Business

M&M Fin buys part of Aye Finance portfolio

August 1: RBI licensed non-banking finance company Aye Finance has raised funds by selling part of its portfolio, under a securitisation deal, to Mahindra & Mahindra Financial Services.

Nifty hits fresh high of 10,101, Sensex up 100 points

August 1: The Nifty spurted 24 points to scale a new record of 10,101 and the Sensex rallied over 100 points at the open today, fuelled by strong corporate earnings and positive global developments.

Flipkart completes eBay India merger

August 1: E-commerce major Flipkart today said it has completed the merger with eBay India’s operations.

RBI’s MPC meet begins; decision on rates tomorrow

August 1: The 6-member Monetary Policy Committee (MPC) headed by RBI Governor Urjit Patel today started two-day deliberations amid expectations of at least 0.25 per cent

Maruti sales grow 21% in July to 1,65,346 units

August 1: India’s largest carmaker Maruti Suzuki India (MSI) today posted a 20.6 per cent rise in total sales in July at 1,65,346 units as against 1,37,116 in the same month last year.

Centre financed 60% of expenditure of J&K govt in FY16: CAG

August 1: The central government has financed 60 per cent of total expenditure of the Jammu and Kashmir government through non-debt resources during 2015-16

Digitisation process increased but ’invisible’ poll funding a problem: Jaitley

July 22: Finance Minister Arun Jaitley on Saturday said demonetisation and GST have led to greater digitisation in the country and increased the tax base but “invisible” election funding is still a problem India is grappling with.

Paytm Gold available as cashback

July 21: Paytm on Thursday announced that it would enable customers to get their cashback as Paytm Gold. Launched in April this year, Paytm Gold

Jet Airways junior pilots face 30 pc pay cut

July 21: Jet Airways has asked many of its junior pilots to take 10 days off every month, a move that will result in up to 30 per cent pay cut, as part of cost saving measures, sources said today.

Sensex surges 131 pts on RIL earnings numbers

July 21: The benchmark Sensex rallied over 131 points above the 32,000-mark today as Reliance Industries’ reported its highest quarterly earnings.

RIL issues bonus share after 12 years

July 21: Reliance Industries Ltd today announced one bonus share for every share held - the first such issue after 12 years, and a dividend of Rs 13 a share.

Over 1.62 lakh companies deregistered till July 12: Jaitley

July 21: Over 1.62 lakh companies that have not been carrying out business activities for long have been deregistered

Mercedes launches AMG GLC 43 Coupe in India at Rs 74.8 lakh

July 21: German luxury carmaker Mercedes- Benz today launched AMG GLC 43 Coupe in India priced at Rs 74.8 lakh (ex-showroom Delhi).

No need for floor price for telecom services as of now: Trai

July 21: Telecom regulator Trai today said the industry has reached a consensus that there is no need for a floor price for telecom services as of now.

CAG raps MoCA for Kingfisher Airlines’ dues

July 21: The Ministry of Civil Aviation has got a rap on its knuckles from the government auditor for "failing" to take steps to recover Rs 9.19 crore from Kingfisher Airlines.

Govt to align financial year with Calendar year: Jaitley

July 21: The government is considering changing the financial year to January-December from the existing April-March cycle, Finance Minister Arun Jaitley said Friday.

GST Council may take up certain tax issues at Aug meet

July 21: The GST Council at its meeting next month is likely to take up taxation issues raised by sectoral bodies along with a review of the implementation of the new tax regime, a top official said.

Hindustan Unilever Q1 net rises 9% to Rs 1,283 crore

July 20: Fast moving consumer goods major Hindustan Unilever has posted a 9% growth in net profit for the quarter ended June 30, 2017 at Rs 1,283 crore compared with Rs 1,174 crore in the same period previous fiscal.

RCom’s Unlimit, China’s Fibocom tie-up to develop IoT solution

July 20: Reliance Communications’ Unlimit today announced a strategic alliance with Chinese telecom gear maker Fibocom to design and manufacture modules for wireless communications and develop internet of things (IoT) solutions.

Meat export rises to 13.53 lakh tonnes in 2016-17: Nirmala

July 20: India’s meat export increased to 13.53 lakh tonnes in 2016-17 from 13.36 lakh tonnes in the previous fiscal, Parliament was informed today.

Cabinet approves merger of ONGC, HPCL for Rs 29k crore

July 20: The Cabinet on Wednesday approved a proposal to sell the government’s share in the state-owned Hindustan Petroleum Corporation Limited (HPCL) to Oil and Natural Gas Corporation (ONGC) for close to Rs 29,000 crore.

CanBank Q1 net up 10% to Rs 252 crore

July 20: Public sector lender Canara Bank on Wednesday declared 9.89% growth in net profit at Rs 251.60 crore in the first quarter of the current fiscal compared with Rs 228.95 crore in the same quarter last year.

Godrej Agrovet files for IPO

July 20: Godrej Agrovet has filed its draft red herring prospectus (DRHP) with market regulator Sebi seeking permission for its IPO.

Premji bets big on tech investment

July 20: Keeping at bay the global political uncertainty which impacted business sentiment last fiscal, Wipro Chairman Azim Premji on Wednesday

Banks may take Rs 2.4 L cr haircut to settle bad loans

July 20: Banks are likely to take a haircut (write-off) of Rs 2.4 lakh crore, or 60% of bad loans to settle 50 large stressed assets with debt of Rs 4 lakh crore.

Sensex above 32,000 on funds inflows, earnings hopes

July 20: The benchmark Sensex took control of the key 32,000-mark and the NSE Nifty got above 9,900 today after confidence over corporate earnings brought in more foreign capital.

Nine out of 21 PSBs reported losses in FY17

July 18: Nine of the 21 public sector banks, including IDBI Bank and Indian Overseas Bank, reported losses during 2016-17

McDonald’s exploring legal option post-NCLT verdict on Bakshi

July 15: Fast food major McDonald’s today said it is exploring legal options after the NCLT restored its estranged partner Vikram Bakshi as the Managing Director of Connaught Plaza Restaurants Ltd (CPRL).

Infosys CFO MD Ranganath to move to the US

July 15: IT services major Infosys will relocate its Chief Financial Officer M D Ranganath to the US - its largest market - and has also revised his compensation package.

Broadband in 2.5 lakh gram panchayats by 2018

July 15: In line with Digital India initiative of Prime Minister Narendra Modi, the Bharat Sanchar Nigam Limited (BSNL) on Friday introduced state of art 100G Optical Transport Network (NG-OTN) across India for providing Super Express Highways.

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