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Budget 2017

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Business News

  • BHEL bags Rs 1,360-cr order to set up 6,000 MW power project

    BHEL bags Rs 1,360-cr order to set up 6,000 MW power project  

    State-run power equipment maker BHEL, in association with ABB, has bagged a project worth Rs 1,360 crore from Power Grid Corp.

    24 Jan 2017, 4.48 pm  |  Source: PTI

  • Elecon Engineering elevates JS Patel as CEO of MHE Division

    Elecon Engineering elevates JS Patel as CEO of MHE Division  

    Patel started his career with Elecon Group from 1977 to 1997 as Junior Engineer and rose up to the level of Head of construction and re-joined the group in 2008 as Vice President construction and projects, the company said in a st...

    24 Jan 2017, 4.18 pm  |  Source: PTI

  • ENIL raises Rs 121.8 cr via Commercial Papers

    ENIL raises Rs 121.8 cr via Commercial Papers  

    "The company has on January 24, 2017 issued unsecured Commercial Papers (CPs). The amount raised through issuance of Commercial Papers is Rs 121.8 crore," Entertainment Network (India) Ltd said in a BSE filing.

    24 Jan 2017, 3.58 pm  |  Source: PTI

  • EY, Microsoft partner to develop analytics advisory services

    EY, Microsoft partner to develop analytics advisory services  

    These services will address the requirements of various industry sectors including financial services, life sciences, retail, consumer and packaged goods, and the government and public sector, EY said in a statement here.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • IWAI to raise Rs 1,000 cr in FY`17 via issuance of bonds

    IWAI to raise Rs 1,000 cr in FY'17 via issuance of bonds  

    Chairman Amitabh Verma said that IWAI will raise Rs 1,000 crore from market in February and March 2017 in two tranches of Rs 500 crore each to part fund the expansion of India's inland waterways through government serviced bonds.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • Bharti AXA appoints Srinivasan as its chief executive

    Bharti AXA appoints Srinivasan as its chief executive  

    Sanjeev joined Bharti AXA General Insurance in August last year as chief commercial and principal officer and now takes over the role of CEO & MD, a company statement said.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • VDeliver raises undisclosed investment; plans expansion

    VDeliver raises undisclosed investment; plans expansion  

    According to a statement issued by VDeliver, the startup has been among the first in the industry to build a technology-focussed logistics business from the ground up in 2011.

    24 Jan 2017, 3.42 pm  |  Source: PTI

  • SEBI moots spot exchange for agri, non-agri commodities

    SEBI moots spot exchange for agri, non-agri commodities  

    There is no spot market for commodities at present following the implosion of the National Spot Exchange Limited (NSEL) over the payment default in 2013.

    24 Jan 2017, 3.32 pm  |  Source: Moneycontrol.com

  • CBDT issues guiding principles on place of effective mgmt of cos

    CBDT issues guiding principles on place of effective mgmt of cos   

    The central board of direct taxes has issued guiding principles to determine place of effective management (POEM) of a company, reports CNBC-TV18. The new guidelines will be applicable from assessment year 2017-18.

    24 Jan 2017, 3.32 pm  |  Source: CNBC-TV18

  • Germany to finance strategic infrastructure projects in India

    Germany to finance strategic infrastructure projects in India  

    "Germany is ready to support India's growth story and become part of India's DNA in key long term strategic projects for India's growth," Matthias Machnig, State Secretary, Federal Ministry of Economic Affairs and Energy, was quot...

    24 Jan 2017, 3.30 pm  |  Source: PTI

  • Cyient to acquire Certon Software Inc

    Cyient to acquire Certon Software Inc  

    According to a release by Cyient, incorporated in 2006, Certon employs a core team of around 45 people, with revenue at the current run-rate of USD 6 million and sustainable low double digit EBITDA margins.

    24 Jan 2017, 3.30 pm  |  Source: PTI

  • SBI General Insurance launches long term 2-wheeler insurance

    SBI General Insurance launches long term 2-wheeler insurance  

    The policy, which will be sold across State Bank of India group branches, offers comprehensive coverage for two- wheelers including damage to vehicle and third party property damage or bodily injury, a company statement said.

    24 Jan 2017, 3.14 pm  |  Source: PTI

  • Kajaria Ceramics expects 5% volume growth in Jan-Mar quarter

    Kajaria Ceramics expects 5% volume growth in Jan-Mar quarter   

    In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.

    24 Jan 2017, 3.04 pm  |  Source: CNBC-TV18

  • SBI Life expects to maintain 39% growth in FY17

    SBI Life expects to maintain 39% growth in FY17  

    Individual new premium income stood at Rs 4,095 crore during the period as against Rs 3,161 crore in the last fiscal.

    24 Jan 2017, 3.00 pm  |  Source: PTI

  • Yes Bank to offer exclusive banking services to Telugu NRIs

    Yes Bank to offer exclusive banking services to Telugu NRIs  

    APNRT is a society created by state Chief Minister N Chandra Babu Naidu and non-resident IT Minister Palle Raghunatha Reddy, an NRI himself.

    24 Jan 2017, 3.00 pm  |  Source: PTI

  • McDowell`s No.1 Soda partners with DriveU

    McDowell's No.1 Soda partners with DriveU  

    The partnership creates first of its kind benchmarks where a consumer brand and a startup come together to provide a need-based consumer offering, that is based on a long term revenue sharing model, the company officials said toda...

    24 Jan 2017, 3.00 pm  |  Source: PTI

  • HCL Tech hiring more locals, says visa dependency down

    HCL Tech hiring more locals, says visa dependency down  

    There are concerns that the new government in the US, under Donald Trump, is likely to push for a stricter visa regime to curb "abuse" of H1-B and L1 visas used by foreign workers. Such a move will have a significant impact on Ind...

    24 Jan 2017, 3.00 pm  |  Source: PTI

  • HCL Tech steps up hiring in US, sees no threat from H1B issue

    HCL Tech steps up hiring in US, sees no threat from H1B issue  

    India’s fourth largest software exporter isn’t too perturbed by the protectionist stance of the new regime in the US, saying its dependence on H1B visas is much less than that of its peers.

    24 Jan 2017, 2.45 pm  |  Source: Moneycontrol.com

  • Lupin launches Ortho-Cyclen tablets in US

    Lupin launches Ortho-Cyclen tablets in US  

    In a BSE filing, Lupin said, "It has launched its Norgestimate and Ethinyl Estradiol tablets USP, 0.25 mg/0.035 mg having received approval from the United States Food and Drug Administration (FDA) earlier to market a generic vers...

    24 Jan 2017, 2.22 pm  |  Source: PTI

  • MOIL share sale:Institutional bidder portion over-subscribed

    MOIL share sale:Institutional bidder portion over-subscribed  

    The 2-day offer for sale (OFS) of the government's 10 percent stake in MOIL at a floor price of Rs 365 opened for non-retail investors today.

    24 Jan 2017, 2.18 pm  |  Source: PTI

  • Huawei aims for slot among top 5 smartphone makers in India

    Huawei aims for slot among top 5 smartphone makers in India  

    "With the launch today, Honor 6X has become India's most low priced smartphone at Rs 12,999 apiece with dual camera in the back. Having said that, it does not matter how many cameras you add to the phone as long as it delivers val...

    24 Jan 2017, 2.10 pm  |  Source: PTI

  • Muthoot Group to sell 11% stake in MFI biz to US fund

    Muthoot Group to sell 11% stake in MFI biz to US fund  

    Creation Investments will invest Rs 100 crore investment for 9 percent stake, while it has an option to invest additional Rs 30 crore at March 2018.

    24 Jan 2017, 2.00 pm  |  Source: Moneycontrol.com

  • BookMyShow acquires Hyderabad-based MastiTickets

    BookMyShow acquires Hyderabad-based MastiTickets  

    The acquisition will include transfer of MastiTickets' key assets along with existing cinema partnerships to BookMyShow, BookMyShow CEO and co-founder Ashish Hemrajani told PTI.

    24 Jan 2017, 2.00 pm  |  Source: PTI

  • Yamaha looks at 1 million units of India sales this year

    Yamaha looks at 1 million units of India sales this year  

    The company, which today launched its latest 250cc bike FZ 25 priced at Rs 1.2 lakh (ex-showroom Delhi), is banking on premium bikes and scooters to achieve its target.

    24 Jan 2017, 1.56 pm  |  Source: PTI

  • P-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec

    P-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec  

    Market experts believe the trend is likely to continue as Sebi may further tighten the regulations governing P-Notes amid persisting concerns that this route is being used for illicit fund flows.

    24 Jan 2017, 1.52 pm  |  Source: PTI

  • NowFloats closes $10 mn funding from Iron Pillar, others

    NowFloats closes $10 mn funding from Iron Pillar, others  

    "NowFloats has closed series B funding of USD 10 million via Iron Pillar and IIFL (Seed Ventures Fund I and Cash Opportunities Fund), along with Blume Ventures and Omidyar Network, who had invested in series A as well," it said in...

    24 Jan 2017, 1.20 pm  |  Source: PTI

  • HDFC Life-Max Life merger: IRDAI decision in next few weeks

    HDFC Life-Max Life merger: IRDAI decision in next few weeks  

    These insurers have already presented their views to the regulator after concerns were raised on the structure of the deal.

    24 Jan 2017, 1.17 pm  |  Source: Moneycontrol.com

  • POEM rules target shell cos, firms with Rs 50 cr sales excluded

    POEM rules target shell cos, firms with Rs 50 cr sales excluded  

    The Central Board of Direct Taxes (CBDT) today made public the long-pending "guiding principles" to determine place of effective management of a company, which have been effective April 1, 2016.

    24 Jan 2017, 1.14 pm  |  Source: PTI

  • Eyeing margin growth, acquisitions on cards: Nucleus

    Eyeing margin growth, acquisitions on cards: Nucleus   

    Speaking to CNBC-TV18 Vishnu R Dusad - MD & CEO, Nucleus Software said the company has right mix of innovative products to monetise the cash crunch scenario.

    24 Jan 2017, 12.59 pm  |  Source: CNBC-TV18

  • Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec

    Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec  

    Asset base of portfolio managers, who mostly manage investments or provide advisory services to high networth individuals (HNIs), stood at Rs 10.41 lakh crore in December 2015.

    24 Jan 2017, 12.56 pm  |  Source: PTI

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