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  • Mistry seeks shareholders support to stay on Tata Power board

    Mistry seeks shareholders support to stay on Tata Power board  

    Seeking support of Tata Power shareholders against promoters' proposal to remove him from the board, Cyrus Mistry has said that the company fared better than most of its competitors during his tenure.

    10 Dec 2016, 5.36 pm  |  Source: PTI

  • VIEW: Three reasons why Trump`s rhetoric won’t spook IT sector

    VIEW: Three reasons why Trump's rhetoric won’t spook IT sector  

    A social media tweet at the peak of US election compared then Republican nominee and now President-elect Donald Trump as the Raj Thackeray of USA, in an apparent reference to the latter’s protectionist, sometimes violent, agenda...

    10 Dec 2016, 4.36 pm  |  Source: Moneycontrol.com

  • IT, Telcos seek ease of doing biz, manufacturing push in Budget

    IT, Telcos seek ease of doing biz, manufacturing push in Budget  

    IT and Telecom industry bodies have sought measures in the upcoming Budget to promote ease of doing business, incentives for R&D investments and push for domestic manufacturing.

    10 Dec 2016, 3.38 pm  |  Source: PTI

  • Coca-Cola names Quincey as next CEO, Kent stays as Chairman

    Coca-Cola names Quincey as next CEO, Kent stays as Chairman  

    Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No 2 executive, Chief Operating Officer James Quincey, the company announced today.

    10 Dec 2016, 3.22 pm  |  Source: PTI

  • ICAI should rethink its demonetisation advisory to members: Pros

    ICAI should rethink its demonetisation advisory to members: Pros   

    Advisory on illegal activities by chartered accountants if any is welcome move but advisory not hearing any negative views on demonetisting by any ICAI member is a bit of an overreach, says V Balakrishnan, Former CFO, Infosys.

    10 Dec 2016, 1.30 pm  |  Source: CNBC-TV18

  • Banks expect huge rush for cash after 3-day break

    Banks expect huge rush for cash after 3-day break  

    Bankers are anticipating huge rush for withdrawals when they open for public dealing after the break.

    10 Dec 2016, 11.14 am  |  Source: PTI

  • Tata Motors global sales rise 1% in November

    Tata Motors global sales rise 1% in November  

    Tata Motors today reported a 1 per cent rise in global sales at 91,832 units, including that of Jaguar Land Rover (JLR) vehicles, in November

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Idea Cellular to raise Rs 1,500 cr debt from market

    Idea Cellular to raise Rs 1,500 cr debt from market  

    Telecom operator Idea Cellular today said that it will raise Rs 1,500 crore through issue of debntures on private placement on December 13.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Axis Bank buys 13.6% stake of IFCI stake in ACRE for Rs 23cr

    Axis Bank buys 13.6% stake of IFCI stake in ACRE for Rs 23cr  

    With this, IFCI has transfered 73.28 lakh shares of ACRE, an asset reconstruction company engaged in the acquisition of assets (NPAs) from Banks/FIs and their resolution, to Axis Bank.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Blackstone sells 4.75% stake in MCX for Rs 302-cr

    Blackstone sells 4.75% stake in MCX for Rs 302-cr  

    Private-equity giant Blackstone Group today offloaded 4.75 per cent stake in Multi Commodity Exchange of India (MCX) for an estimated Rs 302 crore through an open market transaction.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Telecom customer base reached to 1074 mn with Jio entry in Sep

    Telecom customer base reached to 1074 mn with Jio entry in Sep  

    Cutting short two months of decline, telecom subscriber base rose by 1.98 per cent to 1074.24 million in the country at September-end mainly boosted by the formal launch of services by newcomer Reliance Jio.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • IL&FS Engineering lowest bidder for Rs 225-cr order

    IL&FS Engineering lowest bidder for Rs 225-cr order  

    IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has emerged as the lowest bidder for Rural Electrification (RE) Works worth Rs 225 crore of Jharkhand Bijli Vitran Nigam(JBVNL).

    09 Dec 2016, 8.18 pm  |  Source: PTI

  • Apple invests in Chinese wind farms

    Apple invests in Chinese wind farms  

    Apple has struck a partnership with the world's largest wind turbine maker, the American company said, marking the tech giant's largest clean energy project to date.

    09 Dec 2016, 7.34 pm  |  Source: PTI

  • BSNL suffered Rs 1,721-cr loss in June quarter: Govt

    BSNL suffered Rs 1,721-cr loss in June quarter: Govt  

    State-owned Bharat Sanchar Nigam Ltd's losses in the April-June quarter this fiscal stood at Rs 1,721 crore while total income was at Rs 7,331 crore, Rajya Sabha was informed today.

    09 Dec 2016, 7.34 pm  |  Source: PTI

  • Top 100 cos created Rs 28 lakh cr wealth in past 5 years: Study

    Top 100 cos created Rs 28 lakh cr wealth in past 5 years: Study  

    Country's top 100 companies in terms of market valuation have generated Rs 28.4 lakh crore wealth in the last five years, with Tata Group firm TCS retaining the numero uno position in the chart, says a latest study.

    09 Dec 2016, 5.32 pm  |  Source: PTI

  • UPL`s subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr

    UPL's subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr  

    Agro-chemical major UPL Ltd today said its Mauritius-subsidiary has sold 19.22 per cent stake in Villa Crop Protection for Rs 22 crore.

    09 Dec 2016, 5.32 pm  |  Source: PTI

  • Tata Sons may expand upper echelon, hire 2 VC`s: Sources

    Tata Sons may expand upper echelon, hire 2 VC's: Sources   

    After Cyrus Mistry's removal as the chairman of Tata Sons, the USD 100 billion conglomerate is likely to expand its upper brass and is looking to create two vice-chairman positions.

    09 Dec 2016, 5.08 pm  |  Source: CNBC-TV18

  • SBI to sell 3.9% stake in SBI Life Insurance for Rs 1,794 crore

    SBI to sell 3.9% stake in SBI Life Insurance for Rs 1,794 crore   

    State Bank of India (SBI) has informed BSE that the bank's board at a meeting held on Friday approved sale of 3.9 percent stake in SBI Life Insurance Company at a price of Rs 460 per share, subject to all regulatory approvals. SBI...

    09 Dec 2016, 4.54 pm  |  Source: CNBC-TV18

  • `No production days` in December a normal practice: M&M

    'No production days' in December a normal practice: M&M   

    Pravin Shah, President & CEO, M&M said no production days is a normal practice which an organization follows and demonetisation is not the only reason for that.

    09 Dec 2016, 4.49 pm  |  Source: CNBC-TV18

  • COMMENT: What Paytm doesn’t seem to have gained from demonetisation

    COMMENT: What Paytm doesn’t seem to have gained from demonetisation  

    If Paytm was seeking to raise money in August at a valuation of USD 5 billion, demonetisation has clearly done nothing to improve its valuation. Paytm’s valuation would have substantially increased had the company been listed; t...

    09 Dec 2016, 4.19 pm  |  Source: Moneycontrol.com

  • Tough to sustain margins amidst Europe crisis: Vaibhav Tamboli

    Tough to sustain margins amidst Europe crisis: Vaibhav Tamboli   

    Tamboli Capital is into complex investments casting. Company's promoter Vaibhav Tamboli says, 90 percent of company's income comes from global markets. Company's margins are at record levels.

    09 Dec 2016, 3.53 pm  |  Source: CNBC-TV18

  • Inactive cos declined by 4,000 in over 3 years: Govt

    Inactive cos declined by 4,000 in over 3 years: Govt  

    As on October this year, the number of inactive companies was at 1,38,410 as compared to 1,42,373 as on March 31, 2014, Minister of State for Corporate Affairs, Arjun Ram Meghwal said in a written reply to the Lok Sabha.

    09 Dec 2016, 3.44 pm  |  Source: PTI

  • Max Bupa launches new version of Health Assurance

    Max Bupa launches new version of Health Assurance  

    The plan introduces comprehensive coverage in situations like critical illness, accidental death or permanent total or partial disability and offers daily hospital cash benefit, the insurer said in a release.

    09 Dec 2016, 3.38 pm  |  Source: PTI

  • Four cases registered with CCI against telcos: Govt

    Four cases registered with CCI against telcos: Govt  

    Among others, the complaints about unfair competitive practices and abuse of dominance have also been filed against regulator TRAI, DoT, industry body COAI, as also against operators Bharti Airtel, Idea, Vodafone India, Aircel, Vi...

    09 Dec 2016, 3.36 pm  |  Source: PTI

  • Strides Shasun to acquire Perrigo API India for Rs 100 cr

    Strides Shasun to acquire Perrigo API India for Rs 100 cr  

    The company has signed "definitive agreements to acquire the entire shareholding in Perrigo API India Pvt Ltd (Perrigo API India) for Rs 1,000 million," Strides Shasun said in a BSE filing.

    09 Dec 2016, 3.36 pm  |  Source: PTI

  • Now Vodafone too matches rivals with free calling plans

    Now Vodafone too matches rivals with free calling plans  

    Yesterday, the market leader Airtel and the No 3 player Idea Cellular had launched many schemes to counter Jio's tariff with free voice calls to prepaid customers and additional data.

    09 Dec 2016, 3.36 pm  |  Source: PTI

  • Transporters embracing e-payments, CV`s should recover: Eicher

    Transporters embracing e-payments, CV's should recover: Eicher   

    VE Commercial Vehicles CEO Vinod Aggarwal is positive of a sales rise in December. Aggarwal’s optimism stems from transporters getting used to cashless economy through modes such as prepaid cards, e-payments and RFID toll cards....

    09 Dec 2016, 3.13 pm  |  Source: CNBC-TV18

  • Reached out to 3 lk people as part of Jan Dhan Yojana:Bartronics

    Reached out to 3 lk people as part of Jan Dhan Yojana:Bartronics   

    Bartronics has helped banks so far reached out to 3 lakh people as part of Jan Dhan Yojana, says K Udai Sagar, Managing Director of the company. It is currently working in tandem with Andhra Bank. Bank of Maharashtra is a potentia...

    09 Dec 2016, 3.11 pm  |  Source: CNBC-TV18

  • CCI slaps Rs 12,918 cr fine in 327 cases: Government

    CCI slaps Rs 12,918 cr fine in 327 cases: Government  

    Out of the penalty imposed, a total of Rs 10,454.08 crore have been stayed by the Competition Appellate Tribunal, various courts, including the Supreme Court, and Rs 2,427.90 have been dismissed during the period, Minister of Stat...

    09 Dec 2016, 3.02 pm  |  Source: PTI

  • No growth in wholesale market yet, says Jyothy Labs MD

    No growth in wholesale market yet, says Jyothy Labs MD   

    Speaking to CNBC-TV18, K Ullas Kamath, Joint MD and CFO of Jyothy Laboratories said, growth is still not there in the wholesale market.

    09 Dec 2016, 2.58 pm  |  Source: CNBC-TV18

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