Business, Companies, 10th Apr 2019, News & Stories from India

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Business Companies 10 Apr 2019

Business, Companies, 10 Apr 2019

"We are focused on enabling economic opportunities at every level and are committed towards generating gainful employment and entrepreneurship through our growing network of OYO Hotels and Homes in India," OYO India and South Asia Chief Executive Officer Aditya Ghosh said.

Have created over 1 lakh direct and indirect jobs in India: OYO

The company is helping empower multiple ancillary industries in the hospitality ecosystem by leveraging scale, OYO said in a statement.

10 Apr 2019 9:08 PM

Shares of Jet Airways declined 1.59 per cent to close at Rs 263.40 on the BSE on Wednesday. (Photo: File | ANI)

Jet Airways: Consortium bidders to submit individual solvency certificates

SBI-led consortium of domestic lenders are implementing a debt resolution plan for Jet Airways.

10 Apr 2019 7:42 PM

"TCS has been leveraging its deep domain knowledge across multiple industries to build custom cloud solutions that help businesses accelerate their Business 4.0 transformation initiatives," TCS Global Head (Alliances and Technology Unit) Raman Venkatraman said.

TCS, Google join hands to build industry-specific cloud solutions

TCS is a primary partner of Google Anthos - a platform for building, running and managing services both on-premises and in cloud.

10 Apr 2019 7:16 PM

The Delhi high court issued notice to RBI and Google India seeking their stand on the issue raised in the plea by Abhijit Mishra, who has contended that GPay does not figure in RBI's list of authorised 'payment systems operators.'

How is Google Pay operating without authorisation: Delhi HC asks RBI

A PIL claims that GPay was acting as a payments system provider in violation of the Payments and Settlements Act.

10 Apr 2019 3:16 PM

Shareholders often file lawsuits accusing companies of securities fraud for concealing material negative information that causes the stock price to decline upon becoming public. (Photo: AP)

Boeing shareholders sue over 737 MAX crashes, disclosures

The lawsuit seeks damages for Boeing stock investors from January 8 to March 21.

10 Apr 2019 9:49 AM

The deal would make Ford the latest automaker to pare back its interests in India.

Ford likely to end independent India business with new Mahindra deal: sources

Ford will form a new unit in India in which it will hold a 49 per cent stake, while Mahindra will own 51 per cent.

10 Apr 2019 8:50 AM

The bank had linked all cash credit accounts and overdrafts with limits above Rs 1 lakh to the repo rate plus a spread of 2.25 per cent.

Following smaller peers, SBI cuts loan rates by marginal 5 bps

The new one-year marginal cost of funds-based lending rate is down to 8.50 per cent now from 8.55 per cent earlier.

10 Apr 2019 8:38 AM

Vodafone Idea is in discussion to sell 1.56 lakh kilometre of optical fibre.

Voda Idea expects Indus Tower stake sale in 3-4 months for Rs 5500 cr

The company expects that the money raised from the stake sale in Indus Tower and the Rs 25,000 crore rights issue.

10 Apr 2019 8:34 AM

The SLCM Group, which entered the Myanmar market in 2014, has, so far, managed 3.24 million square feet of commodity storage space in 127 industrial zones and has handled 521 commodities with a total volume of 10.14 million tonne.

SLCM gets $3 million loan from IFC

In the past 5 years, we have been able to reduce post-harvest losses to 0.5 per cent in the country.

10 Apr 2019 1:28 AM

Significantly, the typical breed of portable 3-blade high speed fans available may have higher RPM, but give out lesser CMM of air with lesser thrust and come with lots of noise.

Orient eyes southern market

The southern states in the country, known for experiencing a hot and humid climate in the summer season, are in need of portable fans.

10 Apr 2019 1:25 AM

The retail credit growth of NBFCs has come down from 22 per cent in FY18 to 16 to 18 per cent by FY19.

NBFC retail to cross Rs 10 lakh crore

ICRA anticipates that the availability of funds and their cost will continue to be a worry in the first half of FY20 as well.

10 Apr 2019 12:40 AM

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Shobhaa De