Business, Companies, 27th May 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 10:19 PM IST

Business Companies 27 May 2019

Business, Companies, 27 May 2019

A two-member bench headed by President Justice M M Kumar said ICICI Bank has already raised the similar claims against its corporate guarantor Era Infra Engineering, which is currently going through Corporate Insolvency Resolution Process (CIRP).

NCLT dismisses ICICI insolvency plea against Hyderabad Ring Road Projects

NCLT made an observation that there was 'duplicacy of the claims' of ICICI.

27 May 2019 7:35 PM

It can be noted that the US reduced both the number of visas available and also set a minimum floor of salary to be offered, making it difficult for the Indian IT industry. (Photo: Representational | File)

US visa rules to hit IT cos' profits, margins in FY20: Report

The industry's operating margins will narrow by 0.30- 0.80 per cent largely on an increase in local hires.

27 May 2019 4:42 PM

The TDSAT on May 2 granted partial stay on a Rs 8,300-crore demand raised by the telecom department from Bharti Airtel for approving its merger. (Photo: PTI)

Airtel submits Rs 644 crore bank guarantee in TDSAT for Tata Tele merger

The tribunal also asked Airtel to submit 50 per cent payment of Rs 1,287.97 crore demand raised by the DoT.

27 May 2019 4:32 PM

"We are comfortable...We will be able to pay salaries on time this month," said BSNL Chairman and Managing Director Anupam Shrivastava.

Confident of timely payment of salary for May: BSNL chief

The company has tied up with SBI recently for a Rs 1,500 crore loan to meet its working capital requirements.

27 May 2019 4:17 PM

The product is designed as a part of the lender's efforts to improve service and provide best products to MSME sector.

Corporation Bank launches loan scheme for MSME sector

The bank provides concession in interest rate on loans offered to women beneficiaries and rated MSME units.

27 May 2019 2:49 PM

It could affect Renault’s 20-year-old alliance with Nissan, already weakened by the crisis surrounding Carlos Ghosn.

Fiat Chrysler puts merger offer to Renault board

If successful, tie-up would alter competitive landscape for rival carmakers from General Motors to Peugeot maker PSA Group.

27 May 2019 2:47 PM

Pre-tax profit on gas transmission business rose 8.3 per cent to Rs 777.92 crore while that on natural gas marketing tripled to Rs 587.53 crore.

GAIL posts 20 per cent rise in Q4 net profit; declares 1:1 bonus

Revenue rose to Rs 18,763.87 crore in the fourth quarter of 2018-19 fiscal year when compared with Rs 15,430.69 crore.

27 May 2019 2:27 PM

Amul has recently increased its milk prices by Rs 2 per litre in Delhi NCR, Maharashtra and other states due to higher procurement cost. (Photo: File)

Amul to invest Rs 600-800 crore this fiscal on capacity expansion

The company is looking at setting up new plants in locations that are closer to the Delhi-NCR market.

27 May 2019 12:53 PM

The Samsung Galaxy S10e features the best form factor amongst any flagship handset released in 2019.

Samsung may gain from Huawei's plight in ongoing trade war: Fitch Ratings

Tech companies, including Google and SoftBank Group-owned chip designer ARM, have said they will cease supplies and updates to Huawei.

27 May 2019 12:25 PM

Total income rose to Rs 9,029.41 crore in the last fiscal from Rs 7,663.71 crore in 2017-18.

DLF cuts net debt by 34 per cent in Q4 to Rs 4,483 crore

DLF's net debt has come down from Rs 7,224 crore in Q3 of FY19 to Rs 4,483 crore in Q4 of FY19

27 May 2019 11:25 AM

The deal being discussed would include guarantees covering corporate governance and employment in France and Italy.

Carmakers FCA and Renault to go public on tie-up talks

The plan under discussion would involve some transfer of equity, according to a source close to the discussions.

27 May 2019 8:22 AM

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Dilip Cherian