Business, Companies, 18th Apr 2019, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 06:33 PM IST

Business Companies 18 Apr 2019

Business, Companies, 18 Apr 2019

For the fiscal ended March 31, 2019, Reliance Jio posted over 4-fold jump in net profit to Rs 2,964 crore compared to Rs 723 crore in the previous fiscal.

Reliance Jio Q4 net profit jumps 64 pc to Rs 840 crore

The operating revenue of Reliance Jio rose 55.8 per cent to Rs 11,106 crore during the reported quarter.

18 Apr 2019 7:45 PM

SBI plans to raise USD 2.5 billion from bonds

The executive committee of the central board will take decision in this regard on April 24, SBI said in a regulatory filing.

18 Apr 2019 7:36 PM

RIL revenue rose 19.4 per cent to Rs 154,110 crore.

Reliance Industries Q4 net jumps 9.8 pc to record Rs 10,362 cr

Net profit in January-March at Rs 10,362 crore, or Rs 17.5 a share.

18 Apr 2019 7:12 PM

Reliance Jio alone added 77.93 lakh customers, taking its total subscriber base to 29.7 crore at the end of February. (Photo: AFP)

Jio, BSNL drive telecom subscriber growth to 120.5 cr in Feb

Reliance Jio and BSNL added 86.39 lakh mobile subscribers but other telecom operators jointly lost 69.93 lakh customers.

18 Apr 2019 6:59 PM

Once India’s largest private airline, Jet halted all flight operations indefinitely on Wednesday evening.

Grounded Jet Airways' shares sink, rivals race to grab airport slots

Investors punished Jet shares on Thursday, driving them down 34 per cent in their biggest intraday fall.

18 Apr 2019 5:38 PM

On the National Stock Exchange (NSE), RIL shares jumped 3.14 per cent to close at Rs 1,386.05 apiece.

RIL shares gain over 3 pc ahead of Q4 earnings

RIL scrip of rose by 2.79 per cent to settle at Rs 1,382.90 on the BSE. During the day, it gained 3 per cent to Rs 1,387.

18 Apr 2019 5:20 PM

DCB Bank's net interest income increased 14 per cent to Rs 301 crore, while non-interest income rose 17 per cent to Rs 99 crore

DCB Bank net profit rises 50 pc to Rs 96 cr in March quarter

Total income rose 15 pc to Rs 400 crore during quarter, compared with Rs 349 crore in period of fiscal ended March 2018.

18 Apr 2019 3:31 PM

Tata Sons former chairman Ratan Tata. (Photo: AP)

Wadia's defamation case fallout of corporate dispute: Ratan Tata

After hearing brief arguments, the bench posted the petition for further hearing on June 10.

18 Apr 2019 3:13 PM

Lenders are carrying out the bidding process for stake sale in Jet Airways, which has a debt burden of more than Rs 8,000 crore. (Photo: PTI/File)

DGCA to seek credible revival plan from Jet Airways, says official

After weeks of uncertainty, Jet Airways on Wednesday announced temporary suspension of its operations.

18 Apr 2019 1:36 PM

Jet Airways was finally grounded for now when its last flight, a Boeing 737.

Despite inconvenience, passengers say they miss Jet flights

The abrupt cancellation of the airline's services for the time being have left thousands of passengers stranded.

18 Apr 2019 1:32 PM

SpiceJet will add six more Boeing 737-800 NG aircraft on a dry lease, in addition to the sixteen 737s and five Bombardier Q400s it inducted recently. (Photo: PTI/Representational)

SpiceJet says taking measures to deal with capacity crunch

Shares of the company jumped as much as 15 per cent on news that Jet Airways had suspended its operations.

18 Apr 2019 11:24 AM

The stock is hovering around its 52-week low level of Rs 163 on BSE.

Jet Airways shares crack 30 per cent; drop to 52-week low

Jet Airways' lenders said they were reasonably hopeful of a successful bidding process for stake sale.

18 Apr 2019 10:05 AM

More than 85 per cent of the 50-plus MAX operators around the globe also have had the opportunity to see the update in action during simulator sessions. (Photo: AP)

Boeing conducts final test flight of 737 MAX with software fix

Test pilots have completed 120 flights totalling more than 203 hours of airtime with the software fix.

18 Apr 2019 9:37 AM

The company has also bid to acquire debt-laden Essar Steel through an insolvency auction.

ArcelorMittal gets EC nod to sell European steel assets to Liberty House

The transaction closing is anticipated to occur before the end of the first half of this year.

18 Apr 2019 9:01 AM

BSNL improved performance in download speed and the latency required for better mobile broadband experience.

Non-availability of 4G spectrum keeps BSNL behind its competitors: Report

The study found Bharti Airtel to be the fastest mobile network with an average download speed of 8.7 megabit per second.

18 Apr 2019 8:56 AM

According to reports, IT Grids has been booked under the Aadhaar Act for data leak of around 7.82 crore residents.

No breach of Aadhaar servers in IT Grids' case: UIDAI

No illegal access was made to its CIDR and no data has been stolen from its servers, UIDAI said in a statement.

18 Apr 2019 8:48 AM

Amazon expects to close fulfilment centres and wind down support for domestic-selling merchants in China in the next 90 days. (Representational image/ Photo: AFP)

Amazon to close domestic marketplace business in China: sources

Amazon shoppers in China will no longer be able to buy goods from third-party merchants in the country.

18 Apr 2019 8:35 AM

The lenders after due deliberations decided that the best way forward for the survival of Jet Airways is to get the binding bids from potential investors.

Jet Airways lenders 'reasonably hopeful' of successful bids for grounded airline

Jet Airways halted all flight operations indefinitely after lenders led by SBI declined to extend more funds.

18 Apr 2019 8:29 AM

However in March, the price of HUL’s Bru Gold jar 100 gm has gone up by 8 per cent from Rs 245 to Rs 265, as per the data from Kotak Institutional Equities. Bru Instant jar 100 gm is up 6 per cent from Rs 165 in February to Rs 175 in March.

Customers fail to get benefit of lower global coffee prices

Meanwhile, café chains too have opted to stay put with the prices.

18 Apr 2019 5:54 AM

The airline which started flying on May 5, 1993, was operating only five planes, down from a fleet of more than 120 planes.

Another airline crashlands

After 26 years of operations, Jet Airways suspends its operations.

18 Apr 2019 5:08 AM

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Shobhaa De