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Business News

  • Eveready hit by low volumes, LED product delays in Q1: MD

    Eveready hit by low volumes, LED product delays in Q1: MD  

    Amritanshu Khaitan, Managing Director of Eveready India, attributes to the flat topline growth in the first quarter to lower batter volumes and a revenue hit on account of some delays in commissioning of LED products.

    26 Jul 2016, 10.22 am  |  Source: CNBC-TV18

  • Maamba Collieries synchronises 150 MW unit with Zambian Grid

    Maamba Collieries synchronises 150 MW unit with Zambian Grid  

    "Maamba Collieries Ltd (MCL)...has synchronised the first 150 MW Unit of the 300 MW power plant with the Zambian Grid," Nava Bharat Ventures Ltd said in a filing to BSE.

    26 Jul 2016, 9.34 am  |  Source: PTI

  • Low cotton prices, energy costs boosted Q1 margins: KG Denim

    Low cotton prices, energy costs boosted Q1 margins: KG Denim  

    KG Denim reported a strong first quarter with margins improving to 15.2 percent and net profit rising to Rs 9.3 crore as against Rs 1.6 crore year-on-year.

    26 Jul 2016, 9.22 am  |  Source: CNBC-TV18

  • Fall in input costs cushioned drop in realisations: Tata Sponge

    Fall in input costs cushioned drop in realisations: Tata Sponge   

    However, net realisations and production costs may not change significantly in the current quarter, says DP Deshpande, MD of Tata Sponge.

    26 Jul 2016, 9.16 am  |  Source: CNBC-TV18

  • Sobha buys back Rs 58 cr worth shares

    Sobha buys back Rs 58 cr worth shares  

    In May, the company's board had approved buyback of up to 22.75 lakh shares for about Rs 75 crore.

    26 Jul 2016, 9.16 am  |  Source: PTI

  • Manappuram to raise Rs 150 cr via NCDs

    Manappuram to raise Rs 150 cr via NCDs  

    "The company is proposed to issue secured redeemable non-convertible debentures for Rs 100 crore with a green shoe option of Rs 50 crore aggregating to Rs 150 crore on private placement basis," the company said in a regulatory fil...

    26 Jul 2016, 9.16 am  |  Source: PTI

  • Essar expands capacity at Hazira Port with Rs 800cr investment

    Essar expands capacity at Hazira Port with Rs 800cr investment  

    The company is investing Rs 800 crore to add 20 MMPTA at its Hazira Port in Surat to its existing 30 MMTPA capacity, Essar Ports Chief Executive Officer Rajiv Agarwal told reporters here.

    26 Jul 2016, 9.14 am  |  Source: PTI

  • Successful merger to be credit positive for Vedanta: Moody`s

    Successful merger to be credit positive for Vedanta: Moody's  

    "Should the merger proceed as announced -- subject to approval, in a cashless all-stock transaction -- minority shareholders would receive one equity share and four 7.5 percent preference shares in Vedanta Ltd for every share held...

    26 Jul 2016, 8.22 am  |  Source: PTI

  • PNC Infratech bags Rs 233 crore road project in UP

    PNC Infratech bags Rs 233 crore road project in UP  

    "PNC Infratech Ltd has been awarded a project involving four laning of Etah to Kasganj road in Uttar Pradesh for a contract value of Rs 232.91 crore," the company said in a filing to BSE.

    26 Jul 2016, 7.46 am  |  Source: PTI

  • Indian Bank presents Rs 59.15 cr dividend cheque to govt

    Indian Bank presents Rs 59.15 cr dividend cheque to govt  

    Indian Bank MD & CEO Mahesh Kumar Jain presented the dividend cheque amounting Rs 59.15 crore for the 2015-16 financial year to Finance Minister Jaitley, a bank statement said.

    26 Jul 2016, 7.46 am  |  Source: PTI

  • Glenmark sells maiden USD bonds, raises $200 mn at 4.5%

    Glenmark sells maiden USD bonds, raises $200 mn at 4.5%  

    Investment banking sources told PTI that the issue was so successful that the orderbook touched 12 times the issue size at USD 2.4 billion, helping the company make good bargain on pricing.

    26 Jul 2016, 7.46 am  |  Source: PTI

  • Young Turks: Round-up of events in startup world

    Young Turks: Round-up of events in startup world   

    CNBC-TV18’s show Young Turks provides a daily dose of all happenings in the world of start-ups through its start-up tracker series.

    25 Jul 2016, 10.44 pm  |  Source: CNBC-TV18

  • Is EESL disrupting the consumer electricals market?

    Is EESL disrupting the consumer electricals market?  

    Energy Efficiency Services (EESL) provides an alternate channel to large organised players at a disadvantage to unorganised players, says a post management meet note by Macquarie.

    25 Jul 2016, 10.43 pm  |  Source: Moneycontrol.com

  • Maharashtra govt tests 14 talcum powder brands, including J&J

    Maharashtra govt tests 14 talcum powder brands, including J&J  

    The action comes in wake of a Missouri court verdict directing J&J to pay damages to kin of a woman who died of ovarian cancer.

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Sintex Industries plans to raise Rs 1,000 cr through NCDs

    Sintex Industries plans to raise Rs 1,000 cr through NCDs  

    Plastic and Textiles firm Sintex Industries plans to raise Rs 1,000 crore from the market by issuing non-convertible debentures/bonds on a private placement basis.

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • General Motors puts on hold $1 bn investment in India

    General Motors puts on hold $1 bn investment in India  

    US auto major General Motors has put on hold its planned USD 1 billion investment in India and is reviewing its future product plan for the country due to "unprecedented regulatory uncertainty" and change in customer preferenc...

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Not liable to repay Rs 6K cr debt due to breach of terms :KFA

    Not liable to repay Rs 6K cr debt due to breach of terms :KFA  

    The Kingfisher Airlines Limited, a holding company of Vijay Mallya, today said it is not liable to repay over Rs 6,000 crore debt to the consortium of banks as the lenders have breached terms and conditions of Master Debt Restruct...

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Qwikcilver raises funding, to invest in scaling growth

    Qwikcilver raises funding, to invest in scaling growth  

    The company will use the funding to further invest in scaling the Gift Card category through innovations, R&D and expand into new geographies in Middle East and South East Asia and scale its growth, it said in a statement here.

    25 Jul 2016, 8.58 pm  |  Source: PTI

  • Vodafone M-Pesa ties up with Punjab power utility

    Vodafone M-Pesa ties up with Punjab power utility  

    Vodafone M-Pesa offers customers a cashless, secure platform for electricity bill payments with the largest network of agents (or CashIn Points) to enable digitisation of money for cash holding population, said a company statement...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • HNPCL commissions 1,040 MW power project at Vizag

    HNPCL commissions 1,040 MW power project at Vizag  

    Hinduja National Power Corporation Ltd (HNPCL), part of the Hinduja Group, has commissioned its 1,040 MW coal-fired power project at Visakhapatnam.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Gamesa bags 100MW turnkey orders from Orange Renewable

    Gamesa bags 100MW turnkey orders from Orange Renewable  

    "Gamesa will deliver complete turnkey solutions for a 40 MW project in Gujarat and a 60MW project in Karnataka with supply of 20 units of G114-2.0 MW T106 and 30 units of G97-2.0 MW T104 turbines", city-based company said in a sta...

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Tata Motors plans to raise Rs 400 cr via NCDs

    Tata Motors plans to raise Rs 400 cr via NCDs  

    Tata Motors plans to raise Rs 400 crore through issuance of non-convertible debentures (NCDs) and a committee of the board is due to meet on Thursday in this regard.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • BSE, Mauritius Stock Exchange tie up to promote financial mkts

    BSE, Mauritius Stock Exchange tie up to promote financial mkts  

    Leading bourse BSE today said it has entered into an agreement with Stock Exchange of Mauritius (SEM) for collaboration in areas including investments, products and cyber security.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Govt to soon notify inflation target under framework agreement

    Govt to soon notify inflation target under framework agreement  

    The government is likely to notify this week inflation target for next five years under the monetary policy framework agreement, a top official said today.

    25 Jul 2016, 8.08 pm  |  Source: PTI

  • Agri-logistics firm NCML sets up cold storage unit in Guntur

    Agri-logistics firm NCML sets up cold storage unit in Guntur  

    National Collateral Management Services (NCML) today said it has set up a cold storage facility in Guntur, Andhra Pradesh, at a cost of Rs 9.45 crore primarily for the benefit of chilli farmers of the state.

    25 Jul 2016, 7.54 pm  |  Source: PTI

  • Intent is for watchlist to dissolve itself in 8 qrts: Axis Bank

    Intent is for watchlist to dissolve itself in 8 qrts: Axis Bank   

    Speaking to CNBC-TV18 after Axis Bank reported its first quarter results, CFO Jairam Sridharan said this quarter panned out fairly in line with his earlier guidance that 60 percent of the roughly Rs 22,000-crore watchlist could sl...

    25 Jul 2016, 7.29 pm  |  Source: CNBC-TV18

  • SEBI says Pearl Agrotech siphoned off funds, seeks CBI probe

    SEBI says Pearl Agrotech siphoned off funds, seeks CBI probe  

    The Supreme Court issued a issued a notice to Pearl Agrotech, barring it from selling or disposing of any of its assets.

    25 Jul 2016, 7.16 pm  |  Source: CNBC-TV18

  • Essar to invest Rs 750 cr to expand capacity at Hazira Port

    Essar to invest Rs 750 cr to expand capacity at Hazira Port  

    The company is increasing capacity by 1,100 metres from the present 550 metres to meet rising demand.

    25 Jul 2016, 6.46 pm  |  Source: PTI

  • Ultratech Cement plans to raise Rs 300 cr via NCDs

    Ultratech Cement plans to raise Rs 300 cr via NCDs  

    "The Company is proposing to issue 7.57 percent, 3,000 Secured Redeemable NCDs on a private placement basis," it said in a regulatory filing.

    25 Jul 2016, 6.46 pm  |  Source: PTI

  • Telecom Commission bats for 3% floor spectrum usage charge

    Telecom Commission bats for 3% floor spectrum usage charge   

    The Telecom Commission has maintained its stance on the proposal of levying spectrum usage charges (SUC), proposing that an additional floor of 3 percent SUC be charged to telecom companies.

    25 Jul 2016, 6.45 pm  |  Source: PTI

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