Business, Companies, 11th Sep 2018, News & Stories from India

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Business Companies 11 Sep 2018

Business, Companies, 11 Sep 2018

Samsung opens world's largest mobile experience centre in Bengaluru

The South Korean tech giant would showcase its full lineup of smartphones and wearable devices at the experience centre.

11 Sep 2018 7:19 PM

IT company Tech Mahindra said Tuesday it would conduct a thorough probe after a former employee, just days after the Supreme Court decriminalising homosexuality, alleged harrasment and discrimination by his then team manager in 2015.

Tech Mahindra ex-employee accuses manager of discrimination against homosexuals

Mahindra Group Chairman Anand Mahindra said the company is investigating the matter.

11 Sep 2018 7:13 PM

State-run telco BSNL is set to receive 4G spectrum next month which will enable it to commercially roll out services from March, a senior official said on Tuesday.

BSNL to get 4G spectrum next month, says official

Getting the fourth generartion (4G) spectrum will help the telco offer faster data services to its over 100 million customers.

11 Sep 2018 7:00 PM

Reliance Jio will use Hughes satellite services for providing 4G services in some parts of rural and remote area. (Photo: PTI)

Jio to use Hughes satellite to provide 4G services in remote, rural areas

The Mukesh Ambani-led company will connect more than 400 sites in remote and rural locations for the services.

11 Sep 2018 6:22 PM

Indian gas firm GAIL (INDIA) Ltd aims to add 5,500 km gas pipelines to boost its capacity by about 50 per cent in the next 3 years, its chairman said on Tuesday.

GAIL India aims to add 5,500 km gas pipeline in 3 years

Tripathi said GAIL has also booked 1.5 million tonnes a year regassification capacity at Dhamra LNG terminal in eastern Odisha state.

11 Sep 2018 5:42 PM

Reliance Retail on Tuesday claimed that JioPhones have 80 per cent market share in sub-Rs 1,500 mobile phone segment.

JioPhone grabs 80 pc market share in sub-Rs 1,500 segment: Reliance Retail

JioPhone users spend more time using the internet and applications than even smartphone users.

11 Sep 2018 5:09 PM

IT services firm HCL Technologies on Tuesday said its Rs 4,000 crore buyback offer will commence on September 18.

HCL Tech's Rs 4,000 crore buyback offer to commence on September 18

The company's shareholders had last month approved the buyback proposal.

11 Sep 2018 3:34 PM

Shares of Yes Bank were trading 0.32 per cent lower at Rs 322.70 apiece on BSE.

Yes Bank raises USD 400 million through syndicated loan facility

Yes Bank's IBU has crossed USD 3 billion balance sheet within three years of starting operations at GIFT City.

11 Sep 2018 1:01 PM

Unlisted public companies are expected to facilitate the dematerialisation of their securities in coordination with depositories and share transfer agents. (Representational image)

From Oct 2, unlisted cos to issue new shares in demat form: govt

The decision also comes at a time when the ministry is clamping down on shell companies.

11 Sep 2018 12:15 PM

The Supreme Court on Tuesday agreed to hear tomorrow a plea of ArcelorMittal seeking extension of time for payment of Rs 7,000 crore as ordered by NCLAT last week for its bid to become eligible for Essar Steel.

SC to hear tomorrow plea of ArcelorMittal against NCLAT order on Essar auction

Anil Aggrawal's Vedanta is a third qualified bidder for Essar Steel.

11 Sep 2018 11:45 AM

The company’s current annual gas marketing portfolio comprises 14 million tonnes.

GAIL India says aims to add 5,500 km gas pipeline in 3 years

India wants to raise share of natural gas in its energy mix to 15 per cent in next few years from about 6.5 per cent.

11 Sep 2018 11:08 AM

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Shobhaa De