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  • Flipkart, Ola seek govt support to counter foreign rivals

    Flipkart, Ola seek govt support to counter foreign rivals  

    Founder of Flipkart, Sachin Bansal has urged the government to allow foreign capital into the country but restrict global rivals from setting up their own brands here.

    08 Dec 2016, 9.04 am  |  Source: Moneycontrol.com

  • Aditya Birla Health Insurance eyes 10% market share in 5 years

    Aditya Birla Health Insurance eyes 10% market share in 5 years  

    "As a new entrant in a cluttered market, we will be happy if we are able to garner eight to 10 percent market share over the next four to five years," CEO of Aditya Birla Health Insurance Mayank Bathwal said.

    08 Dec 2016, 9.00 am  |  Source: PTI

  • Royal Enfield opens first exclusive brand store in Australia

    Royal Enfield opens first exclusive brand store in Australia  

    The company, which aims to be a leading player globally in mid-sized motorcycle segment (250-750cc), currently has 25 dealerships across the country.

    08 Dec 2016, 9.00 am  |  Source: PTI

  • CCI rejects complaint against Kalptaru Buildtech Corporation

    CCI rejects complaint against Kalptaru Buildtech Corporation  

    The complaint filed collectively by 22 individuals had alleged that the company was misleading the public by collecting money from them by issuing policy/bonds with a promise to pay them the amount on maturity with agreed returns ...

    08 Dec 2016, 8.58 am  |  Source: PTI

  • FreeCharge ties up with IFC to promote women entrepreneurship

    FreeCharge ties up with IFC to promote women entrepreneurship  

    The partnership will support startups and early-stage women entrepreneurs to join the e-commerce platform for the first time, a statement from Freecharge said.

    08 Dec 2016, 8.58 am  |  Source: PTI

  • Can Uber win in India after China loss

    Can Uber win in India after China loss  

    "Uber will be desperate after the China sale. Globally they are losing big… [but in India] the opportunity is immense for Uber to expand," Neil Shah, director at Counterpoint Technology Market Research, said.

    08 Dec 2016, 8.51 am  |  Source: CNBC

  • IVRCL lenders mull stake sale in unit to Essel Infraprojects

    IVRCL lenders mull stake sale in unit to Essel Infraprojects  

    Creditors of debt-laden infrastructure developer IVRCL are likely in talks with Essel Infraprojects to sell a controlling stake in the company’s listed unit Hindustan Dorr-Oliver (HDO), an article in the Mint says.

    08 Dec 2016, 8.35 am  |  Source: Moneycontrol.com

  • Ratan Tata`s doesn`t speak the truth: Cyrus Mistry

    Ratan Tata's doesn't speak the truth: Cyrus Mistry  

    In a statement, Mistry's office also denied that his sacking was preceded by various attempts to discuss with him.

    08 Dec 2016, 7.52 am  |  Source: PTI

  • Tata Steel commits 10-year investment plan for UK

    Tata Steel commits 10-year investment plan for UK  

    The Indian steel giant offered a number of guarantees to its staff at Port Talbot steelworks in south Wales, the UK's largest steel plant, including a minimum five-year guarantee to keep both furnaces operational at the site.

    08 Dec 2016, 7.50 am  |  Source: PTI

  • Tata Steel agrees 10-year investment plan for UK

    Tata Steel agrees 10-year investment plan for UK   

    Indian giant Tata Steel today made a 10-year commitment to a one-billion-pound investment plan as part of its crucial talks with steelworkers' unions to save thousands of jobs in the UK.

    07 Dec 2016, 9.58 pm  |  Source: PTI

  • Nusli Wadia seeks Sebi intervention in battle with Tata: Sources

    Nusli Wadia seeks Sebi intervention in battle with Tata: Sources   

    Sources tell CNBC-TV18 that Nusli Wadia, who has been removed as independent director from three Tata group companies, seeks the market regulator Securities and Exchange Board of India (SEBI) in to intervene in this ongoing battle...

    07 Dec 2016, 9.52 pm  |  Source: CNBC-TV18

  • PSU banks write off Rs 1.54 lakh crore bad loans

    PSU banks write off Rs 1.54 lakh crore bad loans  

    Public sector banks (PSBs) have written off Rs 1.54 lakh crore of bad loans between April 2013 and June 2016, Parliament was informed today.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • Note ban hits microfinance firms` collections, disbursements

    Note ban hits microfinance firms' collections, disbursements  

    The demonetisation drive announced a month ago has significantly affected collections and disbursements of microfinance firms, an industry body said today.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • FPS to raise Rs 50cr to expand PayTonic services in 20 cities

    FPS to raise Rs 50cr to expand PayTonic services in 20 cities  

    PayTonic, unveiled in Mumbai, enables the lowest rung vendors to accept electronic payments even without a smartphone.

    07 Dec 2016, 9.52 pm  |  Source: PTI

  • Demonetisation: 2017 to see a change in Indian mindset, says Narayana Murthy

    Demonetisation: 2017 to see a change in Indian mindset, says Narayana Murthy   

    After demonetisation, 2017 will see a change in the Indian mindset. However, it will have to be seen whether Indians would still subscribe to the old ways of under the table transactions or whether they will follow PM Narendra Mod...

    07 Dec 2016, 9.07 pm  |  Source: CNBC-TV18

  • CERC allows Tata Power, Adani to pass through high cost

    CERC allows Tata Power, Adani to pass through high cost  

    Power regulator CERC has allowed Tata Power and Adani Power to pass through the losses suffered by them due to procuring high price coal from Indonesia to run their power plant.

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • ONGC inks pacts with Schlumberger, Halliburton for two fields

    ONGC inks pacts with Schlumberger, Halliburton for two fields  

    State-owned Oil and Natural Gas Corp (ONGC) today signed agreements to practically outsource production of oil and gas from its ageing fields in Gujarat and Assam to international service providers Schlumberger and Halliburton...

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • PM`s `Mann ki Baat` fetched AIR Rs 4.78 cr in 2015-16: Govt

    PM's 'Mann ki Baat' fetched AIR Rs 4.78 cr in 2015-16: Govt  

    Prime Minister Narendra Modi's radio address 'Mann ki Baat' is not just bringing lakhs of listeners to the All India Radio, but also getting much needed mega bucks for the public broadcaster.

    07 Dec 2016, 8.54 pm  |  Source: PTI

  • Vodafone halves 4G mobile broadband price

    Vodafone halves 4G mobile broadband price  

    Following Reliance Jio's extension of free services till March, telecom operator Vodafone today started offering double 4G data usage under existing schemes priced above Rs 255, thereby reducing prices by 50 per cent.

    07 Dec 2016, 8.50 pm  |  Source: PTI

  • Maruti unlikely to see demand slowdown in 2017: RC Bhargava

    Maruti unlikely to see demand slowdown in 2017: RC Bhargava   

    Terming the dip in footfalls and new bookings on account of demonetisation as a “temporay blip”, Chairman RC Bhargava said latest reports from its dealerships indicate a reversal in the trend. He added that the company is unli...

    07 Dec 2016, 8.48 pm  |  Source: CNBC-TV18

  • Mistry removed as Tata Sons lost confidence in him: Ratan Tata

    Mistry removed as Tata Sons lost confidence in him: Ratan Tata   

    Ahead of EGMs of six Tata group firms called to remove Cyrus Mistry as director, Tata Sons interim Chairman Ratan Tata today told shareholders that the continued presence of the ousted executive in respective boards is a serio...

    07 Dec 2016, 8.22 pm  |  Source: PTI

  • Divi`s Lab gets 5 observations from USFDA for Vizag plant

    Divi's Lab gets 5 observations from USFDA for Vizag plant  

    Drug firm Divi's Laboratories today said US health regulator has made five observations after inspection of its manufacturing plant at Visakhapatnam in Andhra Pradesh.

    07 Dec 2016, 7.18 pm  |  Source: PTI

  • 79 demand notices issued to drug cos for overcharging: Govt

    79 demand notices issued to drug cos for overcharging: Govt  

    National drug price regulator NPPA has issued 79 demand notices to pharmaceutical companies for overcharging for non-scheduled medicines, Parliament was informed today.

    07 Dec 2016, 7.18 pm  |  Source: PTI

  • Govt mulls compulsory licensing for `other tobacco products`

    Govt mulls compulsory licensing for 'other tobacco products'  

    With a view to address public health issues, government is considering to bring manufacture of 'other tobacco products' like khaini, tobacco blended pan masala, hookah or gooduku tobacco, zarda and bidis under the ambit of com...

    07 Dec 2016, 7.18 pm  |  Source: PTI

  • Rs 2,335 cr penalty on telcos for violating KYC norms

    Rs 2,335 cr penalty on telcos for violating KYC norms  

    Over 5 per cent of 7.84 crore Customer Acquisition Forms were found non-compliant during verification process as on September 2016, and a penalty of Rs 2,335.9 crore was imposed on erring telecom operators for violating verifi...

    07 Dec 2016, 7.18 pm  |  Source: PTI

  • Pvt airlines owe AAI Rs 457 cr in dues as on Sep 30: Govt

    Pvt airlines owe AAI Rs 457 cr in dues as on Sep 30: Govt  

    Seven private airlines, including the now-defunct Kingfisher Airlines, owe the national airports operator AAI Rs 457.89 crore on account of airport charges as on September 30 this year, government said today.

    07 Dec 2016, 7.12 pm  |  Source: PTI

  • India Inc disappointed as RBI keeps rates unchanged

    India Inc disappointed as RBI keeps rates unchanged  

    With RBI belying expectations of a rate cut, India Inc today expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation...

    07 Dec 2016, 6.10 pm  |  Source: PTI

  • Adani Transmission to buy RInfra`s western assets for Rs 1,000cr

    Adani Transmission to buy RInfra's western assets for Rs 1,000cr  

    Adani Transmission has entered into a definitive share-purchase pact with Reliance Infrastructure for acquiring power transmission assets of 3,100 circuit km at an enterprise value of Rs 1,000 crore.

    07 Dec 2016, 6.10 pm  |  Source: PTI

  • CRR reversal `welcome step` for liquidity: Ashvin Parekh

    CRR reversal 'welcome step' for liquidity: Ashvin Parekh  

    Major factor contributing to the stable monetary policy rate could be impending concerns about inflation and, perhaps in the backdrop increase in the US Fed rates.

    07 Dec 2016, 6.09 pm  |  Source: Moneycontrol.com

  • Status quo on rates disappointing, says Arundhati Bhattacharya

    Status quo on rates disappointing, says Arundhati Bhattacharya   

    State Bank of India chief Arundhati Bhattacharya said RBI Governor Urjit Patel-led Monetary Policy Committee’s status quo on rates was disappointing as the market was expecting a 25 basis point cut. Oil prices and a likely rate ...

    07 Dec 2016, 4.41 pm  |  Source: CNBC-TV18

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