Business, Companies, 21st Sep 2017, News & Stories from India

Wednesday, Apr 24, 2024 | Last Update : 12:15 PM IST

Business Companies 21 Sep 2017

Business, Companies, 21 Sep 2017

An appeals court in India ruled on Thursday that Cyrus Mistry can press ahead with a legal battle against Tata Sons.

Appeals court allows Cyrus Mistry to continue legal battle against Tata Sons

Mistry accuses the company of mismanagement and oppression of minority shareholder interests, charges which Tata denies.

21 Sep 2017 8:56 PM

Bharti Airtel on Thursday said it has got shareholders' approval for its scheme of amalgamation with Telenor India.

Airtel investors okay amalgamation with Telenor

Shareholders representing 99.98 per cent holding voted in favour of the resolution while a mere 0.02 per cent voted against it.

21 Sep 2017 8:41 PM

Reliance Jio has approached Telecom Secretary Aruna Sundararajan for cancellation of the mobile tender for the North-East awarded to Bharti Airtel.

Jio asks Telecom Commission to cancel North-East tender awarded to Airtel

Under the plan, 8,621 out of 9,190 unconnected villages are to be covered by installation of 6,673 mobile towers.

21 Sep 2017 8:33 PM

Shareholders of Tata Sons approved the status change of the company from being public limited to private limited. Photo: AP

Tata Sons gets investors' nod for private tag; trouble for Mistry group

The approval vote was garnered during the company’s Annual General Meeting on Wednesday.

21 Sep 2017 8:03 PM

UIDAI has slapped notices on Bharti Airtel and Airtel Payments Bank over its retailers allegedly opening payments bank accounts without taking "informed consent" of customers who go for Aadhaar-based mobile SIM verification. (Photo: Representational/AFP)

UIDAI slams Airtel for opening payments bank a/c using Aadhaar info

It also asked both Bharti Airtel and its payments bank entity to take corrective measures and report to the authority on the same.

21 Sep 2017 6:15 PM

ICRA said the credit/deposit ratio of the banks could be higher at 94-102 per cent during FY2018-2020. (Photo: PTI/File)

Private banks share in advances to hit 38-40 per cent by FY'20: ICRA

Market share of private sector banks stood at 19.9 pc at end of March 31, 2014 and 27.5 pc in fiscal 2016-17.

21 Sep 2017 5:22 PM

NCLAT on Thursday said it will study the award of the London Court of International Arbitration that asked Vikram Bakshi to sell his to the fast-food chain. Photo: AFP

McDonald's-Bakshi feud: NCLAT to study LCIA order before further action

There has been uncertainty over the fate of McDonald's outlets operated by CPRL after McDonald's terminated its license with CPRL.

21 Sep 2017 4:30 PM

Reserve Bank of India's guidelines mandated the bank to get itself listed within three years from the commencement of banking operations.

Bandhan Bank IPO to hit markets next fiscal

The bank's capital adequacy ratio stood at 26 per cent as on June 30.

21 Sep 2017 4:10 PM

Piyush Goyal has replaced Suresh Prabhu as rail minister. (Photo: File)

Goyal issues strictures to lift food quality in railways

Goyal wants food served in trains has supplier's name, weight, packing date and veg or non-veg signs.

21 Sep 2017 4:02 PM

NCLAT ruling on rule waiver: Mistry says 'vindicated'

Appellate tribunal has granted waiver to Mistry firms in the filing criteria of having 10 pc shares of company.

21 Sep 2017 3:39 PM

Imposed on 82 entities which had come under the scanner for alleged manipulation and misuse of stock market platform for tax evasion.

Tax evasion via stocks: Sebi revokes ban on 82 entities

Earlier this month, Sebi had revoked ban on 421 entities in three separate cases.

21 Sep 2017 3:31 PM

Earlier, Tata Motors had announced it will unveil new Nexon before Diwali. (Photo: PTI)

Tata Motors launches compact SUV Nexon at Rs 5.87 lakh

Nexon, CEO says, is result of company's intent to breakaway from conventional approach of segmentation.

21 Sep 2017 3:24 PM

The voluntary ongoing nationwide recall is a class II recall. (Photo: Pixabay)

Zydus Pharma recalls 44.800 bottles of antidepressant in US

USFDA said Zydus Pharmaceuticals USA Inc is recalling the Paroxetine tablets in the strength of 30 mg.

21 Sep 2017 3:10 PM

TRAI more than halves interconnection user charges or IUC from 14 paise to 6 paise. (Photo: Representational)

Gainers and losers of Trai cutting IUC to 6 paise

IUC was 30 paise per minute in 2004 which was brought down to 20 paise in 2009 and 14 paise in 2015.

21 Sep 2017 2:41 PM

State Bank of India has issued a statement declaring cheque books of 6 of its subsidiary banks invalid from October 30.

SBI declares cheque books of 6 subsidiary banks invalid from Oct 30

SBI has asked customers of these subsidiary banks to apply for new cheque books as soon as possible.

21 Sep 2017 1:59 PM

Ratan Tata was Tata Group chairman from 1991 to 2012 and from 24 Oct, 2016 for an interim term. (Photo: AP)

Face of Tata group to change in next decade: Ratan Tata

Tata, 79, said he would continue to engage with start-ups and look for opportunities in younger companies.

21 Sep 2017 12:56 PM

This PLB only for non-gazetted railway staff and not for RPF and RPSF. (Photo: Representational/PTI)

Railways to give 78 days' salary to select staff as bonus

Cabinet on Wednesday cleared productivity linked bonus for 12.3 lakh non-gazetted staff.

21 Sep 2017 12:49 PM

NCLAT allows waiver plea of Cyrus Mistry firms

Appellate tribunal has granted waiver in the filing criteria of having 10 per cent shares of the company.

21 Sep 2017 11:56 AM

Cafe Coffee Day chains are run by Coffee Day Enterprises.

Coffee Day shares fall 7 pc as I-T dept raids premises

Residence of V G Siddhartha who is chairman and managing director of CDE was also raided.

21 Sep 2017 10:51 AM

HTC will receive USD 1.1 billion in cash from Google as part of the transaction. Separately. (photo: AFP)

Google to buy part of HTC smartphone biz for $1.1 billion

Google will receive a non-exclusive licence for HTC intellectual property.