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Business News

  • Will know impact of Brexit`s impact on IT only in Q2: Nasscom

    Will know impact of Brexit's impact on IT only in Q2: Nasscom  

    Nasscom president R Chandrashekhar told CNBC-TV18's Rukmini Rao earlier today that only by the end of the second quarter will a clear picture emerge on the extent of Brexit's impact.

    29 Aug 2016, 6.12 pm  |  Source: CNBC-TV18

  • Address water problem to plan hydro projs execution: NHPC

    Address water problem to plan hydro projs execution: NHPC  

    NHPC Executive Director AB Agrawal while participating in a panel discussion on 'Development of Hydro Projects: Issues and Possible Solutions' stressed on educating the masses and policymakers on benefits of hydropower and the nee...

    29 Aug 2016, 5.30 pm  |  Source: PTI

  • IDBI Bank pares stake in CARE to 3.4% for Rs 100 cr

    IDBI Bank pares stake in CARE to 3.4% for Rs 100 cr  

    State-owned IDBI Bank today said it has cut its stake in rating agency CARE to 3.40 percent from 6.12 percent.

    29 Aug 2016, 5.30 pm  |  Source: PTI

  • Revised Indo-Mauritius tax treaty to curb tax evasion: FinMin

    Revised Indo-Mauritius tax treaty to curb tax evasion: FinMin  

    The revised tax treaty with Mauritius, which allows India to tax capital gains on investments routed through the island nation, will tackle round tripping of funds and curb tax evasion, Finance Ministry said today.

    29 Aug 2016, 5.30 pm  |  Source: PTI

  • Avantha completes stake sale of CGCEL to Advent, Temasek

    Avantha completes stake sale of CGCEL to Advent, Temasek  

    Crompton Greaves Consumer Electricals'(CGCEL)erstwhile promoter Avantha Group today said it has transferred all the shares in the company to complete its stake sale to private equity firms Advent International and Temasek.

    29 Aug 2016, 5.30 pm  |  Source: PTI

  • Tata Motors unveils petrol version of Tiago in Nepal

    Tata Motors unveils petrol version of Tiago in Nepal  

    The vehicle, powered by the Revotron 1.2L petrol engine, can now be booked across the country, Tata Motors said in a statement.

    29 Aug 2016, 4.34 pm  |  Source: PTI

  • Audi launches petrol-powered A6 Matrix priced at Rs 52.75 lakh

    Audi launches petrol-powered A6 Matrix priced at Rs 52.75 lakh  

    The new model comes with various new features including seven-speed transmission and an advanced infotainment system.

    29 Aug 2016, 4.16 pm  |  Source: PTI

  • NABARD sanctions Rs 204.67 cr for Haryana

    NABARD sanctions Rs 204.67 cr for Haryana  

    Nabard has sanctioned Rs 57.49 crore for a 10 MW Photo Voltaic Solar Power Plant at Panipat Thermal Power Station (PTPS), Panipat.

    29 Aug 2016, 4.12 pm  |  Source: PTI

  • India fastest-growing business for Uber, co commits more

    India fastest-growing business for Uber, co commits more  

    Uber Asia (Head of Business) Eric Alexander said the company started its business three years ago in Bengaluru and is now operating in over 20 cities.

    29 Aug 2016, 4.04 pm  |  Source: PTI

  • Plea to RBI, SEBI to intervene to stop SBT-SBI merger

    Plea to RBI, SEBI to intervene to stop SBT-SBI merger  

    The government should desist from the merger move, taking into consideration the views of the people, Kerala Assembly, MPs from the state and stakeholders, including customers and shareholders, the union said in a statement here t...

    29 Aug 2016, 4.00 pm  |  Source: PTI

  • Adi Godrej pitches for low rates under GST

    Adi Godrej pitches for low rates under GST  

    "Now, we are going to finalise the GST rates of taxes. And some people are talking about higher rates that will be very much against the interests of the economy. So, reasonable and low rates will be the best for the economy," he ...

    29 Aug 2016, 4.00 pm  |  Source: PTI

  • Notion Press raises $1 mn in funding from HNIs

    Notion Press raises $1 mn in funding from HNIs  

    The deal will help Chennai-based Notion Press consolidate market leadership, strengthen management team and expand services in the market, a company release said.

    29 Aug 2016, 4.00 pm  |  Source: PTI

  • Vedanta aluminium maintains prod guidance despite power failure

    Vedanta aluminium maintains prod guidance despite power failure  

    "The current run rate of aluminium production is around 1 MTPA and the overall 2016-17 volume guidance remains unchanged at 1.2 MTPA," the company led by billionaire Anil Agrawal said in a regulatory filing today.

    29 Aug 2016, 3.48 pm  |  Source: PTI

  • NTPC to plant 1 crore trees this fiscal

    NTPC to plant 1 crore trees this fiscal  

    "NTPC has embarked upon accelerated afforestation drive with the state forest departments of Madhya Pradesh, Bihar, Assam, Karnataka, Andhra Pradesh, Telengana and Maharashtra to plant 10 million trees during 2016-17," NTPC said i...

    29 Aug 2016, 3.30 pm  |  Source: PTI

  • Coal freight tariff rationalisation: Minimal impact on power

    Coal freight tariff rationalisation: Minimal impact on power  

    The freight of coal which had to go to far-flung places was more, they (railways) have reduced it. In far ahead places, the power is very expensive." Supporting the move, the minister said railways have reduced the freight for lon...

    29 Aug 2016, 3.26 pm  |  Source: PTI

  • Vedanta`s Talwandi Saboo power plant becomes fully operational

    Vedanta's Talwandi Saboo power plant becomes fully operational  

    "The third 660 mw unit of Talwandi Sabo power plant in Punjab has put commercial production on August 24, 2016, and will be capitalised in September 2016," Vedanta has informed BSE.

    29 Aug 2016, 3.18 pm  |  Source: PTI

  • Ujjivan Fin to focus more on micro SME, affordable housing: CEO

    Ujjivan Fin to focus more on micro SME, affordable housing: CEO   

    Cost to income may go up over 60 percent in next two years due to investments in tech and infrastructure advances, says Samit Ghosh MD & CEO, Ujjivan Financial Services.

    29 Aug 2016, 3.14 pm  |  Source: CNBC-TV18

  • Snapdeal`s Gold answer to Amazon, Flipkart premium membership

    Snapdeal's Gold answer to Amazon, Flipkart premium membership  

    Under the service, Snapdeal will offer customers free shipping, free upgrade to next-day-delivery and extended purchase protection.

    29 Aug 2016, 3.14 pm  |  Source: PTI

  • Dr Reddy`s Labs launches nitroglycerin sublingual tablets in US

    Dr Reddy's Labs launches nitroglycerin sublingual tablets in US  

    The drug which is used in preventing or relieving a sudden attack of angina (chest pain) caused by heart disease was approved by the United States Food and Drug Administration (USFDA).

    29 Aug 2016, 3.12 pm  |  Source: PTI

  • Aurobindo`s topline can swell by $350 m with Teva buy: PL

    Aurobindo's topline can swell by $350 m with Teva buy: PL   

    Indian pharmaceutical companies Aurobindo and Intas are among the final contenders for Teva’s generic drug business in UK. The strategy will help the companies expand their European business.

    29 Aug 2016, 3.07 pm  |  Source: CNBC-TV18

  • RIL gets green panel nod for jetty expansion in Gujarat

    RIL gets green panel nod for jetty expansion in Gujarat  

    RIL has an integrated refinery-cum-petrochemical complex in Jamnagar district with a marine terminal in the Gulf of Kutch that has five single-point mooring (SPMs) and a liquid jetty comprising five liquid berths to facilitate sup...

    29 Aug 2016, 2.50 pm  |  Source: PTI

  • Data tariffs may decline 15-20% after Jio launch: Fitch Ratings

    Data tariffs may decline 15-20% after Jio launch: Fitch Ratings   

    To prepare itself for the big Jio launch expected in a few months, Airtel has introduced a new package through which it will offer 1 GB of data for a meagre Rs 51. But users will have to also pay a one time charge of Rs 1500 to en...

    29 Aug 2016, 2.37 pm  |  Source: CNBC-TV18

  • TerraPay acquires UK`s Pay2Global

    TerraPay acquires UK's Pay2Global  

    Pay2Global is a regulated digital international money transfer company with rights into the European Economic Area (EEA).

    29 Aug 2016, 2.22 pm  |  Source: PTI

  • Australia court dismisses case challenging Adani mine approval

    Australia court dismisses case challenging Adani mine approval   

    The Australian Conservation Foundation (ACF) had argued in the Federal Court that the former environment minister Greg Hunt failed to consider if the impact of burning coal and climate pollution was in line with global obligations...

    29 Aug 2016, 2.16 pm  |  Source: PTI

  • India to strengthen maritime ties with Tanzanian

    India to strengthen maritime ties with Tanzanian  

    "So since we have common challenges, we need to chart common policy, cooperation and strategy for one vision and one destiny," Rear Admiral Laswai told reporters after inspecting the Guard of Honour on the South Block lawns here.

    29 Aug 2016, 1.54 pm  |  Source: PTI

  • Considering foray into warehousing business: Chartered Logistics

    Considering foray into warehousing business: Chartered Logistics   

    Chartered Logistics is considering foraying into the specialised warehousing business and is already in talks with a few clients, ED Harsh Gandhi told CNBC-TV18.

    29 Aug 2016, 1.43 pm  |  Source: CNBC-TV18

  • Not rushing in to bring more models to India: Toyota

    Not rushing in to bring more models to India: Toyota  

    The company, which operates in India through a joint venture with the Kirloskar group, was among the worst hit by the Supreme Court ban on diesel cars and SUVs with engines of 2,000 cc and above in Delhi-NCR that lasted for eight ...

    29 Aug 2016, 1.38 pm  |  Source: PTI

  • India never been in stronger position than today: Deepak Parekh

    India never been in stronger position than today: Deepak Parekh  

    "India has never been in a stronger position than today from a macro-economic perspective. The country is demonstrating an immense growth potential helped by a strong leadership at the helm, driving key policy changes," Parekh sai...

    29 Aug 2016, 1.34 pm  |  Source: PTI

  • Airtel cuts 4G price by up to 80%

    Airtel cuts 4G price by up to 80%  

    To avail this benefit, Airtel customers will have to recharge with Rs 1,498 against which they will get 1GB of 4G or 3G mobile internet usage valid for 28 days, the company said in a statement.

    29 Aug 2016, 1.20 pm  |  Source: PTI

  • See 20% topline growth in FY17; bus demand rising: JBM Auto

    See 20% topline growth in FY17; bus demand rising: JBM Auto   

    The bus division will meaningfully start contributing to the topline this fiscal onwards, said Nishant Arya, Executive Director, JBM Group.

    29 Aug 2016, 1.19 pm  |  Source: CNBC-TV18

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