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Business

  • Liberty assures no job losses at Tata Steel UK if bid succeeds

    Liberty assures no job losses at Tata Steel UK if bid succeeds  

    Liberty House's CEO Sanjeev Gupta told CNBC on Friday that he's committed to sustaining all current jobs if the bid for Tata Steel UK is successful and will concentrate on re-training existing steel workers.

    06 May 2016, 1.04 pm  |  Source: CNBC

  • Bad mkt conditions hurt capacity utilization: Mangalam Cement

    Bad mkt conditions hurt capacity utilization: Mangalam Cement   

    Yashwant Mishra, President-Corporate & CFO of Mangalam Cement, says the company could only used 68% of The cement co expects a turnover of up to Rs 1,300 crore this year.

    06 May 2016, 1.03 pm  |  Source: CNBC-TV18

  • Aurobindo Pharma gets final USFDA nod for cholesterol drug

    Aurobindo Pharma gets final USFDA nod for cholesterol drug  

    "The company has received final approval from the US Food & Drug Administration (USFDA) to manufacture and market Fenofibrate Tablets, 48 mg and 145 mg," Aurobindo Pharma said in a BSE filing.

    06 May 2016, 12.38 pm  |  Source: PTI

  • Not decided yet on on-tap bank licence appln: Bajaj FinServ

    Not decided yet on on-tap bank licence appln: Bajaj FinServ   

    Since application for license is now on-tap or on an ongoing basis, the company will prefer to wait and apply at an appropriate time, says Sanjiv Bajaj, MD of Bajaj Finserv.

    06 May 2016, 12.28 pm  |  Source: CNBC-TV18

  • Norms relaxed for utilisation of domestic coal: Piyush Goyal

    Norms relaxed for utilisation of domestic coal: Piyush Goyal  

    The decision by the Union Cabinet is expected to help reduce cost of power generation by 40-50 paise per unit and will lead to savings of Rs 25,000 crore per annum in 4-5 years.

    06 May 2016, 12.10 pm  |  Source: PTI

  • KEC International Q4 net seen up 14%, margin expansion seen

    KEC International Q4 net seen up 14%, margin expansion seen  

    During the period, EBITDA may rise 14 percent at Rs 210 (or 14 percent) crore compared to Rs 184 crore (7.3 percent) on annual basis.

    06 May 2016, 12.04 pm  |  Source: Moneycontrol.com

  • Focus on personal mobility will continue: Castrol India

    Focus on personal mobility will continue: Castrol India   

    Castrol India has seen a robust volume growth of 9 percent during the March quarter, Rashmi Joshi, Director-Finance at Castrol India told CNBC-TV18.

    06 May 2016, 11.53 am  |  Source: CNBC-TV18

  • Stake sale to help reduce debt, unlock value: Diamond Power

    Stake sale to help reduce debt, unlock value: Diamond Power   

    The board of Diamond Power will meet on May 16 to consider various debt realignment options, including re-organization of the business, to consider a Rs 825 crore proposal from an investor, to offer 51 percent stake to a "strategi...

    06 May 2016, 11.51 am  |  Source: CNBC-TV18

  • DT Cinema deal valuation may be revised: PVR CFO

    DT Cinema deal valuation may be revised: PVR CFO   

    The company is well funded to clinch the transaction, but may require a marginal debt of Rs 50-100 crore, going forward, says Nitin Sood, CFO of PVR Cinemas.

    06 May 2016, 11.33 am  |  Source: Business Line

  • NIIT Tech Q4 margins may fall on weaker revenue momentum

    NIIT Tech Q4 margins may fall on weaker revenue momentum  

    Revenue may show a slight decline in constant currency terms. There were sizable project completions in the prior quarters and no immediate new project ramp-up to compensate for this. The company has a large exposure to British po...

    06 May 2016, 11.25 am  |  Source: Moneycontrol.com

  • Siemens March quarter revenue may jump 4%, order inflows key

    Siemens March quarter revenue may jump 4%, order inflows key  

    During the quarter, its EBITDA may see a 3 percent growth at Rs 258 crore against Rs 250 crore while margins may stand at 9.3 percent versus 9.42 percent year-on-year.

    06 May 2016, 11.06 am  |  Source: Moneycontrol.com

  • See strong growth for wealth management biz, NBFC: IIFL

    See strong growth for wealth management biz, NBFC: IIFL   

    Giving an outlook for the company, Prabodh Agrawal, Group CFO of IIFL said that there has been a slowdown in the mutual fund distribution business but the company has coped well with changes in mutual fund fee structure.

    06 May 2016, 10.46 am  |  Source: CNBC-TV18

  • Expect 15-16% organic revenue growth in FY17: Emami Group

    Expect 15-16% organic revenue growth in FY17: Emami Group   

    The international business may grow up by 20-25 percent, and the company can see an uptick in the growth from Q2 onward, says NH Bhansali, CEO- Finance Strategy and Business Development, and CFO of Emami Group.

    06 May 2016, 10.44 am  |  Source: CNBC-TV18

  • After 20% profit growth in FY16; Talwalkars hungry for more

    After 20% profit growth in FY16; Talwalkars hungry for more   

    Talwalkars Better Value Fitness reported a steady fourth quarter yesterday, topping off a year in which its revenues about 15 percent to Rs 258 crore while profit grew 20 percent to Rs 55 crore.

    06 May 2016, 10.35 am  |  Source: CNBC-TV18

  • ABG Shipyard promoters may have to give up control: Sources

    ABG Shipyard promoters may have to give up control: Sources   

    Vietnam-based Masan Group was earlier in talks with ABG Shipyard for a stake sale, but it is now understood from the sources that Masan has withdrawn interests in acquiring strategic stake in the company, reports Ritu Singh of CNB...

    06 May 2016, 10.14 am  |  Source: CNBC-TV18

  • Titan Q4 net may slip 3%, jewellers strike likely to hurt

    Titan Q4 net may slip 3%, jewellers strike likely to hurt   

    During the period, EBITDA is seen up 5.5 percent at Rs 285 crore compared to Rs 270 crore while EBITDA margins may stand at 10.1 percent versus 10.8 percent year-on-year.

    06 May 2016, 10.02 am  |  Source: Moneycontrol.com

  • Maharashtra needs separate department for drought relief: ORF

    Maharashtra needs separate department for drought relief: ORF  

    The need for this policy and a holistic approach has been brought out in the research report compiled by the Observer Research Foundation (ORF) Mumbai.

    06 May 2016, 9.50 am  |  Source: PTI

  • ICICI Prudential Life to hire BofA Merrill, ICICI Sec for IPO

    ICICI Prudential Life to hire BofA Merrill, ICICI Sec for IPO  

    Other banks are likely to join the syndicate for the IPO that is expected in the current financial year ending March 31, IFR, a Thomson Reuters publication, reported.

    06 May 2016, 9.42 am  |  Source: Reuters

  • To decide on `on tap` license post final RBI guidelines: SREI

    To decide on 'on tap' license post final RBI guidelines: SREI   

    While SREI Infra fits the criteria laid out in the draft guidelines and is also well capitalised, Vice Chairman Sunil Kanoria says, no decision has been made yet on applying for a license.

    06 May 2016, 9.36 am  |  Source: CNBC-TV18

  • Airtel to sell mobile towers in Congo to Helios Towers Africa

    Airtel to sell mobile towers in Congo to Helios Towers Africa  

    The deal will significantly reduce Airtel's capital expenditure on passive infrastructure and also mitigate the proliferation of towers through enhanced sharing, the statement said.

    06 May 2016, 9.08 am  |  Source: PTI

  • Monsoon forecasting has become more reliable: Government

    Monsoon forecasting has become more reliable: Government  

    In a written response to a question in Rajya Sabha, Y C Chowdary, Minister of State for Earth Sciences, said this indicates that monsoon forecast has become more "reliable".

    06 May 2016, 9.08 am  |  Source: PTI

  • Rs 33,097 cr allocated to Northeast: Government

    Rs 33,097 cr allocated to Northeast: Government  

    The funds include Rs 2,400 crore provided to the Ministry of Development of North Eastern Region (DoNER) in the budget, he said in a written reply in Rajya Sabha.

    06 May 2016, 9.08 am  |  Source: PTI

  • PM invites CMs of UP, Maha, Karnataka to discuss drought

    PM invites CMs of UP, Maha, Karnataka to discuss drought  

    At these meetings, Modi will take stock of the situation with regard to drought and water-scarcity that these states are facing, they said. UP, Maharashtra and Karnataka are worst hit by the twin problems.

    06 May 2016, 9.00 am  |  Source: PTI

  • Punjab government releases Rs 1,029 cr to wheat farmers

    Punjab government releases Rs 1,029 cr to wheat farmers  

    All transactions have been electronically documented and payments have been credited to the accounts of the commission agents/farmers, an official spokesperson said.

    06 May 2016, 9.00 am  |  Source: PTI

  • P&G March quarter profit rises 12% to Rs 97 crore

    P&G March quarter profit rises 12% to Rs 97 crore  

    P&G's net sales during the quarter under review was up 10.52 percent to Rs 613.23 crore as against Rs 554.84 crore in the year-ago period, it added.

    06 May 2016, 9.00 am  |  Source: PTI

  • Indiabulls Housing Finance to raise Rs 50 cr via debentures

    Indiabulls Housing Finance to raise Rs 50 cr via debentures  

    "The Company proposes to issue 500 secured non-convertible redeemable Debentures with a face value of Rs 10 lakh each aggregating to Rs 50 crores plus Greenshoe Option, on Private Placement basis," it said in a filing to BSE.

    06 May 2016, 9.00 am  |  Source: PTI

  • 100% FDI allowed in online retail under new rules: Centre to HC

    100% FDI allowed in online retail under new rules: Centre to HC  

    The submission was made before Justice Rajiv Sahai Endlaw by Additional Solicitor General (ASG) Sanjay Jain who said that in view of the March 29 press note, the plea of All India Footwear Manufacturers and Retailers Association a...

    06 May 2016, 9.00 am  |  Source: PTI

  • Confident of achieving 2020 sales, margin guidance: Infosys CEO

    Confident of achieving 2020 sales, margin guidance: Infosys CEO   

    In an interview to CNBC-TV18, Vishal Sikka, CEO & MD of Infosys says, innovation and automation will be crucial factors to achieve the company's 2020 revenue guidance of USD 20 billion.

    06 May 2016, 8.36 am  |  Source: CNBC-TV18

  • Aarti Drugs Q4 net up 9% at Rs 18.59 cr

    Aarti Drugs Q4 net up 9% at Rs 18.59 cr  

    The company had posted a net profit of Rs 17.03 crore for the corresponding period of the previous fiscal.

    06 May 2016, 8.02 am  |  Source: PTI

  • MCX Q4 net declines 45% to Rs 27 crore

    MCX Q4 net declines 45% to Rs 27 crore  

    The exchange had posted a net profit of Rs 49.30 crore in the same quarter of the 2014-15 fiscal.

    06 May 2016, 8.02 am  |  Source: PTI

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