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Budget 2017

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Business News

  • Indiabulls Real Estate arm gets Rs 701 cr refund from DDA

    Indiabulls Real Estate arm gets Rs 701 cr refund from DDA  

    Indiabulls Real Estate today said that its subsidiary firm has received Rs 701 crore refund from the Delhi Development Authority (DDA) following a judgement from the Supreme Court of India.

    18 Jan 2017, 5.46 pm  |  Source: PTI

  • India to be net exporter; optimistic of 2017 growth: Tata Steel

    India to be net exporter; optimistic of 2017 growth: Tata Steel   

    India currently exports 700,000-800,000 tonnes of steel and will be a net exporter soon because India already has raw materials and efficient producers, says Tata Steel Managing Director TV Narendran.

    18 Jan 2017, 5.21 pm  |  Source: CNBC-TV18

  • NCLT dismisses Mistry`s contempt petition against Tata Sons

    NCLT dismisses Mistry's contempt petition against Tata Sons  

    The National Company Law Tribunal on Wednesday dismissed the contempt petition filed by Cyrus Mistry, the former Chairman of Tata Sons who was ousted on October 24, 2016.

    18 Jan 2017, 5.17 pm  |  Source: Moneycontrol.com

  • Zydus Cadila gets USFDA nod for chemotherapy drug

    Zydus Cadila gets USFDA nod for chemotherapy drug  

    Drug firm Zydus Cadila today said it has received approval from the US health regulator to market methotrexate tablets, a chemotherapy drug, in the American market.

    18 Jan 2017, 4.44 pm  |  Source: PTI

  • CIL to launch coal auction for power cos with flexible lifting

    CIL to launch coal auction for power cos with flexible lifting  

    Amid soft demand for coal, state- owned CIL will hold long-term special forward auction for power producers with flexible lifting period of up to 3 years.

    18 Jan 2017, 4.42 pm  |  Source: PTI

  • Duville Estates, HDFC launch subvention scheme for customers

    Duville Estates, HDFC launch subvention scheme for customers  

    Realty player Duville Estates today said it has, in association with HDFC Ltd, launched a subvention scheme for its customers for a project in Pune.

    18 Jan 2017, 4.42 pm  |  Source: PTI

  • Warburg Pincus buys 14% stake in PVR for Rs 820 crore

    Warburg Pincus buys 14% stake in PVR for Rs 820 crore   

    Warburg Pincus, a leading global private equity firm focused on growth investing, Wednesday announced that it will hold an equity stake of approximately 14 percent in PVR Limited, India's largest film and retail entertainment comp...

    18 Jan 2017, 4.10 pm  |  Source: CNBC-TV18

  • Reliance Defence delivers bulk carrier to leading shipping co

    Reliance Defence delivers bulk carrier to leading shipping co  

    "Reliance Defence and Engineering Ltd has successfully delivered yet another 74,500 DWT new-built Ice-class Panamax Bulk Carrier viz 'Sea Amber' on January 17, 2017 to an international customer," a company statement said.

    18 Jan 2017, 4.02 pm  |  Source: PTI

  • Telecom slugfest intensifies as Vodafone ups ante in 4G space

    Telecom slugfest intensifies as Vodafone ups ante in 4G space  

    Numbers clearly show that the strategy of acquiring incremental market share at the cost of margins is not really helping any telco. But the companies have a tough choice between margins and customer base

    18 Jan 2017, 4.01 pm  |  Source: Moneycontrol.com

  • Hiring activity slips 7% in December amid uncertainty

    Hiring activity slips 7% in December amid uncertainty  

    The Naukri JobSpeak index for December 2016 stood at 1,659, which is 7 percent down from December 2015. The fall in the index is reflected in a decrease in hiring in key metro cities like Delhi NCR, Mumbai and Bengaluru.

    18 Jan 2017, 3.56 pm  |  Source: PTI

  • Tata firm to invest in Rs 5,900 cr Swan LNG project

    Tata firm to invest in Rs 5,900 cr Swan LNG project  

    Tata Realty and Infrastructure (TRIL), which was set up in 2007 to pursue opportunities in the real estate and infrastructure sectors, is a wholly-owned subsidiary of Tata Sons, the holding company of the Tata Group.

    18 Jan 2017, 3.52 pm  |  Source: PTI

  • BSNL to launch 1000 wifi hotspots to address 4G challenges

    BSNL to launch 1000 wifi hotspots to address 4G challenges  

    Kerala Circle CGM of BSNL, R Mani told reporters here that the proposed hotspots would provide 4.5G speed and it would be commissioned within a months' time.

    18 Jan 2017, 3.40 pm  |  Source: PTI

  • India to consider Apple`s request for incentives with open mind

    India to consider Apple's request for incentives with open mind  

    Apple has sent a list of demands to the Indian government, seeking tax concessions and several other policy exceptions, as necessary pre-requisites before it starts production of its iPhones in India.

    18 Jan 2017, 3.20 pm  |  Source: Reuters

  • Eicher chief sees positive outlook for motorcycles sales

    Eicher chief sees positive outlook for motorcycles sales   

    There could be a spurt of pre-buying in January-March before the switch over to BS-IV norms, said Siddhartha Lal of Eicher Motors. But, the new emission norm changes will add more costs to company's vehicles, he said.

    18 Jan 2017, 3.13 pm  |  Source: CNBC-TV18

  • Budget 2017: Insurers seek a bigger push to health plans

    Budget 2017: Insurers seek a bigger push to health plans  

    Tapan Singhel, MD and CEO of Bajaj Allianz General Insurance said that the government should make it mandatory for employers, both in the organised and unorganised sectors to provide health cover to all their employees.

    18 Jan 2017, 3.08 pm  |  Source: Moneycontrol.com

  • RIL, Russia`s Sibur join hands for Jamnagar butyl rubber unit

    RIL, Russia's Sibur join hands for Jamnagar butyl rubber unit  

    The two signed a memorandum of understanding (MoU) for the same at last week's Vibrant Gujarat Summit in Gandhinagar, RIL said in a statement without giving investment details.

    18 Jan 2017, 3.08 pm  |  Source: PTI

  • Govt to sell 25% stake in general insurance companies:FM Jaitley

    Govt to sell 25% stake in general insurance companies:FM Jaitley   

    The Cabinet on Wednesday approved plans to divest a 25 percent stake in each of the five fully-owned public sector general insurance companies by listing these on stock exchanges.

    18 Jan 2017, 2.52 pm  |  Source: Moneycontrol.com

  • Tata-Mistry spat: 5 things to know about today`s NCLT hearing

    Tata-Mistry spat: 5 things to know about today's NCLT hearing  

    Former Tata Group Chairman Cyrus Mistry, who was unceremoniously ousted in October last year, wants a proper governance structure to be put in place.

    18 Jan 2017, 2.38 pm  |  Source: Moneycontrol.com

  • Ashok Leyland rolls out `Guru` priced at Rs 14.35 lakh

    Ashok Leyland rolls out 'Guru' priced at Rs 14.35 lakh  

    Guru is priced between Rs 14.35 lakh and Rs 16.72 lakh while the latest version of Partner is tagged at Rs 10.59 lakh for 6-tyre variant and Rs 10.29 lakh for four tyre version (all prices ex-showroom Chennai).

    18 Jan 2017, 2.32 pm  |  Source: PTI

  • AppsFlyer raises $56 mn from Qumra Capital, 3 others

    AppsFlyer raises $56 mn from Qumra Capital, 3 others  

    This was led by new investors Qumra Capital, Goldman Sachs Private Capital Investing, Deutsche Telekom Capital Partners (DTCP) and Pitango Growth.

    18 Jan 2017, 2.28 pm  |  Source: PTI

  • Airtel appoints Raj Pudipeddi as CMO for India operations

    Airtel appoints Raj Pudipeddi as CMO for India operations  

    Pudipeddi will report to Gopal Vittal, Managing Director & Chief Executive Officer (India & South Asia), Bharti Airtel.

    18 Jan 2017, 2.14 pm  |  Source: PTI

  • Bharat Wire bags defence order; eyeing another from China soon

    Bharat Wire bags defence order; eyeing another from China soon   

    Bharat Wire Ropes has won Rs 8-crore Defence order. "It is a very prestigious order," said ML Mittal, MD of Bharat Wire Ropes in an interview to CNBC-TV18.

    18 Jan 2017, 2.10 pm  |  Source: CNBC-TV18

  • Panacea inks pact with UNICEF,gets USFDA nod for migraine drug

    Panacea inks pact with UNICEF,gets USFDA nod for migraine drug  

    The company has also received a notification from Pan American Health Organisation (PAHO) for purchase of Easyfive-TT vaccine in the event the agency should have any requirements through December, 31, 2019.

    18 Jan 2017, 1.40 pm  |  Source: PTI

  • Nature`s Basket may shut outlets in Delhi-NCR, overhaul design

    Nature's Basket may shut outlets in Delhi-NCR, overhaul design  

    Nature’s Basket, a 100-percent subsidiary of Godrej Industries, is likely to shut all its outlets in national capital region of Delhi by March, according to sources. The stores, branded Godrej Nature’s Basket, sell premium gou...

    18 Jan 2017, 1.30 pm  |  Source: Moneycontrol.com

  • Ansysco Anand ties up with Seiken Chemical for Indian market

    Ansysco Anand ties up with Seiken Chemical for Indian market  

    Under a technical assistance agreement (TAA) signed between Ansysco Anand and Seiken Chemical Industry, the partners will be catering primarily to Japanese OEMs in India, the company said in a statement.

    18 Jan 2017, 1.28 pm  |  Source: PTI

  • India approves plan to list state-run general insurers: Report

    India approves plan to list state-run general insurers: Report  

    Finance Minister Arun Jaitley had announced in last year's budget the government would list state-owned general insurance companies to improve transparency and accountability.

    18 Jan 2017, 1.00 pm  |  Source: Reuters

  • Expect Budget to focus on agri, rural sectors: Kaveri Seed

    Expect Budget to focus on agri, rural sectors: Kaveri Seed   

    Budget should boost rural economy and farmer financing which were hit by demonetisation, G Vijay Kumar, CFO of Kaveri Seed Company told CNBC-TV18.

    18 Jan 2017, 12.24 pm  |  Source: CNBC-TV18

  • See no note ban pain in Q4, margins to improve: Havells CMD

    See no note ban pain in Q4, margins to improve: Havells CMD   

    Havells India CMD, Anil Rai Gupta, says the impact of demonetisation may not be seen in the fourth quarter. The electrical equipment manufacturer reported increased profit at 27.5 percent year-on-year in the quarter ended 2016.

    18 Jan 2017, 12.22 pm  |  Source: CNBC-TV18

  • Cost of funds down; loan growth momentum will continue: Can Fin

    Cost of funds down; loan growth momentum will continue: Can Fin   

    Can Fin Homes remained unaffected by demonetisation and Managing Director SK Hota told CNBC-TV18 the company's portfolio and type of loans given were the primary reasons behind this.

    18 Jan 2017, 12.21 pm  |  Source: CNBC-TV18

  • Plan to re-start production of Caprolactam in 2-3 months: FACT

    Plan to re-start production of Caprolactam in 2-3 months: FACT   

    Caprolactam fertilizer prices have shot up to USD 1890 per tonne, but FACT is not producing it for last 5 years, said the company’s CMD AB Khare.

    18 Jan 2017, 11.55 am  |  Source: CNBC-TV18

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