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  • Crisil assigns ratings to Sterlite Power`s InvIT

    Crisil assigns ratings to Sterlite Power's InvIT  

    Ratings agency Crisil has assigned its first rating CCR AAA to the Rs 2,500 crore InvIT by Sterlite Power Grid Ventures (SPGVL) which has been given approved by market regulator Sebi.

    04 Dec 2016, 2.58 pm  |  Source: PTI

  • Jan Dhan deposits stabilise; get Rs 1,487 cr in 7 days

    Jan Dhan deposits stabilise; get Rs 1,487 cr in 7 days  

    The big surge in deposits into Jan Dhan accounts after the demonetisation seems to be stabilising now as just Rs 1,487 crore has been parked in them over 7 days to November 30, as against Rs 8,283 crore in the previous week.

    04 Dec 2016, 2.58 pm  |  Source: PTI

  • BigBasket eyes Rs 2Kcr rev this fiscal; profits by Mar `18

    BigBasket eyes Rs 2Kcr rev this fiscal; profits by Mar '18  

    With people becoming comfortable buying even milk and bread online, e-grocery platform BigBasket today said it has seen 300 per cent growth in revenue in the past one year and expects to cross the Rs 2,000 crore-milestone by the f...

    04 Dec 2016, 2.26 pm  |  Source: PTI

  • US-based bathing brand NoRinse eyes $2 mn India sales by Mar`17

    US-based bathing brand NoRinse eyes $2 mn India sales by Mar'17  

    US-based waterless bathing brand NoRinse, which entered India earlier this year, is eyeing a turnover of USD 2 million by March 2017.

    04 Dec 2016, 2.14 pm  |  Source: PTI

  • Retailers asked to accept old Rs 500 note for recharges: COAI

    Retailers asked to accept old Rs 500 note for recharges: COAI  

    Amid complaints about non-acceptance of old Rs 500 notes for mobile recharges at some places, cellular operators body COAI has said the companies have given strict guidelines to accept these notes from customers but retailers and ...

    04 Dec 2016, 2.14 pm  |  Source: PTI

  • ONGC crosses daily production target; revises annual goal

    ONGC crosses daily production target; revises annual goal  

    State-run oil behemoth ONGC has crossed its daily production target of 16,200 tonnes per day and has accordingly revised its annual goal upward to 5.9 million tonnes for this fiscal.

    04 Dec 2016, 2.14 pm  |  Source: PTI

  • India takes pride of place, crosses $300 bn FDI milestone

    India takes pride of place, crosses $300 bn FDI milestone  

    India crossed the USD 300 billion foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Tata Housing enters Noida market, ties up with Lotus Greens

    Tata Housing enters Noida market, ties up with Lotus Greens  

    Expanding presence in Delhi-NCR,Tata Group's real estate arm Tata Housing has forayed into the Noida market by partnering with local builder Lotus Greens for a housing project.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Tata Golobal Bev expects Q3 sales hit following demonetisation

    Tata Golobal Bev expects Q3 sales hit following demonetisation  

    Tata Global Beverages Ltd (TGBL) may see some impact on sales in the ongoing Oct-Dec quarter due to destocking of products following the government's surprise demonetisation move.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Infra bottlenecks put investors in wait and watch mode

    Infra bottlenecks put investors in wait and watch mode  

    Even as the government is going all-out to attract FDI in the infrastructure space, foreign investors are adopting a wait and watch approach, BMI Research said in a report.

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • Jio opposed to PoI discussion at association forum: COAI

    Jio opposed to PoI discussion at association forum: COAI  

    Mobile operators' association COAI has told a parliamentary panel that its efforts to anchor a meeting over contentious inter-connect issue failed to take off after Jio held that its intervention is not warranted on a "bilateral m...

    04 Dec 2016, 1.22 pm  |  Source: PTI

  • India extends steel floor price to Feb 4 to curb cheap imports

    India extends steel floor price to Feb 4 to curb cheap imports  

    India has yet again extended the floor price of imports of steel products for a further two months as the government tries to protect the domestic industry from cheap overseas shipments, especially from China.

    04 Dec 2016, 1.11 pm  |  Source: Reuters

  • Info Edge ups stake in VCare Tech to 14.77%

    Info Edge ups stake in VCare Tech to 14.77%  

    Info Edge (India) Ltd, which owns leading job listings website Naukri.com, today said it has invested an additional Rs 10 million in VCare Technologies, taking its total stake in the company to 14.77 per cent.

    04 Dec 2016, 12.58 pm  |  Source: PTI

  • Demonetisation: Mixed impact on leisure travel

    Demonetisation: Mixed impact on leisure travel  

    Demonetisation of Rs 1,000 and Rs 500 notes by the Centre has had a mixed impact on leisure travel to foreign countries.

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Passenger vehicle sales to grow 7-9% in 2017: Fitch

    Passenger vehicle sales to grow 7-9% in 2017: Fitch  

    Passenger vehicle (PV) sales in India is likely to grow in the range of 7-9 per cent next year on the back of low fuel prices and an accommodative monetary policy stance by the Reserve Bank of India, according to global rating fir...

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • DS Group eyes 20-24% revenue growth this fiscal

    DS Group eyes 20-24% revenue growth this fiscal  

    Diversified firm Dharampal Satyapal Group (DS Group) expects its revenue to grow by 20-24 percent this fiscal with food and beverage and mouth freshener businesses driving the growth.

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Note ban likely to generate heat in Maharashtra winter session

    Note ban likely to generate heat in Maharashtra winter session  

    Buoyed by the party's success in local body polls, the BJP-led government will enter the Winter session of Maharashtra Assembly with confidence but the opposition will seek to put it on mat over key issues like the problems being ...

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Voylla eyes Rs 300 crore turnover in 2-3 yrs

    Voylla eyes Rs 300 crore turnover in 2-3 yrs  

    Fashion jewellery brand Voylla is eyeing up to Rs 300-crore turnover in 2-3 years as it builds its retail presence across the country.

    04 Dec 2016, 12.12 pm  |  Source: PTI

  • Rail projects worth over Rs 60,000 cr with state participation

    Rail projects worth over Rs 60,000 cr with state participation  

    As many as 16 states have responded till now to Railways' offer of sharing cost of about 40 projects worth over Rs 60,000 crore for speed implementation of laying new lines and development of stations among others.

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Demonetisation will push GDP growth to 10%: Meghwal

    Demonetisation will push GDP growth to 10%: Meghwal  

    Demonetisation will lead to a spurt in economic activity, which will in turn push GDP growth to 10 per cent, Union minister Arjun Ram Meghwal has said.

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Centre, states to list industries for cashless wage payment

    Centre, states to list industries for cashless wage payment  

    Aiming to move towards a cashless India, the Centre and states could soon have powers to specify categories of employers who will have to pay wages either through cheques or by crediting the amount directly into the workers' bank ...

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Govt unlikely to implement DBT in kerosene

    Govt unlikely to implement DBT in kerosene  

    Unlike LPG, the government may not push for the implementation of DBT in kerosene as the benefit on the fuel will prove to be a "dying subsidy" thanks to small doses of monthly rate hikes bridging price gap with market.

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Govt must up public expenditure to push consumption: Assocham

    Govt must up public expenditure to push consumption: Assocham  

    Arguing that private consumption will take a "significant hit" at least in the next two quarters following demonetisation, Assocham today said the government should jack up its public expenditure in 2016-17.

    04 Dec 2016, 11.16 am  |  Source: PTI

  • Depositing black money in banks will not make it white: FM

    Depositing black money in banks will not make it white: FM  

    "By just depositing it (unaccounted money), you don't avoid the responsibility of paying tax," he said when asked about surge in deposits in banks following withdrawal of high denomination currency notes.

    03 Dec 2016, 7.00 pm  |  Source: PTI

  • Centre-state discord on GST dual control worries India Inc: KPMG

    Centre-state discord on GST dual control worries India Inc: KPMG   

    The impasse is a matter of concern for the corporates, who feel it may destabilise the economy and hurt business, said Sachin Menon, Head Of Indirect Tax, KPMG.

    03 Dec 2016, 6.47 pm  |  Source: CNBC-TV18

  • Petrol pumps get into digital overdrive, play up wallets

    Petrol pumps get into digital overdrive, play up wallets  

    Over 4,800 petrol pumps across the country are dispensing Rs 2,000 per card a day through POS machine swipes and have dispensed Rs 65 crore in the past two weeks.

    03 Dec 2016, 6.10 pm  |  Source: PTI

  • Go digital, even beggar using swipe machine: PM

    Go digital, even beggar using swipe machine: PM  

    "I don't know how far it is true but there is a video going viral on Whatsapp of a beggar being told by a man that though he wanted to help, he does not have change," Modi told BJP's Parivartan Rally here.

    03 Dec 2016, 6.10 pm  |  Source: PTI

  • Deadlock on GST dual control continues; fingers crossed: Jaitley

    Deadlock on GST dual control continues; fingers crossed: Jaitley   

    Consensus on dual control eluded the second day of the GST Council meeting as states and the Centre failed to stitch together a deal. The Council, headed by Finance Minister Arun Jaitley, will now meet on December 11 and 12 to try...

    03 Dec 2016, 5.16 pm  |  Source: Moneycontrol.com

  • Kolte Patil Developers Q2 net profit up 54% at Rs 19 cr

    Kolte Patil Developers Q2 net profit up 54% at Rs 19 cr  

    Realty firm Kolte Patil Developers Ltd today reported 54 per cent increase in consolidated net profit at Rs 19.32 crore for the quarter ended September 30.

    03 Dec 2016, 3.42 pm  |  Source: PTI

  • Watch: Why your grocery has not become cheaper yet?

    Watch: Why your grocery has not become cheaper yet?   

    Demonetisation has hit the vegetable market hard - right from the farmer to the wholesaler and eventually the vegetable vendor. But why has the rate you are paying for your groceries not fallen? Watch what Meghnad Bose discovered ...

    03 Dec 2016, 3.35 pm  |  Source: CNBC-TV18

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