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  Business   Companies  17 Apr 2019

Business, Companies, 17 Apr 2019

'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

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

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 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

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

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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

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

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

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

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

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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

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 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

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 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

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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

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

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 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

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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