Business, Companies, 17th Apr 2019, News & Stories from India

Friday, Apr 26, 2024 | Last Update : 03:59 PM IST

Business Companies 17 Apr 2019

Business, Companies, 17 Apr 2019

The last flight of Jet Airways will leave the Amritsar airport at 2230 hrs for New Delhi as per its flight schedule. (Photo: PTI/File)

'No joy of flying', as Jet Airways grounds operations temporarily

The airline said the decision follows the lenders refusing to offer a Rs 400-crore lifeline.

17 Apr 2019 7:43 PM

Last month, L&T had acquired Cafe Coffee Day owner VG Siddhartha's 20.32 per cent stake in Mindtree, and placed an order with brokers to pick up another 15 per cent shares from the open market.

Mindtree's special dividend could strip firm of Rs 320 cr ahead of L&T takeover

Asked if Mindtree anticipated any objection from L&T on its latest move, Ravanan said: 'I have absolutely no idea.'

17 Apr 2019 7:26 PM

Nielsen maintained that the FMCG industry growth outlook will be in the range of 11-12 per cent in 2019, almost 2 per cent lower than that in 2018.

FMCG growth to slow down at 11-12 per cent in 2019: Report

The industry is expected to grow at 12-13 pc during the April to June quarter of calendar year 2019, according to Nielsen.

17 Apr 2019 7:10 PM

Reliance Retail, the retail arm of billionaire Mukesh Ambani-owned Reliance Industries, is “aggressively pursuing the deal”, a website quoted one of the sources as saying.

Reliance Industries in talks to buy British toymaker Hamleys: Report

Reliance Retail currently has the license to sell Hamleys products in India.

17 Apr 2019 4:22 PM

'Insta Two-Wheeler Loan', offers over 12 million pre-approved customers the facility to get instant sanction of loan up to Rs 2 lakh for a tenure of up to three years, ICICI Bank said in a statement.

ICICI Bank launches insta car, two-wheeler loans

'Insta Auto Loan', enables customers to avail the final sanction letter of a car loan instantly and digitally up to Rs 20 lakh.

17 Apr 2019 4:00 PM

The Telecom Department has prepared a rescue plan for MTNL and BSNL in form of a revival package.

See no challenge in payment of April salaries to staff: MTNL CMD

Company will be able to pay April wages totalling about Rs 200 crore from internal accruals and its existing cash balance.

17 Apr 2019 3:55 PM

'Consolidated profit for the quarter was impacted due to foreign exchange loss of Rs 7.8 crore, compared with Rs 2.3 crore of foreign exchange gain in the corresponding quarter of 2018,' the company said in a regulatory filing.

Crisil net profit falls 6.8 pc to Rs 76.6 crore in Jan-Mar quarter

The total income in first quarter was nearly flat at Rs 422.9 crore, compared with Rs 427.6 crore in first quarter of 2018.

17 Apr 2019 3:49 PM

DGCA issued show-cause notice last week to IndiGo's chief operating officer Wolfgang Prock-Schauer and engineering head S C Gupta.

Indigo under safety audit, US-made A320 engines under scanner

The aviation regulator is also conducting a special safety audit of the airline after coming across issues.

17 Apr 2019 3:20 PM

The company still has a market capitalization of USD 393.8 million, as investors cling to hopes of a rescue. (Photo: AFP/File)

Lessors rush to repossess more Jet planes, even as emergency funds awaited

Lessors to Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes.

17 Apr 2019 1:43 PM

Reliance Group Chairman Anil Ambani. (Photo: File)

NCLAT seeks Anil Ambani's reply on HSBC Daisy's plea over non-payment of dues

NCLAT has directed that the matter be listed on May 20, 2019 for admission.

17 Apr 2019 1:18 PM

“Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air India. Just being a PSU is no excuse for discrimination,” Mallya wrote on Twitter. (File Photo)

Vijay Mallya talks about 'airline karma' in message for cash-strapped Jet Airways

Mallya, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

17 Apr 2019 12:51 PM

Chairman and founder of Adani group Gautam Adani.

Adani urges govt to give 'fair go' for Australia coal mine project

The mine previously estimated at about USD 2.9 billion.

17 Apr 2019 10:45 AM

Jet has been forced to ground dozens more over unpaid dues. (Photo: Twitter | @jetairways)

Jet Airways faces imminent shutdown without emergency funds: sources

Bankers and an Indian govt official said lenders are trying to line up funds to keep aloft the once-dominant Indian airline.

17 Apr 2019 9:53 AM

The China recall affects more than two dozen different BMW models built between 2000 and 2018.

BMW to recall 360,000 China cars over Takata airbags

The recall will affect nearly 273,000 models built by BMW's joint venture with Chinese manufacturer Brilliance Automotive.

17 Apr 2019 9:35 AM

Aramco and Reliance were not available for comment outside business hours.

Aramco in talks for 25 pc of Reliance's refining, petrochemical units: Report

A minority stake sale could fetch around USD 10 billion to USD 15 billion.

17 Apr 2019 9:20 AM

Cybersecurity blog KrebsOnSecurity had said Wipro's systems had been breached and were being used to launch attacks against some of its clients.

Breach of employee accounts will not have any effect on Wipro's financials: COO

Wipro also retained an independent forensic firm to assist the company in its investigation.

17 Apr 2019 8:57 AM

RBI has moved the NCLAT seeking modification of its order that restrained banks from declaring accounts of IL&FS and its group companies as NPAs.

Banks have to mark IL&FS accounts as NPAs after default: RBI to NCLAT

NCLAT also took on record the information provided by IL&FS about the four amber listed group companies.

17 Apr 2019 8:53 AM

PNB is part of a consortium of 26 lenders, led by SBI, which have exposure to Jet Airways' debt of over Rs 8,000 cr. (Photo: AFP/File)

Lenders to Jet working on revival, no final decision yet: PNB MD

SBI Capital Markets is working on the revival package for Jet Airways.

17 Apr 2019 8:47 AM

Jet Airways management is reportedly awaiting clarity on receiving fresh funds from the lenders to decide on continuing the operations. (Photo: Representational/PTI)

Jet Airways finds no solace, lenders undecided on funding

Sources said Jet Airways founder Naresh Goyal has decided not to bid for acquiring stake in the cash-strapped airline.

17 Apr 2019 2:39 AM

Cybersecurity blog KrebsOnSecurity had said that Wipro's systems had been breached and were being used to launch attacks against some of its clients.

Wipro net up 38 per cent; says system was attacked

The company’s board also approved a share buyback of 3.23 crore shares at Rs 325 apiece, aggregating Rs 10,500 crore.

17 Apr 2019 1:59 AM

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