Business, Companies, 5th Mar 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 05:21 PM IST

Business Companies 05 Mar 2019

Business, Companies, 05 Mar 2019

In show-cause notices issued to the 14 former directors, the new management has charged them of having "sanctioned loans deceptively to external and group companies with the sole objective to infringe RBI guidelines of excessive exposure of IFIN to intra-group companies."

IL&FS board charges former directors of money laundering, criminal intent

The notices, dated February 27, have asked former directors to reply within seven days upon receipt.

05 Mar 2019 4:48 PM

Last year, the survey had projected an average salary increase of 9.5 per cent. (Photo: File)

India Inc's average salary hike to be 9.7 per cent this year: report

Top performers will get 15.6 per cent hike as companies are focusing on performance and productivity.

05 Mar 2019 4:21 PM

'The discussions revolved around a wide range of issues, including taxation, job creation and boosting industrial output,' said Ficci President Sandip Somany.

Govt has promised to lower corporate tax to 25 pc as GST revenue rises: Ficci

In the 2015-16 budget, govt had announced that corporate tax rate would be gradually lowered to 25% from 30% over next four years.

05 Mar 2019 4:00 PM

“Our strong credentials in infrastructure projects execution are borne out by the successful execution of large scale transportation and power projects," said Reliance Infrastructure E&C CEO Arun Gupta.

Reliance Infrastructure gets Rs 648 crore contract for new airport in Rajkot

Reliance Infrastructure scored the highest technical score of 92.2 per cent among nine qualified bidders like Afcons, and L&T.

05 Mar 2019 2:19 PM

'The Reserve Bank of India (RBI)... has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during an assessment of implementation of SWIFT-related operational controls, Yes Bank said in a regulatory filing. (Photo: File)

RBI slaps Rs 1 cr fine on Yes Bank for non-compliance in Swift operations

Swift is the global messaging software used for transactions by the financial entities.

05 Mar 2019 11:06 AM

This sale is valid for travel between March 19, 2019 and September 28, 2019.

IndiGo announces 3-day Holi sale across domestic, international network

IndiGo is offering all-inclusive fare starting at Rs 899 across domestic and Rs 3,399 across international sectors.

05 Mar 2019 11:00 AM

The new investors in this round include Delivery Hero and Glade Brook Capital.

Zomato to sell UAE food delivery business for USD 172 million

The acquisition will allow us to further improve our service to customers in the UAE.

05 Mar 2019 9:58 AM

The acquisition is expected to be over by the end of March 2019, the bank said in a regulatory filing.

ICICI Bank buys 9.9 per cent in NBFC Kisan Finance for Rs 18 crore

The company had registered a net loss of Rs 48 lakh in 2017-18 at a revenue of Rs 4 lakh.

05 Mar 2019 9:50 AM

The e-auction of all these accounts will take place on March 20.

Central Bank puts Bhushan Power, Essar Steel accounts up for sale to recover bad loan

Bhushan Power & Steel has an outstanding of Rs 1,550.07 crore towards the bank.

05 Mar 2019 9:40 AM

Swift is the global messaging software used for transactions by the financial entities.

RBI imposes Rs 8 crore fine on 3 banks for non-compliance in Swift operations

RBI levied an aggregate penalty of Rs 40 million on the bank for delayed implementation of four of the Swift related operational controls.

05 Mar 2019 9:35 AM

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Dilip Cherian