Business, Companies, 14th May 2019, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 12:22 PM IST

Business Companies 14 May 2019

Business, Companies, 14 May 2019

Jio is playing to be "India two player", Ambit Capital said adding that this severely impacts the ability of Vodafone Idea to enjoy the upsides of its rural subscriber base upgrading to smartphones.

Vodafone Idea lags Airtel, Jio in sequential revenue growth in Q4: Analysts

Vodafone Idea is looking to monetise investments in tower venture as well as fibre assets.

14 May 2019 9:13 PM

"After Diwali, what my team saw was that there were some small sellers who were getting large percentage of the cashbacks and I we as a team asked our auditors to do a deeper audit," Vijay Shekhar Sharma told reporters.

Paytm probe reveals at least Rs 10 cr fraud: Vijay Shekhar Sharma

Regarding the feasibility of businesses providing freebies, Sharma said the cashback model is sustainable.

14 May 2019 8:34 PM

In all, L&T is eyeing up to 66 per cent stake in Mindtree for around Rs 10,800 crore.

L&T acquires 1,168 shares of Mindtree

Shares of Mindtree ended at Rs 974.25 apiece on the BSE on Tuesday, 0.13 per cent lower than the previous closing.

14 May 2019 6:47 PM

The scrip tanked 7.42 per cent to close at Rs 129.10 on the BSE on Tuesday.

Jet Airways shares plummet over 7 pc; CEO Vinay Dube resigns

CEO Vinay Dube resigned from the company citing to personal reasons.

14 May 2019 5:48 PM

The routes include Delhi-Ahmedabad, Mumbai-Hyderabad, Hyderabad-Dubai, Chennai-Kuwait, Delhi-Kuala Lumpur and Bengaluru-Male among many others, IndiGo statement said.

IndiGo announces 3-day summer sale

Passengers can avail the all-inclusive fares starting at Rs 999 for travel between May 29-September 28.

14 May 2019 4:35 PM

“At work, we emphasize the spirit of ‘996’. In life, we should follow ‘669,’“ Jack Ma said. (Photo: File | AP)

Have sex daily: Alibaba’s Jack Ma to employees

The 54-year-old Ma was speaking at a mass wedding organised by his company.

14 May 2019 3:44 PM

Voting process is likely to start on Thursday and end on Sunday, sources say. (Photo: PTI)

Jaypee Infratech creditors decide to put on vote NBCC's revised bid

Homebuyers are likely to vote in favour of NBCC bid but many flat owners fear that lenders may reject it.

14 May 2019 3:09 PM

As part of the deal, Deepika Padukone will own equity in Drum Foods.

Deepika Padukone invests in yogurt brand Epigamia

The investment will be used by Drum Foods to expand into new products and enter new cities, the company said.

14 May 2019 12:58 PM

In its revised offer, NBCC has proposed infusion of Rs 200 crore equity capital, transfer of 950 acres of land worth Rs 5,000 crore to banks and completing construction of flats by July 2023 to settle an outstanding claim of Rs 23,723 crore of financial creditors. (Representational Image | PTI)

NBCC decides against diluting conditions in revised bid for Jaypee Infratech

NBCC's revised bid to acquire Jaypee Infratech and complete work of over 20,000 flats would be discussed on May 14 by CoC.

14 May 2019 12:25 PM

The company declined to comment. (Representational image/ Photo: AFP)

Amazon rolls out machines that pack orders and replace jobs

The new machines, known as the CartonWrap from Italian firm CMC Srl, pack much faster than humans.

14 May 2019 9:54 AM

The airline seized operations temporarily around mid- April due to acute liquidity crisis.

Jet Airways chief financial officer Amit Agarwal steps down

The airline did not mention a replacement for Agarwal, who had joined Jet in 2015 as its CFO.

14 May 2019 9:43 AM

For the full FY2019, the company's loss stood at Rs 14,603.9 crore, while the revenue from operations was pegged at Rs 37,092.5 crore.

Vodafone Idea Q4 loss at Rs 4,882 cr; co says strategic initiatives taking effect

The loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19, aided by 3.4 per cent drop in total expenses.

14 May 2019 8:48 AM

EEPC India, the apex body of the engineering exporters, is lobbying hard with the Reserve Bank of India (RBI) to extend the interest equalisation scheme (IES) for exporters to the entire MSME sector, so that the linkage with exports goes away and comply with the WTO norms.

Exporters want IES to cover entire MSME sector

EEPC has asked RBI for carving out an exporter-friendly interest rate structure for exporters.

14 May 2019 2:41 AM

The government on Monday cancelled the FCRA registration of the Bengaluru-based NGO, Infosys Foundation, for alleged violation of norms in receiving foreign grants, officials said on Monday.

Centre cancels FCRA registration of Infosys Foundation

Infosys Foundation, however, said its de-registration from the FCRA followed a request it proactively made to the Ministry of Home Affairs.

14 May 2019 2:32 AM

The Ministry of Corporate Affairs (MCA) has forwarded complaints against Religare Enterprises about shareholding norm violations to the financial regulators.

MCA refers Religare case to regulators, mulls action

Having shared the case with the Securities and Exchange Board of India and the Reserve Bank of India.

14 May 2019 2:24 AM

Sanjiv Puri appointed ITC Chairman

Puri, who has been Managing Director, will now be Chairman and Managing Director, the company said.

14 May 2019 2:19 AM

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