Business, Companies, 14th Feb 2019, News & Stories from India

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Business Companies 14 Feb 2019

Business, Companies, 14 Feb 2019

The bank has up to 31 December 2018 recovered Rs 16,600 crore.

PNB to e-auction 4,000 properties to reclaim loans

• According to the bank, the action will help in achieving the recovery of Rs 26,000 crore during current FY 2018-19.

14 Feb 2019 2:34 PM

Consolidated revenue from operations of the company stood at Rs 1,103.27 crore for the quarter as against Rs 1,120.65 crore for the same period year ago. (Photo: File)

Fortis posts Rs 180 cr loss for Oct-Dec quarter

The company had posted a net loss of Rs 19.10 crore for the corresponding period of the previous fiscal.

14 Feb 2019 2:00 PM

The former Easyjet executive joined the Wadia group airline only last June. (Photo: Twitter)

Goair CEO Vrieswijk quits within nine months

Dutch national joined Goair only last June after the departure of Wolfgang Prock-Schauer in December 2017.

14 Feb 2019 1:25 PM

Bank of Singapore had previously signed similar strategic partnerships with two financial institutions one from Japan and another from Switzerland. (Photo: File)

Edelweiss, Bank of Singapore sign MoU for strategic partnership

"This is the first time that an Indian wealth manager of Edelweiss' size and stature is partnering with an offshore private bank,": EFS.

14 Feb 2019 1:12 PM

The enterprise value payable for the acquisition of 100 per cent share capital of Nielsen+Partner is EUR 28 million on a cash-free, debt-free basis, which includes upfront consideration and a performance based earn-out. (Photo: File)

Larsen & Toubro lnfotech to acquire Germany's Nielsen+Partner for EUR 28 mn

The acquisition is subject to customary closing conditions which are expected to get completed within six weeks.

14 Feb 2019 1:08 PM

Airbus said in a statement that the last A380 would be delivered in 2021. (Photo: Twitter)

Airbus to scrap production of A380 superjumbo

Airbus will produce 17 more of the planes including 14 for Emirates and 3 for Japanese airline ANA.

14 Feb 2019 1:05 PM

The improvement meant Nestle beat forecasts for 3.5 percent quarterly growth in a Reuters poll and was also better than the 2.9 percent growth reported by peer Unilever last month. (Photo: File)

Nestle expects pick up in sales growth to be maintained

Nestle's organic sales grew 3 percent in the full year, accelerating to 3.7 percent in the final quarter.

14 Feb 2019 1:01 PM

Shares of the company were the biggest gainer on both the indices during the morning trade.

Yes Bank shares zoom 30 per cent; m-cap rises by Rs 8,590 crore

The shares after opening the day on a positive note further skyrocketed 28.95 per cent to Rs 218 on BSE.

14 Feb 2019 11:49 AM

BSNL employees have announced a three-day nationwide strike demanding allotment of 4G spectrum to the telecom PSU and wage revision for the workforce.

Central trade unions extend support to 3-day strike by BSNL staff

The ten central trade unions that extended their support to the proposed strike included INTUC, AITUC, HMS, and CITU amongst others.

14 Feb 2019 11:39 AM

Tata Steel is in the process of merging its European operations with German steel major Thyssenkrupp AG to create a 50-50 joint venture.

Tata Steel UK CEO Bimlendra Jha resigns

An email query sent to Tata Steel seeking comment over the resignation remained unanswered.

14 Feb 2019 11:31 AM

HP is also exploring introduction of various accessories to compliment these new products.

HP expands premium play in India with new laptops

The company has unveiled a leather-covered convertible PC Spectre Folio that is priced at Rs 1.99 lakh.

14 Feb 2019 11:27 AM

No resource crunch: GICHF

As on December 31, 2018, the average cost of fund stood at 8.01 per cent whereas its incremental cost of fund was at 8.80 per cent.

14 Feb 2019 1:55 AM

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Shobhaa De