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Business News

  • PC shipments dip 2.2% to 2.14 mn units in Q2: IDC

    PC shipments dip 2.2% to 2.14 mn units in Q2: IDC  

    "Consumer spending throughout the quarter remained lukewarm. However, owing to seasonality, the quarter ended up with a positive momentum," IDC India Senior Market Analyst Client Devices Manish Yadav said.

    24 Aug 2016, 3.52 pm  |  Source: PTI

  • Pankaj Harjai appointed head of Lenovo`s SMB business

    Pankaj Harjai appointed head of Lenovo's SMB business  

    Additionally, Pankaj has also taken charge of Lenovo's commercial channel business. He will be reporting to Rahul Agarwal, Managing Director, Lenovo India, the company said in a release.

    24 Aug 2016, 3.52 pm  |  Source: PTI

  • Aim to reduce debt by Rs 200 cr this fiscal: NCC Ltd

    Aim to reduce debt by Rs 200 cr this fiscal: NCC Ltd   

    In an interview with CNBC-TV18, YD Murthy, Executive VP of Finance at NCC said that the company plans to reduce its debt by around Rs 200 crore and expects to bring down finance cost by Rs 90 crore in this fiscal.

    24 Aug 2016, 3.39 pm  |  Source: CNBC-TV18

  • CTTC-Bhubaneswar signs agreement with ISRO

    CTTC-Bhubaneswar signs agreement with ISRO  

    Under the agreement, Indian Space Research Organisation would transfer three types of temperature-sensor technology to CTTC to further strengthen its manufacturing capability, Managing Director of CTTC-Bhubaneswar, S Maity said in...

    24 Aug 2016, 3.36 pm  |  Source: PTI

  • Odisha to woo investors in Bengaluru

    Odisha to woo investors in Bengaluru  

    The state government has invited around 250 large and medium industries from sectors like engineering, IT, hardware, aviation, textile, medical devices, lubricants, aerospace, beverages, telecom, defence, transport and consumer du...

    24 Aug 2016, 3.30 pm  |  Source: PTI

  • Inox Leisure to pump in Rs 200 cr to add 60 screens in 2016-17

    Inox Leisure to pump in Rs 200 cr to add 60 screens in 2016-17  

    "In addition to 1 property, 5 screens and 617 seats (already opened), we expect to open another 12 properties, 54 screens and 10,786 seats this financial year," Deepak Asher, Inox Leisure Director and Group Head, told analysts dur...

    24 Aug 2016, 3.24 pm  |  Source: PTI

  • Tata Steel starts exports of Ferroshots from Kalinganagar

    Tata Steel starts exports of Ferroshots from Kalinganagar  

    Rajiv Kumar, Vice President (Operation) of Tata Steel Kalinganagar Plant, flagged off the first export consignment to a South East Asian country, yesterday, the company said in a statement today.

    24 Aug 2016, 3.24 pm  |  Source: PTI

  • How Ola, Uber allowed to run on tourist permit? HC asks govt

    How Ola, Uber allowed to run on tourist permit? HC asks govt  

    A division bench of justices S C Dharmadhikari and B P Colabawalla was hearing a petition filed by Association of radio taxis, which include cabs like Meru, Mega and Tabcabs, seeking a complete ban on website and app-based cab com...

    24 Aug 2016, 3.16 pm  |  Source: PTI

  • ManpowerGroup to acquire Ciber Norway

    ManpowerGroup to acquire Ciber Norway  

    "The acquisition of Ciber Norway complements the organic growth of ManpowerGroup's own professional resourcing and project-based workforce solutions arm, Experis, and will help meet growing demand in the IT sector," the company sa...

    24 Aug 2016, 3.16 pm  |  Source: PTI

  • MEP mulling rights/preferential issue for share capital increase

    MEP mulling rights/preferential issue for share capital increase   

    The incremental capital will be brought in through either preferential shares or rights issue and the total quantum of fund raising will be in-line with requirement of equity to be infused for the projects, said Jayant Mhaiskar, V...

    24 Aug 2016, 3.15 pm  |  Source: CNBC-TV18

  • Cos raise Rs 26,000 cr via bond issues on NSE e-book platform

    Cos raise Rs 26,000 cr via bond issues on NSE e-book platform  

    The platform NSE-EBP (Electronic Debt Bidding Platform) was launched on July 1, to facilitate online bidding for private placement of debt securities. The rival exchange BSE had also launched the platform -- BSE-BOND -- on the sam...

    24 Aug 2016, 3.08 pm  |  Source: PTI

  • CP Kukreja bags $60 mn project in Kuala Lumpur

    CP Kukreja bags $60 mn project in Kuala Lumpur  

    Bandar Malaysia will cover 200 million sq ft of gross floor area, spread over 500 acres.

    24 Aug 2016, 3.04 pm  |  Source: PTI

  • Expansion on-stream by Jan; FY17 EPS to top FY16: Cosmo Films

    Expansion on-stream by Jan; FY17 EPS to top FY16: Cosmo Films   

    In an interview with CNBC-TV18, Ashok Jaipuria, CMD, Cosmo Films, provided an update over the company's expansion plans and said the company should see its profits growing over last year's.

    24 Aug 2016, 2.55 pm  |  Source: CNBC-TV18

  • Walmart reviewing cotton certification records of Welspun

    Walmart reviewing cotton certification records of Welspun  

    Confirming that Welspun supplies a number of products to Walmart, a spokesperson of the US retail major said: "We are currently reviewing Welspun cotton certification records and plan to have additional conversations with Welspun....

    24 Aug 2016, 2.40 pm  |  Source: PTI

  • Jiangsu Longzhe may buy majority stake in Diamond Power

    Jiangsu Longzhe may buy majority stake in Diamond Power  

    EY was mandated by the company's lenders to evaluate alternative options and finalise the best option in June 2016 and this exercise leads to conclusion of a fair and transparent process of investor induction followed by the lende...

    24 Aug 2016, 2.36 pm  |  Source: PTI

  • Demand in hydrocarbon sector, international pipeline strong: EIL

    Demand in hydrocarbon sector, international pipeline strong: EIL   

    Engineers India's bet on the international sector is paying off, with about Rs 100 crore revenue accruing from there and margins coming back up to 20 percent.

    24 Aug 2016, 2.24 pm  |  Source: CNBC-TV18

  • Will maintain current EBITDA levels: Nectar Lifesciences

    Will maintain current EBITDA levels: Nectar Lifesciences   

    In an interview with CNBC-TV18, Dinesh Dua, CEO of Nectar Lifesciences spoke about the results and his outlook for the company.

    24 Aug 2016, 2.18 pm  |  Source: CNBC-TV18

  • Tata Power generation capacity up 9% in June quarter

    Tata Power generation capacity up 9% in June quarter  

    The rise in overall generation capacity was "mainly due to commissioning of 44 MW Lahori wind farm project in Madhya Pradesh and Cennergi (Pty) achieving commercial operations of both its 134 MW Amakhala Emoyeni and 95 MW Tsitsika...

    24 Aug 2016, 2.14 pm  |  Source: PTI

  • FSSAI to test honey samples to revise standards: Sources

    FSSAI to test honey samples to revise standards: Sources   

    Around 10 market samples will be collected by FSSAI from 5 major players in distribution and manufacture of honey namely, Dabur, Patanjali, Baidyanath, Khadi and Himalayan.

    24 Aug 2016, 1.56 pm  |  Source: CNBC-TV18

  • SBI to raise up to Rs 11,100 cr via perpetual debt

    SBI to raise up to Rs 11,100 cr via perpetual debt   

    Anshula Kant, Deputy Managing Director and CFO of SBI said move is part of the the bank's plans to raise capital.

    24 Aug 2016, 1.55 pm  |  Source: CNBC-TV18

  • Rice prices to be 14-15% higher than last year: KRBL

    Rice prices to be 14-15% higher than last year: KRBL   

    Even if the company does not receive any big order from the government, it will close at minimum growth of 10 percent, says Anil Mittal, CMD of the company.

    24 Aug 2016, 1.54 pm  |  Source: CNBC-TV18

  • TCS settles Orange County lawsuit for $26 mn; shares down

    TCS settles Orange County lawsuit for $26 mn; shares down  

    "TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System," a TCS spokesperson said.

    24 Aug 2016, 1.52 pm  |  Source: PTI

  • Quikr acquires ZapLuk to scale up beauty, wellness business

    Quikr acquires ZapLuk to scale up beauty, wellness business  

    Under its services vertical, QuikrServices, Quikr will now offer a full range of on-demand home beauty services to consumers in multiple cities including Bengaluru, Delhi, Mumbai, Chennai, Gurgaon and Hyderabad, the company said.

    24 Aug 2016, 1.52 pm  |  Source: PTI

  • Strides Shasun gets USFDA tentative nod for Ranitidine tablets

    Strides Shasun gets USFDA tentative nod for Ranitidine tablets  

    In a BSE filing, Strides Shasun said "it has received approval from the US Food and Drug Administration (USFDA) for Ranitidine tablets USP, 150 mg and 300 mg".

    24 Aug 2016, 1.08 pm  |  Source: PTI

  • Welspun issue spillover not a concern for Indo Count, says ED

    Welspun issue spillover not a concern for Indo Count, says ED   

    None of Indo Count’s clients have asked for clarification on quality, says Kailash Lalpuria, Executive Director the company adding that a robust system is already in place for quality control.

    24 Aug 2016, 12.41 pm  |  Source: CNBC-TV18

  • Idea-Vodafone possible merger: 3 key challenges that may hurt

    Idea-Vodafone possible merger: 3 key challenges that may hurt  

    Credit Suisse is cautious that while any consolidation in the sector is positive, Idea-Vodafone merger will not be an easy one given that there is significant overlap between the two.

    24 Aug 2016, 12.17 pm  |  Source: Moneycontrol.com

  • CII favours short-term protection of steel industry

    CII favours short-term protection of steel industry  

    "If protection is temporary, it is acceptable. In the long term it (country) has to do away with the protections," CII president Naushad Forbes said here today in a media interaction.

    24 Aug 2016, 11.46 am  |  Source: PTI

  • BSNL waives installation charges

    BSNL waives installation charges  

    Mahuli told reporters in Aizawl that the customers could avail of new landline connection by paying monthly charges of just Rs 49 for first six months and the customers, after the expiry of six months would be charged monthly plan...

    24 Aug 2016, 11.46 am  |  Source: PTI

  • Jubilant Life gets USFDA nod for hypertension tablets

    Jubilant Life gets USFDA nod for hypertension tablets  

    In a BSE filing, the company said "it has received Abbreviated New Drug Application (ANDA) final approval for Telmisartan Tablets, USP 20,40 and 80mg, the generic version of Micardis Tablets of Boehringer Ingelheim Pharmaceuticals...

    24 Aug 2016, 11.24 am  |  Source: PTI

  • Welspun crisis unlikely to affect textile stocks: Capital Mind

    Welspun crisis unlikely to affect textile stocks: Capital Mind   

    The recent scrutiny into Indian textiles sector following Target severing ties with Welspun over wrongly labelled cotton sheets will only benefit the country’s textile segment, said Deepak Shenoy, Founder of Capital Mind.

    24 Aug 2016, 11.09 am  |  Source: CNBC-TV18

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