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  • Missiles, copters, subs - Anil Ambani`s ambitious defence plan

    Missiles, copters, subs - Anil Ambani's ambitious defence plan  

    Known for taking some ambitious bets over the past decade, some of which have failed to deliver, Ambani's plans to turn Reliance into a major defence company may be one of his boldest yet.

    30 May 2016, 12.12 pm  |  Source: Reuters

  • Ban on large diesel vehicles a transient phase, says Jaitley

    Ban on large diesel vehicles a transient phase, says Jaitley  

    Arun Jaitley, who arrived here yesterday on a 6-day trip to woo investors, is scheduled to meet Suzuki Motor Chairman Osamu Suzuki tomorrow.

    30 May 2016, 12.04 pm  |  Source: PTI

  • Order book at Rs 6500 cr, see traction in mining space: BEML

    Order book at Rs 6500 cr, see traction in mining space: BEML   

    P Dwarakanath, CMD of BEML sees lot of traction in the mining space and increased visibility on Metro orders, on which the company is heavily booked.

    30 May 2016, 11.55 am  |  Source: CNBC-TV18

  • Out-of-court settlements with OMCs hit Q4 show: Man Industries

    Out-of-court settlements with OMCs hit Q4 show: Man Industries   

    RC Mansukhani, Chairman of Man Industries — a pipes company — told CNBC-TV18 that the company has an order book close to Rs 1,400 crore and expects to bag an order from GAIL on Tuesday.

    30 May 2016, 11.43 am  |  Source: CNBC-TV18

  • Expect business to grow by 17-25% in FY17: Hatsun Agro

    Expect business to grow by 17-25% in FY17: Hatsun Agro   

    With corrected deflation and only slight inflation, the company is expected to do better in the first quarter of FY17, says RG Chandramogan, the CMD of Hatsun Agro Product.

    30 May 2016, 11.16 am  |  Source: CNBC-TV18

  • Kalpataru Power expects rail order book to double in FY17

    Kalpataru Power expects rail order book to double in FY17   

    Speaking to CNBC-TV18, Manish Mohnot, MD of Kalpataru said that gross margins will stay at around 10.5 percent levels and revenue is expected to grow by 25 percent in FY17.

    30 May 2016, 11.02 am  |  Source: CNBC-TV18

  • Targeting 8,000T/day sugar capacity in FY17: KCP

    Targeting 8,000T/day sugar capacity in FY17: KCP   

    KCP's Chief Financial Officer GN Murty says the company’s sugar business in Vietnam has improved due to uptick in sugar prices in the second half of FY16.

    30 May 2016, 10.43 am  |  Source: CNBC-TV18

  • May outperform industry`s 17% FY17 growth rate forecast: Dr Lal

    May outperform industry's 17% FY17 growth rate forecast: Dr Lal   

    Dilip Bidani, CFO of Dr Lal PathLabs expects margins to dilute by 200-300 bps in coming two to three years, but says that growth will be better than the expected industry growth of 16-17 percent in FY17.

    30 May 2016, 10.43 am  |  Source: CNBC-TV18

  • Aim to generate 8,690 million units of power in FY17: SJVN

    Aim to generate 8,690 million units of power in FY17: SJVN   

    The outstandings worth Rs 1,507 crore in FY15 saw a decline of Rs 400 crore in FY16, and RN Mishra, the CMD of SJVN believes that things will soon get better for the company.

    30 May 2016, 10.43 am  |  Source: CNBC-TV18

  • Yellow Tie Hospitality to launch GBC in India, invest USD 3 mn

    Yellow Tie Hospitality to launch GBC in India, invest USD 3 mn  

    Yellow Tie Hospitality plans to launch the brand first in Mumbai, followed by roll-outs of franchise outlets in Kolkata, Hyderabad, Gurgaon, Surat and a few more cities in the first three months, it said in a statement here.

    30 May 2016, 10.38 am  |  Source: PTI

  • SoftBank`s investments in India may surpass $ 10 billion

    SoftBank's investments in India may surpass $ 10 billion  

    SoftBank, which owns one of Japan's biggest mobile carriers and a controlling stake in US-based Sprint Corp, will make its first USD 350 million investment in a solar project in India, its Chief Executive Masayoshi Son told PTI he...

    30 May 2016, 10.38 am  |  Source: PTI

  • Infosys paid ex-CFO Bansal Rs 23 cr including severance: Report

    Infosys paid ex-CFO Bansal Rs 23 cr including severance: Report  

    According to the Infosys disclosure in the balance sheet, the compensation reflected the “enhanced non-compete and non-disclosure agreement” the company had signed with Bansal

    30 May 2016, 10.31 am  |  Source: Moneycontrol.com

  • Expect FY17 to be better on back of good monsoon: RCF

    Expect FY17 to be better on back of good monsoon: RCF   

    In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the company has received Rs 1500 crore in subsidy for FY16 and expects FY17 to be better on the back of good monsoons.

    30 May 2016, 10.29 am  |  Source: CNBC-TV18

  • Indian banks to hurt from weakness in metals, mining: Moody`s

    Indian banks to hurt from weakness in metals, mining: Moody's  

    Moody’s expects 2016 to be another challenging year for metals and mining firms, leading to higher problem loans and weak recoveries for existing problem and restructured loans

    30 May 2016, 10.13 am  |  Source: Moneycontrol.com

  • See FY17 margin at 17% with downside pressure: Alkem Labs

    See FY17 margin at 17% with downside pressure: Alkem Labs   

    The company will work towards increasing volumes in the gastro-intestinal, anti-diabetic and cardio segments, among others, to overcome margin pressures due to industry headwinds, says Prabhat Agrawal, CEO of Alkem Laboratories.

    30 May 2016, 9.27 am  |  Source: CNBC-TV18

  • Likely to see 70-75% slippage in Rs 31k cr watchlist: SBI

    Likely to see 70-75% slippage in Rs 31k cr watchlist: SBI   

    The bank has exposure of over Rs 1.36 lakh crore to the power sector with nearly Rs 60,000-70,000 crore to good stable companies, says B Sriram, MD & Group Executive-National Banking

    30 May 2016, 9.10 am  |  Source: CNBC-TV18

  • Growth, demand to revive on back of good monsoon: V-Mart

    Growth, demand to revive on back of good monsoon: V-Mart   

    The retail chain reported a 70 percent decline in standalone net profit at Rs 48 lakh as in the fourth quarter compared to a net profit of Rs 1.60 crore in year-ago period. Net sales during Q4 rose 4.28 percent to Rs 177.50 crore....

    30 May 2016, 9.05 am  |  Source: CNBC-TV18

  • Sun Pharma gets US subpoena over generic drugs pricing

    Sun Pharma gets US subpoena over generic drugs pricing   

    The DoJ's antitrust division has also asked Sun Pharma's US unit for documents related to employee and corporate records and communications with competitors.

    30 May 2016, 8.15 am  |  Source: Reuters

  • PSU banks install nearly 14,000 ATMs in FY16, miss target

    PSU banks install nearly 14,000 ATMs in FY16, miss target  

    A total of 13,935 cash dispensing machines were installed by banks in the year ending March 31, 2016 against the target of 15,249 ATMs, according to the data on progress of installation of ATMs by 27 public sector banks.

    30 May 2016, 8.14 am  |  Source: PTI

  • London Dairy targeting Rs 100cr revenue from India by 2020

    London Dairy targeting Rs 100cr revenue from India by 2020  

    Premium ice-cream brand London Dairy is eyeing to double its India revenues to Rs 100 crore by 2020, as it plans to ramp up distribution to 5,000 outlets.

    30 May 2016, 8.14 am  |  Source: PTI

  • USL to reduce debt by up to Rs 2,000 crore in 2 yrs

    USL to reduce debt by up to Rs 2,000 crore in 2 yrs  

    "We are looking at a debt reduction of Rs 1,000-2,000 crore in the next two years. On an annualised basis, it would be around Rs 1,000-odd crore," USL chief financial officer Sanjeev Churiwala told analysts in a conference call on...

    30 May 2016, 8.14 am  |  Source: PTI

  • Govt to sell off 14 ITDC hotels

    Govt to sell off 14 ITDC hotels  

    The Minister said the Finance Ministry is taking forward the disinvestment plan to totally offload government's stakes in all the ITDC-run hotels except the Ashoka and Samrat hotels in the national capital.

    30 May 2016, 8.14 am  |  Source: PTI

  • DLF targets up to Rs 3,500 cr in new sales booking in FY17

    DLF targets up to Rs 3,500 cr in new sales booking in FY17  

    The country's largest real estate developer achieved net sales bookings of Rs 3,150 crore in the last financial year ended March 31, up by nearly 7 percent from the previous 2014-15 fiscal.

    30 May 2016, 8.14 am  |  Source: PTI

  • Jet Airways to take back 6 Boeing planes from Etihad for use

    Jet Airways to take back 6 Boeing planes from Etihad for use  

    The six B777-300 ER aircraft are expected to be put into service from August and some of them are likely to be used in the domestic sector as well, Jet Airways Chief Financial Officer (CFO) and acting Chief Executive Amit Agarwal ...

    30 May 2016, 7.52 am  |  Source: PTI

  • Coal auction to get Rs 3.45L cr; Rs 36k cr saving via DBT: Govt

    Coal auction to get Rs 3.45L cr; Rs 36k cr saving via DBT: Govt  

    "Previous 2G auction enriched select few while current spectrum auction fetched Rs 1.09 lakh crore for the nation. Previous coal auction steeped in corruption. Now coal auction to bring Rs 3.45 lakh crore," according to the govern...

    30 May 2016, 7.52 am  |  Source: PTI

  • Coal India Ltd raises coal price by 6%

    Coal India Ltd raises coal price by 6%  

    Coal India sources said company board has approved revision of weighted average coal prices by 6.2 percent increase over the current price, from tomorrow.

    30 May 2016, 7.50 am  |  Source: PTI

  • Jet to take back 6 planes from Etihad for use on its routes

    Jet to take back 6 planes from Etihad for use on its routes  

    Private carrier Jet Airways will take back all six wide-body Boeing aircraft leased out to its investment partner Etihad Airways in the next six months and deploy them on some of its core routes including to the Gulf.

    29 May 2016, 6.42 pm  |  Source: PTI

  • Flipkart effect: Startups may lose sheen in job market

    Flipkart effect: Startups may lose sheen in job market  

    Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining 'safer companies' after the Flipkart fiasco, say experts.

    29 May 2016, 5.14 pm  |  Source: PTI

  • Govt to cancel all defence tenders bagged by Finmeccanica

    Govt to cancel all defence tenders bagged by Finmeccanica  

    The government has decided to cancel all ongoing tenders for defence equipment won by Italy's Finmeccanica as a precursor to blacklisting of the firm which is being investigated for bribery in the AgustaWestland VVIP chopper deal.

    29 May 2016, 5.14 pm  |  Source: PTI

  • Tata Steel may hold on to its UK steelworks: report

    Tata Steel may hold on to its UK steelworks: report  

    Tata Steel may still hold on to its UK steelworks and their proposed sale may be put off after a personal intervention by Prime Minister David Cameron who is keen on averting the collapse of Britain's steel industry ahead of the E...

    29 May 2016, 5.14 pm  |  Source: PTI

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