Business, Companies, 28th Jul 2017, News & Stories from India

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Business Companies 28 Jul 2017

Business, Companies, 28 Jul 2017

Reliance Jio will soon roll out its 4G VoLTE feature phone called 'JioPhone' for Rs 0.

Stay updated on Reliance's 'JioPhone' on company homepage

Reliance Jio's new 4G-enabled smart feature phone will offer free voice calls to customers.

28 Jul 2017 8:49 PM

Ola and Uber drivers and car owners have resorted to listing their cars for sale on Olx following a sharp drop in trip incentives by the companies.

Ola, Uber drivers list cars for sale on Olx as earnings fall

These financially distressed drivers include owners of fleets of cars as well as individual car owners.

28 Jul 2017 6:53 PM

Amazon's net profits tanked 77 per cent to USD 197 million (Rs 1,264 crore) in the June quarter.

Amazon reports 77 per cent in Q2; will continue to invest in India

Since January 2017, Amazon has pumped in USD 600 million (Rs 3,800 crore) in the Indian market.

28 Jul 2017 5:43 PM

Larsen & Toubro Limited posted about 46 percent increase in June-quarter net profit.

L&T June-quarter net profit zooms by 46 per cent bus misses estimates

Analysts on average had expected a net profit of Rs 9.27 billion, according to Thomson Reuters data.

28 Jul 2017 4:56 PM

RP Sanjiv Goenka group on Friday said it has acquired 70 per cent stake of a closely held Gujarat snack company.

Sanjiv Goenka group acquires stake in Gujarat-based snacks company

He said snacks entity is mostly concentrated in Gujarat with an annual revenue of Rs 200 crore.

28 Jul 2017 4:31 PM

Draft of new telecom policy by Dec-end: Telecom secretary

New policy formulation comes at a time when the sector is saddled with financial difficulties.

28 Jul 2017 3:55 PM

Time to focus on continuing Snapdeal journey: Bahl

Snapdeal has announced sale of mobile payment wallet FreeCharge to Axis Bank for Rs 385 crore.

28 Jul 2017 3:20 PM

ONGC had in December last year agreed to buy entire 80 per cent interest of GSPC along with operatorship rights.

ONGC wins govt nod for Rs 7,738 cr GSPC stake buy

Company will also pay part consideration of Rs 1,295 crore to GSPC towards acquisition rights.

28 Jul 2017 2:40 PM

The apex court also refused to stay on Delhi High Court's order.

Share transfer case: SC dismisses Spicejet's plea, asks to pay Rs 579 crore

Court has ordered that Rs 250 crores be paid by cash deposit till August 31.

28 Jul 2017 2:00 PM

Net NPAs rose to 4.86 per cent of the net loans from 3.01 per cent a year earlier.

ICICI Bank shares dip 3 per cent after Q1 results

Bank's net profit in the corresponding April-June quarter of 2016-17 stood at Rs 2,515.85 crore.

28 Jul 2017 12:22 PM

The stock after making a positive opening further gained 2.16 per cent to Rs 294.90 on BSE

ITC shares up over 2 per cent post Q1 results

ITC's net sales during period under review was up 4.29 per cent to Rs 13,722.21 crore as against Rs 13,156.68 crore.

28 Jul 2017 12:16 PM

Aadhaar is 10-digit unique identity given to every Indians.

FIR against Ola firm Qarth Technologies for Aadhaar data theft

Case filed under sections 65 and 66 of IT Act and sections 120B, 468 and 271 of IPC, report says.

28 Jul 2017 12:15 PM

Vijay Mallya is living in UK in a self-imposed exile.

Return $40 million given as exit pay: Diageo to Mallya

Diageo has also stopped payment of $7 mn a year and sought compensation for losses from Mallya.

28 Jul 2017 11:26 AM

Average revenue per user would increase to Rs 450-500 in the next 5 years from current industry average of Rs 150-160.

NCLT approves Dish TV-Videocon D2h merger

Merged entity would have a subscriber base of over 27.2 mn creating largest DTH service provider in industry.

28 Jul 2017 9:56 AM

Coal import has fallen from 217.78 million tonnes in 2014-15 to 203.95 MT in 2015-16 and further to 190.95 MT in 2016-17.

India's coal import declines 8 pc in Q1 to 53 MT: Govt

Vendible stock of CIL has increased from 53.62 MT as on April 1, 2015 to 61.92 MT as on April 1, 2017.

28 Jul 2017 9:32 AM

Amazon boss is the richest person

Intra-day trade helps Jeff Bezos move past Microsoft co-founder Bill Gates’s net worth.

28 Jul 2017 2:16 AM

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Shashi Warrier