Business, Companies, 14th Aug 2018, News & Stories from India

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Business Companies 14 Aug 2018

Business, Companies, 14 Aug 2018

MTNL losses stood at Rs 703.1 crore in the corresponding period of 2017-18.

MTNL's losses mount to Rs 943 crore during June quarter

MTNL scrip closed at Rs 15.45 a share on BSE, about 0.64 per cent lower than the previous closing.

14 Aug 2018 7:25 PM

Short term ICICI Bank FD rates for senior citizens range from 4.50 per cent to 7.00 per cent per annum.

ICICI Bank hikes fixed deposit interest rates

ICICI Bank offers best FD rate of 7.75 per cent on term deposits for a tenure of 2 years 1 day to 5 years.

14 Aug 2018 5:53 PM

The provision for bad loan alone was Rs 4,602.55 crore, as against Rs 1,873.21 crore.

IDBI Bank Q1 loss widens to Rs 2,410 crore

IDBI Bank posted a loss of Rs 853 crore in the April-June quarter of last fiscal, 2017-18.

14 Aug 2018 4:12 PM

Sun Pharmaceutical Industries on Tuesday reported a consolidated net profit of Rs 982.51 crore for the quarter ended June 30, 2018.

Sun Pharma Q1 net profit at Rs 982.51 crore

The company had posted a net loss of Rs 424.92 crore for the corresponding period of 2017-18.

14 Aug 2018 3:21 PM

In mounting troubles for crisis-hit Jet Airways, the airline and some credit rating agencies have come under regulatory scanner for alleged lapses in timely disclosure of default risk of loans worth Rs 11,000 crore taken from state-owned as well as private sector banks.

Jet Airways, rating agencies under scanner for lapses in loan disclosure

Sebi is already looking into the issues surrounding deferment of the airline's financial results.

14 Aug 2018 11:17 AM

Smitha V Crishna of the Godrej Industries is the wealthiest woman in India while Kiran Majumdar-Shaw is the wealthiest self-made woman.

Godrej’s Smitha Crishna is India’s wealthiest woman

Kotak Wealth Hurun estimated Crishna to own a wealth of Rs 37,570 crore.

14 Aug 2018 9:48 AM

After coming to the aid of bleeding IDBI Bank, insurance behemoth LIC is all set to bail out the debt-ridden Infrastructure Leasing & Financial Services (IL&FS).

Questions of propriety raised over LIC bailing out IL&FS

The IL&FS bailout would be one of the biggest for the insurer, as it would mean taking over a debt of Rs 65,000 crore.

14 Aug 2018 9:18 AM

Jet Airways on Monday brushed off reports of a possible stake sale and also put to rest questions on rising debts that raised concerns on its ability to keep the airline flying.

Jet Airways denies stake sale, allays fears of debts

Jet Airways is reportedly suffering heavy losses and has been passing through a tough phase.

14 Aug 2018 8:31 AM

Xiaomi retained the top spot by shipping 10 million units and capturing 29.7 per cent share, followed by Samsung 23.9 per cent share (8 million units) and Vivo with 12.6 per cent share (4.2 million units), the data showed.

Smartphone market grew 20 per cent, says IDC

Xiaomi entered Indian market in July 2014.

14 Aug 2018 12:28 AM

However, to retain and expand market share, telecom companies will need to improve their services.

Telcos likely to recover in FY20

Average realisation per MB (ARMB) plummeted from around 23 paise in fiscal 2016 to a mere 1.6 paise in fiscal 2018.

14 Aug 2018 12:25 AM

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