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Budget 2017

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Business News

  • Industry to continue growing in mid-teens: Max Life

    Industry to continue growing in mid-teens: Max Life  

    Listing is a time-consuming process and not for all companies, only for those that have reached certain maturity and scale, says Rajesh Sud, Executive VC & MD, Max Life Insurance.

    20 Jan 2017, 11.17 am  |  Source: CNBC-TV18

  • Future Consumer forms JV with Tilda Hain India

    Future Consumer forms JV with Tilda Hain India  

    It further said: "The company and Hain India each shall hold 50 percent of the paid-up share capital of the JV company. Both shall have the right to nominate three directors each on the board of the JV company." Future Consumer is...

    20 Jan 2017, 11.12 am  |  Source: PTI

  • Ola expands `Play` to Prime users

    Ola expands 'Play' to Prime users  

    The Bengaluru-based company had launched Ola Play about two months ago, offering it to select users.

    20 Jan 2017, 11.12 am  |  Source: PTI

  • Mistry spat not only reason for loss in Tata group mcap: SES

    Mistry spat not only reason for loss in Tata group mcap: SES  

    Proxy governance firm Stakeholder Empowerment Services (SES) is of the opinion that the fall in market cap or investors loss in Tata Group companies is largely due to other factors rather than governance issues, which seem to have...

    20 Jan 2017, 10.50 am  |  Source: Moneycontrol.com

  • M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore

    M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore  

    The all-cash deal is expected to be completed in three months, M&M informed the bourses in a statement. M&M will acquire 1.42 billion shares of the Turkish company.

    20 Jan 2017, 10.39 am  |  Source: Moneycontrol.com

  • Adapting to automation a bigger hurdle than Trump: Tech Mahindra

    Adapting to automation a bigger hurdle than Trump: Tech Mahindra  

    Speaking to CNBC-TV18, Vineet Nayyar, Vice Chairman of Tech Mahindra, said the IT sector has become neutral to location and would adjust to the policies of the new US administration.

    20 Jan 2017, 10.08 am  |  Source: CNBC-TV18

  • Uttam Galva looks for debt resolution option

    Uttam Galva looks for debt resolution option  

    "Since the company is in financial stress, lenders and company are looking at various options for resolution of debt including initiating discussions with potential strategic partners/investors as per the directions of the lenders...

    20 Jan 2017, 9.38 am  |  Source: PTI

  • RInfra gets court approval for transfer of divisions to arm

    RInfra gets court approval for transfer of divisions to arm  

    "High Court of judicature at Bombay has allowed the Scheme of Arrangement between Reliance Infrastructure Ltd and Reliance Electric Generation and Supply Limited vide order dated January 19, 2017," the company said in a filing to ...

    20 Jan 2017, 9.38 am  |  Source: PTI

  • DIAL strikes deal worth over Rs 315 cr for developing land

    DIAL strikes deal worth over Rs 315 cr for developing land  

    Bharti Realty, the real estate arm of Bharti Group, has been given a contract to develop an area of nearly 2 lakh square metres of retail space near the airport here.

    20 Jan 2017, 9.36 am  |  Source: PTI

  • WNS Q3 revenue up 11% to $139.8 million

    WNS Q3 revenue up 11% to $139.8 million  

    "In the fiscal third quarter, we continued to deliver solid revenue growth, margins and cash flow, and to strategically invest for the future," Keshav Murugesh, WNS' Chief Executive Officer, said in a statement here.

    20 Jan 2017, 9.12 am  |  Source: PTI

  • OMCs ask govt for compensation for cashless discount burden

    OMCs ask govt for compensation for cashless discount burden  

    State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.

    20 Jan 2017, 8.31 am  |  Source: Moneycontrol.com

  • India, UAE to hold first strategic dialogue today

    India, UAE to hold first strategic dialogue today  

    Announcing Al Nahyan's visit between January 24-26, External Affairs Ministry Spokesperson Vikas Swarup today said the dignitary would call on the President and the Vice-President as well as hold discussions with Prime Minister Na...

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Videocon Telecom to shut Punjab circle ops from February 15

    Videocon Telecom to shut Punjab circle ops from February 15  

    "Quadrant Televentures (QTL) is an entity forming part of Videocon Group. QTL is holding Unified Access Service Licence (UASL) for Punjab circle.

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Govt to infuse Rs 1,894 cr capital into SBI

    Govt to infuse Rs 1,894 cr capital into SBI  

    This is the part of Rs 7,575 crore capital infusion announced by the government in July last year. As per the announcement, the government released 75 per cent of the amount while the rest was withheld.

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Maldives keen on Indian investments in ports, airports

    Maldives keen on Indian investments in ports, airports  

    "Maldives has a proud track record of welcoming FDIs, particularly from India. In fact, Indian investments played a pivotal role in the phenomenal economic growth of the Maldives over the last three decades," Maldivian Minister of...

    20 Jan 2017, 8.30 am  |  Source: PTI

  • Motherson Sumi to buy Finland`s PKC Group for $609 million

    Motherson Sumi to buy Finland's PKC Group for $609 million  

    Motherson has offered 23.55 euros per PKC share, representing a 51 percent premium to PKC's closing price on Thursday.

    20 Jan 2017, 7.51 am  |  Source: Reuters

  • Zydus Cadila acquires US-based Sentynl Therapeutics

    Zydus Cadila acquires US-based Sentynl Therapeutics  

    With this acquisition, it said the company makes a foray into the specialty pain market in the US valued at USD 8 billion.

    20 Jan 2017, 7.44 am  |  Source: PTI

  • MNCs have sleepless nights because of Patanjali: Ramdev

    MNCs have sleepless nights because of Patanjali: Ramdev  

    "No MNC comes here to give you money, they have no love for India, they are here to earn profits. They bring Re 1 with them and take back Rs 100 with them. It is because of Patanjali, all these MNCs have sleepless nights," Ramdev ...

    19 Jan 2017, 10.18 pm  |  Source: PTI

  • Expect Rosneft deal to close by March 2017: Essar`s Ruia

    Expect Rosneft deal to close by March 2017: Essar's Ruia   

    Rosneft deal will be closed by March 2017 and banks will receive their dues around the same period as the deal closure, said Prashant Ruia, CEO, Essar Group.

    19 Jan 2017, 9.57 pm  |  Source: CNBC-TV18

  • HDFC Life profit up 10% at Rs 645 cr in Apr-Dec

    HDFC Life profit up 10% at Rs 645 cr in Apr-Dec  

    Its net profit (based on IGAAP) was at Rs 589 crore during the corresponding April-December period of 2015-16.

    19 Jan 2017, 9.32 pm  |  Source: PTI

  • Irdai proposes 7 principles of stewardship for insurers

    Irdai proposes 7 principles of stewardship for insurers  

    Stewardship Code for Insurers in India proposes a set of seven "principles" to be adopted by the insurers as institutional investors.

    19 Jan 2017, 9.28 pm  |  Source: PTI

  • ICICI says will allow PhonePe only after NPCI changes its rules

    ICICI says will allow PhonePe only after NPCI changes its rules  

    ICICI and NPCI have locked themselves in a war of words over blockage of Flipkart owned payments app PhonePe.

    19 Jan 2017, 9.26 pm  |  Source: Moneycontrol.com

  • 2017 will be a difficult year for margins: Sunil Mittal

    2017 will be a difficult year for margins: Sunil Mittal   

    Speaking to CNBC-TV18 Sunil Bharti Mittal, Founder & Chairman of Bharti Enterprises, said that the focus will be on building networks, and bringing in more technology.

    19 Jan 2017, 9.22 pm  |  Source: Moneycontrol.com

  • Adani Ports raises USD500 million via bonds

    Adani Ports raises USD500 million via bonds  

    "The company has raised USD 500 million by allotment of fixed rate senior unsecured notes. The said notes will be listed on Singapore Exchange Securities Trading Ltd," the firm informed the BSE.

    19 Jan 2017, 8.46 pm  |  Source: PTI

  • Bharti Airtel plans to raise funds via debentures, bonds

    Bharti Airtel plans to raise funds via debentures, bonds  

    The company, however, did not disclose the quantum of funds that would be raised through the debt instruments.

    19 Jan 2017, 8.46 pm  |  Source: PTI

  • CCI slaps Rs 206 cr fine on seven cement companies

    CCI slaps Rs 206 cr fine on seven cement companies   

    Competition Commission today imposed nearly Rs 206 crore penalty on seven cement companies for bid-rigging and cartelisation.

    19 Jan 2017, 8.20 pm  |  Source: PTI

  • US jobless claims hit lowest level in more than 43 years

    US jobless claims hit lowest level in more than 43 years  

    Washington, Jan 19 (AP) The number of Americans seeking unemployment benefits dropped last week to the lowest level in more than 43 years, another sign that most American workers enjoy job security.

    19 Jan 2017, 8.18 pm  |  Source: PTI

  • Make in India theme is a game-changer for economy: Baba Kalyani

    Make in India theme is a game-changer for economy: Baba Kalyani   

    Every business had bottomed and growth has witnessed a slump in the last year, says Kalyani. However, he feels the growth is returning and he sees double-digit growth coming back next fiscal.

    19 Jan 2017, 8.00 pm  |  Source: Moneycontrol.com

  • India key target for attacks on m-wallets, PoS devices:F-Secure

    India key target for attacks on m-wallets, PoS devices:F-Secure  

    Post demonetisation, India is expected to be a key target for cyber criminals using malware to attack point-of-sales (POS) devices and mobile wallets this year, security software firm F-Secure said today.

    19 Jan 2017, 8.00 pm  |  Source: PTI

  • Tata Housing ties up with Lotus Greens to enter Noida market

    Tata Housing ties up with Lotus Greens to enter Noida market  

    Realty major Tata Housing today announced foray into the Noida property market in partnership with local developer Lotus Greens for a 20-acre housing project.

    19 Jan 2017, 7.42 pm  |  Source: PTI

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