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Moneycontrol

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  • How blockchain tech will revolutionise our world in future

    How blockchain tech will revolutionise our world in future  

    Just 22-years old computer programmer, Vitalik Buterin has become one of the leading authorities on crypto currencies in the world. Crypto currencies such as Bitcoin, Namecoin, Zcash operate upon the blockchain technology where th...

    09 Dec 2016, 1.12 pm  |  Source: Moneycontrol.com

  • Invested over Rs 500 cr in 5 yrs on e-products: Intellect Design

    Invested over Rs 500 cr in 5 yrs on e-products: Intellect Design   

    Intellect Design Arena provides digital solutions called "Digital Face" to SMEs. It has 50 clients so far. It also has a payment wallet called "Pay123".

    09 Dec 2016, 1.02 pm  |  Source: CNBC-TV18

  • M&M to curb production in December to adjust inventory

    M&M to curb production in December to adjust inventory  

    "The company will be undertaking scheduled maintenance shutdown at some of its automotive and tractor plants in December 2016," Mahindra & Mahindra said in a BSE filing.

    09 Dec 2016, 12.50 pm  |  Source: PTI

  • Maruti, Ola join hands to train aspiring drivers

    Maruti, Ola join hands to train aspiring drivers  

    Under a Memorandum of Understanding signed between the two, the exercise aims to benefit 40,000 individuals/ Ola drivers-partners in safe driving over a period of three years, Maruti Suzuki India (MSI) said in a statement.

    09 Dec 2016, 12.42 pm  |  Source: PTI

  • Lanco assets get interest from local, foreign funds, Essel Infra

    Lanco assets get interest from local, foreign funds, Essel Infra  

    Besides Essel Infra, investment manager IDFC Alternatives, US-based private equity firm I Squared Capital and Uniquest Infra Ventures Pvt Ltd -- a joint venture of Malaysia’s UEM Group and IDFC Ltd -- are learnt to have expresse...

    09 Dec 2016, 12.38 pm  |  Source: Moneycontrol.com

  • Demonetisation: No lay-offs at Infibeam; shift to cashless improving business

    Demonetisation: No lay-offs at Infibeam; shift to cashless improving business   

    Infibeam will soon provide online e-commerce platform services to Sears Holding, an American company that runs retail stores like Sears and Kmart. Infibeam Director Neeru Sharma says the deal is in line with the company's growth s...

    09 Dec 2016, 12.00 pm  |  Source: CNBC-TV18

  • IL&FS Engg lowest bidder for Jharkhand rural electrification

    IL&FS Engg lowest bidder for Jharkhand rural electrification  

    "Deen Dayal Upadhyay Gram Jyoti Yojana (DDUGJY) RE contracts are being funded by the Rural Electrification Corporation (REC). The completion schedule of the works is 24 months," the infrastructure company said in a BSE filing.

    09 Dec 2016, 12.00 pm  |  Source: PTI

  • Power Mech bags 4 orders worth Rs 250 cr from Tamil Nadu

    Power Mech bags 4 orders worth Rs 250 cr from Tamil Nadu   

    In an interview to CNBC-TV18, S Kishore Babu, CMD of Power Mech spoke about the latest happenings in his company and sector.

    09 Dec 2016, 11.33 am  |  Source: CNBC-TV18

  • NSE IPO may be marginally delayed due to Ramkrishna`s exit

    NSE IPO may be marginally delayed due to Ramkrishna's exit  

    In an interview to Business Standard, National Stock Exchange (NSE) Chairman Ashok Chawla said there may be marginal delay in the initial public offering (IPO) of NSE after the exit of CEO and Managing Director Chitra Ramkrishna. ...

    09 Dec 2016, 11.31 am  |  Source: Moneycontrol.com

  • Collections up as cash crunch pain reducing: Muthoot Fin

    Collections up as cash crunch pain reducing: Muthoot Fin   

    The pain of the demonetisation drive seems to be reducing, says George Alexander Muthoot, MD of Muthoot Finance. He expects no de-growth in this quarter and has a growth target of 18-20 percent as things get better.

    09 Dec 2016, 11.19 am  |  Source: CNBC-TV18

  • Expect EBITDA/tn to improve to Rs 8k/tn in H2FY17: Jindal Steel

    Expect EBITDA/tn to improve to Rs 8k/tn in H2FY17: Jindal Steel   

    Ravi Uppal, MD & CEO of Jindal Steel and Power says steel prices have been hiked to compensate for higher cost of production due to rising input costs. Prices of raw materials like coking coal anf pellet have shot up.

    09 Dec 2016, 11.19 am  |  Source: CNBC-TV18

  • Max Ventures and Industries acquires 2% stake in Nykaa

    Max Ventures and Industries acquires 2% stake in Nykaa  

    "Max I Ltd (a wholly-owned subsidiary of Max Ventures and Industries Ltd) has acquired 2,69,955 shares of Rs 10 each of FSN E-Commerce Ventures Private on December 8, 2016, which represents its 1.99 percent equity capital," Max Ve...

    09 Dec 2016, 11.16 am  |  Source: PTI

  • Paytm CEO sells 1% stake to raise funds for payments bank

    Paytm CEO sells 1% stake to raise funds for payments bank  

    After selling his stake to an undisclosed shareholder, Paytm founder and CEO Vijay Shekhar Sharma now owns 20.33 percent in One97.

    09 Dec 2016, 11.00 am  |  Source: Moneycontrol.com

  • TCS, Deloitte, EY make it to shortlist for GST interface

    TCS, Deloitte, EY make it to shortlist for GST interface  

    GSTN, the company that is tasked with building the world's biggest and most complex tax framework, short-listed these 34 companies to be the GST Suvidha Provider (GSP).

    09 Dec 2016, 11.00 am  |  Source: PTI

  • Demonetisation impact: Car makers extend production break in Dec

    Demonetisation impact: Car makers extend production break in Dec  

    All major players – Maruti, Hyundai, M&M and Honda – will close manufacturing units this month and next month. While insiders are blaming demonetisation for the extended shutdown, Maruti and Hyundai have said it is as per prev...

    09 Dec 2016, 10.57 am  |  Source: Moneycontrol.com

  • Flipkart`s first pvt label under `Smart Buy` to go live Friday

    Flipkart's first pvt label under 'Smart Buy' to go live Friday  

    In a bid to improve margins, e-commerce major Flipkart has launched its first private label business under an umbrella brand – Flipkart Smart Buy, reports the Mint today.

    09 Dec 2016, 9.31 am  |  Source: Moneycontrol.com

  • India Ratings downgrades Wockhardt ratings, outlook negative

    India Ratings downgrades Wockhardt ratings, outlook negative  

    Wockhardt's outlook is negative and its long-term issuer rating has been downgraded to 'IND AA-' from 'IND AA', the rating agency said in a statement here.

    09 Dec 2016, 9.30 am  |  Source: PTI

  • Praj Ind inks MoUs with IOC, BPCL for bio-ethanol plants

    Praj Ind inks MoUs with IOC, BPCL for bio-ethanol plants  

    The memoranda of understanding (MoU) were signed yesterday on the sidelines of PETROTECH 2016 held here.

    09 Dec 2016, 9.30 am  |  Source: PTI

  • SBI Card, Goibibo to offer travel discounts via e-Store app

    SBI Card, Goibibo to offer travel discounts via e-Store app  

    "Cardholders can book flights, buses and hotels with ease on Goibibo through e-Store, while availing exclusive discounts and offers," SBI Card said in a release.

    09 Dec 2016, 8.54 am  |  Source: PTI

  • Honda Cars sales slip by 20-30% after demonetisation

    Honda Cars sales slip by 20-30% after demonetisation  

    "Auto sales have dipped by 20-30 percent in retail market since November 9. But, I don't see retrenchment in the sector as things are going to improve shortly," Honda Cars India senior VP and director Raman Kumar Sharma told repor...

    09 Dec 2016, 8.54 am  |  Source: PTI

  • Exim Bank to support Guinea with $35 mn line of credit

    Exim Bank to support Guinea with $35 mn line of credit  

    Export-Import Bank of India (Exim Bank) has entered into an agreement with the Government of Guinea for a line of credit of USD 35 million for construction and up gradation of regional hospitals at Kankan and Nzerekore in Guinea, ...

    09 Dec 2016, 8.28 am  |  Source: PTI

  • Zebpay looks to make hay while bitcoin shines

    Zebpay looks to make hay while bitcoin shines  

    India's largest bitcoin trading platform - Zebpay- is betting big on the rising acceptance of the cryptocurrency across markets. From trade volume of Rs 100 crore last fiscal the company targets over Rs 1,000 crore this fiscal.

    09 Dec 2016, 8.27 am  |  Source: Moneycontrol.com

  • Haptik eyes Rs 300 cr biz in next 4-6 years, hire 180 people

    Haptik eyes Rs 300 cr biz in next 4-6 years, hire 180 people  

    The company runs a personal assistant mobile application that helps its user book a cab, recharge mobile phone, find out nearby ATMs, bus stop, petrol pump, chemist etc by click of a button using artificial intelligence technology...

    09 Dec 2016, 7.54 am  |  Source: PTI

  • Airtel, Idea launch schemes to counter Jio tariff

    Airtel, Idea launch schemes to counter Jio tariff  

    Incumbent telecom operators Bharti Airtel and Idea Cellular today made an attempt to match free 4G service of Reliance Jio by launching two identical schemes offering free calls and limited mobile internet use priced at around Rs ...

    08 Dec 2016, 10.04 pm  |  Source: PTI

  • Capital First gets board`s approval to raise Rs 340 cr

    Capital First gets board's approval to raise Rs 340 cr  

    Non-banking financial company Capital First today said its Board has approved plan to raise Rs 340 crore through preferential issue.

    08 Dec 2016, 9.52 pm  |  Source: PTI

  • Incentives, discounts to make health insurance universal: Irdai

    Incentives, discounts to make health insurance universal: Irdai  

    The New India Assurance CMD G Srinivasan, said it is a socio-economic challenge in India that health insurance is not accessible to all and it lacks sustainability as well.

    08 Dec 2016, 9.52 pm  |  Source: PTI

  • Structural solution needed for Tata Chemicals UK biz: Mistry

    Structural solution needed for Tata Chemicals UK biz: Mistry  

    Ousted Tata Sons Chairman Cyrus Mistry has cautioned that a structural solution needs to be explored in the long term for the bleeding UK operations of group firm, Tata Chemicals.

    08 Dec 2016, 9.52 pm  |  Source: PTI

  • Nabard to give Rs 228-cr grant for cashless payment systems

    Nabard to give Rs 228-cr grant for cashless payment systems  

    In order to encourage cashless payment modes in rural parts of the country, Nabard today said it will provide a grant of Rs 228 crore for deployment of point of sale machines and procurement of EMV based debit cards for farmer...

    08 Dec 2016, 9.52 pm  |  Source: PTI

  • India to become `Major Defence Partner` of US

    India to become 'Major Defence Partner' of US  

    Defence Minister Manohar Parrikar and outgoing US Defence Secretary Ashton Carter today finalised the "major defence partner" status to India which will fast-track cooperation and sharing of high-end American defence technolog...

    08 Dec 2016, 9.52 pm  |  Source: PTI

  • Airlines capacity to jump to 25% over next 3-4 yrs: Icra

    Airlines capacity to jump to 25% over next 3-4 yrs: Icra  

    The airlines are set to add an additional capacity of 20-25 per cent over the next three to four years, even as mounting competition and price war are eating into their yields impacting the bottomlines, says a report.

    08 Dec 2016, 8.56 pm  |  Source: PTI

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