Business, Companies, 7th May 2018, News & Stories from India

Thursday, Apr 18, 2024 | Last Update : 12:25 PM IST

Business Companies 07 May 2018

Business, Companies, 07 May 2018

Tata Power on Monday said it produced 53,556 million units of electricity in financial year 2017-18, registering an increase of 1.9 per cent.

Tata Power output at 53,556 MUs in FY 2018

The company generated 52,512 million units of power in 2016-17 from all its units, ranging from thermal to solar.

07 May 2018 4:12 PM

Air France shares went into a tailspin on the Paris stock exchange on Monday after the resignation of the strike-hit company's CEO.

Air France shares in tailspin after CEO quits

France's economy minister yesterday warned that the survival of Air France was now in the balance.

07 May 2018 3:59 PM

State-owned ONGC registered 6.3 per cent increase in natural gas production in 2017-18 and is on track to double the output by 2022.

ONGC clocks 6.3 per cent rise in gas production

It produced 23.484 billion cubic meters of gas in 2017-18 as against 22.088 bcm in 2016-17, he said.

07 May 2018 3:47 PM

Around 200-300 retail service providers (RSP) registering daily with the Indian Railway IRCTC.

3 more years to achieve 2.82 lakh service centres: IRCTC

IRCTC registered only 38,500 RSPs till date, sources in the railways' e-ticketing arm.

07 May 2018 2:33 PM

Total income during the quarter grew to Rs 3,728.22 crore as against Rs 3,504.73 crore in the year- ago period.

Vijaya Bank Q4 profit up 1.6 per cent at Rs 207 crore

Stock of Vijaya Bank traded at Rs 61 on BSE, up 1.92 per cent from previous close.

07 May 2018 2:15 PM

Swadeshi Jagran Manch will present a report to civil aviation minister Suresh Prabhu this month suggesting “alternative ways” to revive the national carrier.

SJM preparing report on ‘alternative ways’ to revive Air India

SJM has previously suggested that the government monetise Air India’s assets to repay debt, rather than selling its stake.

07 May 2018 1:24 PM

Reliance Infrastructure(RInfra) and Astaldi S p A (Italy) in a joint venture have bagged Rs 7,000 crore order for construction of the second sea link in Mumbai.

R Infra-Astaldi JV bags Rs 7,000 cr Versova-Bandra sea link project

The JV has bagged the engineering, procurement and construction (EPC) contract for Versova-Bandra sea link.

07 May 2018 1:10 PM

Nokia said on Monday it has acquired software maker SpaceTime Insight.

Nokia acquires US software supplier SpaceTime Insight

Nokia has made several small to medium-sized acquisitions as part of a strategy to build up a standalone software business.

07 May 2018 1:04 PM

Nestle will pay Starbucks USD 7.15 billion as part of a global coffee alliance in which the Swiss-based food giant is getting the rights to market the US coffee company’s products around the world outside Starbucks’ coffee shops.

Nestle to pay USD 7.15 billion to Starbucks in coffee tie-up

Coffee is popular with millennials who have grown up with Starbucks and often seek out smaller brands.

07 May 2018 12:30 PM

Centre had told the Delhi High Court that the Vodafone Group had abused the process of law by initiating two international arbitrations. (Photo: PTI)

Delhi HC rejects Centre's plea against Vodafone's international arbitrations

Vodafone's move to initiate 2 international arbitrations against India in connection with a tax demand of Rs 11,000 crore.

07 May 2018 11:39 AM

India’s banks, already burdened by a 9.5 trillion-rupee soured-loan mountain as of last year.

PNB targets over 10 pc business growth in 2018-19

PNB expand its total business to 12 trillion rupees ($180 billion) in the year to March 2019.

07 May 2018 8:28 AM

Traders’ body CAIT demanded scrutiny of the proposed $12-billion Flipkart-Walmart deal.

Scrutinise Walmart deal: CAIT

The Flipkart buy may be one of the largest deals in the retail sector and by far, the biggest in the country’s booming e-commerce market.

07 May 2018 12:37 AM

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Syed Ata Hasnain