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DHFL crisis: SBI, BoB, UBI to move HC seeking rights to pool repayments

On Wednesday, UBI managing director and CEO Rajkiran Rai G had told reporters the court-mandated moratorium on repayments was a temporary one and banks would soon present their arguments to the HC.

FADA contradicts SIAM, says retail sales down 13% in Q2

Both FADA and SIAM source their retail sales numbers from vehicle registration data from the Vahan database maintained by the ministry of road transport and highways.

Reliance Jio records net profit of Rs 990 crore during second quarter

Anshuman Thakur, strategy and planning head, Reliance Jio, said that the 6 paisa charge is purely to recover this regulatory cost and does not account for any changes in the tariff plans of the company.

Retail and digital — Two sectors that helped Reliance post record profit in Q2

The fall in petrochemicals segment EBIT was mainly due to weaker petrochemical product margins offset by record petrochemical production and cost-optimisation through light-feed cracking. Petrochemical segment recorded an EBIT margin of 19.7%.

Reliance Jio adds 8.44 million subscribers in August

In terms of broadband subscribers, Airtel maintained the monthly run rate of past few months while additions for Vodafone Idea continue to remain muted. Airtel added 2.8 million wireless broadband users to take its base to 124.30 million.

Jet Airways effect! Vistara, Spicejet to record sharp rise in weekly departures

India's largest airline by domestic market share, IndiGo, which last winter had 9,030 weekly departures, will now have 10,310 weekly flights between October 27 and March 28. Meanwhile, there will be 2,254 weekly departures of Air India flights under the winter schedule for 2019, up 17.6% from the corresponding period a year ago.

Reliance Retail defies consumption slowdown, reports 27% rise in revenue

The company claims its retail business has grown phenomenally, registering a seven-fold increase in revenue in the last six years and is now preparing to foray into e-commerce.

McNally creditor withdraws insolvency petition after out-of-NCLT settlement

Earlier, in a big jolt to the ongoing restructuring efforts for the Williamson Magor group, the tribunal on Wednesday had ordered commencement of the insolvency resolution process for MBE on a plea of the financial creditor Trinetra Electronics for a payment default.

Centrient Pharma files second lawsuit against Dalas Biotech

In addition, the Delhi HC also found Sinopharm Weiqida of prima facie guilty of contempt of court for illegally importing amoxicillin active ingredients in contravention of the previously granted preliminary injunction in place in India since April 2017.

Quick Heal gets US patent for malware detection tech

The Behaviour-based Detection Technology has been created to combat increasingly sophisticated threats in the cybersecurity landscape, said Sanjay Katkar, JMD and CTO, Quick Heal.

MP Investor Summit: Reliance, ITC, Sun Pharma announce investment plans

“Reliance will be setting up national distribution centres in MP, with over 10 million sq ft of space across 45 locations,” he said, adding that the company will also explore investment opportunities in renewable energy.

Myths linked to nuclear energy should be busted: MoS Jitendra Singh

“I have been trying to sensitise states about nuclear energy, making them aware of its diverse benefits,” Singh said at the India Energy Forum 11th Nuclear Energy Conclave held here.

Air Traffic growth in September disappointing: DGCA Chief

Kumar said even though the September growth is disappointing, the domestic aviation industry had largely weathered the impact of the grounding of the beleaguered Jet Airways.

Axis AMC CEO says wealth creation will happen from quality growth business

The biggest arbitrage available in the market is for people who think long term. I am very clear that wealth creation over the five-year period will happen from quality growth business.

ICICI Lombard General Insurance net profit rises 5% in Q2

ICICI Lombard largely stayed away from new crop business due to the hardening of reinsurance rates and that can be one of the reason for dip in GDPI.

Reliance Capital blames older downgrade for fresh default

In its rating rationale for the downgrade, CARE Ratings had said the rating revision took into account an instance of delay in servicing of coupon on several non-convertible debentures by the company.

Reliance Retail defies consumption slowdown, records 27 per cent rise in revenue

Taking up expensive items, he said the sales of high-end television sets are also up by 29 per cent for the quarter.

RIL yet to decide on adoption of newer rate of corporate taxation

At the consolidated level, the tax outgo has come down to 21 per cent including the tax before net profit and the deferred tax for September from the 25 per cent in the preceding quarter, and this reflects the change only in the MAT, he said.

Ambuja Cements Q3 net profit up 34% at Rs 533 crore

Dirk India is in the business of processing of Fly ash into "Pozzocrete" and is also engaged in a job work for Ambuja Cements by manufacturing cement at its Nasik facility. It had a revenue of Rs 23.63 crore in FY 2018-19.

Auto sales slump effect: Tata Steel cuts Tarapur unit production by 15%

The prolonged slowdown is also likely to impact sales from the plant this year as capacity utilization has come down to around 85 percent now, a senior company official has said, adding last fiscal, the plant had revenue of Rs 1,200 crore.