Business, Companies, 14th Oct 2017, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 02:16 PM IST

Business Companies 14 Oct 2017

Business, Companies, 14 Oct 2017

The merger is expected to be value accretive from inception given IndusInd Bank's lower cost of funds.

IndusInd to buy Bharat Financial; merger to be over in 10 months

Shareholders will receive 639 shares of IndusInd for every 1,000 shares of the microfinance major.

14 Oct 2017 6:48 PM

Radhakishan Damani's supermarket chain D-Mart sells goods at cheaper prices.

Avenue Supermarts Q2 net up 65.2 per cent to Rs 191 crore

This was led by 66 per cent year-on-year decline in interest expenses.

14 Oct 2017 5:17 PM

The board at its meeting on Saturday approved a composite scheme of arrangement among BFIL.

IndusInd Bank approves acquisition of Bharat Financial

IndusInd Bank will exchange 639 of its shares for every 1,000 shares in Bharat Financial.

14 Oct 2017 4:04 PM

Tesla Inc fired about 400 employees this week.

Tesla fired hundreds of employees in past week

Tesla cited performance as the reason for the firings.

14 Oct 2017 3:46 PM

New BIS Act comes into force from Oct 12; puts jewellery under its ambit

Parliament had in March 2016 passed the law to replace the BIS Act of 1986.

14 Oct 2017 2:54 PM

The idea was to reduce the travel time by two hours with the current infrastructure and rolling stock.

Indian Railways' Diwali gift: Cheaper, faster Rajdhani on Mumbai-Delhi route

Compared to maximum flexi fare for Mumbai- Delhi Rajdhani for second AC of Rs 4,105, this train will cost Rs 3270.

14 Oct 2017 2:49 PM

Shares of the company closed almost flat at Rs 1,128.15 on the BSE.

InterGlobe to seek shareholders' nod for giving loans

Company would seek nod for extending travel benefits to the non-executive independent directors.

14 Oct 2017 12:16 PM

In June, 43 outlets of the fast food chain were closed in the capital following expiry of eating house licences.

McDonald's in HC against NCLT show cause notice

Bakshi had moved the contempt plea alleging that McDonald's decision to terminate his franchise licence.

14 Oct 2017 12:10 PM

The coal despatch to power sector registered a growth of 21 per cent in the last month and around 22 per cent till Thursday. (Representational Image)

CIL's production growth at 13 per cent in October so far

Goyal complimented employees of CIL for achieving 10.1 per cent growth in coal production for Sept 2017.

14 Oct 2017 12:00 PM

DLF is a major player in India's real estate industry. (Photo: PTI)

Put real estate under 12 per cent GST bracket: DLF CEO

Rajiv Talwar further suggests GST Council to move towards a single slab structure of taxation.

14 Oct 2017 11:37 AM

Reliance Jio is telecom arm of energy giant Reliance Industries led by richest Indian Mukesh Ambani. (Photo: AFP)

With Rs 271 crore Q2 loss, Reliance Jio expects to turn profitable soon

Jio launched late last year with free voice and cut-price data, sparking a price war in India’s cut-throat telecoms sector.

14 Oct 2017 10:43 AM

NCLT route won’t help all NPA cases, says SBI MD

The banks that find it tough to recover loans from borrowers can refer such cases to the NCLT as part of insolvency proceedings.

14 Oct 2017 3:34 AM

Market watchers have given a thumbs up to the acquisition that involve Airtel taking over the customers and spectrum of Tata Teleservices and Tata Teleservices Maharashtra in a cash free and debt free deal. (File Photo)

Tata Tele deal to help Airtel match Voda-Idea

The shareholders of Idea Cellular have approved merger scheme of its mobile business with Vodafone India.

14 Oct 2017 3:28 AM

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Dilip Cherian