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Business News

  • Forever Mark eyes 30% sales growth in India this year

    Forever Mark eyes 30% sales growth in India this year  

    "In India the demand has been explosive over the years. We saw about 35 per cent growth in 2015 in India but this year we are cautious with our estimates as the first half was hampered with jewellers strike that affected sales," F...

    25 Jul 2016, 9.52 am  |  Source: PTI

  • Jmatek plans to make India its export hub for SE Asia, Africa

    Jmatek plans to make India its export hub for SE Asia, Africa  

    The company, which is planning to invest Rs 100 crore to set up a design and development center and a new production unit, would also expand its presence in the domestic market with its range of AirTek aircoolers and dehumidifiers...

    25 Jul 2016, 9.52 am  |  Source: PTI

  • Wagh Bakri eyes Rs 1,150 cr turnover this fiscal

    Wagh Bakri eyes Rs 1,150 cr turnover this fiscal  

    With a better monsoon forecast for this year, the company aims to have a good fiscal after a lean period of 2-3 years.

    25 Jul 2016, 9.52 am  |  Source: PTI

  • Malaysian PM vows to strengthen trade ties with India

    Malaysian PM vows to strengthen trade ties with India  

    The event was organised by the Malaysia Kongu Tamilar Association, which represents 80,000 of the 200,000 Kongu Tamilar in the country.

    25 Jul 2016, 9.20 am  |  Source: PTI

  • Himalaya plans scaling up e-comm biz, targets Rs 100 cr by 2018

    Himalaya plans scaling up e-comm biz, targets Rs 100 cr by 2018  

    The Rs 2,000-crore company launched sales through its online portal himalayahealthcare.com in 2008, which it subsequently rebranded to himalayastore.com.

    25 Jul 2016, 9.20 am  |  Source: PTI

  • IndoStar Capital to launch housing finance arm soon

    IndoStar Capital to launch housing finance arm soon  

    "Four months ago, we applied for a home finance licence with the National Housing Board. We expect to get the permission in a month or so. If we get it by September, we hope to launch a home finance subsidiary by the later part of...

    25 Jul 2016, 9.18 am  |  Source: PTI

  • Cairn India deal to lift Vedanta`s rating & capex: Axis Cap

    Cairn India deal to lift Vedanta's rating & capex: Axis Cap   

    The deal will help Vedanta reduce its net debt, give access to Cairn's cash balance of about USD 3.5 billion, besides giving auxillary benefits such as improvement of credit rating and capex, says Nitesh Jain of Axis Capital.

    25 Jul 2016, 9.10 am  |  Source: CNBC-TV18

  • Improving asset quality led to lower Q1 slippages: Federal Bank

    Improving asset quality led to lower Q1 slippages: Federal Bank   

    The bank reported a 18.3 percent rise in net profit to Rs 167 crore in the first quarter while the gross non-performing assets (NPA) grew to 2.92 percent as against 2.84 percent quarter-on-quarter.

    25 Jul 2016, 9.08 am  |  Source: CNBC-TV18

  • Byju`s in advanced talks with investors to raise $50 mn

    Byju's in advanced talks with investors to raise $50 mn  

    The raised funds will be deployed to fuel international expansion and inorganic growth through global acquisitions, the company said in a press release.

    25 Jul 2016, 8.14 am  |  Source: PTI

  • Focussing on getting stuck projects operationalised: Essar Power

    Focussing on getting stuck projects operationalised: Essar Power  

    The company is burdened with Rs 20,369 crore debt and is evaluating possibilities of reducing it.

    25 Jul 2016, 8.14 am  |  Source: PTI

  • Tata Metaliks Rs 65 cr DI pipes capex to boost topline

    Tata Metaliks Rs 65 cr DI pipes capex to boost topline  

    "The capex of Rs 65 crore was done from internal generation to enhance DI pipe capacity by 50 per cent to help boost revenue," company officials told PTI.

    25 Jul 2016, 7.36 am  |  Source: PTI

  • Top seven cos add Rs 27,904 crore in market valuation

    Top seven cos add Rs 27,904 crore in market valuation  

    The combined market valuation of seven of the top 10 most valued Indian companies swelled by Rs 27,904 crore last week, with TCS leading the pack.

    24 Jul 2016, 3.30 pm  |  Source: PTI

  • Govt to set up a special court for all NSEL-related cases

    Govt to set up a special court for all NSEL-related cases  

    Government today decided to set up a special court to hear all NSEL related cases on a priority basis while also asked the Enforcement Directorate to expedite action to recover Rs 3,721 crore from defaulters, and regulator Sebi to...

    24 Jul 2016, 3.00 pm  |  Source: PTI

  • Q1 earnings to remain in focus; mkts to see volatility: Experts

    Q1 earnings to remain in focus; mkts to see volatility: Experts  

    Next batch of quarterly earnings from blue-chips Maruti Suzuki, HDFC and ICICI Bank, progress of monsoon and developments in Parliament regarding GST Bill would remain in focus for stock market this week, which is likely to see bo...

    24 Jul 2016, 2.26 pm  |  Source: PTI

  • Steel demand to grow 6% in FY17, outlook bright: JSW Steel

    Steel demand to grow 6% in FY17, outlook bright: JSW Steel  

    JSW Steel expects domestic steel demand to grow by about 6% in 2016-17, adding that the long-term outlook for the sector continues to be bright.

    24 Jul 2016, 1.48 pm  |  Source: PTI

  • RIL, BP spend Rs 4,500 cr to maintain gas output at KG-D6

    RIL, BP spend Rs 4,500 cr to maintain gas output at KG-D6  

    Reliance Industries and its partner BP plc of UK have invested over Rs 4,500 crore in the flagging eastern offshore KG-D6 block to maintain gas output at current level despite the steep natural decline that has set in in the seven...

    24 Jul 2016, 1.48 pm  |  Source: PTI

  • Lenders planning S4A breather for Alok Industries

    Lenders planning S4A breather for Alok Industries  

    SBI-led lenders to the troubled textile manufacturer Alok Industries are considering restructuring of over Rs 18,000-crore debt under the S4A (scheme for sustainable structuring of stressed assets), sources said.

    24 Jul 2016, 1.48 pm  |  Source: PTI

  • Essar Power may sell gas-based plants in Gujarat to pare debt

    Essar Power may sell gas-based plants in Gujarat to pare debt  

    Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.

    24 Jul 2016, 1.48 pm  |  Source: PTI

  • Boeing to deliver 2 Dreamliners to Air India this year

    Boeing to deliver 2 Dreamliners to Air India this year  

    US aircraft maker Boeing will deliver two Dreamliners to Air India this year and four more next year to complete the airline's order of 27 of these aircraft, even as the national carrier grapples with glitches in its fleet of 787-...

    24 Jul 2016, 12.40 pm  |  Source: PTI

  • IOC in talks to buy GSPC`s stake in Mundra LNG terminal

    IOC in talks to buy GSPC's stake in Mundra LNG terminal  

    Indian Oil Corporation (IOC) is in talks to buy debt-laden Gujarat State Petroleum Corp's (GPSC) stake in the under-construction Rs 4,500 crore Mundra LNG import terminal in Gujarat.

    24 Jul 2016, 12.40 pm  |  Source: PTI

  • Salaries to go up 10.7%, star performers to gain well: Study

    Salaries to go up 10.7%, star performers to gain well: Study  

    Salaries are likely to jump by an average 10.7 percent in July-December, with e-commerce and life science sectors expected to hand out bigger pay packets, says a study.

    24 Jul 2016, 12.40 pm  |  Source: PTI

  • FIPB to consider 12 foreign investment proposals on August 2

    FIPB to consider 12 foreign investment proposals on August 2  

    Inter-ministerial body FIPB will consider 12 foreign investment proposals, including that of Financial Times, Reckitt Benckiser India, HSBC Securities and Capital Markets, on August 2.

    24 Jul 2016, 11.36 am  |  Source: PTI

  • FPIs pump in $2 bn in July on GST traction, earnings outlook

    FPIs pump in $2 bn in July on GST traction, earnings outlook  

    Overseas investors have infused more than $2 billion into the Indian capital markets so far this month on rising hopes of passage of the GST Bill in the Rajya Sabha and expectations of better corporate earnings.

    24 Jul 2016, 11.36 am  |  Source: PTI

  • Toonz Retail eyes Rs 100-cr sales by FY18; to open 50 stores

    Toonz Retail eyes Rs 100-cr sales by FY18; to open 50 stores  

    Toonz Retail, which specialises in retailing kidswear and toys, plans to open 50 stores in two years as it chases a turnover of over Rs 100 crore by fiscal 2017-18.

    24 Jul 2016, 11.36 am  |  Source: PTI

  • `Vedanta`s vision is to eradicate poverty, create jobs in India`

    'Vedanta's vision is to eradicate poverty, create jobs in India'   

    Vedanta wants to create one major behemoth that deals with the entire commodity complex, just as BHP Billiton and Anglo American, says the group's Chairman Anil Agarwal.

    23 Jul 2016, 3.44 pm  |  Source: CNBC-TV18

  • Piramal Enterprises to raise Rs 300 cr via NCDs

    Piramal Enterprises to raise Rs 300 cr via NCDs  

    This is part of the company's plan to raise up to Rs 1,000 crore through issuance of non-convertible debentures on private placement basis, it said in a regulatory filing.

    23 Jul 2016, 2.48 pm  |  Source: PTI

  • YC Deveshwar`s last AGM in an executive role at ITC

    YC Deveshwar's last AGM in an executive role at ITC   

    While the 105th annual general meeting threw no light on succession at the comglomerate, Deveshwar left the company with a plan that should take the FMCG revenues to Rs 1 lakh crore by 2030.

    23 Jul 2016, 1.38 pm  |  Source: CNBC-TV18

  • Pokemon Go: For a cause. Gotta save `em all

    Pokemon Go: For a cause. Gotta save 'em all   

    In a bid to harness the Pokemon Go craze, activists in Syria have tweeted a series of heartbreaking images showing Syrian children holding pictures of Pokemon and asking the game's fans to come save them.

    23 Jul 2016, 1.36 pm  |  Source: CNBC-TV18

  • ONGC backs `Make in India` initiative

    ONGC backs 'Make in India' initiative  

    Indian offshore drilling companies have always fulfilled the demand of the Indian exploration market since its inception.Indian offshore drilling companies have always fulfilled the demand of the Indian exploration market since it...

    23 Jul 2016, 1.14 pm  |  Source: PTI

  • India Inc`s deal tally dips 4% to $17.5 bn in January-June

    India Inc's deal tally dips 4% to $17.5 bn in January-June  

    According to the global deal tracking firm, deal making activity in the first half of the year was down 4 percent in value terms, compared to deals worth USD 18.2 billion in January-June period of 2015.

    23 Jul 2016, 1.12 pm  |  Source: PTI

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