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  • Tata Steel agrees 10-year investment plan for UK

    Tata Steel agrees 10-year investment plan for UK  

    Indian giant Tata Steel today made a 10-year commitment to a one-billion-pound investment plan as part of its crucial talks with steelworkers' unions to save thousands of jobs in the UK.

    07 Dec 2016, 9.58 pm  |  Source: PTI

  • Nusli Wadia seeks Sebi intervention in battle with Tata: Sources

    Nusli Wadia seeks Sebi intervention in battle with Tata: Sources  

    Sources tell CNBC-TV18 that Nusli Wadia, who has been removed as independent director from three Tata group companies, seeks the market regulator Securities and Exchange Board of India (SEBI) in to intervene in this ongoing battle...

    07 Dec 2016, 9.52 pm  |  Source: CNBC-TV18

  • PSU banks write off Rs 1.54 lakh crore bad loans

    PSU banks write off Rs 1.54 lakh crore bad loans  

    Public sector banks (PSBs) have written off Rs 1.54 lakh crore of bad loans between April 2013 and June 2016, Parliament was informed today.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • FPS to raise Rs 50cr to expand PayTonic services in 20 cities

    FPS to raise Rs 50cr to expand PayTonic services in 20 cities  

    PayTonic, unveiled in Mumbai, enables the lowest rung vendors to accept electronic payments even without a smartphone.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • Demonetisation: 2017 to see a change in Indian mindset, says Narayana Murthy

    Demonetisation: 2017 to see a change in Indian mindset, says Narayana Murthy  

    After demonetisation, 2017 will see a change in the Indian mindset. However, it will have to be seen whether Indians would still subscribe to the old ways of under the table transactions or whether they will follow PM Narendra Mod...

    07 Dec 2016, 9.07 pm  |  Source: CNBC-TV18

  • Maruti unlikely to see demand slowdown in 2017: RC Bhargava

    Maruti unlikely to see demand slowdown in 2017: RC Bhargava   

    Terming the dip in footfalls and new bookings on account of demonetisation as a “temporay blip”, Chairman RC Bhargava said latest reports from its dealerships indicate a reversal in the trend. He added that the company is unli...

    07 Dec 2016, 8.48 pm  |  Source: CNBC-TV18

  • Mistry removed as Tata Sons lost confidence in him: Ratan Tata

    Mistry removed as Tata Sons lost confidence in him: Ratan Tata   

    Ahead of EGMs of six Tata group firms called to remove Cyrus Mistry as director, Tata Sons interim Chairman Ratan Tata today told shareholders that the continued presence of the ousted executive in respective boards is a serio...

    07 Dec 2016, 8.22 pm  |  Source: PTI

  • Rs 2,335 cr penalty on telcos for violating KYC norms

    Rs 2,335 cr penalty on telcos for violating KYC norms  

    Over 5 per cent of 7.84 crore Customer Acquisition Forms were found non-compliant during verification process as on September 2016, and a penalty of Rs 2,335.9 crore was imposed on erring telecom operators for violating verifi...

    07 Dec 2016, 7.18 pm  |  Source: PTI

  • Pvt airlines owe AAI Rs 457 cr in dues as on Sep 30: Govt

    Pvt airlines owe AAI Rs 457 cr in dues as on Sep 30: Govt  

    Seven private airlines, including the now-defunct Kingfisher Airlines, owe the national airports operator AAI Rs 457.89 crore on account of airport charges as on September 30 this year, government said today.

    07 Dec 2016, 7.12 pm  |  Source: PTI

  • India Inc disappointed as RBI keeps rates unchanged

    India Inc disappointed as RBI keeps rates unchanged  

    With RBI belying expectations of a rate cut, India Inc today expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation...

    07 Dec 2016, 6.10 pm  |  Source: PTI

  • Adani Transmission to buy RInfra`s western assets for Rs 1,000cr

    Adani Transmission to buy RInfra's western assets for Rs 1,000cr  

    Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

    07 Dec 2016, 6.10 pm  |  Source: PTI

  • CRR reversal `welcome step` for liquidity: Ashvin Parekh

    CRR reversal 'welcome step' for liquidity: Ashvin Parekh  

    Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.

    07 Dec 2016, 6.09 pm  |  Source: Moneycontrol.com

  • Status quo on rates disappointing, says Arundhati Bhattacharya

    Status quo on rates disappointing, says Arundhati Bhattacharya   

    State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committee’s status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate ...

    07 Dec 2016, 4.41 pm  |  Source: CNBC-TV18

  • Foxconn confirms US investment talks after Trump boast

    Foxconn confirms US investment talks after Trump boast  

    Trump announced the agreement -- which he said would bring 50,000 jobs -- in the lobby of Trump Tower in New York, alongside SoftBank's flamboyant chief executive Masayoshi Son.

    07 Dec 2016, 4.18 pm  |  Source: PTI

  • Hindustan Zinc enters solar energy biz, to invest Rs 630 cr

    Hindustan Zinc enters solar energy biz, to invest Rs 630 cr  

    The company led by billionaire Anil Agarwal already produces 474 MW of thermal power and 274 MW of wind energy.

    07 Dec 2016, 4.02 pm  |  Source: PTI

  • IOC, BPCL, HPCL sign deal to set up India`s biggest oil refinery

    IOC, BPCL, HPCL sign deal to set up India's biggest oil refinery  

    The three firms signed the pact for the 60-million tonne a year refinery in Maharashtra with IOC as leader of the consortium, officials said.

    07 Dec 2016, 4.02 pm  |  Source: PTI

  • Sales down 25-30% post demonetisation, says Micromax

    Sales down 25-30% post demonetisation, says Micromax  

    Besides suffering sales online, the company said its supply chain was dented and there was a 15-18 percent decline in sales in the last few weeks.

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • `Telcos` revenues may slip 7% post RJio offer, demonetisation`

    'Telcos' revenues may slip 7% post RJio offer, demonetisation'  

    "At a time when the industry is already facing pressures on the operating metrics, owing to heightened competition, the extension of free services by RJio is expected to further push down the realisations in both the voice and dat...

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • JSW Steel`s crude steel output jumps 45% to 12L tonnes in Nov

    JSW Steel's crude steel output jumps 45% to 12L tonnes in Nov  

    Among the rolled products, the flat products registered a jump of 71 percent at 8.87 lakh tonnes. However, long products registered a decline of 2 percent at 2.21 lakh tonnes in November 2016.

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • Rosneft looks to complete Essar Oil deal in `next few weeks`

    Rosneft looks to complete Essar Oil deal in 'next few weeks'  

    "What Rosneft is doing (is) we signed several purchase agreements (and) we are hoping in the next few weeks to close purchasing the Vadinar oil refinery which as you know is one of the top ten refineries in the world," said Andrew...

    07 Dec 2016, 3.36 pm  |  Source: PTI

  • BMW launches X3, X5 models with petrol powertrains in India

    BMW launches X3, X5 models with petrol powertrains in India  

    The new BMW X3 xDrive28i and BMW X5 xDrive35i will be locally produced at the company's plant in Chennai. The models are now available across the country in both petrol as well as diesel variants.

    07 Dec 2016, 2.56 pm  |  Source: PTI

  • ED registers FEMA case in Rs 22 cr fraud claim in Air Asia

    ED registers FEMA case in Rs 22 cr fraud claim in Air Asia  

    ED has issued summons to the airline's officials and a few others to submit relevant documents and explain the matter to investigators next week as part of its probe into the case registered under the Foreign Exchange Management A...

    07 Dec 2016, 2.54 pm  |  Source: PTI

  • Sun Pharma says US finds more concerns at Halol plant

    Sun Pharma says US finds more concerns at Halol plant  

    The latest notice, a Form 483, was issued to Sun after the FDA completed an inspection of the Halol plant on Dec. 1, the company said. Such a notice is issued when the FDA finds that conditions at a drug plant violate US rules.

    07 Dec 2016, 2.38 pm  |  Source: Reuters

  • After 61 tweaks in 18 yrs, TRAI plans one book for tariff orders

    After 61 tweaks in 18 yrs, TRAI plans one book for tariff orders  

    Telecom companies, which currently find themselves in a maze of tariff orders, may have only one book to refer to from next year if the regulator goes ahead with its current line of thinking. The plan is also influenced by the ris...

    07 Dec 2016, 2.32 pm  |  Source: Moneycontrol.com

  • Mahila E-haat ties up with India Post, SBI

    Mahila E-haat ties up with India Post, SBI  

    SBI users can avail multiple options for making payments such as draft, cheque, e-banking and e-wallet through "SBI Buddy" application. SBI customers abroad can make use of "SBI Global".

    07 Dec 2016, 2.30 pm  |  Source: PTI

  • Brookfield not likely to buy stake in Bharti Infratel: Srcs

    Brookfield not likely to buy stake in Bharti Infratel: Srcs   

    Quoting sources, CNBC-TV18’s Nisha Poddar says that KKR and CPPIB combined are the sole contenders now and are interested in buying majority stake in Bharti Infratel.

    07 Dec 2016, 2.02 pm  |  Source: CNBC-TV18

  • SBT to raise up to Rs 600 cr via Basel-III bonds

    SBT to raise up to Rs 600 cr via Basel-III bonds  

    "The Executive Committee of the Board of Directors of the Bank in its meeting held on December 7, 2016, has approved raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier I bonds by private placement...

    07 Dec 2016, 1.50 pm  |  Source: PTI

  • Sales will normalise by end of Q3, says Adi Godrej

    Sales will normalise by end of Q3, says Adi Godrej   

    Sales impacted due to demonetisation will normalise by the end of this quarter, says Adi Godrej, Chairman of Godrej Group. No de-growth is expected in Q3 or Q4 of the current fiscal.

    07 Dec 2016, 1.31 pm  |  Source: CNBC-TV18

  • CERC passes order in Tata Power, Adani compensatory tariff case

    CERC passes order in Tata Power, Adani compensatory tariff case   

    Even if the Supreme Court votes in favour of Tata Power and Adani Power, it is unlikely to move stock prices of these companies much as analysts have more or lesss priced in this news, feels Murtaza Arsiwalla of Kotak Institutiona...

    07 Dec 2016, 1.13 pm  |  Source: CNBC-TV18

  • Sonalika ITL`s November tractor exports grow 32%

    Sonalika ITL's November tractor exports grow 32%  

    The company exported 1,059 units in November this year as against 800 in the same month last year, Sonalika ITL said in a statement.

    07 Dec 2016, 12.44 pm  |  Source: PTI

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