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  Business   Companies  14 Mar 2019

Business, Companies, 14 Mar 2019

RBI categorises IDBI Bank as private sector lender

IDBI Bank has been categorised as a private sector lender following acquisition of majority stake by LIC, RBI said.

14 Mar 2019 6:49 PM

CBRE to hire 3,000 employees in India to grow business

At present, CBRE India has around 8,300 employees who provide various services in the real estate sector.

14 Mar 2019 5:04 PM

Life insurers register 33 pc growth in new premium income at Rs 18,209 cr in Feb

The life insurers had collected first-time premium worth Rs 13,724.96 crore in same month a year ago.

14 Mar 2019 3:43 PM

Decision on funding to Jet Airways will be on collective basis, says PNB

The airline has already defaulted on repayments on external commercial borrowings due to the paucity of funds.

14 Mar 2019 3:22 PM

BoI to raise Rs 400-500 cr from non-core asset sale this month

The bank had also earlier planned to raise around Rs 800 crore by selling stake in STCI Finance and Sidbi.

14 Mar 2019 3:14 PM


Former RBI deputy governor S S Mundra appointed as chairman of Acuite Ratings

Mundra has served as Deputy Governor of Reserve Bank of India and as Chairman and Managing Director of Bank of Baroda.

14 Mar 2019 3:09 PM

Ranbaxy-Daiichi case: SC asks how Singh brothers will pay Rs 3500 crore

The company had then sold its stake in Ranbaxy to Sun Pharmaceuticals for Rs 22,679 crore in 2015.

14 Mar 2019 3:00 PM

Stop sale of telecom signal boosters without licence: COAI to e-tailers

In a letter to e-commerce players COAI said mobile signal boosters that require a licence are being sold on their platforms.

14 Mar 2019 2:55 PM

Bharti Airtel arm applies for in-flight connectivity licence

Last month, Hughes Communications India became the first company to be granted the in-flight and maritime connectivity licence in India.

14 Mar 2019 12:36 PM

Acko raises USD 65 mn from investors

Acko General Insurance claims to offer an intuitive purchase experience, cheaper prices and stress-free claims.

14 Mar 2019 12:24 PM


California jury awards USD 29 million to woman with cancer who used J&J talc

The verdict marks the latest defeat for the healthcare conglomerate facing more than 13,000 talc-related lawsuits in America.

14 Mar 2019 10:38 AM

Forum slaps Rs 25,000 fine on Coca-Cola's bottling arm

Forum directed the respondents to pay Rs 8 as well to the petitioner -- the price at which he bought the worm-infested cold drink bottle.

14 Mar 2019 9:23 AM

Reliance halts oil exports to Venezuela in view of US sanctions

Reliance has investments in US shale gas projects and trades fuel in North America.

14 Mar 2019 9:14 AM

Lenders sell 12 crore shares of Reliance Communications

Company has been reeling under a debt of around Rs 47,000 crore and has opted for invoking bankruptcy proceedings.

14 Mar 2019 9:11 AM

Govt releases Rs 171 crore pending dues to MTNL to pay salaries

Both companies have failed to pay salaries of their employees for last month, according to employees' representatives.

14 Mar 2019 9:07 AM


Facing revenue shortfall, Govt pushes IOC, ONGC to pay 2nd interim dividend

IOC has called a board meeting on March 19 to consider paying a second interim dividend, ONGC has declined.

14 Mar 2019 9:01 AM

Baba Ramdev's Patanjali raises bid value to Rs 4,350 cr to take over Ruchi Soya

The Committee of Creditors (CoC) could meet next week to consider the revised offer of Patanjali.

14 Mar 2019 8:56 AM

NCLAT reserves order on RCom plea to release funds

RCom has been asked by both the Supreme Court and the NCLAT to pay Rs 550 crore to Ericsson.

14 Mar 2019 8:48 AM

Sula Vineyards takes wine to China

The wine producer is now considering Oman as the next country for expansion in the Middle East.

14 Mar 2019 2:43 AM

Rahul Bajaj to quit Finserv chair

His appointment as Chairman Emeritus will be effective from May 16, it added.

14 Mar 2019 2:38 AM