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Business

  • Why India is not the new China

    Why India is not the new China  

    The South Asian country logged 7.1 percent gross domestic product (GDP) growth in the first quarter of the current fiscal year, down from 7.9 percent in the preceding quarter, data released late on Wednesday showed.

    01 Sep 2016, 9.32 am  |  Source: CNBC

  • Don`t see cement price fall or earnings hit post CCI order: Pros

    Don't see cement price fall or earnings hit post CCI order: Pros  

    The Competition Commission of India (CCI) on Wednesday imposed Rs 6,700 crore penalty on 11 cement companies and their lobby group Cement Manufacturers Association (CMA) for alleged cartelization and price collusion.

    01 Sep 2016, 9.31 am  |  Source: CNBC-TV18

  • MCX Q1 net profit up 55% at Rs 33 cr

    MCX Q1 net profit up 55% at Rs 33 cr  

    Income from operations increased to Rs 62.98 crore in the first quarter of 2016-17 from Rs 56.21 crore in the year-ago period.

    01 Sep 2016, 8.44 am  |  Source: PTI

  • KEC International wins contracts worth Rs 1,224 cr

    KEC International wins contracts worth Rs 1,224 cr  

    "KEC International Ltd (KEC)..., an RPG Group company has secured new orders of Rs 1,224 crore," the company said in a statement.

    01 Sep 2016, 8.42 am  |  Source: PTI

  • SAIL to raise up to Rs 5,000 cr for modernisation programmes

    SAIL to raise up to Rs 5,000 cr for modernisation programmes  

    SAIL will approach shareholders to allow its Board to make offer "to raise funds through private placement of Secured Non-convertible Debentures/Bonds of up to Rs 5,000 crore, during a period of one year from the date of this AGM....

    01 Sep 2016, 8.30 am  |  Source: PTI

  • CBDT streamlines tax assessment for foreign shipping cos

    CBDT streamlines tax assessment for foreign shipping cos  

    The Central Board of Direct Taxes (CBDT) has issued a circular that deals with streamlining the process of issue of No Objection Certificate (NOC), Port Clearance Certificate (PCC), Voyage Return and Voyage Assessment in case of f...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Karnataka govt convenes special session to ratify GST Bill

    Karnataka govt convenes special session to ratify GST Bill  

    "One day special session of both the houses of the state legislature will be held on September 14 at 11 am in Bengaluru to table the Goods and Service Tax (GST) Bill," Law and Parliament Affairs Minister T B Jayachandra said in a ...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • `Govt has brought down price of pulses to Rs 100 from Rs 200`

    'Govt has brought down price of pulses to Rs 100 from Rs 200'  

    The party's national secretary Sidharth Nath Singh said the crackdown on hoarders and increase in minimum support prices of pulses besides other measures have resulted in the fall in prices of the staple food.

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Sameer Gaur quits as Jaypee Infratech Joint MD

    Sameer Gaur quits as Jaypee Infratech Joint MD  

    "The Board of Directors has accepted the resignation submitted by Sameer Gaur, due to some personal unavoidable circumstances, from the office of Whole-time Director/Joint Managing Director of the company," Jaypee Infratech said i...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • CPPIB gets RBI nod for raising stake in Kotak Bank

    CPPIB gets RBI nod for raising stake in Kotak Bank  

    "The Reserve Bank of India has informed that it has granted approval to CPPIB for acquiring shares in excess of 5 percent and below 10 percent of the paid up capital of the bank," Kotak Mahindra Bank said in a regulatory filing to...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Ambani may give update on 4G services at RIL AGM today

    Ambani may give update on 4G services at RIL AGM today   

    Reliance Industries chief Mukesh Ambani is likely to give an update tomorrow on Jio's 4G launch and signal culmination of the USD 42-billion capex cycle it had earmarked for its other businesses three years ago.

    01 Sep 2016, 8.00 am  |  Source: PTI

  • Industry expects economy to grow at healthier pace

    Industry expects economy to grow at healthier pace  

    According to Assocham Secretary General D S Rawat, while a durable pick-up in investment activity remains elusive, consumption will continue to provide the main support to aggregate demand and Indian economy may grow at a healthie...

    01 Sep 2016, 7.52 am  |  Source: PTI

  • Uber partners with Telangana for `Own Your Car` scheme

    Uber partners with Telangana for 'Own Your Car' scheme  

    The US-based company, which connects drivers and riders, today announced its association with Backward Classes Welfare Corporation and Tribal Welfare Corporation in this regard.

    01 Sep 2016, 7.52 am  |  Source: PTI

  • New Indian Overseas Bank CEO to be named by Friday: Vinod Rai

    New Indian Overseas Bank CEO to be named by Friday: Vinod Rai  

    "The selection of the new CEO & MD of IOB was made long time back and there was a particular issue on which it got held up and now that has been clarified.

    01 Sep 2016, 7.52 am  |  Source: PTI

  • Growth will be stifled if banks stop infra lending: Rai

    Growth will be stifled if banks stop infra lending: Rai  

    Exhorting lenders to analyse the root cause of the bad loans problem, Banks Board Bureau Chairman Vinod Rai today said there is need for a "banking redux" where sectors like infrastructure restart getting credit, failing which "w...

    31 Aug 2016, 10.28 pm  |  Source: PTI

  • How Paytm is an investor`s darling

    How Paytm is an investor's darling   

    Paytm has raised USD 60 million from a fund owned by Chinese chip-set maker Mediatek as part of its yet-to-conclude USD 300-million fundraising round -- and that pegs Paytm's valuation at USD 4.8 billion.

    31 Aug 2016, 9.58 pm  |  Source: CNBC-TV18

  • Rajesh Exports gets Rs 1,172-cr job order from Singapore

    Rajesh Exports gets Rs 1,172-cr job order from Singapore  

    Rajesh Exports has bagged an export order of Rs 1,172 crore of designer range of gold and diamond-studded jewelry and medallions from Singapore.

    31 Aug 2016, 9.54 pm  |  Source: PTI

  • Petrol prices hiked by Rs 3.38 a litre, diesel up by Rs 2.67

    Petrol prices hiked by Rs 3.38 a litre, diesel up by Rs 2.67  

    Petrol price was today hiked by a steep Rs 3.38 per litre and diesel by Rs 2.67 a litre, reversing a two-month declining trend.

    31 Aug 2016, 9.30 pm  |  Source: PTI

  • CCI slaps over Rs 6,700 crore fine on 11 cement cos

    CCI slaps over Rs 6,700 crore fine on 11 cement cos   

    Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

    31 Aug 2016, 8.28 pm  |  Source: PTI

  • Hero MotoCorp to launch 15 new products in FY17

    Hero MotoCorp to launch 15 new products in FY17  

    Commenting on new manufacturing units, Munjal said that its upcoming plant in Gujarat will become operational in the third quarter of this fiscal.

    31 Aug 2016, 8.14 pm  |  Source: PTI

  • DIPP for reconsideration of stainless steel QC order: PPMAI

    DIPP for reconsideration of stainless steel QC order: PPMAI  

    Process Plant and Machinery Association of India (PPMAI) said DIPP, under the Commerce Ministry, has also urged for granting more time before implementing the QC order.

    31 Aug 2016, 8.10 pm  |  Source: PTI

  • Airtel deploys 4G Advanced tech in Mumbai to rev up data speed

    Airtel deploys 4G Advanced tech in Mumbai to rev up data speed  

    The technology will allow customers with 4G Advanced mobile devices to enjoy data speeds of up to 135 mbps, a company release said.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Andhra Bank launches UPI app for Android smartphones

    Andhra Bank launches UPI app for Android smartphones  

    Andhra Bank One-UPI App aims at creating less cash and more digital-driven society, the Goverment-run lender said in a statement here.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Indo Rama Synthetics Q1 loss at Rs 16.56 cr

    Indo Rama Synthetics Q1 loss at Rs 16.56 cr  

    The company had posted a net profit of Rs 5.86 crore in the corresponding period a year ago, Indo Rama Synthetics said in a BSE filing.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • GDP slowdown in Q1 due to higher subsidy outgo: Das

    GDP slowdown in Q1 due to higher subsidy outgo: Das   

    The Gross Domestic Product (GDP) growth data is calculated under the new methodology at market price, while GVA is calculated primarily at factor cost. GDP is GVA plus taxes on products minus subsidies on them.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Uniply acquires Vector Projects for Rs 64 crore

    Uniply acquires Vector Projects for Rs 64 crore  

    Uniply Industries Ltd, a leading plywood and laminate manufacturer, today announced the acquisition of 100 per cent equity in Vector Projects for a consideration of Rs 64.12 crore in a cash and share deal.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Govt suggests auto industry to widen vehicle portfolio

    Govt suggests auto industry to widen vehicle portfolio  

    Government today suggested the auto industry to widen its portfolio into various other specialised sectors such as in mining and infrastructure.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • RBI Guv went with majority view on status quo in Aug meet

    RBI Guv went with majority view on status quo in Aug meet  

    Reserve Bank Governor Raghuram Rajan, in his last monetary policy review on August 9, sided with four of the five members of the Technical Advisory Committee that recommended to leave interest rates on hold, citing sticky inflatio...

    31 Aug 2016, 7.32 pm  |  Source: PTI

  • ICICI Venture, Apis Partners buy minority stake in Star Health

    ICICI Venture, Apis Partners buy minority stake in Star Health  

    A minority stake in Star Health has been acquired by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP and India Advantage Fund Series 4, a private equity fund managed by ICICI Venture, in a deal syndicated by...

    31 Aug 2016, 7.32 pm  |  Source: PTI

  • Century prepones Punjab plant launch; close Nesta stores

    Century prepones Punjab plant launch; close Nesta stores  

    Century Plyboards today said it has decided to prepone commencement of Rs 390-crore medium density fibreboard (MDF) plant at Hoshiarpur in Punjab to March next year after a request from the state government.

    31 Aug 2016, 7.30 pm  |  Source: PTI

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