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  • Govt asks state-run NALCO to re-think Iran smelter unit plan

    Govt asks state-run NALCO to re-think Iran smelter unit plan  

    "Value addition should happen in India and we should be self sufficient in aluminium instead of importing by setting up plants overseas," Mines Secretary Balvinder Kumar told Reuters. "We have asked them to expand their domestic c...

    29 Sep 2016, 10.09 am  |  Source: Reuters

  • GSPL to increase pipeline in Gujarat by 200 kms: Joint MD

    GSPL to increase pipeline in Gujarat by 200 kms: Joint MD  

    Speaking to CNBC-TV18 T Natarajan, Joint Managing Director of GSPL, said that margins are linked to the tariffs. “We do expect a reasonable increase in margins when the tariff is implemented.”

    29 Sep 2016, 10.05 am  |  Source: CNBC-TV18

  • IWAI inks pact with leading ports for waterways development

    IWAI inks pact with leading ports for waterways development  

    These memorandum of understandings (MoUs) are meant to make use of the synergies, strengths and expertise of the port and dredging sectors to enable the IWAI to accelerate the development of the Inland Water Transport (IWT) sector...

    29 Sep 2016, 10.00 am  |  Source: PTI

  • Amazon launches two more fulfilment centres in Tamil Nadu

    Amazon launches two more fulfilment centres in Tamil Nadu  

    "Spread across two lakh square foot in Chennai and Coimbatore, the fulfilment centres are aimed at empowering small and medium businesses to reach a wider customer base," a company statement said.

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Girnar Software forms JV in Indonesia with Kreatif Media Karya

    Girnar Software forms JV in Indonesia with Kreatif Media Karya  

    The JV is between Girnar's subsidiary CarBay Pte Ltd, and PT. Kreatif Media Karya (KMK), the digital business arm of PT Elang Mahkota Teknologi Tbk (Emtek), one of Indonesia's most prominent media and content firms, the company sa...

    29 Sep 2016, 9.28 am  |  Source: PTI

  • UpGrad joins Startup India programme as education partner

    UpGrad joins Startup India programme as education partner  

    Upgrad, co-founded by Ronnie Screwvala, will offer a four week programme aimed at entrepreneurs looking to take the plunge or already 2-3 years into their journey, with the objective of exposing them to possible challenges in thei...

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Amazon to mint fat profits, hit rivals on the back of pvt labels

    Amazon to mint fat profits, hit rivals on the back of pvt labels  

    Earlier this month Amazon launched its exclusive men's clothing brand called Symbol, it already has AmazonBasics, which caters to affordable and sturdy consumer electronics and technology products.

    29 Sep 2016, 8.55 am  |  Source: Moneycontrol.com

  • Govt to sell 7% stake in Hind Copper; to raise about Rs 400 cr

    Govt to sell 7% stake in Hind Copper; to raise about Rs 400 cr  

    The President of India (acting through and represented by the Mines Ministry), promoter of Hindustan Copper, submitted a copy of notice of offer for sale of up to 6,47,65,260 equity shares of the company, the firm said in a regula...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • New formula mooted by Jayant Sinha to resolve NTPC land

    New formula mooted by Jayant Sinha to resolve NTPC land  

    The Union Minister said under the proposal it was decided though NTPC was given three coal blocks at Pakri Barwadi, Keredari and Chatti Bariatu in Hazaribagh district, it would start coal mining in Pakri Barwadhi for which the rai...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • Domestic pharma firms facing challenging environment: Cipla

    Domestic pharma firms facing challenging environment: Cipla  

    "The environment for domestic pharma companies remains challenging with more products coming under price control and other pressures such as government legislation to ban certain fixed dose combination drugs," Cipla Chairman Y K H...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • JP Group to convert loan into equity

    JP Group to convert loan into equity  

    Shareholders of Jaiprakash Associates Ltd (JAL) approved the "option to convert loans, debentures or other borrowings/debt of the company into equity shares/securities of the company," it said in a regulatory filing.

    29 Sep 2016, 7.38 am  |  Source: PTI

  • Air Canada to start Mumbai-Toronto flight from July 2017

    Air Canada to start Mumbai-Toronto flight from July 2017  

    "The new flights to Mumbai will compliment the four time non-stop direct weekly service between Delhi and Toronto, which will become a daily service on November 6, 2016 as also the introduction of a seasonal thrice a week service ...

    29 Sep 2016, 7.38 am  |  Source: PTI

  • ED has asked HDFC Bank to freeze one current account: FTIL

    ED has asked HDFC Bank to freeze one current account: FTIL  

    "... as informed by HDFC Bank to us, the Directorate of Enforcement, Mumbai, has requested HDFC Bank to provide the bank account statement of a current account of the company and requested the bank to provisionally freeze the said...

    29 Sep 2016, 7.38 am  |  Source: PTI

  • Proud of India`s firm stand to boycott SAARC Summit: Ratan Tata

    Proud of India's firm stand to boycott SAARC Summit: Ratan Tata  

    "So proud of Indian govt's firm stand on bycot of SARC mtg & overwhelming support by member nations (sic)," Tata tweeted.

    29 Sep 2016, 7.38 am  |  Source: PTI

  • GAIL buys three LNG cargoes for Nov-Dec: Sources

    GAIL buys three LNG cargoes for Nov-Dec: Sources  

    Gas firm GAIL (India) Ltd has bought three cargoes of liquefied natural gas (LNG) for deliveries in November and December, two trade source said.

    28 Sep 2016, 10.20 pm  |  Source: Reuters

  • Vistra ITCL releases 2 lakh pledged shares of Edelweiss

    Vistra ITCL releases 2 lakh pledged shares of Edelweiss  

    Vistra ITCL (India) Ltd, formerly IL&FS Trust Company, has released 2 lakh pledged shares of Edelweiss Financial Services.

    28 Sep 2016, 10.18 pm  |  Source: PTI

  • Apple to sell iPhone 7, iPhone 7 Plus on Flipkart

    Apple to sell iPhone 7, iPhone 7 Plus on Flipkart  

    Customers can pre-order the phones from Thursday, September 29 at 23:59 hours from the company's website, Flipkart said in a statement.

    28 Sep 2016, 10.18 pm  |  Source: PTI

  • Need a loan? Moneytap app can help you with it now

    Need a loan? Moneytap app can help you with it now   

    Moneytap's new app-based credit line service went live on Wednesday. The app allows users to know their credit eligibility, limit and get a loan between Rs 3,000 and Rs 5 lakh within a matter of minutes.

    28 Sep 2016, 10.16 pm  |  Source: CNBC-TV18

  • Air India, Air Austral enter into code share pact

    Air India, Air Austral enter into code share pact  

    The pact would enable Air India to code share on the French airline's flights on the Chennai-Reunion-Chennai sector as well as on routes including Reunion to Johannesburg, Seychelles, Mauritius and Madagascar.

    28 Sep 2016, 9.18 pm  |  Source: PTI

  • Srei Infrastructure raises Rs 350 crore via NCDs

    Srei Infrastructure raises Rs 350 crore via NCDs  

    The public issue involved 25,00,000 secured redeemable non-convertible debentures of face value of Rs 1,000 each aggregating up to Rs 2,500 crore (the base issue) with an option to retain oversubscription up to the shelf limit of ...

    28 Sep 2016, 9.16 pm  |  Source: PTI

  • Jio says COAI`s `back door operator` remark contempt of court

    Jio says COAI's 'back door operator' remark contempt of court  

    All the forums within the COAI, of which Reliance Jio is also a member, are "controlled by the incumbent dominant operators owing to their disproportionate voting rights," the statement said.

    28 Sep 2016, 9.16 pm  |  Source: PTI

  • Rationalise taxes for debt-laden telecom players: Study

    Rationalise taxes for debt-laden telecom players: Study  

    The joint paper by Assocham and KPMG said the operators are grappling with a huge debt burden of Rs 3.80 lakh crore, "reinforcing a case for rationalisation of taxes and other levies along with spectrum charges".

    28 Sep 2016, 8.32 pm  |  Source: PTI

  • DHL Express to increase rates by 6.9% in India

    DHL Express to increase rates by 6.9% in India  

    DHL Express, an international express courier service provider, today announced the average price increase of 6.9 per cent in India with effect from January 1, 2017.

    28 Sep 2016, 8.26 pm  |  Source: PTI

  • Manappuram Finance raises Rs 150 crore via NCDs

    Manappuram Finance raises Rs 150 crore via NCDs  

    Primarily a gold loan company based in Kerala, Manappuram Finance has now diversified into other financial business also like microfinance, vehicle and housing finance, and SME lending.

    28 Sep 2016, 8.14 pm  |  Source: PTI

  • BlackBerry to outsource handsets, will halt production

    BlackBerry to outsource handsets, will halt production  

    Handsets with the BlackBerry name will be produced under license by PT Tiphone Mobile Indonesia Tbk, allowing the Canadian firm to concentrate on software and services, a statement by the firms said.

    28 Sep 2016, 8.14 pm  |  Source: PTI

  • India selling 7% stake in miner Hindustan Copper

    India selling 7% stake in miner Hindustan Copper  

    India is selling a 7 percent stake in state-run Hindustan Copper Ltd in stock market deals over two days to Friday, potentially raising the government 4.02 billion rupees (USD 60.5 million).

    28 Sep 2016, 7.41 pm  |  Source: Reuters

  • ING likely to sell $300 million Kotak Mahindra stake: Term Sheet

    ING likely to sell $300 million Kotak Mahindra stake: Term Sheet  

    Dutch financial services company ING Group is selling a USD 300 million stake in Indian lender Kotak Mahindra Bank Ltd in a block trade on Thursday, according to a deal term sheet seen by Reuters.

    28 Sep 2016, 7.34 pm  |  Source: Reuters

  • Sebi orders attachment of bank,demat a/c of Mahadev Industries

    Sebi orders attachment of bank,demat a/c of Mahadev Industries  

    The latest order comes after the company could not pay the fine imposed by the regulator for failing to resolve over 400 investor grievances and not registering with the regulator's online complaint redressal system, SCORES.

    28 Sep 2016, 7.10 pm  |  Source: PTI

  • Nandan Denim to raise Rs 100 crore via convertible warrants

    Nandan Denim to raise Rs 100 crore via convertible warrants  

    Nandan Denim Ltd said it will be issue 25 lakh fully convertible warrants each to Foreign Portfolio Investors (FPIs) -- LTS Investment Fund Ltd and LGOF Global Opportunities Ltd -- at Rs 200 each.

    28 Sep 2016, 7.10 pm  |  Source: PTI

  • Pricebaba.com crosses 100 million visitor milestone

    Pricebaba.com crosses 100 million visitor milestone  

    With a growing consumer electronics & e-commerce market in India, increasing number of consumers are relying on the internet to research and find products. Pricebaba fills this gap with a comprehensive engine that answers what to ...

    28 Sep 2016, 7.10 pm  |  Source: PTI

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