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Business News

  • RCap eyes consumer lending growth; home finance listing by April

    RCap eyes consumer lending growth; home finance listing by April  

    Besides, it will develop a new vertical for consumer lending business for better growth and profitability and will re-launch its commodity exchange with focus on diamond and crude oil futures. Diamond futures will be the flagship ...

    27 Sep 2016, 12.30 pm  |  Source: PTI

  • Google launches service to take internet to India malls, cafes

    Google launches service to take internet to India malls, cafes  

    Under the service, Google will roll-out Wi-Fi hot spots in places frequented by a large number of people, such as malls and transit stations, and in social hangout locations such as cafes and universities, the company said on Tues...

    27 Sep 2016, 12.24 pm  |  Source: Reuters

  • Aiming for 20% revenue growth in FY17: Parag Milk

    Aiming for 20% revenue growth in FY17: Parag Milk   

    After the initial public offer (IPO) in May earlier this year, the company has managed to off-load its debt by Rs 100 crore and the current debt stands at Rs 250 crore, Devendra Shah told CNBC-TV18.

    27 Sep 2016, 11.48 am  |  Source: CNBC-TV18

  • Max Life promoters to get Rs 850 crore non-compete fee

    Max Life promoters to get Rs 850 crore non-compete fee   

    In the company’s Annual General Meet (AGM) on Monday, 65 percent of minority shareholders approved it. The shareholders include names like KKR, Goldman Sachs and Kotak.

    27 Sep 2016, 11.48 am  |  Source: Moneycontrol.com

  • `Anmol Effect` has brought good luck to R-Cap shares: Ambani

    'Anmol Effect' has brought good luck to R-Cap shares: Ambani  

    Thanking the shareholders at the company's Annual General Meeting for their "vote of confidence" in 24-year-old Anmol's appointment as an Executive Director, Ambani said his son is "part of this younger demography and will relate ...

    27 Sep 2016, 11.46 am  |  Source: PTI

  • Pick-up in demand to aid topline growth in FY17: Sarda Energy

    Pick-up in demand to aid topline growth in FY17: Sarda Energy   

    On back of better demand and higher prices, Manish Sarda, Director, Sarda Energy expects the FY17 topline to be better than FY16.

    27 Sep 2016, 11.42 am  |  Source: CNBC-TV18

  • Won`t buy more stake in MRO-TEK as prices too high: Jitu Virwani

    Won't buy more stake in MRO-TEK as prices too high: Jitu Virwani   

    In an interview with CNBC-TV18, Jitendra Mohandas Virwani said that he won't be increasing his stake any more as the price has moved too high.

    27 Sep 2016, 11.24 am  |  Source: CNBC-TV18

  • YES Bank to raise Rs 330 cr via green infra bonds

    YES Bank to raise Rs 330 cr via green infra bonds  

    "FMO will be investing in Yes Bank's bonds through FMO's own sustainable bonds. The definitive agreement was signed today at the fourth edition of FMO's Future of Finance conference being held in Katwijk, the Netherlands," Yes Ban...

    27 Sep 2016, 11.04 am  |  Source: PTI

  • Gas prices may fall to $ 2.40-2.45/unit on GVC basis: ONGC

    Gas prices may fall to $ 2.40-2.45/unit on GVC basis: ONGC   

    Despite the price fall, ONGC is confident of volumes improving on back of project implementation, says AK Srinivasan, Director - Finance at ONGC.

    27 Sep 2016, 11.00 am  |  Source: CNBC-TV18

  • Paytm acquires Edukart in a no cash consideration deal

    Paytm acquires Edukart in a no cash consideration deal  

    According to a report in Economic Times, the deal has no cash consideration as the deal is more to acquire the skills and expertise of the employees. The deal includes an employment contract.

    27 Sep 2016, 10.21 am  |  Source: Moneycontrol.com

  • Bajaj Allianz bets big on two-wheeler package policy

    Bajaj Allianz bets big on two-wheeler package policy  

    The private sector non-life insurer has already sold 6,000 such policies so far in 2016-17.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • Kotak PE sells 5.73% stake in Minda Corp for Rs 120 cr

    Kotak PE sells 5.73% stake in Minda Corp for Rs 120 cr  

    Kotak Private Equity Fund and Kotak India Growth Fund II together sold a total of 1,20,03,615 shares, representing 5.73 percent stake of Minda Corp, according to bulk deal data available with stock exchanges.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • HCL to seek Centre`s nod for Rs 2,200 cr concentrate project

    HCL to seek Centre's nod for Rs 2,200 cr concentrate project  

    Two companies, from Israel and Finland, have been shortlisted for the new greener technology, which would be used for the first time to extract metal through chemical process, instead of heat.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • Govt removes Sushil Muhnot as CMD of Bank of Maharashtra

    Govt removes Sushil Muhnot as CMD of Bank of Maharashtra  

    According to reports, the finance ministry had earlier this year served a showcause notice to Muhnot asking him to explain why he should not be terminated from his job for allegedly occupying two houses.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • TCS recognised as leading global financial technology provider

    TCS recognised as leading global financial technology provider  

    TCS earned the top position on the 2016 IDC Financial Insights FinTech Rankings for the second consecutive year after maintaining a top-ten ranking for the past ten years.

    27 Sep 2016, 10.16 am  |  Source: PTI

  • Accenture hires 1,000 women employees

    Accenture hires 1,000 women employees  

    "Accenture welcomed 1,000 new women employees across 4 locations in Bengaluru, NCR, Hyderabad and Pune," the company said in a statement.

    27 Sep 2016, 9.40 am  |  Source: PTI

  • Flipkart vs Snapdeal Vs Amazon: A Diwali slugfest in the making

    Flipkart vs Snapdeal Vs Amazon: A Diwali slugfest in the making  

    The slugfest of discounts is offering a wide range of deals to lure new and existing consumers. While Flipkart is hoping to win the battle with affordability factor, Amazon is betting it all on curtain-raiser deals.

    27 Sep 2016, 9.22 am  |  Source: Moneycontrol.com

  • US elections not a worry as Indian IT aids job creation: Experts

    US elections not a worry as Indian IT aids job creation: Experts   

    IT experts are of the opinion that statements made by the US presidential nominees - Hillary Clinton and Donald Trump - are generic and rhetoric. It is not a reason to worry, says R Chandrashekar, President of Nasscom.

    27 Sep 2016, 9.08 am  |  Source: CNBC-TV18

  • Will tier II cities steal the `real` show from metros?

    Will tier II cities steal the 'real' show from metros?  

    s per QuikrHomes recent consumer sentiments survey, nearly 43 percent prospective buyers showed interest in Tier II cities, majorly in Kochi, Coimbatore, Jaipur, Chandigarh and Lucknow, among few others.

    27 Sep 2016, 8.38 am  |  Source: Moneycontrol.com

  • Most of draft GST rules are positive: PwC

    Most of draft GST rules are positive: PwC   

    Pratik Jain, leader of indirect tax division at PricewaterhouseCoopers termed most of the draft GST rules as positive. Commenting of the Centre’s efforts Jain said it is one of the rare times when the government is running faste...

    26 Sep 2016, 9.59 pm  |  Source: CNBC-TV18

  • Y Combinator`s partners share funding tips for entrepreneurs

    Y Combinator's partners share funding tips for entrepreneurs   

    Entrepreneurs should be armed with a plan B if the funding tap dries up, that's the word coming in from the world's most powerful startup incubator Y Combinator, whose successes include the likes of Airbnb, Dropbox and Reddit.

    26 Sep 2016, 9.56 pm  |  Source: CNBC-TV18

  • IRB Infra wins Rs 2,100-cr highway project from NHAI

    IRB Infra wins Rs 2,100-cr highway project from NHAI  

    IRB Infrastructure Developers has received letter of award from National Highways Authority of India (NHAI) for Rs 2,100-crore highway project in Rajasthan and Gujarat.

    26 Sep 2016, 9.48 pm  |  Source: PTI

  • IOC gets US trade body grant for refinery modernisation

    IOC gets US trade body grant for refinery modernisation  

    The US Trade and Development Agency has awarded a grant to state-owned Indian Oil Corp to support their refinery modernisation efforts.

    26 Sep 2016, 9.48 pm  |  Source: PTI

  • DCB Bank launches DCB UPI mobile app

    DCB Bank launches DCB UPI mobile app  

    DCB Bank today said it has launched an Unified Payment Interface (UPI) application to enhance banking experience for customers.

    26 Sep 2016, 9.48 pm  |  Source: PTI

  • India to focus on clean tourism: Mahesh Sharma

    India to focus on clean tourism: Mahesh Sharma  

    India will focus on cleanliness, security and better connectivity of tourist areas to boost tourism in the country, Tourism Minister Mahesh Sharma today said as his ministry gears up to celebrate 'World Tourism Day' tomorrow.

    26 Sep 2016, 9.48 pm  |  Source: PTI

  • Telco war: RJio makes live operator-wise call drop data

    Telco war: RJio makes live operator-wise call drop data  

    Taking its fight against incumbent telecom operators to the next level, Reliance Jio today made live the data on call drops its users are experiencing due to Airtel, Vodafone and Idea not providing enough interconnectivity.

    26 Sep 2016, 9.46 pm  |  Source: PTI

  • Tax dept unveils draft rules for registration under GST

    Tax dept unveils draft rules for registration under GST  

    In less than a week after the first meeting of the GST Council, the tax department today came out with three draft rules and their formats relating to registration, invoice and payments which would be finalised by week-end.

    26 Sep 2016, 9.16 pm  |  Source: PTI

  • `PR industry to touch Rs 2,000-cr revenue milestone by 2020`

    'PR industry to touch Rs 2,000-cr revenue milestone by 2020'  

    The public relations industry will almost double in the next four years to touch Rs 2,100-crore mark driven by rising demand for its services from the technology sector, according to a report.

    26 Sep 2016, 8.58 pm  |  Source: PTI

  • India signs MoU for exploring minerals in Indian Ocean

    India signs MoU for exploring minerals in Indian Ocean  

    India today signed a 15-year MoU with the International Seabed Authority (ISA), a move that will give New Delhi the exclusive rights to exploration of Polymetallic Sulphides (PMS) in Indian Ocean.

    26 Sep 2016, 8.58 pm  |  Source: PTI

  • Renault-Nissan inks global pact with Microsoft

    Renault-Nissan inks global pact with Microsoft  

    Renault-Nissan Alliance has inked a global, multi-year agreement with Microsoft Corp to partner on next-generation technologies to advance connected driving experiences worldwide.

    26 Sep 2016, 8.58 pm  |  Source: PTI

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