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  Business   Companies  16 May 2018

Business, Companies, 16 May 2018

Airtel to lay-off section of Telenor staff post-merger

Both the companies had entered into an agreement for the deal in February 2017.

16 May 2018 8:37 PM

SBI Card looks to grow at 40 per cent in FY 2019

The company witnessed over 75 per cent year-on-year growth in average monthly card spends in FY18.

16 May 2018 8:25 PM

Tata Steel reports Q4 net profit at Rs 14,688 crore

The total expenses of the company stood at Rs 32,626.42 crore during the quarter.

16 May 2018 8:13 PM

Sebi closes proceedings against Mallya's 3 group firms

The acquisition was exempted from open offer obligations, but no disclosure was made by the UB group firms.

16 May 2018 7:58 PM

CAIT says Flipkart-Walmart deal circumvents laws

Its team of lawyers is studying the deal and very shortly, CAIT will move to appropriate authorities and seek legal recourse.

16 May 2018 7:35 PM


Air India to phase out remaining 3 Classic A320s by December

Air India has already removed 11 classic A320 planes out of operations.

16 May 2018 7:15 PM

Infosys sets up blockchain-based trade network in India with 7 banks

Infosys said the network is designed to digitise trade finance business processes.

16 May 2018 5:48 PM

Nearly 40 million tickets sold via Paytm in FY 2018

As per the company, more than 85 percent of all travel bookings come from the Paytm app.

16 May 2018 3:17 PM

IndiGo to connect Hubli to Goa and Kochi from June

IndiGo said adding it has offered an all-inclusive fare starting from Rs 1,299 for the new flights.

16 May 2018 3:14 PM

Fitch affirms RIL ratings with stable outlook

RIL's GRM (gross refining margin) improved to USD 11.6 a barrel in FY18, from USD 11 a barrel in FY17.

16 May 2018 3:08 PM


ITC Q4 net profit up 9.8 per cent to Rs 2,933 crore

The board has also recommended a dividend of Rs 5.15 per ordinary share of Re 1 each for 2017-18.

16 May 2018 2:48 PM

Twitter sees over 3 million mentions of Karnataka elections

A tweet by Rahul Gandhi addressing Prime Minister Narendra Modi saw the highest number of re-tweets.

16 May 2018 1:59 PM

RCom shares dive 20.5 per cent on NCLT move

Weakness was also seen in other group stocks, with Reliance Naval and Engineering trading lower by 6.23 per cent.

16 May 2018 1:28 PM

Binani Industries offers to pay 100 pc claims of debtors

Counsel appearing for Binani Industries said the settling of the creditors' claims will bring the company out of insolvency proceedings.

16 May 2018 12:58 PM

OnePlus announces exciting OnePlus 6 launch offers

On the purchase of OnePlus 6, customers can avail a discount of Rs 2,000 on SBI Credit and Debit card.

16 May 2018 8:36 AM


NCLT allows Ericsson's insolvency plea against RCom

RCom plans to reduce its debt by selling assets such as airwaves, mobile masts and fibre optic investments.

16 May 2018 8:21 AM

Trade deficit widens to $13.72bn

FIEO president exports data is not encouraging despite 5.17 per cent growth.

16 May 2018 12:55 AM