Business, Companies, 25th Jul 2018, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 09:55 AM IST

Business Companies 25 Jul 2018

Business, Companies, 25 Jul 2018

IT Ministry is keen to see WhatsApp prioritise curbing of fake news on its platform, against the backdrop of lynching incidents claiming many lives, over its plans to launch payments service, as per a senior government official.

Prioritise fake news issue over payments service: IT Ministry to WhatsApp

India is the largest market for WhatsApp with the country accounting for over 200 million user base.

25 Jul 2018 5:58 PM

The government has moved Delhi High Court to enforce a USD 3.8 billion recovery from Reliance Industries, Shell and ONGC.

Govt moves Delhi HC to recover USD 3.8 bn from Reliance, Shell, ONGC

The liability is to be split between the three companies in proportion to their stake in the fields.

25 Jul 2018 5:27 PM

Mobile tower arm of telecom major Bharti Airtel, Infratel on Wednesday said it has received clearance from stock exchanges for its merger with Indus Towers.

Bharti Infratel, Indus Tower merger deal gets clearance from SEBI

It will now approach National Company Law Tribunal for its approval, the company said.

25 Jul 2018 3:18 PM

Idea Cellular and Vodafone announced to merge operations in March last year and were targeting to seal the merger by June.

Vodafone Q1 revenue down 22 pc; to complete Idea merger by Aug

Company exuded confidence of completing the transaction by next month.

25 Jul 2018 3:02 PM

Power equipment maker BHEL on Wednesday posted about 93 per cent jump in standalone net profit to Rs 155.58 crore in the first quarter of current fiscal on higher revenues.

BHEL Q1 net profit nearly doubles to over Rs 155 crore

Its net profit was Rs 80.82 crore in the April-June quarter of last fiscal, 2017-18, the company said in BSE filing.

25 Jul 2018 2:08 PM

The proposed investment by the LIC into the bank will be funded by policyholder funds rather than the life insurers own funds.

Moody's places IDBI Bank's long-term ratings for upgrade

The bank's board has sent the LIC's proposal for buying 51 per cent to the government for approval.

25 Jul 2018 1:23 PM

Competition Appellate Tribunal, which had on November 22 stayed CCI's direction to pay 10 per cent of the penalty within a month of the order.

NCLAT dismisses cement-makers' plea against Rs 6,700 cr CCI penalty

CCI had imposed the highest penalty of Rs 1,175.49 crore on Aditya Birla group firm UltraTech.

25 Jul 2018 12:50 PM

American Express launches new brand campaign in India

More than half of people today are living Hybrid lives, with personal and work life deeply intertwined.

25 Jul 2018 11:59 AM

Automobile manufacturers in India follow a voluntary recall policy adopted by industry body SIAM in July 2012.

Maruti to recall 1,279 units of new Swift, Dzire for possible fault in airbag

Recall campaigns are undertaken globally to rectify faults that may be potential safety defects.

25 Jul 2018 10:43 AM

BSNL also announced the first Robotic Process Automation in collaboration with global consulting firm Ernst.

BSNL aims Rs 650 crore revenue in FY19 from VNO partnerships

The issue of double taxation has been the major reason for subdued growth of VNO services in India.

25 Jul 2018 8:54 AM

The group’s coal handling volumes are expected to rise 57 per cent to 127 million tonnes by the end of 2021. (Photo: PTI/ File/Representational)

Adani sees six-fold rise in coal mining despite challenges in Australia

Adani’s coal mining volumes are expected to be 80 million tonnes by the end of March 2021, from 12.17 million tonnes.

25 Jul 2018 8:39 AM

‘Manufacturing alone won’t create 10Lakh jobs’

MasterCard CEO lauds note ban, GST but wants India to focus on AI.

25 Jul 2018 12:49 AM

Chairman of the Aditya Birla Group, Kumar Mangalam Birla. (Photo: PTI)

Idea, Vodafone pay up to clear merger

It will have the capacity to provide 4G spectrum in all telecom circles of the country.

25 Jul 2018 12:42 AM

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Shobhaa De