Business, Companies, 30th Mar 2018, News & Stories from India

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Business Companies 30 Mar 2018

Business, Companies, 30 Mar 2018

The country's oldest public sector financial institution IFCI proposes to further offload its stake in National Stock Exchange.

IFCI plans to dilute stake in NSE, CCIL

IFCI made partial disinvestment of its stake in NSE to the extent of about 0.02 per cent.

30 Mar 2018 7:56 PM

State-owned construction firm NBCC Ltd is targeting to achieve a higher growth of 30-35 per cent from next fiscal onwards.

NBCC eyes 35 per cent revenue growth from next fiscal: CMD

NBCC soon would unveil a five-year growth vision, said Mittal.

30 Mar 2018 7:48 PM

Leading seller tools platform Kraftly on Friday announced that it is poised to meet a remarkable milestone of reaching 2,50,000 sellers by the end of FY 2018-19.

Kraftly set to reach 250,000 sellers by FY 2018-19

In doing so, the company will have showcased a Compound Annual Growth Rate (CAGR) of nearly 85 percent.

30 Mar 2018 6:32 PM

The UIDAI has restored Bharti Airtel's authorisation to conduct Aadhaar-based verification of its mobile subscribers.

UIDAI restores Airtel's authorisation for Aadhaar-based eKYC

The Unique Identification Authority of India has not lifted the ongoing suspension on Airtel Payments Bank's eKYC licence.

30 Mar 2018 6:20 PM

To retain its market leadership status, the priority of the CIL would be to sell coal at a lower price than the private players.

Private entry into coal mining an opportunity: CIL

This was not the first time that the coal sector was being thrown open to the private sector.

30 Mar 2018 6:09 PM

Adani Enterprises today said it has sold 100 per cent stake in its wholly-owned subsidiary Adani Energy Ltd (AEnL) for Rs 13.61 lakh.

Adani Enterprises sells entire stake in subsidiary firm

It has sold 100 per cent stake in its wholly-owned subsidiary Adani Energy Ltd for Rs 13.61 lakh.

30 Mar 2018 5:45 PM

Nasscom President R Chandrashekhar told PTI in an interview that a new generation of users and new economic strata that are entering the digital space for the first time have necessitated focused campaigns, which promote awareness around online behaviour and threats.

Multi-level campaigns must for awareness on data, user security: Nasscom

As far as citizens are concerned, there is a need for building awareness on what the threats are.

30 Mar 2018 5:15 PM

The first liquefied natural gas (LNG) shipment from the US arrived at the Dabhol terminal of state-run gas major Gail here on Friday.

India gets 1st US LNG shipment at Dabhol

Dharmendra Pradhan also announced a Rs 700-crore investment by the newly-created Gail arm Konkan LNG.

30 Mar 2018 4:58 PM

Air China and Shanghai-based China Eastern Airlines both posted solid profit growth in 2017.

Air China, China Eastern profit up despite fuel-cost surge

China is now the world's second-largest aviation market.

30 Mar 2018 3:49 PM

Hinduja Global Solutions (HGS) today said its subsidiary will acquire 57 per cent stake in digital consulting services firm Element Solutions for USD 5 million.

HGS to acquire 57 pc stake in Element Solutions for USD 5 mn

It will help grow the digital marketing and digital experience service business of the company.

30 Mar 2018 3:34 PM

Targeting NTPC for supplying Bangladesh electricity generated using cheap domestic coal, the Association of Power Producers has written to the government.

Electricity export to Bangladesh can't be done using domestic coal

Such sale violates extant policy and hurts interest of domestic power consumers.

30 Mar 2018 2:30 PM

Lendingkart Finance on Thursday announced its partnership with Sistema Business Scalerator to serve SMEs in South India.

Lendingkart Finance and Sistema Business Scalerator tie-up to serve SMEs

Sistema Business Scalerator will help the prospective customers to apply for loan through online platform of Lendingkart Technologies.

30 Mar 2018 2:19 PM

China’s Huawei Technologies, the world’s third-largest smartphone maker, posted a 28 per cent rise in 2017 net profit.

China's Huawei posts 28 per cent rise in 2017 net profit

World’s third-largest smartphone maker, posted a 28 per cent rise in profit, by cost controls and a solid performance in home market.

30 Mar 2018 12:50 PM

The store features a wide range of products covering everything you might possibly like to buy for a healthy life.

Snapdeal launches curated health store on World Health Day

Snapdeal has launched the curated health store to take care of shoppers' holistic health needs.

30 Mar 2018 12:07 PM

Shares of Vedanta Resources were up 1.7 per cent at 1524 GMT.

Vedanta hit by up to USD 600 mn charge for Goa iron ore unit closure

Vedanta Ltd is expected to produce around 5.5 million tonnes of Goa ore in the fiscal year ending March 31.

30 Mar 2018 12:04 PM

The agreement follows an R&D tie-up announced by the two Japanese automakers a year ago.

Toyota, Suzuki to produce cars for each other in India

Toyota would supply around 10,000 vehicles to Suzuki, while Suzuki would produce up to 50,000 units annually for Toyota.

30 Mar 2018 10:37 AM

Bank re-iterated that it continues to give utmost importance to regulatory compliance and endeavors to meet supervisory expectations. (Photo: ANI)

ICICI issues clarification on penalty by RBI

RBI has imposed a penalty on the Bank for continued sale of government securities classified as HTM.

30 Mar 2018 9:48 AM

The loans were sanctioned without obtaining proper documents, without conducting pre-sanction and post-sanction inspections and without ascertaining the end use of the loans.

CBI registers three cases against 52 persons

The valuers overvalued the properties mortgaged. The loans amounting to Rs 545.28 crore.

30 Mar 2018 4:45 AM

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Farrukh Dhondy