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  Business   Companies  24 May 2018

Business, Companies, 24 May 2018

NCLAT admits banks' petition over Jaypee land

The bench fixed July 13 as the next date of hearing.

24 May 2018 2:08 PM

Tata Motors shares crack over 8 per cent after Q4 results

It had posted consolidated net profit of Rs 4,336.43 crore in the corresponding period of last fiscal, Tata Motors said in a BSE filing.

24 May 2018 1:59 PM

Jet Airways shares hit 52-week low on weak earnings

The total income also declined by 3.44 per cent to Rs 6,055 crore during the quarter.

24 May 2018 1:48 PM

Adani Group to provide customised solutions to entrepreneurs

The move comes amid widespread caution among public sector banks over the recent spate of towering bad loans.

24 May 2018 1:40 PM

Windfall oil tax on ONGC in offing to soften fuel prices

The Centre levies Rs 19.48 as excise duty on a litre of petrol and Rs 15.33 on diesel.

24 May 2018 1:14 PM


OVL FY18 net profit up 29 per cent on higher oil production

Consolidated net profit in 2017-18 fiscal at Rs 981 crore was 29.6 per cent higher than Rs 757 crore.

24 May 2018 12:53 PM

Uber trims losses and grows business, plans new stock sale

Uber cut its losses almost in half and its ride bookings jumped 51 per cent since one year ago.

24 May 2018 12:53 PM

City Union Bank posts 18 pc rise in net profit at Rs 152.12 crore

Shares of the bank were trading Rs 181.90 apiece, down 1.17 per cent, on BSE.

24 May 2018 12:45 PM

Bhushan Steel seeks 90 days extension to file Q4, FY18 results

Tata Steel, which won the bid for Bhushan Steel Ltd (BSL), completed the acquisition of controlling stake of 72.65 per cent.

24 May 2018 12:25 PM

China’s Lenovo swings to biggest loss in almost a decade

Lenovo’s total loss for the year ending in March was $189 million, down from a profit of $535 million a year ago.

24 May 2018 10:24 AM


MobiKwik launches UPI on platform, offers own VPA handle

MobiKwik is the first in the industry to offer UPI access to a huge base of three million merchants on its app.

24 May 2018 8:39 AM

Cabinet lets home buyers have creditors tag in IBC

Under the code, financial creditor implies any person to whom a financial debt is owed.

24 May 2018 1:43 AM