Business, Companies, 24th Aug 2018, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 11:19 PM IST

Business Companies 24 Aug 2018

Business, Companies, 24 Aug 2018

AI warns cabin crew against posting 'distasteful videos' on social media

Some airline crew members danced to foot tapping numbers and posted those videos on social media.

24 Aug 2018 7:44 PM

Baba Ramdev-led Patanjali Ayurved has approached the NCLT challenging the decision by Ruchi Soya's lenders to approve Adani Wilmar's Rs 6,000 crore takeover bid.

Patanjali moves NCLT against Ruchi Soya approving Adani Wilmar bid

The matter is expected to come up for hearing on Monday.

24 Aug 2018 6:24 PM

There are 12 cases of alleged sexual harassment before its various internal complaints committee, Air India has informed the Women and Child Development Ministry.

12 sexual harassment cases under probe: Air India tells govt

The Minister requested the CMD of Air India to sensitize the male employees so that the women employees do not feel threatened.

24 Aug 2018 5:50 PM

Reliance Communications on Friday said it will repay holders of USD 300 million bonds through a combination of cash and bonds of its overseas firm.

RCom says holders of USD 300 mn bonds to be repaid via cash, GCX bonds

The Global Cloud Xchange bonds will be unsecured and carry a coupon of 0.1 per cent with maturity of four years.

24 Aug 2018 5:35 PM

Metals and mining giant Vedanta Ltd on Friday said it will pump in around USD 8 billion (about Rs 56,000 crore) over the next three years on various projects across businesses.

Vedanta to invest close to USD 8 billion in next 3 years: Chairman

There is immense growth potential in sight, Vedanta Ltd Chairman Navin Agarwal said at the company's Annual General Meeting.

24 Aug 2018 3:00 PM

Former promoters of Fortis Healthcare and Religare Malvinder Singh and Shivinder Singh on Friday blamed former Religare Enterprises Chairman and Managing Director Sunil Godhwani for the group's troubles. (Photo: ANI)

Singh Brothers blame Sunil Godhwani for Fortis Group's woes

Godhwani had stepped down as the chairman and MD in July 29, 2016.

24 Aug 2018 2:45 PM

US-based Uber Thursday said India is the fastest growing market for its food delivery platform Uber Eats and the service is being rapidly expanded to cover more Indian cities.

India fastest growing market for Uber Eats globally: Uber

The number of orders on its platform has "more than quadrupled" in the last three months.

24 Aug 2018 12:54 PM

Shares of Ruchi Soya on Friday hit its five per upper circuit limit on the bourses after lenders of the company approved the Rs 6,000 crore bid of Adani Wilmar to acquire the debt-ridden edible oil firm.

Ruchi Soya up 5 pc as lenders approve Adani Wilmar's Rs 6,000-cr bid

Adani Wilmar's bid was approved by the committee of creditors (CoC) with about 96 per cent votes in its favour.

24 Aug 2018 12:27 PM

Chinese e-commerce giant Alibaba on Thursday said that the company is ready for a possible trade war with the United States, adding that it would not only survive the fight but will also thrive. (Photo: AFP)

Alibaba 'ready' for trade war with US

China's dependence on exports has reduced over the years and its economy can withstand tariffs on Chinese products.

24 Aug 2018 11:59 AM

The Mistry camp had challenged the July 9 order of the Mumbai bench of the NCLT which dismissed their pleas against his removal as Tata Sons chairman.

NCLAT declines stay on Tata Sons' conversion to pvt company

NCLAT has listed the matter on September 24 for next hearing.

24 Aug 2018 11:56 AM

The country's second-largest mutual fund house, on August 21, had reported a 25 per cent surge in net profit at Rs 205.26 crore for three months ended June 30 this year.

HDFC AMC hits all-time high, jumps 5 pc post June quarter results

The fund house had a net profit of Rs 164.57 crore in the April-June quarter of 2017-18.

24 Aug 2018 11:33 AM

Shares of the company were trading 0.11 per cent up at Rs 132.25 apiece on BSE.

Ashok Leyland wins tender for defence tracked combat vehicles

As per the scope of work, the company will collaborate with CVRDE, Chennai, for manufacture.

24 Aug 2018 10:52 AM

Reliance’s valuation hits Rs 8 lakh crore

The rally helped both Sensex and Nifty to scale new high despite weakness in emerging market currencies amid fresh trade war concerns.

24 Aug 2018 12:40 AM

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Mohan Guruswamy