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Wednesday, June 03, 2020
Kotak Mahindra Bank, Reserve Bank, Kotak Mahindra Bank gets RBI nod, Uday Kotak, business news, india news, indian express

Kotak Mahindra Bank Q4 profit down 4 per cent to Rs 1,952 crore

May 13, 2020 3:19:17 pm

In accordance with the RBI circular dated April 17, it said, the board of directors of Kotak Mahindra Bank has not recommended any dividend for 2019-20.

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Maruti Suzuki resumes operations at Manesar plant on single shift basis

May 14, 2020 8:52:20 am

Operations at both Manesar and Gurugram facilities were suspended since March 22.

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Reliance Industries’ Rs 53,125 crore rights issue: Here’s what you need to know

May 12, 2020 3:19:06 pm

Reliance Industries (RIL) Rights Issue: Reliance Industries (RIL) had earlier announced its plans to raise Rs 53,125 crore through a 1:15 rights issue at a price of Rs 1,257 per share. In its earnings statement for the quarter ended March 2020, RIL had said that this would be India's biggest rights issue.

Renault reopens select dealerships, service centres across India

May 11, 2020 5:07:49 pm

Renault India has opened more than 194 showrooms and workshops in line with the new safety protocols and the remaining touchpoints will be opened in a phase-wise manner based on permissions from the local authorities, the company said in a statement.

SBI General Insurance FY20 profit rises 23 per cent to Rs 412 crore

May 11, 2020 2:52:08 pm

SBI General Insurance's gross written premium (GWP) stood at Rs 6,840 crore in FY20 compared to Rs 4,717 crore in the previous fiscal.

Reliance Industries shares gain nearly 3.5%; market cap surges above Rs 10 lakh crore

May 11, 2020 1:35:25 pm

The scrip rose 3.40 per cent to Rs 1614.85 on the BSE, almost near its all-time high of Rs 1,617.80. During the process, the market capitalisation (m-cap) of RIL too rose above the Rs 10 lakh crore mark.

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Vista Equity Partners to invest Rs 11,367 crore in Jio Platforms

May 9, 2020 2:10:56 am

Vista’s investment will translate into a 2.32 per cent equity stake in Jio Platforms on a fully diluted basis, making Vista the largest investor in Jio Platforms behind RIL and Facebook.

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BMW launches 8 Series Gran Coupe, M8 Coupe in India

May 8, 2020 6:28:19 pm

The BMW 8 Series Gran Coupe is powered by a 3-litre, 6-cylinder in-line BSVI petrol engine. This is the most luxurious sports coupe ever built by BMW. On the other hand, the BMW M8 Coupe, priced at Rs 2.15 crore, has a 4-litre, 8-cylinder "TwinPower" turbo petrol engine with bold, racecar design with superlative aerodynamics.

RIL raises Rs 60,596 crore from Jio Platforms stake sale to Facebook, Silver Lake, Vista Equity Partners

May 8, 2020 1:21:06 pm

The latest deal puts the Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore, as per the data given by RIL in an exchange filing to the BSE. With this latest deal, Jio Platforms has now raised Rs 60,596.37 crore from leading technology investors in less than three weeks.

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Vista Equity Partners picks up 2.32 pc stake in Jio Platforms for Rs 11,367 cr: Statement

May 8, 2020 8:55:05 am

Vista's investment in Jio Platforms Limited will translate into a 2.32 per cent stake, which will make Vista the largest investor in Jio Platforms after Reliance Industries and Facebook.

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GSK offloads stake in Hindustan Unilever for over Rs 25,000 crore

May 8, 2020 3:38:54 am

The GSK sale, at an average price of Rs 1,905 per share, is the largest secondary market trade on Indian stock exchanges.

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Amazon weighs direct investment in Future Retail

May 7, 2020 2:03:48 pm

Amazon, which holds an indirect stake of 1.3% in Future Retail, is in talks with the company’s parent Future Group over the potential stock purchase, said the people, who asked not to be identified as the information is private.

HCL Tech picks seven software products from IBM for $1.8 billion

HCL Tech Q4 net up 22.8% at Rs 3,154 crore

May 7, 2020 11:09:05 am

HCL Tech's revenue grew 16.3 per cent to Rs 18,590 crore in the quarter under review, from Rs 15,990 crore in the corresponding quarter last year, as per US GAAP.

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Delhi HC allows Airtel to refile Jul-Sept 2017 GST returns

May 7, 2020 1:59:31 am

The fresh filing of GST for these months could give Bharti Airtel refunds of as much as Rs 923 crore, which the telco claims it had paid extra since it missed filing a few invoices which led to extra calculation of payable taxes.

Fitch lowers Future Retail’s final rating to ‘CCC’ category

May 7, 2020 1:56:46 am

Kishore Biyani-owned FRL’s $500 million senior secured notes due in 2025 have been assigned a rating of ‘CCC+’ with a recovery rating of ‘RR4’, Fitch said. RR4 indicates average recovery prospects in the event of default.

Cox and Kings Dossier - Part 1: Audit uncovers siphoning of crores, fudging of records and bogus sales

Yes Bank case: ED files chargesheet against Rana Kapoor

May 6, 2020 5:30:31 pm

Kapoor and his family members allegedly got benefits worth Rs 4,300 crore through the companies controlled by them as kickbacks for sanctioning huge loans, the ED has alleged.

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Maruti introduces new norms for dealerships amid COVID-19 pandemic

May 6, 2020 2:53:15 pm

"All our dealerships have put in place steps to ensure complete safety, hygiene and sanitisation of all touchpoints," MSI Managing Director and CEO Kenichi Ayukawa said.

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Bombay HC sets aside temporary bail of former IL&FS vice chairman

May 6, 2020 3:06:24 am

A single-judge Bench of Justice C V Bhadang heard a plea via videoconference filed by the Serious Fraud Investigation Office (SFIO), challenging the order passed by the court on April 28 granting Sankaran temporary bail of 75 days.

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Tata Steel leaves Indian Steel Association; T V Narendran steps down as President

May 5, 2020 12:07:50 pm

Tata Steel CEO and Managing Director (MD) T V Narendran has also stepped down from the Presidentship of the Association, tenure of which was scheduled to end in August.

Hero MotoCorp restarts operations, carmakers prepare to get plants running

May 5, 2020 12:29:17 am

While a senior executive at Hyundai Motors said they will start their plant from May 6, Toyota Kirloskar Motors said they will begin plant preparations including training of staff beginning Tuesday.