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Moneycontrol

Business News

  • National Insurance lines up plans to meet its capital needs

    National Insurance lines up plans to meet its capital needs  

    This is crucial, particularly on the back of National Insurance being among the five public sector general insurers who have received Cabinet nod for listing on the stock exchanges.

    22 Feb 2017, 2.04 pm  |  Source: Moneycontrol.com

  • Portfolio managers` assets swell to Rs 12 lakh cr in January

    Portfolio managers' assets swell to Rs 12 lakh cr in January  

    According to the Securities and Exchange Board of India (Sebi), total assets under management (AUM) of portfolio managers were at Rs 11,97,455 crore at the end of January, as against Rs 11,75,467 crore in the preceding month.

    22 Feb 2017, 1.52 pm  |  Source: PTI

  • TCS to remain net cash positive despite Rs16,000 cr buyback: S&P

    TCS to remain net cash positive despite Rs16,000 cr buyback: S&P  

    The ratings and outlook on Tata Consultancy Services are not affected by the company's Rs 16,000 crore offer for share repurchases, Standard & Poor's said in a statement.

    22 Feb 2017, 1.52 pm  |  Source: PTI

  • LR-SAM, Akash orderbook at $2 bn; 15-17% margin sustainable: BEL

    LR-SAM, Akash orderbook at $2 bn; 15-17% margin sustainable: BEL   

    LR-SAM and Akash missile system orders could be nearly worth USD 2 billion, adding roughly Rs 13,000 crore to total orderbook in the coming quarters, says MV Gowtama, Chief Managing Director of BEL.

    22 Feb 2017, 12.41 pm  |  Source: CNBC-TV18

  • Future Decoded: Microsoft boosts Aadhaar with Skype Lite

    Future Decoded: Microsoft boosts Aadhaar with Skype Lite  

    Microsoft Chief Executive Satya Nadella, in his keynote speech at the company's Future Decoded summit in Mumbai, unveiled the apps explaining how they can revolutionise the way candidate verification processes at big companies and...

    22 Feb 2017, 12.28 pm  |  Source: Moneycontrol.com

  • Snapdeal to lay off 600 people over next few days

    Snapdeal to lay off 600 people over next few days  

    According to sources, the company started the process last week and will lay off 500-600 people across Snapdeal, Vulcan (logistics) and Freecharge (digital payments business).

    22 Feb 2017, 12.26 pm  |  Source: PTI

  • EXCLUSIVE: Maruti aims to be one-stop shop for cars with Rohtak R&D hub

    EXCLUSIVE: Maruti aims to be one-stop shop for cars with Rohtak R&D hub  

    Suzuki-controlled home-grown carmaker Maruti Suzuki is sprucing up its product development capabilities, aiming to become an end-to-end manufacturer and reducing dependence on its parent company.

    22 Feb 2017, 12.17 pm  |  Source: Moneycontrol.com

  • Ramco Systems bags $2.5 mn cloud deal from Allegis Group

    Ramco Systems bags $2.5 mn cloud deal from Allegis Group  

    Allegis Group is a global leader in talent solutions, and the largest privately held staffing company in the world.

    22 Feb 2017, 12.08 pm  |  Source: PTI

  • Rumours of mismanagement absolutely incorrect: Ujaas Energy

    Rumours of mismanagement absolutely incorrect: Ujaas Energy   

    In an interview to CNBC-TV18, Anurag Mundra, Joint MD & CFO of Ujaas Energy said that rumours regarding mismanagement and auditor commentary are absolutely incorrect.

    22 Feb 2017, 12.04 pm  |  Source: CNBC-TV18

  • Pension regulator moots proposal for systematic withdrawals

    Pension regulator moots proposal for systematic withdrawals  

    Pension Fund Regulatory and Development Authority (PFRDA) said that they are looking to have a systematic withdrawal plan for National Pension System (NPS) wherein individuals will have an option to have between 15-20 years where ...

    22 Feb 2017, 11.57 am  |  Source: Moneycontrol.com

  • CNBC-TV18 Exclusive: Satya Nadella on Trump policies, how tech will change governance

    CNBC-TV18 Exclusive: Satya Nadella on Trump policies, how tech will change governance   

    In a freewheeling exclusive interview with CNBC-TV18’s Shereen Bhan, Microsoft CEO Satya Nadella talked about a number of issues, including cloud and artificial intelligence technologies and outlined his views on US President Do...

    22 Feb 2017, 11.32 am  |  Source: CNBC-TV18

  • See topline growth of 8-10% this year: ITD Cementation

    See topline growth of 8-10% this year: ITD Cementation   

    ITD Cementation hopes to grow revenues by 8-10 percent this year with significant improvement in the bottom-line, says Chief Financial Officer, S Ramnath.

    22 Feb 2017, 11.29 am  |  Source: CNBC-TV18

  • Dr Reddy`s receives 3 USFDA observations for Miryalaguda plant

    Dr Reddy's receives 3 USFDA observations for Miryalaguda plant  

    The company didn’t explain the nature of these observations. Miryalaguda plant was one among the three plants for which the company got US drug regulator warning letter in November 2015.

    22 Feb 2017, 11.27 am  |  Source: Moneycontrol.com

  • Banks may have to take larger haircuts on bad loans: V Acharya

    Banks may have to take larger haircuts on bad loans: V Acharya  

    In his maiden speech after becoming RBI Deputy Governor, Viral Acharya yesterday said banks might have to take larger hair cuts than what they ask for.

    22 Feb 2017, 10.49 am  |  Source: Moneycontrol.com

  • Flipkart seeks to raise $1.5 bn from Microsoft, others

    Flipkart seeks to raise $1.5 bn from Microsoft, others  

    India’s largest online market place, Flipkart, is in plans to increase the size of its funding round and is now seeking to raise up to USD 1.5 billion from investors including Microsoft Corp., eBay Inc., PayPal Holdings Inc. and...

    22 Feb 2017, 10.47 am  |  Source: Moneycontrol.com

  • Trump policies stressful for India pharma cos: Ex-Ranbaxy CEO

    Trump policies stressful for India pharma cos: Ex-Ranbaxy CEO   

    Former CEO of Ranbaxy, Brian Tempest, expects more pricing pressure to come in US under Donald Trump administration.

    22 Feb 2017, 10.42 am  |  Source: CNBC-TV18

  • Indian energy giant: Report says ONGC may take over HPCL or BPCL

    Indian energy giant: Report says ONGC may take over HPCL or BPCL  

    The government is a majority stakeholder in both, HPCL and BPCL, holding a stake of 51.1 percent in HPCL and 54.9 percent in BPCL. ONGC is unlikely to take over both entities for a mega public sector oil firm.

    22 Feb 2017, 10.28 am  |  Source: Moneycontrol.com

  • Tata Motors, Volkswagen may ink partnership at Geneva Show

    Tata Motors, Volkswagen may ink partnership at Geneva Show  

    The partnership deal between Tata Motors and Volkswagen could be a technology tie-up or a joint venture with vehicle architecture and technology at the center of discussion.

    22 Feb 2017, 10.17 am  |  Source: Moneycontrol.com

  • EXCLUSIVE: Infy founders to keep promoter tag, seem reluctant to cut stake

    EXCLUSIVE: Infy founders to keep promoter tag, seem reluctant to cut stake  

    While the market believes that the Murthy-led group are no longer promoters and should not interfere with the running with the group, it has emerged that the truth is otherwise, and the promoters will not lose this status unless t...

    22 Feb 2017, 10.13 am  |  Source: Moneycontrol.com

  • IDBI Bank to monetise Rs 5k crore worth non-core assets in FY18

    IDBI Bank to monetise Rs 5k crore worth non-core assets in FY18   

    IDBI Bank had on Tuesday informed the stock exchanges that it has received an in-principle nod to sell stake in some of its non-core assets.

    22 Feb 2017, 9.44 am  |  Source: CNBC-TV18

  • The silent crisis: Why Indian IT engineers are staring at a future of no jobs

    The silent crisis: Why Indian IT engineers are staring at a future of no jobs  

    Indian IT (information technology) industry might like to put all the blame on Donald Trump for its woes – single-digit growth, retrenchment and reduced hiring from campuses. But the ‘Trump effect’ masks the crisis that is s...

    22 Feb 2017, 9.31 am  |  Source: Moneycontrol.com

  • Reliance Jio to decide telcos earnings for `couple of years`: CS

    Reliance Jio to decide telcos earnings for 'couple of years': CS  

    “While M&A newsflow has helped telco stocks, we see no let down in Jio's competitive aggression which is likely to determine earnings for next couple of years,” said Credit Suisse in its note to clients.

    22 Feb 2017, 9.18 am  |  Source: Moneycontrol.com

  • Xiaomi likely to launch a lot more smartphones in 2017

    Xiaomi likely to launch a lot more smartphones in 2017  

    According to a recent report by Singapore-based market research firm Canalys, the Chinese mobile phone maker is battling with smartphone shipments in the domestic market and grabbed the fourth place in Q4 2016.

    22 Feb 2017, 9.15 am  |  Source: NEWS18.com

  • EXCLUSIVE: After TCS, HCL Tech could eye share buyback

    EXCLUSIVE: After TCS, HCL Tech could eye share buyback   

    An official familiar with the development told Moneycontrol the company was open to the idea of a share buyback and was considering it.

    22 Feb 2017, 9.13 am  |  Source: Moneycontrol.com

  • Panasonic launches three new Toughpad models

    Panasonic launches three new Toughpad models  

    "Panasonic Toughpad enjoys a 65 percent leadership in rugged notebooks and tablets and with the introduction of the new products in the Toughbook and Toughpad series we aim to increase our market share to over 70 percent in next y...

    22 Feb 2017, 9.02 am  |  Source: PTI

  • HSIL to commission two plants in Telangana in April

    HSIL to commission two plants in Telangana in April  

    The company has kitchen appliances, water-heaters, water and air purifiers and air cooler products under the consumer division, which is on course to clock a business of about Rs 150 crore in the current fiscal, a 140 percent grow...

    22 Feb 2017, 9.02 am  |  Source: PTI

  • HDFC Bank FPI trades: Sebi, RBI mull safeguards

    HDFC Bank FPI trades: Sebi, RBI mull safeguards  

    A day after allowing FPIs to buy shares of HDFC Bank, the Reserve Bank of India (RBI) on February 17 restored the cap as the exposure crossed the prescribed 74 percent threshold.

    22 Feb 2017, 8.58 am  |  Source: PTI

  • CII signs MoU with Singapore trade and business agencies

    CII signs MoU with Singapore trade and business agencies  

    The High Commissioner said a number of business programmes were being planned for this year including one conference with the Indian business community in Asean to be held in Singapore later this year.

    22 Feb 2017, 8.58 am  |  Source: PTI

  • Corporate bonds to touch 8.5 trn next fiscal, may grow at 20-22%

    Corporate bonds to touch 8.5 trn next fiscal, may grow at 20-22%  

    "Benefiting from finer pricing in the bond markets, we expect the year-on-year growth of corporate bonds to remain substantial at 20-22 percent in FY18.

    22 Feb 2017, 8.58 am  |  Source: PTI

  • Competition Comm rejects complaint against Dhanlaxmi Bank

    Competition Comm rejects complaint against Dhanlaxmi Bank  

    It was alleged by a Delhi-based complainant that the bank charged higher interest rate and imposed pre-payment charges.

    22 Feb 2017, 8.58 am  |  Source: PTI

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