Google Pixel 3a, 3a XL to hit India from May 15; priced at Rs 39,999 onwards
NEW DELHI: Tech giant Google’s latest generation of smartphones – Pixel 3a and Pixel 3a XL – will make their way into the Indian market priced at Rs 39,999 onwards from May 15. These handsets, which are cheaper than their predecessors, compete with devices from the stables of Apple, Samsung and OnePlus in the burgeoning […]
Meeting of the 15th Finance Commission with the Reserve Bank of India
NEW DELHI: The 15th Finance Commission headed by Chairman, N.K. Singh today held a detailed meeting with the Governor and Deputy Governors of RBI in Mumbai today. Key issues raised by RBI Governor, Shaktikanta Das and Finance Commission Chairman, Singh were discussed in detail at the meeting. These issues included the following:– · The necessity […]
With Medlife “health comes home” indicate the brand’s new TVCs
NEW DELHI: India’s online pharmacy Medlife has recently released new TVCs highlighting its standing as a holistic healthcare provider. Conceptualized by Lowe Lintas, Medlife’s new campaign unveils its tagline “Health comes Home” and showcases the brand’s various offerings with pithy and humorous messaging. Each TVC underscores the company’s commitment to its core brand value of securing […]
Indian Overseas Bank looks to raise Rs 850 crore via sale of non-core assets
NEW DELHI: Public sector Indian Overseas Bank on Monday plans to raise about Rs 850 crore during the current financial year through sale of non-core assets to augment capital. In a notification to the BSE, the city-based bank said it plans to raise the amount from sale of properties and investments. “The bank is currently […]
GMR to raise USD 350 million via bonds for Delhi airport
NEW DELHI: Delhi International Airport Ltd, a GMR group company, plans to raise USD 350 million through 10 year senior secured bonds for the airport expansion programme and Moody’s has assigned a Ba2 rating for the proposed bonds. Proceeds from the proposed bond would be used to help fund a major expansion to increase the […]
Marico Q4 net zooms over two-folds to Rs 405 crore
NEW DELHI: Homegrown FMCG major Marico on Monday posted over two-fold increase in consolidated net profit at Rs 405 crore for the fourth quarter of 2018-19, aided by one-time write-back of tax provisions amounting to Rs 188 crore. The company had reported a net profit of Rs 183 crore in the corresponding period of fiscal […]
Piramal Enterprises signs MoU with Canada Pension Plan Investment Board
NEW DELHI: Piramal Enterprises Limited (PEL) today signed a Memorandum of Understanding with Canada Pension Plan Investment Board (CPPIB), a Canadian pension fund, to co-sponsor a renewable energy focused Infrastructure Investment Trust (InvIT). With an initial corpus of US$ 600 million, and the option to scale further, the InvIT would seek to acquire up to […]
Bharti Airtel Q4 net profit up 29% at Rs 107 crore; revenue rises 6.2%
NEW DELHI: Telecom operator Bharti Airtel on Monday posted a surprise net profit of Rs 107.2 crore for the fourth quarter ended March 31, a growth of 29.3 per cent over the year-ago period, on the back of exceptional gain of Rs 2,022 crore. The company’s revenue for March quarter was up 6.2 per cent year-on-year to Rs 20,602.2 […]
Polavaram water only by next year
AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday ruled out supplying water by gravity this year from the partially complete Polavaram project. Also, he has revised the project completion deadline to June 2020 against December 2019 as was promised earlier. “Unless there is a massive flood (in river Godavari) of 15-16 lakh cusecs, […]
Dabur India net profit falls 6.4% to Rs 371.49 crore in March quarter
NEW DELHI: Homegrown FMCG major Dabur India Ltd on Thursday reported a fall of 6.46 per cent in consolidated net profit to Rs 371.49 crore for the fourth quarter ended March 2019. The company had posted a net profit of Rs 397.18 crore in the January-March quarter a year ago, Dabur India said in a […]
TDSAT partially stays DoT’s Rs 8,300 crore demand for Airtel-Tata Tele merger
NEW DELHI: Telecom Disputes Settlement and Appellate Tribunal (TDSAT) on Thursday granted partial stay on Rs 8,300 crore demand raised by the telecom department from Bharti Airtel for approving its merger with Tata Teleservices. The TDSAT has directed “the concerned authorities of the Union of India to take the merger of two companies and licence […]
Bombay Dyeing posts net profit of Rs 1,253.33 crore in March quarter
NEW DELHI: Bombay Dyeing & Manufacturing Co Ltd on Thursday reported a standalone net profit of Rs 1,253.33 crore for the fourth quarter ended March 2019 led by its real estate activities. The company had posted a net profit of Rs 10.95 crore in the January-March period a year ago, Bombay Dyeing said in a […]
Interact with media only after CMD’s authorisation, Air India tells staff
NEW DELHI: Air India has cautioned its employees of “appropriate action” if they interact with the media without prior authorisation in writing from the airline chief, according to a communication. In the communication dated April 30, the airline said there have been instances where employees have interacted with the media or posted videos in uniform […]
Over Rs 9,500 crore can be recovered from Amrapali: Forensic auditors to Supreme Court
NEW DELHI: Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money. Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family […]
Jaypee Infra insolvency: Homebuyers want NBCC bid to be reconsidered
NEW DELHI: Distressed homebuyers of debt-ridden Jaypee Infratech on Thursday demanded that state-owned NBCC’s bid to acquire the realty firm should be reconsidered as they do not have any faith in private companies. Representatives of nine homebuyers’ associations of Jaypee Infratech’s housing projects in Noida, Uttar Pradesh, said that Jaypee group promoters are interfering in […]
Can’t give death penalty for corruption, says Supreme Court on misconduct of builders
NEW DELHI:“We cannot give capital punishment for corruption,” a peeved Supreme Court said Wednesday while referring to the “misconduct” of realtors in cheating lakhs of people across the country. The top court said builders, in connivance with authorities and banks, have flouted norms and constructed sky scrappers side by side across India. It pulled up […]