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Budget 2017

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Business News

  • FRBM recommendations may find place in Budget

    FRBM recommendations may find place in Budget  

    The FRBM (Fiscal Responsibility and Budget Management) panel is due to submit its report to the Finance Ministry on January 23. This report has recommendations for a new FRBM act.

    18 Jan 2017, 9.47 pm  |  Source: CNBC-TV18

  • PNB to provide technology platform for pilot launch of IPPB

    PNB to provide technology platform for pilot launch of IPPB  

    State-owned Punjab National Bank (PNB) today said it will provide technology platform for pilot launch of India Post Payments Bank (IPPB).

    18 Jan 2017, 9.00 pm  |  Source: PTI

  • Indian SMEs confident of growth, more hiring in future: Study

    Indian SMEs confident of growth, more hiring in future: Study  

    Amongst the businesses surveyed, 48 percent of the small and medium enterprises (SMEs) are positive about the current state, while 62 percent are positive about the future.

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Pharma industry grows 29% to Rs 2.04 lakh cr in 2015-16

    Pharma industry grows 29% to Rs 2.04 lakh cr in 2015-16  

    The country "is one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50 per cent of its production", according to the achievement report of the sector under t...

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Cipla arm to sell stake in Four M Propack to Shriji Polymers

    Cipla arm to sell stake in Four M Propack to Shriji Polymers  

    Drug major Cipla today said its subsidiary Goldencross Pharma has entered into a pact to sell its entire stake in Four M Propack to Shriji Polymers for a consideration of up to Rs 19.2 crore.

    18 Jan 2017, 8.42 pm  |  Source: PTI

  • India is maybe a decade & a half behind China: S&P Global

    India is maybe a decade & a half behind China: S&P Global   

    Speaking to CNBC-TV18 at Davos, Paul Sheard, Executive VP & Chief Economist, S&P Global said that markets have responded positively to US President-elect Donald Trump. He pencils in 2 hikes by the US Fed Reserve.

    18 Jan 2017, 8.20 pm  |  Source: Moneycontrol.com

  • UK financier renews offer to take over Tata Steel pension plan

    UK financier renews offer to take over Tata Steel pension plan  

    British financier Edi Truell has renewed an offer to take over Tata Steel's giant UK pension scheme in a deal that he says would allow members to keep benefits in full.

    18 Jan 2017, 8.16 pm  |  Source: Reuters

  • CCI clears Sony Pictures deal to buy TEN Sports

    CCI clears Sony Pictures deal to buy TEN Sports  

    Competition Commission has cleared Sony Pictures Networks' proposed purchase of TEN Sports, owned by Zee Entertainment Enterprise.

    18 Jan 2017, 8.14 pm  |  Source: PTI

  • Sugar production down 5% at 10.48 mn tonnes till Jan 15

    Sugar production down 5% at 10.48 mn tonnes till Jan 15  

    Giving state-wise production data, ISMA said sugar output in Maharashtra fell to 31.43 lakh tonnes till January 15 of the 2016-17 marketing year from 43.79 lakh tonnes in the corresponding period of the previous year.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • RMZ takes over 1.25 mn sq ft of Equinox Business Park space

    RMZ takes over 1.25 mn sq ft of Equinox Business Park space  

    The park, which was till now operated by Equinox Realty, the real estate arm of Essar, will now be renamed as RMZ Equinox Business Park, the company said in a statement here.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • See strong organic growth, no dependence on buys:TCS` Gopinathan

    See strong organic growth, no dependence on buys:TCS' Gopinathan   

    The discussion about about Gopinath becoming the CEO started a week before the announcement was made, he says.

    18 Jan 2017, 7.26 pm  |  Source: CNBC-TV18

  • Aiming to be among top 10 reinsurers in world: GIC Re

    Aiming to be among top 10 reinsurers in world: GIC Re  

    Public sector reinsurer General Insurance Corporation of India (GIC Re) could be among the first general insurers to be listed on the stock exchanges with the Cabinet approving their Initial Public Offering (IPO). In an interview ...

    18 Jan 2017, 7.11 pm  |  Source: Moneycontrol.com

  • Can Tata Motors break the jinx with Hexa?

    Can Tata Motors break the jinx with Hexa?  

    At Rs 11.99 lakh (ex-showroom, Delhi) the seven-seater, five door, premium sports utility vehicle, Hexa is the most expensive in the Tata line up. It has launched with six variants, the top-end model being priced at Rs 17.49 lakh....

    18 Jan 2017, 7.01 pm  |  Source: Moneycontrol.com

  • Record $64.5 billion M&A deals inked in 2016

    Record $64.5 billion M&A deals inked in 2016  

    Rapidly becoming an influential market for mergers and acquisitions (M&As) in Asia-pacific region, India hit a record level in this space with 388 deals worth USD 64.5 billion during 2016, said a report.

    18 Jan 2017, 6.44 pm  |  Source: PTI

  • Listing will lead to better corp governance: New India Assurance

    Listing will lead to better corp governance: New India Assurance  

    State-owned general insurer New India Assurance which is the largest general insurer has received a cabinet nod for listing on the exchanges. G Srinivasan, CMD, New India Assurance talks to M Saraswathy about their plans.

    18 Jan 2017, 6.32 pm  |  Source: Moneycontrol.com

  • First listing may happen in next 6-8 months

    First listing may happen in next 6-8 months  

    The Cabinet has approved the listing of the four public sector general insurance companies as well as the sole state-owned reinsurance company, General Insurance Corporation of India (GIC Re). The companies will begin the process ...

    18 Jan 2017, 6.16 pm  |  Source: Moneycontrol.com

  • Plan to invest Rs 60-70 cr in oil & gas, iron ore biz: Vedanta

    Plan to invest Rs 60-70 cr in oil & gas, iron ore biz: Vedanta   

    Speaking to CNBC-TV18 from sidelines of World Economic Forum, Davos, Anil Agarwal, Chairman, Vedanta said the company is looking to invest Rs 60-70 crore in the oil and gas and iron ore business.

    18 Jan 2017, 6.16 pm  |  Source: CNBC-TV18

  • DSK Benelli to introduce four new models in 2017

    DSK Benelli to introduce four new models in 2017  

    Italian superbike brand DSK Benelli as part of its product portfolio expansion in the country, would bring in four new models in 2017 and has set a target of selling 6,500 units in 2017-18, a top company official said today.

    18 Jan 2017, 5.52 pm  |  Source: PTI

  • Indiabulls Real Estate arm gets Rs 701 cr refund from DDA

    Indiabulls Real Estate arm gets Rs 701 cr refund from DDA  

    Indiabulls Real Estate today said that its subsidiary firm has received Rs 701 crore refund from the Delhi Development Authority (DDA) following a judgement from the Supreme Court of India.

    18 Jan 2017, 5.46 pm  |  Source: PTI

  • India to be net exporter; optimistic of 2017 growth: Tata Steel

    India to be net exporter; optimistic of 2017 growth: Tata Steel   

    India currently exports 700,000-800,000 tonnes of steel and will be a net exporter soon because India already has raw materials and efficient producers, says Tata Steel Managing Director TV Narendran.

    18 Jan 2017, 5.21 pm  |  Source: CNBC-TV18

  • 5 things to know about stent price control

    5 things to know about stent price control  

    The data put out by NPPA on its website indicates a massive escalation of stent costs often by as much as 10 times by the time the implant reaches patient from manufacturer.

    18 Jan 2017, 5.20 pm  |  Source: Moneycontrol.com

  • NCLT dismisses Mistry`s contempt petition against Tata Sons

    NCLT dismisses Mistry's contempt petition against Tata Sons   

    The National Company Law Tribunal on Wednesday dismissed the contempt petition filed by Cyrus Mistry, the former Chairman of Tata Sons who was ousted on October 24, 2016.

    18 Jan 2017, 5.17 pm  |  Source: Moneycontrol.com

  • Zydus Cadila gets USFDA nod for chemotherapy drug

    Zydus Cadila gets USFDA nod for chemotherapy drug  

    Drug firm Zydus Cadila today said it has received approval from the US health regulator to market methotrexate tablets, a chemotherapy drug, in the American market.

    18 Jan 2017, 4.44 pm  |  Source: PTI

  • CIL to launch coal auction for power cos with flexible lifting

    CIL to launch coal auction for power cos with flexible lifting  

    Amid soft demand for coal, state- owned CIL will hold long-term special forward auction for power producers with flexible lifting period of up to 3 years.

    18 Jan 2017, 4.42 pm  |  Source: PTI

  • Duville Estates, HDFC launch subvention scheme for customers

    Duville Estates, HDFC launch subvention scheme for customers  

    Realty player Duville Estates today said it has, in association with HDFC Ltd, launched a subvention scheme for its customers for a project in Pune.

    18 Jan 2017, 4.42 pm  |  Source: PTI

  • Warburg Pincus buys 14% stake in PVR for Rs 820 crore

    Warburg Pincus buys 14% stake in PVR for Rs 820 crore   

    Warburg Pincus, a leading global private equity firm focused on growth investing, Wednesday announced that it will hold an equity stake of approximately 14 percent in PVR Limited, India's largest film and retail entertainment comp...

    18 Jan 2017, 4.10 pm  |  Source: CNBC-TV18

  • Reliance Defence delivers bulk carrier to leading shipping co

    Reliance Defence delivers bulk carrier to leading shipping co  

    "Reliance Defence and Engineering Ltd has successfully delivered yet another 74,500 DWT new-built Ice-class Panamax Bulk Carrier viz 'Sea Amber' on January 17, 2017 to an international customer," a company statement said.

    18 Jan 2017, 4.02 pm  |  Source: PTI

  • Telecom slugfest intensifies as Vodafone ups ante in 4G space

    Telecom slugfest intensifies as Vodafone ups ante in 4G space  

    Numbers clearly show that the strategy of acquiring incremental market share at the cost of margins is not really helping any telco. But the companies have a tough choice between margins and customer base

    18 Jan 2017, 4.01 pm  |  Source: Moneycontrol.com

  • Hiring activity slips 7% in December amid uncertainty

    Hiring activity slips 7% in December amid uncertainty  

    The Naukri JobSpeak index for December 2016 stood at 1,659, which is 7 percent down from December 2015. The fall in the index is reflected in a decrease in hiring in key metro cities like Delhi NCR, Mumbai and Bengaluru.

    18 Jan 2017, 3.56 pm  |  Source: PTI

  • Tata firm to invest in Rs 5,900 cr Swan LNG project

    Tata firm to invest in Rs 5,900 cr Swan LNG project  

    Tata Realty and Infrastructure (TRIL), which was set up in 2007 to pursue opportunities in the real estate and infrastructure sectors, is a wholly-owned subsidiary of Tata Sons, the holding company of the Tata Group.

    18 Jan 2017, 3.52 pm  |  Source: PTI

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