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  • LG India eyes top slot in flat panels biz

    LG India eyes top slot in flat panels biz  

    "We are now in the second position in flat panel and hoping to achieve the top position by this Diwali," LG Electronics India head, corporate marketing, Niladri Datta said here.

    29 Sep 2016, 7.04 pm  |  Source: PTI

  • ICICI Pru will outpace market growth: Kochhar

    ICICI Pru will outpace market growth: Kochhar  

    She said the company has been growing at over 15 percent per annum over the last 4-5 years, while estimates peg the life insurance industry to grow between 11-13 percent in the next few years.

    29 Sep 2016, 6.54 pm  |  Source: PTI

  • `Genuine` biz failure of Kingfisher now a `nightmare`: Mallya

    'Genuine' biz failure of Kingfisher now a 'nightmare': Mallya  

    Beleaguered liquor baron Vijay Mallya today said Kingfisher Airlines has turned out to be a 'nightmare' and blamed government's adverse taxation policies and higher fuel prices for the business failure.

    29 Sep 2016, 6.54 pm  |  Source: PTI

  • India`s denim industry to cross Rs 54,000 crore in 5 yrs

    India's denim industry to cross Rs 54,000 crore in 5 yrs  

    Number of denim manufacturers has almost doubled to 42 now from 25 five years ago. But around 30 percent of this capacity remained idle due to excess production capacity.

    29 Sep 2016, 6.32 pm  |  Source: PTI

  • Zeta eyes $25 million investment by FY18

    Zeta eyes $25 million investment by FY18  

    "USD 19 million capital has been committed into Zeta in two rounds. We have planned a serious push as far as marketing is concerned," Zeta CEO and co-founder Bhavin Turakhia said.

    29 Sep 2016, 6.32 pm  |  Source: PTI

  • Merc launches 9th locally assembled model GLC SUV at Rs 47.9 L

    Merc launches 9th locally assembled model GLC SUV at Rs 47.9 L  

    The new model comes in both diesel and petrol variants and is little over Rs 5 lakh cheaper than the imported version.

    29 Sep 2016, 6.32 pm  |  Source: PTI

  • Max Life, HDFC Life merger to be completed in 12 months

    Max Life, HDFC Life merger to be completed in 12 months  

    With Max Financial Services getting merger approval from minority shareholders, the amalgamation of Max Life and HDFC Life is likely to be completed in the next 12 months.

    29 Sep 2016, 6.00 pm  |  Source: PTI

  • USFDA makes 13 observations against Alkem`s Daman plant

    USFDA makes 13 observations against Alkem's Daman plant  

    An FDA Form 483 is issued to firm management at the conclusion of an inspection "when an investigator(s) has observed any conditions that in their judgement may constitute violations of the Food Drug and Cosmetic Act and related A...

    29 Sep 2016, 6.00 pm  |  Source: PTI

  • Can Airtel adjust Rs 3000cr against licence fees, HC asks Govt

    Can Airtel adjust Rs 3000cr against licence fees, HC asks Govt  

    A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal asked the lawyer appearing for the Department of Telecommunications (DoT) to take instructions on whether Airtel will be allowed to adjust the amount, including ...

    29 Sep 2016, 6.00 pm  |  Source: PTI

  • Sebi cancels Alliance Capital MF registration

    Sebi cancels Alliance Capital MF registration  

    At the request of Alliance Capital Mutual Fund, Sebi has cancelled the certificate of registration of Alliance Capital MF and has withdrawn the approval granted to Alliance Capital Asset Management (India) Pvt Ltd, to act as the a...

    29 Sep 2016, 6.00 pm  |  Source: PTI

  • COAI DG rules out overhaul of voting rules, apology to RJio

    COAI DG rules out overhaul of voting rules, apology to RJio  

    "I don't believe there is any need for an apology. The Director General acts in accordance with the rules, regulations and constitution of the association. DG does not make independent statements expressing his point of view," Mat...

    29 Sep 2016, 5.46 pm  |  Source: PTI

  • Singapore healthcare company seeks partners in India

    Singapore healthcare company seeks partners in India  

    Napier Healthcare, which markets globally specialised healthcare IT solutions engineered from its centres in Chennai and Hyderabad, is looking for partners to reach out to more hospitals in India and its rural areas, Napier chief ...

    29 Sep 2016, 5.46 pm  |  Source: PTI

  • Mallya made UBHL Principal Officer, monitoring ops from London

    Mallya made UBHL Principal Officer, monitoring ops from London  

    Mallya, who is the Chairman of the company, is wanted in India in connection with loan default of over Rs 9,000 crore from various banks linked to the defunct Kingfisher Airlines, has been based in the UK since March this year.

    29 Sep 2016, 5.22 pm  |  Source: PTI

  • Royals, CSK refunded 30% of franchise fees by BCCI

    Royals, CSK refunded 30% of franchise fees by BCCI  

    Both these franchises, which have been suspended for two years from playing in IPL by the Justice Lodha committee as punishment for their owners indulging in betting, had paid the franchise fees under protest.

    29 Sep 2016, 5.22 pm  |  Source: PTI

  • Lupin gets USFDA nod for generic Alzheimer treatment drug

    Lupin gets USFDA nod for generic Alzheimer treatment drug  

    The company has received final approval for the product in strengths of 7 mg, 14 mg, 21 mg, and 28 mg from the US Food and Drug Administration (USFDA), Lupin Ltd said in a regulatory filing.

    29 Sep 2016, 4.10 pm  |  Source: PTI

  • YES Bank plans to raise Rs 2,500 cr via long-term bonds

    YES Bank plans to raise Rs 2,500 cr via long-term bonds  

    "The bank proposes to raise funds by issuing senior unsecured listed rated redeemable long-term bonds in the form of debentures amounting to Rs 1,000 crore, with a green shoe option for an additional amount up to Rs 1,500 crore on...

    29 Sep 2016, 4.00 pm  |  Source: PTI

  • Global M&A drops to $2.50 trillion in January-September of 2016

    Global M&A drops to $2.50 trillion in January-September of 2016  

    According to preliminary data from global deal tracking firm Dealogic, the figure so far this year is USD 2.50 trillion, down 24 percent over last year when transactions worth USD 3.27 trillion were announced.

    29 Sep 2016, 3.56 pm  |  Source: PTI

  • Ujjivan to cut interest rates, pass on benefits to customers

    Ujjivan to cut interest rates, pass on benefits to customers   

    Ujjivan Financial Services Limited the micro finance lender announced interest cut Thursday to the tune of 75 basis points with effect for October 1, 2016.

    29 Sep 2016, 3.21 pm  |  Source: CNBC-TV18

  • Tata Steel plans 2nd phase expansion of Kalinganagar plant

    Tata Steel plans 2nd phase expansion of Kalinganagar plant  

    "Sometime in next six months a proposal will be sent to our board for its approval to start the second phase work at Kalinganagar, while the focus now is to achieve full 3 mtpa capacity in first phase fast," Tata Steel MD (India a...

    29 Sep 2016, 3.10 pm  |  Source: PTI

  • LIC MF inks mutual fund distribution pact with Karnataka Bank

    LIC MF inks mutual fund distribution pact with Karnataka Bank  

    "This would be a forward looking step for the bank to provide a complete financial solution to our esteemed customers," Karnataka Bank MD & CEO P Jayarama Bhat said, adding "this engagement increases the option for our customers t...

    29 Sep 2016, 2.46 pm  |  Source: PTI

  • Zee forays into radio biz through UAE co Hum FM takeover

    Zee forays into radio biz through UAE co Hum FM takeover  

    Following the acquisition, the Essel group firm has become the first entertainment network in the region to provide media solution to its partners through television, radio and digital platforms, ZEEL said in a statement.

    29 Sep 2016, 2.40 pm  |  Source: PTI

  • Electronics design space to get Rs 2 lakh cr investment: IESA

    Electronics design space to get Rs 2 lakh cr investment: IESA  

    IESA (India Electronics and Semiconductor Association) president M N Vidyashankar said applications cleared at the Central and state level are worth about Rs 1.5 lakh crore over the last two-and-half years, under various programme...

    29 Sep 2016, 1.36 pm  |  Source: PTI

  • Nissan unveils limited edition Datsun redi-Go Sport

    Nissan unveils limited edition Datsun redi-Go Sport  

    The new variant, which comes with various additional features like rear parking sensor and black interiors, will be available for sale during the festive season.

    29 Sep 2016, 1.28 pm  |  Source: PTI

  • Abbott India names Ambati Venu as MD

    Abbott India names Ambati Venu as MD  

    "The board at its meeting held today approved the appointment of Ambati Venu as an additional director on the board and managing director of the company for a term of 5 years effective September 29, 2016, subject to approval from ...

    29 Sep 2016, 1.00 pm  |  Source: PTI

  • Air India to increase flights to Australia

    Air India to increase flights to Australia  

    "The response to Air India's non-stop Dreamliner between Delhi and Sydney-Melbourne has been overwhelming and we will be deploying the additional capacity on this route in the second quarter of 2017," Air India chairman and managi...

    29 Sep 2016, 12.40 pm  |  Source: PTI

  • Government`s 7% stake sale in Hindustan Copper begins

    Government's 7% stake sale in Hindustan Copper begins  

    The two-day Offer for Sale opened today with 5.18 crore shares reserved for non-retail investors being put under the hammer.

    29 Sep 2016, 12.40 pm  |  Source: PTI

  • No critical observation by UK health regulator: Wockhardt

    No critical observation by UK health regulator: Wockhardt  

    "The inspection of our manufacturing unit at L-1, Chikalthana, Aurangabad, Maharashtra by UK MHRA has since been completed without any critical observations and the approval status of the said unit continues," Wockhardt said in a ...

    29 Sep 2016, 12.36 pm  |  Source: PTI

  • After ICICI Pru, other insurance cos may opt for IPO: HDFC Life

    After ICICI Pru, other insurance cos may opt for IPO: HDFC Life   

    After ICICI Prudential received remarkable valuations, he is confident that other insurance companies will also follow suit. He expects SBI Life to also be listed very soon.

    29 Sep 2016, 12.34 pm  |  Source: CNBC-TV18

  • Expect carbon biz to deliver margin of 16-18%: Rain Industries

    Expect carbon biz to deliver margin of 16-18%: Rain Industries   

    In CY2016 cement EBITDA will be approximately Rs 650 to Rs 700 per tonne, says T Srinivasa Rao, CFO at Rain Industries.

    29 Sep 2016, 12.20 pm  |  Source: CNBC-TV18

  • Rossell India denies talks of demerging tea business

    Rossell India denies talks of demerging tea business   

    Refuting rumors of demerging its tea business, CS Bedi, MD of Rossell India told CNBC-TV18 that all the business verticals will stay intact the way they are.

    29 Sep 2016, 11.35 am  |  Source: CNBC-TV18

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