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Budget 2017

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Business News

  • Budget 2017: Govt must simplify retail trade policy, says Future Retail

    Budget 2017: Govt must simplify retail trade policy, says Future Retail  

    Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy.

    24 Jan 2017, 10.13 am  |  Source: CNBC-TV18

  • Why housing fin cos score over banks in a falling rate climate

    Why housing fin cos score over banks in a falling rate climate  

    Many home buyers favour taking loans from housing finance companies (HFCs) as stamp duty and registration costs are included while calculating the total costs of the property as compared to only basic property rates for banks.

    24 Jan 2017, 10.07 am  |  Source: Moneycontrol.com

  • Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda

    Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda  

    The medium-powered FZ, which will be locally made, will fill the gap between the existing FZ 150 and the 300cc Yamaha R3. The FZ 250 would be likely priced below Rs 2 lakh, said sources.

    24 Jan 2017, 9.42 am  |  Source: Moneycontrol.com

  • Girnar Software to cut 136 jobs in restructuring exercise

    Girnar Software to cut 136 jobs in restructuring exercise  

    The company, which has been on an acquisition spree over the past two years, is cutting the jobs in order to keep its commitment to the board to become a profitable firm by the first quarter of the next fiscal and reduce "dependen...

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh

    Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh  

    The company has a long waiting list for the vehicle which will be cleared soon so that more and more Hexa could come on road, Business Unit President for passenger vehicles at Tata Motors Mayank Pareek said.

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Blockchain to help investment banks save $12 bn annually: Report

    Blockchain to help investment banks save $12 bn annually: Report  

    Implementation of blockchain in various operations can help investment banks reduce their operational costs by around USD 12 billion annually, a report by Accenture says.

    24 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • India Inc raises $2.8 bn in foreign borrowings in December

    India Inc raises $2.8 bn in foreign borrowings in December  

    In the same month a year ago (December 2015), the foreign borrowings by Indian firms were at USD 3.03 billion.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Housing sales may see 20-30% decline this year: Fitch

    Housing sales may see 20-30% decline this year: Fitch  

    In its report "2017 Outlook: Asia-Pacific Corporates", Fitch changed its outlook on Indian housing sector to negative from stable.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others

    Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others   

    Terming the RS 950 crore loan to the defunct Kingfisher Airlines (KFA) as unsecure, the Central Bureau of Investigation (CBI) on Monday arrested nine people linked to this cae including former CEO of the airlines and two former Ch...

    23 Jan 2017, 9.36 pm  |  Source: CNBC-TV18

  • Vivo ups premium play with V5 Plus

    Vivo ups premium play with V5 Plus  

    Chinese handset maker Vivo has launched a new smartphone -- V5 Plus -- in the Indian market, priced at Rs 27,980, as it looks to expand in the premium handset segment.

    23 Jan 2017, 9.14 pm  |  Source: PTI

  • ABB planning major expansion in India: Nirmala

    ABB planning major expansion in India: Nirmala  

    Industrial technology major ABB is planning major expansion in India with a focus on electrification of buses, Commerce and Industry Minister Nirmala Sitharaman said today.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • BSNL offers free calls for 30 min a day to new users at Rs 149

    BSNL offers free calls for 30 min a day to new users at Rs 149  

    Customers will also have an option to get similar free unlimited calls for three months by paying lumpsum amount of Rs 439, a BSNL statement said.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • Vodafone to invest Rs 3,000 cr in Bengal over 3 years

    Vodafone to invest Rs 3,000 cr in Bengal over 3 years  

    The Memorandum of Understanding to this effect was signed on the sidelines of Bengal Global Business Summit 2017, a Vodafone statement said.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • IFCI offloads entire stake in non-core biz in Hardicon

    IFCI offloads entire stake in non-core biz in Hardicon  

    Infrastructure term lender IFCI Ltd has sold its entire 45.5 percent stake in associated firm Hardicon Ltd at an undisclosed price.

    23 Jan 2017, 9.00 pm  |  Source: PTI

  • Daiichi case: HC asks Singh bros to declare value of total stake

    Daiichi case: HC asks Singh bros to declare value of total stake   

    In the long drawn court battle between Japanese drugmaker Daiichi Sankyo and the former Ranbaxy promoters Malvinder and Shivinder Singh, the Delhi High Court today ordered the Singh brothers to declare the value of their debt free...

    23 Jan 2017, 8.51 pm  |  Source: CNBC-TV18

  • MOIL stake sale at Rs 365/share today; govt to get Rs 480 cr

    MOIL stake sale at Rs 365/share today; govt to get Rs 480 cr  

    Government will sell 10 percent stake in state-owned manganese miner MOIL tomorrow at a floor price of Rs 365 a share, which will fetch around Rs 480 crore to the exchequer.

    23 Jan 2017, 8.24 pm  |  Source: PTI

  • Watch: 10th Mint Annual Banking Conclave 2017

    Watch: 10th Mint Annual Banking Conclave 2017   

    Watch accompanying videos of 10th Mint Annual Banking Conclave 2017, wherein the seven top bankers are discussing about banking - the new landscape.

    23 Jan 2017, 8.23 pm  |  Source: CNBC-TV18

  • Farallon Capital may acquire 24% in Essar Steel for Rs 1,700cr

    Farallon Capital may acquire 24% in Essar Steel for Rs 1,700cr  

    "As part of restructuring of Essar Steel, the financial investor -- Farallon Capital -- has been roped in to invest USD 250 million (Rs 1,700 crore) for a 24 percent equity stake," a source privy to the development said.

    23 Jan 2017, 7.38 pm  |  Source: PTI

  • SEBI struggling to sell Sahara properties due to title disputes

    SEBI struggling to sell Sahara properties due to title disputes  

    The Securities and Exchange Board of India is finding it hard to sell the properties of Sahara India Pariwar because of issues with the title deeds.

    23 Jan 2017, 6.31 pm  |  Source: Moneycontrol.com

  • Manpasand Beverages to more than double capacity in 12-18 months

    Manpasand Beverages to more than double capacity in 12-18 months  

    Fruit juice manufacturer Manpasand Beverages today said it will more than double its production capacity in the next 12-18 months.

    23 Jan 2017, 6.30 pm  |  Source: PTI

  • World Gold Council demands lowering gold taxes from current 13%

    World Gold Council demands lowering gold taxes from current 13%  

    At present, gold attracts Customs duty of 10 percent, excise duty of 1 percent and 1.5 percent value added tax (VAT), taking total taxes on the yellow metal to 13 percent.

    23 Jan 2017, 6.30 pm  |  Source: PTI

  • Cotton production for 2016-17 expected at 341 lakh bales

    Cotton production for 2016-17 expected at 341 lakh bales  

    Cotton production stood at 337.75 lakh bales in the same period last year, Cotton Association Of India (CAI) said in a release here.

    23 Jan 2017, 5.48 pm  |  Source: PTI

  • Video: Fiscal deficit and what it constitutes

    Video: Fiscal deficit and what it constitutes  

    This audio-visual clip spells out the meaning of fiscal deficit and what it constitutes.

    23 Jan 2017, 5.37 pm  |  Source: Moneycontrol.com

  • Ruchi Soya to expand its edible oil fortification initiative

    Ruchi Soya to expand its edible oil fortification initiative  

    Ruchi Soya Industries today said it is planning to expand its edible oil fortification initiative.

    23 Jan 2017, 5.00 pm  |  Source: PTI

  • Bring automation out into open & make it a talking point

    Bring automation out into open & make it a talking point  

    Former US President Barack Obama’s final presidential address to the nation in Chicago recently drew reams of expert columns and outpouring of emotions. The speech was laced with optimism and hope, to embalm a country bruised an...

    23 Jan 2017, 4.36 pm  |  Source: CNBC-TV18

  • GST will lead to upward revision of premium rates: Bharti AXA

    GST will lead to upward revision of premium rates: Bharti AXA  

    Discussing transparency issues in the insurance sector with CNBC-TV18, Sandeep Ghosh, Director & CEO of Bharti AXA said compulsory listing will not solve the issue and companies have asked the regulator to do away with this norm.

    23 Jan 2017, 4.36 pm  |  Source: CNBC-TV18

  • Sun Pharma to sell Ohm Labs site at New Jersey: Sources

    Sun Pharma to sell Ohm Labs site at New Jersey: Sources   

    Sun Pharmaceutical is working on a consolidation plan for its manufacturing units and as part of this plan is looking to sell its Ohm Labs manufacturing site based in New Jersey, reports CNBC-TV18.

    23 Jan 2017, 3.57 pm  |  Source: CNBC-TV18

  • Tata Steel order to help improve margins: North Eastern Carrying

    Tata Steel order to help improve margins: North Eastern Carrying   

    North Eastern Carrying Corporation has bagged a Rs 400-crore order from Tata Steel. In an interview to CNBC-TV18, Utkarsh Jain of North Eastern said the order from Tata Steel will be completed in three-four quarters.

    23 Jan 2017, 3.55 pm  |  Source: CNBC-TV18

  • Okinawa plans to invest $40 mn in 3 years to expand operations

    Okinawa plans to invest $40 mn in 3 years to expand operations  

    The company, which today launched its first electric scooter 'Ridge' priced at Rs 43,702 (ex-showroom Delhi), has already invested around Rs 35 crore to set up operations including a manufacturing facility at Bhiwadi, Rajasthan.

    23 Jan 2017, 3.54 pm  |  Source: PTI

  • Govt initiatives in agri sector aiding sentiment: Shakti Pumps

    Govt initiatives in agri sector aiding sentiment: Shakti Pumps   

    "On the agricultural side, the government is working on agricultural machinery, equipment, irrigation infrastructure or water facilities. So there is a positive sentiment for overall sector", Akhilesh Maru, CFO of Shakti Pumps tol...

    23 Jan 2017, 3.48 pm  |  Source: CNBC-TV18

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