Business, Companies, 29th Mar 2019, News & Stories from India

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Business Companies 29 Mar 2019

Business, Companies, 29 Mar 2019

The 41-page draft talks about six broad issues of the e-commerce ecosystem -- data, infrastructure development, e-commerce marketplaces, regulatory issues, stimulating domestic digital economy and export promotion through e-commerce.

DPIIT starts analysing stakeholders' views on draft e-commerce policy

DPIIT, sources said, does not intend to extend the deadline for seeking views on the draft e-commerce policy.

29 Mar 2019 4:28 PM

The current funding measures are short term and will not bring much confidence till a new investor is on board,” said Kapil Kaul, India CEO at aviation consulting firm CAPA.

Rescue deal is no panacea for India's struggling Jet Airways

Goyal still holding a 25.5 pc share in Jet, which gives him the legal right to block key decisions including raising capital.

29 Mar 2019 3:11 PM

NCLAT listed the matter for next hearing on April 22 and said "CoC would not approve any other plan" in between.

Lenders ask for fresh round of bidding for Amtek Auto at NCLAT

Amtek Auto has a total debt of Rs 12,603 crore and the liquidation value of its assets was determined at Rs 4,119 crore.

29 Mar 2019 2:55 PM

Rustom Irani will also be inducted into the company’s Board effective 1st April 2019.

Hitachi Payment appoints Rustom Irani as MD, Loney Antony elevated to Vice Chairman

Rustom has been with the company for over 8 years, and served as the Chief Operations Officer of Hitachi Payment Services.

29 Mar 2019 1:29 PM

SC sought reply form Vodafone and Airtel on a plea by the CBI alleging that they were not cooperating with the investigation in the Saradha chit fund case. (Photo: PTI)

Saradha chit fund: SC seeks reply from Voda, Airtel on CBI's plea for non-cooperation

A bench headed by Chief Justice Ranjan Gogoi listed the agency's plea on April 8 after the mobile service providers denied the allegations.

29 Mar 2019 12:46 PM

DLF's group Chief Financial Officer Ashok Tyagi recently said the QIP proceeds and further infusion of Rs 2,500 crore from promoters against the issue of warrants would help the company to significantly reduce its debt. (Photo: File | PTI)

DLF raises Rs 3,173 cr via QIP; to prepay debt

Major investors who participated in QIP offer include Oppenheimer, UBS, HSBC, Key Square, Goldman Sachs among others.

29 Mar 2019 12:27 PM

As on December 31, 2018, PNB held 32.79 per cent stake in PNB Housing Finance.

PNB to sell stake in PNB Housing to General Atlantic, Varde Partners for Rs 1,851 cr

PNB has entered into agreements in relation to the said transactions on Friday.

29 Mar 2019 11:59 AM

Ola claimed to be the only app in UK that offers black cabs and Private Hire Vehicles. (Photo: AP)

Ola expands UK operation to three new cities

Ola started Liverpool operation by offering free rides on green tuk-tuks last week for a limited time period.

29 Mar 2019 10:36 AM

Lyft’s IPO sets the stage for the stock market debut of larger rival Uber Technologies Inc.

Lyft valued at USD 24.3 billion in first ride-hailing IPO

Lyft started its IPO investor road show earlier this month with a target range of USD 62-USD 68 per share.

29 Mar 2019 10:09 AM

ABN AMRO will continue to hold the remaining 25 per cent stake in Stater, which operates in the Netherlands, Belgium and Germany. (Photo: PTI)

Infosys to take over ABN AMRO arm

The Infosys stock gained 1.6 per cent on the BSE.

29 Mar 2019 1:09 AM

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Sanjeev Ahluwalia