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Budget 2017

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Business News

  • Fairfax may sell 25% of India`s ICICI Lombard in $1bn deal: Srcs

    Fairfax may sell 25% of India's ICICI Lombard in $1bn deal: Srcs  

    Fairfax Financial Holdings is in early talks to sell 25 percent of India's largest private general insurer ICICI Lombard in a deal that could fetch up to USD1 billion, as the Canadian firm looks to cash out and start a new insuran...

    20 Jan 2017, 5.24 pm  |  Source: Reuters

  • `Go Forward` vertical has seen strong traction, says NIIT

    'Go Forward' vertical has seen strong traction, says NIIT   

    In an interview to CNBC-TV18, Vijay Thadani, VC & MD of NIIT spoke about the results and his outlook for the company.

    20 Jan 2017, 5.20 pm  |  Source: CNBC-TV18

  • PVR launches theatre on demand service Vkaao, eyes 100 screens

    PVR launches theatre on demand service Vkaao, eyes 100 screens  

    Multiplex chain operator PVR today launched theatre on demand service 'Vkaao' and plans to add 100 screens by end of next fiscal across the country.

    20 Jan 2017, 5.04 pm  |  Source: PTI

  • See demand uptick after initial cash ban shocker: Jyothy Labs

    See demand uptick after initial cash ban shocker: Jyothy Labs   

    In an interview with CNBC-TV18, K Ullas Kamath, Joint MD and CFO of the company said that due to demonetisation sales in November saw a decline of 19 percent but it grew 14 percent in December and a similar trend is being seen fo...

    20 Jan 2017, 4.48 pm  |  Source: Moneycontrol.com

  • Kotak Bk, Canada Pension set to close $525 mn Special Fund: Srcs

    Kotak Bk, Canada Pension set to close $525 mn Special Fund: Srcs   

    Kotak Mahindra Bank and Canadian pension fund CPPIB may be heading for a separation on the USD 525 million Special Situations Credit Fund, says sources.

    20 Jan 2017, 4.39 pm  |  Source: CNBC-TV18

  • Gallantt Ispat posts stable Q3, net revenue at Rs 114 crore

    Gallantt Ispat posts stable Q3, net revenue at Rs 114 crore   

    In an interview to CNBC-TV18, Mayank Agrawal, CEO of Gallantt Ispat spoke about the results and his outlook for the company.

    20 Jan 2017, 4.21 pm  |  Source: CNBC-TV18

  • Cadila Healthcare to buy 8 brands from AstraZeneca India: Srcs

    Cadila Healthcare to buy 8 brands from AstraZeneca India: Srcs   

    AstraZeneca's products are used for treatment of cough, pain and in neurology. The brands included in the deal are Bricarex, Bricarex-A, Bricanyl, Xylocard, Ceriviprime, Prostodin, Partocin and Primiprost.

    20 Jan 2017, 4.03 pm  |  Source: CNBC-TV18

  • Circulation growth strong, see no more cover price hike: DB Corp

    Circulation growth strong, see no more cover price hike: DB Corp   

    Speaking to CNBC-TV18, its Director Girish Agarwaal, said 9MFY17 consolidated advertising revenue grew 9 percent YoY.

    20 Jan 2017, 4.01 pm  |  Source: CNBC-TV18

  • Idea best fit for Voda, subscriber base may reach 380 mn: CLSA

    Idea best fit for Voda, subscriber base may reach 380 mn: CLSA   

    A recent CLSA report says that Idea Cellular is the best fit for Vodafone India and it may topple Airtel from its top position.

    20 Jan 2017, 4.00 pm  |  Source: CNBC-TV18

  • Pricing in check, volume worry may stay for few qtrs: Mindtree

    Pricing in check, volume worry may stay for few qtrs: Mindtree   

    JC Narasimhan, CFO, Mindtree said the challenges on the pricing front have reduced and the company expects stable pricing in the next few quarters. He, however, admitted to having challenges on volume front with some of the custom...

    20 Jan 2017, 3.27 pm  |  Source: CNBC-TV18

  • Sanjiv Goenka Group, Bharti commit Rs 14,000 cr for Bengal

    Sanjiv Goenka Group, Bharti commit Rs 14,000 cr for Bengal  

    Bharti Enterprises Vice-Chairman Rakesh Bharti Mittal said the Bharti Group has pumped in about Rs 30,000 crore in the state so far.

    20 Jan 2017, 3.16 pm  |  Source: PTI

  • Patanjali may source agri produce from Telangana: Kavitha

    Patanjali may source agri produce from Telangana: Kavitha  

    The Nizamabad MP said Patanjali has sought a list of crops that Telangana produces, adding that preliminary details have been given to it.

    20 Jan 2017, 2.36 pm  |  Source: PTI

  • Fitch may withdraw ratings of Dewan Housing within a month

    Fitch may withdraw ratings of Dewan Housing within a month  

    "Fitch Ratings plans to withdraw the ratings on Dewan Housing Finance Corporation Ltd on or about, February 22, 2017, which is approximately 30 days from date of this Non Rating Action Committee (NRAC), for commercial reasons," Fi...

    20 Jan 2017, 2.00 pm  |  Source: PTI

  • Budget 2017: Need better handling of SMEs by banks, says Sitharaman

    Budget 2017: Need better handling of SMEs by banks, says Sitharaman   

    Nirmala Sitharaman's Budget recommendation is for better handling of SME through the banking institutions and also to provide them better tendering opportunities.

    20 Jan 2017, 12.15 pm  |  Source: CNBC-TV18

  • Enterprise value of deal with IL&FS to be near Rs 7k cr: Orient

    Enterprise value of deal with IL&FS to be near Rs 7k cr: Orient   

    Speaking to CNBC-TV18, S Venkatachalam, MD of Orient Green said the combined entity will create one of India's largest listed wind energy company.

    20 Jan 2017, 12.12 pm  |  Source: CNBC-TV18

  • Better bikes, not Budget sops key to leadership: Rajiv Bajaj

    Better bikes, not Budget sops key to leadership: Rajiv Bajaj  

    The 50-year-old Managing Director of Bajaj Auto says he doesn't read too much into budgetary provisions and focuses on building better motorcycles instead. This, he says, will help the company outperform its peers.

    20 Jan 2017, 11.58 am  |  Source: Moneycontrol.com

  • 5 PSU insurers’ IPOs: Ways to attract investors

    5 PSU insurers’ IPOs: Ways to attract investors  

    The government and the company managements should ensure proper sequencing of the IPOs. Bunching of the offers within a short time frame might dilute investor appetite, especially for those offerings that bring up the rear. Also ...

    20 Jan 2017, 11.47 am  |  Source: Moneycontrol.com

  • PKC buy to be debt free, will be EPS-accretive: Motherson Chief

    PKC buy to be debt free, will be EPS-accretive: Motherson Chief   

    The purchase of PKC Group for USD 609 million will be debt free and 380 million euros from QIP will be used for the acquisition. Also, no debt will be raised, said Motherson Chairman Vivek Chaand Sehgal.

    20 Jan 2017, 11.36 am  |  Source: CNBC-TV18

  • L&T Hydrocarbon bags orders worth Rs 1,700 crore

    L&T Hydrocarbon bags orders worth Rs 1,700 crore  

    Infrastructure heavyweight Larsen & Toubro (L&T) today said its subsidiary L&T Hydrocarbon has bagged orders worth Rs 1,700 crore in its construction services vertical.

    20 Jan 2017, 11.24 am  |  Source: PTI

  • Industry to continue growing in mid-teens: Max Life

    Industry to continue growing in mid-teens: Max Life   

    Listing is a time-consuming process and not for all companies, only for those that have reached certain maturity and scale, says Rajesh Sud, Executive VC & MD, Max Life Insurance.

    20 Jan 2017, 11.17 am  |  Source: CNBC-TV18

  • Future Consumer forms JV with Tilda Hain India

    Future Consumer forms JV with Tilda Hain India  

    It further said: "The company and Hain India each shall hold 50 percent of the paid-up share capital of the JV company. Both shall have the right to nominate three directors each on the board of the JV company." Future Consumer is...

    20 Jan 2017, 11.12 am  |  Source: PTI

  • Ola expands `Play` to Prime users

    Ola expands 'Play' to Prime users  

    The Bengaluru-based company had launched Ola Play about two months ago, offering it to select users.

    20 Jan 2017, 11.12 am  |  Source: PTI

  • Mistry spat not only reason for loss in Tata group mcap: SES

    Mistry spat not only reason for loss in Tata group mcap: SES  

    Proxy governance firm Stakeholder Empowerment Services (SES) is of the opinion that the fall in market cap or investors loss in Tata Group companies is largely due to other factors rather than governance issues, which seem to have...

    20 Jan 2017, 10.50 am  |  Source: Moneycontrol.com

  • M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore

    M&M acquires Turkish farm equipment co Hisarlar for Rs 127 crore  

    The all-cash deal is expected to be completed in three months, M&M informed the bourses in a statement. M&M will acquire 1.42 billion shares of the Turkish company.

    20 Jan 2017, 10.39 am  |  Source: Moneycontrol.com

  • Adapting to automation a bigger hurdle than Trump: Tech Mahindra

    Adapting to automation a bigger hurdle than Trump: Tech Mahindra   

    Speaking to CNBC-TV18, Vineet Nayyar, Vice Chairman of Tech Mahindra, said the IT sector has become neutral to location and would adjust to the policies of the new US administration.

    20 Jan 2017, 10.08 am  |  Source: CNBC-TV18

  • Uttam Galva looks for debt resolution option

    Uttam Galva looks for debt resolution option  

    "Since the company is in financial stress, lenders and company are looking at various options for resolution of debt including initiating discussions with potential strategic partners/investors as per the directions of the lenders...

    20 Jan 2017, 9.38 am  |  Source: PTI

  • RInfra gets court approval for transfer of divisions to arm

    RInfra gets court approval for transfer of divisions to arm  

    "High Court of judicature at Bombay has allowed the Scheme of Arrangement between Reliance Infrastructure Ltd and Reliance Electric Generation and Supply Limited vide order dated January 19, 2017," the company said in a filing to ...

    20 Jan 2017, 9.38 am  |  Source: PTI

  • DIAL strikes deal worth over Rs 315 cr for developing land

    DIAL strikes deal worth over Rs 315 cr for developing land  

    Bharti Realty, the real estate arm of Bharti Group, has been given a contract to develop an area of nearly 2 lakh square metres of retail space near the airport here.

    20 Jan 2017, 9.36 am  |  Source: PTI

  • WNS Q3 revenue up 11% to $139.8 million

    WNS Q3 revenue up 11% to $139.8 million  

    "In the fiscal third quarter, we continued to deliver solid revenue growth, margins and cash flow, and to strategically invest for the future," Keshav Murugesh, WNS' Chief Executive Officer, said in a statement here.

    20 Jan 2017, 9.12 am  |  Source: PTI

  • OMCs ask govt for compensation for cashless discount burden

    OMCs ask govt for compensation for cashless discount burden  

    State-owned oil firms, that are bearing the discount cost of 0.75 percent for cashless payments announced by the government in the wake of demonetisation, may urge the government to compensate for their losses.

    20 Jan 2017, 8.31 am  |  Source: Moneycontrol.com

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