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Business News

  • Paytm raises USD60 mn from Mediatek

    Paytm raises USD60 mn from Mediatek  

    Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Maruti launches Swift variant priced upto Rs 6.86 lakh

    Maruti launches Swift variant priced upto Rs 6.86 lakh  

    The new variant -- Swift Deca, comes with touch screen multimedia system with bluetooth, exterior styling kit, sporty body graphics, football themed seat covers and interior styling kit.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Tata Motors lines up new vehicles;to phase out legacy products

    Tata Motors lines up new vehicles;to phase out legacy products  

    The auto major is also working on a study on phasing out some of its models both in the passenger vehicle and commercial vehicle verticals.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Future Lifestyle gets shareholders nod to raise Rs 500 cr

    Future Lifestyle gets shareholders nod to raise Rs 500 cr  

    The company has got shareholders' approval for the special resolution at its annual general meeting held yesterday to raise the said amount by issuing non-convertible debentures, the company said in a regulatory filing.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Phones worth Rs 94K cr to be made in India in FY17: Prasad

    Phones worth Rs 94K cr to be made in India in FY17: Prasad  

    In volume terms, only six crore units of mobile phones were manufactured in 2014-15 in the country, which reached 11 crore units in 2015-16, rising 83 percent.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Give people courage to fail so they can innovate: Nexus Venture

    Give people courage to fail so they can innovate: Nexus Venture  

    At CNBC-TV18's 11th edition of India Business Leader Awards, a panel discussion on diasporic Indian spoke on innovation. Naren Gupta of Nexus Venture Partners, Sunil Wadhwani of WISH Foundation and Rajan Navani, MD, JetSynthesys w...

    30 Aug 2016, 7.29 pm  |  Source: CNBC-TV18

  • Local airlines exempted from prior govt nod for code share

    Local airlines exempted from prior govt nod for code share  

    Coming out with a fresh set of guidelines, the watchdog said code share arrangement with an overseas carrier should be within the ambit of the bilateral Air Service Agreement (ASA) with the country concerned.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Anuradha Rao appointed as MD, CEO of SBI Mutual Fund

    Anuradha Rao appointed as MD, CEO of SBI Mutual Fund  

    Prior to this, Rao was Deputy Managing Director at SBI handling New Business Portfolio. She has also worked as the Chief General Manager of personal banking at the bank.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • RBI allows foreign investors higher holding in Ultra Tech

    RBI allows foreign investors higher holding in Ultra Tech  

    The company passed resolutions at its board of directors level and a special resolution by the shareholders, agreeing to raising the limit for purchase of its equity shares by FIIs/RFPIs.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • India`s sugar output to fall by 3.7 MT due to droughts: Report

    India's sugar output to fall by 3.7 MT due to droughts: Report  

    Sugar production in Asia is expected to be significantly lower in the 2016-17 sugar season as the 2015 El Nino-induced drought pulled output down to a five-year low, a Rabo Bank report said.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Driving consumption key for FMCG cos: Pepsi India CEO

    Driving consumption key for FMCG cos: Pepsi India CEO   

    While Shivakumar says PepsiCo has started giving healthier alternatives to its products, Ajay Kaul of Jubilant Foodworks says fast-food is a guilty pleasure for consumers and they don't mind indulging in moderation.

    30 Aug 2016, 6.49 pm  |  Source: CNBC-TV18

  • IMG to review status of Essar iron ore, Vedanta gold mine

    IMG to review status of Essar iron ore, Vedanta gold mine  

    Post-Auction Mining Clearances and Approvals Facilitator (PAMCAF), which is chaired by Mines Secretary, will meet on September 8, to review the status of seven mineral blocks, which have been successfully auctioned so far, a senio...

    30 Aug 2016, 6.22 pm  |  Source: PTI

  • DLF to relook biz model for housing segment

    DLF to relook biz model for housing segment  

    DLF's net debt rose by Rs 285 crore during the first quarter of the current fiscal to Rs 22,487 crore.

    30 Aug 2016, 6.22 pm  |  Source: PTI

  • New Jag sets record as fastest selling car for Tata JLR

    New Jag sets record as fastest selling car for Tata JLR  

    The new Jaguar F-Pace launched by Tata Motors-owned Jaguar Land Rover (JLR) last year has set a record as the fastest selling car in the company´┐Żs history.

    30 Aug 2016, 6.20 pm  |  Source: PTI

  • KVB to consider stock split at board meeting next month

    KVB to consider stock split at board meeting next month  

    Private sector Karur Vysya Bank (KVB) will consider stock split at meeting of the Board of Directors' next month.

    30 Aug 2016, 6.18 pm  |  Source: PTI

  • HomeCues merges with SBricks Castle Care

    HomeCues merges with SBricks Castle Care  

    The combined entity, which will henceforth be called as SBricks Castle Care Pvt Ltd, foresees a growing business opportunity in the market for facilities management, laundry and home services, among others, according to an SBricks...

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • Foodpanda to raise funds for expansion

    Foodpanda to raise funds for expansion  

    Foodpanda, which had attained operational profitability early this year, is aiming to regulate and standardise the quality measures.

    30 Aug 2016, 6.14 pm  |  Source: PTI

  • Rel Comm to offer 300 minutes of 4G calling at Re 1

    Rel Comm to offer 300 minutes of 4G calling at Re 1  

    The Anil Ambani-led firm will bundle 300 minutes of app- to-app talking, valid for 30 days at Re 1, translating into 10 minutes usage per day under the limited period offer.

    30 Aug 2016, 5.08 pm  |  Source: PTI

  • Listing of Godrej Agrovet not in immediate future: Adi Godrej

    Listing of Godrej Agrovet not in immediate future: Adi Godrej  

    Godrej Group would look at listing animal feed and agri-business company Godrej Agrovet, though no time frame has been proposed for the exercise.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • Adani`s solar equipment mfg facility may commence by yr-end

    Adani's solar equipment mfg facility may commence by yr-end  

    Gautam Adani-led Adani Enterprises is expecting to commission the first phase of its solar power equipment facility being set up in Gujarat by year-end, a senior company official said.

    30 Aug 2016, 5.00 pm  |  Source: PTI

  • Why real estate developers are down but not out

    Why real estate developers are down but not out  

    Last week, the Supreme Court ordered two real estate giants DLF and Parsvnath Developers to compensate flat buyers for delay in delivery of houses in Chandigarh and Delhi, respectively. While it is bad for the real estate sector r...

    30 Aug 2016, 4.53 pm  |  Source: Moneycontrol.com

  • Green panel clears SAIL`s Rs 5,419 cr modernisation plans

    Green panel clears SAIL's Rs 5,419 cr modernisation plans  

    SAIL has proposed modernisation of its Rourkela Steel Plant (RSP) by setting up a new hot strip mill with a production capacity of 3 million tonnes per annum (MTPA), beneficiation plant of 3.3 MTPA and pellet plant of 2 MTPA.

    30 Aug 2016, 4.14 pm  |  Source: PTI

  • IOC raises oil import from Iran to 5 MT for FY`17

    IOC raises oil import from Iran to 5 MT for FY'17  

    India has steadily raised crude oil imports from Iran after US sanctions were lifted in January this year. Iran today is India's fourth biggest crude oil supplier.

    30 Aug 2016, 3.40 pm  |  Source: PTI

  • RCom announces 300 minutes of app-to-app calling for Re 1

    RCom announces 300 minutes of app-to-app calling for Re 1   

    In an interview to CNBC-TV18's Prerna Baruah, Gurdeep Singh, CEO-Consumer Business, Reliance Communication, said today's consumers are chat-centric and they do a lot of stuff on chat including commerce, talking and video-calling.

    30 Aug 2016, 3.39 pm  |  Source: CNBC-TV18

  • IBJA appoints Mukesh Mehta as president

    IBJA appoints Mukesh Mehta as president  

    Mukesh Mehta is a director of Mark Bangles and has already been on the IBJA Board for the last four years and has served on various committees, IBJA said in a release issued here.

    30 Aug 2016, 3.30 pm  |  Source: PTI

  • Microsoft appoints Bala Girisaballa as CEO of Accelerator

    Microsoft appoints Bala Girisaballa as CEO of Accelerator  

    Prior to this, Bala was with Globalisation and market expansion advisory Zinnov as Partner and Practice Head helping MNC R&D companies.

    30 Aug 2016, 2.54 pm  |  Source: PTI

  • Dilip Buildcon eyes IRR of about 18% from UP four-laning project

    Dilip Buildcon eyes IRR of about 18% from UP four-laning project   

    Speaking to CNBC-TV18 Rohan Suryavanshi of Dilip Buildcon said the company has bagged a new government for four-laning between Lucknow and Sultanpur in Uttar Pradesh.

    30 Aug 2016, 2.24 pm  |  Source: CNBC-TV18

  • Cipla gets USFDA nod for generic anti-depressant drug

    Cipla gets USFDA nod for generic anti-depressant drug  

    "InvaGen Pharmaceuticals Inc has received final approval for its abbreviated new drug application (ANDA) for Bupropion Hydrochloride extended release tablets (XL), 150 mg and 300 mg, from the United States Food and Drug Administra...

    30 Aug 2016, 2.10 pm  |  Source: PTI

  • Will report profit in FY17: TD Power System

    Will report profit in FY17: TD Power System   

    "We are seeing big decline in the domestic market though we will report profit in FY17", Nikhil Kumar, MD of TD Power System told CNBC-TV18.

    30 Aug 2016, 2.04 pm  |  Source: CNBC-TV18

  • US companies highly optimistic on GST rollout: USIBC President

    US companies highly optimistic on GST rollout: USIBC President   

    US companies have raised issues regarding the GST, solvency and ease of doing business. India has responded to all the queries. But queries concerning H1B visa and participation in APAC raised by Indian companies have not been ans...

    30 Aug 2016, 2.02 pm  |  Source: CNBC-TV18

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