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Budget 2017

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Business News

  • Don`t interfere in real estate sector: Adi Godrej to govt

    Don't interfere in real estate sector: Adi Godrej to govt  

    "No. Nothing," he replied when asked if he thought that the government needs to do something as some argue that real estate and gold are among the biggest generators of unaccounted wealth.

    16 Jan 2017, 3.12 pm  |  Source: PTI

  • Higher service tax rate to be passed on to customers:Thomas Cook

    Higher service tax rate to be passed on to customers:Thomas Cook   

    With service tax rate increasing to 60 percent from 40 percent, cost to the consumer will go up, said Thomas Cook COO, Mahesh Iyer. The new tax will be effective from January 22.

    16 Jan 2017, 3.10 pm  |  Source: CNBC-TV18

  • Retain target of 10% sales from exports for 2020: Pawan Munjal

    Retain target of 10% sales from exports for 2020: Pawan Munjal   

    Many global markets are slowing down, size of the motorcycles market has decreased but Pawan Munjal, Managing Director of Hero Motocorp believes this is a temporary phase and will pass..

    16 Jan 2017, 2.53 pm  |  Source: CNBC-TV18

  • Total PE into real estate jumps 62% to Rs 38,000 cr in 2016

    Total PE into real estate jumps 62% to Rs 38,000 cr in 2016  

    Funds amounting to Rs 23,500 crore were pumped into realty by PE investors in 2015, as per the latest data compiled by global real estate services major JLL India.

    16 Jan 2017, 2.52 pm  |  Source: PTI

  • Danone to double India biz by 2020, lines up 10 new products

    Danone to double India biz by 2020, lines up 10 new products  

    The company, which today launched its global flagship infant nutrition brand 'Aptamil' In India, is also looking to leverage on its Indian manufacturing operations to export to neighbouring countries such as Nepal, Bangladesh and ...

    16 Jan 2017, 2.52 pm  |  Source: PTI

  • Entertainment to move to smaller screens at TV`s expense(Report)

    Entertainment to move to smaller screens at TV's expense(Report)  

    The report considers India to be at the cusp of change in terms of content viewing pattern with inclination (currently more from urban consumers) to watch content on small screen (smartphones/tablets) rather than on TV.

    16 Jan 2017, 2.44 pm  |  Source: Moneycontrol.com

  • Great Eastern Shipping to raise 500 crore via NCD

    Great Eastern Shipping to raise 500 crore via NCD  

    "The Debenture Issue Committee at its meeting held on January 16, 2017 has approved the issue of 5,000 Unsecured Non-Convertible Debentures of Rs 10 lakh each aggregating to Rs 500 crore by way of private placement," Great Eastern...

    16 Jan 2017, 2.40 pm  |  Source: PTI

  • NCLT set to pass order on Tata-Mistry case on Jan 18

    NCLT set to pass order on Tata-Mistry case on Jan 18  

    The ousted Chairman of Tata Sons, Cyrus Mistry, had moved the NCLT against Tata Sons for oppression and mismanagement of Tata Sons under the Companies Act on December 22.

    16 Jan 2017, 2.00 pm  |  Source: Moneycontrol.com

  • Looking to raise Rs 40 cr via preferential issue: Vikas Ecotech

    Looking to raise Rs 40 cr via preferential issue: Vikas Ecotech   

    Promoters of Vikas Ecotech will not be participating in the preferential issue and the stake of promoters will reduce to 42 percent from 43.5 percent post the allotment, said MD Vikas Garg.

    16 Jan 2017, 1.53 pm  |  Source: CNBC-TV18

  • `Good response to dosa burger, McDonald`s sales set to double`

    'Good response to dosa burger, McDonald's sales set to double'   

    Speaking to CNBC-TV18, Amit Jatia, Vice Chairman of Westlife Development, the fast food chain's master franchisee, said prices would increase 3-5 percent this year but would remain affordable.

    16 Jan 2017, 1.24 pm  |  Source: CNBC-TV18

  • Richest 1% own 58% of total wealth in India: Oxfam

    Richest 1% own 58% of total wealth in India: Oxfam  

    The study, released by rights group Oxfam ahead of the World Economic Forum (WEF) annual meeting here attended by rich and powerful from across the world, showed that just 57 billionaires in India now have same wealth (USD 216 bil...

    16 Jan 2017, 12.08 pm  |  Source: PTI

  • Eyeing 5,000-5,200 km of projects by the end of fiscal: NHAI

    Eyeing 5,000-5,200 km of projects by the end of fiscal: NHAI   

    National Highways Authority of India (NHAI) plans to award 10-15 percent more projects this year compared to FY16, said Yudhvir Singh Malik, Chairman of NHAI. Speaking to CNBC-TV18 Malik said they look to award closer to 5,000-5,2...

    16 Jan 2017, 12.02 pm  |  Source: CNBC-TV18

  • Demonetisation blues to keep revenue flat this fisc: Monte Carlo

    Demonetisation blues to keep revenue flat this fisc: Monte Carlo   

    Speaking to CNBC-TV18, the clothing brand’s Executive Director, Sandeep Jain said the government’s decision to junk popular bank notes came bang in the middle of the peak period for sales.

    16 Jan 2017, 11.47 am  |  Source: Moneycontrol.com

  • Tata Sons vs Cyrus Mistry: A new battle begins at NCLT on Jan 16

    Tata Sons vs Cyrus Mistry: A new battle begins at NCLT on Jan 16   

    The bitter boardroom battle between Cyrus Mistry and Tata Sons shifts to the courtroom now with the National Company Law Ttribunal (NCLT) set to hear a contempt petition filed by Mistry and Sterling Investments against Tata Sons t...

    16 Jan 2017, 11.38 am  |  Source: CNBC-TV18

  • No plans to sell stake in GNFC, says GSFC

    No plans to sell stake in GNFC, says GSFC   

    In an interview to CNBC-TV18, AM Tiwari, MD of Gujarat State Fertilizers & Chemicals (GSFC) spoke about the results and his outlook for the company.

    16 Jan 2017, 11.19 am  |  Source: CNBC-TV18

  • Tata Sons looks to expand hold over group firms

    Tata Sons looks to expand hold over group firms  

    With N Chandrasekaran assuming Chairmanship at Tata Sons, the company is considering a new structure to strengthen its control over operating companies, reports Business Standard.

    16 Jan 2017, 11.14 am  |  Source: Moneycontrol.com

  • Get ready to vroom! These 50 cars will sizzle the road in 2017

    Get ready to vroom! These 50 cars will sizzle the road in 2017  

    After making merry in 2016 car makers ranging from budget king Maruti Suzuki to luxury leader Mercedes-Benz to sports car maker Porsche are leaving no stone unturned to lure new customers with a plethora of new launches.

    16 Jan 2017, 11.13 am  |  Source: Moneycontrol.com

  • Car sales speed over demonetisation pothole, but can it sustain?

    Car sales speed over demonetisation pothole, but can it sustain?  

    While demonetisation could defer demand for passenger vehicles, there may not be cancellation says a Goldman Sachs note referring to the latest despatches data by the Society of Indian Automobile Manufacturers (SIAM).

    16 Jan 2017, 9.37 am  |  Source: Moneycontrol.com

  • NDMC ties up with MTNL in 2nd attempt at offering free Wi-Fi

    NDMC ties up with MTNL in 2nd attempt at offering free Wi-Fi  

    NDMC had partnered with Tata Teleservices in 2014 to provide the service in inner and outer circles of Connaught Place, one of the significant business and leisure centres in the city.

    16 Jan 2017, 8.40 am  |  Source: PTI

  • Tata Steel`s Sukinda Chromite Mine bags 5 awards from IBM

    Tata Steel's Sukinda Chromite Mine bags 5 awards from IBM  

    SCM was adjudged first in overall performance and systematic and scientific development of mine, second in Dump management and third position in afforestation, a Tata Steel release said.

    16 Jan 2017, 8.38 am  |  Source: PTI

  • Govt`s FY17 fund infusion into banks may exceed Rs 25K cr target

    Govt's FY17 fund infusion into banks may exceed Rs 25K cr target  

    The Finance Ministry is likely to finalise capital infusion plan for public sector banks (PSBs) this week based on the request of various lenders which have been impacted by demonetisation amid rising bad loans.

    15 Jan 2017, 7.32 pm  |  Source: PTI

  • 44 airports have potential for operations under UDAN: Report

    44 airports have potential for operations under UDAN: Report  

    About 44 airports across the country have "high potential" for operations under the ambitious Regional Connectivity Scheme (RCS) for civil aviation, UDAN, according to a report brought out by apex industry body FICCI has said.

    15 Jan 2017, 5.00 pm  |  Source: PTI

  • NSE to interview candidates for CEO this week

    NSE to interview candidates for CEO this week  

    National Stock Exchange (NSE) is likely to start the interview process this week for the Managing Director and CEO post, for which eight to ten candidates are in serious contention.

    15 Jan 2017, 5.00 pm  |  Source: PTI

  • Delivery of 2 A320neo planes to Air India delayed

    Delivery of 2 A320neo planes to Air India delayed  

    The delivery of first two Airbus A320neo planes to Air India has been delayed by a month due to engine issues and the national carrier is now expected to induct these more fuel-efficient aircraft next month.

    15 Jan 2017, 5.00 pm  |  Source: PTI

  • As its boss moves to Tata HQ, investors fret over TCS future

    As its boss moves to Tata HQ, investors fret over TCS future  

    Moving the head of Tata Consultancy Services to the top job at Tata Sons' holding company fills a critical hole for the salt-to-software conglomerate, but it leaves another at its most valuable company ahead of a complex and unpre...

    15 Jan 2017, 3.53 pm  |  Source: Reuters

  • Doordarshan to offer 104 DTH channels from March-end

    Doordarshan to offer 104 DTH channels from March-end  

    To expand its DTH platform, Doordarshan plans to come out with new set-top boxes having MPEC-4 technology and provide 104 channels by March-end, its Director General Supriya Sahu said today.

    15 Jan 2017, 2.20 pm  |  Source: PTI

  • Interest rate over 7% unsustainable: Fino Paytech

    Interest rate over 7% unsustainable: Fino Paytech  

    The high interest rate of over 7 per cent because of competition is unsustainable, Fino Paytech has said, stating clearly that it will not join the interest rate war for customer acquisition but focus on profitability once it ...

    15 Jan 2017, 2.20 pm  |  Source: PTI

  • Hindustan Coca-Cola to invest Rs 1,000 cr to set up two plants

    Hindustan Coca-Cola to invest Rs 1,000 cr to set up two plants  

    Hindustan Coca-Cola Beverages (HCCBL), the bottling arm of Coca-Cola in India, is setting up two greenfield plants at Ahmedabad and Nellore with an investment of Rs 1,000 crore, a top official said.

    15 Jan 2017, 2.20 pm  |  Source: PTI

  • Jain Irrigation to issue unsecured senior notes worth USD200 mn

    Jain Irrigation to issue unsecured senior notes worth USD200 mn  

    Jain Irrigation Systems Ltd today said that its wholly owned direct subsidiary Jain International Trading B V (JITBV) has proposed to issue up to USD 200 mn of unsecured senior notes with a USD 50 mn over-allotment option.

    15 Jan 2017, 2.20 pm  |  Source: PTI

  • Signature Global to invest Rs 500 cr to build affordable homes

    Signature Global to invest Rs 500 cr to build affordable homes  

    Realty firm Signature Global, which is into development of affordable homes, will invest Rs 500 crore to develop two housing projects in Gurgaon as the company expects better demand after the government announced an interest s...

    15 Jan 2017, 2.20 pm  |  Source: PTI

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