Companies News

Disclosure of Nil Divergence as per regulatory norms: Yes Bank

Disclosure of Nil Divergence as per regulatory norms: Yes Bank

The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018.

Feb 20, 2019, 13:10 PM IST
Supreme Court asks Anil Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term

Supreme Court asks Anil Ambani to pay Rs 453 crore to Ericsson within 4 weeks or face 3-month jail term

Ericsson had sought action against Ambani and others for failing to pay Rs 550 crore towards settlement to the company.

Feb 20, 2019, 10:45 AM IST
TCS partners Nanoheal to provide self-healing device management solutions

TCS partners Nanoheal to provide self-healing device management solutions

The Nanoheal platform provides smart, simple, hands-off tools to automate nearly 90 percent of workspace management operations.

Feb 19, 2019, 18:13 PM IST
IndianOil denies Aadhaar data leak claims by French researcher

IndianOil denies Aadhaar data leak claims by French researcher

Indane is a LPG brand owned by the Indian Oil Corporation (IndianOil).

Feb 19, 2019, 18:06 PM IST
ABB wins Rs 270 crore train technologies order for Indian Railways

ABB wins Rs 270 crore train technologies order for Indian Railways

ABB’s traction solution is based on the latest technology to bring more reliable trains to passengers.

Feb 19, 2019, 16:51 PM IST
Sachin Bansal invests Rs 650 crore in Ola

Sachin Bansal invests Rs 650 crore in Ola

Bansal, last year left Flipkart after the US retail giant Walmart picked up 77 percent stake in the e-commerce company for USD 16 billion.

Feb 19, 2019, 14:52 PM IST
Govt relaxes norms, investment limit for angel tax concession to startups

Govt relaxes norms, investment limit for angel tax concession to startups

Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.

Feb 19, 2019, 13:33 PM IST
63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

63 Moons serves legal notices to Chidambaram, 2 civil servants; to seek Rs 10,000 cr damages

Chidambaram was finance minister when the NSEL crisis came to light in late 2013.

Feb 19, 2019, 10:14 AM IST
Ambuja Cement posts net profit of Rs 1,378 cr for December quarter

Ambuja Cement posts net profit of Rs 1,378 cr for December quarter

Its profit after tax includes write-back of tax provisions related to earlier years amounting to Rs 873 crore, the company said.

Feb 19, 2019, 10:13 AM IST
SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

SBI to waive loans taken by slain CRPF personnel; to expedite insurance payments

In a release, the bank announced a special initiative for the CRPF soldiers who were martyred in a dreadful terrorist attack in Pulwama, Jammu and Kashmir.

Feb 19, 2019, 10:11 AM IST
Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore

Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore

The stake sale proceeds will be used to pare promoter debt, which was used in creation of assets like cement and solar power, among others, it added.

Feb 19, 2019, 10:10 AM IST
Yes Bank shares pare most of early losses, end 2.5% lower

Yes Bank shares pare most of early losses, end 2.5% lower

The company's shares closed 2.54 percent lower at Rs 213.15 on BSE. During the day, it plunged 8 percent to Rs 201.

Feb 18, 2019, 18:25 PM IST
Reliance Group shares in demand; zoom up to 11.3%

Reliance Group shares in demand; zoom up to 11.3%

Under the pact, the Group will pay the principal and interest amounts to the lenders as per the scheduled due dates.

Feb 18, 2019, 18:23 PM IST
Nestle India plans up to 3-dozen product launches in 2019, eyes higher exports

Nestle India plans up to 3-dozen product launches in 2019, eyes higher exports

Nestle India, at present, has eight factories across the country.

Feb 18, 2019, 18:22 PM IST
IOC signs $1.5 bn deal to buy US crude oil

IOC signs $1.5 bn deal to buy US crude oil

This is the first time any Indian refiner has signed an annual contract since the country in 2017 began importing crude oil from the US.

Feb 18, 2019, 18:19 PM IST
Aircel-Maxis case: Court extends interim protection from arrest to Karti, P Chidambaram till  March 8

Aircel-Maxis case: Court extends interim protection from arrest to Karti, P Chidambaram till March 8

It is alleged that FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by Chidambaram.

Feb 18, 2019, 10:49 AM IST
Vijay Mallya files for permission to appeal against extradition order

Vijay Mallya files for permission to appeal against extradition order

Vijay Mallya has made the application in the Administrative Court division of the High Court.

Feb 15, 2019, 17:58 PM IST
Jet Airways debt recast: Lenders to have largest shareholding

Jet Airways debt recast: Lenders to have largest shareholding

The plan proposes restructuring, under the provisions of the Reserve Bank of India's February 12, 2018 circular, to meet a funding gap of nearly Rs 8,500 crore.

Feb 15, 2019, 13:33 PM IST
ONGC net profit jumps 65% in Q3

ONGC net profit jumps 65% in Q3

Net profit in October-December 2018 at Rs 8,262.70 crore, or Rs 6.44 per share, was higher than Rs 5,014.67 crore, or Rs 3.91 a share, net earning in the same period of the previous fiscal, the

Feb 15, 2019, 13:32 PM IST
Jet Airways posts consolidated net loss of Rs 732 crore in Q3

Jet Airways posts consolidated net loss of Rs 732 crore in Q3

The company had posted a standalone net profit of Rs 165.25 crore in the same quarter previous fiscal, Jet Airways said in a statement.

Feb 15, 2019, 13:30 PM IST