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Kurl-on acquires luxury mattress brand Spring Air for Rs 70 crore

The acquisition covers Spring Air’s operations across India, Bangladesh, Sri Lanka and Pakistan.33 PM ISTBCCLWith this acquisition, Spring Air and Englader brand of mattresses will now be under the Kurl-on umbrella.

Banking system faces Rs 70,000 crore liquidity deficit

MUMBAI: Muted government spending and high election-related spending have created a liquidity deficit of Rs 70,000 crore in the banking system, stymieing the Reserve Bank of India's record liquidity infusion via bond purchases and the innovative dollar-rupee swap, blunting the recent rate cut and clogging the efficacy of policy transmission.The deficit is at Rs 70,266 crore on April 16 compared to Rs 31,396 crore on April 3, data from the Bloomberg India Banking Liquidity gauge showed.

Airtel to challenge DoT demand of Rs 8.2k cr guarantee for Tata Tele deal

ReutersAirtel and Tata Teleservices had announced their merger in Sept 2017.A similar notice was sent to Tata Teleservices.

Gaurs Group to invest Rs 350 cr in new realty project at Yamuna Expressway

44 PM ISTAgenciesGaurs Group is currently developing a number of projects including two large integrated townships at Noida Extension and Yamuna Expressway.Realty firm Gaurs Group Monday said it will invest Rs 350 crore to develop a new mixed-use project in its 250-acre township along Yamuna Expressway in Uttar Pradesh.

Reliance Group: Jio's fibre business raising Rs 27,000-crore loan

Lenders in the consortium include ICICI Bank, Axis Bank, State Bank of India (SBI) and Punjab National Bank, said industry executives dealing with the fund-raising.”


SBI is Offering Rs 10,000-11,000 Cr Loan
SBI is said to be advancing Rs 10,000-11,000 crore.

mumbai: RCom asked to pay infratel Rs 39 crore for early infra site exit

Mumbai: An arbitration tribunal has ordered Reliance Communications (RCom) to pay Bharti Infratel Rs 39.The tribunal has also levied an interest amount that the telco has to pay to the infrastructure player.

Investors Clinic: Investors Clinic sells properties worth Rs 500 crore during Mar 24-31 sale festival

26 PM ISTOthersImproved metro connectivity in Noida-Greater Noida helped in robust sales, the company said in a statement.NEW DELHI: Property brokerage firm Investors Clinic Saturday said it sold 1,200 housing and commercial units worth Rs 500 crore in Delhi-NCR during its sale festival in the last week of March.

Dilen Gandhi: Rs 5 packs a punch in fast-moving snacks

As the market continues to attract new players, who are experimenting with fresh flavours to drive consumption, the magic price point of Rs 5 would stand them in good stead.Parle Products category head Mayank Shah said Rs 5 and Rs 10 together comprise 75% of the overall biscuits market, which includes unorganised as well.

infra projects: Capacit'e Infra projects secures around Rs 400 cr orders from Oberoi Realty, K Raheja Corp

PTI|Apr 11, 2019, 01.08 PM ISTAgenciesAfter securing these two orders, the company's total order book has reached around Rs 7,700 crore.

Anil Ambani: Ericsson may have to refund Rs 550 cr to RCom if insolvency proceedings revived: NCLAT

"If we dismiss this appeal (against the admission of bankruptcy proceedings against RCom), then you (Ericsson) will have to pay back the money.“We should dismiss this appeal and let the ‘insolvency’ proceedings go on,” the bench said.

Johnson & Johnson: J&J agrees to pay only Rs 25 lakh compensation for faulty hip implants

In March this year, a committee under Dr Arun Kumar Agarwal submitted its report to the health ministry with its final recommendation.47 PM ISTBCCLJ&J statement to the Delhi HC comes a month after the drug controller directed the company to pay up two patients in Maharashtra Rs 65 lakh and Rs 74 lakhOn Monday US device maker Johnson and Johnson (J&J) agreed to pay a compensation of Rs 25 lakh to patients who received the faulty hip implants.

4G: BSNL collects record Rs 6,500 crore in revenue from enterprise division

State-owned telecom firm BSNL has collected a record revenue of Rs 6,500 crore from enterprise segment, making it sufficiently funded, which will help in meeting its various requirement.55 PM ISTBCCLDespite being a loss-making telecom firm, BSNL has the lowest debt of Rs 14,000 crore among all telecom operators.

12 people lose Rs 10 lakh after using ATMs in east Delhi

NEW DELHI: A dozen people holding accounts in different banks in east Delhi lost almost Rs 10 lakh in a suspected skimming attack after having swiped their cards in ATMs near Laxmi Nagar in the past week.In their complaints, the victims claimed that money from their accounts was withdrawn from ATMs in Noida and east Delhi without their knowledge, mostly in large amounts.

Aster DM Healthcare to invest Rs 1000 crore for hospitals in India

17 PM ISTBCCLThe group is planning to construct two big hospitals in Thiruvananthapuram and Chennai.KOCHI: Aster DM Healthcare is planning to invest about Rs 1000 crore in India to expand its hospital facilities in the country.

PVR to spend Rs 14 crore to install 400 D-BOX motion seats across 9 cinemas

Dutta said the company will retrofit five screens, and use five for new screens.MUMBAI: Leading multiplex player PVR Cinemas has signed a deal with D-BOX Technologies, a world leader in immersive motion entertainment experiences, to install over 400 D-BOX motion seats in nine of its cinemas across Delhi-NCR and Mumbai.

FCA India launches Jeep Compass Sport Plus priced at Rs 15.99 lakh

The new Jeep Compass Sport Plus comes with additional new features as standard.03 PM ISTAgenciesThe Jeep Compass Sport Plus comes in front-wheel drive (FWD) in two powertrain options -– a 173 PS, 2.

CNG prices likely to rise by about Rs 1.25/kg

Indraprastha Gas Ltd (IGL), the city gas distributor in Delhi and its satellite cities, is expected to shortly announce new prices.42 PM ISTAgenciesThe gas price jump will boost earnings at ONGC, Oil India, RIL and Vedanta but would hurt consumers.

Former IL&FS vice chairman Hari Sankaran pushed for Rs 175-crore loan to Siva firm: SFIO

The Rs 175-crore loan given by IL&FS Financial Service Ltd.(IFIN), a subsidiary of IL&FS, to an entity of the Siva group was cited as one of the instances of alleged conflict of interest committed by Sankaran.

Godrej Properties sold 2,900 flats in Q4 for over Rs 2,100 cr

Realty firm Godrej Properties Monday said it sold 2,900 flats for over Rs 2,100 crore during the fourth quarter of last fiscal.In a statement, the Mumbai-based developer said "it has achieved its highest ever bookings numbers in Q4 FY19.

Essar Steel’s operational creditors to get Rs 1,000 crore more

“Then, there is also the chance that operational creditors would want more than what is offered now and will appeal.”

So far, operational creditors were slated to recover less than 5% or Rs 214 crore out of their Rs 4,976 crore outstanding.