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Business News

  • COMMENT: Life Insurance Corp: Is the government saving the best for last?

    COMMENT: Life Insurance Corp: Is the government saving the best for last?  

    Thanks to the favourable demographics, Indian insurance sector is in a sweet spot and the markets should closely watch India's largest insurer LIC.

    28 Feb 2017, 5.47 pm  |  Source: Moneycontrol.com

  • Defence to be biggest business for Reliance group: Anil Ambani

    Defence to be biggest business for Reliance group: Anil Ambani  

    Ambani said the Group's focus will be to become a leading manufacturer and supplier of advanced weapon platforms and military hardware to meet the requirements of the Navy, Indian Air Force and the Army and also mark the company's...

    28 Feb 2017, 3.42 pm  |  Source: PTI

  • Zee completes 1st phase of sale of TEN sports to Sony Pictures

    Zee completes 1st phase of sale of TEN sports to Sony Pictures  

    "The first phase of transaction inter alia comprising the sale of entire equity stake of the company in Taj-India and transfer of major part of the 'Sports Broadcasting Business' of Taj- Mauritius stands concluded today upon recei...

    28 Feb 2017, 3.42 pm  |  Source: PTI

  • Govt bails out ONGC, OIL of Rs 22,000 cr royalty liability

    Govt bails out ONGC, OIL of Rs 22,000 cr royalty liability  

    The central government will pay two state-owned firms' outstanding liabilities of Rs 14,698 crore directly to the state governments, who will not insist on levy of Rs 7,223 crore interest on payments that were due from April 2008.

    28 Feb 2017, 3.40 pm  |  Source: PTI

  • Chloromethane plant to be commissioned in Q4FY18: Meghmani Org

    Chloromethane plant to be commissioned in Q4FY18: Meghmani Org   

    In an interview to CNBC-TV18, Ashish Soparkar, MD of Meghmani Organics said that chloromethane plant will be commissioned in Q4 of FY18.

    28 Feb 2017, 3.38 pm  |  Source: CNBC-TV18

  • Revenue recognition on Shell contract to begin Q3FY18: L&T Hydro

    Revenue recognition on Shell contract to begin Q3FY18: L&T Hydro   

    L&T Hydrocarbon, a fully owned subsidiary of L&T has signed a 5-year agreement with Shell Engineering for engineering, procurement, construction and management services.

    28 Feb 2017, 3.37 pm  |  Source: CNBC-TV18

  • Icra downgrades various debt instruments of IFCI

    Icra downgrades various debt instruments of IFCI  

    The rating agency has downgraded the long-term rating assigned to the Rs 10,000 crore long-term bank borrowings, the Rs 8,000 crore long-term bond programme and the Rs 2,000 crore NCD programme of IFCI from A+ to A.

    28 Feb 2017, 3.28 pm  |  Source: PTI

  • India needs regulatory body for medical devices: Mazumdar-Shaw

    India needs regulatory body for medical devices: Mazumdar-Shaw  

    On the National Pharmaceutical Pricing Authority's recent decision fixing price caps on coronary stents, Mazumdar-Shaw said price control on stents need to factor in the design and material of their construction.

    28 Feb 2017, 3.22 pm  |  Source: PTI

  • Airtel`s Mittal calls for global spectrum share via one network

    Airtel's Mittal calls for global spectrum share via one network  

    After killing domestic roaming, Airtel's Sunil Mittal has radical plans to shake up global telecom industry. Mittal suggests that mobile operators should increase sharing of resources such as spectrum to ease the burden on telecom...

    28 Feb 2017, 3.15 pm  |  Source: Moneycontrol.com

  • Goldman Sachs announces India Impact Fund winners

    Goldman Sachs announces India Impact Fund winners  

    The India Impact Fund is an initiative tailored for young employees of Goldman Sachs to make an impact on communities across the country by competing among themselves to identify and secure a total grant of USD 100,000 (around Rs ...

    28 Feb 2017, 2.50 pm  |  Source: PTI

  • World Bank to provide $63 mn loan for `Tejaswini` project

    World Bank to provide $63 mn loan for 'Tejaswini' project  

    A Financing Agreement for International Development Association (IDA) credit of USD 63 million (equivalent) for the "Tejaswini: Socio-Economic Empowerment of Adolescent Girls and Young Women Project" was signed here last week betw...

    28 Feb 2017, 2.50 pm  |  Source: PTI

  • Getting complaints on excessive pricing of drugs: NPPA

    Getting complaints on excessive pricing of drugs: NPPA   

    "Our priority is to fix the prices of drugs as soon as possible. We do get complaints and representations on the excessively high prices of other drugs", Bhupendra Singh, Chairman of NPPA told CNBC-TV18.

    28 Feb 2017, 2.36 pm  |  Source: CNBC-TV18

  • PTC India to be nodal entity for supply of wind power

    PTC India to be nodal entity for supply of wind power  

    "PTC India is the nodal entity for supplying power to utilities after entering into a power purchase agreement (PPA) with successful bidders," PTC India said in a statement.

    28 Feb 2017, 2.34 pm  |  Source: PTI

  • H-1B not a worry; have created jobs in US: Hinduja Global

    H-1B not a worry; have created jobs in US: Hinduja Global  

    Speaking to Moneycontrol News, Partha DeSarkar, CEO of Hinduja Global Solutions (HGS) said that the company has hired around 6,000 people in North America, who are local Americans and Canadians.

    28 Feb 2017, 2.30 pm  |  Source: Moneycontrol.com

  • Daiichi moves Delhi HC again to ban Fortis from selling stakes

    Daiichi moves Delhi HC again to ban Fortis from selling stakes   

    Tension between Japanese drugmaker Daiichi Sankyo and Singh brothers of Fortis Healthcare is rising as the former has again moved the Delhi High Court against Fortis on March 6.

    28 Feb 2017, 2.23 pm  |  Source: CNBC-TV18

  • Japanese e-tailer Rakuten defers India entry citing uncertainty

    Japanese e-tailer Rakuten defers India entry citing uncertainty  

    Rakuten is still unsure whether it wants to venture into the country due to concerns about the slowdown in growth in India's e-commerce market. According to to RedSeer Consulting, the Indian e-commerce industry grew by a meagre 12...

    28 Feb 2017, 2.22 pm  |  Source: Moneycontrol.com

  • Govt to sell 51% stake in Air India? Aviation secy says not true

    Govt to sell 51% stake in Air India? Aviation secy says not true  

    A report had claimed that the government was looking to sell a majority stake in the loss-making national carrier to a strategic partner.

    28 Feb 2017, 2.21 pm  |  Source: CNBC-TV18

  • Hindalco gets green nod for Rs 240 cr copper plant expansion

    Hindalco gets green nod for Rs 240 cr copper plant expansion  

    Hindalco Industries's Birla copper unit has a mega copper smelting and refining complex at villages Lakhigam and Dahej in Bharuch district. It now wants to expand its continuous cast copper rod plant in the existing premises of th...

    28 Feb 2017, 2.16 pm  |  Source: PTI

  • Tata Sons, DoCoMo call truce; Japanese co suspends legal battles

    Tata Sons, DoCoMo call truce; Japanese co suspends legal battles  

    A dispute that had arisen with NTT DOCOMO over its investment in Tata Teleservices. The dispute was over Tata Sons buying back DoCoMo’s stake in Tata Tele as per their agreement signed in 2009.

    28 Feb 2017, 2.08 pm  |  Source: Moneycontrol.com

  • Tata Power generation capacity up 8% in Q3 FY`17

    Tata Power generation capacity up 8% in Q3 FY'17  

    According to the statement, standalone generation stood at 13,022 MUs (million units) in Q3 FY'17, as against 12,032 MUs during the same quarter of FY'16.

    28 Feb 2017, 2.08 pm  |  Source: PTI

  • MWC 2017: Reliance Jio, Samsung partner to push 5G in India

    MWC 2017: Reliance Jio, Samsung partner to push 5G in India  

    Reliance Jio and Samsung are held a joint press conference at the Mobile World Conference (2017) in Barcelona today, announcing a partnership for 5G and LTE-Advance Pro services in India.

    28 Feb 2017, 1.56 pm  |  Source: Moneycontrol.com

  • Tata Steel`s Odisha ferro-chrome plant starts production

    Tata Steel's Odisha ferro-chrome plant starts production  

    "The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, in complianc...

    28 Feb 2017, 1.50 pm  |  Source: PTI

  • L&T Hydrocarbon Engineering gets 5-year job order from Shell

    L&T Hydrocarbon Engineering gets 5-year job order from Shell  

    "L&T Hydrocarbon Engineering, a fully-owned subsidiary of Larsen & Toubro, has signed an enterprise framework agreement with Shell Global Solutions International for providing engineering, procurement and construction management s...

    28 Feb 2017, 1.14 pm  |  Source: PTI

  • Jio tariffs aggressive, operators need to respond: Sunil Mittal

    Jio tariffs aggressive, operators need to respond: Sunil Mittal   

    Sunil Mittal expects that Airtel's plan to completely drop roaming charges, will result in increase of usage.

    28 Feb 2017, 12.57 pm  |  Source: CNBC-TV18

  • Aim to maintain loan growth above 30% in FY17-18: RBL Bank

    Aim to maintain loan growth above 30% in FY17-18: RBL Bank   

    Vishwavir Ahuja, MD & CEO, RBL Bank is confident of an overall growth of 30-35 percent over the next couple of years and maintains loan growth of over 30 percent in FY17-18.

    28 Feb 2017, 12.52 pm  |  Source: CNBC-TV18

  • Lupin gets USFDA nod to market pain relief, colonoscopy drugs

    Lupin gets USFDA nod to market pain relief, colonoscopy drugs  

    In a BSE filing, Lupin said it has "received final approval for its Oxycodone and Acetaminophen Tablets USP, 2.5 mg/325 mg, 5 mg/325 mg, 7.5 mg/325 mg and 10 mg/325 mg from the United States Food and Drug Administration (FDA) to m...

    28 Feb 2017, 12.48 pm  |  Source: PTI

  • ONGC will gain strength, be $100 bn entity post merger: Experts

    ONGC will gain strength, be $100 bn entity post merger: Experts   

    As per recent reports, one proposal is for upstream giant ONGC to acquire retail major HPCL for Rs 44,000 crore. Energy expert Narendra Taneja believes that the merger will help ONGC gain more strength and will become a USD 100 bi...

    28 Feb 2017, 12.46 pm  |  Source: CNBC-TV18

  • Demonetisation impact over, expect demand pickup: JK Cement

    Demonetisation impact over, expect demand pickup: JK Cement   

    Asserting that there is no impact of demonetisation on the cement sector anymore, JK Cement chief financial officer AK Saraogi that he expects price improvement owing to a pick-up in demand.

    28 Feb 2017, 12.28 pm  |  Source: CNBC-TV18

  • Dilip Buildcon completes Rs 190.80 cr road project in MP

    Dilip Buildcon completes Rs 190.80 cr road project in MP  

    "The company has successfully completed the project of rehabilitation and up-gradation of Mandla-Pindrai and Salimnabad-Vilayatkalan major district road intermediate laning/two-laning with paved/hard shoulder in the state of Madhy...

    28 Feb 2017, 12.10 pm  |  Source: PTI

  • APSEZ buys back NCDs worth Rs 670 crore

    APSEZ buys back NCDs worth Rs 670 crore  

    "The company has today bought back 3,483 non-convertible debentures," APSEZ said in a BSE filing.

    28 Feb 2017, 11.54 am  |  Source: PTI

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