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Business News

  • Confident of achieving 15% topline growth in FY17: PC Jeweller

    Confident of achieving 15% topline growth in FY17: PC Jeweller   

    Sanjeev Bhatia, CFO, PC Jeweller is confident of achieving 15% topline growth in FY17.

    29 Jun 2016, 9.12 am  |  Source: CNBC-TV18

  • L&T Infotech eyes $125-150 million from its IPO: Srcs

    L&T Infotech eyes $125-150 million from its IPO: Srcs   

    L&T Infotech IPO, which is set to open on July 11 and close on July 13, will have an offer price of around Rs 90 a share, learns CNBC-TV18.

    29 Jun 2016, 9.11 am  |  Source: CNBC-TV18

  • LeEco receives online orders for 61,000 units worth Rs 78.6 cr

    LeEco receives online orders for 61,000 units worth Rs 78.6 cr  

    The company opened sale of its two smartphones, Le 2 and Le Max 2 online and received orders for 61,000 units.

    29 Jun 2016, 8.54 am  |  Source: PTI

  • Union Bank to raise Rs 3,200 cr from share sale

    Union Bank to raise Rs 3,200 cr from share sale  

    FPO or Follow-on Public Offer refers to issuance of shares to all types of public shareholders, while rights issue involves issuance to existing investors. In QIP, placement of shares happens with the qualified institutional inves...

    29 Jun 2016, 8.54 am  |  Source: PTI

  • IL&FS Transport hikes stake in Noida Toll Bridge to 26.37%

    IL&FS Transport hikes stake in Noida Toll Bridge to 26.37%  

    "In order to consolidate investments in road assets, Infrastructure Leasing and Financial Services Ltd, promoter has today transferred its equity stake held in NTBCL comprising 19,00,000 equity shares of Rs 10 each representing 1....

    29 Jun 2016, 8.52 am  |  Source: PTI

  • Bosch to consider share buyback

    Bosch to consider share buyback  

    A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company's equity shares, Bosch Ltd said in a regulatory filing.

    29 Jun 2016, 8.52 am  |  Source: PTI

  • PNB cuts fixed deposit rates by up to 0.25%

    PNB cuts fixed deposit rates by up to 0.25%  

    The bank has reduced interest rates on retail term deposits by 0.05-0.25 percent in maturity bucket of 1 year and above, PNB said in a statement.

    29 Jun 2016, 8.36 am  |  Source: PTI

  • Strides Shasun gets shareholders nod for UK unit`s divestment

    Strides Shasun gets shareholders nod for UK unit's divestment  

    In the postal ballot conducted by the company, 43.77 percent of all eligible share holders (other than the promoters) voted on the resolution of divestment of Shasun Pharma Solutions Ltd (CRAMS business), Strides Shasun said in a ...

    29 Jun 2016, 8.14 am  |  Source: PTI

  • SAIF Partners invests $1 mn in YourDOST

    SAIF Partners invests $1 mn in YourDOST  

    "SAIF Partners has invested USD 1 million into the Bengaluru-based venture which offers online counselling and emotional wellness support to users to bolster their mental health," Saif Partner said in a statement.

    29 Jun 2016, 7.56 am  |  Source: PTI

  • Rahul Bajaj still in top gear, says no plan to retire

    Rahul Bajaj still in top gear, says no plan to retire  

    Bajaj Auto chairman's assertion comes amid what can be termed as a season of retirements in India Inc that has seen prolific leaders like ITC boss Y C Deveshwar announcing plans of hanging up their boots.

    29 Jun 2016, 6.48 am  |  Source: PTI

  • Global markets the next frontier for Indian unicorns

    Global markets the next frontier for Indian unicorns  

    The Indian startup scene has exploded in the past few years, what with plenty of billion dollar homegrown companies coming to the fore, but the next challenge they face is a steep one: cracking global markets.

    28 Jun 2016, 11.22 pm  |  Source: Moneycontrol.com

  • Kotak Mahindra to launch account opening via tablets

    Kotak Mahindra to launch account opening via tablets  

    Private sector lender Kotak Mahindra Bank will soon introduce account opening process through computer tablet, a senior bank official announced on June 28

    28 Jun 2016, 10.46 pm  |  Source: PTI

  • Airtel moves customer data on an open source platform

    Airtel moves customer data on an open source platform  

    Telecom major Bharti Airtel on June 28 said it has selected IT data management and analytics company Cloudera to move its customer data on the latter's platform

    28 Jun 2016, 10.18 pm  |  Source: PTI

  • Premji to donate more to philanthropic causes

    Premji to donate more to philanthropic causes  

    Wipro chairman Azim Premji on June 28 said he will donate more to philanthropic causes than the 39 percent of wealth he has already donated as he exhorted business leaders to play a more important role in society's development

    28 Jun 2016, 10.18 pm  |  Source: PTI

  • Infosys founders: How India`s first great startup made it big

    Infosys founders: How India's first great startup made it big   

    A strong sense of entrepreneurship, values grounded in humility, honesty and fairness, and an intense focus on creating value rather than wealth were behind the creation of the India's first great startup, Infosys Technologies.

    28 Jun 2016, 9.52 pm  |  Source: Moneycontrol.com

  • SBI to divest non-core assets to rake in Rs 3,000 cr

    SBI to divest non-core assets to rake in Rs 3,000 cr  

    Faced with rising bad assets, banking major SBI will divest non-core investments of around Rs 3,000 crore to shore up its capital

    28 Jun 2016, 9.20 pm  |  Source: PTI

  • Focus on MF investor awareness & protection, says RBI report

    Focus on MF investor awareness & protection, says RBI report  

    Welcoming the progress made by mutual fund players to extend their reach beyond the top 15 cities, the Reserve Bank on June 28 said there is a need for more work on this aspect and on investor awareness

    28 Jun 2016, 9.20 pm  |  Source: PTI

  • JSW seeks shareholders` nod to raise Rs 12,500 cr in FY17

    JSW seeks shareholders' nod to raise Rs 12,500 cr in FY17  

    JSW Energy has sought shareholders approval to raise Rs 12,500 crore through issuance of securities, equity shares and other instruments, the company said on June 28

    28 Jun 2016, 7.44 pm  |  Source: PTI

  • Reconsider giving 12 Assam oilfields to pvt cos:Cong to Centre

    Reconsider giving 12 Assam oilfields to pvt cos:Cong to Centre  

    The Assam Congress asked Chief Minister Sarbananda Sonowal to appeal to the Centre to reconsider its decision to hand over marginal and small oilfields to private firms who may "exploit people and the region for their own interest...

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Motilal Oswal Financial to raise Rs 1,000 crore

    Motilal Oswal Financial to raise Rs 1,000 crore  

    Motilal Oswal Financial Services will seek shareholders' approval to raise the capital at its annual general meeting to be held on July 21.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • India PC shipments decline 7.4% in Q1: Gartner

    India PC shipments decline 7.4% in Q1: Gartner  

    PC shipments in India totalled nearly 2 million units in the first quarter of 2016, a 7.4 per cent decrease over the first quarter of 2015, it said.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Corporate sector risks moderated in fiscal 2016: FSR

    Corporate sector risks moderated in fiscal 2016: FSR  

    "The proportion of 'leveraged' companies declined sharply from 19 per cent in March 2015 to 14 per cent in March 2016," Reserve Bank said in its Financial Stability Report (FSR), brought out on behalf of the Financial Stability an...

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Canara Bank to seek shareholders nod to raise Rs 2,000cr

    Canara Bank to seek shareholders nod to raise Rs 2,000cr  

    The bank seeks to raise the capital by allotting equity shares/preference shares/securities by way of follow on public issue, rights issue and/or on a private placement basis, Canara Bank said in a filing to BSE.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Trent plans to raise upto Rs 300 cr via NCDs

    Trent plans to raise upto Rs 300 cr via NCDs  

    It further said the Board of Directors has also approved the sub-division of equity shares of the company having a face value of Rs 10 per share into equity shares having a face value of Rs 1 each.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • NHPC to invest Rs 3,000 crore on solar, wind projects

    NHPC to invest Rs 3,000 crore on solar, wind projects  

    NHPC had in 2014 signed a pact with the Kerala government to develop wind projects in the state. Last year, the company had also approved setting up of a 50 MW wind project in Rajasthan.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • 4 NBFCs surrender licenses; RBI cancels of two others

    4 NBFCs surrender licenses; RBI cancels of two others  

    RBI on June 28 said four non-banking financial companies have surrendered their registration certificates following which they would not transact any financial business

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Will need to wait and watch how Brexit unfolds: Kumar Birla

    Will need to wait and watch how Brexit unfolds: Kumar Birla  

    In an interview with CNBC-TV18, Kumar Mangalam Birla, Chairman of Aditya Birla Group, talked about the impact Brexit may have on the global economy and how he sees reforms that the NDA government has undertaken.

    28 Jun 2016, 5.12 pm  |  Source: CNBC-TV18

  • Rolls-Royce says `remains committed` to Britain

    Rolls-Royce says 'remains committed' to Britain  

    Engine maker Rolls-Royce said on June 28 it was still committed to Britain after the shock EU exit vote, but that the long-term impact would depend on future relations with the rest of the world

    28 Jun 2016, 5.02 pm  |  Source: PTI

  • OCL India to merge Dalmia Cement East with itself

    OCL India to merge Dalmia Cement East with itself  

    OCL India, a subsidiary of Dalmia Cement Bharat, has approached authorities to merge Dalmia Cement East with itself for consolidating operations in the eastern part of the country

    28 Jun 2016, 5.02 pm  |  Source: PTI

  • Has Ola become uber cool with more Indian offerings?

    Has Ola become uber cool with more Indian offerings?  

    While both Uber and Ola have been at each other's throats, the Indian cab aggregator's latest offerings show how it has thought more 'Indian' and customised its services.

    28 Jun 2016, 3.35 pm  |  Source: Moneycontrol.com

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