Business, Companies, 21st May 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 04:59 AM IST

Business Companies 21 May 2019

Business, Companies, 21 May 2019

The overall tele-density in India declined to 90.11 at the end of March, from 91.86 in February.

Airtel, Vodafone Idea lose 30 mn customers; Jio adds 9.4 mn users in Mar

India's total wireless subscriber base fell to 1,161.8 million on March 31, 2019, shedding 21.87 million users over the previous month.

21 May 2019 7:46 PM

At present, Virgin Atlantic operates a daily Delhi-London flight.

Virgin Atlantic to resume Mumbai-London flight from Oct 27

The London-Mumbai flight will be available from booking from May 28 and the services on the route will restart from October 27.

21 May 2019 7:40 PM

The move would strengthen the supervision and regulation of commercial banks, urban cooperative banks and non-banking financial companies.

RBI to create specialised supervisory and regulatory cadre

A decision to this effect was taken at a meeting of the Central Board here under the Chairmanship of RBI Governor Shaktikanta Das.

21 May 2019 7:33 PM

The USD 20 billion diversified L&T Group has a market cap of about Rs 2.5 lakh crore at present.

L&T market capitalisation to touch Rs 3 lakh crore in five years: AM Naik

Naik narrated how he aspired to be a manager in L&T and retire when he would get Rs 1,000 salary.

21 May 2019 6:32 PM

Muthoot Finance will target customers in the age group of 24-58 years and working in private, state and central government jobs to avail personal loans for 1-5 years.

Muthoot Finance offers loan of up to Rs 10 lakh to salaried class in Delhi, NCR

Muthoot Finance will give unsecured loans of Rs 1-10 lakh at an interest rate of 13.5-23 per cent to salaried class only.

21 May 2019 6:13 PM

A two-member bench headed by Chairman Justice S J Mukhopadhaya asked all parties, including ArcelorMittal, to file their written submissions over their submissions by Wednesday.

NCLAT reserves order on ArcelorMittal takeover of Essar Steel

Essar Steel has reported an Ebitda of around Rs 4,000 crore during the over 600 days of insolvency period.

21 May 2019 5:22 PM

The share of outstanding funds credited to the iron and steel sector to the total fund-based banking credit is about 5 per cent or Rs 2.85 lakh crore.

Steel industry stares at production disruption in 2020: Report

The credit profile of merchant miners and thus non-integrated steel players could come under stress.

21 May 2019 5:13 PM

Reliance Industries Limited was the most profitable company in the country with a net profit of more than double that of IOC in FY2019.

Reliance topples IOC to become the biggest Indian company

Reliance in the 2018-19 fiscal year that ended March 31, reported a turnover of Rs 6.23 lakh crore.

21 May 2019 2:36 PM

Three employees of Jet Airways met S K Mishra, joint secretary of Ministry of Civil Aviation. (Photo: AFP/File)

Jet Airways' employees hold protest outside Civil Aviation Ministry

The protests come amid the State Bank of India-led consortium of lenders struggling to find a buyer for the airline.

21 May 2019 1:33 PM

AIOVA, as mentioned in CCI order, is a group of over 2,000 sellers selling on e-commerce marketplaces such as Flipkart, Amazon, Snapdeal etc.

NCLAT to hear online vendors' plea against CCI order on Flipkart

NCLAT has also approved the delay of 12 days in filing appeal against the order of the CCI.

21 May 2019 1:13 PM

On Monday, Tata Motors reported 49 per cent decline in March quarter 2019 results at Rs 1,108.66 crore.

Tata Motors shares fall 6 pc post quarterly results

The scrip, after a weak opening at Rs 186.60, further dropped 6.10 per cent to Rs 178.40 on the BSE.

21 May 2019 1:07 PM

The Europe based distribution company has been the leading supplier of imported HPL and other decorative surfaces for over 20 years now. (Representational Image)

Greenlam acquires Decolan

Post acquisition, Decolan SA is going to be managed as a subsidiary of Greenlam Asia Pacific.

21 May 2019 4:00 AM

Increasing the number of loyal customers is the way forward for e-commerce companies to lower cash burn. Online grocery chains have already converted one-third of their user base into subscribers.

Subscription works for e-com

In the broader consumer internet space, online streaming platforms have been working on full or partial subscription models.

21 May 2019 3:51 AM

The insurance cover has been underwritten by public sector non-life insurance companies.

BPCL’s insurance cost nearly doubles

The deductible/excess under loss of profit cover due to business interruption this year has increased to 45 days from 30 days in the last policy.

21 May 2019 2:42 AM

The insurance regulator has proposed higher motor third party (TP) premium rates for most vehicles, except vintage cars and electric vehicles for FY20.

Proposal to raise third party premiums

In the case of electric private cars and electric two-wheelers, a discount of 15 per cent has been proposed in the TP premium.

21 May 2019 2:26 AM

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Dilip Cherian