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Business News

  • Stalled payments relief likely for infrastructure cos: Sources

    Stalled payments relief likely for infrastructure cos: Sources   

    The move will improve liquidity position for the infra industry that has arbitration troubles as major teething problem, said KK Mohanty, MD, Gammon Infra.

    25 Aug 2016, 9.48 am  |  Source: CNBC-TV18

  • In contract with Telangana discom for power supply: Nava Bharat

    In contract with Telangana discom for power supply: Nava Bharat   

    In an interview to CNBC-TV18, GRK Prasad, Executive Director of Nava Bharat Ventures spoke about the Q1 results and his outlook for the company.

    25 Aug 2016, 9.32 am  |  Source: CNBC-TV18

  • Monsanto pulls new GM cotton seed from India in protest

    Monsanto pulls new GM cotton seed from India in protest  

    A letter sent by Monsanto's local partner in India, the conglomerate's biggest market outside the Americas, strongly objects to a government proposal that would force Monsanto to share its technology with local seed companies.

    25 Aug 2016, 9.24 am  |  Source: Reuters

  • Air Arabia passengers can pay for tickets in instalments

    Air Arabia passengers can pay for tickets in instalments  

    The airline operates 115 weekly flights from its hub in Sharjah to 13 Indian cities, including Jaipur, Kochi, Coimbatore and Mumbai.

    25 Aug 2016, 9.24 am  |  Source: PTI

  • TATA discom files plea with DERC against compensation order

    TATA discom files plea with DERC against compensation order  

    The DERC had issued the order following directions from the city government in this regard. The discom said the Delhi government's orders are not binding on the power regulator.

    25 Aug 2016, 9.24 am  |  Source: PTI

  • Govt waives Rs 897 cr penal interest on loans of Cochin Port

    Govt waives Rs 897 cr penal interest on loans of Cochin Port  

    The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has given its approval for waiver of penal interest on government loans worth Rs 897.23 crore availed by Cochin Port Trust, said a statement by th...

    25 Aug 2016, 9.22 am  |  Source: PTI

  • RCom expands enterprise product portfolio with Cloud X WAN

    RCom expands enterprise product portfolio with Cloud X WAN  

    "Cloud X WAN is the first 'Make in India' Cloud-centric network platform. This will help companies save on bandwidth when they use cloud services. The software defined (SD) WAN will be deployed in branch offices which will help or...

    25 Aug 2016, 9.22 am  |  Source: PTI

  • MIP on aluminium: Mecon preparing report; to submit by September

    MIP on aluminium: Mecon preparing report; to submit by September  

    The public sector undertaking has been asked by industry body Aluminium Association of India to prepare the report, which it has to submit by September, a source said.

    25 Aug 2016, 9.20 am  |  Source: PTI

  • Paragon Partners invests Rs 111 cr in Maini Precision Products

    Paragon Partners invests Rs 111 cr in Maini Precision Products  

    Paragon Partners was floated by Siddharth Parekh, son of HDFC Chairman Deepak Parekh, and entrepreneur Sumeet Nindrajog in August last year.

    25 Aug 2016, 8.48 am  |  Source: PTI

  • USFDA issues warning letter to Unimark Remedies

    USFDA issues warning letter to Unimark Remedies  

    Failure to correct these deviations may also result in FDA refusing admission of articles manufactured at Vapi and Bavla facilities into the United States, it added.

    25 Aug 2016, 8.46 am  |  Source: PTI

  • SGI Commex claims to win auction of Vijay Mallya`s luxury jet

    SGI Commex claims to win auction of Vijay Mallya's luxury jet  

    SGI Commex chairman G S Srivastava, an art connoisseur, said the aircraft, an Airbus A319-133 with registration of CJ VT-VJM, will be converted into an art pilgrimage venture under the label of 'Beyond the Obvious' and that it wil...

    25 Aug 2016, 8.46 am  |  Source: PTI

  • Walmart, JCPenney reviewing Welspun

    Walmart, JCPenney reviewing Welspun  

    Global retail majors Walmart and JCPenney are investigating textiles sourced from Welspun India for product integrity, while IKEA is awaiting the outcome of a probe by the Indian firm in the wake of lapses in its supplies to US-ba...

    24 Aug 2016, 10.10 pm  |  Source: PTI

  • Milk regulation in draft notification stage; honey next: FSSAI

    Milk regulation in draft notification stage; honey next: FSSAI   

    It has been 10 years since India’s food safety regulator the FSSAI came into existence. When CNBC-TV18's Shwetha Kothari caught up with CEO Pawan Agarwal he said after noodles, bread and packaged water, the watchdog now has its ...

    24 Aug 2016, 9.59 pm  |  Source: CNBC-TV18

  • Here`s a roundup of all the action from start-ups in India

    Here's a roundup of all the action from start-ups in India   

    CNBC-TV18's Shruti Mishra brings you your daily dose of all the happening's in the world of start-ups on Young Turks start-up tracker.

    24 Aug 2016, 9.59 pm  |  Source: CNBC-TV18

  • Timex Group India to raise Rs 35 cr

    Timex Group India to raise Rs 35 cr  

    Watchmaker Timex Group India Ltd would raise Rs 35 crore from the market by issuing 3.5 crore cumulative redeemable non-convertible preference shares.

    24 Aug 2016, 8.16 pm  |  Source: PTI

  • Zeta eases retail payment further with NFC-enabled Super Tag

    Zeta eases retail payment further with NFC-enabled Super Tag  

    Fin-tech start up firm Zeta has introduced near field communication (NFC) based payment solution to help users make payments at cash counters at ease.

    24 Aug 2016, 8.16 pm  |  Source: PTI

  • Godrej Locking eyes Rs 750 cr sales this fiscal

    Godrej Locking eyes Rs 750 cr sales this fiscal  

    Godrej Locking Solutions and Systems, part of Godrej & Boyce Manufacturing Company, is eyeing a 15 per cent sales growth to Rs 750 crore this year.

    24 Aug 2016, 8.12 pm  |  Source: PTI

  • India Inc enduring deepest earnings decline in 20 yrs: Report

    India Inc enduring deepest earnings decline in 20 yrs: Report  

    India Inc is enduring its worst earnings drawdown of the last 20 years, burdened by weak growth, high interest costs with excessive private sector debt and over-capitalised balance sheets, says a report.

    24 Aug 2016, 8.12 pm  |  Source: PTI

  • Walmart reviewing records, IKEA to continue ties with Welspun

    Walmart reviewing records, IKEA to continue ties with Welspun  

    Walmart is reviewing cotton certification records of Welspun India while IKEA will continue business ties "as usual" with the textiles supplier till the outcome of an ongoing probe by the Gujarat-based firm over lapses in its supp...

    24 Aug 2016, 8.12 pm  |  Source: PTI

  • Banks to auction KFA brands again tomorrow at lower price

    Banks to auction KFA brands again tomorrow at lower price  

    In their second attempt at recovering a part of the dues of over Rs 9,000 crore from now defunct Kingfisher Airlines, lenders will re-auction the airlines' trademarks, including Kingfisher logo and the once-famous tag-line 'Fly th...

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • Make vehicle scrapping mandatory, start with heavy vehicles:FM

    Make vehicle scrapping mandatory, start with heavy vehicles:FM  

    In order to check pollution, a new policy will be framed to make scrapping of 15-year old vehicles mandatory, bringing heavy vehicles in its ambit to begin with, Union Minister Nitin Gadkari today said.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • BSNL launches unlimited 3G plan for Rs 1,099, cuts rate by 50%

    BSNL launches unlimited 3G plan for Rs 1,099, cuts rate by 50%  

    To counter competitors, state-run BSNL today announced a national unlimited 3G mobile data plan for Rs 1,099 and doubled the data usage limit in some existing plans.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • `Annualised GMV for e-commerce firms in India dips 10% in Q2`

    'Annualised GMV for e-commerce firms in India dips 10% in Q2'  

    Annualised GMV for e-commerce companies in India fell 5-10 per cent in the second quarter of 2016 to USD 13 billion, impacted by fewer discounts by players like Flipkart and Snapdeal, research firm RedSeer said today.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • Zydus recalls over 2 lakh bottles of anti-depressant drug in US

    Zydus recalls over 2 lakh bottles of anti-depressant drug in US  

    Zydus Cadila is recalling over 2 lakh bottles of anti-depressant Venlafaxine HCL ER capsules in the US in two different strengths for failed dissolution specifications.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • Will continue to do biz with Welspun till probe outcome: IKEA

    Will continue to do biz with Welspun till probe outcome: IKEA  

    Swedish furniture retail major IKEA today said it will continue its business collaboration "as usual" with Welspun India till the outcome of an ongoing investigation by the Gujarat-based firm over lapses in its supplies to US-...

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • 8K Miles to raise Rs 500 crore; split shares 1:2

    8K Miles to raise Rs 500 crore; split shares 1:2  

    Cloud computing player 8K Miles Software today said it plans to raise Rs 500 crore through a mix of instruments, including issue of fresh equity shares or convertible bonds via qualified institutional placement, among others.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • IFC to invest up to USD 125 mn in Hero Future Energies

    IFC to invest up to USD 125 mn in Hero Future Energies  

    International Finance Corp (IFC) will invest up to USD 125 million in Hero Future Energies, the renewable energy venture of the Hero Group.

    24 Aug 2016, 7.32 pm  |  Source: PTI

  • Maintain operating margin of 18-22% in FY17: Vardhman Textiles

    Maintain operating margin of 18-22% in FY17: Vardhman Textiles   

    The company reported a subdued topline growth in the first quarter. This was due to decline in price of yarn and fabric, the the two biggest business segments for the company by almost 4 percent. But Jain says efforts were made to...

    24 Aug 2016, 6.10 pm  |  Source: CNBC-TV18

  • Jet Airways` economy class fliers can reserve preferred seats

    Jet Airways' economy class fliers can reserve preferred seats  

    Jet Airways today said economy class passengers can now reserve their preferred seats on flights.

    24 Aug 2016, 6.00 pm  |  Source: PTI

  • Govt lets Rel Power mortgage Sasan coal blocks to lenders

    Govt lets Rel Power mortgage Sasan coal blocks to lenders  

    Government has approved the request of Reliance Power to mortgage coal blocks attached to Sasan UMPP to lenders of the plant.

    24 Aug 2016, 5.58 pm  |  Source: PTI

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