Business, Companies, 31st Jul 2019, News & Stories from India

Friday, May 03, 2024 | Last Update : 04:44 PM IST

Business Companies 31 Jul 2019

Business, Companies, 31 Jul 2019

The Fund will buy the stake from promoters of ZEEL, it said in a statement.

Invesco Oppenheimer to buy up to 11 pc stake in Zee Entertainment

Essel Group had initiated the process of divesting its key assets, with an aim to repay all the lenders by September 2019.

31 Jul 2019 7:16 PM

The automobile industry in the country is currently growing through a prolonged slowdown.

Reviewing exposure to auto dealers; will ensure industry do not suffer: SBI

SBI is one of the biggest credit providers to auto dealers and individuals (auto loans), the bank said in a statement.

31 Jul 2019 6:24 PM

The Lufthansa Group recently celebrated 25 years of service in Chennai. (Photo: AP)

Lufthansa to raise capacity in business class in flights from city

The move by the airliner comes in the backdrop of the 50 per cent expected growth of international passengers in the country by 2020.

31 Jul 2019 5:30 PM

N Chandrasekaran re-appointed as director of Tata Motors

Shareholders approved the re-appointment of Chandrasekaran with 98.65 per cent votes.

31 Jul 2019 4:55 PM

IOC said it had a foreign exchange gain of Rs 91.75 crore in April-June 2019, as compared to Rs 1,804.85 crore forex loss in the previous year.

IOC net drops 47 per cent on lower refinery margins

IOC reported a consolidated net profit of Rs 3,737.50 crore, or Rs 4.07 per share in April-June quarter this year.

31 Jul 2019 3:58 PM

Shares of the bank traded at Rs 38.95 apiece on the BSE, down 0.26 per cent from the previous close.

Allahabad Bank okays raising Rs 2,000 cr equity capital via QIP

The Kolkata-headquartered lender is scheduled to announce its June 2019 quarter earnings on Wednesday.

31 Jul 2019 3:12 PM

Consumers can book auto repairs through the app, have door-step pick-up and drop and track all work through real time images on the app to bring trust and transparency in this highly organised sector.

Fixcraft raises an undisclosed amount of seed funding

Fixcraft with a very clear vision to enable excellent quality car services to be available to everyone at fair price.

31 Jul 2019 3:08 PM

The board remains deeply committed to safeguarding the interests of all stakeholders, including investors, lenders, employees and customers.

S V Ranganath named as interim chairman of Coffee Day Enterprises

The next meeting of the Board of Directors scheduled to be held on August 8.

31 Jul 2019 2:20 PM

At the NSE, it dropped 20 per cent to hit its one year low as also its lower limit of Rs 122.75.

Coffee Day Enterprises shares further plummet 20 per cent

The scrip tumbled 20 pc to Rs 123.25 -- its 52-week low level as well as its lowest trading permissible limit for the day on the BSE.

31 Jul 2019 11:46 AM

JSPL further said it has recently won a Rs 665 crore order from Rail Vikas Nigam Ltd (RVNL), an arm of the Ministry of Railways, to supply 89,042 tonnes of UIC 60 kg IRS T-12 880 grade 13 meter rails for its upcoming projects.

JSPL supplies 1.26 lakh tonne rails to Indian Railways

In July last year, JSPL had received from railways an order of about one lakh tonne rails, which was later extended by over 26 lakh.

31 Jul 2019 11:44 AM

RBI said based on feedback from stakeholders and with a view to further liberalise the ECB framework it has been decided to relax the end-use restrictions and allow the use of funds for working capital requirements, general corporate purposes and repayment of rupee loans.

RBI relaxes external commercial borrowing norms for corporates, NBFCs

ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes.

31 Jul 2019 10:00 AM

The ED is also probing allegations that Ahmed Patel's son-in-law Irfan Siddiqui 'occupied' a residential property in Delhi's Vasant Vihar that was purchased by the Sandesaras. (Photo: File | PTI)

Sterling Biotech bank fraud case: ED grills Ahmed Patel's son-in-law

Irfan Siddiqui's statement was recorded under PMLA after he was grilled about his purported links with Sandesara brothers.

31 Jul 2019 9:05 AM

Private sector lender Axis Bank on Tuesday failed to meet street expectations as it reported higher slippages and had higher write-offs during Q1FY20.

Axis Bank numbers disappoint Street

The bank said it downgraded Rs 2,242 crore into the BB pool during the quarter mostly from stressed groups.

31 Jul 2019 2:07 AM

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Birla: Cement demerger this quarter

While addressing shareholders at the 122nd AGM of the company here on Tuesday, Birla said during 2018-19.

31 Jul 2019 2:03 AM

After blowing the lid off the big-ticket IL&FS scam, the Serious Fraud Investigation Office (SFIO) is likely to look into the mega fraud alleged against Indiabulls Group by Rajya Sabha member Subramanian Swamy.

SFIO may probe charges against Indiabulls Group

The agency is looking forward to directions from the government to formally begin the investigation.

31 Jul 2019 1:03 AM

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Sanjeev Ahluwalia