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  • Majestic Research Services FPO over-subscribed 1.54 times

    Majestic Research Services FPO over-subscribed 1.54 times  

    BSE-SME listed Majestic Research Services and Solutions' follow-on public offer of 943,200 shares at a price band of Rs 106-114 to raise Rs 10 crore has been over-subscribed 1.54 times.

    06 Dec 2016, 7.44 am  |  Source: PTI

  • Mistry caused huge financial loss to group firms: Tata Sons

    Mistry caused huge financial loss to group firms: Tata Sons  

    Tata Sons, the holding firm for over USD 100 billion conglomerate, said Mistry's statements have caused the group, including the companies where he continues to be the Chairman, "enormous damage and caused considerable financial l...

    06 Dec 2016, 7.44 am  |  Source: PTI

  • Freecharge partners with ICICI merchants in 700 cities

    Freecharge partners with ICICI merchants in 700 cities  

    "The partnership will help us expand our footprint and enable merchants and consumers from Tier I & II cities to be part of the digital payments ecosystems," Govind Rajan, Chief Executive Officer, FreeCharge said in a statement.

    06 Dec 2016, 7.44 am  |  Source: PTI

  • PTC India selected trader for 1000 MW wind power govt plans

    PTC India selected trader for 1000 MW wind power govt plans  

    The government, through its nominated agency Solar Energy Corp of India Ltd, is currently in the process of inviting private developers to set up solar power units of capacities totalling 1,000 MW.

    05 Dec 2016, 9.55 pm  |  Source: Moneycontrol.com

  • Mistry had converted Group into his personal fiefdom: Tata Group

    Mistry had converted Group into his personal fiefdom: Tata Group   

    Tatas said that the group is no one’s ‘personal fiefdom’ and that Mistry had converted the group into his personal fiefdom after taking the chairmanship. For that, he hired inexperienced individuals in key positions.

    05 Dec 2016, 9.51 pm  |  Source: CNBC-TV18

  • Hitachi System Micro Clinic eyes Rs1,000cr turnover by FY18

    Hitachi System Micro Clinic eyes Rs1,000cr turnover by FY18  

    IT services and solutions provider Hitachi System Micro Clinic is aiming to clock three-fold growth in next two years and cross Rs 1,000 crore turnover by FY 2017-18.

    05 Dec 2016, 9.32 pm  |  Source: PTI

  • GST to create level-playing field for bigger textile players

    GST to create level-playing field for bigger textile players  

    The introduction of GST will help create a level-playing field for the bigger textile manufacturers as smaller or unorganised sector will not be able to use some of the current practices to keep themselves competitive, a senio...

    05 Dec 2016, 9.18 pm  |  Source: PTI

  • Rajesh Exports bags Rs 786 crore export order from UAE

    Rajesh Exports bags Rs 786 crore export order from UAE  

    Rajesh Exports today said it has bagged an export order worth Rs 786 crore of designer range of gold and diamond studded jewellery and medallions from UAE.

    05 Dec 2016, 9.00 pm  |  Source: PTI

  • Demonetisation beneficial for organised FMCG players: Dabur

    Demonetisation beneficial for organised FMCG players: Dabur  

    FMCG firm Dabur today said the demonetisation of high value currency notes would have beneficial impact on organised players in the segment.

    05 Dec 2016, 9.00 pm  |  Source: PTI

  • RBI auctions treasury bill worth Rs 60,000 cr under MSS

    RBI auctions treasury bill worth Rs 60,000 cr under MSS  

    The central bank will also conduct an auction of 35 days Cash Management Bills under the MSS for Rs 60,000 crore tomorrow.

    05 Dec 2016, 8.56 pm  |  Source: PTI

  • Jeevan Akshay drives LIC`s Nov sales by over 4-fold

    Jeevan Akshay drives LIC's Nov sales by over 4-fold  

    Life Insurance Corporation registered total premium income of Rs 7,200 crore in November, up from Rs 1,740 crore a year ago, thus showing a growth of more than 300 per cent on year-on-year basis, a senior LIC official told PTI tod...

    05 Dec 2016, 8.42 pm  |  Source: PTI

  • Discounts on e-commerce sites being given by sellers: DIPP

    Discounts on e-commerce sites being given by sellers: DIPP  

    The comments come amid controversy over advertisements for discounts by online retailers like Amazon, Flipkart and Snapdeal. Offline players, including traders body CAIT, have in the past raised concerns over these discounts, alle...

    05 Dec 2016, 8.42 pm  |  Source: PTI

  • Taisys-Yes Bank to launch digital banking in states

    Taisys-Yes Bank to launch digital banking in states  

    The service, SIMsePAY, allows any account holder to do money transfers, pay utility bills and other mobile banking services, without the need for smartphones or the Internet.

    05 Dec 2016, 8.00 pm  |  Source: PTI

  • Essar Power approaches ICICI, lenders to recast Rs 6564 cr debt

    Essar Power approaches ICICI, lenders to recast Rs 6564 cr debt  

    Essar Power Ltd has approached ICICI Bank-led consortium for a strategic restructuring of Rs. 6,564-crore debt of the 1,200 MW Mahan power project set up by a subsidiary.

    05 Dec 2016, 7.45 pm  |  Source: Moneycontrol.com

  • Demonetisation has hit business jet operators: BAOA

    Demonetisation has hit business jet operators: BAOA  

    The Government's demonetisation move and the subsequent cash crunch has "hit" the business jet operators in the country with some of them witnessing cancellations though not significant, according to an industry executive.

    05 Dec 2016, 7.40 pm  |  Source: PTI

  • Global proxy advisory ISS asks shareholders to vote for Mistry

    Global proxy advisory ISS asks shareholders to vote for Mistry  

    Global proxy advisory firm ISS has asked TCS shareholders to vote against the move to remove Cyrus Mistry as the director of TCS and other large group companies, saying Tata Sons has not given any "compelling evidence" for his ous...

    05 Dec 2016, 7.40 pm  |  Source: PTI

  • Aircel launches 3-month on-net unlimited calls for Rs 148

    Aircel launches 3-month on-net unlimited calls for Rs 148  

    Telecom operator Aircel today launched a scheme offering three-month unlimited on-net calls bundled with limited free data usage and calls to other networks for Rs 148.

    05 Dec 2016, 7.22 pm  |  Source: PTI

  • India`s basmati rice export to grow 10% on China market:ICRA

    India's basmati rice export to grow 10% on China market:ICRA  

    India and China together contribute around 40 per cent of the global rice production, which is estimated at around 740 million tonne of paddy, ICRA said, adding of this the communist nation's share was at around 27 per cent.

    05 Dec 2016, 7.22 pm  |  Source: PTI

  • Tata Power SED wins Rs 200 crore order from defence

    Tata Power SED wins Rs 200 crore order from defence  

    Tata Power SED has won a Rs 200 crore order from the Defence Ministry for supplying one regiment of command post and launcher of Pinaka multi rocket launch system.

    05 Dec 2016, 6.38 pm  |  Source: PTI

  • Canara Bank plans to dilute stake in Can Fin Homes to 30%

    Canara Bank plans to dilute stake in Can Fin Homes to 30%  

    State-owned Canara Bank today said it proposes to bring down stake in its housing finance subsidiary Can Fin Homes to 30 per cent as part of strategy to exit non-core business.

    05 Dec 2016, 6.22 pm  |  Source: PTI

  • Sebi may allow investments in mutual funds via digital wallet

    Sebi may allow investments in mutual funds via digital wallet  

    Markets watchdog Sebi is looking to allow investors to buy mutual funds through digital wallets in the wake of the government's plan of boosting digital transactions.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Lupin gets USFDA`s final nod for pain relief tablets

    Lupin gets USFDA's final nod for pain relief tablets  

    Drug firm Lupin has received final approval from the US health regulator for its Hydrocodone Bitartrate and Acetaminophen tablets used for providing pain relief.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • AirAsia India CEO Amar Abrol gets additional role of MD

    AirAsia India CEO Amar Abrol gets additional role of MD  

    Eight months after taking over the reins of AirAsia India as CEO, Amar Abrol has been appointed Managing Director of the no-frills airline in addition to the current role.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • IDFC AMC launches Balanced Fund

    IDFC AMC launches Balanced Fund  

    The company, with assets under management of around Rs 58,500 crore (as on November 30), also has plans to launch a couple of more products by the fiscal-end, a top company official said.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Mahindra to acquire Netherlands`s OFD Holding for 5 mn euro

    Mahindra to acquire Netherlands's OFD Holding for 5 mn euro  

    Mahindra Agri Solutions Ltd (MASL), a wholly-owned subsidiary of the company, has inked a definitive agreement to acquire up to 60 per cent of the equity share capital of OFD Holding BV, a fruit distribution company, M&M said in a...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Jet Airways cut economy fares by 20% on select routes

    Jet Airways cut economy fares by 20% on select routes  

    The four-day fare sale starting from today will be valid for domestic travel commencing from January 5, 2017 onwards while a flyer booking tickets for travel on international sectors may commence journeys immediately, starting tod...

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Abhinav Outsourcings to invest Rs 200 cr for expansion

    Abhinav Outsourcings to invest Rs 200 cr for expansion  

    Immigration consulting services firm Abhinav Outsourcings said it is expanding its network by opening new offices in India and abroad, and acquiring an established domestic company engaged in business of overseas education.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Nissan opens first facility to sell GT-R in India

    Nissan opens first facility to sell GT-R in India  

    Japanese car maker Nissan today opened a facility in Noida from where it would exclusively retail its iconic model GT-R in India.

    05 Dec 2016, 6.20 pm  |  Source: PTI

  • Tata`s lost governance standard needs to be reclaimed: Mistry

    Tata's lost governance standard needs to be reclaimed: Mistry   

    Addressing the shareholders, Mistry further said that the group companies have done their best to help Tata Sons retain its equity ownership and the companies also pay royalty to Tata Sons for the use of the Tata brand.

    05 Dec 2016, 6.12 pm  |  Source: CNBC-TV18

  • Consumers to get 20W LED tube lights at Rs 230: Goyal

    Consumers to get 20W LED tube lights at Rs 230: Goyal  

    "EESL plans to distribute LED tube lights of 20 watts to consumers at an upfront cost of Rs 230 per unit," Power Minister Piyush Goyal said in a written reply to the Rajya Sabha.

    05 Dec 2016, 6.12 pm  |  Source: PTI

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