Business, Companies, 8th Aug 2019, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 12:49 PM IST

Business Companies 08 Aug 2019

Business, Companies, 08 Aug 2019

Early this year, Lakshmi Vilas Bank had announced its merger with Indiabulls Housing Finance Ltd in a share-swap deal with an intent to create a combined entity with larger capital base and wider geographical reach.

Working in close cooperation: Lakshmi Vilas Bank on Indiabulls Housing merger

On the recovery of bad loans, the bank said efforts to recover them have gained momentum.

08 Aug 2019 8:56 PM

The Union of India/ILFS are directed to file a fresh Progress Report by September 3, 2019, said the appellate tribunal.

NCLAT expresses displeasure over delay in IL&FS resolution

NCLAT directed Corporate Affairs Ministry and IL&FS group to file a fresh progress report by September 3.

08 Aug 2019 8:43 PM

Finance Minister Nirmala Sitharaman and ministry officials met captains of the industry on Thursday to deliberate upon the issues about the economy and sagging industrial growth. (Photo: File)

Govt assured of action soon to revive industry, push eco growth: India Inc

Piramal Enterprises's Ajay Piramal said that industry raised several matters such as reluctance of banks to lend to the industry.

08 Aug 2019 6:58 PM

We respect the sentiments of the industry and the intent was never to treat CSR defaulters as criminals. The misunderstanding appears to be an outcome of a drafting exercise that was undertaken to bring parity among Sections 134 and 135, said Corporate Affairs Secy Injeti Srinivas.

CSR no more an act of magnanimity; no intention to criminalise any default: Corp Affairs Secy

It is more of a drafting issue and not imposition of an additional penal provision, said Corp Affairs Secy Injeti Srinivas.

08 Aug 2019 6:41 PM

Zomato provides in-depth information for over 1.4 million restaurants across 24 countries and serves more than 70 million users every month.

Zomato lays off around 60 employees

Most of these redundancies are in the customer support department and also include movements to other departments as part of IJP.

08 Aug 2019 5:17 PM

Reserve Bank of India’s (RBI) industrial survey may hold the answer. 1,231 companies took part in the survey.

Reserve Bank of India survey shows Indian companies are stressed over finance

Companies are very despondent about the cost of capital. They are also less cheerful than earlier on availability of funding.

08 Aug 2019 4:04 PM

Steel Authority of India Limited is deeply shocked and anguished while sharing the news of murderous assault, the company said, adding that Anil Kumar Chaudhary was attacked with iron rods on his head, neck, knees and legs.

Chairman of SAIL faces 'murderous assault' in New Delhi

We know this was not spontaneous, said an executive at the company.

08 Aug 2019 1:27 PM

Rovio’s gross bookings from its games grew slightly, rising 0.6 per cent year on year to 65.2 million Euros (USD 73 million).

Angry Birds maker Rovio's profit hit by Hatch expansion

Angry Birds second-quarter operating profit fell 11.3 pc to 5.3 mn Euros (USD 5.94 mn) on sales that were flat at 71.8 million Euros.

08 Aug 2019 1:24 PM

Shares of Emami were trading at Rs 316.50 per scrip on BSE, up 2.81 per cent from the previous close.

Emami Q1 profit up 48 per cent to Rs 39 crore

The company had reported a profit of Rs 26.46 crore in April-June a year ago.

08 Aug 2019 1:22 PM

Affle India scrip made a robust debut as it opened the day at Rs 929.90, a huge gain of 24.81 per cent from its issue price on the BSE. It later jumped 28.63 per cent to Rs 958.30.

Affle India shares mark remarkable debut; jump nearly 25 per cent

The Rs 459-crore initial public offer of Affle India was a huge hit among investors as it was subscribed 86.49 times last week.

08 Aug 2019 1:09 PM

The business is going on as usual and normal and company is generating adequate cash. So much so, that the company has prepaid Rs 300 crore towards non-convertible debentures (NCDs), earlier than its due date, Managing Director (Designate) JSPL V R Sharma said.

JSPL denies payment defaults; says business as usual

The company said all speculations/rumours with respect to payment default are 'baseless and false in nature'.

08 Aug 2019 12:52 PM

LufthansaNew flight will form a direct connection between India’s Silicon Valley and Europe’s first and only 5-Star airport, voted ‘Best Airport in Europe’ 12 times in 14 years. (Photo: AP)

Lufthansa to launch new flight between Bengaluru and Munich

5 times weekly flight to be operated by state of the art A350-900.

08 Aug 2019 8:57 AM

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Sunil Gatade