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

Thursday, Apr 25, 2024 | Last Update : 06:37 AM IST

Business Companies 05 Apr 2019

Business, Companies, 05 Apr 2019

"Going forward, the government, in next few years will focus on supporting startups, enhancing CSR activities and developing CPSE to CPSE collaboration in order to identify new work areas," Seema Bahuguna said.

Focused on reducing non-viable PSUs, says Secretary DPE

Secretary in the DPE Seema Bahuguna said it is imperative for CPSEs now to reinvent themselves and become competitive.

05 Apr 2019 8:26 PM

Unlisted companies filing ITR-6 too will have to provide details of investors, their residential status in India, PAN, date of allotment, number of shares held, issue price per share and amount invested.

Directors, investors in unlisted cos cannot file Income Tax returns Sahaj, Sugam

This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money laundering.

05 Apr 2019 8:13 PM

The NCDs would have a tenure of 2, 3.2, 5 and 7.5 years, with monthly or annual interest payment frequency or on maturity redemption payments with effective ranging from 9.25 per cent to 10 per cent.

Muthoot Homefin to raise Rs 300 cr via debentures

The base size of the issue is Rs 150 crore, with an option to retain oversubscription of a similar amount, aggregating up to Rs 300 crore.

05 Apr 2019 2:59 PM

Once a plane is de-registered, the lessors are free to take them out of the country and lease them to other airlines. (Photo: AFP/File)

Lessors to Jet Airways plan to de-register more planes in coming days: sources

About 6 of Jet’s lessors are likely to apply to the DGCA to de-register up to 15 of the grounded planes.

05 Apr 2019 2:52 PM

Bank of India has a 28.96 per cent stake in the joint venture, while Union Bank of India and Dai-ichi Life owns 25.10 per cent and 45.94 per cent, respectively.

Bank of India looks to divest insurance JV stake worth about USD 160 mn

Bank of India is looking to sell 64.9 mn shares, or 25.02 pc stake, in Star Union Dai-ichi Life Insurance Co Ltd.

05 Apr 2019 1:53 PM

Ex-Ranbaxy promoters Malvinder Singh and Shivinder Singh. (Photo: ANI)

‘Pay your dues or go to jail’: SC to Ranbaxy promoters

Top court bench led by CJI Ranjan Gogoi said it will hear the contempt petition against former Ranbaxy owners on April 11.

05 Apr 2019 11:40 AM

Acute financial crunch has forced the airline to ground aircraft, cancel flights and delay payment of salaries, including to pilots. (Photo: AFP/File)

Jet Airways shares trade marginally lower in morning session

The scrip was down at Rs 259.15 after opening at Rs 264 on the BSE.

05 Apr 2019 11:18 AM

The Custodian of Enemy Property for India offloaded more than 4.43 crore shares of the company at a price of Rs 258.90 apiece.

Govt sells Rs 1,150 crore worth enemy shares in Wipro

The sale would help in monetisation of movable enemy property lying dormant for decades.

05 Apr 2019 10:30 AM

Jet Airways is suffering bruising competition from low-cost airlines, fluctuating crude prices and a weak rupee. (Photo: Twitter | @jetairways)

Fuel supply to Jet Airways stopped at Delhi airport due to non-payment of dues

Fuel supply was stopped at 5 pm and resumed at about 6:15 pm after the assurance of the payment was given.

05 Apr 2019 9:40 AM

The lenders are cognizant that the outcome of the efforts of the Lenders will depend on the interest shown by the parties on the sale of the stake in the Company. (Photo: ANI)

Jet airways lenders meet, intend to pursue bank-led resolution plan for sale of stake

The airline has over one billion dollars in debt and has to repay money to banks, lessors of planes.

05 Apr 2019 9:34 AM

Employees union said that the govt should immediately allocate 4G spectrum for financial revival and should help BSNL.

BSNL employee union opposes VRS, seeks 4G spectrum for telco revival

Still, the DoT is creating roadblocks for BSNL to avail credit from banks.

05 Apr 2019 8:26 AM

With an initial launch portfolio of over 30 uniquely differentiated furniture SKUs, Forma plans to scale up its total portfolio to10 folds.

JSW Group to enter furniture business with Forma

Forma will offer a wide variety of options to Indian consumers across the entire gamut of home furniture and accessories.

05 Apr 2019 1:14 AM

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Dilip Cherian