Bhupendra Singh ChundawatState Bank of India (SBI) will cease to be a fund manager of retirement fund body EPFO by March-end, as a bank cannot function as an asset management company under the Reserve Bank of India (RBI) norms. SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, … Read more
Maruti Suzuki India has reported 12.6% fall in its production to 135,946 vehicles in November 2018, as compared to 155,568 vehicles in November 2017. Of total, the company manufactured 30,147 vehicles under mini segment (including Alto, Wagon R) in November 2018, as against 39,115 units manufactured in corresponding month previous year. The company manufactured 65,736 … Read more
Asian Oilfield Services’ wholly owned subsidiary–Asian Oilfield & Energy Services DMCC (ADMCC) has entered into a Settlement Deed of $4 million as final settlement amount with Koral Energy International for recovery of monies due under the Service Contract. Earlier, the company’s subsidiary ADMCC had received an alleged termination notice from Koral Energy International pertaining to … Read more
Reliance Industries’ (RIL) telecom arm — Reliance Jio Infocomm (Jio) added a paltry 1.30 crore customers in September 2018. Following this, the company’s total customer base has increased to 25.23 crore with market share of 21.57%. Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and … Read more
Tata Steel has launched its best-in-class Tata Tiscon SD (Super Ductile) rebar in the southern markets. The new rebar will replace the current product, Tiscon 500D. The new product, made with an improved mix of carbon, sulphur, phosphorous and other alloying elements as well as post-rolling treatment, promises a stronger and more flexible rebar for … Read more
State Bank of India (SBI) has raised funds by allotting 40,210 Non-Convertible, Taxable, Perpetual, Subordinated, Unsecured Basel III compliant Additional Tier 1 Bonds, for inclusion in Additional Tier 1 Capital of the Bank, in the nature of debentures of face value of Rs 10 lakh each, at par, bearing coupon of 9.56% p.a. payable annually … Read more
Bharti Airtel has lost a paltry 23.58 lakh customers in September 2018. Following this, the company’s total customer base has decreased to 34.35 crore with market share of 29.38%. Bharti Airtel is a leading integrated telecommunications company with operations across Asia and Africa. Bhupendra Singh ChundawatBhupendra Singh Chundawat is a seasoned technology journalist with over … Read more
