Business, Companies, 20th Feb 2019, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 10:55 AM IST

Business Companies 20 Feb 2019

Business, Companies, 20 Feb 2019

HUL is the second largest unit for the company after the US.

Unilever expects HUL to grow much faster, chip in with at least 15 pc

Unilever owns over 67 per cent in HUL which had reported sales of Rs 34,619 crore in FY18.

20 Feb 2019 5:54 PM

Last year, Idea and Vodafone completed the merger of their India operations to create the country's largest telecom operator.

Vodafone Idea not in favour of 5G spectrum auction before 2020: CTO

Indian govt has not taken a position on such deployments, and asserted that the company will comply with the rules of the country.

20 Feb 2019 5:45 PM

It also plans to set up two OYO Skill Institutes, one in Riyadh and another in Jeddah to train Saudi graduates in hotel management, it added. (Photo: File)

OYO expands international footprint with Saudi Arabia foray

The company plans to create jobs for over 5,000 Saudi citizens by 2020.

20 Feb 2019 5:43 PM

TCS was recognised for its exceptional workplace policies, culture and continued investments in its 4.17 lakh employees across the world.

TCS recognised as a global top employer

TCS is guiding many of the world's leading brands through their Business 4.0 transformation journeys.

20 Feb 2019 5:19 PM

The report stated, Vijaya Bank had seen a sharp rise in write offs i.e 243 times y-o-y to Rs 487 crore in Q3FY19, followed by IDBI, which experienced a 4,783 per cent y-o-y increase in write offs to Rs 562 crore in Q3FY19. (Photo: File)

SBI writes of Rs 10,000 as bad loans; 19 PSBs totalling Rs 41,000 as bad loans

The banks had written off loans valuing just Rs 33,259 crore in Q2FY19, hopping 24 per cent y-o-y.

20 Feb 2019 4:20 PM

Saudi Aramco in talks with Reliance for joint investment in petchem, refinery projcts

The Saudi national oil company along with its partner UAE's Adnoc has taken a 50 per cent stake.

20 Feb 2019 2:42 PM

net loss was Rs 70.8 crore in Q3 of 2018-19 compared to Rs 72.1 crore in the year-on-year period. (Photo: ANI)

Varun Beverages reports revenue of Rs 804 crore in Q3 FY19

Its total expenses also moved up to Rs 904 crore from Rs 661 crore in the same period.

20 Feb 2019 2:11 PM

It pledged to pay a 3.21 pence total dividence and unveiled a 1.75 billion pound (USD 2.28 billion) share buyback, which would still leave the bank’s core capital ratio - a key measure of financial strength - at 13.9 per cent. (Photo: Twitter)

Lloyds Bank brushes off Brexit fears with bumper dividend, buyback plan

Lloyds bank made 1 billion pounds of strategic investment in digitising its business and bulking up its wealth management operations.

20 Feb 2019 1:48 PM

The equipment will be used for 4G services at present and can be upgraded to provide 5G services as per business requirement of Vodafone Idea Ltd.

Ericsson starts deploying 5G-ready telecom equipment on Voda Idea network

VIL has plans to invest Rs 20,000 crore in network expansion over the next 15 years.

20 Feb 2019 1:33 PM

Nasscom chairman Rishad Premji said they were discontinuing with the annual growth forecast from this year. (Photo: File)

Nasscom ends annual growth forecast

Last year also, the association had first delayed the announcement in February .

20 Feb 2019 1:20 PM

Last week, RBI warned Yes Bank of regulatory action for disclosure of nil divergence report in violation of norms. (photo: File)

Disclosure of Nil Divergence as per regulatory norms: Yes Bank

The exchange had sought clarification from the bank regarding Risk Assessment Report for the year ended March 31, 2018.

20 Feb 2019 1:11 PM

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

IL&FS crisis: ED raids multiple locations after filing PMLA case

IL&FS is sitting on a debt pile of about Rs 91,000 crore.

20 Feb 2019 1:11 PM

Reliance Group Chairman, Anil Ambani (Photo: File)

Reliance Group stocks under pressure; tank up to 10.3 pc on SC move

Apex court said Ambani and the others will have to purge contempt by paying Rs 453 crore to Ericsson in four weeks.

20 Feb 2019 12:54 PM

The 115-year old company has many individual brands like Chambers that have the potential to become businesses in themselves over the next 5-10 years. (Photo: File)

Taj enters homestay segment with Ama Trails, Stays label

The largest hotel chain claimed that this is the first branded product in the homestay market in the country.

20 Feb 2019 12:41 PM

Last year, on August 18, Walmart had completed acquisition of 77 per cent stake in Flipkart for about USD 16 billion. (Photo: AFP)

E-comm FDI policy changes haven't shaken confidence in India: Walmart

Flipkart said the changes in FDI norms it has not shaken its confidence and excitement about the Indian market.

20 Feb 2019 12:14 PM

Apple asked regulators to give it as much as six months to prove that the fix works.

Qualcomm urges US regulators to reverse course and ban some iPhones

Qualcomm asked for an import ban on some older iPhone models containing Intel Corp chips.

20 Feb 2019 11:09 AM

Hotels, travel service providers at war

A few months back hotels in Gujarat and some parts of Maharashtra had taken similar action against the travel tech companies.

20 Feb 2019 2:37 AM

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Sanjeev Ahluwalia