Business, Companies, 22nd Feb 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 06:19 PM IST

Business Companies 22 Feb 2019

Business, Companies, 22 Feb 2019

The new Helicopter factory is coming up on a 615 acres greenfield campus that would be fully self-sufficient for manufacturing full range of helicopters.

HAL signs MoU with Central PWD for works at chopper factory

HAL said the stage 2 works include development of infrastructure for structural assembly and equipping of helicopters at Tumakuru.

22 Feb 2019 5:53 PM

IndiGo and SpiceJet placed their plans to order widebody jets on hold, opting instead to launch more global flights with their fleets of A320s and Boeing 737s narrowbodies.

Airbus sees market for widebody jets at Indian budget carriers

India is the world’s fastest-growing market for air travel and budget airlines.

22 Feb 2019 5:38 PM

Uber is gaining a stranglehold on its US market.

Daimler, BMW to invest 1 billion euros in venture to rival Uber

BMW and Daimler are working to develop autonomous cars which could enable them to up-end market for taxi and ride-hailing services.

22 Feb 2019 5:32 PM

Senior citizens can benefit from increasing interest rates by investing in fixed income instruments. (Photo: File)

Bajaj Finance Fixed Deposit (FD) offers 9.10 per cent return to senior citizens

This will serve as an essential corpus building time for investors, especially senior citizens.

22 Feb 2019 5:02 PM

The victim just needs to furnish a screenshot of the message along with the mobile number and e-mail it to ccaddn-dot@nic.in. (Photo: Pixabay)

Now register complaint with DoT against offensive WhatsApp messages

The order directed all telecom service providers to take immediate action against their customers for sending such messages.

22 Feb 2019 1:41 PM

Swiggy is currently leading discussions but rival Zomato is still in the race for a share-swap deal. (Photo: ANI)

Uber Eats close to selling Indian food delivery business to Swiggy: report

Uber was considering the sale of its food delivery arm in India and has been in talks with Swiggy and Gurugram-based Zomato.

22 Feb 2019 12:48 PM

Deepak Kochhar’s company NuPower Renewables received Rs 64 crore from Dhoot, just a day after the ICICI Bank provided a loan of Rs 300 crore from the account of Videocon International Electronics (VIEL) on September 7, 2009. (Photo: File)

CBI issues LOC to airports against Kochhars, Venugopal Dhoot

The officials, however, declined to disclose if the LoC was restricted to

22 Feb 2019 12:26 PM

The partnership makes it the fourth such tie-ups for the youngest full-service domestic carrier.

Vistara, Japan Airlines ink code share agreement

JAL is the second code share partner for Vistara after British Airways.

22 Feb 2019 12:23 PM

Introduced in 2007, the Super Hornet is the world’s leading fighter aircraft, highly capable across the full mission spectrum and continually evolving to outpace future threats. (Photo: File)

Boeing to partner with HAL, Mahindra for manufacturing F/A-18 Super Hornet fighters

The partnership with HAL and Mahindra will create jobs, industrial capacity, and a globally competitive Indian supply chain: Velagapudi.

22 Feb 2019 11:29 AM

This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts. (Photo: File)

Alibaba CEO rules out layoffs this year

In November, Alibaba cut its full-year revenue forecast to between 375 billion yuan and 383 billion yuan (USD 54.4 -55.6 billion).

22 Feb 2019 11:13 AM

The income was higher by 57.5 per cent to Rs 53.4 crore in 2017-18 from Rs 33.9 crore in the previous financial year, the document sourced by business intellegence platform Tofler showed. (Photo: Twitter)

Grofers narrowed losses to Rs 258.3 crore in FY18

The company had posted a net loss of Rs 268.3 crore for the year ended March 2017.

22 Feb 2019 10:42 AM

The company is using an independent laboratory to conduct testing.

Ford probing possible problems with fuel economy, emissions tests

The investigation has started with testing of the 2019 Ranger pickup truck, and the company expects data back next week.

22 Feb 2019 10:26 AM

Indian public, corporates and others held 14.95 per cent stake in the company.

Tech Mahindra to buy back over Rs 1,950 crore shares

Indian financial institution, banks and mutual funds together held 9.32 per cent stake in the company.

22 Feb 2019 1:48 AM

While plastic packaging may not be biodegradable. Nature Wrap’s significance lies in its environment-friendliness. (Photo: AP/ Representational)

Nature Wrap from Kesoram

As starter, the company has rolled this out in Kolkata.

22 Feb 2019 1:48 AM

Reliance Capital closed with a gain of 11.13 per cent at Rs 161.20, other group stocks that gained included Reliance Power (4.19 per cent) and Reliance Infrastructure (4.19 per cent). (Photo: Twitter)

RCap seeks to sell entire RNAM stake

The company said it would make further announcements at the appropriate time.

22 Feb 2019 1:47 AM

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Mohan Guruswamy