Business, Companies, 30th Jul 2019, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 02:16 AM IST

Business Companies 30 Jul 2019

Business, Companies, 30 Jul 2019

Cafe Coffee Day board has held emergency meeting following disappearance of Siddhartha and also reviewed the letter purportedly signed by him and shared copies with relevant authorities, the company said in a regulatory filing.

Assessing situation after disappearance of chairman V G Siddhartha: Cafe Coffee Day

The company said Siddhartha is not reachable since Monday evening. 'We are taking the help of concerned authorities'.

30 Jul 2019 9:48 PM

The Centre last month approved the proposal for implementing a payment security mechanism for purchase of electricity by distribution companies from generating firms.

Southern states gear up for Letter of Credit system for power purchases from Aug 1

The power ministry has made it mandatory for discoms to open and maintain adequate Letter of Credit as payment security mechanism.

30 Jul 2019 7:27 PM

Once approved by the shareholders, Power Finance Corporation would be able to raise Rs 70,000 crore in a period of one year from the AGM. (Representational Image)

Power Finance Corporation board okays raising Rs 70,000 cr in one year

The proposal would be placed for shareholders' approval in an AGM of the company on August 27, said the statement.

30 Jul 2019 7:04 PM

Pursuant to the investigation, Sebi observed that Desai bought and sold 12,000 shares of FTIL during the probe period without obtaining pre-clearance of trades in accordance with model code of conduct under PIT (Prevention of Insider Trading) norms.

Sebi fines ex-FTIL vice-president Naisadh Desai Rs 12 lakh for violating insider trading norms

As per Sebi's order, Naisadh Desai was senior vice-president and company secretary of FTIL from Mar 2008 to Sep 2013.

30 Jul 2019 6:19 PM

Merger is one of the many components of the overall revival plan because clearly MTNL cannot stand by itself.

DoT working on proposal for MTNL, BSNL merger; final call by Cabinet: Source

The net worth of BSNL stood at Rs 34,276 crore, while MTNL had a negative networth of Rs 9,735 crore as on April 1, 2019.

30 Jul 2019 4:11 PM

The NCLAT had asked state-owned NBCC, whose bid was rejected by the CoC of Jaypee Infratech, to submit fresh resolution plan for the debt-ridden company.

NCLAT extends Jaypee Infratech insolvency period by 90 days

Appellate tribunal rejected the plea of Jaiprakash Associates Ltd, the promoters of Jaypee Infratech, to be eligible to submit bid.

30 Jul 2019 3:02 PM

In absolute terms, the bank's gross NPAs stood at Rs 62,068.40 crore by end of June quarter this fiscal, as against Rs 60,604.46 crore as on June 30.

Bank of India net jumps two-fold to Rs 243 cr in Q1; net NPAs down at 6 pc

Total income of the bank rose to Rs 11,526.95 crore during the quarter, as against Rs 10,631.02 crore.

30 Jul 2019 2:12 PM

The offer will also be valid for new Vodafone customers. (Photo: PTI)

Vodafone launches new scheme to lure customers, details here

Vodafone has come out with this scheme to attract new customers and make the existing ones happy.

30 Jul 2019 1:28 PM

At the NSE, shares cracked 20 per cent and fell to its 52-week low of Rs 153.40.

Coffee Day Enterprises shares crack 20 pc after Chairman goes missing

The scrip tumbled 20 per cent and hit its lower circuit limit as well as its 52-week low of Rs 154.05 on the BSE.

30 Jul 2019 11:59 AM

The two cities witness a huge tourist flow owing to visiting family and friends and Haj traffic.

IndiGo to launch Kochi-Jeddah direct flight in Sept

The non-stop daily flight on the Kochi-Jeddah route will commence operations from September 16.

30 Jul 2019 9:49 AM

Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015.

Vodafone Idea to close m-pesa biz, writes off Rs 210 cr for payments bank closure

The company had written off a total amount of Rs 580 crore during the first quarter of 2019-20.

30 Jul 2019 9:08 AM

One Mobikwik Systems Private Limited has been slapped a fine of Rs 15 lakh while Hip Bar Pvt Ltd faced a fine of Rs 10.85 lakh.

RBI slaps Rs 26 lakh fine on Mobikwik, Hip Bar for violating norms

These two prepaid payment instrument issuers have been levied monetary penalty for non-compliance of regulatory guidelines.

30 Jul 2019 9:05 AM

Paytm Money already sells mutual fund on its platform and claims to have clocked 40 per cent share in the direct mutual fund segment in the country.

Paytm Money plans to start stock broking services, NPS sales by Mar

Paytm Money received approval to start sale of National Pension Scheme from the PFRDA in May.

30 Jul 2019 9:00 AM

The bank will also monitor stock and inventory levels on a monthly basis to keep tabs on the dealer’s financial health.

SBI tightens lending terms for auto dealer: source

SBI has also cut the credit period for dealers to 60 days from 90 days.

30 Jul 2019 8:49 AM

The stock is currently trading nearly 2 per cent below the IPO price. (Photo: AP)

Uber lays off 400 employees in marketing team

As of December 31, Uber had 22,263 employees, with 1,951 employees in sales and marketing team.

30 Jul 2019 8:41 AM

Swamy urged the PM to institute a special team of CBI, ED, SFIO and I-T officials to probe 14-year-money laundering of the group by siphoning off funds of the National Housing Bank.

Indiabulls stocks crash over Swamy charges

Indiabulls Real Estate fell 4.72 per cent and Indiabulls Venture was down 4.68 per cent.

30 Jul 2019 1:22 AM

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Shobhaa De