The restructuring will help strengthen financial ratios for the company, says Mehul Sukkawala of Standard & Poor’s Ratings Service.
31 Mar 2016, 9.20 am | Source: CNBC-TV18
State-run lender SBI today announced a move towards marginal cost of funds based lending rates (MCLR), with effect from April 1, 2016, in line with a Reserve Bank policy that called for a shift to the new regime.
31 Mar 2016, 8.40 am | Source: CNBC-TV18
Although the government on Tuesday explicitly stated 100 percent foreign direct investment is allowed into online market places, clarity is awaited on whether FDI will be allowed in single-brand entities as well, says Sumant Kasli...
30 Mar 2016, 10.22 pm | Source: CNBC-TV18
JN Gupta, former Executive Director of SEBI points out that this issue is no longer limited to banks but has taken a socio-political angle. Therefore, it is difficult to expect banks to take a purely commercial decision on whether...
30 Mar 2016, 10.03 pm | Source: CNBC-TV18
In an exclusive interview, Tata Steel Director Koushik Chatterjee said the company took the "strategic" decision to divest in the UK business in light of its grim financial condition and that it could take any further impairments.
30 Mar 2016, 5.00 pm | Source: CNBC-TV18
Last year member companies invested about USD 15 billion into India and the number is likely to go up to USD 27 billion in next two-years, said Mukesh Aghi, President, USIBC.
30 Mar 2016, 4.03 pm | Source: CNBC-TV18
The company expects a better FY17 on back of four new launches, says Aman Verma, CFO of Arihant Superstructures.
30 Mar 2016, 2.45 pm | Source: CNBC-TV18
Prices started to move only in 2015, far away from the 2011 allotment, says Om Garg, Chairman and MD, Cupid Limited.
30 Mar 2016, 2.00 pm | Source: CNBC-TV18
Speaking to CNBC-TV18, Ashok Kajaria said that Indian manufacturers can win back market share on the back of this reform and Kajaria’s volume growth will be 2 percent higher due to this duty.
30 Mar 2016, 1.37 pm | Source: CNBC-TV18
The Join Lenders Forum yesterday approved strategic debt restructuring (SDR) for Unity Infraprojects. Consortium of 21 banks includes SBI, ICICI Bank, Bank of Baroda, IDBI Bank & Axis Bank.
30 Mar 2016, 1.36 pm | Source: CNBC-TV18
BEL expects a revenue growth of 15 percent after three years on back of defence programmes, says SK Sharma, CMD of the company.
30 Mar 2016, 12.43 pm | Source: CNBC-TV18
Most of the other e-commerce companies use Blue Dart services despite having their own captive logistics arms, says Yogesh Dhingra, CFO & COO of Blue Dart
30 Mar 2016, 12.41 pm | Source: CNBC-TV18
The company is expecting an order book worth Rs 400 crore more and hopes to have an additional Rs 1,000 crore in its order book by April-May of this year, says Sunil Agarwal, President and CEO of ARSS Infra
30 Mar 2016, 11.34 am | Source: CNBC-TV18
Anti-dumping duty imposed by the government is positive for the company. Expect Chinese tiles to become less competitive, says Vikram Somany, CMD, Cera Sanitaryware.
30 Mar 2016, 11.20 am | Source: CNBC-TV18
Max India and Max Ventures and Industries are yet to list, and we are expecting approvals by early to mid-May, says Rahul Khosla, Chairman of Max Life Insurance.
30 Mar 2016, 10.52 am | Source: CNBC-TV18
Slippages in non-performing assets will come down in the fiscal year 2017 and the bank is trying to keep the rate of slippages in Q4 lower than what it was in the third, says BP Sharma, MD and CEO of the bank
30 Mar 2016, 10.30 am | Source: CNBC-TV18
The current domestic demand for steel in China is very strong and so it is exporting less, which has aided the rally in steel prices, says Annalisa Jeffries, Associate Editorial Director.
30 Mar 2016, 10.20 am | Source: CNBC-TV18
E-commerce players can no longer participate in the pricing model and are not allowed to provide any discount which implies that these companies are just commerce enablers from here on, Rakesh Biyani said.
30 Mar 2016, 9.36 am | Source: CNBC-TV18
JP Associates will sell cement plants with capacity of 22.4 million tonnes for Rs 16,500 crore to UltraTech, sources say.
30 Mar 2016, 9.27 am | Source: CNBC-TV18
The new regime, however, won't affect the margins of State Bank of India, says its MD Rajnish Kumar, adding they (margins) would be protected through efficient asset liability management.
30 Mar 2016, 8.31 am | Source: CNBC-TV18
In the last five months, plants of nine Indian pharmaceutical companies - Cipla, Dr Reddy’s, Sun Pharma, Cadila, Lupin and Natco Pharma.- have come under the US Food and Drug Administration (FDA) scanner.
29 Mar 2016, 9.29 pm | Source: CNBC-TV18
Snapdeal's Co-Founder Kunal Bahl believes the government is finally clearing the bottlenecks, which will impact positively for Indian market.
29 Mar 2016, 8.16 pm | Source: CNBC-TV18
The company is still working out the details for a foray into the non-vehicle defence business, says Nitin Seth, President-LCV & Defence, Ashok Leyland.
29 Mar 2016, 4.27 pm | Source: CNBC-TV18
Mercedes Benz launched its luxury sedan S400 in India on Tuesday at an ex-showroom (Delhi) price of Rs 1.31 crore. It has already launched eight vehicles under the Make in India programme, says Roland Folger, CEO, Mercedes Benz In...
29 Mar 2016, 3.20 pm | Source: CNBC-TV18
The company has also started to relaunch its premium brands like Iced Vodka, AC Black and Aristocrat Premium, says Roshini Sanah Jaiswal, Promoter and Chief Restructuring Officer, Jagatjit Industries.
29 Mar 2016, 1.42 pm | Source: CNBC-TV18
The current price is only for small quantities and the first harvest of the season, says DP Maheshwari, MD and CEO of Jayshree Tea. A chief worry for industry is the rising production costs of Darjeeling tea, says K Datta, CMD of ...
29 Mar 2016, 1.01 pm | Source: CNBC-TV18
Nitin Patel, company's director, expects a (compounded annual growth rate) CAGR of 25 percent in toll revenues in the next 7-8 quarters.
29 Mar 2016, 12.45 pm | Source: CNBC-TV18
Although the margin growth of 10 percent in the first nine months of FY16 was not impressive owing to falling crude, Gopal Agarwal, CFO of Ganesha Ecosphere, expects the margins to go up by 100 basis points in the fourth quarter.
29 Mar 2016, 11.41 am | Source: CNBC-TV18
In an interview to CNBC-TV18, Damodaran said he believes that while dilution in government stake and consolidation are important, it is also equally important to have at least few public sector banks.
28 Mar 2016, 8.36 pm | Source: CNBC-TV18
Getting approval to sell the biosimilar drug Glargine in Japan will open doors for the company, feels Kiran Mazumdar Shaw, Chairperson and Managing Director of Biocon.
28 Mar 2016, 4.04 pm | Source: CNBC-TV18