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  • Sintex Industries plans to raise Rs 1,000 cr through NCDs

    Sintex Industries plans to raise Rs 1,000 cr through NCDs  

    Plastic and Textiles firm Sintex Industries plans to raise Rs 1,000 crore from the market by issuing non-convertible debentures/bonds on a private placement basis.

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • General Motors puts on hold $1 bn investment in India

    General Motors puts on hold $1 bn investment in India  

    US auto major General Motors has put on hold its planned USD 1 billion investment in India and is reviewing its future product plan for the country due to "unprecedented regulatory uncertainty" and change in customer preferenc...

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Not liable to repay Rs 6K cr debt due to breach of terms :KFA

    Not liable to repay Rs 6K cr debt due to breach of terms :KFA  

    The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restruct...

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Qwikcilver raises funding, to invest in scaling growth

    Qwikcilver raises funding, to invest in scaling growth  

    The company will use the funding to further invest in scaling the Gift Card category through innovations, R&D and expand into new geographies in Middle East and South East Asia and scale its growth, it said in a statement here.

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Vodafone M-Pesa ties up with Punjab power utility

    Vodafone M-Pesa ties up with Punjab power utility  

    Vodafone M-Pesa offers customers a cashless, secure platform for electricity bill payments with the largest network of agents (or CashIn Points) to enable digitisation of money for cash holding population, said a company statement...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • HNPCL commissions 1,040 MW power project at Vizag

    HNPCL commissions 1,040 MW power project at Vizag  

    Hinduja National Power Corporation Ltd (HNPCL), part of the Hinduja Group, has commissioned its 1,040 MW coal-fired power project at Visakhapatnam.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Gamesa bags 100MW turnkey orders from Orange Renewable

    Gamesa bags 100MW turnkey orders from Orange Renewable  

    "Gamesa will deliver complete turnkey solutions for a 40 MW project in Gujarat and a 60MW project in Karnataka with supply of 20 units of G114-2.0 MW T106 and 30 units of G97-2.0 MW T104 turbines", city-based company said in a sta...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Tata Motors plans to raise Rs 400 cr via NCDs

    Tata Motors plans to raise Rs 400 cr via NCDs  

    Tata Motors plans to raise Rs 400 crore through issuance of non-convertible debentures (NCDs) and a committee of the board is due to meet on Thursday in this regard.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • BSE, Mauritius Stock Exchange tie up to promote financial mkts

    BSE, Mauritius Stock Exchange tie up to promote financial mkts  

    Leading bourse BSE today said it has entered into an agreement with Stock Exchange of Mauritius (SEM) for collaboration in areas including investments, products and cyber security.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Govt to soon notify inflation target under framework agreement

    Govt to soon notify inflation target under framework agreement  

    The government is likely to notify this week inflation target for next five years under the monetary policy framework agreement, a top official said today.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Agri-logistics firm NCML sets up cold storage unit in Guntur

    Agri-logistics firm NCML sets up cold storage unit in Guntur  

    National Collateral Management Services (NCML) today said it has set up a cold storage facility in Guntur, Andhra Pradesh, at a cost of Rs 9.45 crore primarily for the benefit of chilli farmers of the state.

    25 Jul 2016, 7.54 pm  |  Source: PTI

  • Intent is for watchlist to dissolve itself in 8 qrts: Axis Bank

    Intent is for watchlist to dissolve itself in 8 qrts: Axis Bank   

    Speaking to CNBC-TV18 after Axis Bank reported its first quarter results, CFO Jairam Sridharan said this quarter panned out fairly in line with his earlier guidance that 60 percent of the roughly Rs 22,000-crore watchlist could sl...

    25 Jul 2016, 7.29 pm  |  Source: CNBC-TV18

  • SEBI says Pearl Agrotech siphoned off funds, seeks CBI probe

    SEBI says Pearl Agrotech siphoned off funds, seeks CBI probe  

    The Supreme Court issued a issued a notice to Pearl Agrotech, barring it from selling or disposing of any of its assets.

    25 Jul 2016, 7.16 pm  |  Source: CNBC-TV18

  • Essar to invest Rs 750 cr to expand capacity at Hazira Port

    Essar to invest Rs 750 cr to expand capacity at Hazira Port  

    The company is increasing capacity by 1,100 metres from the present 550 metres to meet rising demand.

    25 Jul 2016, 6.46 pm  |  Source: PTI

  • Ultratech Cement plans to raise Rs 300 cr via NCDs

    Ultratech Cement plans to raise Rs 300 cr via NCDs  

    "The Company is proposing to issue 7.57 percent, 3,000 Secured Redeemable NCDs on a private placement basis," it said in a regulatory filing.

    25 Jul 2016, 6.46 pm  |  Source: PTI

  • Telecom Commission bats for 3% floor spectrum usage charge

    Telecom Commission bats for 3% floor spectrum usage charge   

    The Telecom Commission has maintained its stance on the proposal of levying spectrum usage charges (SUC), proposing that an additional floor of 3 percent SUC be charged to telecom companies.

    25 Jul 2016, 6.45 pm  |  Source: PTI

  • NSE Academy signs pact with IICA

    NSE Academy signs pact with IICA  

    NSE Academy has entered into a pact with Indian Institute of Corporate Affairs (IICA) for training programmes in the area of finance and other allied verticals.

    25 Jul 2016, 6.42 pm  |  Source: PTI

  • Maruti planning to transport vehicles via inland waterways

    Maruti planning to transport vehicles via inland waterways  

    Maruti Suzuki India is planning to transport vehicles through inland waterways and has inked a pact with the government for this, a move that will help the country's' largest carmaker reduce its logistic costs.

    25 Jul 2016, 6.42 pm  |  Source: PTI

  • Asset quality under control; focus now on retail book: Canara Bk

    Asset quality under control; focus now on retail book: Canara Bk   

    Slippages during the first quarter were Rs 3,878 crore, of which Rs 648 crore was mainly in existing accounts, said Canara Bank Managing Director & CEO Rakesh Sharma.

    25 Jul 2016, 5.56 pm  |  Source: CNBC-TV18

  • RBI imposes Rs 2-crore penalty on HDFC Bank

    RBI imposes Rs 2-crore penalty on HDFC Bank  

    The RBI has also slapped a fine of Rs 5 crore on Bank of Baroda (BoB) over Rs 6,100-crore scandal exposed last year.

    25 Jul 2016, 5.46 pm  |  Source: PTI

  • Volkswagen begins deliveries of Ameo in India

    Volkswagen begins deliveries of Ameo in India  

    The bookings for the car, which would be manufactured at the company's Pune plant, began on May 12.

    25 Jul 2016, 5.46 pm  |  Source: PTI

  • Quikr acquires Hiree to boost job listing

    Quikr acquires Hiree to boost job listing  

    Hiree, which counts IT companies and start-ups among its customers, will be merged with Quikr's job vertical QuikrJobs and will operate out of the latter's headquarters, Quikr said in a statement today.

    25 Jul 2016, 5.46 pm  |  Source: PTI

  • Irdai fines Bharti AXA General Insurance for rule breach

    Irdai fines Bharti AXA General Insurance for rule breach  

    The company added a condition of proportionate deduction in proportion to room under the head 'incremental charges condition' in cases of group health policies, which was in violation of health insurance guidelines, Irdai said.

    25 Jul 2016, 5.46 pm  |  Source: PTI

  • Significant steps being made to curb call drops: Rajan Mathews

    Significant steps being made to curb call drops: Rajan Mathews   

    The telecom companies in the meeting stated that there has been a significant reduction in call drop rates and that the industry has come up with a new technology to automate the monitoring of mobile networks.

    25 Jul 2016, 4.34 pm  |  Source: CNBC-TV18

  • IDBI Bank plans to raise Rs 28,000 cr via equity, debt

    IDBI Bank plans to raise Rs 28,000 cr via equity, debt  

    At the annual general meeting of the bank held last week they approved an enabling resolution for issue of shares aggregating up to Rs 8,000 crore inclusive of premium amount through various modes including Qualified Institutional...

    25 Jul 2016, 4.28 pm  |  Source: PTI

  • Here is why JSW Energy is on a roll with its acquisitions

    Here is why JSW Energy is on a roll with its acquisitions  

    In the last one year, JSW Energy has been single-mindedly pursuing deals in the power sector. At last count, it has agreed to snap up three power companies and has pulled out of a deal. The company stands to gain from them immense...

    25 Jul 2016, 4.24 pm  |  Source: Moneycontrol.com

  • Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal

    Cairn-Vedanta merger to happen by 2016-end: Anil Agarwal  

    Debt-laden Vedanta Ltd, previously known as Sesa Sterlite Ltd, had on Friday upped its offer to buy out the minority shareholders in its cash-rich subsidiary, Cairn India.

    25 Jul 2016, 4.24 pm  |  Source: PTI

  • Bill to bring cab aggregators like Uber, Ola on anvil: Govt

    Bill to bring cab aggregators like Uber, Ola on anvil: Govt  

    During the Question Hour in Rajya Sabha, the Minister for Road, Transport and Highways said under the present provisions of the "outdated" Motor Vehicles Act, there is not much regulatory control over taxi aggregators like Ola and...

    25 Jul 2016, 4.24 pm  |  Source: PTI

  • Muthoot launches recycling hub in Bengaluru; to open more stores

    Muthoot launches recycling hub in Bengaluru; to open more stores  

    Muthoot Gold Point here is the eighth centre in the country, after Coimbatore, Chennai, Delhi, Mumbai, Kolkata, Ahmedabad and Vijayawada.

    25 Jul 2016, 4.16 pm  |  Source: PTI

  • Eye Rs 800 cr order book, 10% margins in FY17: Transformers

    Eye Rs 800 cr order book, 10% margins in FY17: Transformers   

    Speaking to CNBC-TV18, Jitendra Mamtora of the company said that the company’s order book stands at Rs 868 crore as of June 30. The company has Rs 200 crore worth orders in the pipeline.

    25 Jul 2016, 4.12 pm  |  Source: CNBC-TV18

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