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  • Bharat Petroleum and IOC launch LNG buy tenders - trade sources

    Bharat Petroleum and IOC launch LNG buy tenders - trade sources  

    India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.

    30 Sep 2016, 9.51 pm  |  Source: Reuters

  • Missed out on startup action so far: Mukund Rajan

    Missed out on startup action so far: Mukund Rajan   

    In choppy markets, well-established conglomerates become islands of stability for investors; that's the word coming in from Tata Sons Brand Custodian Mukund Rajan.

    30 Sep 2016, 9.32 pm  |  Source: CNBC-TV18

  • Kohinoor Group-Pune to invest Rs 300 cr in logistics parks

    Kohinoor Group-Pune to invest Rs 300 cr in logistics parks  

    "We are setting up two logistics parks in Chakan and Ranjangaon in Maharashtra. The Rs 600 crore projects will be funded through 50:50 JV and we will invest around Rs 300 crore in the said project," KDC Joint Managing Director V...

    30 Sep 2016, 9.24 pm  |  Source: PTI

  • Vedanta elevates Arun Kumar as Group CFO; D D Jalan retires

    Vedanta elevates Arun Kumar as Group CFO; D D Jalan retires  

    Kumar, currently Deputy CFO at Vedanta, takes over from Group CFO and whole-time director of Vedanta Ltd Jalan on his superannuation, effective September 30, it said in a statement.

    30 Sep 2016, 9.24 pm  |  Source: PTI

  • Shriram Transport Finance raises Rs 410 crore via bonds

    Shriram Transport Finance raises Rs 410 crore via bonds  

    Bonds of 3 years tenure will carry coupon of 8.15 percent per annum, 910 days of 8.1145 percent and that for 1092 days the coupon rate will be 8.25 percent.

    30 Sep 2016, 8.46 pm  |  Source: PTI

  • Kotak to buy BSS MFI for Rs 139.2 cr in all cash deal

    Kotak to buy BSS MFI for Rs 139.2 cr in all cash deal  

    Kotak Mahindra Bank today announced it is acquiring Karnataka-focused BSS Microfinance for Rs 139.2 crore in an all cash deal, which would enable the private sector lender to enter the high-growth microlending segment.

    30 Sep 2016, 8.44 pm  |  Source: PTI

  • Fortis Healthcare gives corporate guarantee for subsidiary

    Fortis Healthcare gives corporate guarantee for subsidiary  

    Fortis Healthcare today said it is providing corporate guarantee for a term loan of Rs 225 crore that its subsidiary Fortis Hospitals is availing from Yes Bank.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • Cognizant appoints Rajeev Mehta as President

    Cognizant appoints Rajeev Mehta as President  

    IT major Cognizant has appointed company veteran Rajeev Mehta as its new President.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • RCom gets Rajasthan HC approval for Sistema acquisition

    RCom gets Rajasthan HC approval for Sistema acquisition  

    Reliance Communications today said Rajasthan High Court has approved its deal to acquire Russian conglomerate Sistema's Indian telecom unit, Sistema Shyam Teleservices Ltd (SSTL), that operates under the MTS brand.

    30 Sep 2016, 8.18 pm  |  Source: PTI

  • Muthoot Finance to raise Rs 500 crore via NCDs in November

    Muthoot Finance to raise Rs 500 crore via NCDs in November  

    The proposal to raise money through the pubic issue of debt securities was taken at the company's annual general meeting held on September 29 at Kochi, the company said in a statement.

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • Kotak Mahindra Bank to acquire BSS Microfinance for Rs 139 cr

    Kotak Mahindra Bank to acquire BSS Microfinance for Rs 139 cr  

    The acquisition process is expected to be completed in about 3-4 months for a cash consideration of Rs 139.2 crore, Kotak Mahindra Bank said.

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • RJio row: Trai seeks daily report from telcos on congestion

    RJio row: Trai seeks daily report from telcos on congestion  

    "We have asked operators for report on congestion over point of interconnection on daily basis. We have earlier sought report for period between September 15-19. Now we have asked for reports post September 19," Trai Chairman R S ...

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • Govt readies contingency plan for coal supply to NTPC plants

    Govt readies contingency plan for coal supply to NTPC plants  

    The government has drawn up contingency plan for coal based power plants at Anpara, Rihand, Singrauli and Vindhyachal affected due to excessive rains in the Northern Coalfields Ltd (NCL) area during the last few days, an official ...

    30 Sep 2016, 7.58 pm  |  Source: PTI

  • Cognizant launches corruption investigation in US

    Cognizant launches corruption investigation in US  

    A Reuters report mentions that Cognizant is investigating whether certain payments made to facilities in India were improper or not.

    30 Sep 2016, 7.57 pm  |  Source: Moneycontrol.com

  • DGCA eases restrictions on Galaxy Note 7 use in planes

    DGCA eases restrictions on Galaxy Note 7 use in planes  

    The ban remains on Galaxy Note 7 devices purchased before September 15 which have seen battery overheating and have a white battery charge indication on the screen.

    30 Sep 2016, 7.22 pm  |  Source: PTI

  • Textile industry seeks cotton fibre security policy

    Textile industry seeks cotton fibre security policy  

    The industry also requested the government to direct Cotton Corporation of India to procure 70 to 80 lakh bales in peak season when prices rules lower than global rates and retain cotton as buffer stock and sell this quantity only...

    30 Sep 2016, 7.22 pm  |  Source: PTI

  • CCI approves Coffee Day Overseas-Coffee Day Enterprises deal

    CCI approves Coffee Day Overseas-Coffee Day Enterprises deal  

    Post amalgamation, all the assets, investments, rights, title and interests of Coffee Day Overseas will be transferred to Coffee Day Enterprises.

    30 Sep 2016, 7.20 pm  |  Source: PTI

  • Tork Motors launches electric bike T6X priced at Rs 1.25 lakh

    Tork Motors launches electric bike T6X priced at Rs 1.25 lakh  

    Electric motorcycle maker Tork Motors today launched its first model T6X at a promotional price of Rs 1.25 lakh.

    30 Sep 2016, 7.20 pm  |  Source: PTI

  • 95% of India sales now `Made in India`: Coolpad

    95% of India sales now 'Made in India': Coolpad  

    Chinese handset maker Coolpad today said about 95 per cent of its smartphones sold in the country are assembled locally.

    30 Sep 2016, 7.20 pm  |  Source: PTI

  • Future Lifestyle Fashions hives off Lee Cooper as subsidiary

    Future Lifestyle Fashions hives off Lee Cooper as subsidiary  

    Kishore Biyani-controlled Future Lifestyle Fashions today said it has hived off its leading brand Lee Cooper into a new step-down subsidiary, Future Specialty Retail.

    30 Sep 2016, 7.20 pm  |  Source: PTI

  • Telcos should tank-up spectrum; next sale may take long: DoT

    Telcos should tank-up spectrum; next sale may take long: DoT  

    "After this auction we believe, there will no spectrum shortage in India. This problem of spectrum scarcity affecting quality of service will be history," Telecom Secretary JS Deepak told PTI.

    30 Sep 2016, 6.54 pm  |  Source: PTI

  • Industry divided on impact of gas price reduction

    Industry divided on impact of gas price reduction   

    As the government on Friday cut gas prices to USD 2.5 mmbtu till FY17-end, industry experts seemed divided on the benefits of the reduction. While former ONGC Executive RS Sharma was critical of the pricing policy, IIFL's Sanjiv B...

    30 Sep 2016, 6.36 pm  |  Source: CNBC-TV18

  • Aggressive bidding for EPC projs in highways: ICRA

    Aggressive bidding for EPC projs in highways: ICRA  

    The sample study also suggests that some EPC contractors are bidding aggressively even with slim margins in order to shore up the order book, it said.

    30 Sep 2016, 6.34 pm  |  Source: PTI

  • Moody`s downgrades Gail to `Baa3` with positive outlook

    Moody's downgrades Gail to 'Baa3' with positive outlook  

    "The rating downgrade reflects the continued growth in Gail's cyclical business segments, which have a much higher business risk than its core gas transmission business," Moody's Senior Analyst Abhishek Tyagi said in a note.

    30 Sep 2016, 6.04 pm  |  Source: PTI

  • Salman Khan`s Being Human brand enters jewelery segment

    Salman Khan's Being Human brand enters jewelery segment  

    The collection includes fashion and fine diamond jeweleries, designed by Style Quotient Jewelery, which is exclusive licensee to manufacture, distribute and retail the brand.

    30 Sep 2016, 6.04 pm  |  Source: PTI

  • BSNL, MTNL to provide Wi-Fi services at 100 tourist places

    BSNL, MTNL to provide Wi-Fi services at 100 tourist places  

    A total of 100 tourist places, including world heritage sites, will be identified where the service will be provided within the next six months, Tourism Secretary Vinod Zutshi said today.

    30 Sep 2016, 6.04 pm  |  Source: PTI

  • Daily round up: News from the world of business

    Daily round up: News from the world of business  

    Commenting on the launch, MTWL Senior General Manager Sales, Marketing & Product Planning Naveen Malhotra said the MOJO Tourer Edition is aimed at those who have a passion for touring and for whom exploring new terrain is a way of...

    30 Sep 2016, 6.04 pm  |  Source: PTI

  • E-commerce giants to battle for better deals this festive season

    E-commerce giants to battle for better deals this festive season   

    Amazon India has expanded its seller base by 200 percent and hence, the selection of products has also increased three-fold, says Vice-President of India Customer Fulfillment Akhil Saxena.

    30 Sep 2016, 6.00 pm  |  Source: CNBC-TV18

  • Taxi rental co InstaCar raises $1 million from Swastika

    Taxi rental co InstaCar raises $1 million from Swastika  

    Taxi rental marketplace InstaCar has raised USD 1 million in seed funding from Hong Kong-based Swastika Co Limited. The investment also marks the first foreign direct investment into Madhya Pradesh’s startup ecosystem.

    30 Sep 2016, 5.38 pm  |  Source: Moneycontrol.com

  • Crude comfort: Gas gets cheaper till FY17-end

    Crude comfort: Gas gets cheaper till FY17-end   

    The government on Friday slashed gas prices to USD 2.5 mmbtu from USD 3.06 mmbtu from October 1 to March 31, 2017. The move is likely to bring down gas prices by CNG and PNG players bringing comfort to consumers.

    30 Sep 2016, 5.31 pm  |  Source: Moneycontrol.com

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