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  Business   Companies  31 May 2017

Business, Companies, 31 May 2017

Jet airways to lease aisle aircraft in the fleet

The city-headquartered airline currently has 103 aircraft in the fleet, with 69 of them B-737s.

31 May 2017 8:29 PM

IKEA announces acquisition of its 1st land parcel in B'luru

The land has been acquired from Bangalore Metro Rail Corporation for an undisclosed sum .

31 May 2017 8:05 PM

April infrastructure output growth slows down to 2.5 per cent

The growth was dragged down by a slowdown in refinery output and a contraction in coal production, government data showed on Wednesday.

31 May 2017 6:03 PM

Sugar output expected to jump on decent monsoon

India was forced to import 500,000 tonnes of sugar in the 2016-17 crop year.

31 May 2017 4:42 PM

Kingfisher house sale proves to be a damp squib

Despite cut in the reserve price the house went unsold in the auction

31 May 2017 4:03 PM


Vodafone challenges TRAI's Rs 1,050 cr penalty in HC

Delhi HC issues notice to TRAI and seeks reply to Vodafone's plea; will hear matter on July 19.

31 May 2017 3:45 PM

Gold plunges Rs 250 on global cues, muted demand

Gold of 99.9 per cent and 99.5 pc purity slumped by Rs 250 each to Rs 29,100 and Rs 28,950 per 10 grams, respectively.

31 May 2017 3:08 PM

CIL to rename sales and marketing wing

The board of directors had advised the 'Sales & Marketing' department of CIL should be renamed as 'Marketing & Sales Department'.

31 May 2017 2:25 PM

RBI may introduce bank account number portability

RBI deputy governor S S Mundra says idea can be a reality with technological innovations in place.

31 May 2017 1:52 PM

Reliance communication shares tank

Shares tanked 9.5 per cent after Moody's downgraded the company's corporate family rating.

31 May 2017 1:47 PM


Mahindra shares soares increase in PAT

Shares soared over 6 per cent after the company reported a 19.93 per cent increase.

31 May 2017 1:01 PM

No bidders for Mallya's Kingfisher House for 5th time

Lenders said they expected after auction of Kingfisher Villa they would be able to sell Kingfishr House also.

31 May 2017 11:57 AM

Pain from phone wars extends beyond RCom's sibling spat

RCom said it was in talks with banks to defer loan repayments due over next four months.

31 May 2017 10:39 AM

N Chandrasekaran took home Rs 30 cr as TCS CEO in FY17

As the CEO of TCS, he earned Rs 2.44 crore in basic salary, Rs 25 crore as commission and Rs 2.7 crore in allowances.

31 May 2017 10:22 AM

Jet Airways Q4 net nosedives to Rs 23 cr on low fare

In the fourth quarter of 2016 fiscal, the carrier saw total revenue rise over three per cent to Rs 5,728 crore.

31 May 2017 10:19 AM


Moody's downgrades RCom; company says will clear debt by Sep 30

Reliance Group company today said that it has told lenders that it would repay Rs 25,000 cr before Sept 30.

31 May 2017 10:18 AM

SAIL narrows loss to Rs 771.3 crore in Q4

Shares of the company closed at Rs 58.45 on the BSE, down 0.43 per cent from the previous close.

31 May 2017 10:16 AM

Niti Aayog backs startegic sale of loss-making Air India

Aayog report comes amidst talks that govt may go for divestment of ailing airline.

31 May 2017 9:50 AM

USL to start selling properties previously owned by Mallya

USL parent Diageo had given Mallya a $75-million severance package as part of parting deal.

31 May 2017 9:16 AM