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  Business   Companies  17 May 2017

Business, Companies, 17 May 2017

Paytm to start payments bank; Renu Satti to be CEO

Paytm Payments Bank Ltd (PPBL) has received the final licence from the RBI and would commence its operations on May 23.

17 May 2017 7:57 PM

Trai to boost manufacturing of telecom and broadcasting products

Trai discussion paper pertaining to the issue is currently in the works.

17 May 2017 6:12 PM

RIL stocks drag Mukesh Ambani's wealth to $30 bn

Reliance Industries replaced Tata Group firm TCS as most valued stock on BSE in April this year.

17 May 2017 5:54 PM

JSW Steel Q4 profit jumps 3-fold at Rs 1,009 crore

The consolidated total income increased to Rs 17,973.06 crore, over Rs 11,815.21 crore in the corresponding quarter of FY16.

17 May 2017 5:45 PM

JSW Steel today reports three-fold increase in profit

The consolidated total income increased to Rs 17,973.06 crore, over Rs 11,815.21 crore in the corresponding quarter of FY16.

17 May 2017 5:26 PM


Tata Steel shares increases;market valuation increases

Tata Steel today endedover 8 per cent higher, adding Rs 3,531 crore to its market valuation

17 May 2017 5:12 PM

Allahabad Bank Q4 net profit at Rs 111 crore as provisions fall

Total income during the January-March quarter of 2016-17 was slightly up at Rs 5,105.07 crore.

17 May 2017 5:10 PM

IT layoffs give birth to India's first union for techies

Union will safeguard interests of IT employees and subject companies to labour laws for violation of rules.

17 May 2017 4:57 PM

Siemens bags contract from Vedanta for digital fleet solution

Siemens will initially provide three years of maintenance and service support to help ensurereliability and operational performance.

17 May 2017 4:55 PM

Idea launches 4G Internet services in Jaipur

Idea mobile broadband service covers almost one lakh villages/towns and cities in the country.

17 May 2017 4:09 PM


Turbo Megha Airways gets AOC certificate

The certificate will enable it to expand the UDAN flights to metros of other regions such as Mumbai.

17 May 2017 3:49 PM

Brand Finance 2017: Tata Group most valuable brand

Report speculates legal battle between Cyrus Mistry and Ratan Tata might have impacted brand value.

17 May 2017 3:29 PM

'Domestic opportunity can help IT cos tide over job losses'

Information technology and business process management industry has grown at a healthy clip for nearly two decades.

17 May 2017 3:16 PM

Sensex rises in afternoon trade after initial losses

The NSE 50-share Nifty was trading flat at 9,512.85, up 0.60 points or 0.01 per cent.

17 May 2017 1:44 PM

Tata Steel, Thyssenkrupp merger halt after workers protest

Thyssenkrupp is opposed to taking on 15 billion pounds ($19.4 billion) in UK pension liabilities.

17 May 2017 1:27 PM


Tata Steel narrows Q4 loss on back of pension provision

Revenues rose to Rs 35,305 crore for the quarter under consideration, up 30.4 per cent from Rs 27,071 crore.

17 May 2017 10:58 AM

Jio alleges Tikona-Airtel deal will make govt lose Rs 217 cr

Bharti Airtel in March announced acquisition of 4G business of Tikona Networks, including broadband spectrum.

17 May 2017 10:50 AM

Paytm to start payments bank operations from May 23

Payments banks can accept deposits from individuals and small businesses up to Rs 1 lakh per account.

17 May 2017 9:55 AM

IT sector 'robust', layoffs part of appraisal process: Govt

IT sector will continue to hire and has added five lakh jobs in the last 2.5 years.

17 May 2017 9:27 AM

Xiaomi eyes offline sales for growth

Xiaomi will set up around 100 Mi Homes in India over the next two years.

17 May 2017 4:09 AM