Companies

RIL consolidated profit rises 13.5pc to record Rs 11,640cr in Q3

January 17, 2020 8:38:04 pm

Reliance Industries Limited financial results December 2019: The scrip of the country's most valued firm jumped 2.79 per cent to close at Rs 1,580.65 on the BSE. During the day, it climbed 3 per cent to Rs 1,584.80.

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Vodafone Idea shares nosedive over 39%

January 17, 2020 2:01:33 pm

The Supreme Court had on October 24 ruled that the statutory dues need to be calculated by including non-telecom revenues in what is known as adjusted gross revenues (AGR) of telcos.

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Drug regulator flags 47 medicines for failing quality tests

January 17, 2020 12:49:39 am

Abbott’s Udiliv, Mankind’s Ferikind-M and Torrent’s Lorvas among flagged.

Piyush Goyal snubs Amazon chief Jeff Bezos: No great favour if you invest $1 bn in India

January 17, 2020 7:46:49 am

Amazon CEO Jeff Bezos had said Wednesday that the firm would invest $1 billion into India to “digitise” micro, small and medium enterprises.

IOC tops seven Indian firms on Fortune 500 list, RIL jumps 53 places

IOC to decide on bidding for BPCL after govt lays out rules: Chairman

January 16, 2020 5:06:09 pm

The Cabinet Committee on Economic Affairs had on November 21, 2019, decided to sell government's entire 53.29 per cent stake in country's second-largest state refiner BPCL, but a tender for sale hasn't yet been issued.

GMR Infra hits 52-week high as firm decides to sell 49% stake in airport business

January 16, 2020 1:58:21 pm

GMR Infra said that it has agreed to divest 49 per cent in GMR Airports Limited, up from previously agreed 44.44 per cent, to TRIL Urban Transport Private Limited (part of TATA Group), an affiliate of GIC and SSG Capital Management.

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Cuttack to Delhi, Amazon for $2-bn annual exports by Indian sellers

January 16, 2020 7:55:20 am

So far, Amazon has invested close to $5 billion in India across verticals such as marketplace, sellers services, payments, etc

Competition Commission probe against Asian Paints

January 16, 2020 3:26:22 am

The Commission has asked the Director General of CCI to conduct an independent probe and submit its report in 60 days from the date of the order.

Airtel raises $2 billion via QIP, $1 billion through FCCBs

January 16, 2020 3:23:52 am

After the $2 billion QIP, the holding of promoter and promoter group will come down to 58.98 per cent as against 62.70 per cent, the company said.

Tata Altroz gets 5-star adult safety rating in Global NCAP test

January 15, 2020 5:00:27 pm

Altroz has become the second passenger vehicle brand after Nexon to get the 5-star adult safety rating from the Global NCAP.

Sebi rejects Axis Bank’s plea in Karvy Stock Broking matter

January 15, 2020 4:29:46 pm

Axis Bank had moved Securities Appellate Tribunal (SAT) seeking the shares pledged by Karvy Stock Broking Ltd (KSBL) to the lender be unfrozen, so that it can invoke the pledges.

McDonald’s India partners with Zomato for food delivery in North and East India

January 15, 2020 3:23:41 pm

Customers in North and East India will now be able to order McDonald's food items on Zomato and get it delivered to their doorstep.

Bharti Airtel special committee clears issue price, other modalities of $3 billion fund raising

January 15, 2020 1:46:16 pm

Earlier this month, shareholders of Bharti Airtel had approved proposals to raise up to USD 2 billion (over Rs 14,000 crore) in equity and another USD 1 billion (around Rs 7,000 crore) in debt.

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Amazon to invest $1 billion for digitising small and medium businesses in India: Jeff Bezos

January 15, 2020 1:34:41 pm

The Amazon boss has also said that the India-US alliance will be most important in the 21st century.

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Supreme Court allows Vedanta unit to bid for Nalco’s excess alumina

January 15, 2020 4:44:18 am

Nalco had contended that if Vedanta would like to bid for the surplus alumina, it must do so through its UK unit.

Bajaj Auto launches Chetak electric scooter at starting price of Rs 1 lakh

January 14, 2020 6:51:31 pm

The electric variant of the iconic Chetak will initially be available in Bengaluru and Pune, Bajaj Auto said.

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SC permits ED to attach JP Morgan’s India properties for alleged FEMA violation

January 14, 2020 3:59:27 am

The ED had told the court last year about the alleged FEMA violations and that it had recorded the statement of the company’s country head in this regard.

CCI initiates probe against Flipkart, Amazon on ‘deep discounting’

January 14, 2020 3:54:01 am

The anti-trust body ordered the probe on a complaint by Delhi Vyapar Mahasangh, a micro, small and medium scale enterprise body.

JSW wants immunity from probe; NCLAT seeks ED, MCA reply

January 14, 2020 4:00:24 am

If the probe agencies wanted to continue pursuing Bhushan Power in their case of money laundering, they must explain the reasons for the same, the NCLAT said.

Sebi defers deadline to split CMD post for companies by two years

January 13, 2020 5:05:00 pm

Under the Sebi norms, the top 500 listed entities by market capitalisation were mandated to comply with the requirement of separation of the roles of chairperson and managing director (MD) or chief executive officer (CEO) with effect from April 1, 2020.