Business, Companies, 21st Aug 2017, News & Stories from India

Sunday, Apr 28, 2024 | Last Update : 11:44 PM IST

Business Companies 21 Aug 2017

Business, Companies, 21 Aug 2017

Infosys is India's second largest information technology company. (Photo: PTI)

Balakrishnan calls for Infosys board rejig before CEO search

V Balakrishnan asserted that Chairman R Seshasayee and Co-chair Ravi Venkatesan must step down as part of a board rejig.

21 Aug 2017 9:06 PM

The Essar Group has decided to pare as much as 67 percent of its consolidated debt from the proceeds of the USD 12.9-billion deal with Rosneft.

Essar to trim 67 per cent of Rs 1.05 trillion debt with Rosneft deal

Essar Group director Prashant Ruia described debt reduction of Rs 70,400 crore as largest in history of corporate India.

21 Aug 2017 8:51 PM

Ruias will never be able to re-enter the oil refining and retailing sector in the country, said Rosneft - the new owners of Essar Oil.

Essar Oil-Rosneft deal bars Ruias from re-entering oil refining in India

However, the Ruias will continue to run their refinery in Britain wherein they has 9 million tonne facility at Stanlow.

21 Aug 2017 8:02 PM

Essar Oil CEO Lalit K Gupta has resigned following the USD 12.9 billion takeover of the company by Russia's Rosneft. (Representational Image)

Essar Oil CEO resigns as Rosneft takes over after USD 12.9 billion deal

Rosneft and its partners restructured the board of the company, packing it with their representatives.

21 Aug 2017 7:19 PM

Rajiv Bajaj of Baja Auto is one of the youngest CEOs in country. (Photo: PTI)

Rajiv Bajaj, Avni Biyani among 200 young CEOs to meet Modi

Prime Minister had met 212 young entrepreneurs last week as part of 'Champions Of Change' programme.

21 Aug 2017 6:48 PM

Mohandas Pai lashes out at Sikka for blaming Narayana Murthy

Pai also said that Sikka's appointment as Executive Vice Chairman of Infosys had created a confusing lineup.

21 Aug 2017 5:48 PM

Tata Motors MD and CEO Guenter Butschek. (Photo: Tata Motors)

Speculation over my future in Tata Motors annoying: Butschek

Butschek says he was hired purely on professional merit and not personal loyalty.

21 Aug 2017 5:43 PM

Rating agency Care Ratings conducted analysis of 2,108 companies. (Photo: Representational/PTI).

GST cuts India Inc Q1 net by 15.7 pc to Rs 87,475 cr

Seven industries reported net loss, while 33 segments reported lower growth in net profit on yearly basis.

21 Aug 2017 5:19 PM

The agitation was held at Azad Maidan where almost one lakh lottery traders gathered under the banner of Lottery Bachao Mahakruti Samiti.

Lottery traders hold protest in Mumbai against 28 per cent GST

Lottery business has reduced to 25 per cent of what it was before the GST came into force on July 1.

21 Aug 2017 5:16 PM

Dena Bank stock traded 1.59 per cent down at Rs 30.85 on BSE.

Dena Bank cuts savings rate by 0.5 per cent

For deposits above Rs 25 lakh interest rate will remain unchanged at 4 per cent per annum.

21 Aug 2017 4:52 PM

State Bank of India has waived off the clearance charges on most of its retail loans like gold loan, car loans, festive loans, etc.

Festival bonanza: SBI waives off clearing charges on car, gold, personal loans

The country’s largest lender announced a waiver of up to 100 per cent on different kinds of personal loans.

21 Aug 2017 4:27 PM

Form GSTR-3B is for traders who file their GST return. First return will be filed for July. (Photo: Representational/PTI)

Step by step guide to fill and submit your first GST return

Implementing company GST Network has drawn out a complete proforma to guide traders on how to file GST return.

21 Aug 2017 3:27 PM

National Thermal Power Corporation (NTPC) is a state-owned power geneartor. (Photo: PTI)

NTPC seeks shareholders' nod to raise Rs 15K crore

The special resolution is listed on agenda of annual general meeting scheduled for September 20.

21 Aug 2017 3:17 PM

Tata Motors will pump in more than Rs 1,500 crore in its commercial vehicles business this year.

Tata Motors to invest over Rs 4K cr to boost car, truck sales

The company has committed to invest Rs 2,500 crore in its passenger vehicles unit.

21 Aug 2017 2:59 PM

Mercedes-Benz on Monday launched AMG GT R in India with prices starting at Rs 2.23 crore.

Mercedes launches AMG GT R, GT Roadster in India

The company is confident that these two models will bring more customers and redefine the performance motoring segment altogether.

21 Aug 2017 2:16 PM

The chargers can also monitor the car battery charging status and units consumed while charging a car. (Representational Image)

Tata Power launches electric vehicle charging facility

Tata Power installed its first electric vehicle charging facility at Vikhroli in Mumbai.

21 Aug 2017 1:58 PM

McDonald's India has terminated the franchise agreement for 169 fast-food outlets in north and east India run by CPRL.

McDonald's ends franchise agreement with CPRL in north, east India

The agreement includes McDonald's 169 fast-food outlets in north and east India run by Connaught Plaza Restaurant Ltd.

21 Aug 2017 1:56 PM

Transaction got delayed after the lenders wanted their debt worth over Rs 45,000 crore to be cleared.

Essar Oil completes sale of India assets to Rosneft for USD 12.9 billion

Essar Oil-Rosneft deal is the largest foreign direct investment (FDI) into the country till date.

21 Aug 2017 12:12 PM

Bank unions have also demanded the government should reimburse them the cost of demonetisation. (Photo: Representational/PTI).

PSU banks hint strike on Tuesday against 'consolidation'

Operations at private lenders like ICICI Bank, HDFC Bank, Axis Bank and Kotak Mahindra Bank are expected to be normal.

21 Aug 2017 11:19 AM

Infosys' future trumped the company's approval on Saturday of a 130 billion rupees share buyback.

Infosys shares extend losses after CEO quits

Infosys shares slumped 9.6 per cent on Friday after CEO Vishal Sikka unexpectedly resign.

21 Aug 2017 11:15 AM

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Anita Katyal