Business, Companies, 25th Apr 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 10:42 AM IST

Business Companies 25 Apr 2019

Business, Companies, 25 Apr 2019

Sources said various options are being explored for rejigging the NPA framework. (Representational Image)

Stressed assets resolution: RBI mulls giving 60 days additional time for repayments

Against backdrop of the Supreme Court quashing an RBI circular, a revised set of rules would be released soon.

25 Apr 2019 7:54 PM

Market repair in the battered telecom sector is at least a year away as the disruptor Reliance Jio continues to focus on subscriber additions, Jefferies report said.

Vodafone Idea needs more fund in FY19 to finance spectrum repayments: Report

Vodafone Idea is in the process of raising Rs 25,000 crore through a rights issue.

25 Apr 2019 7:42 PM

The investment will support growth of L&T IDFs loan book across sectors such as renewable energy, roads, power transmission, airports and ports, the statement said.

Apis Partners to invest USD 110 mn in L&T Infra Debt Fund

L&T IDF has a loan book of Rs 8,000 crore and the investment will help grow the book, an official statement said.

25 Apr 2019 7:20 PM

WNS revenue increased by 3.84 per cent to USD 210.5 million, against USD 202.7 million in the year-ago quarter.

WNS profit after tax rises 21.2 pc to USD 29.7 million in March quarter

The company had posted a profit after tax (PAT) of USD 24.5 million in the corresponding period a year ago.

25 Apr 2019 7:03 PM

As part of this collaboration, both companies would also explore the deployment of Mahindra electric vehicles in other cities.

Mahindra & Mahindra to deploy 50 electric vehicles on Uber platform

Mahindras electric vehicles on the Uber platform would include the e2oPlus hatchback and the eVerito sedan.

25 Apr 2019 4:37 PM

Adani Group had also expressed interest to bid for Jaypee Infratech.Photo: (Representational/PTI)

Jaypee insolvency: Lenders to meet on Apr 26, 30 to consider revised bids of NBCC

In the first round of insolvency proceedings, the Rs 7,350 crore bid of Lakshdeep, part of Suraksha group, was rejected by lenders.

25 Apr 2019 3:33 PM

Most of the times, the consumers are not able to contact the toll-free number of Dish TV India to express their grievance, said TRAI.

TRAI pulls up Dish TV India; seeks compliance with new regulatory norms

As per complaints, the DTH operator 'is forcefully offering a bouquet of free-to-air channels without their consent.'

25 Apr 2019 2:38 PM

Jet Airways had received an unsolicited e-mail communication from the British entrepreneur, it said in a filing to the BSE.

British entrepreneur says ready to bid for Jet Airways, asked to contact SBI

Jason Unsworth is the founder and CEO of Atmosphere Intercontinental Airlines.

25 Apr 2019 1:41 PM

"With this divestment, the government now holds 100 per cent stake in both these financial institutions," RBI said in a statement.

RBI sells entire stake in NHB, Nabard to government for Rs 1,470 cr

RBI sold stake in NHB on March 19, while it sold the stake in Nabard on February 26, the bank said in a statement.

25 Apr 2019 1:33 PM

Vodafone Idea shares were trading at Rs 16.75 apiece, down by 2.62 per cent compared the previous close on BSE.

Vodafone Idea rights issue subscribed 1.07 times: Sources

As per data published by NSE, the rights issue has received bids for 1,109 crore shares.

25 Apr 2019 10:58 AM

The ban worried the social media industry in India as it sees legal worries mounting if courts increasingly regulate content on their platforms.

Madras High Court moves to lift ban on Chinese video app TikTok

The ban was resulting in ‘financial losses’ of up to USD 500,000 a day for Bytedance, and had put more than 250 jobs at risk.

25 Apr 2019 10:34 AM

Microsoft’s stock has gained about 23 per cent gain so far this year, after hitting a record high of USD 125.85. (Photo:AP)

Microsoft tops USD 1 trillion as it predicts more cloud growth

Microsoft’s earnings per share of USD 1.14 beat expectations of USD 1, according to IBES data from Refinitiv.

25 Apr 2019 9:49 AM

WeWork said interested candidates can send their resumes to an email ID created specifically for applications from Jet employees.

WeWork India, others offer jobs to Jet Airways employees

Cash-starved Jet Airways, which has around 23,000 employees, has delayed payment of salaries to the employees, including pilots.

25 Apr 2019 8:56 AM

Sebi in its letter to Hotel Leelaventure said it has received representations from ITC, and minority shareholder Life Insurance Corporation (LIC).

Sebi restrains Hotel Leelaventure from selling assets to Brookfield

The Mumbai bench of the NCLT is scheduled to hear the matter on June 18.

25 Apr 2019 1:20 AM

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Dilip Cherian