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Business News

  • General insurance ind growing in a big way: New India Assurance

    General insurance ind growing in a big way: New India Assurance   

    New India Assurance will continue to outperform the general insurance industry, says G Srinivasan, CMD of the company.

    23 Feb 2017, 2.47 pm  |  Source: CNBC-TV18

  • ICICI Bank acquires 81.44 cr shares in JPVL

    ICICI Bank acquires 81.44 cr shares in JPVL  

    "ICICI Bank Ltd has acquired 81,44,90,000 shares of Jaipraskash Power Ventures Ltd by conversion of debentures into equity," the company said in a BSE filing.

    23 Feb 2017, 2.38 pm  |  Source: PTI

  • TFA to cut transaction costs, boost exports: FIEO

    TFA to cut transaction costs, boost exports: FIEO  

    The agreement, which seeks to ease customs norms, came into effect yesterday with two-thirds of WTO members ratifying the pact.

    23 Feb 2017, 2.26 pm  |  Source: PTI

  • MobiKwik to invest Rs 300 cr for business growth

    MobiKwik to invest Rs 300 cr for business growth  

    The increase in user base is also expected to boost MobiKwik's annual Gross Merchandise Value (GMV) to USD 10 billion by end of the year from the current USD 2 billion, the company said in a statement here.

    23 Feb 2017, 2.26 pm  |  Source: PTI

  • Industry may see additional Rs 60k cr MF inflow: Indiabulls Hsg

    Industry may see additional Rs 60k cr MF inflow: Indiabulls Hsg   

    Gagan Banga of Indiabulls Housing Finance told CNBC-TV18 he expected roughly Rs 60,000 crore of additional funds to come the way of the top rated housing finance companies from this move.

    23 Feb 2017, 2.07 pm  |  Source: CNBC-TV18

  • Chandrasekaran elected chairman of Tata group`s Indian Hotels

    Chandrasekaran elected chairman of Tata group's Indian Hotels  

    "N Chandrasekaran has been elected as the Chairman of the Board of Directors of the Company with effect from February 22, 2017 vide a written resolution of the Board," IHCL said in a BSE filing.

    23 Feb 2017, 2.00 pm  |  Source: PTI

  • KTM Duke 200 and 390 launch: How 2017 models stack up

    KTM Duke 200 and 390 launch: How 2017 models stack up  

    The Duke 200 was launched at a price of Rs 1.43 lakh, while the Duke 390 costs Rs 2.25 lakh. There was a surprise launch of the Duke 250 too priced at Rs 1.73 lakh.

    23 Feb 2017, 1.35 pm  |  Source: Moneycontrol.com

  • Black Money War: Two lakh shell companies under RoC scanner for money laundering

    Black Money War: Two lakh shell companies under RoC scanner for money laundering  

    More than 2 lakh inactive companies are under the scanner of the Registrar of Companies (RoC) as the government looks to crackdown on shell companies used for evading taxes.

    23 Feb 2017, 12.52 pm  |  Source: Moneycontrol.com

  • Tata Motors mulls raising Rs 500 cr via NCDs

    Tata Motors mulls raising Rs 500 cr via NCDs  

    "The company is desirous of offering the sixth series of its rated, listed, unsecured, redeemable, NCDs aggregating to Rs 500 crore and in this regard is holding a meeting of its duly constituted Committee of the Board on March 2,...

    23 Feb 2017, 12.42 pm  |  Source: PTI

  • Rs 2400 cr to be invested in next 5yrs to promote tourism in J&K

    Rs 2400 cr to be invested in next 5yrs to promote tourism in J&K  

    The Centre along with the Jammu and Kashmir government will be investing Rs 2400 crore over the next five years to give a boost to tourism in the picturesque state with a focus on unexplored and new regions like Kargil.

    23 Feb 2017, 12.42 pm  |  Source: PTI

  • Infibeam gets shareholder nod to issue warrants

    Infibeam gets shareholder nod to issue warrants   

    Infibeam has received shareholder's approval for issue of warrants to Bennett Coleman at a price of Rs 1,375. The board approval for the issue had come in January. "With this new announcement, there is a lot of growth opportunitie...

    23 Feb 2017, 12.41 pm  |  Source: CNBC-TV18

  • Growth to pick in FY18; see more resources from MFs: Repco Home

    Growth to pick in FY18; see more resources from MFs: Repco Home   

    Growth for the company slowed down in the third quarter to 20-21 percent from 25 percent due to demonetisation and Q4 growth would also remain around similar levels, says V Raghu, ED, Repco Home Finance, adding that pickup would b...

    23 Feb 2017, 12.39 pm  |  Source: CNBC-TV18

  • Jaguar launches locally made XF at Rs 47.5 lakh

    Jaguar launches locally made XF at Rs 47.5 lakh  

    The Jaguar XF will be available in a 2.0 litre Ingenium diesel engine with a power output of 132 kW and a 2.0 litre petrol engine with a power output of 177 kW.

    23 Feb 2017, 12.28 pm  |  Source: Moneycontrol.com

  • JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards

    JLR launches Made-in-India Jaguar XF at Rs 47.50 lakh onwards  

    The all-new Jaguar XF will be available in two options -- a 2-litre Ingenium diesel engine with a power output of 132 kW and a 2-litre petrol engine with a power output of 177 kW, the company said in a statement.

    23 Feb 2017, 12.08 pm  |  Source: PTI

  • NTPC drops plan to exit BHEL JV, govt forms panel to revive it

    NTPC drops plan to exit BHEL JV, govt forms panel to revive it  

    The development comes in the wake of the ministry of power setting up a committee to explore ways to infuse life into the struggling equipment maker for power plants. Bharat Heavy Electricals Chairman and Managing Director Atul So...

    23 Feb 2017, 12.06 pm  |  Source: Moneycontrol.com

  • Reliance Jio Effect: Airtel buys Telenor ahead of Voda-Idea deal

    Reliance Jio Effect: Airtel buys Telenor ahead of Voda-Idea deal   

    In yet another consolidation in telecom industry, India’s largest telecom operator Bharti Airtel informed the bourses on Thursday that it will acquire Telenor India assets. The move comes at a time when new entrant Reliance Jio ...

    23 Feb 2017, 12.00 pm  |  Source: Moneycontrol.com

  • Airtel buys Telenor: Norwegian co`s foray was jinxed from get-go

    Airtel buys Telenor: Norwegian co's foray was jinxed from get-go  

    A late entry into India's crowded telcom sector, Telenor (formerly Uninor) from the start of its India operations, was never able to find its footing in the cut-throat industry.

    23 Feb 2017, 12.00 pm  |  Source: Moneycontrol.com

  • SpiceJet commences four-day sales offer

    SpiceJet commences four-day sales offer  

    "The four day sale launched on Wednesday will be open till midnight, 25th February, 2017 whereas the travel period covered is from 9th March 2017 to 13th April 2017," the low cost carrier said in a statement.

    23 Feb 2017, 11.50 am  |  Source: NEWS18.com

  • See 14-15% AUM growth in FY17: Shriram Transport

    See 14-15% AUM growth in FY17: Shriram Transport   

    Umesh Revankar, Managing Director of Shriram Transport Finance Company expects a 14-15 percent AUM growth for new vehicles in FY17.

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

  • Masayoshi Son`s Softbank may invest in Voda-Idea merged entity

    Masayoshi Son's Softbank may invest in Voda-Idea merged entity  

    With the mega-merger between Idea Cellular and Vodafone gaining ground, there is news that both the companies may look to sell 15-20 percent of the merged entity to financial investors and that the investor could well be Softbank.

    23 Feb 2017, 10.27 am  |  Source: Moneycontrol.com

  • India needs to create bad bank quickly: CEA Arvind Subramanian

    India needs to create bad bank quickly: CEA Arvind Subramanian  

    The Finance Ministry on Wednesday backed a call by the Reserve Bank of India to set up an institution similar to a "bad bank," saying urgency was needed to address troubled loans weighing on the banking sector that were hobbling i...

    23 Feb 2017, 10.17 am  |  Source: Reuters

  • IT ministry, UIDAI ask banks to move to Aadhaar Pay by March end

    IT ministry, UIDAI ask banks to move to Aadhaar Pay by March end  

    The IT ministry and the Unique Identification Authority of India (UIDAI) has instructed all banks to move to Aadhaar Pay platform by March end.

    23 Feb 2017, 9.37 am  |  Source: Moneycontrol.com

  • Volkswagen eyes SUV segment in India, lines up Tiguan

    Volkswagen eyes SUV segment in India, lines up Tiguan  

    In its biggest product offensive in five years, the company is also bringing back sedan Passat this year to add to the newly launched performance-oriented hatchback GTI as it bids to position itself as a full range "accessible pre...

    23 Feb 2017, 9.16 am  |  Source: PTI

  • Vistara to launch Pune-Kolkata, Delhi-Port Blair flights soon

    Vistara to launch Pune-Kolkata, Delhi-Port Blair flights soon  

    The airline, jointly owned by the Tata Group and Singapore Airlines, announced the launch of the two new flights as part of its summer schedule.

    23 Feb 2017, 9.14 am  |  Source: PTI

  • Cyient partners with ANSYS to set up simulation lab

    Cyient partners with ANSYS to set up simulation lab  

    "The lab brings together Cyient's expertise in service design, delivery, and operational excellence with ANSYS's market-leading engineering simulation solutions and services to drive the development of innovative proof-of-concepts...

    23 Feb 2017, 9.14 am  |  Source: PTI

  • 88 listed cos can pay dividends totalling Rs 27,600 cr: Report

    88 listed cos can pay dividends totalling Rs 27,600 cr: Report  

    Based on an analysis of the financials of S&P BSE 500 firms for the fiscal 2016, the report said 88 companies paid Rs 278 billion (Rs 27,800 crore) as aggregate dividend in FY 2015-16 and can additionally pay Rs 276 billion (Rs 27...

    23 Feb 2017, 9.12 am  |  Source: PTI

  • KWID surpasses 1.30 lakh sales mark: Renault India

    KWID surpasses 1.30 lakh sales mark: Renault India  

    "KWID has been a true game changer and volume driver for Renault India with more than 1.30 lakh cars sold so far", the company said in a statement.

    23 Feb 2017, 9.12 am  |  Source: PTI

  • N Chandrasekaran may onboard Tata insiders to spruce up ops

    N Chandrasekaran may onboard Tata insiders to spruce up ops  

    Tata Sons' new Chairman N Chandrasekaran is likely to bring on board chief executives of group operating companies to better operational proficiency, reports the Economic Times today.

    23 Feb 2017, 9.09 am  |  Source: Moneycontrol.com

  • AAI pays Rs 560 cr to govt as interim dividend

    AAI pays Rs 560 cr to govt as interim dividend  

    The public sector undertaking had paid a dividend of Rs 482.21 crore to the government for the previous financial year and posted a net profit of Rs 2,537 crore.

    23 Feb 2017, 8.46 am  |  Source: PTI

  • Infosys` audit committee looking into anonymous complaints

    Infosys' audit committee looking into anonymous complaints  

    "The whistle blower complaints have been placed before the audit committee and as is normal practice, in accordance with the company's whistle blower policy, the audit committee is taking steps to initiate an investigation into th...

    23 Feb 2017, 8.14 am  |  Source: PTI

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