Business, Companies, 27th Jul 2018, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 05:51 AM IST

Business Companies 27 Jul 2018

Business, Companies, 27 Jul 2018

Reliance Jio on Friday said its standalone net profit has increased 19.9 per cent to Rs 612 crore for the three month period ended on June 30, 2018, as against the preceding quarter. (Photo: AFP)

Reliance Jio Q1 net profit up 20 per cent to Rs 612 crore

Jio continues on its path to drive digital revolution in India, said Mukesh Ambani.

27 Jul 2018 7:52 PM

Reliance Industries on Friday reported a record Rs 9,459 crore net profit in April-June on the back of near doubling of earnings from mainstay petrochemical business. (Photo: PTI)

Reliance reports record quarterly net profit of Rs 9,459 crore in Q1

Reliance said pre-tax profit from petrochemical business was up 94.9 per cent to Rs 7,857 crore.

27 Jul 2018 7:45 PM

ITC on Friday went past Hindustan Unilever to become the country's fourth most valued firm in terms of market valuation helped by a smart surge in its share price.

ITC becomes India's 4th most valued firm in market capitalisation

TCS is the country's most valued firm with a market cap of Rs 7,43,930.44 crore.

27 Jul 2018 5:49 PM

Consumer durables firm Godrej Appliances on Friday said it has reduced the prices of its washing machines, refrigerators, microwave ovens and chest freezers by 10 per cent, passing the benefit of GST rate cut to consumers.

Godrej Appliances slashes prices by 10 pc after GST rate cut

These products were earlier placed under the 28 per cent tax slab, which was recently reduced to 18 per cent.

27 Jul 2018 5:15 PM

Vedanta Ltd has said that it is working with regulatory authorities to fast-track restart of operations at its copper plant in Tuticorin. (Photo: PTI)

Working with authorities to restart Tuticorin plant, says Vedanta

In April, the Tamil Nadu pollution control board rejected Sterlite's plea to renew the Consent To Operate.

27 Jul 2018 4:58 PM

Tagging Uttar Pradesh as a priority growth state, Walmart India said it expects to create at least 30,000 local jobs by setting up 15 stores in the state. (Photo: AFP)

Walmart plans to create 30,000 jobs in Uttar Pradesh

Narendra Modi and Yogi Adityanath will take stock of the progress in implementation of the MoUs signed during the UP Investment Summit.

27 Jul 2018 2:59 PM

Indian Oil Corp, the country’s top refiner, has shut a 40,000-barrel-per-day (bpd) crude unit at its 150,000-bpd Haldia refinery on the east coast after a minor fire, a company source said on Friday.

Indian Oil shuts unit at Haldia plant after small fire: source

The crude unit has been isolated and is expected to resume operation from Saturday, the source said.

27 Jul 2018 2:09 PM

The reduced prices, on applicable products, are effective from today.

Samsung cuts prices to pass on GST reduction on electronic items

Last week, the GST Council brought down tax rates to 18 per cent from 28 per cent on 15 items.

27 Jul 2018 1:58 PM

Rajnish Kumar has urged the Department of Telecom to revise its decision of revoking the licences of debt-laden telecom firms Reliance Communications and Reliance Telecom.

Revoking RCom's spectrum may harm debt recovery process, says SBI to DoT

SBI is inspecting the possibilities of providing bank guarantees to an extent of Rs 774 crore to RCom.

27 Jul 2018 1:34 PM

This will promote the broader use of cashless payment in Japan and provide highly convenient services to both consumers and affiliated stores.

SoftBank partners Paytm to launch payments service in Japan

Paytm offers seamless mobile payments to over 300 million customers and 8 million merchants in India.

27 Jul 2018 12:40 PM

Social media giant headed for the biggest one-day wipeout in US stock market history. (AP Photo/Alex Brandon)

Zuckerberg loses USD 16 billion in record Facebook fall

Facebook’s margin fell to 44 per cent in the second quarter from 47 per cent a year ago.

27 Jul 2018 10:39 AM

Minister of State for Civil Aviation Jayant Sinha. (Photo: PTI/File)

Air India received Rs 27,195 crore equity infusion: Jayant Sinha

In the current financial year, the state-owned airline received an equity infusion of Rs 650 crore up to June.

27 Jul 2018 9:50 AM

Sebi last month had issued a sh¬owcause notice to Ko¬c¬h¬h¬ar for alleged violation of disclosure requirements un¬d¬er securities law.

ICICI Bank under lens in United Sates

Bank has appointed Justice BN Srikrishna, a retired Supreme Court judge, to head an independent enquiry.

27 Jul 2018 8:49 AM

Tamil Nadu state government ordered a permanent closure of the plant in May.

Vedanta's smelter closure has hurt companies, put people out of jobs: executive

Company planned to retain all the employees on its rolls as it fights for lifting of the ban on operations.

27 Jul 2018 8:41 AM

Sony bets on large TVs

He added, “Growth in the 32 inches remains strong but TV sets over 55 inches are showing a lot of promise.”

27 Jul 2018 6:55 AM

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Shobhaa De