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Tata Motors launches AMT variants of Tigor; price starts at ₹6.39 lakh
Posted on 18th June 2019
New Delhi: Tata Motors Monday launched automated manual transmision (AMT) versions of its compact sedan Tigor with price starting at ₹6.39 lakh (ex-showroom Delhi).

The company has introduced two variants under its Tigor AMT range - XMA and XZA , priced at ₹6.39 lakh and ₹7.24 lakh, respectively, Tata Motors said in a statement.


Lucknow makes its first road from plastic waste
Posted on 18th June 2019
Several cities in India are finding innovative ways to get rid of the growing menace of plastic. Chennai, Jamshedpur, Pune and Indore found an ingenious way and now Lucknow has joined the bandwagon.

The Lucknow Development Authority (LDA) has started using plastic waste to construct roads as a pilot project. This environment-friendly road is being constructed as a trial from Gomti Nagar Police Station to Indian Institute of Management (IIM) Lucknow.


Pulwama car blast: 2 wounded soldiers die
Posted on 18th June 2019
Two of the around 10 Army personnel injured in a car blast in Pulwama succumbed to their injuries in a Srinagar hospital on June 18.

“Two soldiers, brought to the hospital with severe contusions and concussions, have succumbed to their injuries, while undergoing treatment in the Army’s 92 Base Hospital. We deeply mourn the demise of our bravehearts,” said a Srinagar-based Army spokesman.


Maruti-Toyota tie-up: Analysts seek clarity from Suzuki arm
Posted on 18th June 2019
Analysts have raised concerns over Maruti Suzuki not disclosing more details pertaining to the partnership with Toyota, saying that there is a lack of communication and the company needs to be more open about the collaboration and its implications in the medium and near term.

In a letter to Maruti Suzuki CEO Kenichi Ayukawa, investment management and research firm Sanford Bernstein asked for clarity on what is Maruti offering Toyota in terms of pricing arrangements, who manufactures which model eventually and what kind of manufacturing margins will Maruti earn.


BPCL’s investment plan for Mozambique gas field gets approval
Posted on 18th June 2019
A ministerial group headed by home minister Amit Shah has given its nod to Bharat Petroleum Corporation’s (BPCL) plan to invest $2.2-2.4 billion in the Rovuma Offshore Area-1 gas field in Mozambique. The group — including finance minister Nirmala Sitharaman, commerce and railway minister Piyush Goyal, external affairs minister S Jaishankar and petroleum and steel minister Dharmendra Pradhan — had met on June 4 to scrutinise the investment plan, as it is still to be approved by the Cabinet Committee on Economic Affairs (CCEA).

Reliance Jio, Airtel, Vodafone Idea report similar revenue market share
Posted on 18th June 2019
The revenue market share (RMS) of the top three Indian telecom players has reached a state of equilibrium for the first time since the launch of Reliance Jio in September 2016 in the first three months of January-March 2019 quarter. Reliance Jio reported mobile RMS, including access services and national long-distance revenues, of near 31%, Vodafone Idea (VIL) stood at about 31% and Bharti Airtel was a tad above 29%. The remaining is shared among the smaller players.

Loss-making BSNL takes Rs 10,000 cr capex call for 4G play
Posted on 18th June 2019
Notwithstanding the delay in the allotment of 4G spectrum, state-run telecom player BSNL has readied an investment plan of Rs 10,000 crore for the deployment of 4G network.

It has already started offering 4G VoLTE services through its 3G spectrum with new base transceiver stations (BTSs) in all circles where it already offers 3G services.


SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
Posted on 18th May 2019
State Bank of India (SBI), the country’s largest lender, plans to raise up to Rs 5,000 crore in debt to shore up capital adequacy and support business growth.

The bank will issue Basel III compliant tier-II bonds to raise debt capital.


YES Bank plans to raise $1.2 bn to boost capital, says CEO Ravneet Gill
Posted on 18th June 2019
YES Bank, Asia’s worst-performing bank stock this quarter, plans to raise $1.2 billion over 18 months to bolster its capital buffer through a mix of public and private share sales, Chief Executive Officer (CEO) Ravneet Gill said.

Gill took over in March pledging to improve transparency after his predecessor, founder Rana Kapoor, was forced out by the Indian central bank for inadequate disclosure of stressed loans.


Chinese lenders demand at least $2.1 billion from Anil Ambani's RCom
Posted on 18th June 2019
Chinese lenders, including China Development Bank, Industrial and Commercial Bank of China and Exim Bank of China, have demanded at least $2.1 billion from Anil Ambani’s Reliance Communications, that slid into bankruptcy earlier this year.

State-owned China Development Bank, with loans worth Rs 9,860 crore ($1.4 billion) was the biggest creditor to the indebted telecom company, according to a filing made by the company to stock exchanges.


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