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  Business   Companies  31 May 2018

Business, Companies, 31 May 2018

No bids received for Air India stake sale, says govt

The government has proposed to offload 76 per cent equity share capital of the national carrier.

31 May 2018 7:09 PM

Idea completes sale of 9,900 mobile towers to ATC for Rs 4,000 crore

ATC has already completed acquisition of Vodafone India's mobile tower for Rs 3,850 crore.

31 May 2018 6:22 PM

EESL in talks with Telangana, MP, Rajasthan to supply electric vehicles

Tata Motors and Mahindra & Mahindra had emerged as successful bidders in the first tender of the EESL for 10,000 cars.

31 May 2018 5:26 PM

BSNL inks partnership with Call2Action Communication

After a telecom subscriber gives consent and indicates his areas of interest, advertisements will be pushed to the screen.

31 May 2018 5:07 PM

Tata Motors inks MoU to deploy 1,000 EVs in Maharashtra

Tata Motors along with Tata Power will also facilitate setting up of EV charging stations in the Maharashtra.

31 May 2018 3:56 PM

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Copper plant closure won't affect Vedanta's cash flow much, says S&P

Vedanta will likely need to reconfigure such financing, including fresh local borrowings.

31 May 2018 2:55 PM

Amid soaring petrol and diesel rates, IOC becomes most profitable PSU

Reliance Industries retained the crown of being India's most profitable company for the third year in a row.

31 May 2018 1:49 PM

RCom shares in demand after NCLAT stays bankruptcy proceedings

The stock jumped 19.14 per cent to Rs 20.85 on BSE. At NSE, shares of the company zoomed 20 per cent to Rs 21.

31 May 2018 1:33 PM

ONGC shares gain nearly 4 per cent after Q4 results

The board of directors of ONGC recommended a final dividend of Rs 1.35 per share (27 per cent).

31 May 2018 1:14 PM

Amazon blocks Australia from global sites over new tax laws

Amazon only launched a local Australian site last December, shipping from a warehouse in Melbourne with another planned in Sydney.

31 May 2018 12:45 PM

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L&T Shipbuilding's auditors raise 'going concern' doubts

The company's losses narrowed to Rs 348.34 crore in FY17 as against Rs 711.71 crore in the previous fiscal.

31 May 2018 12:23 PM

Reliance to halt oil imports from Iran: sources

In 2017, Reliance’s oil imports from Iran surged by about 45 per cent to 67,000 bpd, according to ship tracking data.

31 May 2018 10:51 AM

RCom plans USD 2.68 bn asset sale to Jio, Brookfield in next few weeks

RCom’s consolidated net loss widened to 198.27 billion rupees in the quarter to March.

31 May 2018 10:18 AM

No bidder for Air India a day before deadline

Private firm Ernst and Young has been appointed the “Transaction Adviser” (TA) for the process.

31 May 2018 5:50 AM

Bank strike may cost Rs 20,000 crore

The chamber also urged the government to come up with a stimulus plan for restoring the health of public sector banks.

31 May 2018 2:11 AM

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