Business, Companies, 19th Feb 2019, News & Stories from India

Thursday, Apr 18, 2024 | Last Update : 08:36 AM IST

Business Companies 19 Feb 2019

Business, Companies, 19 Feb 2019

the companyhas grown from 6 mtpa three years ago to 12.6 mtpa now, is hopeful of reaching an installed capacity of 20 mtpa by December 2020. (Photo: File)

JSW Cement to invest Rs 2,000cr to take capacity to 20mt by'20

The city-based company is also likely to begin the work on the much-awaited initial public offer from this December.

19 Feb 2019 5:54 PM

On the traded volume front, 12.16 lakh shares were traded on BSE, while over 80 lakh on NSE.

Emami shares zoom nearly 15 per cent as promoters sell stake

The company's shares advanced 14.80 per cent to close at Rs 407.60 on BSE.

19 Feb 2019 5:40 PM

Electric car maker Tesla’s CEO Elon Musk. (AP Photo/Jack Plunkett, File)

'Micromanagement: Misunderstood?'

Musk has been asked by some investors to appoint a COO instead of trying to solve all of the company’s problems on his own.

19 Feb 2019 5:25 PM

Instagram, Facebook-owned video and photo sharing platform, stood out as the single biggest platform.

Instagram creators made USD 5.6 million: study

Creators on platforms including YouTube, Instagram, Tumblr, and more made a combined worth of nearly USD 7 billion.

19 Feb 2019 5:17 PM

• Charles Handy addressed nearly 100 industry leaders from EO (Entrepreneurs’ Organisation) and YPO.

Charles Handy gets inclined towards community first business model of Jaipur Rugs

Jaipur Rugs works with close to 40,000 artisans in 600 villages in India.

19 Feb 2019 5:03 PM

The airline would be deploying a mix of its fleet of Boeing 737 and Bombardier Q-400 aircraft on these new routes.

SpiceJet to start 12 new domestic flights from March 31

SpiceJet is celebrating the launch by announcing an introductory promotional fare starting at Rs 2499 on Bhopal-Mumbai sector.

19 Feb 2019 4:40 PM

India's thermal coal imports likely to rise 10 per cent in 2019: Adani Power

“We expect strong demand from the sponge iron industry, amounting to about 40-50 million tonnes,”:Rajendra Singh, COO.

19 Feb 2019 3:52 PM

Sachin Bansal invests Rs 650 crore in Ola

The investment is in Sachin's personal capacity and is also the largest financing by an individual in Ola till date.

19 Feb 2019 3:04 PM

Honda CEO says decision to end production in UK not Brexit related

Honda Chief Executive Takahiro Hachigo made the statement at a news conference in Tokyo.

19 Feb 2019 2:55 PM

The new name is effective from February 12, 2019 and will be implemented across the company's product and services, a statement said. (Photo: File)

Toshiba Group changes name of UEM India to Toshiba Water Solutions

Toshiba acquired 100 per cent stake in UEM in March 2018.

19 Feb 2019 2:35 PM

The bank was confident of maintaining the dividend at this level.

HSBC warns on China, Britain slowdown as 2018 profit disappoints

HSBC’s profits in Asia grew by 16 per cent to USD 17.8 billion last year, accounting for 89 per cent of the group profit.

19 Feb 2019 2:31 PM

However, sometime these plans may be altered closer to date, thereby leaving the traveller with a huge financial loss by the way of cancellation fees/charges. (Photo: File)

HDFC ERGO Launches The First-of-its-kind Trip Protector' Policy

The policy is being offered to customers of HDFC Bank on purchase of Airline tickets or Hotel Bookings.

19 Feb 2019 2:12 PM

At the end of December 2018, promoter entities held 75 per cent stake in the company.

Reliance Power promoters aim Rs 2,500 crore from stake sale

Shares of Reliance Power rose 2.20 per cent to Rs 11.60 apiece on BSE.

19 Feb 2019 2:07 PM

Singapore Based BIGO Technology Announces USD 100M Investment in India

Bigo will empower more than 1000 tech professionals.

19 Feb 2019 2:03 PM

Though your joy as a borrower may be boundless, you may need to plan your investments carefully, as a fixed deposit investor. (Photo: File)

Smart investment moves for FY 2019-20

Investment returns heavily depend on the economic conditions and the fluctuations in repo rate.

19 Feb 2019 1:53 PM

Currently, startups avail tax concession only if total investment, including funding from angel investors, does not exceed Rs 10 crore.

Govt relaxes norms, investment limit for angel tax concession to startups

Govt has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 cr.

19 Feb 2019 12:30 PM

Goldman Sachs did not immediately respond to Reuters’ request for comment.

Goldman Sachs Asia Pacific CEO to retire: report

A former pilot in the US Navy, Hitchner was appointed as the bank’s president for Asia Pacific excluding Japan, in 2013.

19 Feb 2019 12:24 PM

The profit for the year, however, was below an average estimate of USD 22 billion.

HSBC's 2018 profit misses estimates; China weakness poses growth risks

HSBC reported a profit before tax of USD 19.9 billion for 2018 compared with USD 17.2 billion the year before.

19 Feb 2019 11:21 AM

The two former executives have been charged for their roles in facilitating the payment of millions of dollars in bribe to an Indian government official, the SEC had said last week. This settlement appears to arise from an internal investigation by CTS that it first announced on September 30, 2016, L&T said. (Photo: File)

L&T distances itself from Cognizant's Indian bribery case

"We are not aware of any evidence that supports our involvement in making the alleged improper payments":L&T.

19 Feb 2019 10:23 AM

The carmaker said in a statement that "we are not able to make any comments regarding the speculation. "We take our responsibilities to our people very seriously and will always communicate any significant news with them first," it added. (Photo: File)

Honda to close UK plant in 2022, risking 3,500 jobs: reports

The carmaker is due to announce the closure of its Swindon plant on Tuesday, according to Sky News.

19 Feb 2019 9:45 AM

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Syed Ata Hasnain