Home » Business » Companies

Companies - Page 52

Asserting that all its loans are fully secured, suspended PMC Bank managing director Joy Thomas stated that one large account - HDIL - was the sole reason for the present crisis that led to the regulatory action on Tuesday. (Photo: PTI)

78 pc depositors of PMC Bank can withdraw entire deposits: govt

Maharashtra-based PMC Bank can withdraw upto Rs 1 lakh by invoking the 'hardship provisions' of the RBI.

2 Dec 2019 2:14 PM IST

Idea and Vodafone

Voda Idea to raise mobile call, data charges from Dec 3 by up to 50 pc

Vodafone Idea will also charge 6 paise per minute for every outgoing call made by customers on to the network of other...

2 Dec 2019 10:47 AM IST

Maruti Suzuki India (MSI) is quietly gaining presence in the light commercial vehicle (LCV) space with its Super Carry mini-truck registering over ten-fold jump in sales in 2017-18.

Maruti reports 1.9 per cent dip in sales at 1,50,630 units in November

The company had sold 1,53,539 units in November 2018, Maruti Suzuki India said in a statement.

1 Dec 2019 11:39 AM IST

Aramcos planned USD 69.1 billion acquisition of a 70 per cent stake in petrochemicals firm Saudi Basic Industries Corp (SABIC) from the Saudi sovereign wealth fund.

Saudi Aramco IPO oversubscribed so far, but not by big margin

Saudi banks have been offering citizens easy loans to bid for shares in Aramco.

30 Nov 2019 12:03 PM IST

At present, Patanjali has 230 acres in non-SEZ and 60 acres within SEZ area of Mihan.

Patanjali secures Rs 3,200 cr loan from banks to buy Ruchi Soya

NCLT approved the resolution plan of Patanjali Ayurved to acquire debt-laden Ruchi Soya.

29 Nov 2019 7:36 PM IST

Users of both platforms can now make payments at any of the TWIDs partner brands using their Ola Money wallet balance and the postpaid balance in a single click checkout.

Rewards-based payments platform TWID enters in strategic alliance with...

Customers can make purchases at any of the TWID's partner brands with their Reward Pool, Ola Money wallet in a single...

29 Nov 2019 6:08 PM IST

With this investment, Singtels total stake (along with its affiliates) in Bharti Telecom will increase to 48.90 per cent. Singtel currently holds 47.17 per cent stake in Bharti Telecom. This will lead to an increase of Singtel economic interest in Bharti Airtel by 0.9 percentage points to 39.5 per cent. (Photo: PTI)

Bharti Airtel to seek board nod on Dec 4 for raising funds

The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue.

29 Nov 2019 5:36 PM IST

RCom on Thursday had announced the completion of the sale of its media convergence nodes and related infrastructure assets to Jio.

RCom shares hit upper circuit for 6th time; gain over 42 pc in 9...

On the BSE, the stock settled 3.85 per cent up at 81 paise.

29 Nov 2019 4:53 PM IST

DHFL is currently classified as stressed account but will slip into becoming a Non-Performing Assets (NPA) by December 31 unless a resolution is found.

RBI sends DHFL to NCLT for resolution

The city-headquartered pureplay mortgage lender becomes the first NBFC/HFC to go for bankruptcy resolution.

29 Nov 2019 4:22 PM IST

Extensive process of performing thorough background checks on customers which earlier used to take 4-5 days can now be done in just 3 minutes.

Customer authentication at banks in just 3 minutes

This first-of-its-kind solution aims to revolutionise banking thereby curbing frauds and enhancing digital customer...

29 Nov 2019 4:16 PM IST

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Aviation minister's statement on Air India privatisation 'highly...

Air India will have to be closed down if not privatised will have "massive financial implications , said Puri.

29 Nov 2019 1:18 PM IST

Billionaire Mukesh Ambani.

RIL becomes first to hit Rs 10 lakh crore market cap

At market close, the oil-to-telecom conglomerate's market valuation surged to Rs 10,01,555.42 crore on the BSE.

29 Nov 2019 2:38 AM IST