Business, Companies, 1st Oct 2019, News & Stories from India

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Business Companies 01 Oct 2019

Business, Companies, 01 Oct 2019

Ford forms joint venture with Mahindra for India business

The two companies have for months been negotiating the deal, which will see Ford hold a 49 per cent stake in the new entity.

01 Oct 2019 6:04 PM

DHFL, as on July 6, 2019, had total debt outstanding of Rs 83,873 crore of which Rs 74,055 crore is secured loans and Rs 9,818 crore unsecured.

No exposure to HDIL, PMC Bank, says DHFL

DHFL does not have any exposure to either of them, DHFL said in a regulatory filing.

01 Oct 2019 5:40 PM

As many as 255.03 crore shares of face value Rs 2 each were sold, with Rana Kapoor and his family-owned entities -- Yes Capital (India) Private Ltd and Morgan Credits Private Ltd-- netting Rs 510.06 crore from the stake sale.

Rana Kapoor, his two entities sell 2.16 pc stake in Yes Bank for Rs 510 cr

YES Capital said the proceeds would go to Franklin Templeton Asset Management, with whom its shareholding of YES Bank was pledged.

01 Oct 2019 4:10 PM

Ashok Leyland said sales of medium and heavy commercial vehicles in the domestic market declined 69 per cent to 4,035 units as compared to 13,056 units in the same month last year.

Ashok Leyland sales dips 55 per cent in Sep at 8,780 units

The company had sold a total of 19,374 units in the same month last year, Ashok Leyland said in a regulatory filing.

01 Oct 2019 12:57 PM

Sources said that the fundraising is likely to be in range of USD 750 million to USD 1 billion, and the final figure will be arrived at based on the market response. (Photo: File | PTI)

Bharti Airtel plans to raise up to USD 1 billion; subsidiary Network i2i to issue bonds

Bharti Airtel has appointed a clutch of bankers including BofA Merrill Lynch, Barclays among others as joint bookrunners.

01 Oct 2019 12:34 PM

Domestic sales declined by 26.7 per cent at 1,12,500 units last month as against 1,53,550 units in September 2018, Maruti Suzuki India added.

Maruti Suzuki reports 24 per cent dip in sales at 1,22,640 units in September

The company had sold 1,62,290 units in September last year, MSI said in a statement.

01 Oct 2019 12:09 PM

Domestic sales in September this year stood at 2,15,501 units as against 3,11,503 units, down 31 per cent, Bajaj Auto said in a regulatory filing.

Bajaj Auto total sales down 20 per cent at 4,02,035 units in September

The company had sold 5,02,009 units in the same month a year ago.

01 Oct 2019 11:07 AM

are protected. The action was necessitated as in case of PMC Bank, the small depositors constitute around two-thirds of its depositor base, a source explained. (Photo: PTI | File)

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

RBI has put on PMC strict restrictions including limiting withdrawals at Rs 10,000 and banning it from lending for next six months.

01 Oct 2019 9:42 AM

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Sunil Gatade

Business, Companies, 01 Oct 2019

Ford forms joint venture with Mahindra for India business

No exposure to HDIL, PMC Bank, says DHFL

Rana Kapoor, his two entities sell 2.16 pc stake in Yes Bank for Rs 510 cr

Ashok Leyland sales dips 55 per cent in Sep at 8,780 units

Bharti Airtel plans to raise up to USD 1 billion; subsidiary Network i2i to issue bonds

Maruti Suzuki reports 24 per cent dip in sales at 1,22,640 units in September

Bajaj Auto total sales down 20 per cent at 4,02,035 units in September

Before RBI clampdown, PMC Bank saw huge cash withdrawals from big depositors

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