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  • Essar Power approaches ICICI, lenders to recast Rs 6564 cr debt

    Essar Power approaches ICICI, lenders to recast Rs 6564 cr debt  

    Essar Power Ltd has approached ICICI Bank-led consortium for a strategic restructuring of Rs. 6,564-crore debt of the 1,200 MW Mahan power project set up by a subsidiary.

    05 Dec 2016, 7.45 pm  |  Source: Moneycontrol.com

  • Demonetisation has hit business jet operators: BAOA

    Demonetisation has hit business jet operators: BAOA  

    The Government's demonetisation move and the subsequent cash crunch has "hit" the business jet operators in the country with some of them witnessing cancellations though not significant, according to an industry executive.

    05 Dec 2016, 7.40 pm  |  Source: PTI

  • Global proxy advisory ISS asks shareholders to vote for Mistry

    Global proxy advisory ISS asks shareholders to vote for Mistry  

    Global proxy advisory firm ISS has asked TCS shareholders to vote against the move to remove Cyrus Mistry as the director of TCS and other large group companies, saying Tata Sons has not given any "compelling evidence" for his ous...

    05 Dec 2016, 7.40 pm  |  Source: PTI

  • Aircel launches 3-month on-net unlimited calls for Rs 148

    Aircel launches 3-month on-net unlimited calls for Rs 148  

    Telecom operator Aircel today launched a scheme offering three-month unlimited on-net calls bundled with limited free data usage and calls to other networks for Rs 148.

    05 Dec 2016, 7.22 pm  |  Source: PTI

  • India`s basmati rice export to grow 10% on China market:ICRA

    India's basmati rice export to grow 10% on China market:ICRA  

    India and China together contribute around 40 per cent of the global rice production, which is estimated at around 740 million tonne of paddy, ICRA said, adding of this the communist nation's share was at around 27 per cent.

    05 Dec 2016, 7.22 pm  |  Source: PTI

  • Tata Power SED wins Rs 200 crore order from defence

    Tata Power SED wins Rs 200 crore order from defence  

    Tata Power SED has won a Rs 200 crore order from the Defence Ministry for supplying one regiment of command post and launcher of Pinaka multi rocket launch system.

    05 Dec 2016, 6.38 pm  |  Source: PTI

  • Canara Bank plans to dilute stake in Can Fin Homes to 30%

    Canara Bank plans to dilute stake in Can Fin Homes to 30%  

    State-owned Canara Bank today said it proposes to bring down stake in its housing finance subsidiary Can Fin Homes to 30 per cent as part of strategy to exit non-core business.

    05 Dec 2016, 6.22 pm  |  Source: PTI

  • Sebi may allow investments in mutual funds via digital wallet

    Sebi may allow investments in mutual funds via digital wallet  

    Markets watchdog Sebi is looking to allow investors to buy mutual funds through digital wallets in the wake of the government's plan of boosting digital transactions.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Lupin gets USFDA`s final nod for pain relief tablets

    Lupin gets USFDA's final nod for pain relief tablets  

    Drug firm Lupin has received final approval from the US health regulator for its Hydrocodone Bitartrate and Acetaminophen tablets used for providing pain relief.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • AirAsia India CEO Amar Abrol gets additional role of MD

    AirAsia India CEO Amar Abrol gets additional role of MD  

    Eight months after taking over the reins of AirAsia India as CEO, Amar Abrol has been appointed Managing Director of the no-frills airline in addition to the current role.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • IDFC AMC launches Balanced Fund

    IDFC AMC launches Balanced Fund  

    The company, with assets under management of around Rs 58,500 crore (as on November 30), also has plans to launch a couple of more products by the fiscal-end, a top company official said.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Mahindra to acquire Netherlands`s OFD Holding for 5 mn euro

    Mahindra to acquire Netherlands's OFD Holding for 5 mn euro  

    Mahindra Agri Solutions Ltd (MASL), a wholly-owned subsidiary of the company, has inked a definitive agreement to acquire up to 60 per cent of the equity share capital of OFD Holding BV, a fruit distribution company, M&M said in a...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Jet Airways cut economy fares by 20% on select routes

    Jet Airways cut economy fares by 20% on select routes  

    The four-day fare sale starting from today will be valid for domestic travel commencing from January 5, 2017 onwards while a flyer booking tickets for travel on international sectors may commence journeys immediately, starting tod...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Abhinav Outsourcings to invest Rs 200 cr for expansion

    Abhinav Outsourcings to invest Rs 200 cr for expansion  

    Immigration consulting services firm Abhinav Outsourcings said it is expanding its network by opening new offices in India and abroad, and acquiring an established domestic company engaged in business of overseas education.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Nissan opens first facility to sell GT-R in India

    Nissan opens first facility to sell GT-R in India  

    Japanese car maker Nissan today opened a facility in Noida from where it would exclusively retail its iconic model GT-R in India.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Tata`s lost governance standard needs to be reclaimed: Mistry

    Tata's lost governance standard needs to be reclaimed: Mistry   

    Addressing the shareholders, Mistry further said that the group companies have done their best to help Tata Sons retain its equity ownership and the companies also pay royalty to Tata Sons for the use of the Tata brand.

    05 Dec 2016, 6.12 pm  |  Source: CNBC-TV18

  • Consumers to get 20W LED tube lights at Rs 230: Goyal

    Consumers to get 20W LED tube lights at Rs 230: Goyal  

    "EESL plans to distribute LED tube lights of 20 watts to consumers at an upfront cost of Rs 230 per unit," Power Minister Piyush Goyal said in a written reply to the Rajya Sabha.

    05 Dec 2016, 6.12 pm  |  Source: PTI

  • Lenders lower Kingfisher Villa price by 5%; re-auction on Dec 22

    Lenders lower Kingfisher Villa price by 5%; re-auction on Dec 22  

    The lenders have set the reserve price at Rs 81 crore this time compared to Rs 85.29 crore at the first auction of the property on October 19.

    05 Dec 2016, 6.10 pm  |  Source: PTI

  • E-commerce losses widen in India in 2016

    E-commerce losses widen in India in 2016   

    If consumer demand fails to pick-up in the next six months due to demonetization and companies fail to raise big rounds, it will mean a spate of layoffs in Indian e-commerce.

    05 Dec 2016, 4.26 pm  |  Source: Moneycontrol.com

  • GTL Infra will be in good hands post IDFC Alternatives take over

    GTL Infra will be in good hands post IDFC Alternatives take over  

    The private equity firm IDFC Alternatives after partially selling its stake in Viom Networks Ltd to America Tower Corp is now hunting for stake in the debt-ridden GTL Infrastructure Ltd (GTL Infra).

    05 Dec 2016, 4.26 pm  |  Source: Moneycontrol.com

  • Aim to produce 50% of India`s oil needs: Vedanta

    Aim to produce 50% of India's oil needs: Vedanta   

    Keen on the Indian growth story, Anil Agarwal, Chairman of Vedanta said that he wants to meet the country's growing demand and aims to produce 50 percent of India's oil needs.

    05 Dec 2016, 4.19 pm  |  Source: CNBC-TV18

  • Market hails Tata Steel`s UK plant deal, for now

    Market hails Tata Steel's UK plant deal, for now   

    Reports say that the company is moving towards a deal with UK steel workers’ unions to keep its troubled Port Talbot plant open till at least 2020. Union leaders will be taking the new plan with its members, which if approved co...

    05 Dec 2016, 4.19 pm  |  Source: Moneycontrol.com

  • Nestle`s higher interim dividend signals better days ahead

    Nestle's higher interim dividend signals better days ahead  

    For the September 2016 quarter the company posted a 35.6 per cent YoY growth at Rs 2,363.5 crore while its profit more than doubled to Rs 269.4 crore, a growth of 116.9 per cent.

    05 Dec 2016, 4.16 pm  |  Source: Moneycontrol.com

  • Amazon rolls out global programme `Launchpad` in India

    Amazon rolls out global programme 'Launchpad' in India  

    India is the seventh country where Amazon Launchpad has been made available, and the platform, "tailormade" for startups, is available for a fee of Rs 5,000 a month.

    05 Dec 2016, 4.08 pm  |  Source: PTI

  • SAIL`s debt at Rs 35,144 cr on dearer coal, low realisation

    SAIL's debt at Rs 35,144 cr on dearer coal, low realisation  

    The state-owned steel giant's interest expenses rose to Rs 2,047 crore in 2015-16 from Rs 1,454 crore during 2014-15, Minister of State for Steel Vishnu Deo Sai said in a written reply to Lok Sabha.

    05 Dec 2016, 3.24 pm  |  Source: PTI

  • Demonetisation positive for power sector: Mercom

    Demonetisation positive for power sector: Mercom  

    Quoting a number of discoms and government officials on the issue, the consulting firm also said that the power sector could also benefit from relaxed lending and lower rates, among other things.

    05 Dec 2016, 3.18 pm  |  Source: PTI

  • Merger of associates on track despite demonetisation: SBI MD

    Merger of associates on track despite demonetisation: SBI MD  

    The merger of five associates and the Bharatiya Mahila Bank (BMB) is planned to be wrapped up by 2016-17 end.

    05 Dec 2016, 3.02 pm  |  Source: PTI

  • Nissan India November domestic sales up 52% at 3,975 units

    Nissan India November domestic sales up 52% at 3,975 units  

    Commenting on the sales results, Nissan Motor India Managing Director Arun Malhotra said: "Despite the impact of the liquidity crunch on the current demand for cars, Nissan India posted a healthy growth of 52 percent in November w...

    05 Dec 2016, 2.38 pm  |  Source: PTI

  • Real estate cos expect industry slowdown to last 2-3 months

    Real estate cos expect industry slowdown to last 2-3 months   

    MR Jaishankar, Chairman and Managing Director of Brigade Group says the customers are in a wait-and-watch mode. Although, he adds, commercial real estate has not been affected.

    05 Dec 2016, 2.27 pm  |  Source: CNBC-TV18

  • Crude prices may stay range-bound, upside capped: IOC Chief

    Crude prices may stay range-bound, upside capped: IOC Chief   

    B Ashok, Chairman of IOC, does not agree that oil production cuts will spike up prices. Prices will at best be range-bound around USD 50 per barrel, he says.

    05 Dec 2016, 2.23 pm  |  Source: CNBC-TV18

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