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Business News

  • JSW seeks shareholders` nod to raise Rs 12,500 cr in FY`17

    JSW seeks shareholders' nod to raise Rs 12,500 cr in FY'17  

    JSW Energy has sought shareholders approval to raise Rs 12,500 crore through issuance of securities, equity shares and other instruments, the company said on June 28

    28 Jun 2016, 7.44 pm  |  Source: PTI

  • Reconsider giving 12 Assam oilfields to pvt cos:Cong to Centre

    Reconsider giving 12 Assam oilfields to pvt cos:Cong to Centre  

    The Assam Congress asked Chief Minister Sarbananda Sonowal to appeal to the Centre to reconsider its decision to hand over marginal and small oilfields to private firms who may "exploit people and the region for their own interest...

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Motilal Oswal Financial to raise Rs 1,000 crore

    Motilal Oswal Financial to raise Rs 1,000 crore  

    Motilal Oswal Financial Services will seek shareholders' approval to raise the capital at its annual general meeting to be held on July 21.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • India PC shipments decline 7.4% in Q1: Gartner

    India PC shipments decline 7.4% in Q1: Gartner  

    PC shipments in India totalled nearly 2 million units in the first quarter of 2016, a 7.4 per cent decrease over the first quarter of 2015, it said.

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Corporate sector risks moderated in fiscal 2016: FSR

    Corporate sector risks moderated in fiscal 2016: FSR  

    "The proportion of 'leveraged' companies declined sharply from 19 per cent in March 2015 to 14 per cent in March 2016," Reserve Bank said in its Financial Stability Report (FSR), brought out on behalf of the Financial Stability an...

    28 Jun 2016, 7.20 pm  |  Source: PTI

  • Canara Bank to seek shareholders nod to raise Rs 2,000cr

    Canara Bank to seek shareholders nod to raise Rs 2,000cr  

    The bank seeks to raise the capital by allotting equity shares/preference shares/securities by way of follow on public issue, rights issue and/or on a private placement basis, Canara Bank said in a filing to BSE.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Trent plans to raise upto Rs 300 cr via NCDs

    Trent plans to raise upto Rs 300 cr via NCDs  

    It further said the Board of Directors has also approved the sub-division of equity shares of the company having a face value of Rs 10 per share into equity shares having a face value of Rs 1 each.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • NHPC to invest Rs 3,000 crore on solar, wind projects

    NHPC to invest Rs 3,000 crore on solar, wind projects  

    NHPC had in 2014 signed a pact with the Kerala government to develop wind projects in the state. Last year, the company had also approved setting up of a 50 MW wind project in Rajasthan.

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • 4 NBFCs surrender licenses; RBI cancels of two others

    4 NBFCs surrender licenses; RBI cancels of two others  

    RBI on June 28 said four non-banking financial companies have surrendered their registration certificates following which they would not transact any financial business

    28 Jun 2016, 6.08 pm  |  Source: PTI

  • Will need to wait and watch how Brexit unfolds: Kumar Birla

    Will need to wait and watch how Brexit unfolds: Kumar Birla  

    In an interview with CNBC-TV18, Kumar Mangalam Birla, Chairman of Aditya Birla Group, talked about the impact Brexit may have on the global economy and how he sees reforms that the NDA government has undertaken.

    28 Jun 2016, 5.12 pm  |  Source: CNBC-TV18

  • Rolls-Royce says `remains committed` to Britain

    Rolls-Royce says 'remains committed' to Britain  

    Engine maker Rolls-Royce said on June 28 it was still committed to Britain after the shock EU exit vote, but that the long-term impact would depend on future relations with the rest of the world

    28 Jun 2016, 5.02 pm  |  Source: PTI

  • OCL India to merge Dalmia Cement East with itself

    OCL India to merge Dalmia Cement East with itself  

    OCL India, a subsidiary of Dalmia Cement Bharat, has approached authorities to merge Dalmia Cement East with itself for consolidating operations in the eastern part of the country

    28 Jun 2016, 5.02 pm  |  Source: PTI

  • Has Ola become uber cool with more Indian offerings?

    Has Ola become uber cool with more Indian offerings?  

    While both Uber and Ola have been at each other's throats, the Indian cab aggregator's latest offerings show how it has thought more 'Indian' and customised its services.

    28 Jun 2016, 3.35 pm  |  Source: Moneycontrol.com

  • To begin production in Karnataka mine soon: Deccan Gold

    To begin production in Karnataka mine soon: Deccan Gold   

    The plan is to go into production in Ganajur by last quarter of 2017, or first quarter of 2018. By then all licenses and permits would be in place, said Sandeep Lakhwara, Managing Director, Deccan Gold Mines.

    28 Jun 2016, 3.30 pm  |  Source: CNBC-TV18

  • SBI to soon send detailed merger plan for govt approval

    SBI to soon send detailed merger plan for govt approval  

    With nine months to go to complete the merger process involving its associates, SBI is working on details of the amalgamation proposal, which will be submitted to the government soon for approval

    28 Jun 2016, 3.14 pm  |  Source: PTI

  • ITC to invest Rs 4,000 cr to set up to 9 plants

    ITC to invest Rs 4,000 cr to set up to 9 plants  

    FMCG major ITC will invest Rs 4,000 crore over the next 2-3 years to set up 8-9 factories across the country for manufacturing of food products.

    28 Jun 2016, 2.56 pm  |  Source: PTI

  • Impaired Rs 558cr in FY16, Nissan JVs uncertain: Ashok Leyland

    Impaired Rs 558cr in FY16, Nissan JVs uncertain: Ashok Leyland  

    Hinduja flagship firm Ashok Leyland "impaired" a total of Rs 558 crore in 2015-16 on its investment in partnerships, subsidiaries and associates, including three JVs with Nissan which it termed as having "significant uncertainty" ...

    28 Jun 2016, 2.56 pm  |  Source: PTI

  • EPFO set to hike proportion of ETF investments

    EPFO set to hike proportion of ETF investments  

    Retirement fund body EPFO will on July 7 take a decision on increasing investments in stock markets through ETFs, as they have started giving returns, Labour Minister Bandaru Dattatreya said on June 28

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • Bank of Maharashtra raises Rs 500 cr via bonds

    Bank of Maharashtra raises Rs 500 cr via bonds  

    "The Bank has raised Rs 500 crore by issue of Basel III compliant unsecured redeemable non-convertible Tier II bonds," it said in a BSE filing.

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • I-T dept to establish over 60 taxpayer centres across country

    I-T dept to establish over 60 taxpayer centres across country  

    The Income Tax department will establish over 60 facilitation centres - Aaykar Seva Kendras: this fiscal from Goalpara in Assam to Neemuch in MP as part of efforts to widen the taxpayer base and reach a maximum number of people wh...

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • RPG Life enters cosmetic segment, partners with Italian co

    RPG Life enters cosmetic segment, partners with Italian co  

    Drug firm RPG Life Sciences has forayed into the cosmetic segment by collaborating with an Italian cosmetic firm Labo Cosprophar and will launch two products for hair and skin care.

    28 Jun 2016, 2.26 pm  |  Source: PTI

  • Neotel deal to help cut debt; data biz to be in focus: Tata Comm

    Neotel deal to help cut debt; data biz to be in focus: Tata Comm   

    While Neotel’s debt will be reduced, the core debt of group will come down by USD 50 million post the deal, says Pratibha Advani, CFO of Tata Communications.

    28 Jun 2016, 1.48 pm  |  Source: CNBC-TV18

  • Confident of 25% organic growth for next 3 years: Take Solutions

    Confident of 25% organic growth for next 3 years: Take Solutions   

    Srinivasan HR, Vice Chairman & Managing Director of Take Solutions also isn't ruling out inorganic growth.

    28 Jun 2016, 1.37 pm  |  Source: CNBC-TV18

  • Pay revisions may add 10% to industry growth rate: Hitachi

    Pay revisions may add 10% to industry growth rate: Hitachi   

    Events like pay commission implementation which lead to higher disposable income level tend to add at least 10 percent to the industry's normal growth rate, says Hitachi Homes Executive Director Gurmeet Singh.

    28 Jun 2016, 12.34 pm  |  Source: CNBC-TV18

  • OnePlus Teams Up With Servify to Launch the `OnePlus Care`

    OnePlus Teams Up With Servify to Launch the 'OnePlus Care'  

    Anyone buying a new OnePlus 3 device in India from Amazon.in can register for this plan within 30 days of purchase by downloading the OnePlus Care app and registering the purchase details on the app.

    28 Jun 2016, 12.34 pm  |  Source: PTI

  • Indiabulls Housing Finance to raise Rs 625 crore

    Indiabulls Housing Finance to raise Rs 625 crore  

    "The company proposes to issue 6,250 secured non- convertible redeemable debentures with a face value of Rs 10 lakh each aggregating Rs 625 crore (plus greenshoe option) on a private placement basis," the company said in a BSE fil...

    28 Jun 2016, 12.00 pm  |  Source: PTI

  • Brexit to hit revenues, but Q1 is a safe period: Mastek

    Brexit to hit revenues, but Q1 is a safe period: Mastek   

    The impact of the currency will mainly be seen in the topline and not so much in the margins, assures Sudhakar Ram, MD & Group CEO, Mastek, adding that the company is comfortably hedged.

    28 Jun 2016, 11.32 am  |  Source: CNBC-TV18

  • Adi Godrej sees GST, pay revisions driving consumption

    Adi Godrej sees GST, pay revisions driving consumption   

    For his own company, he sees revenues growing by 5 percentage points with good monsoon and the GST.

    28 Jun 2016, 10.01 am  |  Source: CNBC-TV18

  • Liquid Telecom to buy Tata`s South African arm for Rs 2900 cr

    Liquid Telecom to buy Tata's South African arm for Rs 2900 cr  

    Liquid Telecom will acquire Neotel for Rs 2,900 crore. RBH, post the acquisition, will hold 30 percent stake in Neotel.

    28 Jun 2016, 8.42 am  |  Source: Moneycontrol.com

  • Bajaj Finserv in talks with JV partner on `various options`

    Bajaj Finserv in talks with JV partner on 'various options'  

    Bajaj Finserv is the financial services unit of Bajaj Holdings and Investments. It has 74 percent stake each in both the ventures.

    28 Jun 2016, 7.56 am  |  Source: PTI

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