Business, Companies, 23rd Apr 2018, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 05:22 PM IST

Business Companies 23 Apr 2018

Business, Companies, 23 Apr 2018

Bharti Infratel Q4 net profit rises 2 pc to Rs 606 cr Mobile tower firm Bharti Infratel today posted a 2 per cent rise in consolidated net profit at Rs 606 crore for the fourth quarter ended March 2018.

Bharti Infratel Q4 net profit rises 2 per cent to Rs 606 crore

The company's net profit for the January-March period of the previous 2016-17 fiscal stood at Rs 597 crore.

23 Apr 2018 7:29 PM

Vedanta's acquisition of Electrosteel credit positive: Moody's

The move would augment the former's business profile and revenue generation.

23 Apr 2018 7:18 PM

The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned to May 2 its hearing on the Reliance Infratel petition seeking permission to sell its tower and fibre assets. (Photo: PTI)

NCLAT adjourns hearing on Reliance Infratel asset sale to May 2

NCLAT had on April 6 partially allowed sale of the businesses, which was challenged by HSBC Daisy Investments (Mauritius) Ltd.

23 Apr 2018 7:04 PM

Diesel generators manufacturer Mahindra Powerol on Monday launched its higher voltage DG sets range of 400/500/625 kVA powered by Perkins 2000 series engines.

Mahindra Powerol launches new range of diesel generators

The company recently launched its new range of 250/320 kVA DGs powered by Mahindra mPower series engines.

23 Apr 2018 5:28 PM

Reliance General Insurance, arm of Reliance Capital, has registered a net profit of Rs 165 crore in the fiscal ended March, up by 28 per cent from a year earlier.

Reliance General Insurance profit up 28 pc at Rs 165 cr in FY18

The company's investment book increased to Rs 7,999 crore, up by 19 per cent from a year ago, it said in a statement.

23 Apr 2018 5:04 PM

Tata Sons on Monday announced the appointment of former Indian foreign secretary S Jaishankar as Tata Group's President, Global Corporate Affairs.

Tata Sons appoints ex-foreign secy as global corp affairs head

Jaishankar will report to Tata Sons Chairman N Chandrasekaran, the company said in a statement.

23 Apr 2018 3:51 PM

Paytm Payments Bank announced on Monday that it now has over 100 million KYC wallets, against the constant campaigning done by bank about the benefits of the Know Your Customer (KYC) system.

Paytm Payments Bank registers 100 million KYC wallets

The bank has introduced several options that include Paytm KYC centers and 'Paytm-Ka-ATM'.

23 Apr 2018 3:40 PM

Fortis Healthcare on Monday said Hero Enterprise Investment and the Burman Family have extended the validity of their improved, joint binding offer to invest Rs 1,500 crore in the company till May 4.

Munjals, Burmans extend validity of their offer for Fortis

Hero Enterprise Investment, Burman Family have extended the validity of their improved, joint binding offer to invest Rs 1,500 crore.

23 Apr 2018 2:16 PM

Company's average total revenue generated from India operations from its different business segments for the financial years 2013, 2014 and 2015.

NCLAT reserves order on Google's plea to stay Rs 136 cr penalty by CCI

CCI had slapped a fine on Google for unfair business practices in the Indian market for online search.

23 Apr 2018 1:00 PM

Liberty House had moved the NCLT on February 26 against the rejection. (Representational Image)

NCLT asks Bhushan Steel CoC to consider Liberty House bid

NCLT has directed the committee of creditors (CoC) to complete its resolution proceedings by June 23.

23 Apr 2018 12:24 PM

TCS on April 19 reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore.

TCS becomes first listed Indian co to hit USD 100 billion m-cap

Shares of the company today opened at Rs 3,429, rising 4.39 per cent to touch an intra-day high of Rs 3,557 on BSE.

23 Apr 2018 11:00 AM

Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years. AP Photo/Reed Saxon, File)

Amazon to double down on groceries; foray deeper into fresh produce in India

Amazon already has over 100 million registered users in India.

23 Apr 2018 10:46 AM

Late last month, the bank admitted that Koc¬hhar did not recuse herself from a credit panel meeting which decided to give a Rs 3,250 crore loan to diversified Videocon Group in 2012.

Govt may ask ICICI Bank tough questions on governance issues

Finance ministry wants to know why Chanda didn’t recuse herself in Videocon loan case.

23 Apr 2018 8:44 AM

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Mohan Guruswamy