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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Business News

  • Eyeing margin growth, acquisitions on cards: Nucleus

    Eyeing margin growth, acquisitions on cards: Nucleus   

    Speaking to CNBC-TV18 Vishnu R Dusad - MD & CEO, Nucleus Software said the company has right mix of innovative products to monetise the cash crunch scenario.

    24 Jan 2017, 12.59 pm  |  Source: CNBC-TV18

  • Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec

    Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec  

    Asset base of portfolio managers, who mostly manage investments or provide advisory services to high networth individuals (HNIs), stood at Rs 10.41 lakh crore in December 2015.

    24 Jan 2017, 12.56 pm  |  Source: PTI

  • Voice business down, data services to drive growth: Tata Comm

    Voice business down, data services to drive growth: Tata Comm  

    Pratibha Advani, Chief Financial Officer at Tata Communications, Tuesday said the company is pinning its hopes of growth on data services, with its voice business continuing to show a decline.

    24 Jan 2017, 12.44 pm  |  Source: CNBC-TV18

  • Retail real estate saw $700 mn investment in 2016: CBRE

    Retail real estate saw $700 mn investment in 2016: CBRE  

    "The retail segment in 2016 witnessed more than USD 0.7 billion of investment by PE firms and wealth funds and saw the entry of 19 new global brands into the country," CBRE said in a report.

    24 Jan 2017, 12.38 pm  |  Source: PTI

  • MOIL stake sale: Institutional buyers put up strong bids

    MOIL stake sale: Institutional buyers put up strong bids  

    The 2-day offer of sale (OFS) of the government's 10 percent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

    24 Jan 2017, 12.22 pm  |  Source: PTI

  • Will continue quest for acquisitions, IP partnerships: HCL Tech

    Will continue quest for acquisitions, IP partnerships: HCL Tech   

    Speaking to CNBC-TV18, C Vijayakumar, Chief Executive Officer of HCL Technologies, said the talk of US curbs on foreign workers did not affect HCL much as it has the lowest dependence on H1B visas.

    24 Jan 2017, 12.04 pm  |  Source: CNBC-TV18

  • Eye 20-25% growth in FY18: Ashoka Buildcon`s CFO

    Eye 20-25% growth in FY18: Ashoka Buildcon's CFO   

    Speaking to CNBC-TV18 the CFO, Paresh Mehta, said the company will not make any compromise with its margin adding that it continued to bid for Engineering, Procurement, and Construction (EPC) projects with margins of around 12-12....

    24 Jan 2017, 12.00 pm  |  Source: CNBC-TV18

  • Cyient subsidiary to acquire US-based Certon Software

    Cyient subsidiary to acquire US-based Certon Software  

    "Cyient Inc., USA, a wholly-owned subsidiary of the company, has signed a definitive agreement to acquire 100 per cent equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction," Cyient Ltd said in a BSE ...

    24 Jan 2017, 11.48 am  |  Source: PTI

  • Supreme Court agrees to hear banks in Aircel-Maxis case

    Supreme Court agrees to hear banks in Aircel-Maxis case  

    A bench headed by Chief Justice J S Khehar said that it would hear the plea on the date fixed in the case when Attorney General Mukul Rohatgi, appearing for banks, sought urgent hearing on the ground that the PSU financial institu...

    24 Jan 2017, 11.18 am  |  Source: PTI

  • Tata Motors bags Rs 50-crore order for vestibule buses

    Tata Motors bags Rs 50-crore order for vestibule buses  

    The 22.2 kms long BRTS corridor in Karnataka will bring back the articulated bus concept which was experimented by a few state governments earlier. Such buses are usually twice the size of a conventional bus linked together by a p...

    24 Jan 2017, 10.51 am  |  Source: Moneycontrol.com

  • To sustain Q3 growth momentum in Q4FY17: L&T Infotech

    To sustain Q3 growth momentum in Q4FY17: L&T Infotech   

    Given the growth trend for the first 9 months, Sanjay Jalona, CEO & MD, L&T Infotech is confident of beating industry growth in FY17.

    24 Jan 2017, 10.49 am  |  Source: CNBC-TV18

  • Budget 2017: Govt must simplify retail trade policy, says Future Retail

    Budget 2017: Govt must simplify retail trade policy, says Future Retail   

    Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy.

    24 Jan 2017, 10.13 am  |  Source: CNBC-TV18

  • Why housing fin cos score over banks in a falling rate climate

    Why housing fin cos score over banks in a falling rate climate  

    Many home buyers favour taking loans from housing finance companies (HFCs) as stamp duty and registration costs are included while calculating the total costs of the property as compared to only basic property rates for banks.

    24 Jan 2017, 10.07 am  |  Source: Moneycontrol.com

  • Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda

    Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda  

    The medium-powered FZ, which will be locally made, will fill the gap between the existing FZ 150 and the 300cc Yamaha R3. The FZ 250 would be likely priced below Rs 2 lakh, said sources.

    24 Jan 2017, 9.42 am  |  Source: Moneycontrol.com

  • Girnar Software to cut 136 jobs in restructuring exercise

    Girnar Software to cut 136 jobs in restructuring exercise  

    The company, which has been on an acquisition spree over the past two years, is cutting the jobs in order to keep its commitment to the board to become a profitable firm by the first quarter of the next fiscal and reduce "dependen...

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh

    Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh  

    The company has a long waiting list for the vehicle which will be cleared soon so that more and more Hexa could come on road, Business Unit President for passenger vehicles at Tata Motors Mayank Pareek said.

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Blockchain to help investment banks save $12 bn annually: Report

    Blockchain to help investment banks save $12 bn annually: Report  

    Implementation of blockchain in various operations can help investment banks reduce their operational costs by around USD 12 billion annually, a report by Accenture says.

    24 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • India Inc raises $2.8 bn in foreign borrowings in December

    India Inc raises $2.8 bn in foreign borrowings in December  

    In the same month a year ago (December 2015), the foreign borrowings by Indian firms were at USD 3.03 billion.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Housing sales may see 20-30% decline this year: Fitch

    Housing sales may see 20-30% decline this year: Fitch  

    In its report "2017 Outlook: Asia-Pacific Corporates", Fitch changed its outlook on Indian housing sector to negative from stable.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others

    Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others   

    Terming the RS 950 crore loan to the defunct Kingfisher Airlines (KFA) as unsecure, the Central Bureau of Investigation (CBI) on Monday arrested nine people linked to this cae including former CEO of the airlines and two former Ch...

    23 Jan 2017, 9.36 pm  |  Source: CNBC-TV18

  • Vivo ups premium play with V5 Plus

    Vivo ups premium play with V5 Plus  

    Chinese handset maker Vivo has launched a new smartphone -- V5 Plus -- in the Indian market, priced at Rs 27,980, as it looks to expand in the premium handset segment.

    23 Jan 2017, 9.14 pm  |  Source: PTI

  • ABB planning major expansion in India: Nirmala

    ABB planning major expansion in India: Nirmala  

    Industrial technology major ABB is planning major expansion in India with a focus on electrification of buses, Commerce and Industry Minister Nirmala Sitharaman said today.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • BSNL offers free calls for 30 min a day to new users at Rs 149

    BSNL offers free calls for 30 min a day to new users at Rs 149  

    Customers will also have an option to get similar free unlimited calls for three months by paying lumpsum amount of Rs 439, a BSNL statement said.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • Vodafone to invest Rs 3,000 cr in Bengal over 3 years

    Vodafone to invest Rs 3,000 cr in Bengal over 3 years  

    The Memorandum of Understanding to this effect was signed on the sidelines of Bengal Global Business Summit 2017, a Vodafone statement said.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • IFCI offloads entire stake in non-core biz in Hardicon

    IFCI offloads entire stake in non-core biz in Hardicon  

    Infrastructure term lender IFCI Ltd has sold its entire 45.5 percent stake in associated firm Hardicon Ltd at an undisclosed price.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • Daiichi case: HC asks Singh bros to declare value of total stake

    Daiichi case: HC asks Singh bros to declare value of total stake   

    In the long drawn court battle between Japanese drugmaker Daiichi Sankyo and the former Ranbaxy promoters Malvinder and Shivinder Singh, the Delhi High Court today ordered the Singh brothers to declare the value of their debt free...

    23 Jan 2017, 8.51 pm  |  Source: CNBC-TV18

  • MOIL stake sale at Rs 365/share today; govt to get Rs 480 cr

    MOIL stake sale at Rs 365/share today; govt to get Rs 480 cr  

    Government will sell 10 percent stake in state-owned manganese miner MOIL tomorrow at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.

    23 Jan 2017, 8.24 pm  |  Source: PTI

  • Watch: 10th Mint Annual Banking Conclave 2017

    Watch: 10th Mint Annual Banking Conclave 2017   

    Watch accompanying videos of 10th Mint Annual Banking Conclave 2017, wherein the seven top bankers are discussing about banking - the new landscape.

    23 Jan 2017, 8.23 pm  |  Source: CNBC-TV18

  • Farallon Capital may acquire 24% in Essar Steel for Rs 1,700cr

    Farallon Capital may acquire 24% in Essar Steel for Rs 1,700cr  

    "As part of restructuring of Essar Steel, the financial investor -- Farallon Capital -- has been roped in to invest USD 250 million (Rs 1,700 crore) for a 24 percent equity stake," a source privy to the development said.

    23 Jan 2017, 7.38 pm  |  Source: PTI

  • SEBI struggling to sell Sahara properties due to title disputes

    SEBI struggling to sell Sahara properties due to title disputes  

    The Securities and Exchange Board of India is finding it hard to sell the properties of Sahara India Pariwar because of issues with the title deeds.

    23 Jan 2017, 6.31 pm  |  Source: Moneycontrol.com

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