Business, Companies, 7th Aug 2017, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 01:33 PM IST

Business Companies 07 Aug 2017

Business, Companies, 07 Aug 2017

The Pune-based Bank of Maharashtra stock closed unchanged at Rs 27.75 on BSE. (Repreentational Image)

Bank of Maharashtra cuts MCLR rates by 0.05-0.15 per cent from monday

Base rate remains unchanged at 9.70 per cent per annum, Bank of Maharashtra said in a regulatory filing.

07 Aug 2017 8:02 PM

Ratings has rated the USD debt instruments of Exim Bank with an expected ratings of 'BBB(EXP)' referring to a good credit quality.

Exim Bank's USD debt programme carries moderate risk: Moody's

Rating outlook is positive for proposed USD denominated senior unsecured notes issued by Exim Bank.

07 Aug 2017 7:45 PM

This 5 per cent rate will be applicable for job works in apparel, shawls and carpets. (Representational Image)

Textile industry cheers lowering of GST rate on job work

Five per cent GST rate on job works would enable the industry to claim full input credit.

07 Aug 2017 7:21 PM

Company's total revenue from operations during April-June quarter increased to Rs 30,973.3 crore as against Rs 25,970.7 crore.

Tata Steel Q1 consolidated Net at Rs 921.09 crore

Shares of Tata Steel closed 4.26 per cent up at Rs 600 on the BSE on Monday.

07 Aug 2017 6:35 PM

Tata Steel is country's major steel producer. (Photo: PTI).

Tata Steel swings to profit in first quarter, lags estimates

Steel maker's net profit came in at Rs 921 crore or $144.37 million in quarter ended June 30.

07 Aug 2017 6:26 PM

IRDAI is working with the government for very simple KYC.

IRDAI working with govt to create a simple platform for KYC

Aadhar is not a mandatory requirement for Know Your Customer (KYC) in the insurance sector.

07 Aug 2017 6:05 PM

Vistara is a joint venture between Tata Sons and Singapore Airlines. (Photo: PTI).

Vistara offers flight for Rs 799 under 'Freedom to Fly'

Booking of tickets under sale offer will be open from midnight today to 23.59 hours of August 9.

07 Aug 2017 6:01 PM

Banks have raised several issues related to their day-to-day funtioning.

Banks to go on all-India strike on August 22, says report

Bank associations have already given notice for agitation a couple of days back.

07 Aug 2017 5:33 PM

Vistara is one of the low-cost carriers flying in Indian skies.

Vistara offers lowest fare of Rs 799; two days' discounted sale

Low-cost carrier also offering flights for Rs 2,099 to premium economy class passengers.

07 Aug 2017 5:31 PM

Private low-cost carrier Go Air would start flying overseas from October this year, its Managing Director Jeh Wadia said.

GoAir goes international in October 2017

GoAir is a low-cost carrier based in Mumbai and is owned by Indian business conglomerate Wadia Group.

07 Aug 2017 4:35 PM

JLR sales rise 3.6 per cent to 46,074 units in July

Land Rover saw sales of 33,110 vehicles in July, up 5.8 per cent as compared to July 2016.

07 Aug 2017 4:28 PM

Jindal Stainless on Monday reported 50.47 per cent jump in its standalone net profit to Rs 74.38 crore in Q1 of 2017-18.

Jindal Stainless posts 50 per cent surge in Q1 net profit

Total income of the stainless steel maker also rose to Rs 2,438.27 crore.

07 Aug 2017 4:16 PM

Total income during the first quarter went up by 15.06 per cent to Rs 1,639.54 crore from Rs 1,424.85 crore.

Whirlpool of India Q1 net rises 8.8 per cent to Rs 132.72 crore

Shares of Whirlpool of India were trading 3.07 per cent up at Rs 1,192 apiece on the BSE.

07 Aug 2017 4:04 PM

Mahindra & Mahindra Chairman Anand Mahindra.

M&M Chairman Mahindra's salary up 16.38 pc in FY17

As per the report, the median remuneration of employees of the company in 2016-17 was at Rs 7.08 lakh.

07 Aug 2017 3:47 PM

Bank has called a pre-bid meeting on August 14 and the final bids are to be sent in by 3 pm on August 22.

BoI to raise up to Rs 626 crore via STCIF stake sale

Bank of India holds 1,13,83,781 shares in STCIFL representing 29.96 per cent stake.

07 Aug 2017 2:59 PM

Subrata Roy, former administrator of Sahara Life Insurance Company.

SAT puts off hearing on Irdai-Sahara Life to August 10

Sahara group had moved SAT challenging Irdai order directing transfer of its life insurance business.

07 Aug 2017 2:52 PM

Total income during the quarter under review stood at Rs 1,552.64 crore as against Rs 1,611.49 crore in the year ago period.

Welspun India Q1 net down 38 pc to Rs 128.56 crore

The stock of the company was trading 0.12 per cent down at Rs 81.70 on the BSE.

07 Aug 2017 2:29 PM

Hindalco is the world's largest aluminium rolling company and one of Asias biggest producers of primary aluminium.

Hindalco board to take up Rs 4,400 cr funds raising via debt

The meeting of the board of directors is scheduled for August 11.

07 Aug 2017 2:22 PM

SoftBank quarterly sales added 3 per cent to 2.19 trillion yen ($20 billion).

SoftBank reports drop in quarterly profit on Alibaba stake

SoftBank quarterly net profit was 5.5 billion yen ($50 million), down from 254 billion yen previous year.

07 Aug 2017 12:49 PM

Over the last three years company had been able to increase market share y-o-y.

FMCG major Britannia to set up largest plant in Maharashtra

Company also planning to set up a diary project at food park with a capacity of 7 lakh litres per day.

07 Aug 2017 12:30 PM

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Sunil Gatade