Business, Companies, 7th Aug 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 04:22 PM IST

Business Companies 07 Aug 2019

Business, Companies, 07 Aug 2019

In June 2015 order, Sebi had imposed a fine of Rs 2 crore on the firm while in the same matter the regulator in March 2018 levied a total fine of Rs 22 lakh on NDTV and its four officials, including compliance officer and the Roy couple.

SAT upholds Rs 2 crore fine on NDTV for disclosure lapses

It also upheld Rs 19 lakh penalty on the company as well as three officials, including promoters Pranoy Roy and Radhika Roy.

07 Aug 2019 7:05 PM

I do believe that kick-starting the auto industry with a few short-term measures will serve a greater national purpose, said Mahindra group chairman Anand Mahindra addressing the company's shareholders at its 73rd AGM. (Photo: File)

'Cut taxes or rollback cess as auto gloom deepens': Anand Mahindra

As many as 3.50 lakh jobs have reportedly been lost in the auto industry since the start of the fiscal.

07 Aug 2019 6:54 PM

IndiGo Chairman M Damodaran in an email dated August 5 has said the first vacancy on the board after amendment of the AoA would be filled by a woman independent director.

Gangwal's fear Bhatia group could push questionable decisions does no credit to directors: Damodaran

The differences between the two promoters came into the public after Rakesh Gangwal had sought Sebi's intervention.

07 Aug 2019 6:04 PM

Yes, we have asked for certain enablers for the auto industry and they have thought on it. I am very hopeful that there will be a stimulus package (for the auto industry) coming soon, said Society of Indian Automobile Manufacturers President Rajan Wadhera.

Auto industry seeks stimulus package from government

In a meeting with Finance Minister, industry representatives drew attention to challenges faced by the auto industry.

07 Aug 2019 5:09 PM

After this cut, home loans of the bank have become cheaper by 35 bps since April.

SBI lowers lending rates by 15 bps from August 10

The new one-year MCLR or the marginal cost based lending rates will come down to 8.25 per cent from 8.40 pc annum.

07 Aug 2019 2:45 PM

Huawei, the world’s biggest maker of such gear, is at the centre of a geopolitical tug-of-war between China and the United States. (Photo: File | AP)

China warns India of 'reverse sanctions' if Huawei is blocked: sources

Minister Ravi Shankar Prasad told parliament that six proposals have been received for 5G trials, including from Huawei.

07 Aug 2019 12:34 PM

Pine Labs has built a network of over 90 brands and 19 banks and financial services organizations that power EMI transactions for customers.

Pine Labs now enables EMI on credit, debit cards across 85,000 merchants

Pine Labs already powers debit EMI for Axis Bank, ICICI Bank, SBI and HDFC Bank customers.

07 Aug 2019 9:53 AM

Shares of the DHFL closed at Rs 55.40 apiece on the BSE, up 32.06 per cent.

No haircuts to any creditors: DHFL's resolution plan

The committee also approved submission of the draft resolution plan to the lenders of the company.

07 Aug 2019 9:05 AM

BP will own a 49 per cent stake in its new Indian joint venture, with the rest held by Reliance, operator of the world’s biggest refining complex.

BP to enter India's fuel retail market with Reliance tie-up

The new venture will take over Reliance’s 1,400-plus retail fuel stations and its aviation fuel business spread across 30 Indian airports.

07 Aug 2019 8:42 AM

The companies are likely to incur higher interest costs due to this higher debt-funded capex and this will affect the net margins. (Representational image)

Low single digit growth seen for tyre firms

Higher spend towards servicing debt-funded capex will squeeze the margins as well.

07 Aug 2019 2:13 AM

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Mohan Guruswamy