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  • Mitsubishi to recall 7,725 vehicles in China

    Mitsubishi to recall 7,725 vehicles in China  

    Japanese auto giant Mitsubishi Motors will recall 7,725 imported Pajero vehicles in China due to a potential safety hazard in the air bag system, according to the country's consumer quality watchdog.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • Syndicate Bank plans to raise Rs 4,300 cr

    Syndicate Bank plans to raise Rs 4,300 cr  

    Giving details of its annual general meeting, the bank further said it has also plans to raise Basel-III complaint additional tier-I bonds up to Rs 1,000 crore and tier-II bonds up to Rs 1,600 crore.

    01 Jul 2016, 10.34 pm  |  Source: PTI

  • Centre should go for appeal against HC order on Sun TV: Swamy

    Centre should go for appeal against HC order on Sun TV: Swamy  

    BJP MP Subramanian Swamy has written to Union Home Minister Rajnath Singh making a case for Centre going in for an appeal against the Madras High Court judgement allowing Sun TV network of Maran brothers to participate in private...

    01 Jul 2016, 10.34 pm  |  Source: PTI

  • Jaypee-UltraTech cement sale in limbo as banks invoke SDR

    Jaypee-UltraTech cement sale in limbo as banks invoke SDR  

    With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group earlier this week, sale of its cement business to UltraTech for Rs 15,900 crore has come under a cloud.

    01 Jul 2016, 9.56 pm  |  Source: PTI

  • Vistara to extend its operations from Kolkata

    Vistara to extend its operations from Kolkata  

    The Tata-Singapore joint venture airline Vistara will soon extend its daily flight services from Kolkata, touching some new destinations.

    01 Jul 2016, 9.56 pm  |  Source: PTI

  • SBI sells 5% in NSE, says will continue to divest noncore assets

    SBI sells 5% in NSE, says will continue to divest noncore assets   

    In an interview with CNBC-TV18, Rajnish Kumar, MD, SBI, talked about the bank's decision to sell stake in NSE and what it will do with the funds raised.

    01 Jul 2016, 9.44 pm  |  Source: CNBC-TV18

  • HMSI sales rise 22% to 4,27,384 units in June

    HMSI sales rise 22% to 4,27,384 units in June  

    Honda Motorcycle & Scooter India (HMSI) today reported 22.52 per cent increase in total sales at 4,27,384 units in June.

    01 Jul 2016, 9.32 pm  |  Source: PTI

  • Telcos question TRAI`s rationale behind `Free Data` paper

    Telcos question TRAI's rationale behind 'Free Data' paper  

    The Telecom Regulator Trai’s latest consultation on Free Data has drawn flak from not only India’s top Telecom Operators but also from supporters of the controversial ‘Net Neutrality’ regulation in the country.

    01 Jul 2016, 9.32 pm  |  Source: CNBC-TV18

  • SBI to absorb corporate branches of associates post merger

    SBI to absorb corporate branches of associates post merger  

    SBI on July 1 said the corporate branches of its five associate banks will "fold up" into the parent bank as part of network rationalisation after their merger.

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Jubilant Agri & Consumer Products discontinues SSP production

    Jubilant Agri & Consumer Products discontinues SSP production  

    Jubilant Industries on July 1 said its subsidiary has decided to temporarily discontinue manufacturing of single super phosphate with immediate effect, due to unfavorable market conditions

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Alstom T&D seeks shareholders` nod to change company`s name

    Alstom T&D seeks shareholders' nod to change company's name  

    Alstom T&D India has sought shareholders' approval to change the name of the company to GE T&D India after the takeover of the company by US giant GE

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Now, shop from Flipkart with SBI EMIs

    Now, shop from Flipkart with SBI EMIs  

    State Bank of India tied up with online shopping major Flipkart to offer consumer durables purchase on EMIs to its account holders

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Spotify hits out at Apple after updated app for iPhones rejected

    Spotify hits out at Apple after updated app for iPhones rejected  

    Spotify confirmed on Friday that it has complained to Apple Inc after the U.S. tech giant rejected an updated app for the Swedish music streaming service on iPhones

    01 Jul 2016, 8.44 pm  |  Source: Reuters

  • Trafigura in talks to buy stake in Essar Oil: Bloomberg

    Trafigura in talks to buy stake in Essar Oil: Bloomberg  

    Commodities trader Trafigura Group Pte is in talks to buy a minority stake in Essar Oil Ltd, which runs India's second biggest private sector refinery, in a deal that could be valued at around USD6.5 billion, Bloomberg reported.

    01 Jul 2016, 8.34 pm  |  Source: Reuters

  • SBI to offer banking services on Facebook, Twitter

    SBI to offer banking services on Facebook, Twitter  

    "Using SBI Mingle, the bank's customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience," the bank said in a press release.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Volkswagen India sales dip marginally to 4,022 units in June

    Volkswagen India sales dip marginally to 4,022 units in June  

    The brand has registered a steady sales performance on the back of successful launches of special edition models like Polo Select and Vento Celeste and a consistent performance of the marquee products like Polo, Vento, Jetta and B...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr

    SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr  

    The bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs 4,050 per unit to Veracity Investments totalling Rs 911.25 crore, SBI said in a regulatory filing.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • 3% mobile app users in India spend money on in-app purchases

    3% mobile app users in India spend money on in-app purchases  

    The report - based on In-app Purchase (IAP) behaviors of more than 100 million mobile app users across over 1,000 apps - found that, overall, Asian users spend 40 per cent more on in-app purchases than the rest of the world when t...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Strike against merger of SBI associate banks from July 12

    Strike against merger of SBI associate banks from July 12  

    Opposing the merger decision, nearly 45,000 employees in the Associate Banks, with 6,700 branches and 9,000 ATMS, will go on strike on July 12 and 13, since the merger will hit the customers and the business badly, SSBEA General S...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Adani plans $1.5 bn copper smelter to boost solar ambitions

    Adani plans $1.5 bn copper smelter to boost solar ambitions  

    Adani Enterprises plans to build a copper smelter with an eye to furthering its ambitions in the solar sector, said a source familiar with the plan

    01 Jul 2016, 7.35 pm  |  Source: Reuters

  • Tata Motors sales up 8% at 44,276 units in June

    Tata Motors sales up 8% at 44,276 units in June  

    Tata Motors reported 8 percent growth in sales at 44,276 units in June.

    01 Jul 2016, 7.08 pm  |  Source: PTI

  • RBI official asks rating agency to be more transparent

    RBI official asks rating agency to be more transparent  

    Rating agencies need to be more transparent in disclosures on stressed companies and assets so that both the lenders as well as asset reconstruction companies can arrive at the right valuation, a senior Reserve Bank official said ...

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • Honda Cars sales plunge 37.93% to 11,407 units in June

    Honda Cars sales plunge 37.93% to 11,407 units in June  

    Honda Cars India Ltd reported a 37.93 percent decline in its domestic sales at 11,407 units in June

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • RIL, SBI sign shareholder agreement for payments bank JV

    RIL, SBI sign shareholder agreement for payments bank JV   

    The primary aim of the payments bank will to digitise payments and promote savings, where RIL will hold 70 percent of the total equity and SBI will have the remaining 30 percent.

    01 Jul 2016, 6.27 pm  |  Source: PTI

  • Tanishq sales rise in Q1 on wedding season demand: Titan

    Tanishq sales rise in Q1 on wedding season demand: Titan  

    May started off well with Akshaya Tritiya weekend bringing in some sales growth for Tanishq, Titan said in its quarterly update to exchange BSE.

    01 Jul 2016, 6.20 pm  |  Source: PTI

  • Equitas gets final RBI nod to start small finance bank

    Equitas gets final RBI nod to start small finance bank  

    Equitas Holdings Ltd on July 1 said it has received final licence from Reserve Bank to launch a Small Finance Bank (SFB) and will commence operations in few months with a network of around 400 branches

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Ford India sales surge twofold to 19,754 units in June

    Ford India sales surge twofold to 19,754 units in June  

    Ford India on July 1 reported over twofold rise in total sales at 19,754 units in June.

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Biocon bets on biosimilars for global ascendancy

    Biocon bets on biosimilars for global ascendancy  

    Biotechnology major Biocon is banking on four advanced programmes aimed at treating cancer, diabetes and psoriasis to emerge as a leading global player in the field of biosimilars, Biocon Chairperson Kiran Mazumdar-Shaw has sa...

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • JPMorgan Chase & Co gets RBI approval to open 3 new branches

    JPMorgan Chase & Co gets RBI approval to open 3 new branches  

    JPMorgan Chase & Co on July 1 said it has received Reserve Bank's approval to open three more branches in the country

    01 Jul 2016, 6.02 pm  |  Source: PTI

  • Equitas gets small bank licence, prepared for yield stress

    Equitas gets small bank licence, prepared for yield stress   

    In an interview with CNBC-TV18, HKN Raghavan, CEO of Equitas said that the company is adequately prepared to address the pressure on yields and it still needs to apply for 3-4 licenses before the complete rollout of the bank, whic...

    01 Jul 2016, 5.31 pm  |  Source: CNBC-TV18

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