Business, Companies, 29th Aug 2018, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 03:46 PM IST

Business Companies 29 Aug 2018

Business, Companies, 29 Aug 2018

In a bid to crackdown on spread of fake news on its platform, WhatsApp on Wednesday said it is rolling out radio campaigns across various Indian states, asking people to check the veracity of information received as a forward before they share it with others.

WhatsApp kicks off radio campaigns in India to tackle fake news

The Facebook-owned company has been on an overdrive after it faced severe criticism from the government over circulation of fake news.

29 Aug 2018 7:09 PM

The disinvestment of loss-making Air India will not happen in "near future", a senior government official today told a Parliamentary panel, according to sources.

Air India disinvestment will not happen in near future: Govt official

The carrier's debt burden was more than Rs 48,000 crore at the end of March 2017.

29 Aug 2018 7:04 PM

Reliance Infrastructure (RInfra) on Wednesday said it has completed the Rs 18,800-crore deal for sale of its Mumbai energy business to Adani Transmission, which will help it pare debt by two-thirds to Rs 7,500 crore.

RInfra completes Rs 18,800-crore Mumbai power business sale to Adani

Ambani said the deal will help cut the company's overall debt to Rs 7,500 crore from the earlier Rs 22,000 crore.

29 Aug 2018 6:57 PM

Instagram will now let its users evaluate the authenticity of accounts, a measure that the photo-sharing platform believes can help stop "bad actors" before they cause harm.

Instagram to let users evaluate authenticity of accounts

The Facebook-owned company is also launching a global verification form for notable public figures.

29 Aug 2018 4:18 PM

IT services major Wipro on Wednesday said it has bagged a multi-year business process services engagement from Denmark-based Falck.

Wipro bags multi-year business process services deal from Falck

This engagement will help Falck increase operational efficiency and achieve data and process consistency.

29 Aug 2018 4:07 PM

The IOC is pumping in Rs 143.46 crore to set up the plant at Agartala that will have an installed bottling capacity of 60,000 metric tonne per annum (MTPA). (Photo: PTI)

IOC to invest Rs 286 cr to expand LPG bottling output in north-east India

Company currently has 10 bottling plants across north east and these are functioning at over 100 pc utilisation rate.

29 Aug 2018 2:37 PM

The new aircraft will also help the airline enhance the frequency of flights between Hyderabad and Bengaluru.

AirAsia India inducts 19th aircraft; adds 2 new routes

The airline is focused on expanding its presence in tierII/III cities, providing affordable airfares.

29 Aug 2018 1:43 PM

Bharti Airtel on Wednesday said its DTH arm Bharti Telemedia has received government's approval for transfer of its 15 per cent stake to private equity firm Warburg Pincus.

Airtel gets govt nod to offload 15 pc stake in DTH arm to Warburg Pincus

The said approval has been granted by the Ministry of Information and Broadcasting.

29 Aug 2018 12:49 PM

The National Company Law Appellate Tribunal (NCLAT) on Wednesday admitted a petition moved by outsted Tata Sons Chairman Cyrus P Mistry against a Mumbai-bench of the company law tribunal order upholding his removal.

NCLAT admits Mistry's petition against order upholding his removal

Mistry had yesterday filed the petition in his personal capacity.

29 Aug 2018 12:25 PM

The plea has claimed that his arrest was illegal as no grounds for arrest were communicated to him orally or in writing by the probe agency at the time of arrest.

HC directs interim release of Bhushan Steel's erstwhile promoter Neeraj Singal

The court granted Singal interim relief on furnishing of a personal bond of Rs 5 lakh and two sureties of Rs 2 lakh each.

29 Aug 2018 12:01 PM

Gross NPAs at the end of the quarter ended June 30, 2018 were Rs 82,888.79 cr¬ore, which was a rise of 43 per cent over the same time last year.

PNB eyes IBC route for Rs 6,000 crore power NPA recovery

PNB will go for the NCLT route of recovery rather than debt restructuring with companies.

29 Aug 2018 9:22 AM

The company expects to save about 3.7 billion rupees this year on maintenance costs and expects a reduction of 6.5 billion rupees starting January 1, 2019. (Photo: PTI/File)

Jet Airways seeks to reassure investors with cost-cutting plan

The airline’s net debt as of June 30 was 73.64 billion rupees.

29 Aug 2018 8:27 AM

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Dilip Cherian