Business, Companies, 26th Mar 2019, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 09:46 AM IST

Business Companies 26 Mar 2019

Business, Companies, 26 Mar 2019

A workshop on manufacturing in the age of Artificial Intelligence was held in Bengaluru where industry and policymakers discussed various aspects of AI and automation adoption.

Niti Aayog, ABB organise workshop on AI for MSMEs

The workshop deliberated upon exploring innovative business and economic models to accelerate technology adoption by MSMEs.

26 Mar 2019 7:10 PM

"The board of directors of the company, at a meeting held on March 26, 2019, has decided not to proceed with a buy-back of equity shares of the company," Mindtree said in a regulatory filing.

Mindtree forms panel over L&T open offer, nixes share buyback plan

Mindtree co-founders have opposed the bid by L&T to acquire it.

26 Mar 2019 6:27 PM

In the filing to the stock exchanges, Jet Airways on Monday said Naresh Goyal, Anita Goyal and one nominee of Etihad Airways PJSC would step down from the board. (Photo: PTI/File)

Jet Airways shares rally further; close 6.5 pc higher as Naresh Goyal steps down

On the traded volume front, 54.11 lakh shares were traded on the BSE and over 6 crore shares on the NSE during the day.

26 Mar 2019 5:08 PM

Earlier this year, the Reserve Bank had imposed penalties worth Rs 71 crore on 36 public, private and foreign banks.

RBI slaps Rs 2 cr penalty on PNB for violating SWIFT norms

PNB said the Reserve Bank in a letter dated March 25 has informed the bank about the penalty.

26 Mar 2019 4:30 PM

Digital platform will give an holistic approach towards solving agricultural plights by means of providing reliable and customised information.

BoB to develop agri-digital platform; inks 6 MoUs

The agri-digital platform will be executed by IT Centre of Excellence (ITCoE) of Bank of Baroda in partnership with IBM India.

26 Mar 2019 4:25 PM

"The show cause notices of March 14 and 15 and letter dated March 20, 2019, by DoT is against the direction passed by this tribunal," the NCLAT said.

NCLAT stays DoT's show cause notices to RCom for cancellation of spectrum licence

A two-member bench also stayed the DoT's letter dated March 20, 2019 to Axis Bank to encash the bank guarantee of Rs 2,000.

26 Mar 2019 3:59 PM

Both the telecom firms have asked the government to allot them spectrum for 4G services in lieu of equity.

Trai to hold consultation with BSNL, MTNL on allocation 4G spectrum: RS Sharma

Digital Communication Commission has sought view of Trai on demand of spectrum from both the PSUs.

26 Mar 2019 3:52 PM

For December quarter of this fiscal, IDBI Bank reported widening of loss to Rs 4,185.48 crore as bad loans surged.

IDBI Bank Officers' Association to go on hunger strike on Mar 30

The Officers' Association has been protesting over RBI categorising IDBI Bank as a private sector lender with effect from Jan 21, 2019.

26 Mar 2019 3:44 PM

The I-T department has given numerous deadlines to link Aadhaar with PAN, but it has now decided to set the deadline till March 31st of this year.

PAN-Aadhaar linking: Here's why your PAN card will be useless if not linked before Mar 31

As per the I-T Department, persons who haven’t linked their PAN with Aadhaar card may not be able to file income tax returns.

26 Mar 2019 3:03 PM

The airline had taken a ‘cue from the Election Code of Conduct’, a GoAir spokesperson said.

GoAir withdraws boarding passes with photos of PM, Gujarat CM

On Monday, Air India decided to do the same after the issue ignited controversy on social media.

26 Mar 2019 2:11 PM

"FY20 can witness the benefits of higher data usage, and a relatively more consolidated and stable industry structure resulting in some pricing discipline," Icra's sector head and vice president Harsh Jagnani said. (Representative Image)

Telecom companies' revenue to decline for third consecutive year: Report

Overall debt for the sector will come down to Rs 4.3 trillion in end FY20 from Rs 4.75 trillion expected in March 2019, report said.

26 Mar 2019 1:20 PM

Now Vogo customers can directly unlock and start the ignition of scooters via the click of a button on the Vogo app.

Vogo launches India’s first one click booking technology

The company has launched the Bluetooth powered technology for its petrol and electric vehicles.

26 Mar 2019 12:53 PM

Corporate Affairs Secretary Injeti Srinivas said that personal insolvency should be approached carefully and in a planned manner. (Representational Image)

Over 12,000 cases filed since implementation of insolvency law, says govt

Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in disposing cases related to insolvency.

26 Mar 2019 12:42 PM

The two companies, however, did not disclose the financial details of the deal.

Reliance Industries buys ITC's menswear brand John Players

Acquisition would strengthen RRL’s readymade garments and accessories portfolio in the fashion and lifestyle retail space.

26 Mar 2019 12:37 PM

Abu Dhabi’s Etihad bought a 24 per cent stake to keep the airline running. (Photo: AFP/File)

Jet Airways chairman Naresh Goyal steps down as banks move in with rescue plan

Banks have moved in to take a majority stake in the airline after Jet failed to convince potential investors.

26 Mar 2019 11:38 AM

Under the rescue plan, Jet’s lenders, led by SBI, will issue a loan of 15 billion rupees to meet the airline’s obligations.

Jet Airways shares soar after founder Goyal exits

Shares of Jet Airways rose as much as 8.6 per cent to 275.90 rupees, highest since Feb 1.

26 Mar 2019 10:40 AM

SpiceJet's Chairman and Managing Director Ajay Singh. (Photo: ANi)

Sad day for Indian aviation, says SpiceJet on exit of Naresh Goyal

According to reports, SpiceJet is planning to lease Jet Airways' grounded planes from their lessors.

26 Mar 2019 10:20 AM

Shares of Tata Steel BSL ended 4.27 per cent down at Rs 28.05 apiece on BSE on Monday.

Tata Steel BSL to allot shares worth Rs 2,300 crore to Tata Steel

Tata Steel had won the bid to acquire debt-laden Bhushan Steel in an insolvency auction and later renamed the company as Tata Steel BSL.

26 Mar 2019 10:07 AM

United States has lobbied Europe to shut out Huawei, saying its equipment could be used by the Chinese government for espionage. (Photo: AP)

Pentagon eyeing 5G solutions with Huawei rivals Ericsson and Nokia: official

Huawei has strongly rejected the allegations and earlier this month sued the US government over the issue.

26 Mar 2019 9:12 AM

According to the statement this transaction is expected to be completed by March 31, 2019.

Tata Power inks pact to sell EEPL for USD 11 million

The transaction will fall within related party transactions and is done at arms length basis.

26 Mar 2019 8:52 AM

1 of 1

Columns

Sunil Gatade