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COMPANIES NEWS - Page 197
Reliance Jio launches rental of Rs 49 for its feature phone users
January 26, 2018 00:39 IST
“JioPhone users will enjoy free voice calls and unlimited data (1GB at high speed) for 28 days at a price of only Rs 49. Jio is also introducing affordable data add-ons at Rs 11, 21, 51 and 101,” the company said in a statement.
Alphabet unveils business unit devoted to cyber security
January 25, 2018 11:35 IST
The cyber security initiative reflects Alphabet's desire to expand beyond its core online advertising business at Google and become a major player in enterprise computing technology.
Idea’s loss widens to Rs 1,352 crore in Q3
January 25, 2018 01:51 IST
The firm’s Ebitda declined 18.5% q-o-q to Rs 1,223 crore, while the Ebitda margins came in lower by 130 bps
ONGC borrows 4,000 crore from ICICI Bank for buying HPCL
January 24, 2018 18:06 IST
The acquisition would create India's first integrated oil company. This would be ONGC's biggest acquisition and second buyout this fiscal after its Rs 7,738 crore acquisition of 80 per cent stake in Gujarat State Petroleum Corp's KG basin gas block.
Tesla still welcome in India, says Nitin Gadkari, after Elon Musk picks China for factorySubscriber Only
January 24, 2018 15:10 IST
Tesla, which last year picked China for its first assembly plant outside of California, had held months of public and private discussions with India before opting for the Chinese site.
Toys ‘R’ Us to shut about 180 US stores
January 24, 2018 09:26 IST
The company filed for Chapter 11 bankruptcy protection in September, just ahead of the crucial holiday season, to restructure $5 billion of long-term debt.
Wipro stock slips over 2 per cent post December quarter results
January 22, 2018 17:33 IST
On the BSE, its stock settled for the day at Rs 320.80, down 2.33 per cent from the previous close
NCLT seeks McDonald’s reply to notice on contempt plea
January 22, 2018 16:16 IST
Vikram Bakshi had moved the contempt plea in September 2017 alleging that the fast-food major's decision to terminate his franchise licence with regard to 169 outlets run by their 50-50 joint venture Connaught Plaza Restaurant Ltd (CPRL) violated the NCLT order of July 13, 2017
Twitter to notify users exposed to Russian propaganda during U.S. elections
January 20, 2018 09:44 IST
Twitter executives on Wednesday told U.S. lawmakers that it may notify the users about the Russian propaganda. The company in September said it had suspended about 200 Russian-linked accounts, and followed it by suspending adverts from media outlets Russia Today and Sputnik in October.
Patanjali products enter fair price shopsSubscriber Only
January 20, 2018 09:06 IST
Till now, Patanjali sold its products in the state either through its own outlets or franchise stores.
Honda Cars India recalls over 22,800 vehicles
January 20, 2018 01:57 IST
According to the company, the recall would affect 510 units of the premium sedan Accord, 22,084 units of the City and 240 units of the Jazz.
Higher refining margins, Jio boost RIL net by 25.1 per cent
January 20, 2018 01:52 IST
Reliance-Jio reported net profit of `504 cr for Q3 against losses of `5.15 cr in Dec 2016
Amul cuts milk, ghee, curd, buttermilk prices in GujaratSubscriber Only
January 20, 2018 08:03 IST
RS Sodhi, managing director of GCMMF told The Indian Express that the price reduction was aimed at particular market segment so that the dairy could accommodate an increase in daily procurement of milk.
Reliance Industries Q3 net surges 25 percent to Rs 9,423 crore; Jio turns profitable
January 19, 2018 19:16 IST
Jio, the world's largest and fastest growing mobile data network, had a subscriber base of 160.1 million at the end of December.
Honda recalls over 22,000 Accord, City and Jazz cars in India over faulty airbags
January 19, 2018 16:45 IST
The latest exercise takes the overall number of recalled vehicles, equipped with airbags manufactured by Takata, by the company to 3.13 lakh units in India.
HDFC Bank Q3 net rises 20.10% to Rs 4,642.6 crore
January 19, 2018 13:38 IST
Total income rose to Rs 24,450.44 crore during the December quarter, up 17.84 per cent from Rs 20,748.27 crore in the year-ago period.
HCL Tech Q3 net profit up 6 per cent to Rs 2,194 crore
January 19, 2018 12:39 IST
The Noida-based firm had posted a net profit of Rs 2,070 crore in the year-ago period, it said in a statement.
Ex-CFO Rajiv Bansal’s severance payout: Infosys gets notice from SEBISubscriber Only
January 19, 2018 07:39 IST
In October 2017, the company said that its Board “reaffirms the previous findings of external investigations that there is no merit to the allegations of wrongdoing”.
Bharti Airtel Q3 net profit declines 39 per cent to Rs 306 crore
January 19, 2018 01:28 IST
Bharti Airtel invested Rs 6,465.7 crore in October-December 2017 period and installed around 32,000 mobile broadband sites in India.
Moody’s says Ambani’s Jio may spend $23 billion to build serviceSubscriber Only
January 18, 2018 14:02 IST
Jio is also gearing up for newer data-heavy services that can connect homes, businesses and cars to the Internet.
Uber nearing autonomous cars without human backup driver
January 18, 2018 09:42 IST
San Francisco-based Uber started carrying passengers with autonomous vehicles in 2016, first with two Uber employees on board.
Hindustan Unilever Q3 profit jumps 28 per cent
January 18, 2018 01:57 IST
Total expenses during the quarter under review stood at Rs 7,036 crore as against Rs 7,067 crore in the corresponding period previous fiscal.
Lloyd’s targets $10 million business from India within one year
January 18, 2018 01:55 IST
Lloyd’s has mobilised a premium income to the tune of $240 million from its Indian operations during 2017, showing an increase of 11 per cent over 2016.
After Mukesh Ambani, now Adani Group to invest in West BengalSubscriber Only
January 17, 2018 15:32 IST
Announcing the company’s investments plans for the state, Pranav Adani said, “Currently our investments in West Bengal are Rs 750 crores and we expect to double the investment in next five years."
Patanjali Ayurved goes online, aims over Rs 1,000 crore sales in 2018
January 16, 2018 16:49 IST
"We have created the annual production capacity worth Rs 50,000 crore, the highest in FMCG sector so far at Haridwar and Tejpur, Assam. Besides work is in progress at full speed at Noida, Nagpur and Indore as well," said Baba Ramdev.
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