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  Business   Companies  06 Aug 2018

Business, Companies, 06 Aug 2018

Air India again delays salaries; employees yet to get pay for July

Jayant Sinha told the Lok Sabha that there was a short delay in the payment of salaries for May and that the same was paid subsequently.

06 Aug 2018 7:34 PM

Depictions against Flipkart-Walmart deal sent to concerned department

In May, the US-based retailer Walmart Inc announced acquisition of 77 per cent stake in Flipkart in its biggest takeover till date.

06 Aug 2018 5:49 PM

SoftBank profit up 49 per cent on Flipkart, ARM stake sales

SoftBank said it estimates that the sale of Flipkart shares will occur within 24 months of the inception of the investment.

06 Aug 2018 5:33 PM

ONGC board approves stake sale in Pawan Hans

ONGC board had first on June 29 approved exiting Pawan Hans.

06 Aug 2018 4:11 PM

Reliance Communications, Ericsson reach USD 80 million settlement

India’s bankruptcy court admitted a plea by Ericsson seeking insolvency resolution against RCom over unpaid service dues.

06 Aug 2018 2:14 PM

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Maggi attains over 60 pc market share, touches pre-crisis level in value terms

Maggi contributes around one-third of the total sales of the company.

06 Aug 2018 2:01 PM

High operating profit to help ONGC cut borrowings, says Moody's

ONGC reported 47.2 per cent increase in EBITDA or operating profit to Rs 14,240 crore.

06 Aug 2018 1:56 PM

NCLAT extends deadline for submission of revised bid for Bhushan Steel

Tata Steel put in a bid of Rs 17,000 crore. Bhushan Power and Steel owes about Rs 45,000 crore to its lenders.

06 Aug 2018 12:54 PM

Vedanta's quarterly core earnings rise; India copper output drops

Copper production from India fell 73.3 per cent in the quarter after the company closed its facility in southern India.

06 Aug 2018 12:17 PM

HDFC Asset Management Company shares zoom 58 per cent in debut trade

HDFC AMC's Rs 2,800-crore initial public offer was open during July 25-27.

06 Aug 2018 12:04 PM

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Britannia Q1 net profit rises 19.41 per cent to Rs 258.08 crore

Shares of Britannia Industries were trading at Rs 6,318.95 apiece, down 1.19 per cent, on BSE.

06 Aug 2018 11:49 AM

HSBC first-half pretax profit rises 4.6 pc, second-quarter beats estimates

HSBC reported a pretax profit of USD 10.7 billion in the six months through June, up from USD 10.2 billion.

06 Aug 2018 10:42 AM

WhatsApp building a local team, including India head to check fake news

WhatsApp to bring more effective solutions to the table, to ensure greater "accountability and facilitate enforcement of the law.

06 Aug 2018 9:19 AM

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