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Business News

  • Gayatri Projects bags Rs 306 cr road project

    Gayatri Projects bags Rs 306 cr road project  

    "Gayatri Projects has secured a Rs 306 crore contract for the four-laning of a highway on the Andhra Pradesh-Tamil Nadu border from the Ministry of Road Transport and Highways," Gayatri Projects said in a BSE filing.

    30 Jun 2016, 12.20 pm  |  Source: PTI

  • Audi eyes smaller cities, North-East to spur growth

    Audi eyes smaller cities, North-East to spur growth  

    "North-Eastern (region in) India is a focus area for us and we are looking forward to welcome new members to the Audi family from the region," Audi India Head Joe King told PTI.

    30 Jun 2016, 12.14 pm  |  Source: PTI

  • Cisco to partner with startups, cos for smart solutions

    Cisco to partner with startups, cos for smart solutions  

    Cisco LaunchPad is designed to help start-ups, its authorised channel partners and developers scale up their solutions, address new markets and build digital businesses, he added.

    30 Jun 2016, 11.26 am  |  Source: PTI

  • Burnpur Cement sees revenues growing 30% this fiscal year

    Burnpur Cement sees revenues growing 30% this fiscal year   

    Burnpur Cement, a key cement player in the eastern India reported a revenue of Rs 35 crore in Q4 in FY16. In order to increase its market share and position, the company has shifted focus to distribution system, by increasing the ...

    30 Jun 2016, 11.23 am  |  Source: CNBC-TV18

  • Alembic Pharma says plants successfully inspected by USFDA

    Alembic Pharma says plants successfully inspected by USFDA  

    "The company's API facilities i.e. API I and API II both located at Panelav have been successfully inspected by the USFDA between June 20, 2016 and June 29, 2016. The company did not receive any Form 483 observations," Alembic Pha...

    30 Jun 2016, 11.12 am  |  Source: PTI

  • Vedanta eyes 1.7 mt aluminium output this fiscal

    Vedanta eyes 1.7 mt aluminium output this fiscal  

    "Ever since April 1 this year, we have been ramping up our aluminium lines at Balco and Odisha. We would expect that all the Balco lines would be raised this year," Vedanta Limited Group CEO Tom Albanese told PTI.

    30 Jun 2016, 11.04 am  |  Source: PTI

  • Domestic consumption-led services will remain on TeamLease radar

    Domestic consumption-led services will remain on TeamLease radar   

    Speaking to CNBC-TV18, he says the overall theme of “lower regulatory cholesterol for job creation” has been on for last few years and significant improvement has been seen in terms of job creation.

    30 Jun 2016, 10.48 am  |  Source: CNBC-TV18

  • Dabur says demand is down, looks to grow in high single-digits

    Dabur says demand is down, looks to grow in high single-digits   

    Demand, which continues to be weak, will improve only in the second half of FY17 on the back of pay hikes, monsoon and 24x7 opening of shops, says Lalit Malik, CEO of Dabur India.

    30 Jun 2016, 10.21 am  |  Source: CNBC-TV18

  • Future eyes new innovations; for Raymond online is critical play

    Future eyes new innovations; for Raymond online is critical play   

    Speaking to CNBC-TV18 Rakesh Biyani of Future Enterprises said the maximum jobs are created in the services sector. He went on to talk about the Model Shop & Establishment Act that got cleared by the Cabinet yesterday.

    30 Jun 2016, 10.10 am  |  Source: CNBC-TV18

  • 5-tonners to keep growing at 25%, says Eicher Motors

    5-tonners to keep growing at 25%, says Eicher Motors   

    Speaking to CNBC-TV18 Vinod Aggarwal of Eicher Motors said tippers are doing brisk business for the company. He added that as domestic consumption increases, thanks to the Seventh Pay Commission hikes, it will help the commercial ...

    30 Jun 2016, 9.40 am  |  Source: CNBC-TV18

  • Pay hikes to boost retail loan growth by 17-20%: SBI

    Pay hikes to boost retail loan growth by 17-20%: SBI   

    With monsoon playing well and implementation of 7th Pay Commission, growth trajectory is coming back in the economy, says VG Kannan, Managing Director of SBI.

    30 Jun 2016, 9.10 am  |  Source: CNBC-TV18

  • Prices may remain firm for 2 yrs on supply lack: Sakthi Sugars

    Prices may remain firm for 2 yrs on supply lack: Sakthi Sugars   

    For every Re 1 increase in sugar prices, the company’s earnings improve by nearly Rs 20 crore, he says. Currently, sugar prices are around Rs 34-35 per kilogram, which is breakeven level for sugar companies and anything above th...

    30 Jun 2016, 9.00 am  |  Source: CNBC-TV18

  • Meru raises Rs 150 cr from BCCL`s Brand Capital

    Meru raises Rs 150 cr from BCCL's Brand Capital  

    Meru will use the funds to further strengthen foothold in the Indian market with a focus on providing quality service based on a sustainable business model, it said in a statement.

    30 Jun 2016, 8.54 am  |  Source: PTI

  • Godrej Appliances eyes Rs 200 cr from medical refrigerators

    Godrej Appliances eyes Rs 200 cr from medical refrigerators  

    The company has added six offerings this year and plans to set up a capacity of 30,000 units over the next two years.

    30 Jun 2016, 8.54 am  |  Source: PTI

  • Indiabulls Real Estate raises Rs 75 cr via debentures

    Indiabulls Real Estate raises Rs 75 cr via debentures  

    Earlier this month, the Mumbai-based company had announced that it proposes to raise up to Rs 200 crore through issue of NCDs on private placement basis.

    30 Jun 2016, 8.50 am  |  Source: PTI

  • Irdai imposes Rs 10 lakh penalty on Max Life Insurance

    Irdai imposes Rs 10 lakh penalty on Max Life Insurance  

    "In conclusion, as directed under the respective charges, the penalty of Rs 10 lakh shall be remitted by the life insurer by debiting shareholders' account within a period of 15 days from the date of receipt of this order", Insura...

    30 Jun 2016, 8.50 am  |  Source: PTI

  • Exploration at C`garh gold mine to start after rains: Vedanta

    Exploration at C'garh gold mine to start after rains: Vedanta  

    Albanese said the company would start using some new technologies which will help find deeper reserves which were never explored befo

    30 Jun 2016, 8.50 am  |  Source: PTI

  • Sagoon plans to raise $1.8 mn by diluting 10% stake

    Sagoon plans to raise $1.8 mn by diluting 10% stake  

    Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • SBI seeks DRT certificate to recover debts from Mallya

    SBI seeks DRT certificate to recover debts from Mallya  

    Making submissions on Kingfisher Finvest India versus the bank case, Nagananda submitted the defendants - Mallya and Kingfisher Airlines Limited - have not filed any denial against allegations of fraud made against them, which mak...

    30 Jun 2016, 7.26 am  |  Source: PTI

  • India is the fastest growing market in Asia: Twitter`s VP

    India is the fastest growing market in Asia: Twitter's VP   

    CNBC-TV18's Ronojoy Banerjee spoke to Shailesh Rao, the Vice-President of Twitter where he sounded bullish about the India story. Rao said that India is the fastest growing market in Asia for Twitter.

    29 Jun 2016, 10.18 pm  |  Source: CNBC-TV18

  • Lloyds to axe 640 jobs in cost-cutting drive: Sources

    Lloyds to axe 640 jobs in cost-cutting drive: Sources  

    Lloyds Banking Group plans to axe about 640 jobs, sources close to the matter said on Wednesday, as Britain's largest mortgage lender continues to scale back its branch network and workforce.

    29 Jun 2016, 10.10 pm  |  Source: Reuters

  • Essar settles $500 million of Iran oil bill: Sources

    Essar settles $500 million of Iran oil bill: Sources  

    Essar Oil, the top Indian buyer of Iranian oil, has this month cleared USD 500 million of a debt owed to Tehran, two sources with direct knowledge of the matter said.

    29 Jun 2016, 10.07 pm  |  Source: Reuters

  • UK auto demand not hit by Brexit yet, forecast unchanged

    UK auto demand not hit by Brexit yet, forecast unchanged  

    UK car dealerships saw the same number of customers over the weekend as before Britons voted for Brexit last week, Britain's car industry association said on Wednesday, noting that it would not change its forecast for record sales...

    29 Jun 2016, 9.42 pm  |  Source: Reuters

  • Honda doubles Gujarat plant`s scooter capacity with new line

    Honda doubles Gujarat plant's scooter capacity with new line  

    The plant, located in Ahmedabad district's Mandal taluk, has seen investments of Rs 1,100 crore from the Japanese company and a similar amount from 22 vendors.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Worst likely to be over for commodities, says Vedanta CEO

    Worst likely to be over for commodities, says Vedanta CEO  

    "In my view, provided we don't see any negative surprises coming out of China, the worst should be over for commodities," Vedanta Resources CEO Tom Albanese told PTI.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Oppo proposes to setup Rs 1,000-cr facility in Andhra

    Oppo proposes to setup Rs 1,000-cr facility in Andhra  

    Chinese smartphone firm Oppo is looking to invest Rs 1,000 crore to setup a manufacturing unit in Andhra Pradesh, which is likely to create 25,000 jobs in the state.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • `Global carmakers compromising on safety aspects in India`

    'Global carmakers compromising on safety aspects in India'  

    Global automobile manufacturers are compromising on safety aspects of cars sold in India and unless they ensured in-built safety features, crashes will continue to be fatal, according to a member of National Road Safety Counci...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Sasan UMPP: SC refuses to stay APTEL`s order on dues recovery

    Sasan UMPP: SC refuses to stay APTEL's order on dues recovery  

    The Supreme Court today refused to stay an order of the Appellate Tribunal for Electricity that allowed Reliance Power-promoted Sasan Ultra Mega Power Project (UMPP) to recover Rs 1,050 crore dues from procurer states and Tata...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • PayPal starts cross-border protection of buyers, sellers

    PayPal starts cross-border protection of buyers, sellers  

    International payment gateway PayPal on June 29 began a service to safeguard cross-border digital transactions which will, in turn, insulate sellers and buyers from frauds

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • GIC Re`s net profit up by 5.4% to Rs 2,848 cr

    GIC Re's net profit up by 5.4% to Rs 2,848 cr  

    Driven by strong gross written premium, the state-owned reinsurer, GIC Re's net profit increased by 5.4 percent to Rs 2,848 crore in the fiscal year ending March 31

    29 Jun 2016, 9.24 pm  |  Source: PTI

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