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Business News

  • Significant steps being made to curb call drops: Rajan Mathews

    Significant steps being made to curb call drops: Rajan Mathews   

    The telecom companies in the meeting stated that there has been a significant reduction in call drop rates and that the industry has come up with a new technology to automate the monitoring of mobile networks.

    25 Jul 2016, 4.34 pm  |  Source: CNBC-TV18

  • IDBI Bank plans to raise Rs 28,000 cr via equity, debt

    IDBI Bank plans to raise Rs 28,000 cr via equity, debt  

    At the annual general meeting of the bank held last week they approved an enabling resolution for issue of shares aggregating up to Rs 8,000 crore inclusive of premium amount through various modes including Qualified Institutional...

    25 Jul 2016, 4.28 pm  |  Source: PTI

  • Here is why JSW Energy is on a roll with its acquisitions

    Here is why JSW Energy is on a roll with its acquisitions  

    In the last one year, JSW Energy has been single-mindedly pursuing deals in the power sector. At last count, it has agreed to snap up three power companies and has pulled out of a deal. The company stands to gain from them immense...

    25 Jul 2016, 4.24 pm  |  Source: Moneycontrol.com

  • Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

    Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal  

    Debt-laden Vedanta Ltd, previously known as Sesa Sterlite Ltd, had on Friday upped its offer to buy out the minority shareholders in its cash-rich subsidiary, Cairn India.

    25 Jul 2016, 4.24 pm  |  Source: PTI

  • Bill to bring cab aggregators like Uber, Ola on anvil: Govt

    Bill to bring cab aggregators like Uber, Ola on anvil: Govt  

    During the Question Hour in Rajya Sabha, the Minister for Road, Transport and Highways said under the present provisions of the "outdated" Motor Vehicles Act, there is not much regulatory control over taxi aggregators like Ola and...

    25 Jul 2016, 4.24 pm  |  Source: PTI

  • Muthoot launches recycling hub in Bengaluru; to open more stores

    Muthoot launches recycling hub in Bengaluru; to open more stores  

    Muthoot Gold Point here is the eighth centre in the country, after Coimbatore, Chennai, Delhi, Mumbai, Kolkata, Ahmedabad and Vijayawada.

    25 Jul 2016, 4.16 pm  |  Source: PTI

  • Eye Rs 800 cr order book, 10% margins in FY17: Transformers

    Eye Rs 800 cr order book, 10% margins in FY17: Transformers   

    Speaking to CNBC-TV18, Jitendra Mamtora of the company said that the company’s order book stands at Rs 868 crore as of June 30. The company has Rs 200 crore worth orders in the pipeline.

    25 Jul 2016, 4.12 pm  |  Source: CNBC-TV18

  • Bajaj V sales cross 1 lakh mark within 4 months of launch

    Bajaj V sales cross 1 lakh mark within 4 months of launch  

    The two-wheeler major further plans to hike the production of the bike, which has been crafted from the metal of INS Vikrant, in order to meet demand.

    25 Jul 2016, 3.40 pm  |  Source: PTI

  • Transformers and Rectifiers (India) to raise Rs 125 cr via QIP

    Transformers and Rectifiers (India) to raise Rs 125 cr via QIP  

    The board of directors approved the "Issuance of Equity Shares through QIP or preferential allotment up to an aggregate amount of Rs 125 crore, subject to the approval of shareholders," Transformers and Rectifiers (India) said in ...

    25 Jul 2016, 3.40 pm  |  Source: PTI

  • 50% of India`s net users to make online payments by 2020: report

    50% of India's net users to make online payments by 2020: report  

    India will leapfrog from traditional payments to digital payments to have the most advanced digital payments ecosystem by 2020, says Rajan Anandan, Vice-president, India and Southeast Asia, Google. Digital payments business to hi...

    25 Jul 2016, 3.37 pm  |  Source: Moneycontrol.com

  • Indian digital payments market to reach $500 bn by 2020: Report

    Indian digital payments market to reach $500 bn by 2020: Report  

    The 'Digital Payments 2020' report, jointly published by Google and Boston Consulting Group, projects that non-cash contribution in the consumer payments segment will double to 40 percent.

    25 Jul 2016, 3.00 pm  |  Source: PTI

  • L&T Finance promotes Dinanath Dubhashi as Managing Director

    L&T Finance promotes Dinanath Dubhashi as Managing Director  

    The board of directors of the company at its meeting held on July 22, appointed Dinanath Dubhashi, Deputy Managing Director as the Manging Director of the company and said that Deosthalee, would continue to serve as the Chairman o...

    25 Jul 2016, 3.00 pm  |  Source: PTI

  • ICICI, Axis banks join Swift`s global payments initiative

    ICICI, Axis banks join Swift's global payments initiative  

    The initiative aims to enhance cross-border payments by leveraging Swift's messaging platform and global reach and in the first phase, the initiative will focus on business-to-business payments.

    25 Jul 2016, 2.58 pm  |  Source: PTI

  • Quikr acquires Hiree, to focus on innovating in jobs space

    Quikr acquires Hiree, to focus on innovating in jobs space  

    Hiree will be merged with QuikrJobs and will operate out of Quikr headquarters, the company said in a statement.

    25 Jul 2016, 2.58 pm  |  Source: PTI

  • Renault launches Lodgy variant priced up to Rs 10.4 lakh

    Renault launches Lodgy variant priced up to Rs 10.4 lakh  

    'Lodgy World Edition' is built with 25 enhancements to its exteriors and interiors and will be available in both 85 PS and 110 PS variants at an introductory price of Rs 9.74 lakh and Rs 10.40 lakh, respectively (ex-showroom Delhi...

    25 Jul 2016, 2.40 pm  |  Source: PTI

  • See loan book growing 25% in FY17: Indiabulls Housing

    See loan book growing 25% in FY17: Indiabulls Housing   

    In an interview with CNBC-TV18, Gagan Banga, VC and MD of the company said that it has been able to reduce the cost of funds successfully and expects to increase its market share in the home loan segment.

    25 Jul 2016, 2.33 pm  |  Source: CNBC-TV18

  • SBI to use IOC kisan seva centres to serve farmers

    SBI to use IOC kisan seva centres to serve farmers  

    The tie-up will help farmers avail the facilities of various products and services by SBI customer service points (CSPs) like savings account, term deposit, recurring deposit, micro credit, remittances, social security schemes, Aa...

    25 Jul 2016, 2.32 pm  |  Source: PTI

  • New accounting method led to reduced Naukri rev growth:Info Edge

    New accounting method led to reduced Naukri rev growth:Info Edge   

    Chief Financial Officer, Chintan Thakkar says if the company were using old methods of accounting, the growth in Naukri.com revenues would have been around 17 percent, close to the 19 percent it has reported in the previous years.

    25 Jul 2016, 2.30 pm  |  Source: CNBC-TV18

  • Thomas Cook India inks pact with Matrimony Bazaar

    Thomas Cook India inks pact with Matrimony Bazaar  

    Thomas Cook India's internal research and consumer analysis shows the significant and growing potential of the honeymoon/romantic travel segment - a 20 to 25 percent year-on-year increase in demand over the last three years, the c...

    25 Jul 2016, 2.18 pm  |  Source: PTI

  • Ricoh India Chairman Tetsuya Takano resigns

    Ricoh India Chairman Tetsuya Takano resigns  

    The company has appointed Ian Peter Winham as its Director/Chairman with immediate effect.

    25 Jul 2016, 1.58 pm  |  Source: PTI

  • ITC appoints Sanjiv Puri as COO

    ITC appoints Sanjiv Puri as COO   

    The board of the company, in its meeting held today "redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect," ITC said in a BSE filing.

    25 Jul 2016, 1.56 pm  |  Source: PTI

  • Seshasayee Paper sees cost of production coming down by 10%

    Seshasayee Paper sees cost of production coming down by 10%   

    The company performance this quarter was aided by two factors: good production and controlled cost of production, says KS Kasi Viswanathan, MD of Seshasayee Paper & Boards.

    25 Jul 2016, 1.53 pm  |  Source: CNBC-TV18

  • Expect to maintain 10-12% topline growth in FY17: Jayant Agro

    Expect to maintain 10-12% topline growth in FY17: Jayant Agro   

    The company's value added business is continuing to grow, says Udeshi. But with delayed rains in the castor growing regions of Gujarat, the commodity business could take a hit. But he reassures that late rains will not harm the cr...

    25 Jul 2016, 1.43 pm  |  Source: CNBC-TV18

  • P-Notes investment hit 2 year low of Rs 2.10 lakh cr in June-end

    P-Notes investment hit 2 year low of Rs 2.10 lakh cr in June-end  

    The board of Sebi, in May, tightened norms to check any misuse of controversy-ridden P-Notes by making it mandatory for users of these overseas instruments to follow Indian anti-money laundering law and report any suspicious trans...

    25 Jul 2016, 1.12 pm  |  Source: PTI

  • Good monsoon, festive season likely to boost sentiment: M&M Fin

    Good monsoon, festive season likely to boost sentiment: M&M Fin   

    The company reported a subdued quarter with 2.25 percent fall in its net profit to Rs 87 crore and reduced its provisions to 30.5 percent to Rs 224.5 crore in Q1. Asset quality quarter-on-quarter deteriorated to 36.9 percent at Rs...

    25 Jul 2016, 1.00 pm  |  Source: CNBC-TV18

  • Mphasis` core business will outperform market in FY17: CEO

    Mphasis' core business will outperform market in FY17: CEO   

    In an interview with CNBC-TV18, Ganesh Ayyar, CEO and ED of Mphasis along with CFO, V Suryanarayanan gave future guidance for the company finances and its business plans.

    25 Jul 2016, 12.39 pm  |  Source: CNBC-TV18

  • Affordable housing loans: Lenders` underwriting practices vital

    Affordable housing loans: Lenders' underwriting practices vital  

    "Affordable housing loans present unique credit risks for lenders and - when securitised - for residential mortgage- backed securities, because of the nature of the borrowers," says Moody's Assistant VP (Research Writer) Georgina ...

    25 Jul 2016, 12.24 pm  |  Source: PTI

  • IOB, Central Bank to benefit from capital infusion: Moody`s

    IOB, Central Bank to benefit from capital infusion: Moody's  

    "The capital infusion will improve their capitalisation at a time when asset quality pressure and elevated provisioning costs have negatively affected their financial performance," it said in its credit outlook titled, 'Indian Ove...

    25 Jul 2016, 12.08 pm  |  Source: PTI

  • RBI imposes penalty of Rs 5 cr on Bank of Baroda

    RBI imposes penalty of Rs 5 cr on Bank of Baroda  

    "The Reserve Bank of India has imposed a penalty of INR 50 million on Bank of Baroda... Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the...

    25 Jul 2016, 12.00 pm  |  Source: PTI

  • GAIL, Gazprom renegotiating LNG deal, says sources

    GAIL, Gazprom renegotiating LNG deal, says sources   

    Shipments under the deal, initially expected to start in 2018/2019, are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the Unite...

    25 Jul 2016, 11.42 am  |  Source: Reuters

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