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Budget 2017

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Business News

  • India to consider Apple`s request for incentives with open mind

    India to consider Apple's request for incentives with open mind  

    Apple has sent a list of demands to the Indian government, seeking tax concessions and several other policy exceptions, as necessary pre-requisites before it starts production of its iPhones in India.

    18 Jan 2017, 3.20 pm  |  Source: Reuters

  • RIL, Russia`s Sibur join hands for Jamnagar butyl rubber unit

    RIL, Russia's Sibur join hands for Jamnagar butyl rubber unit  

    The two signed a memorandum of understanding (MoU) for the same at last week's Vibrant Gujarat Summit in Gandhinagar, RIL said in a statement without giving investment details.

    18 Jan 2017, 3.08 pm  |  Source: PTI

  • Govt to sell 25% stake in general insurance companies:FM Jaitley

    Govt to sell 25% stake in general insurance companies:FM Jaitley  

    The Cabinet on Wednesday approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges.

    18 Jan 2017, 2.52 pm  |  Source: Moneycontrol.com

  • Tata-Mistry spat: 5 things to know about today`s NCLT hearing

    Tata-Mistry spat: 5 things to know about today's NCLT hearing  

    Former Tata Group Chairman Cyrus Mistry, who was unceremoniously ousted in October last year, wants a proper governance structure to be put in place.

    18 Jan 2017, 2.38 pm  |  Source: Moneycontrol.com

  • Ashok Leyland rolls out `Guru` priced at Rs 14.35 lakh

    Ashok Leyland rolls out 'Guru' priced at Rs 14.35 lakh  

    Guru is priced between Rs 14.35 lakh and Rs 16.72 lakh while the latest version of Partner is tagged at Rs 10.59 lakh for 6-tyre variant and Rs 10.29 lakh for four tyre version (all prices ex-showroom Chennai).

    18 Jan 2017, 2.32 pm  |  Source: PTI

  • AppsFlyer raises $56 mn from Qumra Capital, 3 others

    AppsFlyer raises $56 mn from Qumra Capital, 3 others  

    This was led by new investors Qumra Capital, Goldman Sachs Private Capital Investing, Deutsche Telekom Capital Partners (DTCP) and Pitango Growth.

    18 Jan 2017, 2.28 pm  |  Source: PTI

  • Airtel appoints Raj Pudipeddi as CMO for India operations

    Airtel appoints Raj Pudipeddi as CMO for India operations  

    Pudipeddi will report to Gopal Vittal, Managing Director & Chief Executive Officer (India & South Asia), Bharti Airtel.

    18 Jan 2017, 2.14 pm  |  Source: PTI

  • Bharat Wire bags defence order; eyeing another from China soon

    Bharat Wire bags defence order; eyeing another from China soon   

    Bharat Wire Ropes has won Rs 8-crore Defence order. "It is a very prestigious order," said ML Mittal, MD of Bharat Wire Ropes in an interview to CNBC-TV18.

    18 Jan 2017, 2.10 pm  |  Source: CNBC-TV18

  • Panacea inks pact with UNICEF,gets USFDA nod for migraine drug

    Panacea inks pact with UNICEF,gets USFDA nod for migraine drug  

    The company has also received a notification from Pan American Health Organisation (PAHO) for purchase of Easyfive-TT vaccine in the event the agency should have any requirements through December, 31, 2019.

    18 Jan 2017, 1.40 pm  |  Source: PTI

  • Nature`s Basket may shut outlets in Delhi-NCR, overhaul design

    Nature's Basket may shut outlets in Delhi-NCR, overhaul design  

    Nature’s Basket, a 100-percent subsidiary of Godrej Industries, is likely to shut all its outlets in national capital region of Delhi by March, according to sources. The stores, branded Godrej Nature’s Basket, sell premium gou...

    18 Jan 2017, 1.30 pm  |  Source: Moneycontrol.com

  • Ansysco Anand ties up with Seiken Chemical for Indian market

    Ansysco Anand ties up with Seiken Chemical for Indian market  

    Under a technical assistance agreement (TAA) signed between Ansysco Anand and Seiken Chemical Industry, the partners will be catering primarily to Japanese OEMs in India, the company said in a statement.

    18 Jan 2017, 1.28 pm  |  Source: PTI

  • India approves plan to list state-run general insurers: Report

    India approves plan to list state-run general insurers: Report  

    Finance Minister Arun Jaitley had announced in last year's budget the government would list state-owned general insurance companies to improve transparency and accountability.

    18 Jan 2017, 1.00 pm  |  Source: Reuters

  • Expect Budget to focus on agri, rural sectors: Kaveri Seed

    Expect Budget to focus on agri, rural sectors: Kaveri Seed   

    Budget should boost rural economy and farmer financing which were hit by demonetisation, G Vijay Kumar, CFO of Kaveri Seed Company told CNBC-TV18.

    18 Jan 2017, 12.24 pm  |  Source: CNBC-TV18

  • See no note ban pain in Q4, margins to improve: Havells CMD

    See no note ban pain in Q4, margins to improve: Havells CMD   

    Havells India CMD, Anil Rai Gupta, says the impact of demonetisation may not be seen in the fourth quarter. The electrical equipment manufacturer reported increased profit at 27.5 percent year-on-year in the quarter ended 2016.

    18 Jan 2017, 12.22 pm  |  Source: CNBC-TV18

  • Cost of funds down; loan growth momentum will continue: Can Fin

    Cost of funds down; loan growth momentum will continue: Can Fin   

    Can Fin Homes remained unaffected by demonetisation and Managing Director SK Hota told CNBC-TV18 the company's portfolio and type of loans given were the primary reasons behind this.

    18 Jan 2017, 12.21 pm  |  Source: CNBC-TV18

  • Plan to re-start production of Caprolactam in 2-3 months: FACT

    Plan to re-start production of Caprolactam in 2-3 months: FACT   

    Caprolactam fertilizer prices have shot up to USD 1890 per tonne, but FACT is not producing it for last 5 years, said the company’s CMD AB Khare.

    18 Jan 2017, 11.55 am  |  Source: CNBC-TV18

  • Hospitals business will do very well in India: Vishal Nevatia

    Hospitals business will do very well in India: Vishal Nevatia   

    Hospital businesses will do very well in India over a period of time. That is the view of India Value Fund Advisors' Vishal Nevatia who has investments in a company called DM Healthcare.

    18 Jan 2017, 11.04 am  |  Source: CNBC-TV18

  • Vedanta, Jain irrigation to sell dollar bonds to raise $1 bn

    Vedanta, Jain irrigation to sell dollar bonds to raise $1 bn  

    London-headquartered metals and mining company Vedanta, in a move to refinance its debt, may raise up to USD 750 million by selling dollar bonds to overseas investors. Jain Irrigation (JISL), too, may raise up to USD 250 million v...

    18 Jan 2017, 10.56 am  |  Source: Moneycontrol.com

  • Make in India: Govt to review mobile phone manufacturing system

    Make in India: Govt to review mobile phone manufacturing system  

    In a bid to promote the ‘Make in India’ campaign, the government is planning to review its policy on manufacturing of mobile phones, an Economic Times report, quoting government officials, says.

    18 Jan 2017, 10.46 am  |  Source: Moneycontrol.com

  • Zillonlife targets Rs 100 cr sales in FY18

    Zillonlife targets Rs 100 cr sales in FY18  

    The company has introduced products in segments like security and surveillance under Lifecorder brand, bath and body products under Sanctuary label and Sierra Brew tea brand.

    18 Jan 2017, 10.42 am  |  Source: PTI

  • Birla Sunlife AMC set target of Rs 2.5 trillion by March 2018

    Birla Sunlife AMC set target of Rs 2.5 trillion by March 2018  

    The company has seen good inflow of capital during the April-December, 2016 across its offerings. It has added 5.5 lakh new folios in overall during the period and now its total folios stand at 34 lakh.

    18 Jan 2017, 10.40 am  |  Source: PTI

  • Samsung India aims to maintain strong market position

    Samsung India aims to maintain strong market position  

    "Then we have the mid-high 'A' series and on top we have the flagship series. We have feature phones, we have tablets, we have accessories, we have wearable devices," Kaul told reporters here after announcing the launch Samsung In...

    18 Jan 2017, 10.24 am  |  Source: PTI

  • Revival in tractor sales, to pick up further in March: Escorts

    Revival in tractor sales, to pick up further in March: Escorts   

    Speaking to CNBC-TV-18, Bharat Madan, Group Financial Controller of leading engineering conglomerate Escorts, said that a revival was witnessed in December as tractor sales beat estimates.

    18 Jan 2017, 10.10 am  |  Source: CNBC-TV18

  • India pips US in Google Play downloads

    India pips US in Google Play downloads  

    "India's app market grew massively outpacing the US to surpass it as the #1 country by Google Play downloads, from around 3.5 billion downloads in 2015 to over 6 billion downloads in 2016," App Annie said in a report.

    18 Jan 2017, 9.20 am  |  Source: PTI

  • Capital First raises Rs 500 cr through bonds

    Capital First raises Rs 500 cr through bonds  

    "The company has raised Rs 500 crore by issue of NCDs on private placement basis," it said in a regulatory filing.

    18 Jan 2017, 9.20 am  |  Source: PTI

  • SBI raises $500 m from overseas bond sale, prices at 3.3%

    SBI raises $500 m from overseas bond sale, prices at 3.3%  

    "The pricing offers a spread of 145 bps over the five-year US treasury, which is equivalent to a price of 99.744 percent yielding 3.306 percent per annum," SBI said in a note late evening after successfully closing the issue throu...

    18 Jan 2017, 9.16 am  |  Source: PTI

  • Mistry not going quietly, may mount another legal challenge

    Mistry not going quietly, may mount another legal challenge  

    According to a report in The Economic Times, former Tata Sons Chairman Cyrus Mistry shot off an angry letter to his fellow board members a day before N Chandrasekaran was appointed as his successor.

    18 Jan 2017, 8.33 am  |  Source: Moneycontrol.com

  • Hexa to be a litmus test for Tata Motors

    Hexa to be a litmus test for Tata Motors   

    The failure to crack the premium segment once earlier notwithstanding, Tata Motors is set to launch yet another deluxe model in a desperate effort to break the jinx.

    18 Jan 2017, 8.14 am  |  Source: Moneycontrol.com

  • Resilient to absorb cost increases from H1B visa reform: Wipro

    Resilient to absorb cost increases from H1B visa reform: Wipro   

    There are many risks to the IT sector and the company needs to respond primarily to the changing customer needs to stay at the top. He feels the Indian IT industry is quite resilient to shocks and Wipro may emerge successful.

    17 Jan 2017, 10.18 pm  |  Source: CNBC-TV18

  • Wadia sends letter to SEBI, raises corporate governance concerns

    Wadia sends letter to SEBI, raises corporate governance concerns  

    In a latest in the Tata versus Mistry tussle, CNBC TV18 learns that Nusli Wadia has sent a fresh letter to market regulator Sebi raising corporate governance concerns on a 10-yer old inter-corporate deposit made by a Tata Steel su...

    17 Jan 2017, 9.51 pm  |  Source: CNBC-TV18

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