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

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Business Companies 14 Jun 2019

Business, Companies, 14 Jun 2019

Television, however, continues to be the dominant force in India, with an estimated contribution of 39 per cent to the total ad spend in 2019, the report said. (Photo: File | Representational)

India ad spend likely to be Rs 697 billion in 2019: Report

The 2019 estimate is up from January's projection of 10.6 per cent growth in ad spend, and 10.8 per cent in 2018, the report said.

14 Jun 2019 3:27 PM

The cash-starved company suspended operations in April and lenders are working on ways for revival of the airline. (Photo: AFP/File)

Jet Airways shares continue downward trend; tank 15 per cent

The scrip tumbled 13.37 per cent to Rs 79.65 -- its multi-year low -- on the BSE.

14 Jun 2019 1:16 PM

Turnover of the co-operative rose by 34 per cent to Rs 27,851.74 cr during 2018-19, from Rs 20,787.55 cr in the previous year.

IFFCO FY19 net profit down 10 pc at Rs 841 cr, turnover up 34 pc at Rs 27,852 cr

IFFCO's total production of fertilisers increased to 81.49 lakh tonnes last fiscal year, from 78.71 lakh tonnes.

14 Jun 2019 12:57 PM

Dr Reddy's said it will receive sales-based royalties on a quarterly basis.

Dr Reddy's to sell 2 neurology branded products to Upsher-Smith Labs for USD 110 mn

Under the agreement, Dr Reddy's will receive USD 70 million as upfront consideration, USD 40.5 million in near-term milestones.

14 Jun 2019 11:44 AM

The government did give a choice to developers to follow old rates in case of projects launched before April 1, 2019.

Anarock budget wish list for realty sector: More bank funds, ITC benefit in GST

The liquidity crisis is the major factor preventing completion of over 5.6 lakh stalled units across top seven cities.

14 Jun 2019 11:35 AM

Mobiquity creates digital products for brands like Amazon Web Services, Rabobank, Philips, Wawa, Backbase and Otsuka.

Hexaware acquires US-based Mobiquity for USD 182 million

Hexaware had reported revenues of USD 180 million (Rs 1,264 crore) in the January-March 2019 quarter.

14 Jun 2019 10:45 AM

Uber will price the Qutes, which can carry up to three passengers and have windows and a fan but no air-conditioning.

Uber enlists ‘Qute’ to take on India's choked, polluted roads

Uber started with 50 of the cars on Thursday and will expand to several hundred in the coming months.

14 Jun 2019 9:25 AM

PWC has acted prematurely without even statutory discussions with the audit committee," Reliance Capital said in a regulatory filing Thursday.

Sebi, MCA probing PWC's resignation as auditor of RCap, Reliance Home Finance

PWC put in its resignation, with effect from June 11, 2019, citing unsatisfactory response to "certain observations

14 Jun 2019 8:56 AM

A decision on the contentious issue of use of Huawei equipment in telecom infrastructure, particularly for futuristic 5G networks, is expected to be taken soon.

DCC clears spectrum allocation norms for 5G trials; decision on Huawei expected soon

The DCC also approved a proposal pertaining to implementation of BharatNet in public private partnership (PPP) mode.

14 Jun 2019 8:43 AM

For ZYFRA, a leading Finnish-Russian Artificial Intelligence (AI) and the Industrial Internet of Things (IIoT) solutions firm, India is fast emerging as the most important market, globally.

Tech firm ZYFRA eyes $50 mn by 2021

ZYFRA's key fields of focus are machinery, metallurgy, mining, oil and gas and chemical enterprises.

14 Jun 2019 3:51 AM

Hair care has become a buzzing space for India’s fast moving consumer goods (FMCG) companies.

FMCG firms vie for hair care biz

During the year, Dove became leading hair care brand, as its shampoo and conditioner ranges were relaunched with higher Keratin Actives.

14 Jun 2019 3:35 AM

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Dilip Cherian