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The company will be targeting and offering services to small and medium-sized businesses (SMBs). (iStock)
Photo: Priyanka Parashar/Mint
Car dealers are saddled with twin problems of depleted car sales and operation costs like property rent payment. (Mint)
Car dealers are saddled with twin problems of depleted car sales and operation costs like property rent payment. (Mint)

Auto dealers may default on loans due to unsold stock

  • An expected 25% dip in car sales may dent passenger vehicle dealers’ ability to repay debt
  • As sales crash, dealers face an uphill task of repaying banks once loan moratorium ends

Jet Airways was grounded on 18 April 2019 due to acute fund crunch  (Photo: Mint)
At present, public shareholders have a 49.93% stake in RIL, of which LIC alone holds 6.01% or 3,71,805,415 shares. (Photo: Mint)
Photo: Pradeep Gaur/Mint
Both Paytm Mall and Milkbasket declined to comment on the talks.
Both Paytm Mall and Milkbasket declined to comment on the talks.

Paytm Mall looks to invest in online grocery firms

While the talks are still at the initial stage, Paytm Mall which took a lean approach last year by shutting down its warehouses, wants to invest and partner with these firms to get access to their warehousing infrastructure, as it looks to boost its hyperlocal delivery play

Daimler India Commercial Vehicles Pvt. Ltd entered the Indian market in 2008.
Jet Airways flights are seen parked at Chhatrapati Shivaji Maharaj International Airport, in Mumbai. (ANI)
Photo: AFP
BookMyShow founder and CEO Ashish Hemrajani.
BookMyShow founder and CEO Ashish Hemrajani.

BookMyShow lays off, furloughs 18% employees

Founder and CEO Ashish Hemrajani says the company has tried to do its best to offer financial support, continued health insurance cover and outplacement support to try and make the exercise slightly less painful and ease the burden for employees and their dependents

The company has resumed operations across its facilities in Nasik, Nagpur, Mumbai and Halol (Gujrat) with restricted movement of manpower.
 Nissan Motor's logo is pictured at its headquarters in Yokohama, Japan (REUTERS)
Nissan Motor's logo is pictured at its headquarters in Yokohama, Japan (REUTERS)

Nissan settles dispute with Tamil Nadu over unpaid dues: Report

  • Nissan initiated an international arbitration against India in 2016, claiming 21 billion rupees in unpaid dues and 29 billion rupees in damages and other costs
  • The dispute arose after Nissan said Tamil Nadu hadn't paid certain incentives under a 2008 agreement to set up a car plant

Startups have flagged their grievances regarding angel tax provision, which they considered was not friendly to them. Photo: iStockphoto
Jio Platforms combines all of Reliance’s digital and telecom initiatives. (Photo: Mint)
Pradip Burman.
Shares of the Federal Bank gained 4.27% to close at  ₹42.75 apiece, while the benchmark Sensex index gained 1.88% to close at 32,200.59 points  (Photo: Mint)
Shares of the Federal Bank gained 4.27% to close at 42.75 apiece, while the benchmark Sensex index gained 1.88% to close at 32,200.59 points (Photo: Mint)

Federal Bank has 35% of its loan book under moratorium

  • Federal Bank reported a net profit of 301.23 crore for the three months ended 31 March compared to 381.51 crore in the year-ago period
  • Post-provision, the net NPA ratio was at 1.31% against 1.63% in the Oct-Dec quarter and 1.48% in the year-ago quarter

(Photo: Priyanka Parashar/Mint)
(Photo: Reuters)
Cairn Oil and Gas, a vertical of Agarwal-controlled Vedanta Ltd, earlier this month sent an arbitration notice, disputing the demand, they said. (Reuters)
Cairn Oil and Gas, a vertical of Agarwal-controlled Vedanta Ltd, earlier this month sent an arbitration notice, disputing the demand, they said. (Reuters)

Govt seeks $520 mn from Cairn Oil & Gas; co slaps arbitration notice

  • In 2011, Vedanta bought out Cairn's India operations, including the Rajasthan block
  • The audit alleged discrepancies in the way capital expenses made on setting up the infrastructure to produce oil were booked

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