Home » Business » Companies

Companies - Page 124

Essar Steel promoters, however, wanted the CoC to consider their offer as it offered maximum value to all stakeholders and cannot be ignored citing some process lacunae.

Supreme Court orders status quo in Essar insolvency case

Essar Steel was auctioned under the new IBC to recover Rs 54,547 crore of unpaid dues of financial lenders.

22 July 2019 11:29 AM IST

Jio will engage its users every Saturday to help them learn about the JioPhone features, use of apps, internet safety, and more. (Photo: ANI)

Reliance mobile operator Jio to focus on subscriber numbers not...

Analysts had predicted that Jio would start raising its tariffs as soon as it reached a critical mass of subscribers.

22 July 2019 10:39 AM IST

MobiKwik, on Tuesday announced its partnership with Microsoft for powering digital payment services.

MobiKwik aims to clock Rs 500 cr revenue from its payment gateway biz

Taku said the company has a strong focus on enterprise-grade security protocols for its PG business.

22 July 2019 9:22 AM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Airtel to seek shareholders' nod for waiver of recovery of excess pay...

Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi.

22 July 2019 9:17 AM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.

IndiGo to expand board; to have 4 independent directors

Sebi and the corporate affairs ministry are looking into the alleged governance lapses at InterGlobe Aviation.

22 July 2019 9:08 AM IST

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Kumar Mangalam Birla's remuneration from UltraTech fell 18.8 pc to Rs...

UltraTech had 19,557 permanent employees on its rolls as on March 31, 2019.

21 July 2019 2:31 PM IST

Reliance Industries Limited

Reliance says its main gas fields in KG-D6 block in late life stage

The fields produced an average of 1.76 million standard cubic metres per day of gas during April-June, the firm said.

21 July 2019 1:40 PM IST

Bank of Baroda on Tuesday said its loan account to debt-laden Infrastructure Leasing and Financing Services (IL&FS) continues to remain standard at present.

IL&FS case: Sebi widens probe into role of rating agencies

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

21 July 2019 11:55 AM IST

The Reserve Bank of India (RBI) late on Monday dropped Axis Bank from a list of banks it has cleared to import gold and silver in the current financial year that began April 1.

Axis Bank to raise Rs 18,000 crore through equity shares

The bank is one of the worst-affected private lenders after the Reserve Bank's asset quality review.

20 July 2019 5:18 PM IST

Mukesh Ambani has been instrumental in launch of RILs telecom arm Reliance Jio. (Photo: PTI)

Mukesh Ambani keeps salary capped at Rs 15 crore for 11th year in a...

Mukesh Ambani's remuneration for 2018-19 included Rs 4.45 cr as salary and allowances, which is marginally lower than Rs...

20 July 2019 12:14 PM IST

Meanwhile, DoT said it will take a call on next round of auction of 5G spectrum.

Brookfield to invest Rs 25,215 cr in Reliance's telecom tower arm

This is the second investment this year that Brookfield is making in a venture controlled by richest Indian Mukesh...

20 July 2019 10:08 AM IST

The government on Monday said it will still want to see if IndiGo bids for Air India.

IndiGo quarterly profit soars to Rs 1,203 cr; higher passenger...

The company has reported the highest ever quarterly profit after tax in the latest June quarter.

20 July 2019 9:53 AM IST