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Sunday, July 22, 2018
July 22, 2018 1:31:07 am

The net profit was supported by lower tax outgo of Rs 59.66 crore compared with Rs 96 crore a year ago. The company’s plant load factor (PLF) from coal-based power plants barring 3,960-Mw Sasan Ultra Mega Power Project (UMPP), dropped in April-June quarter.

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July 22, 2018 5:05:24 am

For the six – Flipkart, Snapdeal, Paytm, Ola, Zomato and the latest entrant Swiggy – it was the quest for capital to scale their businesses that was easily available from entities across the border that had the founders dilute their stakes in their ventures.

July 21, 2018 1:33:31 am

The company reported a net profit of Rs 2,093 crore while consolidated revenues stood at Rs 14,827 crore, registering a sequential growth of 3.6 per cent. The company’s flagship IT services revenues stood at Rs 13,700 crore.

Sebi plans rules to bring CAs, company secys under ambit
July 21, 2018 1:10:41 am

PACL had submitted a proposal to the committee to recover over Rs 15,000 crore in two years. According to the proposal, the company offered to bring in buyers to purchase its assets for a total consideration of at least Rs 15,000 crore.

July 20, 2018 5:21:14 pm

Wipro's focus will be to modernise Alight's core technology assets and further automate its operations to enhance the user experience of Alight's end customers, it said.

IIT-Kharagpur, Munich university join hands for centre on Intelligent Transportation Systems
July 20, 2018 3:08:55 am

JSW Steel is one of India’s leading steel makers with a total capacity of 18 million tons per annum. It has plants in Karnataka, Tamil Nadu and Maharashtra. JSW Steel has also joined hands with Numetal to bid for Essar Steel.

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July 19, 2018 1:36:45 am

While main promoter HDFC will dilute 4.08 per cent to the public through the offer, foreign partner Standard Life will sell 8.1 per cent of its holding in the fund house, one of the largest among the private players.

Gujarat: ED attaches assets worth Rs 3.97 crore in Jamnagar land grab case
July 19, 2018 1:32:25 am

Owners of Sterling Group, Nitin Sandesara and Chetan Sandesara, floated close to 300 shell firms to fraudulently move and layer the loan money abroad, as per the chargesheet.

NCLAT agrees to hear NuMetal, ArcelorMittal petition in Essar Steel case
July 19, 2018 1:19:11 am

Earlier on May 22 it had ordered status quo on the insolvency of Essar Steel for two months as it admitted petitions of Numetal and ArcelorMittal over the bidding eligibility.

Texas Instruments, Chief Executive Officer Brian Crutcher, Chairman Rich Templeton, Brian Crutcher resigned, code of conduct violation, world news, Indian Express
July 18, 2018 1:25:11 pm

Brian Crutcher, who was appointed chief executive officer and president on June 1, has worked at Texas Instruments for the past 22 years, holding various positions including executive vice president and chief operating officer.

India slaps higher import duties on steel, agri products in retaliation to US tariff hikes
July 18, 2018 3:04:54 am

Operational creditors conoveyed to the NCLAT that their representative was not allowed to attend the meeting. There are 1,700 operational creditors and all of them would be wiped out if their money is not recovered, they said.

Videocon approaches NCLT to list all insolvency cases together
July 18, 2018 3:01:07 am

Financial creditors of Essar Steel have filed claims worth Rs 54,917 crore, while those for Bhushan Steel had submitted claims worth Rs 56,079 crore, data from the companies’ websites showed.

July 17, 2018 5:37:02 pm

The Gurugram-based grocery start-up said in its quest to exceed customers' satisfaction, it is currently upgrading operations. Grofers also strongly believes in delivering an unparalleled experience to its buyers, it added.

Glenmark Pharma gets USFDA nod for cholesterol lowering drug
July 17, 2018 1:47:28 pm

The company's current portfolio consists of 138 products authorised for distribution in the US market, and 62 Abbreviated New Drug Applications (ANDAs) are pending approval with the USFDA.

Elon Musk apologises to Thai cave rescue diver for calling him a "pedo"
July 17, 2018 10:50:53 am

Elon Musk's spat with British caver Vernon Unsworth started last week, after rescue teams rejected Musk's offer of a mini-submarine created by his rocket company to help rescue a 12-member soccer team and their coach trapped inside a flooded cave.

July 17, 2018 7:39:48 am

If the EEOC finds Uber broke the law by paying women differently than men for the performing the same jobs, the agency could slap fines on the company as punishment.

July 17, 2018 6:43:48 am

The government owns 85.96 per cent stake in IDBI Bank, while LIC has 7.98 per cent shareholding in the lender, as per the June-end shareholding details available with the Bombay Stock Exchange.

July 17, 2018 12:58:35 am

HUL shares closed at Rs 1,753.85, up 0.73 per cent, on the BSE on Monday.

Amway India partners with the Ministry of Skill Development
July 15, 2018 9:03:06 pm

"Our association with the Ministry of Skill Development and Entrepreneurship is aimed at empowering our direct sellers with government recognised certification in line with Amways vision," said Anshu Budhraja, CEO, Amway India.

Reliance vs PSUs: Battle for ATF pipelines in Mumbai hots up
July 15, 2018 11:08:23 am

Sector regulator the Petroleum and Natural Gas Regulatory Board (PNGRB) on May 4 supported the Reliance idea and sought industry comments on declaring pipelines as a common carrier and giving third parties access.