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  • Short-term linkage to Nalco`s captive power plant in Odisha

    Short-term linkage to Nalco's captive power plant in Odisha  

    Earlier in the year, the government had said that Coal India will provide short-term linkages to the end-use plants of those central and state PSUs, both in power and non-power sector, whose coal blocks could not begin production.

    26 Sep 2016, 5.12 pm  |  Source: PTI

  • Ola slashes `Share` fare by 45%, expands to 3 new cities

    Ola slashes 'Share' fare by 45%, expands to 3 new cities  

    Ola has reduced fares across 7 cities where 'Share' is available. The highest reduction has been done in Mumbai and Bengaluru, where the fare has been revised to about Rs 3 per km.

    26 Sep 2016, 5.12 pm  |  Source: PTI

  • BOI sells 18% stake in insurance JV to partner Dai-ichi Life

    BOI sells 18% stake in insurance JV to partner Dai-ichi Life  

    "Upon change in law, Bank of India has sold its 18 percent stake in Star Union Dai-ichi Life Insurance Company Ltd (SUD) to Dai-ichi Life Insurance Company Limited (DILIC)," the lender said in a regulatory filing.

    26 Sep 2016, 5.12 pm  |  Source: PTI

  • PE investment in realty up 64% in Jan-Jun period

    PE investment in realty up 64% in Jan-Jun period  

    The residential asset class commanded the largest share of 44 percent in the total investments during January-June 2016 while commercial office asset class accounted for 22 percent of the investments.

    26 Sep 2016, 5.12 pm  |  Source: PTI

  • Hitachi to launch machine room-less elevator for Asia

    Hitachi to launch machine room-less elevator for Asia  

    Hitachi Building Systems Co today announced that it will launch a new machine room-less elevator for Asia and the Middle East this week.

    26 Sep 2016, 5.10 pm  |  Source: PTI

  • Ethiopia allots land to Kilitch Drugs India arm on lease

    Ethiopia allots land to Kilitch Drugs India arm on lease  

    Drug firm Kilitch Drugs India's arm Kilitch Estro Biotech Plc has been alloted land in Ethiopia on 45 years lease by the Ethiopian Bureau of Rural Land and Environmental Protection for an undisclosed sum.

    26 Sep 2016, 5.10 pm  |  Source: PTI

  • Hard to start greenfield facilities in India: Nirma Group

    Hard to start greenfield facilities in India: Nirma Group   

    The Gujarat-based conglomerate's Chief Financial Officer, Rajendra Joshipara told CNBC-TV18 that the group is happy with the acquisition of Lafarge India's assets and is not on the prowl for more.

    26 Sep 2016, 4.41 pm  |  Source: CNBC-TV18

  • AirAsia India ties up with Reliance General Insurance

    AirAsia India ties up with Reliance General Insurance  

    Under the partnership, 'Reliance Inland Travel Care Policy' will be offered to passengers of AirAsia India.

    26 Sep 2016, 4.08 pm  |  Source: PTI

  • Associate banks to soon submit report on amalgamation to RBI

    Associate banks to soon submit report on amalgamation to RBI  

    The board of the directors has considered the report of the expert committee set up to look into the written objections from shareholders in terms of the Grievance Redressal Mechanism set up as part of the scheme of acquisition, S...

    26 Sep 2016, 3.42 pm  |  Source: PTI

  • Mahindra introduces connected vehicle tech in Jeeto, Imperio

    Mahindra introduces connected vehicle tech in Jeeto, Imperio  

    The technology will enhance productivity of these vehicle owners, opening up a whole new dimension to the experience of vehicle ownership, M&M today said in a statement.

    26 Sep 2016, 3.42 pm  |  Source: PTI

  • Spectrum auction to start Oct 1; govt aiming for Rs 1.5 lakh cr

    Spectrum auction to start Oct 1; govt aiming for Rs 1.5 lakh cr   

    The auctions will actually begin on this Saturday, October 1 with seven telecom operators participating.

    26 Sep 2016, 3.13 pm  |  Source: CNBC-TV18

  • NTPC to raise $500-700 mn in new Masala bonds

    NTPC to raise $500-700 mn in new Masala bonds  

    "The funds raised through the bonds will be for several projects under construction," NTPC's director of finance and chief financial officer, Kulamani Biswal said after attending the launch of Singapore Exchange (SGX) Masala Bond ...

    26 Sep 2016, 3.12 pm  |  Source: PTI

  • Start-ups can take long-term risk with Indian money: Nilekani

    Start-ups can take long-term risk with Indian money: Nilekani  

    "The very nature of start-ups is that many ideas get funded; some ideas succeed; and some have to be revisited or pivoted...that's the nature of this whole venture economy".

    26 Sep 2016, 2.42 pm  |  Source: PTI

  • Call failures due to points of interconnect unacceptable: TRAI

    Call failures due to points of interconnect unacceptable: TRAI   

    Based on the data related to Points of Interconnect (PoIs) with respect to Reliance Jio submitted to the Telecom Regulatory Authority of India by telecom operators including Bharti Airtel, Vodafone India and Idea Cellular, the tel...

    26 Sep 2016, 2.32 pm  |  Source: CNBC-TV18

  • Suven gets 2 patents for molecules targeting CNS disorder

    Suven gets 2 patents for molecules targeting CNS disorder  

    The company has been granted "one product patent from India and one from Japan corresponding to the new chemical entities (NCEs) for treatment of disorders associated with neuro-degenerative diseases...," Suven Life Sciences said ...

    26 Sep 2016, 2.10 pm  |  Source: PTI

  • Hero MotoCorp launches new Achiever 150 priced up to Rs 62,800

    Hero MotoCorp launches new Achiever 150 priced up to Rs 62,800  

    The variant with drum brakes is priced at Rs 61,800 while the one with disc brakes is at Rs 62,800.

    26 Sep 2016, 1.54 pm  |  Source: PTI

  • Plan to raise Rs 40 cr via sale of 2 arms: Gallantt Ispat

    Plan to raise Rs 40 cr via sale of 2 arms: Gallantt Ispat   

    "We are planning to sell-off both these subsidiaries and we aim at raising about Rs 40 crore of capital through this sale subject to board of directors' approval", Mayank Agrawal, CEO of Gallantt Ispat told CNBC-TV18.

    26 Sep 2016, 1.07 pm  |  Source: CNBC-TV18

  • NBFC`s RoE to improve, cost of borrowing to fall: Capital First

    NBFC's RoE to improve, cost of borrowing to fall: Capital First   

    In an interview on CNBC-TV18, V Vaidyanathan of Capital First said that the cost of borrowing is expected to fall by 100 basis points and all NBFCs will see improvement in return on equity (RoE) due to the change in bond pricing.

    26 Sep 2016, 1.02 pm  |  Source: CNBC-TV18

  • Indiabulls Housing Finance to raise up to Rs 7,000 cr via NCDs

    Indiabulls Housing Finance to raise up to Rs 7,000 cr via NCDs  

    The debentures are expected to carry a coupon rate in the range of 8.55-9.15 percent.

    26 Sep 2016, 1.00 pm  |  Source: PTI

  • Mahindra & Mahindra to mobilise Rs 475 crore via NCDs

    Mahindra & Mahindra to mobilise Rs 475 crore via NCDs  

    In a regulatory filing, M&M said: "The Loans and Investment Committee... has approved issuance and offer of 4,750 rated, listed, unsecured, redeemable 7.57 percent secured non-convertible redeemable debentures with a face value of...

    26 Sep 2016, 12.22 pm  |  Source: PTI

  • Aiming for 1 million subscribers by FY17-end: Ortel Comm

    Aiming for 1 million subscribers by FY17-end: Ortel Comm   

    Most of the growth comes from acquisitions, says Bibhu Prasad Rath, CEO of the company. The target is to achieve 1 million subscribers by this fiscal.

    26 Sep 2016, 12.13 pm  |  Source: CNBC-TV18

  • Have built large capabilities for aerospace, says Kalyani Group

    Have built large capabilities for aerospace, says Kalyani Group   

    India has sealed a mega Rs 58,000 crore deal to buy French Rafale fighter jets. In an interview to CNBC-TV18, Rajinder Bhatia, President & CEO- Defence & Aerospace at Kalyani Group said that the details of the deal are yet to be s...

    26 Sep 2016, 11.30 am  |  Source: CNBC-TV18

  • Marksans Pharma gets USFDA clearance for allergy drug

    Marksans Pharma gets USFDA clearance for allergy drug  

    In a BSE filing today, Marksans Pharma said, "USFDA has granted approval for an abbreviated new drug application (ANDA) for loratadine liquid filled capsules 10 mg." Loratadine liquid-filled capsules are therapeutically equivalent...

    26 Sep 2016, 11.08 am  |  Source: PTI

  • Expect topline, margin to rise by 10-15% in FY17: India Glycols

    Expect topline, margin to rise by 10-15% in FY17: India Glycols   

    India Glycols is concentrating on consolidating its business and has no plans to raise capital, says Rakesh Bhartia, CEO of the company.

    26 Sep 2016, 11.07 am  |  Source: CNBC-TV18

  • Patanjali`s Rs 1,600 cr food park coming up in Uttar Pradesh

    Patanjali's Rs 1,600 cr food park coming up in Uttar Pradesh  

    "It is almost finalised now. You may see an announcement by Patanjali Ayurved for an investment of around Rs 1,600 crore in Noida for setting up a food processing plant around Diwali," a senior UP government official privy to the ...

    26 Sep 2016, 10.08 am  |  Source: PTI

  • Exim Bank to raise up to $1.5 bn via bonds this fiscal

    Exim Bank to raise up to $1.5 bn via bonds this fiscal  

    "In an average year, we need to raise USD 2-2.5 billion. Definitely, we will be going to market once this year, but size and time have to be decided depending on market conditions," Exim Bank CMD Yaduvendra Mathur told PTI.

    26 Sep 2016, 10.08 am  |  Source: PTI

  • Vedanta upbeat on success of Goa iron ore ops; says worst over

    Vedanta upbeat on success of Goa iron ore ops; says worst over  

    Goa produces low grade iron ore (Fe content below 58 percent), which is exported to China. After removal of the mining ban by the Supreme Court in 2014, the state is allowed to mine 20 million tonnes (MT), with the highest share o...

    26 Sep 2016, 10.08 am  |  Source: PTI

  • PE investment falls for 3rd month, Aug deal tally at $1 bn

    PE investment falls for 3rd month, Aug deal tally at $1 bn  

    According to assurance, tax and advisory firm Grant Thornton, there were 85 PE transactions worth USD 1,090 million while in August 2015, there were 103 deals worth USD 1,720 million.

    26 Sep 2016, 10.08 am  |  Source: PTI

  • Intex eyes Rs 100 cr from handsets exports this fiscal

    Intex eyes Rs 100 cr from handsets exports this fiscal  

    The company has presence in Nepal, Sri Lanka, Bangladesh, Vietnam, Myanmar, Spain and had clocked around Rs 7-8 crore from exports last year.

    26 Sep 2016, 10.08 am  |  Source: PTI

  • MMF, Finolex join hands to help children with cerebral palsy

    MMF, Finolex join hands to help children with cerebral palsy  

    The two organisations first came together in November 2015 to help such children in Satara near here, after the Foundation was approached by the district administration which in a survey had identified 314 children diagnosed with ...

    26 Sep 2016, 9.42 am  |  Source: PTI

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