Business, Companies, 6th Feb 2019, News & Stories from India

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Business Companies 06 Feb 2019

Business, Companies, 06 Feb 2019

Total income in the quarter under review increased 11 per cent to Rs 20,355 crore from Rs 18,306 crore in the October-December period of 2017-18.

JSW Steel Q3 net profit falls 10 per cent to Rs 1,603 crore

The company had clocked a consolidated net profit of Rs 1,774 crore in the year-ago period.

06 Feb 2019 4:33 PM

Airline will seek approval for conversion of loans into shares, among other proposals, at the meeting of shareholders to be held on February 21.

Jet Airways pilots may take final call on salary payment delays in march

Jet Airways has been making salary payments to many of its employees, including pilots, in a staggered manner, amid financial crunch.

06 Feb 2019 4:21 PM

Our product and price mix in residential and commercial segment across geographies helps us mitigate risks. As markets rebound, there is high visibility of future cash flows arising from these segments: DLF. (Photo: File)

DLF reports higher revenues of Rs 2,406 crore in Q3 FY19

DLF's strategy of selling completed inventory and its focus on strength of balance sheet has borne fruit.

06 Feb 2019 4:20 PM

Banks have been collecting an average of Rs 7 lakh crore per annum in the last few years. (Representational image)

'Banks need Rs 20 trillion deposits for credit growth, may up rates'

Credit to deposit ratio will jump to 78 per cent by the end of FY19 from the 73 per cent levels in March 2017.

06 Feb 2019 3:33 PM

Essel group chairman Dr Subhash Chandra.

Essel promoters open to selling over 50 pc of their stake in ZEEL

As on December 31, 2018, promoters held 41.62 per cent stake in ZEEL.

06 Feb 2019 3:24 PM

Air India chief Pradeep Singh Kharola has been appointed Civil Aviation secretary. (Photo: Twitter)

Air India chief Pradeep Singh Kharola to steer Civil Aviation Ministry as secretary

Kharola, a 1985-batch IAS officer of the Karnataka cadre, was in Nov 2017 named the chairman and MD of Air India Ltd.

06 Feb 2019 2:47 PM

The company on Tuesday reported 27.5 per cent jump in December quarter net profit at Rs 1,203 crore.

Tech Mahindra shares jump nearly 7 pc post Q3 earnings

Overall revenue increased 15 per cent to Rs 8,944 crore during the quarter under review.

06 Feb 2019 1:29 PM

RCom has been reeling under a debt of over Rs 46,000 crore. (Photo: File)

RCom shares battered further, tank nearly 13 percent

RCom stock plummeted 10.84 per cent to Rs 4.85 on BSE, at NSE, shares crashed 12.61 per cent to Rs 4.85 apiece.

06 Feb 2019 1:00 PM

LIC completed the acquisition of 51 per cent stake in IDBI Bank following possible change in the name of the bank. (Photo: )

IDBI Federal Life expects flat growth

We are expecting a growth between 12 per cent and 18 per cent this fiscal: CEO, director IDBI Federal Life, Vighnesh Shahane

06 Feb 2019 12:51 PM

The year-earlier figure used previous accounting standards.

SoftBank Group's third-quarter profit leaps 60 pc, beating estimates

SoftBank’s operating profit in the Oct-Dec quarter was 438.3 billion yen versus 274 bn yen a year earlier.

06 Feb 2019 12:47 PM

The revised policy on FDI in online retail, issued by the commerce and industry ministry, also said that these firms have to offer equal services or facilities to all its vendors without discrimination.

Optimistic about Indian market despite changes in e-comm FDI policy: Walmart

Walmart may quit Flipkart as the new FDI policy came into effect, which would lower its profitability in the long run.

06 Feb 2019 12:27 PM

App also set a new record for quarterly revenue at USD 390 million, which brings its yearly total to more than USD 1.1 billion. (Photo: File)

Snapchat counters losses as stocks leapfrogs higher

The app might not have added any users last quarter, but it didn't lose any either.

06 Feb 2019 12:02 PM

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Farrukh Dhondy