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  Business   Companies  27 Mar 2019

Business, Companies, 27 Mar 2019

Moody's retains stable outlook for Power Finance Corp, Rural Electrification Corp

The ratings agency Moody's has confirmed the Baa3 issuer ratings of PFC and REC.

27 Mar 2019 7:48 PM

Oriental Bank allots 13.89 cr shares to govt following capital infusion

The move follows capital infusion of Rs 1,186 crore by the government into the bank.

27 Mar 2019 5:13 PM

NTPC launches MTN issue to raise USD 450 million

The issue would close on April 3. The funds raised through this issue will be used for capital expenditure by NTPC.

27 Mar 2019 4:16 PM

Sale of Vijay Mallya's UBHL shares fetch Rs 1,008 cr: ED

Shares of UBL were held by UBHL and were kept with the bank as security in lieu Kingfisher Airlines loan, the ED said.

27 Mar 2019 3:53 PM

Soonawala steps down from Tata Trusts on health grounds

Soonawala served at various positions in the Tata group including as vice-chairman of Tata Sons and was a close confidante of Ratan Tata.

27 Mar 2019 3:33 PM


Boeing holds test flights for 737 MAX fix: sources

FAA engineers and flight test pilots were involved in the MCAS operational evaluation flight test.

27 Mar 2019 2:24 PM

Flipkart launches fund to support early-stage start ups: CFO Emily McNeal

The objective of the Flipkart's fund is to build the ecosystem with world-class founders and ideas.

27 Mar 2019 12:29 PM

Jet Airways shares rise after govt official rules out grounding more planes

Jet Airways Ltd’s shares rose about 6 per cent on Wednesday to a near 10-week high.

27 Mar 2019 11:44 AM

Adani becomes 1st Indian port operator to record 200 MT cargo movement

Going forward, APSEZ aims to double its cargo handling to 400 MT by 2025.

27 Mar 2019 11:07 AM

Tata group, GIC, SSG to invest USD 1.16 billion in GMR Airports

The deal will also provide exit to existing private equity investors that hold a 5.8 per cent stake in the airports unit.

27 Mar 2019 10:47 AM


Top 11 PNB officials summoned for violation of banking regulation

The RBI has further alleged that the accused willfully and deliberately made false statements in the compliance report.

27 Mar 2019 10:01 AM

Nissan panel to propose bigger role for external directors in Ghosn scandal's wake

The independent panel will announce the results of its three-month audit of Nissan’s governance-related procedures.

27 Mar 2019 9:27 AM

Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches NCLAT

The appellate tribunal had directed to list the matter on April 29 for next hearing.

27 Mar 2019 9:14 AM

HCC to sell litigation claims for Rs 1,750 cr

HCC will set up a special purpose vehicle to carry out the transaction.

27 Mar 2019 1:41 AM

Mindtree spikes buyback plan

Mindtree said it has decided to constitute a Committee of Independent Directors to evaluate the L&T offer.

27 Mar 2019 1:41 AM