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  • Prices may remain firm for 2 yrs on supply lack: Sakthi Sugars

    Prices may remain firm for 2 yrs on supply lack: Sakthi Sugars  

    For every Re 1 increase in sugar prices, the company’s earnings improve by nearly Rs 20 crore, he says. Currently, sugar prices are around Rs 34-35 per kilogram, which is breakeven level for sugar companies and anything above th...

    30 Jun 2016, 9.00 am  |  Source: CNBC-TV18

  • Godrej Appliances eyes Rs 200 cr from medical refrigerators

    Godrej Appliances eyes Rs 200 cr from medical refrigerators  

    The company has added six offerings this year and plans to set up a capacity of 30,000 units over the next two years.

    30 Jun 2016, 8.54 am  |  Source: PTI

  • Sagoon plans to raise $1.8 mn by diluting 10% stake

    Sagoon plans to raise $1.8 mn by diluting 10% stake  

    Started in 2014, Sagoon offers a social commerce platform for users worldwide and plans to launch an equity crowd-funding initiative with the help of Bankroll.

    30 Jun 2016, 7.26 am  |  Source: PTI

  • SBI seeks DRT certificate to recover debts from Mallya

    SBI seeks DRT certificate to recover debts from Mallya  

    Making submissions on Kingfisher Finvest India versus the bank case, Nagananda submitted the defendants - Mallya and Kingfisher Airlines Limited - have not filed any denial against allegations of fraud made against them, which mak...

    30 Jun 2016, 7.26 am  |  Source: PTI

  • India is the fastest growing market in Asia: Twitter`s VP

    India is the fastest growing market in Asia: Twitter's VP   

    CNBC-TV18's Ronojoy Banerjee spoke to Shailesh Rao, the Vice-President of Twitter where he sounded bullish about the India story. Rao said that India is the fastest growing market in Asia for Twitter.

    29 Jun 2016, 10.18 pm  |  Source: CNBC-TV18

  • Lloyds to axe 640 jobs in cost-cutting drive: Sources

    Lloyds to axe 640 jobs in cost-cutting drive: Sources  

    Lloyds Banking Group plans to axe about 640 jobs, sources close to the matter said on Wednesday, as Britain's largest mortgage lender continues to scale back its branch network and workforce.

    29 Jun 2016, 10.10 pm  |  Source: Reuters

  • Essar settles $500 million of Iran oil bill: Sources

    Essar settles $500 million of Iran oil bill: Sources  

    Essar Oil, the top Indian buyer of Iranian oil, has this month cleared USD 500 million of a debt owed to Tehran, two sources with direct knowledge of the matter said.

    29 Jun 2016, 10.07 pm  |  Source: Reuters

  • UK auto demand not hit by Brexit yet, forecast unchanged

    UK auto demand not hit by Brexit yet, forecast unchanged  

    UK car dealerships saw the same number of customers over the weekend as before Britons voted for Brexit last week, Britain's car industry association said on Wednesday, noting that it would not change its forecast for record sales...

    29 Jun 2016, 9.42 pm  |  Source: Reuters

  • Honda doubles Gujarat plant`s scooter capacity with new line

    Honda doubles Gujarat plant's scooter capacity with new line  

    The plant, located in Ahmedabad district's Mandal taluk, has seen investments of Rs 1,100 crore from the Japanese company and a similar amount from 22 vendors.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Worst likely to be over for commodities, says Vedanta CEO

    Worst likely to be over for commodities, says Vedanta CEO  

    "In my view, provided we don't see any negative surprises coming out of China, the worst should be over for commodities," Vedanta Resources CEO Tom Albanese told PTI.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Oppo proposes to setup Rs 1,000-cr facility in Andhra

    Oppo proposes to setup Rs 1,000-cr facility in Andhra  

    Chinese smartphone firm Oppo is looking to invest Rs 1,000 crore to setup a manufacturing unit in Andhra Pradesh, which is likely to create 25,000 jobs in the state.

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • `Global carmakers compromising on safety aspects in India`

    'Global carmakers compromising on safety aspects in India'  

    Global automobile manufacturers are compromising on safety aspects of cars sold in India and unless they ensured in-built safety features, crashes will continue to be fatal, according to a member of National Road Safety Counci...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Sasan UMPP: SC refuses to stay APTEL`s order on dues recovery

    Sasan UMPP: SC refuses to stay APTEL's order on dues recovery  

    The Supreme Court today refused to stay an order of the Appellate Tribunal for Electricity that allowed Reliance Power-promoted Sasan Ultra Mega Power Project (UMPP) to recover Rs 1,050 crore dues from procurer states and Tata...

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • PayPal starts cross-border protection of buyers, sellers

    PayPal starts cross-border protection of buyers, sellers  

    International payment gateway PayPal on June 29 began a service to safeguard cross-border digital transactions which will, in turn, insulate sellers and buyers from frauds

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • GIC Re`s net profit up by 5.4% to Rs 2,848 cr

    GIC Re's net profit up by 5.4% to Rs 2,848 cr  

    Driven by strong gross written premium, the state-owned reinsurer, GIC Re's net profit increased by 5.4 percent to Rs 2,848 crore in the fiscal year ending March 31

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • United Bank to raise Rs 1,000 cr via equity issue to QIBs

    United Bank to raise Rs 1,000 cr via equity issue to QIBs  

    State-owned United Bank of India on June 29 said it plans to raise Rs 1,000 crore through issuance of equity to qualified institutional buyers (QIBs)

    29 Jun 2016, 9.24 pm  |  Source: PTI

  • Auto industry leaders meet PMO officials over diesel ban

    Auto industry leaders meet PMO officials over diesel ban   

    Auto industry leaders today took up the issue of ban on big diesel cars and SUVs in Delhi-NCR with the PMO while seeking a solution on how to replace old polluting vehicles.

    29 Jun 2016, 8.24 pm  |  Source: PTI

  • Domestic consumption to rise by Rs 45K cr on govt pay hike

    Domestic consumption to rise by Rs 45K cr on govt pay hike  

    The government's decision to implement pay hike for its 1 crore employees and pensioners will boost domestic consumption by Rs 45,110 crore as also push up household savings, India Ratings and Research said today.

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • E-com firms to invest up to $8bn in infra, logistics: Study

    E-com firms to invest up to $8bn in infra, logistics: Study  

    E-commerce companies are expected to invest about USD 6-8 billion in logistics, infrastructure and warehousing in the next few years on the back of growing popularity of online shopping in India, says a study.

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • Blacklisting of firms not to hinder procurement: Parrikar

    Blacklisting of firms not to hinder procurement: Parrikar  

    Defence firms that have committed corruption-related offences will face action under a proposed blacklisting policy but the government will not hesitate to buy a product from another company even if any equipment or software m...

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension

    Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension  

    The Labour Ministry has amended the Employees' Pension Scheme 1995 to provide the entitlement of minimum monthly pension of Rs 1,000 in perpetuity to its over 50 lakh pensioners

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • Govt pay hike may impact fiscal deficit target for FY18: SBI

    Govt pay hike may impact fiscal deficit target for FY18: SBI  

    Government's decision to clear 7th Pay Commission recommendations will give a boost to the economy, but it may impact fiscal deficit target for fiscal 2017-18, says an SBI research report

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • GST:Flipkart concerned over clause on tax collection at source

    GST:Flipkart concerned over clause on tax collection at source   

    E-commerce major Flipkart on June 29 expressed concern over a clause relating to tax collection at source in the Goods and Service Tax (GST) Bill

    29 Jun 2016, 7.24 pm  |  Source: PTI

  • ICIJ, HSBC lists: I-T dept detects Rs 13,000 cr black money

    ICIJ, HSBC lists: I-T dept detects Rs 13,000 cr black money  

    The Income Tax department has claimed to have detected over Rs 13,000 crore black money after its investigations on global leaks about Indians holding stash funds abroad and launched prosecution against over 200 entities

    29 Jun 2016, 6.32 pm  |  Source: PTI

  • Axis Bank opens innovation lab; to create investment fund

    Axis Bank opens innovation lab; to create investment fund  

    Private sector lender Axis Bank launched an innovation lab to hone startups and announced that it will create a dedicated fund to invest in these new-age companies that would benefit its business

    29 Jun 2016, 6.32 pm  |  Source: PTI

  • Royal Enfield to sell gears, accessories on Flipkart

    Royal Enfield to sell gears, accessories on Flipkart  

    Niche bike maker Royal Enfield has joined hands with e-commerce major Flipkart to sell its branded gears and accessories

    29 Jun 2016, 6.00 pm  |  Source: PTI

  • Essar Oil makes $500 mn payment to Iran via new channel

    Essar Oil makes $500 mn payment to Iran via new channel  

    Essar Oil has paid USD 500 million to Iran via a new payment channel opened recently to clear one-fifth of its outstanding amount

    29 Jun 2016, 5.00 pm  |  Source: PTI

  • Model Shop Act a progressive step, will boost revenue: Westlife

    Model Shop Act a progressive step, will boost revenue: Westlife   

    In an interview with CNBC-TV18, Amit Jatia said that 24x7 stores have worked well for McDonald’s globally and the same can be expected in India after the implementation of the Model Shop Act.

    29 Jun 2016, 4.36 pm  |  Source: CNBC-TV18

  • Amul to invest Rs 3,000 cr over four years on expansion

    Amul to invest Rs 3,000 cr over four years on expansion  

    Dairy major GCMMF, which markets milk and dairy products under Amul brand, will invest Rs 3,000 crore over the next four years on its expansion plans

    29 Jun 2016, 4.04 pm  |  Source: PTI

  • Amul to sponsor Indian contingent for Rio Olympics

    Amul to sponsor Indian contingent for Rio Olympics  

    The Gujarat Cooperative Milk Marketing Federation (GCMMF), which sells its product under the brand Amul, will pay Rs 1 crore to the Indian Olympic Association (IOA) for the sponsorship.

    29 Jun 2016, 3.56 pm  |  Source: PTI

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