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Tuesday, 25 February 2020

Business News Today, Cyrus Mistry, SBI Cards IPO, DHFL, Bharti Airtel, Uttar Pradesh fourth budget, Google WI-Fi

Business News Today, Cyrus Mistry, SBI Cards IPO, DHFL, Bharti Airtel, Uttar Pradesh fourth budget, Google WI-Fi 



Cyrus Mistry in Supreme court


After the High Court stayed the order of the Director of Tata Sons to restore Cyrus Mistry, Mistry has now moved the Supreme Court and ordered the NCLAT (National Company Law Appellate Tribunal) to remove several Irregularities. Has demanded and said that his family should have got appeal' in the court.


State Bank of India's credit card unit SBI Cards and Payment Services received IPO permission from SEBI


SBI Cards and Payment Services, the credit card unit of the country's largest bank, State Bank of India, has got the IPO Permission from SEBI. The company applied for this in November. State Bank holds a 76% stake in SBI Cards and the rest is with Carlyle Group. According to the news, the size of this IPO is estimated to be more than Rs 6,000 crore.


More than 20en companies showed interest in buying DHFL


More than 20 companies have shown interest in buying debt-ridden Dewan Housing Finance Limited (DHFL). According to the news, it includes names like Adani Group, KKR, Warburg Pincus and Oaktree Capital. Adani Group, Oaktree Capital, RCL, KKR India and Welspun Group bid for the entire business, while Edelweiss, Kotak Mahindra Banks Phoenix ARC and Varde Partners have expressed a desire to buy the selected portfolio.


Amazing performance of Bharti Airtel’s share


The stock price of telecom company Bharti Airtel has performed well in the last few days. The special thing is that despite many problems, its share price has increased continuously. Bharti Airtel shares have given a return of 87.71% in the last one year. So far this year it has increased by 17.44%.


UP. presents the fourth budget of the government


The fourth budget of the Uttar Pradesh government has been presented. FM. Suresh Khanna presented this budget in the assembly. In this budget, the emphasis of the Yogi government was on the development of religious cities. In this budget, the plan of the Uttar Pradesh government is to develop Ayodhya as a smart city. Apart from this, an amount of 10 crores has been given for the establishment of a cultural center in Varanasi. Rs 358 crore will also be allocated for Kanpur Metro Rail Projects.


Google is now going to turn off free WI-Fi internet services in railway stations


According to media reports, Google is now going to discontinue free internet service via Wi-Fi in railway stations. The company has said that due to cheap data available in the country, the company is not able to earn from free Wi-Fi service. Previously, Google used to recover its costs by showing advertisements while login by a user. But now Internet provider companies are providing very cheap data plans. Due to this, most of the passengers are now using less of the free Wi-Fi service available in the station.

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