Business, Companies, 1st Oct 2018, News & Stories from India

Tuesday, Apr 30, 2024 | Last Update : 12:54 AM IST

Business Companies 01 Oct 2018

Business, Companies, 01 Oct 2018

National carrier Air India on Monday sought bids for the sale of 14 properties, through which the debt-laden airline aims to raise Rs 250 crore, a senior airline official said.

Air India to sell 14 properties; eyes Rs 250 crore

The move is, however, being opposed by its employees' union.

01 Oct 2018 7:36 PM

Public sector telecom operator BSNL will roll out its 4G services in two districts of Telangana next month and extend it to the rest of the state by March 2019, a senior official said on Monday.

Telangana: BSNL to launch 4G services in November

Initially, a pilot project for 4G for testing purpose shall be launched in Jadcherla town.

01 Oct 2018 5:59 PM

Minister of State for Civil Aviation Jayant Sinha on Monday said that the revival package of debt-ridden Air India was at its final stage and would be announced soon.

Revival package of Air India in final stages, says Jayant Sinha

The revival package is being undertaken after the govt failed to divest the national carrier to private operators.

01 Oct 2018 5:37 PM

Seeking to give an impetus to its growth plans, SmartCity Kochi has decided to convert 12 per cent of its allotted 246 acres of land to freehold to promote residential projects.

SmartCity Kochi to convert 12 per cent of 246 acres of land to freehold

This would enable SmartCity undertake developments to promote residential projects.

01 Oct 2018 5:29 PM

GMR Airports Limited, a subsidiary of GMR Infrastructure Ltd has emerged as the highest bidder for the Development, Operations and Management of Dr Babasaheb Ambedkar International Airport at Nagpur on a Public Private Partnership (PPP) basis.

GMR emerges highest bidder for Nagpur Airport project

GMR Airports Limited has submitted the highest revenue share bid and expecting Letter of Award shortly.

01 Oct 2018 1:12 PM

RBI has been taking steps to improve the overall cash situation.

Govt moves NCLT for management change at IL&FS

IL&FS, where LIC is the largest shareholder with 25.34 per cent stake, has a debt burden of over Rs 90,000 crore.

01 Oct 2018 12:43 PM

Shares of the Kolkata-based bank fell as much as 20 per cent to 452.20 rupees, with more than 3.7 million shares changing hands.

Bandhan Bank plunges to all-time low after RBI directive

RBI clamped down on the Indian lender for failing to bring down its main shareholder’s stake to below 40 per cent.

01 Oct 2018 11:21 AM

Last week, the company had filed a petition with the NCLT seeking certain relief in connection with filing of a scheme of arrangement under Section 230 of the Companies Act.

Rs 15,000 crore lifeline for IL&FS

The shareholders gave nod to raise as much as Rs 15,000 crore through the issue of non-convertible debt instruments.

01 Oct 2018 12:32 AM

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Aakar Patel

Business, Companies, 01 Oct 2018

Air India to sell 14 properties; eyes Rs 250 crore

Telangana: BSNL to launch 4G services in November

Revival package of Air India in final stages, says Jayant Sinha

SmartCity Kochi to convert 12 per cent of 246 acres of land to freehold

GMR emerges highest bidder for Nagpur Airport project

Govt moves NCLT for management change at IL&FS

Bandhan Bank plunges to all-time low after RBI directive

Rs 15,000 crore lifeline for IL&FS

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