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  • NHAI awards Rs 2,845-cr proj in UP to Dilip Buildcon

    NHAI awards Rs 2,845-cr proj in UP to Dilip Buildcon  

    National Highways Authority of India (NHAI) today said it has awarded a Rs 2,845 crore project in Uttar Pradesh to Dilip Buildcon.

    27 Sep 2016, 8.38 pm  |  Source: PTI

  • Lanco may sell majority stake in coal projects to pare debt

    Lanco may sell majority stake in coal projects to pare debt  

    Debt�laden Lanco Infratech may spin off its coal power projects into a single holding company and then may sell majority of it to OPG Power Ventures to ease the burden, sources close to the development said today.

    27 Sep 2016, 8.38 pm  |  Source: PTI

  • Multiplex screens set to rise over 3,000 by 2019: Report

    Multiplex screens set to rise over 3,000 by 2019: Report  

    The cinema exhibition industry, which has witnessed significant consolidation in recent years, would have over 3,000 multiplex screens by 2019, said ratings agency ICRA.

    27 Sep 2016, 7.44 pm  |  Source: PTI

  • Nalco buys back 64.43 crore shares worth Rs 2,835 crore

    Nalco buys back 64.43 crore shares worth Rs 2,835 crore  

    In May, the state-run firm has announced the buyback of up to 64,43,09,628 shares (representing 25 per cent of the total number of shares in the paid-up share capital of the company).

    27 Sep 2016, 6.58 pm  |  Source: PTI

  • Foreign investment limit in Motherson Sumi hiked to 30%

    Foreign investment limit in Motherson Sumi hiked to 30%  

    Foreign institutional investors/registered foreign portfolio investors can, under the Portfolio Investment Scheme (PIS), now invest up to 30 percent of the paid up capital of Motherson Sumi Systems Limited, RBI said in a notificat...

    27 Sep 2016, 6.58 pm  |  Source: PTI

  • NIIT acquires business of ed-tech startup Perceptron

    NIIT acquires business of ed-tech startup Perceptron  

    Learning solutions provider NIIT has acquired the business of Bangalore-based start-up Perceptron Learning in a bid to accelerate its digital transformation initiatives – StackRoute, digiNxt, and Training.com.

    27 Sep 2016, 6.44 pm  |  Source: Moneycontrol.com

  • CIL to offer 20 MT coal under special spot e-auction

    CIL to offer 20 MT coal under special spot e-auction  

    State-owned CIL today announced one-time offer of 20 million tonnes of coal under special spot e-auction in the ongoing fiscal.

    27 Sep 2016, 6.10 pm  |  Source: PTI

  • Amplus to invest Rs 90 cr in Walmart`s rooftop solar plants

    Amplus to invest Rs 90 cr in Walmart's rooftop solar plants  

    Amplus Energy Solutions has committed an investment of Rs 90 crore to install and commission 15 rooftop solar power plants for world's leading retailer Walmart in India.

    27 Sep 2016, 6.10 pm  |  Source: PTI

  • ICICI Bank hits 1 lakh VPA registrations on UPI app

    ICICI Bank hits 1 lakh VPA registrations on UPI app  

    ICICI Bank said customers of any bank who have created their VPA on 'Pockets' as well as ICICI Bank customers using 'iMobile' can soon pay using their smartphone at over 6,500 HPCL petrol pumps and more than 2,000 stores of ABFRL ...

    27 Sep 2016, 6.10 pm  |  Source: PTI

  • Moody`s upgrades Tata Motors on JLR boost, strong domestic ops

    Moody's upgrades Tata Motors on JLR boost, strong domestic ops  

    Moody's has assigned Ba1 rating to Tata Motors, up from the earlier Ba2, the rating agency said in a statement today.

    27 Sep 2016, 6.08 pm  |  Source: PTI

  • RPower to double power plants` capacity;plans 400MW solar unit

    RPower to double power plants' capacity;plans 400MW solar unit  

    Addressing RPower's 22nd Annual General Meeting, he said it will double the capacity of its Rosa and Butibori power plants to 2400 MW and 1200 MW respectively.

    27 Sep 2016, 6.04 pm  |  Source: PTI

  • Will try to trim RCom debt by 75% in 12 mths: Anil Ambani

    Will try to trim RCom debt by 75% in 12 mths: Anil Ambani   

    Grappling with mountain of debt, Reliance Communications today said it is planning to pare the Rs 42,650-crore burden by up to 75 per cent over the next one year.

    27 Sep 2016, 4.58 pm  |  Source: PTI

  • Two-wheeler sales expected to grow 10-12% in FY17: ICRA

    Two-wheeler sales expected to grow 10-12% in FY17: ICRA  

    Benefits from a favourable monsoon during the current year and expected healthy kharif output supporting rural cash flows are expected to be key factors leading the growth, the rating agency said in a report.

    27 Sep 2016, 4.58 pm  |  Source: PTI

  • Number of chronically stressed companies rise: Credit Suisse

    Number of chronically stressed companies rise: Credit Suisse  

    Credit Suisse's sample of 3,700 listed non-financial companies has an aggregate debt of around USD 500 billion.

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • Chinese user says new Samsung Note 7 exploded

    Chinese user says new Samsung Note 7 exploded  

    The news comes after Samsung was forced to recall 2.5 million Note 7 handsets shipped to the US, South Korea and other markets, following complaints that faulty batteries caused the phones to explode while charging.

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • Max India gets shareholders` nod for composite merger plan

    Max India gets shareholders' nod for composite merger plan  

    As per the approval of the shareholders to the composite scheme of amalgamation and arrangement, it said shareholders have approved amalgamation Max Life Insurance Company Ltd into and with Max Financial Services Ltd (the resultan...

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • UCIL workers go on indefinite strike

    UCIL workers go on indefinite strike  

    Informing about the signing of the MOU, UCIL officials said it was forwarded to the higher authorities of the concerned department and the issue was pending at concerned ministry level for approval.

    27 Sep 2016, 4.56 pm  |  Source: PTI

  • RCom-Jio `virtual merger` means sharing of spectrum assets: Pros

    RCom-Jio 'virtual merger' means sharing of spectrum assets: Pros   

    Virtual merger means sharing and trading of spectrum assets and Reliance Communications already shares and trades in these virtual assets with Reliance Jio, experts tell CNBC-TV18.

    27 Sep 2016, 4.00 pm  |  Source: CNBC-TV18

  • ONGC board vertically split on claiming gas compensation

    ONGC board vertically split on claiming gas compensation  

    The Board of ONGC is split on the issue of claiming compensation for Rs 11,000 crore worth of natural gas spewing from its KG basin block into adjoining fields of Reliance Industries.

    27 Sep 2016, 4.00 pm  |  Source: PTI

  • M&M launches Scorpio with Intelli-Hybrid system in Delhi/NCR

    M&M launches Scorpio with Intelli-Hybrid system in Delhi/NCR  

    Mahindra and Mahindra (M&M) today launched its SUV Scorpio with Intelli-Hybrid system in Delhi/NCR, at a starting price of Rs 9.35 lakh (ex-showroom).

    27 Sep 2016, 4.00 pm  |  Source: PTI

  • Nirmal Group raises Rs 500 cr from Altico Capital

    Nirmal Group raises Rs 500 cr from Altico Capital  

    Real estate developer Nirmal Group today raised Rs 500 crore from Altico Capital, a non-banking finance company (NBFC), for construction of residential projects.

    27 Sep 2016, 4.00 pm  |  Source: PTI

  • Aim to open 5 footwear stores in next 1-1.5 yrs: Arvind Group

    Aim to open 5 footwear stores in next 1-1.5 yrs: Arvind Group   

    In an interview with CNBC-TV18, Rajiv Mehta, CEO of the company said that currently the fit-out cost for the stores is coming at Rs 2,200 per sq ft and each footwear store building should cost around Rs 50-70 lakh.

    27 Sep 2016, 3.17 pm  |  Source: CNBC-TV18

  • Leading domestic hotel eye TGB Banquets: Sources

    Leading domestic hotel eye TGB Banquets: Sources   

    The buyout deal is expected to include the promoter stake as well as the hotel properties. The deal size is likely to be same as the enterprise value, which is currently at Rs 500-550 crore.

    27 Sep 2016, 3.16 pm  |  Source: CNBC-TV18

  • Jio call drops due to its under-preparedness: Airtel

    Jio call drops due to its under-preparedness: Airtel  

    Airtel said that despite the prompt and colossal effort on its part, as on date, only 2,484 E1s (interconnect ports) are live out of a total capacity of 3,048 provided, primarily due to various reasons for delay "attributable sole...

    27 Sep 2016, 3.12 pm  |  Source: PTI

  • Got tremendous response to Google For India: Rajan Anandan

    Got tremendous response to Google For India: Rajan Anandan    

    Google’s WiFi services are now present at 52 railway stations, Rajan Anandan, VP, Southeast Asia and India, Google, told CNBC-TV18. He added that Google’s Internet-enabling initiative is now present in 25,000 Indian villages a...

    27 Sep 2016, 3.08 pm  |  Source: CNBC-TV18

  • To improve margins through premiumisation: Gulf Oil Lubricants

    To improve margins through premiumisation: Gulf Oil Lubricants   

    Have seen good increase in commercial vehicles volume, says Ravi Chawla, MD of Gulf Oil Lubricants India.

    27 Sep 2016, 2.40 pm  |  Source: CNBC-TV18

  • PESB recommends Narendra Kumar`s name for NMDC chairman

    PESB recommends Narendra Kumar's name for NMDC chairman  

    According to a notification issued by PESB yesterday, it has selected Nanda, currently NMDC Director (technical), for the top post after interviewing four others, including Gopal Singh, CMD of Central Coalfields.

    27 Sep 2016, 2.08 pm  |  Source: PTI

  • Coal India buyback offer to open on October 3

    Coal India buyback offer to open on October 3  

    The state-owned company informed about the "Letter of Offer" in a BSE filing. SBI Capital Markets is the manager to the buyback offer that closes on October 18.

    27 Sep 2016, 2.04 pm  |  Source: PTI

  • Indonesia`s GO-JEK acquires Indian healthcare startup Pianta

    Indonesia's GO-JEK acquires Indian healthcare startup Pianta  

    Indonesia-based hyperlocal transport and logistics startup GO-JEK has acquired Bengaluru-based Pianta for an undisclosed amount. A marketplace for home healthcare services, Pianta, helps discover and book appointments with healthc...

    27 Sep 2016, 2.00 pm  |  Source: Moneycontrol.com

  • HUDCO raises Rs 1,300 cr via private placement of bonds

    HUDCO raises Rs 1,300 cr via private placement of bonds  

    Housing & Urban Development Corporation Ltd said in a statement that it "has raised a sum of Rs 1300 crore through private placement issue(s) of unsecured, redeemable, non-convertible bonds at lowest possible interest rates".

    27 Sep 2016, 1.58 pm  |  Source: PTI

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