Business, Companies, 19th Apr 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 09:23 PM IST

Business Companies 19 Apr 2019

Business, Companies, 19 Apr 2019

SpiceJet had said on Thursday that it will induct six more Boeing 737-800 NG aircraft on dry lease in addition to the 16 B737s and 5 Q400s that will soon the fleet. (Image: File)

Post Jet Airways crisis, SpiceJet hires more than 100 pilots, staff

The crisis in Jet Airways has out around 20,000 jobs at stake.

19 Apr 2019 9:09 PM

Bharti Airtel said its board of directors in a meeting held on Friday approved rights issue which is scheduled to open on May 3 and close on May 17. (Photo: PTI)

Airtel's Rs 25,000-crore rights issue to open on May 3

Bharti Airtel has already fixed April 24 as 'record date' to determine shareholders' eligibility to apply for equity shares.

19 Apr 2019 7:38 PM

BBB, headed by former Department of Personnel and Training secretary B P Sharma, also suggested revamping credit governance architecture in nationalised banks to reinforce efforts to minimise credit costs and enhance efficiency of credit allocation. (Photo: ANI)

BBB identifies 75 senior officers for leadership roles in PSBs

It has made a case for giving a complete autonomy to banks to decide organisational structure for better efficiency.

19 Apr 2019 6:25 PM

"R-Cluster development is on track for first gas in 2H FY21," Reliance said in an investor presentation after its fourth-quarter earnings. (Representative Image)

Reliance to start gas production from R-Cluster in 2nd half of FY21

Reliance and its partner BP Plc had in 2017 announced an investment of Rs 40,000 crore in three sets of discoveries.

19 Apr 2019 6:16 PM

State-owned NBCC and Mumbai-based Suraksha group are in race to acquire bankrupt Jaypee Infratech. Jaypee Group too has submitted its resolution plan but the same is not being considered by the lenders at this stage. (Representational Image/PTI)

Jaypee flat possession delay: Buyers demand suspension of EMIs

Around 22,000 homebuyers are stuck due to significant delay in delivery of flats by debt-ridden firm Jaypee Infratech.

19 Apr 2019 5:38 PM

"Religare Enterprises has suffered over the years on account of unbridled mismanagement and misappropriation of funds orchestrated under the erstwhile promoters (Malvinder Mohan Singh and Shivinder Mohan Singh) and Sunil Godhwani," the company statement said.

New management committed to ensure good governance, says Religare Enterprises

The company has the full support of its shareholders to bring to justice erstwhile promoters and management, company statement said.

19 Apr 2019 5:08 PM

The sources said the lenders are actively considering proposals, including from Air India, for utilising the planes owned by Jet Airways. (Photo: Twitter | @jetairways)

Jet Airways crisis: Lenders explore ways to use 15 planes, protect valuable assets

Banks had rejected emergency funding request of Jet Airways that forced it to ground operations.

19 Apr 2019 4:22 PM

India is a critical market for social media platforms given the large population of 1.3 billion people.

TikTok's parent ByteDance plans USD 1 bn investment in India in next 3 years

The company would also be increasing the number of employees in India to 1,000 people by the end of this year.

19 Apr 2019 4:05 PM

The offering entails personal accident cover, protection against third-party liabilities and inspection-free renewal through a fast, paperless process. (Photo: AFP)

Airtel Payments Bank partners with Bharti AXA for two-wheeler insurance

Customers without an Airtel Payments Bank account can also avail this policy.

19 Apr 2019 2:32 PM

Air India chairman Ashwani Lohani is expected to meet Kumar on Friday to discuss his plans of leasing five Jet Airways' B777s. Air India is keen to launch more international routes and enhance frequencies on the existing ones, said a source.

Air India chairman may meet SBI chief over leasing Jet Airways planes

The SBI-led consortium of lenders are now running the Jet Airways under a debt recast plan.

19 Apr 2019 2:12 PM

A power sector expert said, "The deficit is primarily due to discoms not being able to buy power. Their total outstanding due was Rs 40,698 crore toward power generators till January this year."

India still not power-surplus nation; energy deficit at 0.6 pc in 2018-19

Central Electricity Authority report had indicated that India would be a power-surplus country in 2018-19.

19 Apr 2019 1:30 PM

The 34 non-life insurers had a gross premium of Rs 1.51 lakh crore in 2017-18.

Non-life insurers witness 13 per cent rise in premium in FY19

Non-life insurers registered 13 per cent increases in their collective premium income to Rs 1.70 lakh crore in FY19

19 Apr 2019 1:14 PM

Ma has responded to the criticism by saying work should be a joy and also include time for study, reflection and self-improvement.

Alibaba head's remarks spark debate over China working hours

Online complaints included blaming long work hours for a lower birth rate in the country.

19 Apr 2019 10:55 AM

Uber is also seeing growing success with an "Eats" service that lets drivers make money delivering meals ordered from restaurants. (Photo: AP)

Uber wins USD 1 billion investment from Toyota, SoftBank fund

Toyota has already invested USD 500 million in Uber as the firm races Google-owned Waymo.

19 Apr 2019 9:48 AM

Airline stopped its international operations from April 11, leaving its passengers in the lurch at several international airports across the world.

Air India offers special fares to Jet Airways stranded int'l passengers

Jet Airways will be allowed to avail special stranded passenger fares from the destinations common with Air India.

19 Apr 2019 8:56 AM

In a brief statement, Jet Airways’ lenders said “the best way forward for the survival of Jet Airways is to get the binding bids from potential investors”.

DGCA asks Jet Airways to file a ‘credible’ revival plan

The DGCA would also be asking the company for a concrete and credible revival plan to restart suspended operations.

19 Apr 2019 3:06 AM

Jet Airways’ employees gather to appeal to the government to save their company, in New Delhi on Thursday. (Photo: AP)

Jet will fly again, say banks

At its peak, Jet operated 123 planes and over 600 daily flights. It was flying just seven planes on Tuesday.

19 Apr 2019 2:35 AM

Retail business revenues surged 51.6 per cent to Rs 36,663 crore in Q4 and by 88.7 per cent to Rs 1,30,566 crore in 2018-19 fiscal.

Reliance Jio’s Q4 profit jumps 64 per cent to Rs 840cr

Earning per subscriber, however, declined to Rs 126.2 a month from Rs 130 in the previous quarter.

19 Apr 2019 2:34 AM

The petrochemical business saw pre-tax profits jump by 24 per cent to Rs 7,975 crore on higher prices.

Reliance posts highest quarterly net profit in Q4

In full year 2018-19, the company posted a record Rs 39,588 crore net profit on a revenue of Rs 6,22,809 crore.

19 Apr 2019 2:33 AM

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Mohan Guruswamy