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  • Toyota Kirloskar Motor sales up 6% in September

    Toyota Kirloskar Motor sales up 6% in September  

    The company had sold 11,376 units in the domestic market in September last year, Toyota Kirloskar Motor (TKM) said in a statement.

    01 Oct 2016, 2.00 pm  |  Source: PTI

  • Angel investment: What kind of a ball are your angels having?

    Angel investment: What kind of a ball are your angels having?  

    Led by angel investment groups and incubators, tech startups have raised nearly Rs 113.6 crore India so far this year. What drives these early-stage investors, money or power?

    01 Oct 2016, 1.29 pm  |  Source: Moneycontrol.com

  • Will use startup lessons from US, Japan in India: Hiro Mashita

    Will use startup lessons from US, Japan in India: Hiro Mashita   

    CNBC-TV18's Adith Charlie met Hiro Mashita, Founder of Japan's biggest Angel Investor M&S Partners, the company that has invested in 34 startus in India, on the second day of Techsparks IMN Bengaluru.

    01 Oct 2016, 1.25 pm  |  Source: CNBC-TV18

  • Vistara launches Delhi-Port Blair service

    Vistara launches Delhi-Port Blair service  

    With the addition of Port Blair into its network, Vistara now operates from 18 domestic airports across the country.

    01 Oct 2016, 12.56 pm  |  Source: PTI

  • RBI allows foreign investors to raise satke in Adani Ports

    RBI allows foreign investors to raise satke in Adani Ports  

    Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) can under the Portfolio Investment Scheme invest up to 49 percent of paid up capital in Adani Ports and Special Economic Zone and 34 percent in...

    01 Oct 2016, 12.56 pm  |  Source: PTI

  • NSEL PMLA case: ED attaches Rs 1,170 cr assets of FTIL

    NSEL PMLA case: ED attaches Rs 1,170 cr assets of FTIL  

    The agency said it has issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching bonds and securities worth Rs 1,065 crore (Rs 1,140 crore market value) and Rs 30 crore balance kept in a private ban...

    01 Oct 2016, 12.56 pm  |  Source: PTI

  • LIC reduces stake in SBI by 2% over two years

    LIC reduces stake in SBI by 2% over two years  

    LIC earlier held 12.45 percent (equivalent to 966,478,050 shares) stake in the country's largest lender, SBI said in a regulatory filing.

    01 Oct 2016, 12.56 pm  |  Source: PTI

  • Punjab National Bank revises lending rates

    Punjab National Bank revises lending rates  

    "The bank has revised the Marginal Cost of Lending Rate (MCLR) with effect from October 1, 2016," it said in a regulatory filing.

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • Ruchi Soya`s creditor files winding up petition in Bombay HC

    Ruchi Soya's creditor files winding up petition in Bombay HC  

    In a filing to the BSE, Ruchi Soya informed that "it has been served with a copy of winding up petition filed by one of its creditors before High Court of Bombay. The company will take appropriate legal recourse in the matter." Th...

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • SBI offers `Hope Loans` at reduced interest rates

    SBI offers 'Hope Loans' at reduced interest rates  

    "Hope Loans comes with the added benefit of reduced interest rates that SBI has just announced due to the reduction in the marginal cost of lending rate (MCLR). On an Rs 50 lakh home loan, for example, one would get to save approx...

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • IOB capital infusion: Sebi exempts govt from making open offer

    IOB capital infusion: Sebi exempts govt from making open offer  

    As part of capital infusion into the public sector lender, the government's stake in IOB would increase by more than five percent.

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • Reliance Communications promoter pledges shares worth Rs 300 cr

    Reliance Communications promoter pledges shares worth Rs 300 cr  

    Reliance Wind Turbine Installators Industries Private Limited, which holds 12.05 percent in RCom, has pledged 7 crore shares to L&T Finance Limited, as per a BSE Filing.

    01 Oct 2016, 12.52 pm  |  Source: PTI

  • Subaru recalls about 593,000 cars; wiper motors can overheat

    Subaru recalls about 593,000 cars; wiper motors can overheat  

    The recall affects certain Legacy and Outback cars from the 2010 to 2014 model years. The company says that due to contamination, parts in the wiper motor cover can interfere with one another.

    01 Oct 2016, 12.32 pm  |  Source: PTI

  • Hinduja keen to set up commercial vehicle plant in Jharkhand

    Hinduja keen to set up commercial vehicle plant in Jharkhand  

    The proposal from the Hinduja Group came during a meeting with prospective investors and Jharkhand Chief Minister Raghubar Das in New York, an official release said.

    01 Oct 2016, 12.32 pm  |  Source: PTI

  • Venture capitalists, private equities bullish on India

    Venture capitalists, private equities bullish on India  

    "The Indian market is going to be a second or third largest Venture capitalist (VC) markets in the world," said Sid Talwar, a partner at Lightbox, which has invested USD 50 million in 2015 of the USD 200 million planned for India.

    01 Oct 2016, 12.30 pm  |  Source: PTI

  • Maruti Suzuki September passenger vehicle sales log 31% growth

    Maruti Suzuki September passenger vehicle sales log 31% growth  

    The country's largest carmaker Maruti Suzuki India today reported a 31.1 per cent growth in its passenger vehicle sales in September at 1,49,143 units, riding on its highest-ever domestic sales.

    01 Oct 2016, 12.00 pm  |  Source: PTI

  • India`s largest spectrum auction worth Rs 5.63 lakh cr starts

    India's largest spectrum auction worth Rs 5.63 lakh cr starts   

    India's largest-ever spectrum sale where mobile airwaves worth Rs 5.63 lakh crore are up on the block kicked off today.

    01 Oct 2016, 10.56 am  |  Source: PTI

  • India great platform for power demand: Sembcorp

    India great platform for power demand: Sembcorp  

    Describing India as a growth platform in power sector, a Singapore-based firm has said it will enhance its presence in the country to tap the ever-growing power market.

    01 Oct 2016, 10.28 am  |  Source: PTI

  • Bharat Petroleum and IOC launch LNG buy tenders - trade sources

    Bharat Petroleum and IOC launch LNG buy tenders - trade sources  

    India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.

    30 Sep 2016, 9.51 pm  |  Source: Reuters

  • Missed out on startup action so far: Mukund Rajan

    Missed out on startup action so far: Mukund Rajan   

    In choppy markets, well-established conglomerates become islands of stability for investors; that's the word coming in from Tata Sons Brand Custodian Mukund Rajan.

    30 Sep 2016, 9.32 pm  |  Source: CNBC-TV18

  • Kohinoor Group-Pune to invest Rs 300 cr in logistics parks

    Kohinoor Group-Pune to invest Rs 300 cr in logistics parks  

    "We are setting up two logistics parks in Chakan and Ranjangaon in Maharashtra. The Rs 600 crore projects will be funded through 50:50 JV and we will invest around Rs 300 crore in the said project," KDC Joint Managing Director V...

    30 Sep 2016, 9.24 pm  |  Source: PTI

  • Vedanta elevates Arun Kumar as Group CFO; D D Jalan retires

    Vedanta elevates Arun Kumar as Group CFO; D D Jalan retires  

    Kumar, currently Deputy CFO at Vedanta, takes over from Group CFO and whole-time director of Vedanta Ltd Jalan on his superannuation, effective September 30, it said in a statement.

    30 Sep 2016, 9.24 pm  |  Source: PTI

  • Shriram Transport Finance raises Rs 410 crore via bonds

    Shriram Transport Finance raises Rs 410 crore via bonds  

    Bonds of 3 years tenure will carry coupon of 8.15 percent per annum, 910 days of 8.1145 percent and that for 1092 days the coupon rate will be 8.25 percent.

    30 Sep 2016, 8.46 pm  |  Source: PTI

  • Kotak to buy BSS MFI for Rs 139.2 cr in all cash deal

    Kotak to buy BSS MFI for Rs 139.2 cr in all cash deal  

    Kotak Mahindra Bank today announced it is acquiring Karnataka-focused BSS Microfinance for Rs 139.2 crore in an all cash deal, which would enable the private sector lender to enter the high-growth microlending segment.

    30 Sep 2016, 8.44 pm  |  Source: PTI

  • Fortis Healthcare gives corporate guarantee for subsidiary

    Fortis Healthcare gives corporate guarantee for subsidiary  

    Fortis Healthcare today said it is providing corporate guarantee for a term loan of Rs 225 crore that its subsidiary Fortis Hospitals is availing from Yes Bank.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • Cognizant appoints Rajeev Mehta as President

    Cognizant appoints Rajeev Mehta as President  

    IT major Cognizant has appointed company veteran Rajeev Mehta as its new President.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • RCom gets Rajasthan HC approval for Sistema acquisition

    RCom gets Rajasthan HC approval for Sistema acquisition  

    Reliance Communications today said Rajasthan High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL), that operates under the MTS brand.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • Muthoot Finance to raise Rs 500 crore via NCDs in November

    Muthoot Finance to raise Rs 500 crore via NCDs in November  

    The proposal to raise money through the pubic issue of debt securities was taken at the company's annual general meeting held on September 29 at Kochi, the company said in a statement.

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • Kotak Mahindra Bank to acquire BSS Microfinance for Rs 139 cr

    Kotak Mahindra Bank to acquire BSS Microfinance for Rs 139 cr  

    The acquisition process is expected to be completed in about 3-4 months for a cash consideration of Rs 139.2 crore, Kotak Mahindra Bank said.

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • RJio row: Trai seeks daily report from telcos on congestion

    RJio row: Trai seeks daily report from telcos on congestion  

    "We have asked operators for report on congestion over point of interconnection on daily basis. We have earlier sought report for period between September 15-19. Now we have asked for reports post September 19," Trai Chairman R S ...

    30 Sep 2016, 7.58 pm  |  Source: PTI

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