Companies
As a testimony to ByteDance's recognition of India's efforts to frame a new data protection legislation, we are pleased to announce that we are taking a significant step towards establishing a data centre in India, said ByteDance.
21 Jul 2019 5:25 PM

The development assumes significance given that Indian government recently issued notices to Tiktok and Helo.

Notwithstanding this, Birla's salary was 202.9 times higher than median remuneration paid to UltraTech employees in FY 2018-19.
21 Jul 2019 2:23 PM

UltraTech had 19,557 permanent employees on its rolls as on March 31, 2019.

The company, beginning mid-2020, will bring to production three sets of new discoveries in the block that will reverse the years of decline in production.
21 Jul 2019 1:40 PM

The fields produced an average of 1.76 million standard cubic metres per day of gas during April-June, the firm said.

During the review period, IL&FS Group had availed rating services from Crisil Ltd, CARE Ratings, ICRA, India Ratings (a Fitch group company) and Brickwork.
21 Jul 2019 11:56 AM

Grant Thornton was asked to review ratings provided by various credit rating agencies (CRAs) to IL&FS group companies.

he government is in discussions with multiple foreign lenders, including Germany’s state-owned development bank KfW Group, the World Bank and some Canadian institutions to extend lines of credit to small enterprises, one of the officials, who did not want to be identified, told Reuters.
21 Jul 2019 1:35 AM

The official said the government plans to source up to Rs 1 lakh crore of loans from foreign institutions.

Richest Indian Mukesh Ambani.
20 Jul 2019 12:14 PM

Mukesh Ambani’s remuneration for 2018-19 included Rs 4.45 cr as salary and allowances, which is marginally lower than Rs 4.49 cr.

Reliance is also holding parallel negotiations for a similar monetisation exercise for its 7,00,000 route km fibre network.
20 Jul 2019 10:08 AM

This is the second investment this year that Brookfield is making in a venture controlled by richest Indian Mukesh Ambani.

The profit in June 2019 quarter has increased more than 43 times, according to a regulatory filing.
20 Jul 2019 10:02 AM

The company has reported the highest ever quarterly profit after tax in the latest June quarter.

In the previous reporting week, the reserves had surged by USD 2.236 billion to scale a new life-time high of USD 429.911 billion. (Photo: PTI)
20 Jul 2019 9:46 AM

The country's reserve position with the fund also declined by USD 1.5 million to USD 3.345 billion.

Consumer businesses, which till last year accounted for a quarter of the company's pre-tax profit, contributed 32 per cent of EDITDA in Q1, the company said.
19 Jul 2019 8:15 PM

Net profit in April-June stood at Rs 10,104 crore while consolidated revenue rose to a record Rs 1,72,956 crore.


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