Business, Companies, 17th Jul 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 02:08 AM IST

Business Companies 17 Jul 2019

Business, Companies, 17 Jul 2019

The programme will support growth of startups focused on finding solutions for social challenges using Artificial Intelligence (AI) in areas of good health and well-being and agriculture among others.

Facebook, T-Hub pick 10 startups for 'India Innovation Accelerator' programme

The cohort startups will have access to T-Hub's ecosystem and PwC India's industry experts to scale their businesses.

17 Jul 2019 8:02 PM

In the second round of bidding, the committee of creditors (CoC) had first rejected the resolution plan of Suraksha Realty and then voted against state-owned NBCC's offer.

Jaypee insolvency: NCLAT asks IDBI Bank to furnish conditions for fresh bidding

A two-member bench headed by Chairman Justice S J Mukhopadhaya has asked IDBI Bank to file an affidavit by Friday.

17 Jul 2019 7:01 PM

Despite the setbacks, Yes Bank, however, maintained its credit cost guidance at 1.25 per cent for the entire year, stating that the same stood at 0.32 per cent for the first quarter.

NPA troubles continue for Yes Bank; June net down 92 pc

The bank's fresh slippages at Rs 6,232 crore nearly doubled if compared to the Rs 3,408 crore in the previous quarter.

17 Jul 2019 6:53 PM

Reliance, which is the operator of KG-D6 with 60 per cent stake, has so far made 19 gas discoveries in the Bay of Bengal block.

BP, Reliance investing USD 5 billion in KG-D6 to produce 1 bcf of gas

The three projects will help reverse the falling gas output from what was once the biggest gas-producing block in India.

17 Jul 2019 6:18 PM

DHFL stock had plummeted nearly 30 per cent on Monday after the company posted biggest ever quarterly loss of Rs 2,224 crore.

DHFL shares continue to rise; jump 11 per cent

The scrip jumped 11.07 per cent to close at Rs 56.20 on the BSE. During the day, it zoomed 17.88 per cent to Rs 59.65.

17 Jul 2019 5:24 PM

International oil companies have stayed away from the three auction rounds held during the last three years that awarded exploration areas to companies that offered the biggest share of the revenue from oil and gas produced. (Photo: Representational)

India's overhauled oil policy unlikely to be a game-changer: Wood Mackenzie

Union Cabinet in February had approved a policy for awarding acreage, based primarily on exploration work commitment.

17 Jul 2019 2:55 PM

Net NPAs rose to 0.81 per cent, compared with 0.72 per cent a year ago.

DCB Bank shares plunge 14 pc post June quarter earnings

Total income during the quarter rose 10 per cent to Rs 392 crore as against Rs 356 crore in the year-ago period.

17 Jul 2019 12:40 PM

Suzlon has been in talks with investors like Brookfield for a stake sale. (Photo: PTI | Representational)

Suzlon defaults on USD 172 million bonds, may offload stake

The outstanding payment was part of a total bond issuance of 546.91 million dollars.

17 Jul 2019 11:04 AM

Last month, Jet’s creditors, led by State Bank of India (SBI), took the airline to the bankruptcy court after failing to agree on a revival plan. (Photo: AFP/File)

Lenders of bankrupt Jet Airways to attempt to sell carrier again

An SBI-led consortium of 26 banks has informed the resolution professionals that Jet Airways owes them about 85 billion rupees.

17 Jul 2019 10:00 AM

Founder and outgoing chairman Azim Premji.

Wipro to outshine previous performance: Azim Premji

Premji reminisced Wipro's journey from a small vegetable oil company to a leading information technology company.

17 Jul 2019 9:20 AM

BSNL and MTNL have also approached the government for granting voluntary retirement scheme package to their employees.

Group of Ministers discusses revival of BSNL, MTNL

This is the second time a GoM has been constituted for revival of the two ailing public sector firms.

17 Jul 2019 9:16 AM

Oyo buys Innov8 to enter commercial real estate

Though the company did not disclose the deal size, sources said that it could be a $30 million all-stock deal.

17 Jul 2019 7:07 AM

After the Russian company acquired Essar Oil's assets, including its fuel retail outlets, about two years back, Nayara is making ambitious plans to increase its fuel retails to over 7,000 by 2020.

Nayara Energy to enter petchem, expand fuel outlets

With the expansion plans, Nayara will remain the largest private fuel retailer in the country.

17 Jul 2019 6:56 AM

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Dilip Cherian