Companies

Essar Steel resolution helps ICICI Bank net jump 158 per cent

January 26, 2020 4:45:21 am

While the bank saw bad loan recoveries and upgrades worth Rs 4,088 crore during the third quarter, provisions declined 51 per cent to Rs 2,083 crore during the quarter as against Rs 4,244 crore during the same period last year.

Family’s fortune tumbles $1.5 billion since Muddy Waters attack

January 25, 2020 7:37:51 pm

The latest blow came Friday after a filing revealed the Shettys pledged more than half their stake in Finablr to secure loans. The payment processor’s shares tumbled as much as 34% in London.

Doing biz in India for Japanese companies difficult compared to China: Maruti official

January 24, 2020 7:18:50 pm

The comments from the Japanese car manufacturer on difficulties faced in doing business comes despite India improving its score in the World Bank’s global Ease of Doing Business rankings where it rose 14 notches to be placed 63rd among 190 countries in October 2019.

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Godrej Properties rises over 3 per cent on launch of luxury housing project at iconic RK Studios’ site

January 24, 2020 1:25:48 pm

In May last year, the company had announced the acquisition of the land in Chembur to develop mixed-use project comprising luxury flats and retail space.

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Airtel’s chief regulatory officer quits

January 24, 2020 12:31:59 pm

An Airtel executive confirmed the development but did not disclose the reason behind Gandhi's departure. People close to Gandhi said he resigned a month ago and was currently serving his notice period.

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Tata-Mistry dispute: SC stays NCLAT order dismissing RoC plea seeking modification of verdict

January 24, 2020 4:36:44 pm

Tata-Cyrus Mistry dispute: The Supreme Court said it would hear the matter along with the main plea filed by Tata Sons against NCLAT's verdict.

Sebi to tap AI, big data analytics to curb market manipulations

January 24, 2020 5:53:36 am

Speaking at an event, Sebi chairman Ajay Tyagi said a lot of improvement and efficiency can be brought by using advanced technology and data analytics in surveillance of capital markets.

DHFL administrator orders legal audit of wholesale loan book

January 24, 2020 6:00:37 am

The wholesale loan portfolio aggregating Rs 47,136.57 crore has been fair-valued at Rs 42,284.50 crore as on September 30, based on internal valuations done prior to September 2019.

Exclusive: Mondelez India settles Rs 580 crore tax dispute case under Centre's amnesty scheme

Mondelez India settles tax dispute under Sabka Vishwas Scheme; pays Rs 439 crore

January 24, 2020 5:45:34 am

The Sabka Vishwas (Legacy Dispute Resolution) Scheme, was a one-time measure for liquidation of past disputes of Central Excise and Service Tax as well as to ensure disclosure of unpaid taxes by a person eligible to make a declaration.

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No coercive action against telcos not paying dues: DoT

January 24, 2020 7:20:24 am

A detailed status report of compliance, or otherwise may be sent to the CGCA (Controller General of Communication Accounts) TSP (telecom service provider) wise on 24.01.2020 by 5 PM,” the DoT letter, sent out by the Licensing Finance Policy Wing of the DoT, said.

MG Motor launches electric SUV ZS EV in India priced at Rs 20.88 lakh

January 23, 2020 5:54:50 pm

The ZS EV Excite is available at Rs 20.88 lakh (ex-showroom Delhi) while ZS EV Exclusive is available for Rs 23.58 lakh, MG Motor India said in a release.

DHFL posts net loss of Rs 6,641 crore in July-September period

January 23, 2020 2:07:29 pm

The company said that the net loss/profit after tax was "fully attributable to the owners of the parent".

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L&T consolidated net up 15.2%; order book jumps

January 23, 2020 5:08:02 am

However, unaudited standalone net profit was at Rs 1,343.50 crore for the December quarter as against Rs 1,634.78 crore in the year-ago period.

Bharti Airtel shares hit 52-week high as DoT approves 100% FDI in the company

January 22, 2020 4:36:56 pm

The scrip of the telecom company rose as much as 2.47 per cent to Rs 524.00 on the BSE while on NSE it climbed 2.34 per cent to Rs 523.75, both 52-week high in their respective exchanges.

Netflix Price Cuts Are Heating Up India’s Streaming War

Netflix subscriber forecast misses Wall Street estimate as market leader faces Disney

January 22, 2020 8:03:47 am

Netflix said it added 8.76 million paid global subscribers in the fourth quarter, boosted by strong releases that included a new season of royal drama "The Crown" and two films nominated for Best Picture Oscars.

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Telecom firms get some time on dues to Govt

January 22, 2020 4:02:33 am

On Monday, Bharti Airtel and Vodafone had moved the court seeking permission to “work out feasible terms mutually with DoT” to ensure they remained a “going concern”.

ED attaches Rs 10 crore assets in 'Islamic banking' Bengaluru ponzi scam

Will continue to probe Bhushan Power; IBC ordinance won’t shelter JSW: ED

January 22, 2020 4:37:06 am

During the last hearing, JSW Steel had also said that the Centre’s recent ordinance on IBC would cover it as well.

Maruti’s concept electric SUV to be premiered at Auto Expo

January 22, 2020 5:04:50 am

While the car is a concept and showcases MSI’s way forward on developing electric cars, the carmaker said that with Futuro-e, it is going away from the conventional design language and it is experimenting to bring a complete new offering for customers.

Hyundai launches compact sedan Aura in India starting at Rs 5.80 lakh

January 21, 2020 5:45:54 pm

The new Hyundai Aura features three engine variants all of which are BS-VI compliant - 1.2 Litre ECOTORQ diesel engine, Kappa 1.0 Litre Turbo GDI petrol and 1.2 Litre MPI petrol. Buyers can also select between automatic and manual transmission in the 1.2-litre petrol and diesel engine variants.

Bengal: Bikes used for commercial purposes to be taxed soon

Info Edge shares erase morning gains, end nearly 2% lower on NSE

January 21, 2020 6:24:11 pm

Info Edge (India) shares rose as much as 3.36 per cent to Rs 2,676.10 apiece on the BSE, while on NSE, it climbed 3.21 per cent to Rs 2,675.00 per share after Zomato aquired Uber's food delivery business in India.