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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Business News

  • Eyeing sectors with minimal govt intervention: Sanjiv Goenka

    Eyeing sectors with minimal govt intervention: Sanjiv Goenka  

    Speaking to CNBC-TV18, Sanjiv Goenka, Chairman of the RP-Sanjiv Goenka Group, said the group had already invested money in IT and BPOs, and would soon explore FMCG.

    23 Jan 2017, 2.23 pm  |  Source: CNBC-TV18

  • Global cos wary of India due to fraud, security concerns

    Global cos wary of India due to fraud, security concerns  

    Fraud, cyber and security incidents are now the ‘new normal’ for companies across the world, according to executives surveyed for the 2016-17 Kroll Annual Global Fraud and Risk Report.

    23 Jan 2017, 1.54 pm  |  Source: Moneycontrol.com

  • Note ban hit Q3 margins; normalcy has returned:Sumeet Industries

    Note ban hit Q3 margins; normalcy has returned:Sumeet Industries   

    Speaking to CNBC-TV18, Shankar Lal Somani, Chairman of Sumeet Industries, said he expects a profit of Rs 1,250 crore in FY18.

    23 Jan 2017, 1.46 pm  |  Source: Moneycontrol.com

  • Demand for rural home loans to surge in Q4: DHFL

    Demand for rural home loans to surge in Q4: DHFL  

    Demand for home loans in rural India is expected to pick up in Q4, that is the word coming in from Harshil Mehta, CEO, DHFL.

    23 Jan 2017, 1.37 pm  |  Source: CNBC-TV18

  • Cuemath raises $15 million in funding

    Cuemath raises $15 million in funding  

    CapitalG (formerly known as Google Capital), the growth equity investment fund of Alphabet (Google's parent company), led this round of funding, the company said in a release.

    23 Jan 2017, 1.32 pm  |  Source: PTI

  • Why markets want Axis Bank to take a haircut & move on

    Why markets want Axis Bank to take a haircut & move on  

    Concerns of investors have not entirely abated after Axis Bank’s December quarter numbers. The stock has been under pressure since it reported higher-than-expected slippages in the second quarter.

    23 Jan 2017, 1.28 pm  |  Source: Moneycontrol.com

  • Trump intervention in pharma may affect Indian suppliers: PwC

    Trump intervention in pharma may affect Indian suppliers: PwC  

    Speaking to CNBC-TV18, Sujay Shetty, Pharma Head at consultancy giant PwC India, said that the new US regime is likely to take up cudgels on behalf of American drug companies.

    23 Jan 2017, 1.10 pm  |  Source: CNBC-TV18

  • Sugar mills body bats for lower sugar cess

    Sugar mills body bats for lower sugar cess   

    In an interview to CNBC-TV18 Abinash Verma, DG, ISMA said the news is negative for the industry and that ISMA has requested the government to continue with both cess and SDF. He added it has also requested the government to revise...

    23 Jan 2017, 12.56 pm  |  Source: CNBC-TV18

  • Companies raise Rs 29,000 cr via NCDs in FY17 so far

    Companies raise Rs 29,000 cr via NCDs in FY17 so far  

    The funds have been raised for funding expansion plans, retiring debt, supporting working capital requirements and other general corporate purposes.

    23 Jan 2017, 12.50 pm  |  Source: PTI

  • Dell Foundation-backed IEIF`s investments cross Rs 13 crore

    Dell Foundation-backed IEIF's investments cross Rs 13 crore  

    ChipperSage offers English proficiency solutions aimed at transforming English comprehension and communication for school students, while Select Jobs is a placement company that uses its distribution network to provide employment ...

    23 Jan 2017, 12.40 pm  |  Source: PTI

  • Amtek Auto asset sale finds no takers; Brexit, valuations weigh

    Amtek Auto asset sale finds no takers; Brexit, valuations weigh  

    Brexit, steep valuations and an unfavourable sale method adopted by debt-ridden Amtek Auto have become the main reasons behind the company’s unsuccessful bids to sell Tekfor, its German division.

    23 Jan 2017, 12.37 pm  |  Source: Moneycontrol.com

  • Taxmen turn gaze on jewellers in wake of cash ban, launch probes

    Taxmen turn gaze on jewellers in wake of cash ban, launch probes  

    The Income Tax department has commenced largescale search operations at gold and diamond jewellers to check the source of their deposits made post the demonetisation announcement.

    23 Jan 2017, 12.34 pm  |  Source: Moneycontrol.com

  • Lupin gets USFDA nod for generic anti-depressant tablets

    Lupin gets USFDA nod for generic anti-depressant tablets  

    In a BSE filing, Lupin said "it has received final approval for its Paroxetin Extended Release Tablets USP, 12.5 mg, 25 mg and 37.5 mg from the United States Food and Drug Administration (USFDA)." The company said it will commence...

    23 Jan 2017, 12.18 pm  |  Source: PTI

  • See 15-20% growth in plastic biz; Q4 to be better: Sintex

    See 15-20% growth in plastic biz; Q4 to be better: Sintex   

    Samir Joshipura, Group CEO, Sintex is very optimistic of the plastic business growing at 15-20 percent post the demerger.

    23 Jan 2017, 12.00 pm  |  Source: CNBC-TV18

  • YourNest invests in defence IoT startup CRON Systems

    YourNest invests in defence IoT startup CRON Systems  

    The pre-series A investment will help the city-based CRON Systems strengthen R&D activity, hire talent and explore new markets across Middle East, Africa and Europe, YourNest said in a statement.

    23 Jan 2017, 11.56 am  |  Source: PTI

  • Suzlon bags 50.40 MW order from a power utility in Gujarat

    Suzlon bags 50.40 MW order from a power utility in Gujarat  

    "The project consists of 24 units of S97 120 metre hybrid tower with rated a capacity of 2.1 MW. Located at Kutch in Gujarat, the project will be completed by March 2017," the company said in a BSE filing.

    23 Jan 2017, 11.48 am  |  Source: PTI

  • See significant growth in digital next quarter: Persistent

    See significant growth in digital next quarter: Persistent   

    Persistent Systems came out with Q3FY17 results which met street expectations. In an interview to CNBC-TV18 Anand Deshpande, Founder, MD & CEO of the company said margins grew better than topline for the quarter ended December.

    23 Jan 2017, 11.39 am  |  Source: CNBC-TV18

  • JSW Steel says evaluating opportunities amid buyout reports

    JSW Steel says evaluating opportunities amid buyout reports  

    "JSW Steel has a vision to be a 40 million tonne steel company in line with the estimated increase in installed capacity in India to 300 million tonnes in the next decade.

    23 Jan 2017, 11.34 am  |  Source: PTI

  • RBL Bank on track to meet to 35% loan growth guidance: CEO

    RBL Bank on track to meet to 35% loan growth guidance: CEO   

    Speaking to CNBC-TV18, Vishwavir Ahuja, RBL Bank’s Managing Director and Chief Executive Officer, said unexpectedly high loan growth in the third quarter had put it on track to meet its annual guidance of 30-35 percent.

    23 Jan 2017, 11.20 am  |  Source: CNBC-TV18

  • Indiabulls cuts interest rates for existing customers by 15 bps

    Indiabulls cuts interest rates for existing customers by 15 bps  

    "The new rates will vary according to a customer's existing rate and the contract date and will effectively be in the range of 8.90 percent on the lowest side and to 10.50 percent on the higher side. Still most customers will get ...

    23 Jan 2017, 9.36 am  |  Source: PTI

  • GSPC looks at financial restructuring post ONGC deal

    GSPC looks at financial restructuring post ONGC deal  

    The Gujarat government firm, which is saddled with nearly Rs 20,000 crore of debt, has a large gas trading business, gas transmission pipelines and city gas business.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Roca eyes doubling global sales to Rs 2,000 cr in 4 years

    Roca eyes doubling global sales to Rs 2,000 cr in 4 years  

    Besides, the company, which acquired Indian brand Parryware in 2006, expects that exports from Indian unit would grow to new territories such as Australia, Europe and contribute up to 13 percent of its global sales.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Demonetisation puts brakes on Hero`s new plants

    Demonetisation puts brakes on Hero's new plants  

    The Delhi-based maker of popular motorcycles such as Splendor and Passion will fully bring on stream the Rs 1,100 crore Gujarat plant based in Halol later in the year, overshooting its earlier target of third quarter of this finan...

    23 Jan 2017, 9.31 am  |  Source: Moneycontrol.com

  • Ruias may lose Essar Steel to PE investor Farallon: Report

    Ruias may lose Essar Steel to PE investor Farallon: Report  

    Sources told ET that post a deal between lenders and Farallon with the company, the PE investor is likely to acquire 26 percent share in Essar Steel while a consortium of banks led by SBI will get 30 percent.

    23 Jan 2017, 9.30 am  |  Source: Moneycontrol.com

  • Persistent Systems to cut campus hiring to one-fourth in FY18

    Persistent Systems to cut campus hiring to one-fourth in FY18  

    Deshpande explained that campus offers are made nearly a year in advance, before the student passes his course and is ready to join the company. But many-a-time, business environments make companies defer the joining dates.

    23 Jan 2017, 9.30 am  |  Source: PTI

  • Sebi observation on insider trading puts Ratan Tata in the clear

    Sebi observation on insider trading puts Ratan Tata in the clear  

    Following complaints from Cyrus Mistry and Nusli Wadia, the country’s market regulator, observed that sharing price sensitive information with a chairman emeritus does not violate insider trading rules.

    23 Jan 2017, 8.49 am  |  Source: Moneycontrol.com

  • Bajaj drives into Indonesia again,this time pillion-riding KTM

    Bajaj drives into Indonesia again,this time pillion-riding KTM  

    Bajaj Auto that markets and manufactures the premium bike brand KTM, is making a second attempt to enter Indonesia, this time pillion-riding on the number one European bike brand.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Amway enters consumer durables segment with cookware range

    Amway enters consumer durables segment with cookware range  

    The largest direct marketing company Amway India today announced its entry into the consumer durables space with a premium cookware range under the label of Amway Queen.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Tier III cities drove 3-day sale: Amazon India

    Tier III cities drove 3-day sale: Amazon India  

    E-commerce major Amazon India saw significant growth in new customer additions in tier III cities like Virudhunagar, Sambalpur and Kolhapur during its 3-day sale that ended today.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Trump`s `Buy American, hire American` pledge spooks Indian IT

    Trump's 'Buy American, hire American' pledge spooks Indian IT  

    New US President Donald Trump's 'Buy American-hire American' rallying cry has put the $150-billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourci...

    22 Jan 2017, 5.24 pm  |  Source: PTI

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