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Business News

  • Brexit to hit revenues, but Q1 is a safe period: Mastek

    Brexit to hit revenues, but Q1 is a safe period: Mastek  

    The impact of the currency will mainly be seen in the topline and not so much in the margins, assures Sudhakar Ram, MD & Group CEO, Mastek, adding that the company is comfortably hedged.

    28 Jun 2016, 11.32 am  |  Source: CNBC-TV18

  • Adi Godrej sees GST, pay revisions driving consumption

    Adi Godrej sees GST, pay revisions driving consumption   

    For his own company, he sees revenues growing by 5 percentage points with good monsoon and the GST.

    28 Jun 2016, 10.01 am  |  Source: CNBC-TV18

  • Liquid Telecom to buy Tata`s South African arm for Rs 2900 cr

    Liquid Telecom to buy Tata's South African arm for Rs 2900 cr  

    Liquid Telecom will acquire Neotel for Rs 2,900 crore. RBH, post the acquisition, will hold 30 percent stake in Neotel.

    28 Jun 2016, 8.42 am  |  Source: Moneycontrol.com

  • Bajaj Finserv in talks with JV partner on `various options`

    Bajaj Finserv in talks with JV partner on 'various options'  

    Bajaj Finserv is the financial services unit of Bajaj Holdings and Investments. It has 74 percent stake each in both the ventures.

    28 Jun 2016, 7.56 am  |  Source: PTI

  • Govt should not delay halting coal plant expansion: Greenpeace

    Govt should not delay halting coal plant expansion: Greenpeace  

    "It is clear that India needs an aggressive shift to clean energy now. There should be no delay in implementing the thermal power plant emission standards and halting the expansion of coal-based power," said Sunil Dahiya, Campaign...

    28 Jun 2016, 7.56 am  |  Source: PTI

  • Ola levels allegations against Uber in HC

    Ola levels allegations against Uber in HC  

    Taxi aggregator Ola Cabs today submitted in the Karnataka High Court that it has complied with all requirements of government rules for its operations.

    28 Jun 2016, 7.56 am  |  Source: PTI

  • Volkswagen reaches $14.7 bn emissions settlement

    Volkswagen reaches $14.7 bn emissions settlement  

    Volkswagen would repair or buy back polluting vehicles and pay each owner as much as USD 10,000 under a USD 14.7 billion deal the car maker has reached to settle lawsuits stemming from its emissions cheating scandal, a person brie...

    28 Jun 2016, 7.32 am  |  Source: PTI

  • Aim to cross $1 billion revenue target in FY17: Myntra

    Aim to cross $1 billion revenue target in FY17: Myntra  

    Myntra's CEO, Ananth Narayanan in an exclusive conversation with CNBC-TV18's Rukmini Rao also says he expects to reach out to about 10 million customers by the end of the season.

    27 Jun 2016, 10.09 pm  |  Source: CNBC-TV18

  • Three candidates interviewed for SBI`s MD post

    Three candidates interviewed for SBI's MD post  

    Three candidates were interviewed for the post of a managing director of the country's largest lender State Bank of India, sources said

    27 Jun 2016, 9.58 pm  |  Source: PTI

  • Sistema to buy out Russian govt`s 17.14% stake in SSTL

    Sistema to buy out Russian govt's 17.14% stake in SSTL  

    Russian conglomerate Sistema JSFC said it will acquire Russia Government's 17.14 percent stake in Sistema Shyam TeleServices Limited (SSTL) for an estimated USD 777 million

    27 Jun 2016, 9.58 pm  |  Source: PTI

  • Commercial banks deposits double to Rs 89L cr during 2010-2015

    Commercial banks deposits double to Rs 89L cr during 2010-2015  

    Deposits with commercial banks almost doubled during 2010-2015 to Rs 89.22 lakh crore while their credit rose twofold to Rs 68.78 lakh crore during the same period, RBI data showed on June 27

    27 Jun 2016, 9.56 pm  |  Source: PTI

  • China`s Baidu to mass-produce driverless cars in 5 years

    China's Baidu to mass-produce driverless cars in 5 years  

    Chinese tech giant Baidu on June 27 said it plans to begin mass-production of driverless cars in five years as part of its efforts to get ahead of its US rivals Google and Tesla Motors in the autonomous vehicle technology

    27 Jun 2016, 9.16 pm  |  Source: PTI

  • NSE to file draft papers for domestic listing by Jan 2017

    NSE to file draft papers for domestic listing by Jan 2017  

    Spelling out its listing plans, top bourse NSE on June 27 said it is has decided to get listed in India as well as abroad and will file draft IPO papers with SEBI for the domestic public issue by January 2017

    27 Jun 2016, 7.20 pm  |  Source: PTI

  • Satin CreditCare to raise Rs 100 cr via bonds

    Satin CreditCare to raise Rs 100 cr via bonds  

    Satin Creditcare Network, the microfinance lender on June 27 said it plans to raise Rs 100 crore by issuing bonds on a private placement basis

    27 Jun 2016, 7.20 pm  |  Source: PTI

  • MEP Infrastructure bags Rs 605 cr project from NHAI

    MEP Infrastructure bags Rs 605 cr project from NHAI  

    MEP Infrastructure Developers Ltd said it has won a highways project in Gujarat at a bid cost of Rs 604.68 crore.

    27 Jun 2016, 6.32 pm  |  Source: PTI

  • Hotel Leelaventure adopting asset-light strategy for growth

    Hotel Leelaventure adopting asset-light strategy for growth  

    Hospitality firm Hotel Leelaventure is adopting an asset-light strategy for future growth with more properties being taken under the management contract model

    27 Jun 2016, 6.32 pm  |  Source: PTI

  • ICICI Lombard eyes 20% growth in 2-wheeler segment this fiscal

    ICICI Lombard eyes 20% growth in 2-wheeler segment this fiscal  

    Private sector non-life insurer ICICI Lombard is looking at 20 percent growth in the long term two-wheeler segment during the current fiscal, a senior company official said on June 27

    27 Jun 2016, 6.02 pm  |  Source: PTI

  • Crisil, Teri, PwC vying for consultant`s job in MNRE

    Crisil, Teri, PwC vying for consultant's job in MNRE  

    Eight entities, including Crisil, Teri and PwC are in race to become consultant for New and Renewable Energy Ministry for vetting proposals for small hydro projects of up to 25 MW

    27 Jun 2016, 4.54 pm  |  Source: PTI

  • AirAsia unveils promo fares for one-way domestic trips

    AirAsia unveils promo fares for one-way domestic trips  

    Low-cost airline AirAsia launched promotional fares starting Rs 786 (all inclusive) for a one-way trip to domestic destinations on June 27

    27 Jun 2016, 4.54 pm  |  Source: PTI

  • Overseas listing to give visibility on the global platform: NSE

    Overseas listing to give visibility on the global platform: NSE   

    In an interview with CNBC-TV18, Chitra Ramkrishna, MD and CEO of NSE said that the dual listing plan is all about ‘Brand India’ and overseas listing will give visibility on the global platform.

    27 Jun 2016, 4.48 pm  |  Source: CNBC-TV18

  • Is consolidation on the cards for insurance industry?

    Is consolidation on the cards for insurance industry?  

    HDFC Ergo-L&T General Insurance buyout, HDFC Life-Max Life merger and a potential Bajaj Finserv acquisition of Allianz's stake in its joint ventures may spill over and pave way for such mergers going ahead.

    27 Jun 2016, 4.46 pm  |  Source: Moneycontrol.com

  • So you thought you knew everything about learning. Try an app

    So you thought you knew everything about learning. Try an app  

    Education entrepreneur Jayadev Gopalakrishnan and technologist Gokul Janga bootstrapped HashLearn Now three years ago. HashLearn is an android mobile app that connects students to tutors available 24/7.

    27 Jun 2016, 4.44 pm  |  Source: Moneycontrol.com

  • TataCLiQ.com signs up 12 global brands

    TataCLiQ.com signs up 12 global brands  

    Tata group's e-commerce venture TataCLiQ.com on June 27 said it has partnered with 12 international brands, including New Look, Oasis, Lipsy London, Phase Eight, Hawes & Curtis, to sell on its platform

    27 Jun 2016, 4.16 pm  |  Source: PTI

  • May offload stake in NSE ahead of its IPO: IFCI

    May offload stake in NSE ahead of its IPO: IFCI   

    IFCI will offload 0.5 percent stake by June 30 and expects the overall sale to fetch it around RS 700-900 crore, says Malay Mukherjee, CEO & MD of IFCI, in an interview to CNBC-TV18.

    27 Jun 2016, 4.00 pm  |  Source: CNBC-TV18

  • Russia`s Sistema says to buy 17.14% of its subsidiary in India

    Russia's Sistema says to buy 17.14% of its subsidiary in India  

    Under the agreement, the payment for the shares will be made to the Russian budget in instalments over a period of five years, Sistema said. It did not disclose the price.

    27 Jun 2016, 3.57 pm  |  Source: Reuters

  • Micromax connects with regional users with 2 new devices

    Micromax connects with regional users with 2 new devices  

    Domestic handset major Micromax will strengthen support for regional languages on its devices and is launching two new smartphones supporting 12 Indian languages

    27 Jun 2016, 3.56 pm  |  Source: PTI

  • Nissan partners MyTVS to bolster service network in India

    Nissan partners MyTVS to bolster service network in India  

    Together with MyTVS, Nissan plans to have eight authorised service points in Tamil Nadu, in addition to its own dealers network of 23 outlets, to improve customer access to car service.

    27 Jun 2016, 3.50 pm  |  Source: PTI

  • MBL Infra bags Rs 779 cr road project from NHAI

    MBL Infra bags Rs 779 cr road project from NHAI  

    "MBL Infrastructures Ltd has been awarded...project on DBFOT (Design-Build-Finance-Operate-Transfer) hybrid annuity basis by National Highways Authority of India (NHAI)," the company said in a BSE filing.

    27 Jun 2016, 3.14 pm  |  Source: PTI

  • Wartsila bags order to build two vessels for Adani

    Wartsila bags order to build two vessels for Adani  

    "Wartsila has won an order for two new 8000m3 trailing suction hopper dredgers being built for the Adani group, India's largest private multi-port operator," the company said in a statement.

    27 Jun 2016, 3.14 pm  |  Source: PTI

  • BHEL commissions two hydel units in Afghanistan

    BHEL commissions two hydel units in Afghanistan  

    The Salma Dam or the Afghan-India Friendship Dam was inaugurated by the Prime Minister Narendra Modi in presence of the Afghanistan President Ashraf Ghani, BHEL said in a statement.

    27 Jun 2016, 3.08 pm  |  Source: PTI

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