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

Friday, Apr 19, 2024 | Last Update : 06:21 PM IST

Business Companies 14 Aug 2019

Business, Companies, 14 Aug 2019

The company's portfolio currently comprises more than 23,000 hotels and 1,25,000 vacation homes, with over one million rooms globally.

Oyo to invest 300 mn euro to strengthen presence in European vacation rental mkt

The firm will aim to expand the presence of OYO Home, Belvilla and Dancenter brands across Europe.

14 Aug 2019 8:03 PM

The executive committee will explore opportunities to deleverage the Coffee Day Group

Coffee Day Enterprises to sell its tech park to Blackstone for up to Rs 3,000 cr

The transaction valuation is about Rs 2600-3000 cr and the company has entered into a non-binding letter of intent.

14 Aug 2019 5:50 PM

The constant nudging of banks to lend more to NBFCs is in contrast to the global trend of authorities trying to break the linkages between banks and NBFCs, the Fitch report noted. (Representional Image)

More forced lending to NBFCs can land banks in trouble: Fitch

Earlier this month, RBI announced three major steps to encourage banks to lend more to liquidity starved NBFCs.

14 Aug 2019 4:02 PM

Currently, the bank has a consumer base of about 6 million using its SBI Card services for payment of products and services.

SBI proposes to dilute stake in credit card business

The country's largest lender currently holds 74 per cent stake in SBI Cards & Payment Services Private Limited.

14 Aug 2019 3:58 PM

In the revised shareholding, under the 'statement showing the shareholding pattern of the Promoter and Promoter Group', it listed ONGC as a promoter with 77.88 crore shares or 51.11 per cent stake just below President of India with 'zero' shares.

HPCL files revised shareholding; lists ONGC as promoter

Securities and Exchange Board of India had asked HPCL to re-file shareholding pattern to stock exchanges by August 13, 2019.

14 Aug 2019 3:32 PM

ICICI Bank offers fixed deposits from maturities ranging from 30-45 days, 46-60 days and 1 year-389 days.

ICICI Bank reviews fixed deposit rates; here are the latest FD rates

Senior citizens continue to get higher interest rates than the general public.

14 Aug 2019 3:27 PM

Together, proceeds from these transactions will result in a USD 16 billion reduction in RIL's net debt, which will reduce RIL's adjusted net debt/EBITDA by 1.2x from 3.2x for fiscal year 2019, which ended in March 2019, a credit positive, the report said.

Moody's says Reliance stake sale to Aramco credit positive

RIL also entered a deal with BP to sell 49 pc stake in its fuel marketing business in India for USD 1 billion.

14 Aug 2019 11:51 AM

The partial guarantee would help rework the Asset Liability structure within three months to have positive Asset Liability Management in each bucket for the first three months and on cumulative basis for the remaining period.

Govt issues guidelines for Rs 1-lakh cr partial guarantee scheme for NBFCs

NBFCs, including HFCs, came under stress following series of defaults by group companies of IL&FS in September last year.

14 Aug 2019 8:56 AM

Amazon had been in talks with Future Retail for stake purchase a few months back. However, in between the talks were suspended when the FDI rules were tightened for the e-commerce sector. (Representational image/ Photo: AFP)

Amazon closer to buying stake in Future Retail

As per reports, Future is seeking a valuation of $20 billion for the stake sale. Amazon will also have the option to increase its stake later.

14 Aug 2019 1:30 AM

As the RIL stock soared, shares of its telecom rivals Bharati Airtel and Vodafone Idea plunged 5.28 per cent and 6.34 per cent, as investors expected heightened competition in the sector, once Reliance Jio launches broadband services from next month.

RIL jumps 10 per cent on mega asset sale, debt cut plan

Brokerages raised RIL’s target price after factoring in the impacts of Monday’s announcements.

14 Aug 2019 1:30 AM

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Mohan Guruswamy