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Business News

  • GMR Energy offloads stake to Adani Transmission for Rs 100 cr

    GMR Energy offloads stake to Adani Transmission for Rs 100 cr  

    "GMR Energy (GEL), a subsidiary of GMR Infrastructure (GIL), has entered into definitive agreements with Adani Transmission (ATL) wherein GEL has agreed to transfer the interest in its transmission projects - Maru Transmission Ser...

    01 Jul 2016, 12.20 pm  |  Source: PTI

  • World Bank`s $1-bn loan a boost to solar space: Ujaas Energy

    World Bank's $1-bn loan a boost to solar space: Ujaas Energy   

    For the first time, funds of this scale have been assigned to the solar sector in any country, said Anurag Mundra, Joint Managing Director and Chief Financial Officer of Ujaas Energy.

    01 Jul 2016, 11.15 am  |  Source: CNBC-TV18

  • IOC hopes to be rid of inventory loss, sees better margins

    IOC hopes to be rid of inventory loss, sees better margins   

    IOC Chairman B Ashok hopes the gross refining margins to be better, but refrains from putting a number ahead of the quarterly results. In the quarter gone by, the GRM was at USD 3 per barrel.

    01 Jul 2016, 10.50 am  |  Source: CNBC-TV18

  • Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%

    Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%  

    "The growth in quarterly sales is despite the disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company," says Maruti in its filing.

    01 Jul 2016, 10.26 am  |  Source: Moneycontrol.com

  • Zuari Agro to pass on gains from input costs to farmers

    Zuari Agro to pass on gains from input costs to farmers   

    Even after passing on the benefit of lower input costs, Zuari Agro Chemicals MD & Group CEO Kapil Mehan expects improvement in margins due to better demand and working capital cost management.

    01 Jul 2016, 9.23 am  |  Source: CNBC-TV18

  • Yamaha to recall 902 units of YZF-R3 in India to fix clutch

    Yamaha to recall 902 units of YZF-R3 in India to fix clutch  

    "The parent company Yamaha Motor Co, Japan, has determined that a defect, which relates to clutch pressure plate and oil pump malfunction, exists in few YZF-R3 motorcycles falling within certain production numbers," India Yamaha M...

    01 Jul 2016, 9.08 am  |  Source: PTI

  • MSI inks pact with Andhra for driving training institute

    MSI inks pact with Andhra for driving training institute  

    The company has signed a Memorandum of Understanding (MoU) with the state government to establish and manage Institute of Driving Training and Traffic Research (IDTR) at Venkatachalam village in Darsi in Prakasham district, MSI sa...

    01 Jul 2016, 9.08 am  |  Source: PTI

  • Capital raising to aid loan book growth in FY17: Satin Credit

    Capital raising to aid loan book growth in FY17: Satin Credit   

    Company plans to grow the loan book in FY17 to around Rs 5000 crore from the current Rs 3270 crore, said HP Singh, CMD, Satin Credit.

    01 Jul 2016, 9.02 am  |  Source: CNBC-TV18

  • Jet Airways gets time till December 30 to hold AGM

    Jet Airways gets time till December 30 to hold AGM  

    The airline, which would present the financial statements at the AGM, said that the final hearing of the scheme of merger of JetLite with itself is listed at the Bombay High Court for July 22.

    01 Jul 2016, 9.00 am  |  Source: PTI

  • CCI rejects complaint against Kanoria Chemicals

    CCI rejects complaint against Kanoria Chemicals  

    Penta (Pentaerythritol) is a basic organic chemical used for a variety of purposes including in manufacturing of alkyd resin, rosin esters and printing inks.

    01 Jul 2016, 9.00 am  |  Source: PTI

  • PESB recommends S K Gupta for HIL CMD

    PESB recommends S K Gupta for HIL CMD  

    Subsequently, the company diversified into agro pesticides to meet the requirements of agriculture sector. The firm has grown manifold with a turnover of about Rs 340 crore in the last financial year.

    01 Jul 2016, 9.00 am  |  Source: PTI

  • `India`s $4 smartphone rings alarm bell on workers` conditions`

    'India's $4 smartphone rings alarm bell on workers' conditions'  

    Ringing Bells' Freedom 251 smartphone, whose launch in February crashed the company's website, is priced at Rs 251 - possibly the cheapest Android smartphone in the world.

    01 Jul 2016, 8.47 am  |  Source: Reuters

  • Satin Creditcare gets nod to hike foreign shareholding to 49%

    Satin Creditcare gets nod to hike foreign shareholding to 49%  

    "The board of directors in their meeting held on June 30, has considered and approved to increase in limit of investment by foreign portfolio investors in the equity shares of the company from 24 percent to 49 percent of the paid-...

    01 Jul 2016, 7.08 am  |  Source: PTI

  • Capgemini sets up waste management centre in Bengaluru

    Capgemini sets up waste management centre in Bengaluru  

    This is the first such centre in Whitefield and the third in the city, the company said, adding, it is expected reach out to about 4000 households (approx. 20,000 people) in the area and also cater to about 10-15 bulk waste genera...

    01 Jul 2016, 7.08 am  |  Source: PTI

  • Adani Transmission raises Rs 1,000 crore via NCDs

    Adani Transmission raises Rs 1,000 crore via NCDs  

    "The company has raised Rs 1,000 crores on June 30, 2016, by allotment of 10,000 rated, listed, taxable, secured, redeemable, non-convertible debentures of the face value of Rs 10,00,000 each issued under two separately transferab...

    01 Jul 2016, 7.08 am  |  Source: PTI

  • Toyota Kirloskar Motor sales surge 29% to 13,502 units in June

    Toyota Kirloskar Motor sales surge 29% to 13,502 units in June  

    Toyota Kirloskar Motor today reported 29 per cent rise in domestic sales to 13,502 units in June.

    30 Jun 2016, 10.24 pm  |  Source: PTI

  • Jet Airways in talks with banks for $180 million loan: Sources

    Jet Airways in talks with banks for $180 million loan: Sources  

    Jet Airways, India's second-biggest airline by passengers, is talking to lenders about raising up to USD180 million through a loan, banking sources said on Thursday.

    30 Jun 2016, 10.07 pm  |  Source: Reuters

  • Essar eyes sale of Gujarat refinery: Sources

    Essar eyes sale of Gujarat refinery: Sources  

    Essar Group is exploring the sale of its 405,000 barrel-per-day oil refinery in Gujarat, as the conglomerate seeks funds to reduce its debt, two sources familiar with the matter said.

    30 Jun 2016, 10.07 pm  |  Source: Reuters

  • Strides Bangalore plant completes successful USFDA inspection

    Strides Bangalore plant completes successful USFDA inspection  

    Drug firm Strides Shasun's oral dosage facility in Bangalore has had successful inspection by the US health regulator with no adverse observations made

    30 Jun 2016, 9.34 pm  |  Source: PTI

  • CCI probes ABB India for unfair business ways

    CCI probes ABB India for unfair business ways  

    Fair trade regulator CCI has ordered a detailed investigation against ABB India for alleged abuse of dominance after finding the engineering major has prima-facie violated competition norms

    30 Jun 2016, 9.34 pm  |  Source: PTI

  • KPIT expects flattish revenue in Q2 as changes hit ERP biz

    KPIT expects flattish revenue in Q2 as changes hit ERP biz  

    IT firm KPIT Technologies said that its revenue and profits may be flat in the second quarter, compared to first quarter of current fiscal, as ERP implementations revenue has been hit beyond anticipation

    30 Jun 2016, 9.34 pm  |  Source: PTI

  • Don`t need exemption from sourcing norm: Xiaomi

    Don't need exemption from sourcing norm: Xiaomi  

    Xiaomi, in April this year, had approached the Department of Industrial Policy and Promotion (DIPP) for opening single brand retail stores in India.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • NTPC power generation up 10% at 64.6 BUs in Q1

    NTPC power generation up 10% at 64.6 BUs in Q1  

    "Company recorded 10 per cent increase in power generation in the first quarter of FY17 in comparison to the same period last year with an increase in generation from 58.70 BUs to 64.6 BUs," the company said in a press release.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • Ola hits out at Uber for fanning `debate of nationalism`

    Ola hits out at Uber for fanning 'debate of nationalism'  

    As the fight for market share took nationalist overtones, Indian ride-hailing startup Ola today hit out at its San Francisco-based rival Uber for fanning the nationalism debate to hide its identity of being a multinational with "s...

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • Retail inflation for industrial workers jumps to 6.59% in May

    Retail inflation for industrial workers jumps to 6.59% in May  

    Retail inflation for industrial workers rose to 6.59 percent in May from 5.86 percent in the previous month on account of increase in price of food items.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • Indiabulls Housing Finance raises Rs 765 cr via bonds

    Indiabulls Housing Finance raises Rs 765 cr via bonds  

    Indiabulls Housing Finance today said it has raised Rs 765 crore through issuance of bonds on a private placement basis.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • US regulators probe SoftBank over misconduct claims: report

    US regulators probe SoftBank over misconduct claims: report  

    The US market regulator is examining Japanese mobile giant SoftBank over misconduct allegations lodged against its former president Nikesh Arora, who quit last week, a report said on June 30

    30 Jun 2016, 8.08 pm  |  Source: PTI

  • Godrej Properties makes first investment from USD 275mn fund

    Godrej Properties makes first investment from USD 275mn fund  

    Godrej Properties on June 30 said its USD 275 million realty fund has made first investment by acquiring 80 percent stake in a housing project in Mumbai

    30 Jun 2016, 8.08 pm  |  Source: PTI

  • InterGlobe Aviation`s paid-up share capital goes up

    InterGlobe Aviation's paid-up share capital goes up  

    InterGlobe Aviation, parent of low cost airline IndiGo, on June 30 said its paid-up share capital has increased after allotment of shares under the employees stock option scheme

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Tata Group`s Tinplate to focus on domestic business

    Tata Group's Tinplate to focus on domestic business  

    Tata Group owned Tinplate Company of India (TCIL) has said it will focus on the domestic market

    30 Jun 2016, 6.46 pm  |  Source: PTI

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