SpiceJet: According to a PTI report, the budget airline's chief Ajay Singh Monday indicated that fares could be hiked in the next few months. Rising fuel prices, falling rupee and intense competition are taking a toll on the profitability of airlines. Aviation turbine fuel (ATF) accounts for a significant chunk of an airline's operational expenses.
Srei Equipment Finance and Hinduja Leyland Finance are among the four companies that received markets
regulator Sebi’s approval recently to float initial share sales.
NMDC: The state-owned company has approached the Western Australian Government, seeking a license to explore Tungsten, a metal much in need for the Indian defence and aerospace sectors, PTI reported.
According to a report by The Economic Times, Zee Entertainment Enterprises (ZEE) and Mukesh Ambani-owned Reliance Jio have initiated talks to break a monthlong deadlock over pricing of content on the telecom operator’s platform, according to people aware of the development.
Container Corporation of India: The company has signed an agreement to form joint working group with Central Warehousing Corporation, to operate its container freight station facility at Pipavav port.
Manali Petrochemicals: The company announced that the company will launch the products of its wholly owned subsidiary Notedome, UK, manufactured at the facilities of the Company in Chennai during September 2018.
YES Bank: The private lender's board and shareholders have approved raising Rs 30,000 crore via debt from domestics as well as foreign buyers. The bank's capital raising committee will consider this issue of BASEL III compliant tier 2 bonds on or after 14 September 2018.