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  • Tata Comm expects 40% growth in cloud biz, to build infra

    Tata Comm expects 40% growth in cloud biz, to build infra  

    Eyeing 40 percent annual growth in cloud operations, Tata Communications is planning to set up necessary storage infrastructure in countries of operations to win over local business by addressing its concerns on overseas data sto...

    25 Aug 2016, 6.56 pm  |  Source: PTI

  • Nalco`s Rs 2,835-cr buyback offer to open on Aug 30

    Nalco's Rs 2,835-cr buyback offer to open on Aug 30  

    Aluminium maker Nalco's Rs 2,835 crore offer to buyback 64.43 crore shares will open on August 30.

    25 Aug 2016, 6.56 pm  |  Source: PTI

  • Union Bank to raise Rs 750 cr via Basel III bonds

    Union Bank to raise Rs 750 cr via Basel III bonds  

    Crisil Ratings has assigned 'Crisil AAA/Negative' to the bank's proposed Basel III compliant tier II bonds of Rs 750 crore, it added.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • BoB`s total business takes Rs 90,000-cr hit in 2015-16

    BoB's total business takes Rs 90,000-cr hit in 2015-16  

    While the banking industry saw a loan growth of 9.3 per cent, and 8.6 per cent for deposits during the fiscal, Bank of Baroda's credit growth rate slowed 10.3 per cent and that of deposits decelerated 7 per cent.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • IIT-B bans 9 startups for revoking, delaying placement offers

    IIT-B bans 9 startups for revoking, delaying placement offers  

    Premier tech school IIT Bombay today blacklisted nine companies including startups like Portea Medical and Chinese firm Johnson Electric from placements for one year as a penalty for a variety of violations like, revoking the offe...

    25 Aug 2016, 5.18 pm  |  Source: PTI

  • UPI takeoff: 21 banks given go-ahead to go live with apps

    UPI takeoff: 21 banks given go-ahead to go live with apps   

    National Payments Corporation Of India (NPCI) has allowed banks to make Unified Payments Interface (UPI)-enabled apps available on the Google Play Store.

    25 Aug 2016, 5.00 pm  |  Source: CNBC-TV18

  • Cairn tax dispute: India has to respond by Nov, says CEO

    Cairn tax dispute: India has to respond by Nov, says CEO  

    Cairn has initiated an international arbitration seeking USD 5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed.

    25 Aug 2016, 4.56 pm  |  Source: PTI

  • STARTUP CORNER: Razorpay queues up for a berth on the UPI bus

    STARTUP CORNER: Razorpay queues up for a berth on the UPI bus  

    The payment gateway solution startup is in talks with its 50-plus partner banks for enabling transactions with the government's newly-launched Unified Payments Interface.

    25 Aug 2016, 4.30 pm  |  Source: Moneycontrol.com

  • Expect consistent profitability in ferro alloy biz: Sarda Energy

    Expect consistent profitability in ferro alloy biz: Sarda Energy   

    In an interview to CNBC-TV18, Padam Jain, Director and CFO of Sarda Energy & Minerals says that increase in prices in the quarter ended June helped the company boost margins in the ferroy alloy business. Going ahead, he added, the...

    25 Aug 2016, 3.53 pm  |  Source: CNBC-TV18

  • Cable cos bringing own OTT services amid competition: Ind-Ra

    Cable cos bringing own OTT services amid competition: Ind-Ra  

    In broadcasting, OTT is the delivery of audio, video and other media over the Internet, without the need of a cable subscription from a Multiple-System Operator (MSO), who is usually in control of distribution of the content.

    25 Aug 2016, 3.46 pm  |  Source: PTI

  • Airtel upgrades over 9,000 network sites under Open Network

    Airtel upgrades over 9,000 network sites under Open Network  

    "Till date, over 9,000 sites have been upgraded at various locations and over 30,000 existing sites have been optimised by Airtel's network team to resolve network-related issues.

    25 Aug 2016, 3.42 pm  |  Source: PTI

  • US PTO rules in Mylan`s favour, invalidates Teva patents:Natco

    US PTO rules in Mylan's favour, invalidates Teva patents:Natco  

    "US Patent and Trademark Office (PTO) has ruled in favour of Mylan in its "inter partes review (IPR) proceedings and found all claims of two related Copaxone 40mg/mL patents to be unpatentable," Natco Pharma said in a filing to th...

    25 Aug 2016, 3.30 pm  |  Source: PTI

  • IOC to consider issuing bonus shares to shareholders

    IOC to consider issuing bonus shares to shareholders  

    The board of IOC will meet on August 29, "to consider issue of Bonus Shares," the company said in a regulatory filing.

    25 Aug 2016, 3.20 pm  |  Source: PTI

  • Government panel clears GM mustard but hurdles remain: Sources

    Government panel clears GM mustard but hurdles remain: Sources  

    Technical clearance for indigenously developed GM mustard seeds was given on August 11 by the panel of government and independent experts following multiple reviews of crop trial data generated over almost a decade, said two sourc...

    25 Aug 2016, 3.18 pm  |  Source: Reuters

  • Allcargo Logistics announces JV with CCI Logistics

    Allcargo Logistics announces JV with CCI Logistics  

    "As per the agreement reached between the promoters of Allcargo and CCI, Allcargo will hold 62 percent and CCI promoters will hold 38 percent share in the company," Allcargo said in a statement.

    25 Aug 2016, 3.02 pm  |  Source: PTI

  • NearFox raises funds from angel investors

    NearFox raises funds from angel investors  

    The company, which has raised the amount from Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain and Craftsvilla Products VP Arpan Nagdeve among others, will use the...

    25 Aug 2016, 3.02 pm  |  Source: PTI

  • To have petrol option for all models in India by Sep: Mercedes

    To have petrol option for all models in India by Sep: Mercedes  

    The company, which today launched the petrol variant of its best selling SUV in India GLE 400 priced at Rs 74.90 lakh (ex-showroom Delhi), expects sales of the petrol vehicles to go up to 30 percent of its overall sales from the c...

    25 Aug 2016, 3.00 pm  |  Source: PTI

  • Adani Food`s pulses processing unit proposal in SEZ rejected

    Adani Food's pulses processing unit proposal in SEZ rejected  

    The decision regarding this was taken by the Board of Approval (BoA), headed by Commerce Secretary Rita Teaotia, at its meeting on August 12.

    25 Aug 2016, 2.38 pm  |  Source: PTI

  • Lower interest, tax cost and other income boosted Q1: PNC Infra

    Lower interest, tax cost and other income boosted Q1: PNC Infra   

    In an interview with CNBC-TV18, Yogesh Jain, MD, PNC Infratech, talked about the company's first quarter earnings and the outlook going forward.

    25 Aug 2016, 2.31 pm  |  Source: CNBC-TV18

  • HDFC to issue NCDs worth Rs 500 crore on August 26

    HDFC to issue NCDs worth Rs 500 crore on August 26  

    HDFC will issue secured redeemable non-convertible debentures on a private placement basis for a tenor of one-and-a-half years to raise the amount, it said in a regulatory filing.

    25 Aug 2016, 2.12 pm  |  Source: PTI

  • Tata Power consumer base crosses 2-million mark

    Tata Power consumer base crosses 2-million mark  

    In 2015-2016, Tata Power's consumer base in Mumbai increased to over 6.64 lakh, and in Delhi it went up to over 15.15 lakh consumers, a company said in a statement.

    25 Aug 2016, 2.12 pm  |  Source: PTI

  • IOC to invest Rs 650 cr in Tripura, send tankers via Bangladesh

    IOC to invest Rs 650 cr in Tripura, send tankers via Bangladesh  

    IndianOil-AOD, the company's North East division, will also start moving a convoy of 20 tankers by the end of this month to the North Eastern state for the first time via Bangladesh to avoid the dilapidated NH-44 in Assam.

    25 Aug 2016, 1.54 pm  |  Source: PTI

  • NPCI`s Unified Payments Interface goes live

    NPCI's Unified Payments Interface goes live  

    "Real-time sending and receiving money through a mobile application at such a scale on inter-operable basis had not been attempted anywhere else in the world. Now the UPI app will be made available on Google Play Store by banks," ...

    25 Aug 2016, 1.10 pm  |  Source: PTI

  • Strides gets nod from US regulator for constipation drug

    Strides gets nod from US regulator for constipation drug  

    In a BSE filing, Strides Shasun said: "It has received approval from the US Food and Drug Administration (USFDA) for Polyethylene Glycol 3350, powder for solution 17 grams/capful and 17 grams/packet (OTC)".

    25 Aug 2016, 12.56 pm  |  Source: PTI

  • IL&FS Transportation to sell APEL for Rs 140 crore

    IL&FS Transportation to sell APEL for Rs 140 crore  

    "The company has entered into a share purchase agreement on August 24 with Cube Highways & Infrastructure Pte Ltd, a company incorporated in Singapore, for sale of its entire equity stake in Andhra Pradesh Expressway Ltd (APEL) fo...

    25 Aug 2016, 12.44 pm  |  Source: PTI

  • Aim to open 100 screens by end of FY17: Mukta Arts

    Aim to open 100 screens by end of FY17: Mukta Arts   

    In an interview with CNBC-TV18, Rahul Puri, MD of Mukta Arts said that he expects the company to turn profitable by the end of this year.

    25 Aug 2016, 12.38 pm  |  Source: CNBC-TV18

  • Uber says limited licences curb growth in Kolkata

    Uber says limited licences curb growth in Kolkata  

    "Not many cars are joining the Uber platform in Kolkata for the last six months. The state transport department has been issuing commercial licences in a restricted manner which has been the cause," Ashwin Dias, GM (east) of Uber ...

    25 Aug 2016, 12.38 pm  |  Source: PTI

  • Indiabulls Housing raised Rs 7,000 cr since July 1 via NCDs

    Indiabulls Housing raised Rs 7,000 cr since July 1 via NCDs  

    "The company has allotted secured, redeemable, non-convertible debentures, for an amount aggregating to Rs 7,030 crore on a private placement basis, from July 1, 2016 till date," Indiabulls Housing Finance said in a regulatory fil...

    25 Aug 2016, 12.02 pm  |  Source: PTI

  • Welspun to appoint external auditor to look into supply lapses

    Welspun to appoint external auditor to look into supply lapses   

    The retailer had said as soon as its investigation confirmed the substitution, it pulled all remaining product from Target stores and Target.com.

    25 Aug 2016, 11.56 am  |  Source: PTI

  • Welspun scandal follows yrs of plummeting Egyptian cotton output

    Welspun scandal follows yrs of plummeting Egyptian cotton output  

    The shortage of cotton from Egypt, which commands a premium due to its superior quality, creates an incentive to blend it with other types of cotton without disclosing it or to counterfeit the label altogether, cotton traders said...

    25 Aug 2016, 11.49 am  |  Source: Reuters

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