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  • Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021

    Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021  

    As part of sharpening the business focus, Naik said the company has "identified select growth businesses in L&T's broad portfolio. These include IT, technology services, defence, smart world and water management.

    26 Aug 2016, 5.10 pm  |  Source: PTI

  • Sahara chief offers in SC to pay Rs 300 cr as bank gurantee

    Sahara chief offers in SC to pay Rs 300 cr as bank gurantee  

    On August 3, the Supreme Court had extended the parole of Roy till September 16 with a condition that he has to deposit Rs 300 crore with SEBI.

    26 Aug 2016, 4.26 pm  |  Source: PTI

  • DHFL public issue secures NCDs

    DHFL public issue secures NCDs  

    With an issue size of Rs 2,000 crore, the company can retain over-subscription of up to Rs 8,000 crore, CFO of DHFL Santosh Sharma said.

    26 Aug 2016, 4.12 pm  |  Source: PTI

  • FDA warns fmr Sun Pharma US drug factory over quality concerns

    FDA warns fmr Sun Pharma US drug factory over quality concerns  

    This is one of a series of quality concerns tied to the Philadelphia, Pennsylvania factory that the FDA highlighted in an Aug. 15 "warning letter" issued to the site's current owner, US firm Frontida BioPharm Inc.

    26 Aug 2016, 3.58 pm  |  Source: Reuters

  • Freecharge, Freshdesk founders invest in O2O platform Crownit

    Freecharge, Freshdesk founders invest in O2O platform Crownit  

    Ex-Snapdeal chief product officer Anand Chandrasekaran has also invested in the venture, the company said in a statement.

    26 Aug 2016, 3.56 pm  |  Source: PTI

  • Supertech to enter healthcare sector, invest Rs 300 cr

    Supertech to enter healthcare sector, invest Rs 300 cr  

    "In the initial phase, the company will invest Rs 100 crore to open its first 100-bed super speciality hospital in their residential complex 'Cape Town' in sector 74, Noida," the company said in a statement.

    26 Aug 2016, 3.54 pm  |  Source: PTI

  • Welspun tangle highlights India`s quality challenge

    Welspun tangle highlights India's quality challenge  

    India's government, desperate to accelerate growth and create more jobs, has backed a "Make in India" manufacturing push. India already makes everything from car parts to t-shirts, but is trying to move up the chain to make higher...

    26 Aug 2016, 3.43 pm  |  Source: Reuters

  • AIFs investment more than doubles to Rs 18,000 cr in FY16

    AIFs investment more than doubles to Rs 18,000 cr in FY16  

    In comparison, investments made by AIF -- a class of pooled-in vehicles for investing in real estate, private equity and hedge funds -- stood at Rs 7,357 crore in 2014-15.

    26 Aug 2016, 3.36 pm  |  Source: PTI

  • Eyeing domestic power assets not Tata Steel UK: Sajjan Jindal

    Eyeing domestic power assets not Tata Steel UK: Sajjan Jindal   

    Sajjan Jindal, Chairman, JSW Group said fortunately enough iron ore capacity is being developed in the country and so, the country we will import very little ore; in fact in time they would be net exporter of iron ore.

    26 Aug 2016, 3.28 pm  |  Source: CNBC-TV18

  • Tata Motors conducts raids on 19 counterfeiters

    Tata Motors conducts raids on 19 counterfeiters  

    The spurious parts dealers who were raided are -- Patwa Motors of Ajmer, Spring House at Lalitpur in UP, Shiva Spares Bhilai in Chhattisgarh, Lakhotia Auto Spares in Hoshangabad (MP), Bindya Auto Stores and Balaji Spares & Lubrica...

    26 Aug 2016, 3.20 pm  |  Source: PTI

  • Expect lot of changes in defence in next 6 months: Walchandnagar

    Expect lot of changes in defence in next 6 months: Walchandnagar   

    In an interview to CNBC-TV18, GK Pillai, MD & CEO, Walchandnagar Industries spoke about the latest happenings in his company and sector.

    26 Aug 2016, 3.00 pm  |  Source: CNBC-TV18

  • M&M eyes 20-25% penetration for DiGiSense across India

    M&M eyes 20-25% penetration for DiGiSense across India  

    Pawan Goenka, ED, M&M also added that currently applications are more commercial in nature.

    26 Aug 2016, 2.58 pm  |  Source: CNBC-TV18

  • Govt gives more time to 7 SEZs to implement projects

    Govt gives more time to 7 SEZs to implement projects  

    The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters. It provides single window clearance mechanism to developers and units in these zones.

    26 Aug 2016, 2.16 pm  |  Source: PTI

  • Net1 to invest Rs 268 cr in MobiKwik

    Net1 to invest Rs 268 cr in MobiKwik  

    "Net 1 UEPS Technologies has signed a subscription agreement with One MobiKwik Systems. As part of the strategic partnership, Net1 will invest USD 40 million in MobiKwik," the companies said in a statement.

    26 Aug 2016, 2.12 pm  |  Source: PTI

  • Aim to reduce debt to Rs 430 cr from Rs 700 cr: Time Techno

    Aim to reduce debt to Rs 430 cr from Rs 700 cr: Time Techno   

    In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.

    26 Aug 2016, 2.01 pm  |  Source: CNBC-TV18

  • Shriram Rayons gets green nod for Rs 163 cr expansion project

    Shriram Rayons gets green nod for Rs 163 cr expansion project  

    Rayon tyre yarn cord is used as reinforcement material in high performance tyres. There are only four manufacturers of this product in the world, out of which two are in India.

    26 Aug 2016, 2.00 pm  |  Source: PTI

  • Coal dispatch by Coal India up at 131 MT in April-July

    Coal dispatch by Coal India up at 131 MT in April-July  

    The dispatch by Coal India (CIL) in the corresponding period of last fiscal was 129.6 MT, according to official data.

    26 Aug 2016, 1.48 pm  |  Source: PTI

  • Lupin gets tentative USFDA nod for generic anti-depressant

    Lupin gets tentative USFDA nod for generic anti-depressant  

    The tentative approval by the United States Food and Drug Administration (USFDA) is for multiple strengths of 12.5 mg, 25 mg and 37.5 mg of the generic version of Apotex Technologies' Paxil CR tablets of similar strengths, Lupin s...

    26 Aug 2016, 1.48 pm  |  Source: PTI

  • Welspun India hires EY to probe US export lapses

    Welspun India hires EY to probe US export lapses  

    Yesterday, Welspun India had made announcement about appointing an external auditor 'one of the Big Four' to look into alleged lapses in its products supplied to clients.

    26 Aug 2016, 1.48 pm  |  Source: PTI

  • India Inc foreign borrowings down 44% at $1.2 bn in July

    India Inc foreign borrowings down 44% at $1.2 bn in July  

    The Indian firms raised USD 183.7 million via approval route while rest USD 1.02 billion was raised by way of automatic channel, showed Reserve Bank's data released today.

    26 Aug 2016, 1.48 pm  |  Source: PTI

  • Expect 100 bps improvement in cost of funds: DHFL

    Expect 100 bps improvement in cost of funds: DHFL   

    In an interview with CNBC-TV18, Harshil Mehta said that the company's focus has been on improving its cost of funds and expects a 15-25 basis points (bps) improvement for the same in the short term.

    26 Aug 2016, 1.23 pm  |  Source: CNBC-TV18

  • HC appears disinclined to interfere in Aircel-Maxis case

    HC appears disinclined to interfere in Aircel-Maxis case  

    A bench of Chief Justice G Rohini and Justice Sangita Dhingra Sehgal expressed this view while reserving its order on a PIL for directions to CBI to move the trial court for "attachment and forfeiture of shares and all the assets ...

    26 Aug 2016, 12.44 pm  |  Source: PTI

  • Expect consolidated margin to hold at 17% in FY17: Rain Ind

    Expect consolidated margin to hold at 17% in FY17: Rain Ind   

    Rain Industries' CFO T Srinivasa Rao expects cement demand and capacity utilisation to improve going ahead.

    26 Aug 2016, 12.19 pm  |  Source: CNBC-TV18

  • Sri Lanka seeks Indian investor for Colombo port

    Sri Lanka seeks Indian investor for Colombo port  

    Ports Minister Arjuna Ranatunga said they would like to see an Indian investor take at least a 20 per cent stake in a consortium that will run the 'East Terminal' of the expanded deep draught South Harbour of Colombo Port.

    26 Aug 2016, 12.16 pm  |  Source: PTI

  • Infosys says seeing client-specific softness after Brexit

    Infosys says seeing client-specific softness after Brexit   

    Infosys will be in a better position by October to evaluate the impact of this on its earnings outlook for the current fiscal year ending March 31, 2017, Chief Financial Officer Ranganath D Mavinakere said.

    26 Aug 2016, 12.00 pm  |  Source: Reuters

  • Expect to close FY17 with revenues of over Rs 1000cr: Sequent

    Expect to close FY17 with revenues of over Rs 1000cr: Sequent   

    Even as Sequent Scientific is mainly focused on animal health active pharmaceutical ingredients, it is also looking to expand its human health business.

    26 Aug 2016, 11.19 am  |  Source: CNBC-TV18

  • Trastuzumab marketing approval may come in 12-18 months: Biocon

    Trastuzumab marketing approval may come in 12-18 months: Biocon   

    The European Medicines Agency (EMA) has accepted to review Mylan and Biocon’s application for a biosimilar called Trastuzumab, used for certain breast and gastric cancers.

    26 Aug 2016, 9.13 am  |  Source: CNBC-TV18

  • Allcargo, CCI form supply chain JV; eye Rs 1,000 cr biz by 2020

    Allcargo, CCI form supply chain JV; eye Rs 1,000 cr biz by 2020  

    The JV called Avashya CCI Logistics, is targeting a revenue of Rs 1,000 crore by 2020 from the present Rs 450 crore, Allcargo Chairman Shashikiran Shetty said.

    26 Aug 2016, 9.00 am  |  Source: PTI

  • Coal India`s 66 coal mine projects facing delays

    Coal India's 66 coal mine projects facing delays  

    "Out of the 123 coal mining projects (of Coal India) costing Rs 20 crore and above, 57 projects are running on schedule and 66 are delayed," an official said.

    26 Aug 2016, 8.58 am  |  Source: PTI

  • Prism Cement to raise up to Rs 1,250 cr via pvt placement

    Prism Cement to raise up to Rs 1,250 cr via pvt placement  

    Shareholders through a special resolution allowed the board for making offers to subscribe to secure/unsecured non-convertible debentures (NCDs), including but not limited to bonds and/or other debt securities on private placement...

    26 Aug 2016, 8.58 am  |  Source: PTI

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