Business, Companies, 15th Nov 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 09:47 PM IST

Business Companies 15 Nov 2019

Business, Companies, 15 Nov 2019

Shares of Tata Motors on Friday ended up by 0.96 per cent at Rs 168.60 on BSE.

Tata Motors raises Rs 500 crore via preferential shares allotment

The company's board-approved committee has approved allotment of 5,000 rated, listed, unsecured, redeemable, NCDs.

15 Nov 2019 8:41 PM

The stock lost 7.94 per cent to settle at Rs 143.70 on the BSE.

Fortis Healthcare shares down nearly 9 pc after Singh brothers held guilty

The stock shed 17.37 per cent to touch a low of Rs 129. On the NSE, it lost 17.4 per cent to Rs 129.

15 Nov 2019 7:12 PM

The Supreme Court on November 15, paved the way for ArcelorMittal takeover of debt-ridden Essar Steel for Rs 42,000 crore and set aside the July 4

Look forward to close Essar Steel acquisition soon: ArcelorMittal

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

15 Nov 2019 4:17 PM

The in-app campaign witnessed participation from over 2 million VMate users across India, creating more than 1 million unique short-videos to support their favourite Jodis.

2 mn VMate users participated to encourage celebrity jodis of Nach Baliye

VMate and Nach Baliye Season 9's association concludes with remarkable response; VMate users won rewards worth Rs 1 crore.

15 Nov 2019 4:05 PM

The launch of 'Maha Loan Dhamaka' is an initiative to provide a bouquet of on-the-spot loan approvals and exclusive manufacturer-led offers.

ICICI Bank to organise 2,000 loan camps across India

The Bank offers instant approvals for loans -- home, personal, two and four wheeler, and credit cards.

15 Nov 2019 4:01 PM

The company runs on an asset-light model to fund scooters and uses scooters indigenously made by Indian electric manufacturers.

IAN Fund empowers connected shared mobility in India; invests Rs 15 cr in e-scooter

The start-up leverages its fleet of IoT-powered electric scooters to make commute convenient, affordable, and eco-friendly.

15 Nov 2019 3:53 PM

Initially, engines of 16 A320 neo planes of IndiGo were to be modified by November 12, while 13 such aircraft of GoAir by November 13.

DGCA gives more time to IndiGo, GoAir for modifying P&W engines

DGCA said its directive to IndiGo on complete change of all P&W engines with modified LPT by January 31 remains in force.

15 Nov 2019 3:00 PM

Airtel said that IUC should not come down to zero and the BAK regime should be postponed by at least three years.

Delay in implementation of zero call connect charges to hurt service: Jio

Traffic symmetry indicates that telecom operator will not have any outstanding balance of IUC against other networks.

15 Nov 2019 2:42 PM

The stock moved up by similar margins on the NSE in early trade. It was trading at Rs 3.05, up 3.39 per cent.

Vodafone Idea shares jump over 10 pc despite huge loss in Sep qtr

Telecom operator Vodafone Idea on Thursday reported consolidated loss of Rs 50,921 crore.

15 Nov 2019 2:33 PM

Fleeca is catering to a niche segment, hence require in-depth research.

Fleeca India signs MoU with CEERI for innovative product development

This collaboration will bring intelligent system for tyre pressure monitoring system (TPMS) based on artificial intelligence.

15 Nov 2019 1:50 PM

Bharti’s Indian revenue rose 3 per cent year-on-year to 153.61 billion rupees. (Photo: PTI)

Bharti Airtel posts USD 3.2 billion loss on provisions for telecoms dues

Bharti said it made a provision of 284.50 billion rupees, more than 92 per cent of the overall charge for exceptional items.

15 Nov 2019 12:50 PM

Essar SteelBanks had moved the Supreme Court earlier this year after an appellate court judgment put the claims of Essar’s operational creditors on par with those of its lenders.

Supreme Court clears path for ArcelorMittal to acquire Essar Steel

The apex court said operational creditors cannot be treated on par with financial creditors of a bankrupt company.

15 Nov 2019 12:27 PM

India pharma companies continued to be hit by warning letters from US Food and Drug Administration (US FDA).

Aurobindo unit gets 14 observations

Given the sizeable number of observations, it has overshadowed the company’s decent September quarter numbers.

15 Nov 2019 2:36 AM

Citing that the government steps do not address the widespread weakness in consumption demand in the country, Moody’s said, “We have revised down our growth forecast for India. We now forecast slower real GDP growth of 5.6 per cent in 2019, from 7.4 per cent in 2018.”

Moody’s cuts GDP growth forecast to 5.6 per cent for this fiscal

Moody’s had on October 10 cut India’s economic growth forecast for 2019-20 fiscal to 5.8 per cent from an earlier estimate of 6.2 per cent.

15 Nov 2019 2:24 AM

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Mohan Guruswamy