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Business News

  • Big bucks vs peanuts: Govt employees to drive consumption story

    Big bucks vs peanuts: Govt employees to drive consumption story  

    Government sector employees will have more money this fiscal year, thanks to the Seventh Pay Commission pay increases. And they will contribute better to the consumption story than private sector employees who will have to live wi...

    30 Apr 2016, 2.10 pm  |  Source: Moneycontrol.com

  • Indian IT firm Kellton Tech to set up base in Ireland

    Indian IT firm Kellton Tech to set up base in Ireland  

    Hyderabad-based Kellton Tech will set up its EMEA (Europe, the Middle East and Africa) headquarters in Drogheda on the east coast of Ireland.

    30 Apr 2016, 2.04 pm  |  Source: PTI

  • India emerging as bright spot, says BHEL CMD

    India emerging as bright spot, says BHEL CMD  

    Atul Sobti, who presided over the 12th convocation of Motilal Nehru National Institute of Technology (MNNIT) Allahabad as the chief guest, in his convocation address said that "India is emerging as a bright spot while the youth of...

    30 Apr 2016, 1.40 pm  |  Source: PTI

  • Suzlon arm AERH redeems bonds worth $590.4 mn

    Suzlon arm AERH redeems bonds worth $590.4 mn  

    The bonds were backed by SBLC (standby letter of credit) from various lenders including State Bank of India (SBI).

    30 Apr 2016, 1.40 pm  |  Source: PTI

  • Idea Mobile Commerce to merge with Aditya Birla Idea Payments

    Idea Mobile Commerce to merge with Aditya Birla Idea Payments  

    Telecom operator Idea Cellular in a regulatory filing said that it has taken note of the approval of a draft scheme of amalgamation by the board of directors of its wholly owned subsidiary Idea Mobile Commerce Services Limited (IM...

    30 Apr 2016, 1.18 pm  |  Source: PTI

  • NPPA fixes ceiling price of 54 drug formulations

    NPPA fixes ceiling price of 54 drug formulations  

    "National Pharmaceutical Pricing Authority (NPPA) has fixed/revised ceiling prices of 54 scheduled formulations of Schedule-I under Drugs (Price Control) Amendment Order, 2016 and retail price of two formulations under DPCO, 2013,...

    30 Apr 2016, 1.16 pm  |  Source: PTI

  • SIDBI signs MoU with Saarc Development Fund

    SIDBI signs MoU with Saarc Development Fund  

    The MoU envisages SDF and SIDBI to work together in co-funding of projects in Indian MSMEs on risk sharing basis in identified sectors, development of suitable financial products for SME financing for MSMEs of other Saarc states, ...

    30 Apr 2016, 1.16 pm  |  Source: PTI

  • Airtel share buy-back details post court order on Augere

    Airtel share buy-back details post court order on Augere  

    "The scheme of amalgamation of Augere Wireless Broadband India Private Limited, a wholly owned subsidiary with Bharti Airtel Limited, is under consideration for approval by the Hon'ble High Court of Delhi.

    30 Apr 2016, 12.36 pm  |  Source: PTI

  • Vodafone India mandates for up to $3 billion IPO

    Vodafone India mandates for up to $3 billion IPO  

    The IPO is expected to raise USD 2 billion–USD 3 billion, potentially smashing the Rs 155 billion (USD 2.3 billion) record of Coal India as the country’s largest float.

    30 Apr 2016, 12.17 pm  |  Source: Reuters

  • Lenders begin auction of brand Kingfisher, trademarks

    Lenders begin auction of brand Kingfisher, trademarks  

    Seeking to recover their dues from businessman Vijay Mallya, lenders have initiated an auction of various brands and trademarks of the long-grounded Kingfisher Airlines, including its once-famous tagline 'Fly The Goodtimes', but ...

    30 Apr 2016, 12.10 pm  |  Source: PTI

  • Pharma whistleblower: Consumers must question medicines` quality

    Pharma whistleblower: Consumers must question medicines' quality   

    The past few years have been rough of Indian pharma companies, what with the US FDA raking them over the coals over alleged manufacturing lapses and discrepancies.

    30 Apr 2016, 12.02 pm  |  Source: CNBC-TV18

  • Indian startups to secure increased funding in 2016

    Indian startups to secure increased funding in 2016  

    In the Young Turks startup deal tracker, CNBC-TV18's Adith Charlie brings in the details.

    29 Apr 2016, 10.26 pm  |  Source: CNBC-TV18

  • Indiabulls Housing Finance raises Rs 207 cr via NCDs

    Indiabulls Housing Finance raises Rs 207 cr via NCDs  

    Indiabulls Housing Finance today said it has raised Rs 207 crore by issuing non-convertible debentures on a private placement basis.

    29 Apr 2016, 9.56 pm  |  Source: PTI

  • Ashok Chawla tipped to take over as NSE chairman

    Ashok Chawla tipped to take over as NSE chairman  

    The National Stock Exchange (NSE) has nominated Ashok Chawla, the former head of the Competition Commission of India, to become its new chairman, three sources close to the matter told Reuters.

    29 Apr 2016, 8.57 pm  |  Source: Reuters

  • Kohli`s fashion brand WROGN to open 100 outlets in next 3 years

    Kohli's fashion brand WROGN to open 100 outlets in next 3 years  

    "WROGN is the new right. My style statement is very simple... be confident in what you are wearing and it will look good on you. You have to be comfortable in what you wear and you have to have the confidence to pull it off," says...

    29 Apr 2016, 8.08 pm  |  Source: PTI

  • Bharti Airtel Q4 result supports Baa3 ratings: Moody`s

    Bharti Airtel Q4 result supports Baa3 ratings: Moody's  

    The credit rating reflects ability of a company to repay debt. The Baa rating granted by Moody's indicates obligation on a firm are judged to be medium-grade and subject to moderate credit risk and as such may possess certain spec...

    29 Apr 2016, 8.08 pm  |  Source: PTI

  • Naidu to inaugurate 250-bed Apollo Hospital in Vizag tomorrow

    Naidu to inaugurate 250-bed Apollo Hospital in Vizag tomorrow  

    The medical facility, built at Health City in Arilova with a cost of Rs 150 crore, is one of the latest and the finest additions to Apollo Hospitals Group, said Pratap C Reddy, the company's Chairman.

    29 Apr 2016, 7.54 pm  |  Source: PTI

  • NCC inks pact to sell stake in SGPL for Rs 301 crore

    NCC inks pact to sell stake in SGPL for Rs 301 crore  

    NCC Infrastructure Holdings, a subsidiary of NCC Ltd, has entered into a share-sale agreement with Sembcorp Utilities Pvt Ltd, for sale of a part of the stake in Sembcorp Gayatri Power for Rs 301.26 crore.

    29 Apr 2016, 7.54 pm  |  Source: PTI

  • Skipper bags orders worth Rs 135 cr from Power Grid

    Skipper bags orders worth Rs 135 cr from Power Grid  

    Looking to bag orders worth Rs 300 crore from Power Grid Corporation of India, Skipper Ltd today said it has secured contracts worth Rs 135 crore from the state-run firm and is expecting confirmation for the rest.

    29 Apr 2016, 7.52 pm  |  Source: PTI

  • Housing demand may pick up in next six months: Knight Frank

    Housing demand may pick up in next six months: Knight Frank  

    Housing demand is expected to pick up in next six months as sentiments have improved after the government announced tax incentives to the real estate sector in this year's budget, according to a survey.

    29 Apr 2016, 7.48 pm  |  Source: PTI

  • Flipkart unlikely to issue IPO anytime soon: Sachin Bansal

    Flipkart unlikely to issue IPO anytime soon: Sachin Bansal   

    Sachin Bansal, Co-Founder of Flipkart, believes that companies should stay private as long as they can and should carry out fund raising when there is availability of funds.

    29 Apr 2016, 7.09 pm  |  Source: CNBC-TV18

  • Datsun `redi-Go` priced at Rs 2.5 lakh; bookings open on May 1

    Datsun 'redi-Go' priced at Rs 2.5 lakh; bookings open on May 1  

    Japanese auto major Nissan has priced its compact car redi-GO, under the Datsun brand, between Rs 2.5 lakh and 3.5 lakh.

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • Ban on big diesel cars not going to reduce air pollution: SIAM

    Ban on big diesel cars not going to reduce air pollution: SIAM  

    A day ahead of the Supreme Court hearing on ban on big diesel cars and SUVs in the Capital and NCR, auto industry body SIAM today said such restriction is not going to achieve the desired objective of reducing pollution and wi...

    29 Apr 2016, 6.26 pm  |  Source: PTI

  • HDFC Bank plans to raise Rs 50,000 cr via bonds

    HDFC Bank plans to raise Rs 50,000 cr via bonds  

    Private sector lender HDFC Bank today said it plans to raise Rs 50,000 crore through bonds over one year to fund business growth.

    29 Apr 2016, 6.20 pm  |  Source: PTI

  • Quantum of CDR sees fourfold jump in less than 5 yrs

    Quantum of CDR sees fourfold jump in less than 5 yrs  

    Government today said the quantum of corporate debt restructuring (CDR) has grown about fourfold in less than five years.

    29 Apr 2016, 4.54 pm  |  Source: PTI

  • Force Motors now the largest vanmaker in the country: MD

    Force Motors now the largest vanmaker in the country: MD   

    In an interview to CNBC-TV18 after reporting its fourth quarter earnings, Firodia said the traveller products division did very well with vehicles business contributing about 70 percent to growth and balance 30 percent coming from...

    29 Apr 2016, 4.51 pm  |  Source: CNBC-TV18

  • `Govt examining petition for duty on Chinese tyre imports`

    'Govt examining petition for duty on Chinese tyre imports'  

    Influx of cheap imports from China have led the Government to consider imposing anti-dumping duty on Chinese tyres.

    29 Apr 2016, 4.24 pm  |  Source: PTI

  • Saregama`s download-to-pay ratio highest in industry: MD

    Saregama's download-to-pay ratio highest in industry: MD   

    In an interview with CNBC-TV18, Vikram Mehra, MD, Saregama said that the music business contributes to 65 percent of company’s revenue where the television business brings 35 percent.

    29 Apr 2016, 4.13 pm  |  Source: CNBC-TV18

  • GMR Infra likely to sell stake in energy subsidiary

    GMR Infra likely to sell stake in energy subsidiary   

    CNBC-TV18 learns that a foreign strategic investor is close to picking a minority stake of 30 percent through fresh equity issuance in GMR Energy for Rs 1,500 crore.

    29 Apr 2016, 4.11 pm  |  Source: CNBC-TV18

  • Airtel, Vodafone, Tata Tele seeking spectrum liberalisation: Min

    Airtel, Vodafone, Tata Tele seeking spectrum liberalisation: Min  

    "Reliance Communications (RCL) and Tata Teleservices have applied for liberalisation of spectrum in 800 Mhz band in 20 licensed service areas (LSAs) and 2 LSAs, respectively," Telecom Minister Ravi Shankar Prasad said in a written...

    29 Apr 2016, 4.00 pm  |  Source: PTI

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