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Business News

  • Don`t need exemption from sourcing norm: Xiaomi

    Don't need exemption from sourcing norm: Xiaomi  

    Xiaomi, in April this year, had approached the Department of Industrial Policy and Promotion (DIPP) for opening single brand retail stores in India.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • NTPC power generation up 10% at 64.6 BUs in Q1

    NTPC power generation up 10% at 64.6 BUs in Q1  

    "Company recorded 10 per cent increase in power generation in the first quarter of FY17 in comparison to the same period last year with an increase in generation from 58.70 BUs to 64.6 BUs," the company said in a press release.

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • Ola hits out at Uber for fanning `debate of nationalism`

    Ola hits out at Uber for fanning 'debate of nationalism'  

    As the fight for market share took nationalist overtones, Indian ride-hailing startup Ola today hit out at its San Francisco-based rival Uber for fanning the nationalism debate to hide its identity of being a multinational with "s...

    30 Jun 2016, 8.40 pm  |  Source: PTI

  • Retail inflation for industrial workers jumps to 6.59% in May

    Retail inflation for industrial workers jumps to 6.59% in May  

    Retail inflation for industrial workers rose to 6.59 percent in May from 5.86 percent in the previous month on account of increase in price of food items.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • Indiabulls Housing Finance raises Rs 765 cr via bonds

    Indiabulls Housing Finance raises Rs 765 cr via bonds  

    Indiabulls Housing Finance today said it has raised Rs 765 crore through issuance of bonds on a private placement basis.

    30 Jun 2016, 8.26 pm  |  Source: PTI

  • US regulators probe SoftBank over misconduct claims: report

    US regulators probe SoftBank over misconduct claims: report  

    The US market regulator is examining Japanese mobile giant SoftBank over misconduct allegations lodged against its former president Nikesh Arora, who quit last week, a report said on June 30

    30 Jun 2016, 8.08 pm  |  Source: PTI

  • Godrej Properties makes first investment from USD 275mn fund

    Godrej Properties makes first investment from USD 275mn fund  

    Godrej Properties on June 30 said its USD 275 million realty fund has made first investment by acquiring 80 percent stake in a housing project in Mumbai

    30 Jun 2016, 8.08 pm  |  Source: PTI

  • InterGlobe Aviation`s paid-up share capital goes up

    InterGlobe Aviation's paid-up share capital goes up  

    InterGlobe Aviation, parent of low cost airline IndiGo, on June 30 said its paid-up share capital has increased after allotment of shares under the employees stock option scheme

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Tata Group`s Tinplate to focus on domestic business

    Tata Group's Tinplate to focus on domestic business  

    Tata Group owned Tinplate Company of India (TCIL) has said it will focus on the domestic market

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Xiaomi in big-screen phone push with Mi Max

    Xiaomi in big-screen phone push with Mi Max  

    An emerging trend of mobile firms calling hordes of 'fans' to their press conferences on June 30 saw the crowd turning unruly at an event of Chinese handset maker Xiaomi and police had to intervene in the matter

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • Central Bank of India to raise Rs 3,000 cr

    Central Bank of India to raise Rs 3,000 cr  

    Central Bank of India on June 30 said it will raise up to Rs 3,000 crore by various means, including follow on public offer and rights issue.

    30 Jun 2016, 6.46 pm  |  Source: PTI

  • IISL to list Nifty 50 Futures on Taiwan Futures Exchange

    IISL to list Nifty 50 Futures on Taiwan Futures Exchange  

    India Index Services & Products Ltd (IISL), an arm of NSE, along with Taiwan Futures Exchange (TAIFEX) on June 30 said it plans to introduce Nifty 50 futures for investors in Taiwan in the fourth quarter of 2016

    30 Jun 2016, 5.36 pm  |  Source: PTI

  • Koovs closes fund raising round, musters 26.2 mn pounds

    Koovs closes fund raising round, musters 26.2 mn pounds  

    UK-based online fashion player Koovs announced closing of its current round of capital raising, bringing the total sum raised to 26.2 million pounds (nearly Rs 240 crore) from a range of new and existing investors, including strat...

    30 Jun 2016, 5.36 pm  |  Source: PTI

  • Nomura sees 25% growth in June CV sales, passenger units flat

    Nomura sees 25% growth in June CV sales, passenger units flat  

    Nomura expects heavy commercial vehicle segment to see 25 percent growth in June sales against 20 percent in the previous month and 2-wheeler sales growth to be at around 10-12 percent.

    30 Jun 2016, 5.28 pm  |  Source: Moneycontrol.com

  • May core sector growth slows to 2.8% vs 8.5% in April

    May core sector growth slows to 2.8% vs 8.5% in April   

    The eight 'core' sectors of the Indian economy grew 2.8 percent year-on-year in May, government data released today showed, having slowed from 8.5 percent in April.

    30 Jun 2016, 5.21 pm  |  Source: Moneycontrol.com

  • HDFC Bank aims to double SME book in four years

    HDFC Bank aims to double SME book in four years  

    Private sector lender HDFC Bank is targeting to double SME loan portfolio over the next four years by using digital technology and deepening its network to more non-metro areas

    30 Jun 2016, 4.30 pm  |  Source: PTI

  • Indian money in Swiss banks dips 33% to Rs 8,392 cr

    Indian money in Swiss banks dips 33% to Rs 8,392 cr  

    The funds held by Indians with banks in Switzerland fell by CHF 596.42 million to CHF 1,217.6 million at the end of 2015, as per the latest data released today by the country's central banking authority SNB (Swiss National Bank).

    30 Jun 2016, 3.54 pm  |  Source: PTI

  • Airtel service in Arunachal Pradesh towns

    Airtel service in Arunachal Pradesh towns  

    Airtel is the largest mobile services provider in Arunachal Pradesh and offers 2G, 3G and 4G services to customers.

    30 Jun 2016, 3.32 pm  |  Source: PTI

  • Torrent Pharma to acquire Glochem`s Vizag-based facility

    Torrent Pharma to acquire Glochem's Vizag-based facility  

    The company has entered a binding agreement to acquire the Vizag API manufacturing unit of Hyderabad-based Glochem Industries along with a few drug master files (DMF) as a going concern on slump sale basis, Torrent Pharma said in ...

    30 Jun 2016, 3.30 pm  |  Source: PTI

  • Hope for strong successor to Raghuram Rajan soon: Naushad Forbes

    Hope for strong successor to Raghuram Rajan soon: Naushad Forbes  

    On June 18, buffeted by political attacks, including by BJP MP Subramanian Swamy, coupled with unending speculation over his continuance, Rajan had said no to a second term -- a surprise decision the industry and opposition partie...

    30 Jun 2016, 3.24 pm  |  Source: PTI

  • Bank of Maharashtra plans to raise Rs 1,000 cr to propel growth

    Bank of Maharashtra plans to raise Rs 1,000 cr to propel growth  

    "The meet was held to seek shareholders consent to raise Rs 1,000 crore by way of FPO/ Rights issue/ QIPs etc to meet capital requirements as per RBI's Basel III norms to tap future growth opportunities," Bank of Maharashtra said ...

    30 Jun 2016, 2.40 pm  |  Source: PTI

  • World Bank commits $1 bn for solar projects in India

    World Bank commits $1 bn for solar projects in India  

    Multi-lateral lender World Bank today announced funding support of USD 1 billion for expansion of solar power capacity in India. It also signed an agreement with the International Solar Alliance (ISA), consisting of 121 countries ...

    30 Jun 2016, 2.26 pm  |  Source: PTI

  • Kirloskar partners with Gulf Petrochem to launch K-Oil

    Kirloskar partners with Gulf Petrochem to launch K-Oil  

    The engine oil will be launched following an extensive six-month engine trial and product evaluation and will build upon strong foundations in India, where K-Oil has been servicing engines, spare parts and gensets for over 15 year...

    30 Jun 2016, 1.58 pm  |  Source: PTI

  • Ruias plan to sell another 25% stake in Essar Oil

    Ruias plan to sell another 25% stake in Essar Oil  

    The sale of 74 percent stake (49 percent to Rosneft and 25 percent some other investor) will help bring down Group debt by half to about Rs 46,000 crore from current Rs 88,000 crore, sources said.

    30 Jun 2016, 1.28 pm  |  Source: PTI

  • See UK subsidiary adding $100 million revenues: LT Foods

    See UK subsidiary adding $100 million revenues: LT Foods   

    LT Foods aims to strengthen its presence in Europe with the help of the LT Foods International — its UK subsidiary, said VK Arora, Chairman and Managing Director of LT Foods.

    30 Jun 2016, 1.26 pm  |  Source: CNBC-TV18

  • Lenders approve co’s plan to re-align debt: Diamond Power

    Lenders approve co’s plan to re-align debt: Diamond Power   

    Lenders have approved re-alignment of debt as per a plan submitted by the company, said Amit Bhatnagar of Diamond Power Infrastructure.

    30 Jun 2016, 1.15 pm  |  Source: CNBC-TV18

  • Thermax wants to keep double-digit profits, shun big projects

    Thermax wants to keep double-digit profits, shun big projects   

    Speaking to CNBC-TV18's MS Unnikrishnan, MD & CEO of Thermax said Brexit will have short-term ramifications.

    30 Jun 2016, 12.30 pm  |  Source: CNBC-TV18

  • Gayatri Projects bags Rs 306 cr road project

    Gayatri Projects bags Rs 306 cr road project  

    "Gayatri Projects has secured a Rs 306 crore contract for the four-laning of a highway on the Andhra Pradesh-Tamil Nadu border from the Ministry of Road Transport and Highways," Gayatri Projects said in a BSE filing.

    30 Jun 2016, 12.20 pm  |  Source: PTI

  • Audi eyes smaller cities, North-East to spur growth

    Audi eyes smaller cities, North-East to spur growth  

    "North-Eastern (region in) India is a focus area for us and we are looking forward to welcome new members to the Audi family from the region," Audi India Head Joe King told PTI.

    30 Jun 2016, 12.14 pm  |  Source: PTI

  • Cisco to partner with startups, cos for smart solutions

    Cisco to partner with startups, cos for smart solutions  

    Cisco LaunchPad is designed to help start-ups, its authorised channel partners and developers scale up their solutions, address new markets and build digital businesses, he added.

    30 Jun 2016, 11.26 am  |  Source: PTI

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