Business, Companies, 24th Apr 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 09:17 PM IST

Business Companies 24 Apr 2019

Business, Companies, 24 Apr 2019

The filing came in response to a clarification sought from the airline on reports that the British entrepreneur has offered to take control of Jet Airways.

British entrepreneur advised to formally engage with SBI Caps: Jet Airways

Jet Airways temporarily suspended operations on April 17 as it ran out of cash.

24 Apr 2019 9:10 PM

As per GoAir, roll out of 28 additional flights covering across airports will alleviate the shortage of flights.

GoAir to expand network with 28 new flights from Apr 26

The airline announced fare as low as Rs 1,368 on select routes, said GoAir managing director Jeh Wadia in a release.

24 Apr 2019 7:55 PM

Central Board of Indirect Taxes and Customs (CBIC) has notified June 21, 2019, as the day from which any “consignor, consignee, transporter, e-commerce operator or courier agency” would be barred from generating electronic way or e-way bill for failure to file tax returns for the stipulated time period as mentioned in the GST rules.

Non-filers of GST returns to be barred from generating e way bills from June 21

Businesses under GST, will be barred from generating e-way bill if they fail to file returns for two consecutive filing periods.

24 Apr 2019 5:15 PM

"The funding reduces leverage for Bharti and Reliance but is inadequate for VodaIdea, in our view," it said. "With Jio focus remaining on subscriber addition, the market repair is still 12 months away."

Telecom market repair still some time away: Jefferies

This fiscal will see equity fund-raising of over Rs 1 lakh crore led by separate rights by Vodafone-Idea and Bharti Airtel.

24 Apr 2019 3:46 PM

"About two years ago, we realised that while we had a 50 per cent share in online sales, our offline presence was negligible. That's when we started our offline expansion," Xiaomi Vice-President and MD Manu Jain told reporters.

Xiaomi eyes 10,000 retail stores in India, 50 pc biz from offline route

Xiaomi had started its India journey as an online-only brand in 2014.

24 Apr 2019 2:43 PM

The VRS scheme for BSNL and MTNL will have revenue impact worth Rs 6,365 crore and Rs 2,120 crore on each company.

VRS package may save Rs 1,080 cr in annual salary tab: MTNL chief

The telco expects about 9,500 employees to opt for the scheme as and when it comes up, according to its chairman.

24 Apr 2019 2:18 PM

During January to March quarter this year, the net profit increased marginally to Rs 53.26 crore from Rs 53.16 crore in the last quarter of the previous year. (Photo: ANI)

Tata Global Beverages reports decline in profit to Rs 411 crore in FY 19

The revenue, however, moved up to Rs 3,430 crore in 2018-19 as against Rs 3,217 crore in FY 18.

24 Apr 2019 1:54 PM

The cloud computing system helps entities use software, store data and other IT related work without the need to buy complete software or hardware that they may need for computing purposes. (Photo: PTI)

Huawei, Infosys sign partnership pact for cloud computing business

As part of the agreement, Infosys will join the Huawei Cloud Partner Network and two companies will develop new cloud solutions.

24 Apr 2019 1:04 PM

Indiabulls Real Estate posted a 95 per cent decline in its consolidated net profit at Rs 108.56 crore for the fourth quarter of the last fiscal as against Rs 2,181.13 crore in the year-ago period, according to a regulatory filing.

Indiabulls Real Estate to sell London asset to promoters for GBP 200 mn

The company's debt would be reduced to Rs 3,000 crore after this proposed deal with concludes.

24 Apr 2019 12:17 PM

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur.

Sebi bars Hotel Leelaventure from selling properties to Brookfield Asset Management

ITC has also moved the NCLT against Leelaventure alleging ‘oppression and mismanagement’, and minority shareholder LIC.

24 Apr 2019 11:34 AM

The automaker is already anticipating a 22 per cent cut in operating profit to 450 billion yen (USD 4.02 billion) for the year ended March.

Adding to Ghosn woes, Nissan set to further slash profit outlook: Report

The automaker is scheduled to announce its full-year earnings results on May 14.

24 Apr 2019 11:18 AM

The company is now set to launch their range of products in the Western and other markets.

Aquawhite signs popular characters - Peppa Pig, Angry Birds and Hello kitty

The company boasts of being the only one producing a vast range of innovative, concept-based products.

24 Apr 2019 10:07 AM

Both Reliance and SoftBank spokespersons declined to comment on the matter.

Softbank investing in Jio as Mukesh Ambani deleverages business

Softbank is reportedly looking to make a USD 2-3 billion investment in India's fastest-growing telecom firm RJio.

24 Apr 2019 8:51 AM

The Gruh Finance deal will reduce stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61 per cent from the current 82 per cent.

RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The share swap ratio for the merger will be 568 shares of Bandhan Bank for every 1,000 shares of Gruh Finance.

24 Apr 2019 8:47 AM

The CoC of Essar Steel has divided operational creditors of the company into two types -- one with claims under Rs 1 crore and another above Rs 1 crore.

Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT

The NCLAT would continue the hearing in the matter on Wednersday.

24 Apr 2019 8:44 AM

This motivational rap spreads the true message of Kingfisher–Divided by teams, United by Kingfisher.

Old jingles take a nostalgic trip in IPL season

Celebrating the true spirit of cricket and Kingfisher, the cricketers can be seen jamming and dropping the mike in a never-seen- before avatar.

24 Apr 2019 1:18 AM

ITC now holds a 7.92 per cent stake in Hotel Leelaventure.

ITC moves NCLT against Leelaventure

The Mumbai bench of the National Company Law Tribunal posted the matter for hearing on Wednesday.