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  • Expect consolidated margin to hold at 17% in FY17: Rain Ind

    Expect consolidated margin to hold at 17% in FY17: Rain Ind   

    Rain Industries' CFO T Srinivasa Rao expects cement demand and capacity utilisation to improve going ahead.

    26 Aug 2016, 12.19 pm  |  Source: CNBC-TV18

  • Sri Lanka seeks Indian investor for Colombo port

    Sri Lanka seeks Indian investor for Colombo port  

    Ports Minister Arjuna Ranatunga said they would like to see an Indian investor take at least a 20 per cent stake in a consortium that will run the 'East Terminal' of the expanded deep draught South Harbour of Colombo Port.

    26 Aug 2016, 12.16 pm  |  Source: PTI

  • Infosys says seeing client-specific softness after Brexit

    Infosys says seeing client-specific softness after Brexit   

    Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said.

    26 Aug 2016, 12.00 pm  |  Source: Reuters

  • Expect to close FY17 with revenues of over Rs 1000cr: Sequent

    Expect to close FY17 with revenues of over Rs 1000cr: Sequent   

    Even as Sequent Scientific is mainly focused on animal health active pharmaceutical ingredients, it is also looking to expand its human health business.

    26 Aug 2016, 11.19 am  |  Source: CNBC-TV18

  • Trastuzumab marketing approval may come in 12-18 months: Biocon

    Trastuzumab marketing approval may come in 12-18 months: Biocon   

    The European Medicines Agency (EMA) has accepted to review Mylan and Biocon’s application for a biosimilar called Trastuzumab, used for certain breast and gastric cancers.

    26 Aug 2016, 9.13 am  |  Source: CNBC-TV18

  • Allcargo, CCI form supply chain JV; eye Rs 1,000 cr biz by 2020

    Allcargo, CCI form supply chain JV; eye Rs 1,000 cr biz by 2020  

    The JV called Avashya CCI Logistics, is targeting a revenue of Rs 1,000 crore by 2020 from the present Rs 450 crore, Allcargo Chairman Shashikiran Shetty said.

    26 Aug 2016, 9.00 am  |  Source: PTI

  • Coal India`s 66 coal mine projects facing delays

    Coal India's 66 coal mine projects facing delays  

    "Out of the 123 coal mining projects (of Coal India) costing Rs 20 crore and above, 57 projects are running on schedule and 66 are delayed," an official said.

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Prism Cement to raise up to Rs 1,250 cr via pvt placement

    Prism Cement to raise up to Rs 1,250 cr via pvt placement  

    Shareholders through a special resolution allowed the board for making offers to subscribe to secure/unsecured non-convertible debentures (NCDs), including but not limited to bonds and/or other debt securities on private placement...

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Tata Global Beverages, Tata Trusts partner Smile Train

    Tata Global Beverages, Tata Trusts partner Smile Train  

    Tata Global Beverages and Tata Trusts are together contributing USD 1 million to Smile Train, Tata Global Beverages and Tata Trusts said in a statement.

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Flipkart aims to secure additional Rs 75 crore loans to sellers

    Flipkart aims to secure additional Rs 75 crore loans to sellers  

    The Bengaluru-based firm, which has partnered eight financial institutions including Axis Bank, Bajaj Finserv, NeoGrowth, Lendingkart and Capital First to offer collateral-free loans to sellers on its platform, has already disburs...

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Kenya Power, Toshiba sign pact to reduce distribution losses

    Kenya Power, Toshiba sign pact to reduce distribution losses  

    The MoU (memorandum of understanding) will guide installation, testing and evaluation of equipment that will be supplied by TTDI, on a trial basis, to improve efficiency and reduce both technical and commercial losses in the distr...

    26 Aug 2016, 8.56 am  |  Source: PTI

  • Blackstone sells 3.25% stake in NCC

    Blackstone sells 3.25% stake in NCC  

    Blackstone GPV Capital Partners (Mauritius) V-A Ltd and Blackstone FP Capital Partners (Mauritius) V FII Ltd sold 1,80,60,002 shares of the company constituting 3.25 percent stake through open market sales, it said in a regulatory...

    26 Aug 2016, 8.56 am  |  Source: PTI

  • Aadhar Housing Finance`s merger with DHFL Vysya gets CCI nod

    Aadhar Housing Finance's merger with DHFL Vysya gets CCI nod  

    Under the deal, Aadhar Housing Finance would be merged with DHFL Vysya and the latter would be the surviving entity.

    26 Aug 2016, 8.52 am  |  Source: PTI

  • Jio expands free 4G offer to Gionee, Karbonn, Lava users

    Jio expands free 4G offer to Gionee, Karbonn, Lava users  

    The owner of 4G-compliant handset from any of these brands needs to carry it to Reliance Digital stores, including Digital Xpress and Digital Xpress Mini, and other retail stores for a free SIM.

    26 Aug 2016, 8.52 am  |  Source: PTI

  • Aditya Birla Fashion eyes raising up to Rs 1,250 cr via bonds

    Aditya Birla Fashion eyes raising up to Rs 1,250 cr via bonds  

    The company also plans to raise its borrowing limit to Rs 3,500 crore for its business requirements, Aditya Birla Fashion and Retail Ltd (ABFRL) said in a BSE filing.

    26 Aug 2016, 8.52 am  |  Source: PTI

  • `Indian fintech investments 2nd largest in Asia-Pac at $339 mn`

    'Indian fintech investments 2nd largest in Asia-Pac at $339 mn'  

    "While China has attracted the most amount of investments, India stands second in the analysis with USD 339 million," according to Accenture analysis of CB Insights data.

    26 Aug 2016, 8.52 am  |  Source: PTI

  • Specified borrower norms to hit banks with high current A/c: SBI

    Specified borrower norms to hit banks with high current A/c: SBI   

    SBI’s CASA stems more from savings accounts and not current account and is unlikely to be affected by the RBI’s directive for specified borrowers, said SBI Managing Director Parveen Kumar Gupta told CNBC-TV18.

    26 Aug 2016, 8.36 am  |  Source: CNBC-TV18

  • V O C Port handles record 14,590 tonnes wheat

    V O C Port handles record 14,590 tonnes wheat  

    The Port, in a release, said it had also created a new record by handling 22,055 tonnes of Copper slag on August 9 this year, surpassing the previous record of 10,815 tonnes on July 8, 2007.

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Coal India workers` strike on Sept 2 seen to have limited impact

    Coal India workers' strike on Sept 2 seen to have limited impact  

    The trade unions will go on a nation-wide stir on September 2 to press for their various demands.

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Bad time continues for banks; KFA brands fail to find buyers

    Bad time continues for banks; KFA brands fail to find buyers  

    Banks also had put on the block some of the moveable assets of the company worth Rs 13.70 lakh lying at the Kingfisher House, for which, too, no bidders came forward.

    26 Aug 2016, 7.48 am  |  Source: PTI

  • IndiGo seeks shareholder nod to up borrowing cap to Rs 20,000 cr

    IndiGo seeks shareholder nod to up borrowing cap to Rs 20,000 cr  

    Increasing the borrowing limit is among the proposals for which the airline will be seeking nod at the annual general meeting to be held on September 21.

    26 Aug 2016, 7.48 am  |  Source: PTI

  • DHFL to raise Rs 10,000 cr via NCDs, issue opens on August 29

    DHFL to raise Rs 10,000 cr via NCDs, issue opens on August 29  

    The NCD issue of face value of Rs 1,000 each with a base issue size of Rs 2,000 crore and an option to retain oversubscription of up to Rs 8,000 crore aggregating up to Rs 10,000 crore opens on August 29, DHFL said in a statement.

    26 Aug 2016, 7.48 am  |  Source: PTI

  • Eros Now announces integration deal with Reliance Jio

    Eros Now announces integration deal with Reliance Jio  

    Thanks to this move, consumers will be able to access Eros Now within the Jio ecosystem while the telecom operator will give Eros Now an opportunity to get new subscribers throughout urban and rural India.

    25 Aug 2016, 10.32 pm  |  Source: Moneycontrol.com

  • Indian startups are lining up for a dash of debt financing

    Indian startups are lining up for a dash of debt financing   

    Naveen Tewari, Co-founder & Chief Executive Officer, Inmobi, suggests every startup go in for a debt round. "Its a cheaper form of capital, if your financials allow for it," he says.

    25 Aug 2016, 10.12 pm  |  Source: CNBC-TV18

  • Why Indian ports are unfazed despite many headwinds

    Why Indian ports are unfazed despite many headwinds   

    Even as the Indian ports sector faces numerous challenges which include low coal imports, there is a big slowdown in global trade on containers and a slowdown in China on bulk exports. The industry is unfazed.

    25 Aug 2016, 9.53 pm  |  Source: CNBC-TV18

  • Rent a tractor on Trringo: M&M kicks off new tech startup

    Rent a tractor on Trringo: M&M kicks off new tech startup  

    Farmers can now rent tractors and agricultural equipment from their homes. Trringo has announced that it will set up 101 custom hiring centres in the state, investing Rs 50 lakh per centre.

    25 Aug 2016, 9.45 pm  |  Source: CNBC-TV18

  • In private labels, etailers hope to fashion bigger profits

    In private labels, etailers hope to fashion bigger profits  

    For online marketplaces, it is all about profits -- more importantly it is also about cutting costs and expanding margins. And one way to do just that -- earning an extra buck for every product it sells - is by selling private l...

    25 Aug 2016, 9.36 pm  |  Source: Moneycontrol.com

  • Bloomberg acquires Barclays Risk Analytics

    Bloomberg acquires Barclays Risk Analytics  

    The benchmark indices will be co-branded 'Bloomberg Barclays Indices' for an initial period of five years.

    25 Aug 2016, 9.24 pm  |  Source: PTI

  • Welspun fiasco follows yrs of plummeting Egyptian cotton output

    Welspun fiasco follows yrs of plummeting Egyptian cotton output  

    The Cotton Egypt Association lists Welspun as one of just three companies permitted to label its products with the association's "Gold Seal," which was launched earlier this year and is meant to ensure authenticity.

    25 Aug 2016, 9.14 pm  |  Source: Reuters

  • J Kumar-CRTG JV gets LOA for Rs 5,012-cr project from MMRC

    J Kumar-CRTG JV gets LOA for Rs 5,012-cr project from MMRC  

    J Kumar Infraprojects today said Mumbai Metro Rail Corporation Ltd (MMRC) has issued LOA (letter of award) to J Kumar-CRTG's joint venture for Rs 5,012 crore projects.

    25 Aug 2016, 8.52 pm  |  Source: PTI

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