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  • Don`t see cement price fall or earnings hit post CCI order: Pros

    Don't see cement price fall or earnings hit post CCI order: Pros  

    The Competition Commission of India (CCI) on Wednesday imposed Rs 6,700 crore penalty on 11 cement companies and their lobby group Cement Manufacturers Association (CMA) for alleged cartelization and price collusion.

    01 Sep 2016, 9.31 am  |  Source: CNBC-TV18

  • KEC International wins contracts worth Rs 1,224 cr

    KEC International wins contracts worth Rs 1,224 cr  

    "KEC International Ltd (KEC)..., an RPG Group company has secured new orders of Rs 1,224 crore," the company said in a statement.

    01 Sep 2016, 8.42 am  |  Source: PTI

  • SAIL to raise up to Rs 5,000 cr for modernisation programmes

    SAIL to raise up to Rs 5,000 cr for modernisation programmes  

    SAIL will approach shareholders to allow its Board to make offer "to raise funds through private placement of Secured Non-convertible Debentures/Bonds of up to Rs 5,000 crore, during a period of one year from the date of this AGM....

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Sameer Gaur quits as Jaypee Infratech Joint MD

    Sameer Gaur quits as Jaypee Infratech Joint MD  

    "The Board of Directors has accepted the resignation submitted by Sameer Gaur, due to some personal unavoidable circumstances, from the office of Whole-time Director/Joint Managing Director of the company," Jaypee Infratech said i...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • CPPIB gets RBI nod for raising stake in Kotak Bank

    CPPIB gets RBI nod for raising stake in Kotak Bank  

    "The Reserve Bank of India has informed that it has granted approval to CPPIB for acquiring shares in excess of 5 percent and below 10 percent of the paid up capital of the bank," Kotak Mahindra Bank said in a regulatory filing to...

    01 Sep 2016, 8.30 am  |  Source: PTI

  • Ambani may give update on 4G services at RIL AGM today

    Ambani may give update on 4G services at RIL AGM today   

    Reliance Industries chief Mukesh Ambani is likely to give an update tomorrow on Jio's 4G launch and signal culmination of the USD 42-billion capex cycle it had earmarked for its other businesses three years ago.

    01 Sep 2016, 8.00 am  |  Source: PTI

  • Uber partners with Telangana for `Own Your Car` scheme

    Uber partners with Telangana for 'Own Your Car' scheme  

    The US-based company, which connects drivers and riders, today announced its association with Backward Classes Welfare Corporation and Tribal Welfare Corporation in this regard.

    01 Sep 2016, 7.52 am  |  Source: PTI

  • New Indian Overseas Bank CEO to be named by Friday: Vinod Rai

    New Indian Overseas Bank CEO to be named by Friday: Vinod Rai  

    "The selection of the new CEO & MD of IOB was made long time back and there was a particular issue on which it got held up and now that has been clarified.

    01 Sep 2016, 7.52 am  |  Source: PTI

  • How Paytm is an investor`s darling

    How Paytm is an investor's darling   

    Paytm has raised USD 60 million from a fund owned by Chinese chip-set maker Mediatek as part of its yet-to-conclude USD 300-million fundraising round -- and that pegs Paytm's valuation at USD 4.8 billion.

    31 Aug 2016, 9.58 pm  |  Source: CNBC-TV18

  • Rajesh Exports gets Rs 1,172-cr job order from Singapore

    Rajesh Exports gets Rs 1,172-cr job order from Singapore  

    Rajesh Exports has bagged an export order of Rs 1,172 crore of designer range of gold and diamond-studded jewelry and medallions from Singapore.

    31 Aug 2016, 9.54 pm  |  Source: PTI

  • CCI slaps over Rs 6,700 crore fine on 11 cement cos

    CCI slaps over Rs 6,700 crore fine on 11 cement cos   

    Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.

    31 Aug 2016, 8.28 pm  |  Source: PTI

  • Hero MotoCorp to launch 15 new products in FY17

    Hero MotoCorp to launch 15 new products in FY17  

    Commenting on new manufacturing units, Munjal said that its upcoming plant in Gujarat will become operational in the third quarter of this fiscal.

    31 Aug 2016, 8.14 pm  |  Source: PTI

  • DIPP for reconsideration of stainless steel QC order: PPMAI

    DIPP for reconsideration of stainless steel QC order: PPMAI  

    Process Plant and Machinery Association of India (PPMAI) said DIPP, under the Commerce Ministry, has also urged for granting more time before implementing the QC order.

    31 Aug 2016, 8.10 pm  |  Source: PTI

  • Airtel deploys 4G Advanced tech in Mumbai to rev up data speed

    Airtel deploys 4G Advanced tech in Mumbai to rev up data speed  

    The technology will allow customers with 4G Advanced mobile devices to enjoy data speeds of up to 135 mbps, a company release said.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Andhra Bank launches UPI app for Android smartphones

    Andhra Bank launches UPI app for Android smartphones  

    Andhra Bank One-UPI App aims at creating less cash and more digital-driven society, the Goverment-run lender said in a statement here.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Uniply acquires Vector Projects for Rs 64 crore

    Uniply acquires Vector Projects for Rs 64 crore  

    Uniply Industries Ltd, a leading plywood and laminate manufacturer, today announced the acquisition of 100 per cent equity in Vector Projects for a consideration of Rs 64.12 crore in a cash and share deal.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • Govt suggests auto industry to widen vehicle portfolio

    Govt suggests auto industry to widen vehicle portfolio  

    Government today suggested the auto industry to widen its portfolio into various other specialised sectors such as in mining and infrastructure.

    31 Aug 2016, 8.02 pm  |  Source: PTI

  • ICICI Venture, Apis Partners buy minority stake in Star Health

    ICICI Venture, Apis Partners buy minority stake in Star Health  

    A minority stake in Star Health has been acquired by Apis Growth Fund I, a private equity fund managed by Apis Partners LLP and India Advantage Fund Series 4, a private equity fund managed by ICICI Venture, in a deal syndicated by...

    31 Aug 2016, 7.32 pm  |  Source: PTI

  • Century prepones Punjab plant launch; close Nesta stores

    Century prepones Punjab plant launch; close Nesta stores  

    Century Plyboards today said it has decided to prepone commencement of Rs 390-crore medium density fibreboard (MDF) plant at Hoshiarpur in Punjab to March next year after a request from the state government.

    31 Aug 2016, 7.30 pm  |  Source: PTI

  • IT, telecom cos investing in tackling fraud, bribery

    IT, telecom cos investing in tackling fraud, bribery  

    Large Indian IT and telecom companies, as well as retail, e-commerce and private equity firms are now investing in ways to tackle fraud, bribery and corruption and create more awareness about such issues, an EY official said.

    31 Aug 2016, 7.20 pm  |  Source: PTI

  • Mountain Capital to invest in Paytm

    Mountain Capital to invest in Paytm  

    The proceeds of the investment will be used for expansion and scaling up, boosting payments and commerce and building and launching the proposed Paytm Payments Bank, Paytm said in a statement, without disclosing the amount of fina...

    31 Aug 2016, 6.30 pm  |  Source: PTI

  • Pharmaceutical industry growth to remain moderate, says Icra

    Pharmaceutical industry growth to remain moderate, says Icra  

    Growth of the domestic pharmaceutical industry is likely to remain moderate due to factors like slowdown in the US market, increased competition and generic adoption reaching saturation levels, rating agency ICRA said today.

    31 Aug 2016, 6.30 pm  |  Source: PTI

  • US must commit not to discriminate against Indian cos: Nasscom

    US must commit not to discriminate against Indian cos: Nasscom  

    "The US should revisit the issue of hike in visa fee, and find appropriate alternatives to fund their (social) objectives. Also, there should be clear commitment against such discriminatory steps in future," R Chandrashekhar, Pres...

    31 Aug 2016, 6.04 pm  |  Source: PTI

  • Will study SC judgement in detail: Tata Motors

    Will study SC judgement in detail: Tata Motors  

    "This case in which the judgement was delivered today related to the acquisition of land by the state government (read West Bengal government) before it was leased to Tata Motors," the company said in a statement.

    31 Aug 2016, 6.04 pm  |  Source: PTI

  • Shah panel submits report on compensation from RIL to ONGC

    Shah panel submits report on compensation from RIL to ONGC  

    The one-man Committee headed by Ajit Prakash Shah, former Chief Justice of Delhi High Court, submitted to Oil Minister Dharmendra Pradhan a report containing not just the compensation to be paid for ONGC's gas migrating to adjacen...

    31 Aug 2016, 4.48 pm  |  Source: PTI

  • TVS Srichakra, Sastra University sign MoU

    TVS Srichakra, Sastra University sign MoU  

    "TVS Srichakra Ltd and Sastra University have signed a MoU that aims to enhance the employability level of the unemployed engineering graduates living in Tier II and III cities in Tamil Nadu through a Finishing School Certificate ...

    31 Aug 2016, 4.26 pm  |  Source: PTI

  • Lowest price bidders will always build shabby roads: Parekh

    Lowest price bidders will always build shabby roads: Parekh  

    Citing the example of Mumbai, he said, the authorities have blacklisted five contractors who will not participate after monsoon because their quality has been poor.

    31 Aug 2016, 4.26 pm  |  Source: PTI

  • Thyssenkrupp steel workers protest merger plans

    Thyssenkrupp steel workers protest merger plans  

    Carrying banners saying "Stop steel exit" and "Steel is the future" in a rally organised by powerful labour union IG Metall, they marched to the headquarters of Thyssenkrupp Steel Europe in the industrial city of Duisburg, where t...

    31 Aug 2016, 4.12 pm  |  Source: Reuters

  • Reliance MF begins merger with Goldman MF schemes

    Reliance MF begins merger with Goldman MF schemes  

    Reliance Capital Asset Management, in October 2015, announced takeover of global giant Goldman Sachs' mutual fund business in India for Rs 243 crore in an all-cash deal.

    31 Aug 2016, 3.48 pm  |  Source: PTI

  • Honda eyes 20% sales growth during festive season

    Honda eyes 20% sales growth during festive season  

    "Earlier, we were little conservative with the outlook but now we expect sales growth of over 20 percent in the festive season," HMSI Senior President, Sales and Marketing, Y S Guleria told reporters here.

    31 Aug 2016, 3.48 pm  |  Source: PTI

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