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  • Adani Transmission to buy RInfra`s western assets for Rs 1,000cr

    Adani Transmission to buy RInfra's western assets for Rs 1,000cr  

    Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

    07 Dec 2016, 6.10 pm  |  Source: PTI

  • CRR reversal `welcome step` for liquidity: Ashvin Parekh

    CRR reversal 'welcome step' for liquidity: Ashvin Parekh  

    Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.

    07 Dec 2016, 6.09 pm  |  Source: Moneycontrol.com

  • Status quo on rates disappointing, says Arundhati Bhattacharya

    Status quo on rates disappointing, says Arundhati Bhattacharya   

    State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committee’s status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate ...

    07 Dec 2016, 4.41 pm  |  Source: CNBC-TV18

  • Foxconn confirms US investment talks after Trump boast

    Foxconn confirms US investment talks after Trump boast  

    Trump announced the agreement -- which he said would bring 50,000 jobs -- in the lobby of Trump Tower in New York, alongside SoftBank's flamboyant chief executive Masayoshi Son.

    07 Dec 2016, 4.18 pm  |  Source: PTI

  • Hindustan Zinc enters solar energy biz, to invest Rs 630 cr

    Hindustan Zinc enters solar energy biz, to invest Rs 630 cr  

    The company led by billionaire Anil Agarwal already produces 474 MW of thermal power and 274 MW of wind energy.

    07 Dec 2016, 4.02 pm  |  Source: PTI

  • IOC, BPCL, HPCL sign deal to set up India`s biggest oil refinery

    IOC, BPCL, HPCL sign deal to set up India's biggest oil refinery  

    The three firms signed the pact for the 60-million tonne a year refinery in Maharashtra with IOC as leader of the consortium, officials said.

    07 Dec 2016, 4.02 pm  |  Source: PTI

  • Sales down 25-30% post demonetisation, says Micromax

    Sales down 25-30% post demonetisation, says Micromax  

    Besides suffering sales online, the company said its supply chain was dented and there was a 15-18 percent decline in sales in the last few weeks.

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • `Telcos` revenues may slip 7% post RJio offer, demonetisation`

    'Telcos' revenues may slip 7% post RJio offer, demonetisation'  

    "At a time when the industry is already facing pressures on the operating metrics, owing to heightened competition, the extension of free services by RJio is expected to further push down the realisations in both the voice and dat...

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • JSW Steel`s crude steel output jumps 45% to 12L tonnes in Nov

    JSW Steel's crude steel output jumps 45% to 12L tonnes in Nov  

    Among the rolled products, the flat products registered a jump of 71 percent at 8.87 lakh tonnes. However, long products registered a decline of 2 percent at 2.21 lakh tonnes in November 2016.

    07 Dec 2016, 3.46 pm  |  Source: PTI

  • Rosneft looks to complete Essar Oil deal in `next few weeks`

    Rosneft looks to complete Essar Oil deal in 'next few weeks'  

    "What Rosneft is doing (is) we signed several purchase agreements (and) we are hoping in the next few weeks to close purchasing the Vadinar oil refinery which as you know is one of the top ten refineries in the world," said Andrew...

    07 Dec 2016, 3.36 pm  |  Source: PTI

  • BMW launches X3, X5 models with petrol powertrains in India

    BMW launches X3, X5 models with petrol powertrains in India  

    The new BMW X3 xDrive28i and BMW X5 xDrive35i will be locally produced at the company's plant in Chennai. The models are now available across the country in both petrol as well as diesel variants.

    07 Dec 2016, 2.56 pm  |  Source: PTI

  • ED registers FEMA case in Rs 22 cr fraud claim in Air Asia

    ED registers FEMA case in Rs 22 cr fraud claim in Air Asia  

    ED has issued summons to the airline's officials and a few others to submit relevant documents and explain the matter to investigators next week as part of its probe into the case registered under the Foreign Exchange Management A...

    07 Dec 2016, 2.54 pm  |  Source: PTI

  • Sun Pharma says US finds more concerns at Halol plant

    Sun Pharma says US finds more concerns at Halol plant  

    The latest notice, a Form 483, was issued to Sun after the FDA completed an inspection of the Halol plant on Dec. 1, the company said. Such a notice is issued when the FDA finds that conditions at a drug plant violate US rules.

    07 Dec 2016, 2.38 pm  |  Source: Reuters

  • After 61 tweaks in 18 yrs, TRAI plans one book for tariff orders

    After 61 tweaks in 18 yrs, TRAI plans one book for tariff orders  

    Telecom companies, which currently find themselves in a maze of tariff orders, may have only one book to refer to from next year if the regulator goes ahead with its current line of thinking. The plan is also influenced by the ris...

    07 Dec 2016, 2.32 pm  |  Source: Moneycontrol.com

  • Mahila E-haat ties up with India Post, SBI

    Mahila E-haat ties up with India Post, SBI  

    SBI users can avail multiple options for making payments such as draft, cheque, e-banking and e-wallet through "SBI Buddy" application. SBI customers abroad can make use of "SBI Global".

    07 Dec 2016, 2.30 pm  |  Source: PTI

  • Brookfield not likely to buy stake in Bharti Infratel: Srcs

    Brookfield not likely to buy stake in Bharti Infratel: Srcs   

    Quoting sources, CNBC-TV18’s Nisha Poddar says that KKR and CPPIB combined are the sole contenders now and are interested in buying majority stake in Bharti Infratel.

    07 Dec 2016, 2.02 pm  |  Source: CNBC-TV18

  • SBT to raise up to Rs 600 cr via Basel-III bonds

    SBT to raise up to Rs 600 cr via Basel-III bonds  

    "The Executive Committee of the Board of Directors of the Bank in its meeting held on December 7, 2016, has approved raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier I bonds by private placement...

    07 Dec 2016, 1.50 pm  |  Source: PTI

  • Sales will normalise by end of Q3, says Adi Godrej

    Sales will normalise by end of Q3, says Adi Godrej   

    Sales impacted due to demonetisation will normalise by the end of this quarter, says Adi Godrej, Chairman of Godrej Group. No de-growth is expected in Q3 or Q4 of the current fiscal.

    07 Dec 2016, 1.31 pm  |  Source: CNBC-TV18

  • CERC passes order in Tata Power, Adani compensatory tariff case

    CERC passes order in Tata Power, Adani compensatory tariff case   

    Even if the Supreme Court votes in favour of Tata Power and Adani Power, it is unlikely to move stock prices of these companies much as analysts have more or lesss priced in this news, feels Murtaza Arsiwalla of Kotak Institutiona...

    07 Dec 2016, 1.13 pm  |  Source: CNBC-TV18

  • Sonalika ITL`s November tractor exports grow 32%

    Sonalika ITL's November tractor exports grow 32%  

    The company exported 1,059 units in November this year as against 800 in the same month last year, Sonalika ITL said in a statement.

    07 Dec 2016, 12.44 pm  |  Source: PTI

  • Pharma sector sales down 10-12%, pain to ease by Jan: Wockhardt

    Pharma sector sales down 10-12%, pain to ease by Jan: Wockhardt   

    The pharmaceutical industry did suffer some set back with sales declining about 10-12 percent since demonetisation. However, Habil F Khorakiwala, Founder, Chairman & Group CEO of Wockhardt feels the impact will last only until Jan...

    07 Dec 2016, 12.40 pm  |  Source: CNBC-TV18

  • Coromandel stays the course for Visakhapatnam unit expansion

    Coromandel stays the course for Visakhapatnam unit expansion  

    According to the official, the proposed expansion project has potential to generate direct and indirect jobs of close to 275.

    07 Dec 2016, 12.20 pm  |  Source: PTI

  • PVR partners with Korean company to add 10 4DX screens

    PVR partners with Korean company to add 10 4DX screens  

    The company today signed an agreement with CJ 4DPLEX to add ten more 4DX screens at 'CineAsia 2016' in Hong Kong, PVR said in a statement.

    07 Dec 2016, 11.48 am  |  Source: PTI

  • ONGC exploring swap deals to import gas from Myanmar

    ONGC exploring swap deals to import gas from Myanmar  

    The unit, ONGC Videsh Ltd, and two other state companies, GAIL and Engineers India Ltd, first discussed the idea with Gazprom a few months ago, said Narendra K. Verma, ONGC Videsh's managing director.

    07 Dec 2016, 11.48 am  |  Source: Reuters

  • Ready to build Hyperloop in India: HTT Co-Founder Gresta

    Ready to build Hyperloop in India: HTT Co-Founder Gresta  

    "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pun...

    07 Dec 2016, 10.58 am  |  Source: PTI

  • Challenge ahead: IT cos cautious as new contracts up for bidding

    Challenge ahead: IT cos cautious as new contracts up for bidding  

    According to a report in Business Standard, close to 5,565 contracts worth USD 201 billion are up for a review by 2018. Indian software companies have a record of winning global bids on back of cost saving pitches and having stron...

    07 Dec 2016, 10.32 am  |  Source: Moneycontrol.com

  • E-wallets may drop bank transfer charges

    E-wallets may drop bank transfer charges  

    According to a report in DNA, e-wallet companies charge customers when they transfer money from their wallet to banks. The fee ranges from 1-3 percent. The charges are for non-KYC users. Wallet biggies are taking steps to waive th...

    07 Dec 2016, 10.01 am  |  Source: Moneycontrol.com

  • Demand down 30% since demonetisation: Raymond Chief

    Demand down 30% since demonetisation: Raymond Chief   

    Hit by demonetisation Indian textile major Raymond has seen 30 percent decline in demand over 3-4 weeks, said CEO Sanjay Behl.

    07 Dec 2016, 9.51 am  |  Source: CNBC-TV18

  • Marriott International to open around 30 hotels in 2017

    Marriott International to open around 30 hotels in 2017  

    "Marriott International is scheduled to open nearly 30 luxury hotels in 2017 and has a total of 180 luxury hotels in its development pipeline, representing 20 new countries, from Iceland and Nepal to Cuba," a release issued here s...

    07 Dec 2016, 8.26 am  |  Source: PTI

  • ICICI Bank proposes to raise funds for expansion

    ICICI Bank proposes to raise funds for expansion  

    In a regulatory filing, it said the bank proposes "fund raising in single or multiple tranches in any currency through public or private placement by way of issuances of debt instruments for remaining period of 2016-17".

    07 Dec 2016, 8.26 am  |  Source: PTI

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