Business News

MeraEvents launches MoozUp Lite  

24 May 2013, 4.25 pm  |  Source: Business Wire India

MeraEvents announces the official launch of MoozUp Lite, a platform that will help event organizers eliminate the need for printing agenda for their e...

MEF: Industry moves to enhance Ethernet for Cloud  

24 May 2013, 4.16 pm  |  Source: Business Wire India

CloudEthernet Forum addresses the specific issues of scaling and applying suitable Ethernet services to meet the stringent demands of delivering clou...

Etienne Benet to be Nestle India Managing Director  

24 May 2013, 4.00 pm  |  Source: PTI

Etienne Benet, the current chief executive officer of Nestle central and west africa region would take over as the managing director of the company fr...

Hotel Leela plans to cut down debt substantially in FY14   

24 May 2013, 3.57 pm  |  Source: CNBC-TV18

Vivek Nair of Hotel Leela is hopeful that the decision by cabinet committee on infrastructure to include hotels in the rural areas under their infrast...

UB Holdings up on TV reports about stake sale ruling  

24 May 2013, 3.31 pm  |  Source: Reuters

Shares in United Breweries Holdings Ltd jump 9.9 percent after CNBC-TV18 and ET Now reported the Karnataka High Court has allowed UBHL to sell its sha...

Karnataka High Court allows UB Holdings sell shrs to Diageo   

24 May 2013, 2.56 pm  |  Source: CNBC-TV18

Karnataka High Court has allowed United Breweries Holdings to sell shares to Diageo and Religare, CNBC-TV18 reported on Friday. UB Holdings, though, w...

Cap goods cos must aim exports post rupee fall: Ravi Kumar   

24 May 2013, 1.51 pm  |  Source: CNBC-TV18

Capital goods companies needs to focus on export post rupee fall especially when demand in domestic market is abysmally low due to sullen economic env...

Hopeful of maintaining profit from tolling segment: PTC   

24 May 2013, 1.32 pm  |  Source: CNBC-TV18

PTC India reported 23 percent growth in profit at Rs 37 crore vs Rs 30.1 crore in a year ago period. CMD, Deepak Amitabh is hopeful of maintaining gro...

GMC Inspire to improve PostConnect communication capability  

24 May 2013, 1.31 pm  |  Source: Business Wire India

GMC Software Technology, announces that through its partner ReDigital, has entered into a contract with PostConnect, the end-to-end data, insight and ...

Wireless Seismic sells RT System 2 to West Bay Geophysical  

24 May 2013, 1.12 pm  |  Source: Business Wire India

Wireless Seismic, Inc., the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, has announced...

Jet Airways shareholders approve Etihad deal  

24 May 2013, 1.11 pm  |  Source: Reuters

Jet Airways, however, deferred seeking shareholder approval for a new set of "Articles of Association" as it awaits regulatory clarity, Company Secret...

Citi maintains 'buy' on Dish TV, target Rs 77  

24 May 2013, 12.33 pm  |  Source: Moneycontrol.com

Citi has maintained its ‘buy' rating on Dish TV India with a price target of Rs 77. Dish TV remains top pick in the Indian media space for Citi. ...

Jefferies retains 'underperform' on State Bank of India  

24 May 2013, 12.05 pm  |  Source: Moneycontrol.com

Jefferies has retained its 'underperform' rating on State Bank of India post fourth quarter results. Provision expenses were higher as SBI wrote-off a...

Wockhardt tanks on import alert; Macquarie, Citi cut target  

24 May 2013, 12.02 pm  |  Source: Moneycontrol.com

Wockhardt, which hit the lower 20 percent circuit on Thursday, plunged further 18 percent in opening trades on Friday. The US FDA has issued an import...

From Ranbaxy to Daiichi Sankyo: The start-to-scrap story  

24 May 2013, 11.51 am  |  Source: Moneycontrol.com

Ranbaxy Laboratories was started by two Indians Ranjit Singh and Gurbax Singh. Ranbaxy pleaded guilty to felony charges related to drug safety and agr...

Daiichi Sankyo's claims false, baseless: Malvinder Singh  

24 May 2013, 11.45 am  |  Source: PTI

Malvinder Singh ,the ex- promoter of Ranbaxy claims that Daiichi Sankyo's allegations are baseless. He denied that they concealed any fact or falsify...

Celgene announces USFDA grants Priority Review for ABRAXANE  

24 May 2013, 11.27 am  |  Source: Business Wire India

Celgene International Sàrl announced that the US Food and Drug Administration has assigned a Priority Review designation to the supplemental New Drug...

P&G says won't renew contract mfg deal with JHS in Himachal  

24 May 2013, 11.03 am  |  Source: PTI

Procter &Gamble cites financial instability of JHS as the majot reason for not renewing the contract mfg deal with JHS in Himachal Pradesh. The cont...

Glenmark slips 4% as co recalls 3 `odd odour' drugs from US  

24 May 2013, 10.58 am  |  Source: Moneycontrol.com

Glenmark Pharma's generics arm has recalled multiple lots of three drugs from the US market due to an odd smell, according to the US drug regulator. T...

Tata Steel says no assets up for sale in Europe  

23 May 2013, 11.12 pm  |  Source: Reuters

Tata Steel has put no European assets up for sale, following a USD 1.6 billion writedown for the region in the past financial year due to weak demand....

Cannot comment on charges against Ranbaxy: Thakur    

23 May 2013, 10.38 pm  |  Source: CNBC-TV18

Dinesh Thakur, the Ranbaxy whistleblower, says he have no basis to comment on Daiichi Sankyo's decision to sue the Singh family for concealment and mi...

JSW Steel eyes coal mines in Africa, US and Canada  

23 May 2013, 9.34 pm  |  Source: PTI

JSW Steel Ltd is looking to acquire coal mines in Africa, US and Canada, a senior company official said today....

Naresh Goyal buys 29% stake in Jet from promoter entity  

23 May 2013, 9.30 pm  |  Source: PTI

Jet Airways chairman Naresh Goyal today picked up over 29 percent stake in the private carrier from another promoter entity for about Rs 1,434 crore....

SBI to invest in high quality stocks only: Chaudhuri  

23 May 2013, 9.17 pm  |  Source: PTI

Country's largest lender State Bank of India (SBI) will invest in high quality stocks only which have good trading volumes and less volatility, Chairm...

Exim Bank FY13 net jumps 10% to Rs 742 cr  

23 May 2013, 8.48 pm  |  Source: PTI

Exim Bank's total business crossed Rs 1,37,774 crore during the year. It reported a 10 percent rise in net profit at Rs 742 crore for the fiscal year ...

ChrysCapital to buy 10-12% stake in CavinKare: Sources  

23 May 2013, 8.44 pm  |  Source: CNBC-TV18

CavinKare plans to sell 10-12% stake in its FMCG business to private equity player ChrysCapital for Rs 350 crore, according to sources....

JSW Steel confident of 9-10% growth in FY14 crude steel   

23 May 2013, 7.49 pm  |  Source: CNBC-TV18

JSW Steel is confident of meeting its guidance of 9-10% growth in crude steel given the higher avilability of iron ore. ...

Wockhardt says USFDA import alert could impact biz by $100m  

23 May 2013, 6.43 pm  |  Source: PTI

Shares of the Mumbai based Wockhardt today tanked by 20 percent to close at Rs 1,315.25. Wockhardt Chairman Habil Khorakiwala said import alert could ...

Will strive to get ARPU of Rs 175 in FY14: Dish TV   

23 May 2013, 6.41 pm  |  Source: CNBC-TV18

Dish TV India will strive to improve its average revenue per user to Rs 175 going ahead, says Jawahar Goel, MD, Dish TV....

Wockhardt tanks 20% on US FDA import alert   

23 May 2013, 6.10 pm  |  Source: Moneycontrol.com

The US drug regulator has issued an import alert on Wockhardt's facility at Aurangabad in Maharashtra. The stock closed down 20 percent, its lower cir...