Maruti Suzuki falls 4% on reports of production cut due to lower demand
Posted on 18th March 2019 |
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Shares of Maruti Suzuki India (MSIL) dipped 4 per cent to Rs 6,780 on the BSE in early morning trade in an otherwise strong market, on reports of production cut due to slower demand. “A slowing demand in India’s passenger vehicle market has prompted the car market leader, Maruti Suzuki India, to cut production by a quarter over March last year,” the Business Standard reported quoting people aware of the company’s plans. |
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Jet Airways crisis: SBI hopeful of resolution next week
Posted on 16th March 2019 |
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Amidst increasing differences between Jet Airways and Etihad Airways, the only party that can bailout the beleaguered airline, over the equity cap that its founder chairman Naresh Goyal can hold after his forced exit,bankers Friday exuded confidence of reaching a resolution plan as early as next week. |
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Sensex hits 6-mth high; surges over 260 points
Posted on 16th March 2019 |
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Extending its winning run to the fifth session, BSE benchmark Sensex climbed 269 points to hit six-month high of 38,024 led by rally in banking stocks amid soaring foreign fund inflows, strengthening rupee and positive global cues. After rallying nearly 500 points in afternoon trade, the Sensex settled 269.43 points, or 0.71%, higher at 38,024.32. The NSE Nifty closed 83.60 points, or 0.74%, up at 11,426.85. |
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Air India requests 'inactive' crew to immediately join work
Posted on 16th March 2019 |
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New Delhi: National carrier Air India on Friday requested its "inactive" crew members to "immediately" join work at a time when the airline has been forced to cancel and reroute a number of US and Europe-bound flights due to closure of Pakistan airspace since February 27. |
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Jio, Vodafone-Idea or Airtel? Which is the fastest 4G network in India?
Posted on 17th March 2019 |
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Fastest 4G network in India: Data released by the Telecom Regulatory Authority of India (TRAI) shows that Reliance Jio was the fastest telecom network in February. Jio registered an average download speed of 20.9 megabit per second in the past month. The performance of other leading cellular service providers remained more or less unchanged in February when compared to their performance in January. |
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NCLAT refuses to direct SBI to release RCom funds to Ericsson
Posted on 16th March 2019 |
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The National Company Law Appellate Tribunal on Friday refused to direct State Bank of India-led joint lenders’ forum to release Rs 260 crore of income-tax refunds of Reliance Communications to Ericsson India. The tax refunds of Rs 260 crore for 2015-16, lying in the ‘Trust and Retention Account’ with SBI, the lead Bank of JLF, was required by RCom and its two group firms — Reliance Telecom and Reliance Infratel — to clear off their balance Rs 453-crore dues payable to Ericsson India by March 19, failing which promoter Anil Ambani will face jail term of three months. |
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Malvinder, Shivinder Singh ultimate beneficiaries of Rs 2,315 crore funds division: Sebi
Posted on 16th February 2019 |
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Stock market regulator Securities and Exchange Board of India (Sebi) in its order has stated that Malvinder and Shivinder Singh were the ultimate beneficiaries of the `2,315-crore funds diversion done in a fraudulent manner in Religare Enterprises (REL) and Religare Finvest (RFL). The 24-page ex-parte order passed on Thursday by G Mahalingam, Wholetime Member, Sebi, says that this is a remedial measure, pending further investigation. |
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Facebook is readying AI tech to combat 'revenge porn'
Posted on 16th March 2019 |
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Facebook Inc said on Friday it would use artificial intelligence to combat the spread of intimate photos shared without people's permission, sometimes called "revenge porn," on its social networks. The new technology is in addition to a pilot program that required trained representatives to review offending images. |
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Kotak Mahindra Bank elevates KVS Manian, Gaurang Shah as board directors
Posted on 16th March 2019 |
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Kotak Mahindra Bank has appointed KVS Manian and Gaurang Shah as whole-time directors for a three-year term effective from the date of approval from the Reserve Bank of India. The appointment of Manian and Shah is also subject to shareholders’ approval, the bank informed the BSE. |
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Govt turns to PSBs to fast track redevelopment of railway stations
Posted on 16th March 2019 |
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To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster. The companies include RITES, Mecon, National Project Construction Corporation (NPCC), Engineering Projects (India) (EPIL) and Bridge and Roof Company (India) (B&R).
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