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Budget 2017

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Business News

  • Bajaj plans to take collaboration with KTM to greater heights

    Bajaj plans to take collaboration with KTM to greater heights  

    “Stefan was here yesterday and we spent the whole day together discussing what has to be done in the next ten years”, said Bajaj on the sidelines of a KTM bike launch event in Pune.

    19 Jan 2017, 4.01 pm  |  Source: Moneycontrol.com

  • Tata Motors launches HEXA in Bengaluru

    Tata Motors launches HEXA in Bengaluru  

    Based on a new versatile platform - the HEXA is a complete vehicle package, with a combination of design, luxury, off-road and on-road capabilities, boasting modern and exciting architecture, plush interiors and next-generation co...

    19 Jan 2017, 4.00 pm  |  Source: PTI

  • HDFC Bank to train 25,000 people in cashless transactions

    HDFC Bank to train 25,000 people in cashless transactions  

    Jaisinghani informed that at present there are 130 branches of HDFC Bank in the State and 50 per cent of them are in semi urban and rural areas.

    19 Jan 2017, 4.00 pm  |  Source: PTI

  • Lloyd`s gets final approval from IRDAI to open branch in India

    Lloyd's gets final approval from IRDAI to open branch in India  

    Lloyd's plans to open a reinsurance branch in the country, in time for the April major reinsurance renewals, following final regulatory (R3 or final) approval from the Insurance Regulatory Development Authority of India (IRDAI), a...

    19 Jan 2017, 4.00 pm  |  Source: PTI

  • MEP bags 4-laning contract from NHAI in Nagpur

    MEP bags 4-laning contract from NHAI in Nagpur  

    The company has received a letter of appointment from NHAI for the contract which stretches from Fetri village to Dhargaon (Package II) with a total length of 28.05 km, MEP said in a statement issued here.

    19 Jan 2017, 4.00 pm  |  Source: PTI

  • Dimond Power Infra to convert Rs 855 cr debt into equity

    Dimond Power Infra to convert Rs 855 cr debt into equity  

    As per the pricing formula under strategic debt restructuring (SDR) guidelines of RBI, the price per share will be Rs 41.28 per scrip, considering the cut-off date as on June 29, 2016, a BSE filing said.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • UCWeb to invest Rs 200 cr in India, Indonesia over 2 years

    UCWeb to invest Rs 200 cr in India, Indonesia over 2 years  

    According to a recent UC News study, India has 371 million mobile internet users with minuscule contribution from self publishers compared to 600 million mobile internet users in China with 20 million online content creators.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • Aspire Home Finance eyes 6,000 customers in Tamil Nadu

    Aspire Home Finance eyes 6,000 customers in Tamil Nadu  

    Aspire Home Finance Corporation Limited (AHFCL) is a subsidiary of Motilal Oswal Securities Limited (MOSL) and the first office was inaugurated here as part of commencing its operations in the region.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • HDFC lowers lending rate by 0.15% for existing customers

    HDFC lowers lending rate by 0.15% for existing customers  

    The company reduced its Retail Prime Lending Rate (RPLR) by 0.15 percent effective today, HDFC Ltd said in a statement.

    19 Jan 2017, 3.38 pm  |  Source: PTI

  • Customers willing to pay but with a time lag: Ujjivan Financial

    Customers willing to pay but with a time lag: Ujjivan Financial   

    Speaking to CNBC-TV18, Sudha Suresh, CFO of Ujjivan said that monthly collections have picked up strongly in January and there has been an encouraging trend in terms of repayment as customers are willing to repay but with a time l...

    19 Jan 2017, 3.37 pm  |  Source: CNBC-TV18

  • AI to displace jobs; a company needs to be agile: Sikka

    AI to displace jobs; a company needs to be agile: Sikka  

    He feels comfortable by the way Infosys is positioned for the future. But he still feels the biggest challenge for the company is that of innovation. He said alot of jobs will be displaced by artificial intelligence.

    19 Jan 2017, 3.05 pm  |  Source: CNBC-TV18

  • See full year credit growth to be at 20-25%: Federal Bank

    See full year credit growth to be at 20-25%: Federal Bank   

    Speaking to CNBC-TV18 Shyam Srinivasan, Managing Director & Chief Executive Officer, Federal Bank said that the quarter was a good quarter in which they saw 32 percent credit growth on a year on year basis.

    19 Jan 2017, 2.57 pm  |  Source: CNBC-TV18

  • ICRA upgrades long term rating on Patanjali Ayurved

    ICRA upgrades long term rating on Patanjali Ayurved  

    "ICRA has upgraded the long term rating of Patanjali Ayurved Ltd from A minus to A plus for Rs 300-crore fund based facilities. The outlook on the long-term rating is Stable," ICRA said.

    19 Jan 2017, 2.32 pm  |  Source: PTI

  • FDA nod for anti-migraine drug to lift US revenues: Panacea

    FDA nod for anti-migraine drug to lift US revenues: Panacea   

    The company Wednesday received the US Food and Drug Administration (USFDA) approval for an anti-migraine drug for which it had filed the Abbreviated New Drug Application (ANDA) in 2012.

    19 Jan 2017, 2.03 pm  |  Source: CNBC-TV18

  • JNPT investing Rs 3,000 cr on road connectivity project: Govt

    JNPT investing Rs 3,000 cr on road connectivity project: Govt  

    They are just in the process of finalising Rs 2,000 crore (for) dredging project and they are investing about Rs 1,000 crore within the port for improving both the rail and road network." He also said that operationalisation of th...

    19 Jan 2017, 1.56 pm  |  Source: PTI

  • Great Eastern Shipping raises Rs 500 cr via NCDs

    Great Eastern Shipping raises Rs 500 cr via NCDs  

    "The Debenture Issue Committee has...allotted 7.99 percent 5,000 unsecured non-convertible debentures of face value of Rs 10 lakh each aggregating to Rs 500 crore in two tranches of Rs 250 crore, each," Great Eastern Shipping said...

    19 Jan 2017, 1.22 pm  |  Source: PTI

  • Peru and India plan to start free trade talks this quarter

    Peru and India plan to start free trade talks this quarter  

    The Cabinet of Indian Prime Minister Narendra Modi approved a feasibility study on the proposed deal on Wednesday, clearing the way for the start of formal talks, Peru's Trade Ministry said in a statement.

    19 Jan 2017, 12.48 pm  |  Source: Reuters

  • Decent Q3 show from Hester Biosciences despite drop in exports

    Decent Q3 show from Hester Biosciences despite drop in exports   

    Speaking to CNBC-TV18, Rajiv Gandhi, Chief Executive Officer and Managing Director of Hester Biosciences, said good sales of large animal vaccines and health products had helped the company achieve a net profit of 22 percent YoY.

    19 Jan 2017, 12.24 pm  |  Source: CNBC-TV18

  • Automotive, IoT among key future growth drivers: KPIT Tech

    Automotive, IoT among key future growth drivers: KPIT Tech   

    Third quarter dollar revenue of the Pune based IT consulting and product engineering firm KPIT Technologies declined 0.5 percent.

    19 Jan 2017, 12.14 pm  |  Source: CNBC-TV18

  • DRT allows banks to recover Rs 6,203 cr from Vijay Mallya

    DRT allows banks to recover Rs 6,203 cr from Vijay Mallya   

    In a setback to Vijay Mallya, the Debt Recovery Tribunal (DRT) Thursday allowed SBI-led consortium to petition against the liquor baron. The tribunal has ordered payment of Rs 6,203 crore.

    19 Jan 2017, 12.10 pm  |  Source: CNBC-TV18

  • Recovery of note ban-induced slippages to take time: Muthoot Cap

    Recovery of note ban-induced slippages to take time: Muthoot Cap   

    Muthoot Capital Services has been able to maintain disbursement growth rate despite demonetisation impact, according to Chief Executive R Manomohanan. The two-wheeler finance company reported a 6 percent growth (YoY) in net profit...

    19 Jan 2017, 11.59 am  |  Source: CNBC-TV18

  • Pradhan Mantri Fasal Bima Yojana helped GIC Re double its growth

    Pradhan Mantri Fasal Bima Yojana helped GIC Re double its growth  

    The reinsurer which is among the five public sector insurers that have received Cabinet nod for listing, saw business growth touch 90 percent for H1 of FY17.

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

  • JSW Steel, Blackstone in talks to buy stake in Monnet Ispat

    JSW Steel, Blackstone in talks to buy stake in Monnet Ispat  

    Lenders of Monnet Ispat are again in the process of selling majority stake and this time Sajjan Jindal's JSW Steel, Sudhir Maheshwari-led Synergy Capital and global private equity fund Blackstone are in the race for equity in the ...

    19 Jan 2017, 9.38 am  |  Source: Moneycontrol.com

  • India to consider Apple`s proposal of mfg units with open mind

    India to consider Apple's proposal of mfg units with open mind  

    Apple has sought incentives to set up unit in the country. A team of the company will give a presentation on jan 25 to senior officials here.

    19 Jan 2017, 9.10 am  |  Source: PTI

  • Suzuki Motorcycle to export made in India Gixxer to Japan

    Suzuki Motorcycle to export made in India Gixxer to Japan  

    It is for the first time that a model manufactured by Suzuki Motorcycle India Pvt Ltd (SMIPL) is being exported to Japan where its parent company Suzuki Motor Corporation (SMC) is based.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Equity funds add over 43 lakh investor accounts in 2016

    Equity funds add over 43 lakh investor accounts in 2016  

    Investor accounts have been increasing on account of robust contribution from smaller towns.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Kotak Mahindra AMC looks at increasing market share

    Kotak Mahindra AMC looks at increasing market share  

    As of now, the company's total assets under management stands at Rs 87,000 crore in mutual fund and Rs 1,400 crore in portfolio management services in addition to it.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Starbucks launches Teavana speciality teas

    Starbucks launches Teavana speciality teas  

    Last year, Starbucks Chairman and CEO Howard Schultz described India as a "major business opportunity" during his visit here and announced the introduction of speciality teas in the country in 2017.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Droom expects Rs 75 cr revenue in FY`17

    Droom expects Rs 75 cr revenue in FY'17  

    Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a statement.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Mobme looking to raise up to Rs 130 crore

    Mobme looking to raise up to Rs 130 crore  

    Kalyanasundaram said the company is cash-positive right now and delivering profits every year, but it needs to do the investments keeping in mind the requirements of the future.

    19 Jan 2017, 9.08 am  |  Source: PTI

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