Business, Companies, 11th Apr 2019, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 04:59 PM IST

Business Companies 11 Apr 2019

Business, Companies, 11 Apr 2019

In February 2019, the investment by Indian firms stood at USD 1.71 billion, the Reserve Bank data on outward foreign direct investment showed.

Indian cos' foreign investment rises 18 pc to USD 2.69 bn in March

Major investors included Tata Steel, which pumped USD 1.15 billion in a subsidiary in Singapore.

11 Apr 2019 7:58 PM

Sebi comes up with system audit framework for AMCs-MFs

The regulator has asked MFs and AMCs to conduct system audit on an annual basis by an eligible independent auditor.

11 Apr 2019 7:51 PM

The merger will bolster Airtel's spectrum pool with significant additional 178.5 MHz spectrum in 1800, 2100 and 850 MHz bands, all widely used for 4G.

Tata Tele merger: DoT seeks Rs 7,200 cr bank guarantee from Airtel

The proposed merger will include transfer of all the customers and assets of Tata CMB to Airtel.

11 Apr 2019 6:19 PM

RBL will be able to segment its customers better, offer them relevant credit products and build custom scorecards. (Photo: DC)

RBL Bank ties up with CreditVidya to improve customer experience

RBL Bank will leverage CreditVidya's big data underwriting platform across its credit card and mobile banking apps.

11 Apr 2019 3:20 PM

A company spokesperson confirming the resignations said: "Such movements in management are part of natural evolution in any organization, and are in line with career aspirations and personal priorities of individuals.

Vedanta-led Cairn India CEO, CFO quit firm

Along with CEO Sudhir Mathur, CFO Pankaj Kalra also resigned recently, sources privy to the development said.

11 Apr 2019 2:42 PM

When asked about the status of 5G readiness of Airtel, Bharti Airtel CTO Randeep Sekhon said the company has applied for all the 4-5 towns where the government has proposed to start the trials and the company is waiting for allotment of spectrum to start the trials. (Photo: PTI)

Airtel to have European vendors Nokia and Ericsson for 4G calling service

Bharti Airtel CTO Randeep Sekhon declined to have any possibility of including Huawei in the 4G calling service network.

11 Apr 2019 2:00 PM

The company’s Monday filing is not public and has not previously been reported.

Ban on TikTok app would harm free speech, China's Bytedance tells India's SC

The Supreme Court has set next Monday for a hearing.

11 Apr 2019 1:40 PM

Former Jet Airways chairman Naresh Goyal.

Naresh Goyal may submit bids for stake in Jet Airways

The airline currently owes Rs 8,000 crore to lenders, led by the SBI.

11 Apr 2019 1:13 PM

The government, in March last year, enhanced number of annual instalments for spectrum payment from 10 to 16 years to provide relief to the debt-laden telecom sector.

Voda Idea, Airtel, Jio pay spectrum dues of over 10,000 cr in April

The payments are towards latest installment in deferred spectrum liability for radiowaves bought in the past auctions.

11 Apr 2019 1:11 PM

Rail Vikas Nigam Ltd Rs 480 crore initial public offer (IPO) was subscribed 1.8 times earlier this month and price range for the issue was fixed at Rs 17-19 per share. (Photo: File | PTI)

Rail Vikas Nigam Ltd shares make flat debut; list at Rs 19

The company's market valuation stood at Rs 4,003.24 crore on the BSE.

11 Apr 2019 12:26 PM

Supreme Court on Thursday closed the case of alleged corruption involving politicians, bureaucrats and corporates in the Enron-Dabhol power project. (Photo: AP)

Enron-Dabhol power project: SC closes case of corruption

Chief Justice Ranjan Gogoi and Justices Deepak Gupta and Sanjiv Khanna allowed the plea of Maharashtra government to close the case.

11 Apr 2019 11:34 AM

Many lessors have taken possession of planes after the airline failed to pay rents. (Photo: Twitter | @jetairways)

SBI extends date for deadline for stake sale in Jet Airways

Qualified bidders will be expected to submit their respective binding bid(s) latest by April 30.

11 Apr 2019 11:15 AM

Uber could become a USD 100 billion company with a massive share offering that will be a bellwether for tech startups.

Uber steers toward blockbuster IPO as road looks rocky

Uber released financial data earlier this year showing it lost USD 865 million in the fourth quarter of 2018.

11 Apr 2019 10:13 AM

A hearing on the revised settlement is scheduled for June 27.

Yahoo to pay USD 117.5 million in latest settlement of massive breach

The value of that settlement had been pegged at USD 50 million.

11 Apr 2019 9:57 AM

BSNL, MTNL suffering due to decisions taken under UPA regime: Manoj Sinha

The price of spectrum swelled multi-fold unexpectedly at the end of the auctions and both the PSUs.

11 Apr 2019 8:38 AM

Sources said several investors have made enquiries about the stake sale.

Deadline for Jet bids extended to Friday

The deadline was to end on Wednesday.

11 Apr 2019 1:04 AM

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Sunil Gatade