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  • Domestic air pax traffic up nearly 24% in December 2016

    Domestic air pax traffic up nearly 24% in December 2016  

    Domestic air passenger traffic rose nearly 24 percent in December 2016 to 95.52 lakh from 77.09 lakh registered during the same period of 2015 even as IndiGo continued to deliver poor on time performance besides losing market shar...

    17 Jan 2017, 6.16 pm  |  Source: PTI

  • FPI outflows of USD 11 billion in Oct-Dec being analysed: Sebi

    FPI outflows of USD 11 billion in Oct-Dec being analysed: Sebi  

    The outflow of USD 11 billion of foreign portfolio investment in the October-December quarter is being analysed to assess the extent of impact of demonetisation on the outflows.

    17 Jan 2017, 5.58 pm  |  Source: PTI

  • IT Min asks Qualcomm for innovation on Aadhaar-based payments

    IT Min asks Qualcomm for innovation on Aadhaar-based payments  

    Stating that technical prowess of India's unique identification number is "well accepted" the world over, IT Minister Ravi Shankar Prasad today asked global chip maker Qualcomm to look at innovations around strengthening digit...

    17 Jan 2017, 5.58 pm  |  Source: PTI

  • Yes bank ties up with T-Hub, Anthill for fintech startups

    Yes bank ties up with T-Hub, Anthill for fintech startups  

    Yes Bank today said it has launched 'Yes Fintech', a business accelerator program in collaboration with T-Hub, a startup incubator set up by the Telangana government and Anthill - a speed scaling platform for early growth stage st...

    17 Jan 2017, 5.56 pm  |  Source: PTI

  • Refining biz to drive EBITDA; core projects key for RIL:analysts

    Refining biz to drive EBITDA; core projects key for RIL:analysts  

    In line earnings. Reliance's 3QFY17 EBITDA and net profit were largely in line with our estimates. Slight miss in refining EBITDA was offset by better than expected performance by petrochemical segment. Net profit was helped by pa...

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

  • ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 cr

    ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 cr  

    In a BSE filing, ICICI Prudential said it has "completed the acquisition and obtained necessary approval from insurance sector regulator Irdai".

    17 Jan 2017, 5.18 pm  |  Source: PTI

  • Yes Bank launches customisable savings account

    Yes Bank launches customisable savings account  

    Mid-sized private sector lender Yes Bank today claimed to have launched the industry's first customisable savings account which will protect customers from "unwanted charges" levied in current offerings.

    17 Jan 2017, 5.10 pm  |  Source: PTI

  • Bharti AXA General appoints Sanjeev Srinivasan as MD & CEO

    Bharti AXA General appoints Sanjeev Srinivasan as MD & CEO  

    Srinivasan joined Bharti AXA General Insurance in August 2016 as Chief Commercial and Principal Officer

    17 Jan 2017, 5.05 pm  |  Source: Moneycontrol.com

  • Right promotions prod thrifty consumers into spending: Nielsen

    Right promotions prod thrifty consumers into spending: Nielsen  

    "Today however, shoppers are not limiting their enthusiasm to festivals alone but are also making bulk purchases at events created by retailers around national holidays like Republic Day, Labour Day and Independence Day—we are c...

    17 Jan 2017, 4.57 pm  |  Source: Moneycontrol.com

  • ABG Shipyard in talks with potential buyers

    ABG Shipyard in talks with potential buyers  

    Amid reports that Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House Group have shown interest in buying ABG Shipyard, the debt-ridden company today said it is in discussions with various firms which may be pros...

    17 Jan 2017, 4.38 pm  |  Source: PTI

  • Tata Power`s renewable energy portfolio reaches 3133MW in FY17

    Tata Power's renewable energy portfolio reaches 3133MW in FY17  

    Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year.

    17 Jan 2017, 4.18 pm  |  Source: PTI

  • ReNew Power secures $390 mn debt funding from ADB

    ReNew Power secures $390 mn debt funding from ADB  

    The proceeds from this ADB investment will be utilized by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana.

    17 Jan 2017, 3.56 pm  |  Source: Moneycontrol.com

  • Q3 in line with expectations; Q4 should be better: NIIT Tech

    Q3 in line with expectations; Q4 should be better: NIIT Tech   

    Thakur says the company has witnessed an expansion in margins every quarter and is confident of reaching an exit margin of 17.5 percent by the end of current fiscal.

    17 Jan 2017, 3.54 pm  |  Source: CNBC-TV18

  • Insecticides inks pact with ICAR-IARI to train farmers

    Insecticides inks pact with ICAR-IARI to train farmers  

    The company has "signed a Memorandum of Understanding (MoU) through IIL Foundation with ICAR-IARI (the Indian Agriculture Research Institute, New Delhi), the government's apex agriculture research body, to train farmers and inculc...

    17 Jan 2017, 3.54 pm  |  Source: PTI

  • Renault expects India sales to grow 8% in 2017

    Renault expects India sales to grow 8% in 2017  

    Groupe Renault, which saw a record global sales of 31,82,625 units growing by 13.3 percent in 2016, posted sales growth of 145.6 percent in India last year.

    17 Jan 2017, 3.50 pm  |  Source: PTI

  • ReNew Power secures $390 mn debt funding from ADB

    ReNew Power secures $390 mn debt funding from ADB  

    "This is the first transaction to include in its financing plans funding from ADB as well as Leading Asia's Private Sector Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agenc...

    17 Jan 2017, 3.28 pm  |  Source: PTI

  • Indian Hotels to raise Rs 495 cr via private placement of NCDs

    Indian Hotels to raise Rs 495 cr via private placement of NCDs  

    In a regulatory filing, the company said it "proposed to allot secured, redeemable, non-cumulative and non-convertible debentures (NCDs) aggregating Rs 495 crore on private placement basis".

    17 Jan 2017, 3.16 pm  |  Source: PTI

  • AIIMS, NBCC signs MoU to build 3,000 flats for hospital staff

    AIIMS, NBCC signs MoU to build 3,000 flats for hospital staff  

    Terming as "historic moment" the signing of MoU, Union Health Minister J P Nadda said in the last two years many development proposals of AIIMS have turned into reality.

    17 Jan 2017, 3.16 pm  |  Source: PTI

  • Speciality polymers to be 30-40% of sales in 4-5 yrs: Ester Ind

    Speciality polymers to be 30-40% of sales in 4-5 yrs: Ester Ind   

    In an interview to CNBC-TV18, Arvind Singhania, Chairman, Ester Industries spoke about the latest happenings in his company and sector.

    17 Jan 2017, 3.12 pm  |  Source: CNBC-TV18

  • TeamLease acquires Keystone Business Solutions

    TeamLease acquires Keystone Business Solutions   

    In an interview to CNBC-TV18, N Ravi Vishwanath, CFO of TeamLease Services said the acquisition of Keystone Business Solutions is the third in IT staffing.

    17 Jan 2017, 3.08 pm  |  Source: CNBC-TV18

  • Disparities have grown significantly: Sunil Mittal

    Disparities have grown significantly: Sunil Mittal  

    Speaking at a session on future of big businesses at the WEF Annual Meeting 2017 here, the Bharti group chairman said, "disparities have increased in the last 10 years, and the people who feel that are the voters".

    17 Jan 2017, 3.00 pm  |  Source: PTI

  • Cairn India gets nod for drilling 64 exploratory, appraisal

    Cairn India gets nod for drilling 64 exploratory, appraisal  

    The Expert Appraisal Committee (EAC) while according to environmental clearance set a few conditions along with other specific and general environmental conditions relevant to the project proposal.

    17 Jan 2017, 2.52 pm  |  Source: PTI

  • Capital First to raise Rs 500 cr via NCDs

    Capital First to raise Rs 500 cr via NCDs  

    The Debenture Committee of the company's board today in a meeting approved the issue.

    17 Jan 2017, 2.52 pm  |  Source: PTI

  • Niti Aayog to rank states on digital metrics, seeks data

    Niti Aayog to rank states on digital metrics, seeks data  

    "Niti Aayog will soon rank states on the basis of digital transactions. Aayog has asked the states to submit their digital transaction data within next 10 days," a senior government official said.

    17 Jan 2017, 2.42 pm  |  Source: PTI

  • Rating agencies assign investment grade to SBI bond programme

    Rating agencies assign investment grade to SBI bond programme  

    Moody's has assigned a Baa3 rating to SBI's proposed dollar denominated senior unsecured notes, issued under its USD 10 billion Medium-Term Note (MTN) program.

    17 Jan 2017, 2.42 pm  |  Source: PTI

  • Milk Mantra raises $10 mn to expand operation in east India

    Milk Mantra raises $10 mn to expand operation in east India  

    The fund would be utilised for the company's growth plans that include expanding production capacity through setting up of new plants and acquisitions.

    17 Jan 2017, 2.42 pm  |  Source: PTI

  • Cadila settles patent litigation related to Livalo tablets

    Cadila settles patent litigation related to Livalo tablets  

    The company and its subsidiary, Zydus Pharmaceuticals (USA) Inc, have finalised an agreement with Kowa Company, Kowa Pharmaceuticals America Inc and Nissan Chemical Industries to settle all outstanding patent litigation regarding ...

    17 Jan 2017, 2.20 pm  |  Source: PTI

  • AI adoption driving revenue growth for businesses: Infosys

    AI adoption driving revenue growth for businesses: Infosys  

    The report said organisations that have already deployed or have plans to deploy AI technologies expect to see a 39 percent increase on an average in their revenues by 2020, alongside a 37 percent reduction in costs.

    17 Jan 2017, 1.48 pm  |  Source: PTI

  • Cash supply improves; ATMs dispensing nearly Rs 7,000 cr a day

    Cash supply improves; ATMs dispensing nearly Rs 7,000 cr a day   

    ATMs are now dispensing Rs 7,000 odd crores per day and Rs 10-12 lakh per machine. The cash supply may be returning to near normal levels, reports CNBC-TV18.

    17 Jan 2017, 1.46 pm  |  Source: CNBC-TV18

  • Indian IT sector needs new skill sets: C P Gurnani

    Indian IT sector needs new skill sets: C P Gurnani  

    Gurnani, the CEO of leading IT firm Tech Mahindra, said opportunities are still there and the industry would also need to partner in creating new skills.Gurnani, the CEO of leading IT firm Tech Mahindra, said opportunities are sti...

    17 Jan 2017, 1.26 pm  |  Source: PTI

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