Business, Companies, 21st Aug 2019, News & Stories from India

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Business Companies 21 Aug 2019

Business, Companies, 21 Aug 2019

Sebi Chairman Ajay Tyagi said that liquidity needs to increase in terms of better price discovery, more trading and dispersed shareholding, among others. (Photo: File | PTI)

Need to examine various issues on 35 pc minimum public shareholding plan: Sebi chief

Currently, listed companies should have at least 25 per cent public shareholding.

21 Aug 2019 8:07 PM

The findings are based on an analysis of 2,976 companies which have reported their quarterly numbers by domestic rating agency Care Ratings. (Photo: Representational | pixabay)

India Inc reports lower revenue, profit growth in Q1: Report

India Inc's net sales growth for the June quarter slid to 4.6 per cent as against 13.5 per cent for the same period last year.

21 Aug 2019 7:13 PM

A successful deal will help ITC to be less dependent on cigarettes.

Asia's top cigarette maker, ITC in race for stake in Coffee Day: Report

ITC may be competing with Coca-Cola Co, which has approached India's greatest cafe chain but has not made a formal offer.

21 Aug 2019 4:40 PM

The bank has no plans to discontinue debit cards but increased use of the digital platform will itself reduce the requirement of the debit cards.

SBI plans to establish nearly 10 lakh YONO Cash Points

A customer can make bill payments and can do digital transactions by using the YONO cash feature.

21 Aug 2019 3:45 PM

The grounded airline owes more than Rs 8,500 crore to lenders.

NCLAT asks Jet lenders if they would cooperate with Dutch court administrator

The NCLAT has asked to list the matter on September 4 for further hearing.

21 Aug 2019 3:19 PM

Factors which pulled down the optimism levels of the chief financial officers (CFOs) were weak liquidity, need for funds, domestic and global macroeconomic conditions and scenario for mergers and acquisitions, said Manish Sinha, Managing Director India, Dun & Bradstreet.

CFO optimism on biz environment for Jul-Sep qtr remains unchanged: Survey

CFO optimism index increased only by 0.6 per cent, on a year-on-year (YoY) basis, to 106.0 during Q3 (July-September) 2019.

21 Aug 2019 2:42 PM

Parle, founded in 1929, employs about 100,000 people, including direct and contract workers across 10 company-owned facilities and 125 contract manufacturing plants.

Indian biscuit maker could lay off 10,000 jobs amid falling demand

Parle is not the only food product company to have flagged slowing demand.

21 Aug 2019 1:06 PM

Meanwhile, shares of Yes Bank, which has 12.79 per cent stake in CG Power as on June 30, 2019, also fell over 4 per cent to Rs 68.10 apiece on the BSE.

CG Power hits lower circuit limit; Yes Bank tumbles over 4 per cent

On the BSE, the CG Power scrip tumbled 20 per cent to touch its 52-week low of Rs 11.80.

21 Aug 2019 12:40 PM

Rajkiran Rai, the managing director and chief executive for the state-run UBI, which is the lead-lender to the crippled housing financier, Tuesday clarified that if the banks take equity stake in the company, it will be for a short -term, which is till they get a suitor.

DHFL resolution: Banks may convert debt into equity, says Union Bank

DHFL owes over Rs 45,000 to banks, and the rest to other financiers including mutual funds, pension funds and insurers.

21 Aug 2019 12:31 PM

The bank, however, did not elaborate of quantum of funds it is plans to raise.

BOB capital raising committee to meet next week to consider bond issue

Shares of Bank of Baroda were trading 0.86 per cent lower at Rs 97.90 apiece on BSE.

21 Aug 2019 11:46 AM

The best option we believe could be that regulator enforces all incremental bulk deposits henceforth to be repo linked/flexible, SBI report said. (Photo: PTI)

Link bulk deposits to repo for effective transmission of interest rates: SBI report

A dozen public sector banks, including State Bank of India, have voluntarily linked their interest rates to repo.

21 Aug 2019 11:31 AM

Even after such flying rights are allocated to an airline, it must have slots at both the airports in order to start flight operations.

Govt extends temporary allocation of Jet Airways' slots, flying rights till Dec

A slot is a date and time at which an airline's aircraft is permitted to depart or arrive at an airport.

21 Aug 2019 10:06 AM

The latest data from May showed 48.9 million credit card users in the country, compared with some 825 million with debit cards.

DBS Bank to enter India's credit card market next year

India’s credit card market is still small in comparison to its debit card market.

21 Aug 2019 9:03 AM

The virtual credit card, which officially launched to all US customers, is Goldman’s first, and it represents a big push by the Wall Street bank to build out its young consumer business.

Goldman CEO memo calls Apple Card 'a beginning' on launch day

Goldman Sachs Group Inc officially became a credit-card lender on Tuesday by rolling out its first product with Apple Inc.

21 Aug 2019 8:56 AM

From now onwards, you may hesitate to order food as frequently as you did earlier. The heavy discounts that were luring you to order those favourite dishes may soon come to an end.

Food app discounts to end soon

The idea of scoring a discount should make guests feel special and not give them a sense of beating the system.

21 Aug 2019 1:25 AM

CG Power said advances to related and unrelated parties of the company and the group may have been potentially understated by `1,990.36 crore and `2,806.63 crore, respectively, as on March 31, 2018.

Guatam Thapar’s CG Power unveils huge fraud

The board also said that advances to related and unrelated parties, too, were potentially understated significantly.

21 Aug 2019 1:11 AM

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Shobhaa De