Business, Companies, 1st Jun 2018, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 03:46 PM IST

Business Companies 01 Jun 2018

Business, Companies, 01 Jun 2018

Anand Mahindra on Friday said tough action was required to turnaround the fortunes of the national carrier.

Tough action needed to revive Air India, says Anand Mahindra

No Expression of Interest was received from any bidder as the deadline ended on May 31.

01 Jun 2018 5:50 PM

Central Bureau of Investigation (CBI) has booked 13 serving and retired officials of the Oil and Natural Gas Corporation (ONGC) for alleged irregularities in giving a contract to a private company for supplying gas dehyrdation units.

CBI books 13 ONGC officials in Rs 80 crore scam case

ONGC's Vigilance wing had approached the CBI, charging that it had detected a fraud of Rs 80 crore.

01 Jun 2018 5:06 PM

Fortis said it has received interest from various parties on May 31, as per the timeline specified in the fresh process for bidding.

Fortis Healthcare shortlists 4 entities for stake sale

Earlier this week, Fortis Healthcare initiated a fresh time-bound bidding process for its sale.

01 Jun 2018 4:05 PM

Rajagopal in his 35 years long career has worked in various entities like ITC, Ranbaxy Laboratories and Diageo.

Fortis appoints Ravi Rajagopal as chairman

Rajagopal (63), a chartered accountant, is currently a non executive independent director on the Fortis board.

01 Jun 2018 2:53 PM

Cash-strapped Venezuela has stopped payments of oil dues to ONGC Videsh Ltd (OVL), leading to a USD 450 million pile-up, its MD & CEO Narendra K Verma said.

Venezuela stops payment of oil dues to ONGC Videsh Ltd

PDVSA had agreed to supply 17,000 barrels per day of crude oil to repay USD 537 million that it owed to OVL.

01 Jun 2018 2:36 PM

CAIT on Friday said it has filed a complaint against Flipkart with the Enforcement Directorate for alleged violation of the government's foreign direct investment (FDI) policy.

CAIT files complaint against Flipkart, alleges FDI norms violation

The FDI policy provides that an E-commerce entity providing a marketplace will not exercise ownership over the inventory.

01 Jun 2018 2:18 PM

Tata Consultancy Services, a leading global IT services, consulting and business solutions organisation, has been named number one for customer satisfaction in the UK.

TCS declared UK's top IT services organisation for customer satisfaction

TCS was ranked number one in application development, maintenance, testing and SaaS; and data centre, managed infrastructure and hosting.

01 Jun 2018 12:49 PM

Sales of mini segment cars, including Alto and WagonR, witnessed a 3.1 per cent decline at 37,864 units from 39,089 units in May 2017.

Maruti Suzuki's May sales up 26 per cent at 1,72,512 units

The firm's domestic sales stood at 1,63,200 units, up 24.9 per cent from 1,30,676 units in May last year.

01 Jun 2018 11:28 AM

Chanda Kochhar on annual leave, clarifies ICICI Bank, denies media report

The ICICI Bankd board also denies it has appointed any search committee to find her successor.

01 Jun 2018 10:54 AM

Vodafone and Idea had announced that the merger would be complete by June. (Photo AFP)

Revised M&A norms to pave way for Idea-Vodafone merger

DoT will seek Rs 2,100 crore bank guarantee this month from Idea Cellular as one-time spectrum charge.

01 Jun 2018 8:37 AM

Mistry hits back at ‘smear’ plaint

“It is therefore deeply disturbing that a few individuals with alleged questionable motives are today bringing disrepute to the Tata Brand.

01 Jun 2018 2:07 AM

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Sanjeev Ahluwalia