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Business News

  • Shaking off dieselgate, VW races back into profit

    Shaking off dieselgate, VW races back into profit  

    Wolfsburg (Germany), Feb 24 (AFP) German auto giant Volkswagen today said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its "dieselgate" scandal fading into the rearview mirror.

    25 Feb 2017, 9.04 am  |  Source: PTI

  • Drug cos focus on automation & work culture to meet compliance

    Drug cos focus on automation & work culture to meet compliance  

    Faced with increasing regulatory scrutiny -- Indian drug makers working more closely then ever before on Friday said they have been investing on automation, simplifying and standardizing systems and working on building culture of ...

    24 Feb 2017, 9.20 pm  |  Source: Moneycontrol.com

  • Air India puts new Airbus A320 Neo into operation

    Air India puts new Airbus A320 Neo into operation  

    Government-run Air India has put into operations its newly leased Airbus A320 Neo with its maiden flight arriving here from New Delhi.

    24 Feb 2017, 8.38 pm  |  Source: PTI

  • Eveready Assam plant begins commercial production

    Eveready Assam plant begins commercial production  

    The dry cell battery maker Eveready Industries today said commercial production has started in its new plant in Assam.

    24 Feb 2017, 8.38 pm  |  Source: PTI

  • IndiaFirst eyes to collect Rs 2-K crore premium by March end

    IndiaFirst eyes to collect Rs 2-K crore premium by March end  

    IndiaFirst Life Insurance is looking at achieving overall premium of Rs 2,000 crore by March-end from Rs 1,750 crore at present, a top company official said here.

    24 Feb 2017, 8.28 pm  |  Source: PTI

  • Now, devotees can donate by scanning QR codes

    Now, devotees can donate by scanning QR codes  

    After mobile wallets and point of sale machines, Paytm has set up QR codes at places of worship.

    24 Feb 2017, 8.11 pm  |  Source: Moneycontrol.com

  • Despite weak sales, Honda eyes new plant; buys 380 acres in Guj

    Despite weak sales, Honda eyes new plant; buys 380 acres in Guj  

    Honda Cars has acquired 380 acres in Gujarat to set up a new assembly line, though its two existing plants are running at half the installed capacity of 2.40 lakh units as its sales fell over 25 per cent last year.

    24 Feb 2017, 7.46 pm  |  Source: PTI

  • IndiGo brings on board ex-United Airlines exec Szadokierski

    IndiGo brings on board ex-United Airlines exec Szadokierski  

    Budget carrier IndiGo has roped in former United Airlines executive Cindy Szadokierski as a consultant for its airport operations.

    24 Feb 2017, 7.46 pm  |  Source: PTI

  • Tech groups Softbank, Foxconn to deepen ties with joint venture

    Tech groups Softbank, Foxconn to deepen ties with joint venture  

    The move will give Foxconn 54.5 percent of one of Softbank's existing subsidiaries for USD 600 million and comes as both groups step up investments in the technology sector and consider expansion in the United States.

    24 Feb 2017, 7.08 pm  |  Source: Reuters

  • Porsche brings Limited Edition 911 R worth Rs 3 crore to India

    Porsche brings Limited Edition 911 R worth Rs 3 crore to India  

    High performance sports car Porsche said it has delivered the first Limited Edition 911 R, making it one of the 991 units produced globally.

    24 Feb 2017, 6.50 pm  |  Source: PTI

  • Torrent Power gets shareholders` nod to raise Rs 1,500 cr

    Torrent Power gets shareholders' nod to raise Rs 1,500 cr  

    Torrent Power today said it has received shareholders' approval to raise up to Rs 1,500 crore through issuance of non-convertible debentures on private placement basis.

    24 Feb 2017, 6.50 pm  |  Source: PTI

  • Araku Coffee goes global with Paris launch

    Araku Coffee goes global with Paris launch  

    The top quality blend will retail under the 'Araku' brand at a premium pricing, and is cultivated by the indigenous tribes of the Araku Valley in Andhra Pradesh.

    24 Feb 2017, 6.48 pm  |  Source: PTI

  • Icra downgrades various debt instruments of IDBI Bank

    Icra downgrades various debt instruments of IDBI Bank  

    Rating agency Icra on Friday downgraded various debt instruments of IDBI Bank owing to a significant erosion of it's common equity tier I (CET 1), following weak financial performance of the bank in the quarter ended December.

    24 Feb 2017, 6.48 pm  |  Source: PTI

  • The Week That Was: Uneasy truce at Infy, TCS buyback, RIL rally, Snapdeal layoffs

    The Week That Was: Uneasy truce at Infy, TCS buyback, RIL rally, Snapdeal layoffs  

    The trading week gone by was only four days long. but there was a flurry of activity across IT, e-commerce and banking.

    24 Feb 2017, 6.08 pm  |  Source: Moneycontrol.com

  • Bitcoin hits record high above $1,200 on talk of ETF approval

    Bitcoin hits record high above $1,200 on talk of ETF approval  

    Traditional financial players have largely shunned the web-based "crytpocurrency", viewing it as too volatile, complicated and risky, and doubting its inherent value.

    24 Feb 2017, 5.16 pm  |  Source: Reuters

  • India`s steel exports register three-fold increase in January

    India's steel exports register three-fold increase in January  

    The massive jump in exports comes amid government providing extensive support to the domestic steel industry by way of various trade remedial measures including anti-dumping.

    24 Feb 2017, 4.30 pm  |  Source: PTI

  • Prabhat Dairy looks to strengthen footprint in Gulf region

    Prabhat Dairy looks to strengthen footprint in Gulf region  

    For a vast customer base in the Gulf Region and other markets, the company will introduce its wide range of cheese and milk products at 'Gulfood 2017', an international food trade show being organised in Dubai between February 26 ...

    24 Feb 2017, 4.26 pm  |  Source: PTI

  • Bharti`s buyout of Telenor India credit positive: Moody`s

    Bharti's buyout of Telenor India credit positive: Moody's  

    Yesterday, telecom operator Bharti Airtel announced its decision to acquire Norwegian Telenor's India unit, signalling a fresh round of industry consolidation that has intensified in the wake of disruptive entry of newcomer Relian...

    24 Feb 2017, 4.10 pm  |  Source: PTI

  • Shoppers Stop sells nearly entire 5% in airport retail venture

    Shoppers Stop sells nearly entire 5% in airport retail venture  

    "The company's shareholding in Nuance Group Fashion and Luxury Duty Free Private Ltd (NGFL) has been reduced from 5 percent to 0.00035 percent of the paid-up share capital of NGFL," Shoppers Stop said in a regulatory filing.

    24 Feb 2017, 4.10 pm  |  Source: PTI

  • WhatsApp keen to plug into India`s digital commerce play

    WhatsApp keen to plug into India's digital commerce play  

    Highlighting the country's importance, Acton said WhatsApp hopes to contribute more to "India's vision for digital commerce in future".

    24 Feb 2017, 3.34 pm  |  Source: PTI

  • We plan to grade schools, train teachers better: Education Secy

    We plan to grade schools, train teachers better: Education Secy  

    In that context lots need to be done. While examining all the aspect number of ways can be done. Our focus on the quality of teachers. If the problem of related to teacher can be solved education can be takeoff especially.

    24 Feb 2017, 3.33 pm  |  Source: Moneycontrol.com

  • Business models of e-tailers have not worked: T V Mohandas Pai

    Business models of e-tailers have not worked: T V Mohandas Pai  

    "E-tailers will have large problems because their model is running out of steam. The model has not worked. So, people are reluctant to give them money. They got a challenge. They got work it out. It's going to be a tough year," th...

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • ONGC board approves pact to acquire GSPC stake for USD1.2 bn

    ONGC board approves pact to acquire GSPC stake for USD1.2 bn  

    The Board of state-owned ONGC has approved signing of definitive agreements for buying debt- laden GSPC's entire 80 per cent stake in KG-basin natural gas block for USD 1.2 billion.

    24 Feb 2017, 3.12 pm  |  Source: PTI

  • Voylla eyes retail expansion, chases Rs 300 cr sales

    Voylla eyes retail expansion, chases Rs 300 cr sales  

    The company, at present, has 123 retail touch points -- which include exclusive stores, shop in shops in large multi-brand outlets and kiosks -- in India.

    24 Feb 2017, 3.04 pm  |  Source: PTI

  • Infy seeks shareholders` nod for new Articles of Association

    Infy seeks shareholders' nod for new Articles of Association  

    "The Board has recommended the adoption of new Articles of Association of the company in conformity with the Companies Act, 2013 to the shareholders for approval," Infosys said in a BSE filing.

    24 Feb 2017, 2.44 pm  |  Source: PTI

  • Airtel-Telenor deal done, Idea-Vodafone on weekend: What`s next?

    Airtel-Telenor deal done, Idea-Vodafone on weekend: What's next?  

    The Airtel-Telenor buyout coupled with talks of potential Vodafone-Idea merger and Tata Teleservices with RCom-Airtel-MTS combine raise questions whether a consolidation is the best way for telecom companies in view of Reliance Ji...

    24 Feb 2017, 2.38 pm  |  Source: Moneycontrol.com

  • Fin sector jobs to be lost to mergers, tech & cost pressures

    Fin sector jobs to be lost to mergers, tech & cost pressures  

    After its associate banks are merged into the State Bank of India (SBI), about 200,000 jobs could be cut, said CH Venkatachalam, General Secretary, All India Bank Employees Association (AIBEA).

    24 Feb 2017, 2.30 pm  |  Source: Moneycontrol.com

  • Tata Steel gets EC for Haldia coke plant expansion

    Tata Steel gets EC for Haldia coke plant expansion  

    "The Environment Ministry has given the EC to Tata Steel for expansion of its coke oven plant to 2.2 MTPA subject to certain conditions," a senior government official said.

    24 Feb 2017, 2.28 pm  |  Source: PTI

  • Consolidation in telecom sector may lead to 1 mn job losses

    Consolidation in telecom sector may lead to 1 mn job losses  

    According to a GSMA report, India’s telecom sector directly employs 2.2 million people and 1.8 million indirectly. Consolidation in the sector could cause nearly a third of these jobs to be shed.

    24 Feb 2017, 2.15 pm  |  Source: Moneycontrol.com

  • Without reskilling, IT`s 1 mn workforce will struggle to stay

    Without reskilling, IT's 1 mn workforce will struggle to stay  

    The shift the industry is currently undergoing is evident from growth numbers, which have plummeted to mid-single digits in the last few years. And for the first time, industry body Nasscom has deferred its annual growth guidance.

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

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