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  • Hiving off one of units of Brazilian subsidiary: Shree Renuka

    Hiving off one of units of Brazilian subsidiary: Shree Renuka   

    Speaking about the same to CNBC-TV18, Narendra Murkumbi of Shree Renuka Sugars said the banks were ready to take 70 percent haircut and exit with 30 percent of the face value of the debt.

    29 Aug 2016, 11.14 am  |  Source: CNBC-TV18

  • CIL board okays pact with S African firm for mines acquisition

    CIL board okays pact with S African firm for mines acquisition  

    Coal and Power Minister Piyush Goyal had earlier in the month informed Parliament that CIL is looking at entering into a pact with a South African government miner to jointly acquire coal mines in that country.

    29 Aug 2016, 9.58 am  |  Source: PTI

  • Digital-savvy Canara HSBC OBC Life Insurance sees 30% growth

    Digital-savvy Canara HSBC OBC Life Insurance sees 30% growth  

    "In 2015-16, we grew by 35 percent, while the industry grew by about 15 percent. As our model is bancassurance, we are favourably placed and this is what is leading to this kind of growth," Anuj Mathur, CEO Canara HSBC OBC Life In...

    29 Aug 2016, 9.56 am  |  Source: PTI

  • `Coal freight hike may force cos to pass burden to consumers`

    'Coal freight hike may force cos to pass burden to consumers'  

    Last week, Indian Railways facing a shortfall in freight loading, rationalised its coal tariff by reducing long-distance transportation rates, while raising it for short distances. It also imposed a Rs 110 per tonne coal terminal ...

    29 Aug 2016, 9.56 am  |  Source: PTI

  • Allcargo lines up Rs 170 cr for logistics park, freight station

    Allcargo lines up Rs 170 cr for logistics park, freight station  

    Having already announced a target to almost triple its revenue to USD 2 billion by 2020, the company, which primarily serves the exim trade now, is looking to enter the domestic space with businesses like express delivery, its Cha...

    29 Aug 2016, 9.56 am  |  Source: PTI

  • Signature Global to invest Rs 950 cr in 5 budget housing projs

    Signature Global to invest Rs 950 cr in 5 budget housing projs  

    Signature Global, one of the key stakeholder of financial investment firm SMC Group, had in May raised Rs 150 crore from ICICI Prudential's real estate fund for development of five ongoing and future affordable housing projects.

    29 Aug 2016, 9.54 am  |  Source: PTI

  • Bharti unveils ‘India with Airtel’ suite

    Bharti unveils ‘India with Airtel’ suite  

    The company believes that having all the solutions at one place will eliminate the challenge that global businesses may face -- of dealing with multiple vendors and related integration issues -- when they set up operations in the ...

    29 Aug 2016, 9.54 am  |  Source: PTI

  • Trident gets green nod for Rs 440 cr paper mill expansion proj

    Trident gets green nod for Rs 440 cr paper mill expansion proj  

    The company, which was established in 1993, has proposed upgradation of paper machines to increase production of paper from 1,35,000 tonnes per annum (TPA) to 2,10,000 TPA and increase captive co-generation plant from 45.9 MW to 9...

    29 Aug 2016, 9.54 am  |  Source: PTI

  • CIL strike: Govt open to discussions, says Piyush Goyal

    CIL strike: Govt open to discussions, says Piyush Goyal  

    The trade unions are slated to go on a nation-wide stir on September 2 to press for their various demands. "We believe as a government that healthy conversations and discussions are the way forward," Goyal said in a interview to P...

    29 Aug 2016, 9.28 am  |  Source: PTI

  • Luxury car makers rush to bring in petrol variants

    Luxury car makers rush to bring in petrol variants  

    While Mercedes-Benz will make available petrol variants for all its models sold in India by next month so as to align with the demand shift, Audi is likely to complete such an exercise by the first quarter of next year. Tata Motor...

    29 Aug 2016, 9.26 am  |  Source: PTI

  • ICRVL eyes Rs 500 cr business from Boutique Living in 5 years

    ICRVL eyes Rs 500 cr business from Boutique Living in 5 years  

    ICRVL is a subsidiary of Mumbai-based textile manufacturer and exporter Indo Count Industries (ICIL). ICIL reported turnover of Rs 2,213 crore in the fiscal year 2015-16.

    29 Aug 2016, 9.26 am  |  Source: PTI

  • Power Grid to electrify 1,000 km of rail tracks on pilot basis

    Power Grid to electrify 1,000 km of rail tracks on pilot basis  

    The electrification project will help the government cut down crude imports and also ensure faster movement of trains on these tracks.

    29 Aug 2016, 9.26 am  |  Source: PTI

  • IACC Convention: Pharma & the USFDA jigsaw

    IACC Convention: Pharma & the USFDA jigsaw   

    Watch the interview of DG Shah, Habil Khorakiwala, KG Ananthakrishnan, Nandkumar Chodankar, SK Nanda, Sudhansh Pant to CNBC-TV18’s Ekta Batra where they spoke about issues that standout in terms of India and America and the phar...

    29 Aug 2016, 9.23 am  |  Source: CNBC-TV18

  • NBCC share sale: 8 merchant bankers vie to manage the show

    NBCC share sale: 8 merchant bankers vie to manage the show  

    The eight merchant bankers, which include SBI Capital Markets, Axis Bank and Edelweiss, will make presentation before the officials of the department of investment and public asset management (DIPAM) on Tuesday.

    29 Aug 2016, 9.12 am  |  Source: PTI

  • AM Naik to focus remaining tenor to mentor young leaders at L&T

    AM Naik to focus remaining tenor to mentor young leaders at L&T  

    "There are many things that are yet to be done before I retire next year. Apart from restructuring the small businesses and making the company asset-light, I want to create the next level of leadership in the next one year," Naik ...

    29 Aug 2016, 9.12 am  |  Source: PTI

  • Activa contributes 38% of incremental industry sales in July

    Activa contributes 38% of incremental industry sales in July  

    The Activa for the first time ended the 15-year reign of Splendor from the Hero MotorCorp stable in March 2014 and also for five months in 2015.

    29 Aug 2016, 9.10 am  |  Source: PTI

  • Big Deal: Credit Suisse top of the league!

    Big Deal: Credit Suisse top of the league!   

    Credit Suisse has managed to crack maximum number of deals in recent times, ahead of top global investment banks. CNBC-TV18 caught up with the investment banking team of Credit Suisse to find out what driving all the deal activity...

    29 Aug 2016, 9.07 am  |  Source: CNBC-TV18

  • REC to seek shareholder nod on Sept 21 for raising Rs 50,000cr

    REC to seek shareholder nod on Sept 21 for raising Rs 50,000cr  

    In a filing to the BSE, REC said the company can issue via private placement unsecured/secured non-convertible bonds/ debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.

    29 Aug 2016, 8.28 am  |  Source: PTI

  • India, US eye bilateral trade worth $500 bn: Report

    India, US eye bilateral trade worth $500 bn: Report  

    According to a recent joint report by PwC and Indo American Chamber of Commerce (IACC), bilateral relations between India and the US have been cemented further in the last two years with increased issuance of visas, visits by dign...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Adani Enterprises promoters pledge shares

    Adani Enterprises promoters pledge shares  

    With this, the total number of shares pledged by Gautam Adani/Rajesh S Adani (on behalf of S B Adani Family Trust) in Adani Enterprises, have gone up to 10.01 percent of the total share capital, the company said in a disclosure to...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Roadshow in Shanghai to attract Chinese investment in tourism

    Roadshow in Shanghai to attract Chinese investment in tourism  

    "Never was there a more favourable time to invest in India than now with strong macro-economic indicators and the government's commitment to investment facilitation like never before," Tourism Secretary Vinod Zutshi said while add...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Qatar National Bank gets go-ahead to open branch in India

    Qatar National Bank gets go-ahead to open branch in India  

    The bank, which in June completed the 2.7 billion euro purchase of Turkey's Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia.

    29 Aug 2016, 8.04 am  |  Source: Reuters

  • South Africa`s Blue Label optimistic about India operations

    South Africa's Blue Label optimistic about India operations  

    The company remains optimistic because in the same financial year, it had increased its customer base by 5.4 million to 22.6 million.

    29 Aug 2016, 7.46 am  |  Source: PTI

  • Quiz: How closely did you follow the week`s biz news?

    Quiz: How closely did you follow the week's biz news?  

    Here's a wrap of some big and small newsmakers of the week gone by. Take the quiz to test your business news quotient.

    28 Aug 2016, 7.33 pm  |  Source: Moneycontrol.com

  • V O C Port inks pact with SECI to set up 5 MW solar plant

    V O C Port inks pact with SECI to set up 5 MW solar plant  

    The V O Chidambaranar Port has inked a Memorandum of Understanding with Solar Energy Corporation of India (SECI) to install a 5 MW solar power plant.

    28 Aug 2016, 4.00 pm  |  Source: PTI

  • No reason to hold minority stake in Hindustan Zinc, says Goyal

    No reason to hold minority stake in Hindustan Zinc, says Goyal  

    The government has no "strategic interest" in holding a minority 29.54 percent stake in Hindustan Zinc Ltd (HZL), according to Mines Minister Piyush Goyal.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • New UK Trade Minister Fox to meet Sitharaman tomorrow

    New UK Trade Minister Fox to meet Sitharaman tomorrow  

    Commerce and Industry Minister Nirmala Sitharaman will meet her UK counterpart Liam Fox on Monday to discuss ways to strengthen trade and economic ties between the two countries post Brexit.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • Draft vehicle scrapping policy to be ready in a fortnight

    Draft vehicle scrapping policy to be ready in a fortnight  

    Aiming to scrap nearly 15 lakh heavy vehicles that are more than 15 years old in the first phase, Union Minister Nitin Gadkari has said the draft policy will be ready in a fortnight.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • LIC to fill posts for 2 MDs; yet to name chairman

    LIC to fill posts for 2 MDs; yet to name chairman  

    State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for...

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • Maruti continues to rule passenger vehicles segment

    Maruti continues to rule passenger vehicles segment   

    Maruti Suzuki India has maintained its leadership position in the country's passenger vehicle (PV) market in July with seven of its models featuring in the top 10 selling brands last month, including recently launched compact SUV...

    28 Aug 2016, 2.04 pm  |  Source: PTI

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