The company said the ramping up of its specialty portfolio would initially focus on acquisitions, as developing a product would take around three years.
27 Feb 2017, 6.32 pm | Source: Moneycontrol.com
Earlier this month, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.
27 Feb 2017, 5.57 pm | Source: Moneycontrol.com
The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.
27 Feb 2017, 5.23 pm | Source: Moneycontrol.com
Edelweiss Financial Services, a diversified financial services conglomerate, is in the process of selling its entire commodities business as it intends to make a fresh bid at getting a banking licence.
27 Feb 2017, 5.14 pm | Source: Moneycontrol.com
V K Sharma, chairman, LIC said that they are a contrarian player in the markets. He added that equity usually forms 12 percent of their total investable assets.
27 Feb 2017, 4.48 pm | Source: Moneycontrol.com
Jaitley, in his Budget speech, had spoken of creating ‘oil majors’ which would be able to match the performance of international and domestic private sector oil and gas companies.
27 Feb 2017, 4.40 pm | Source: Moneycontrol.com
The new more environment friendly fuel will be brought out earlier, as it takes several months to completely phase out the existing fuel which has high sulphur content.
27 Feb 2017, 4.28 pm | Source: Moneycontrol.com
From April 1, Airtel will offer free incoming calls and SMSes while roaming across India, and there will be no extra charges on on outgoing calls and data while outstation.
27 Feb 2017, 4.26 pm | Source: Moneycontrol.com
Under the tie-up the bank will distribute customised Apollo Munich Health insurance and personal accident policies to the bank's 20 million customers nationwide, a release issued here said.
27 Feb 2017, 4.12 pm | Source: PTI
Viral Acharya, the new deputy governor of the Reserve Bank of India (RBI) suggested last week that loans restructured by banks be rated by at least two rating agencies. The idea is certainly worth a try. (Actually any idea is wort...
27 Feb 2017, 4.09 pm | Source: Moneycontrol.com
On February 28, cheque clearances and cash transactions will be crippled while ATMs are likely to be exhausted of cash after the morning hours as over nine lakh bank officers and staff are set to observe one day strike on a call b...
27 Feb 2017, 4.06 pm | Source: Moneycontrol.com
The second batch of phase-3 auction was held between October 26 to December 14 last year.
27 Feb 2017, 4.04 pm | Source: PTI
India's largest mobile phone service provider also said international call rates will be cut by up to 90 percent to as low as Rs 3 per minute and data charges by up to 99 percent to Rs 3 per MB across popular roaming destinations.
27 Feb 2017, 3.52 pm | Source: PTI
MOIL reported a stellar third quarter numbers with a seven-fold jump in its standalone net profit to Rs 105.40 crore. Revenue for the quarter rose 29.2 percent to Rs 275 crore.
27 Feb 2017, 3.47 pm | Source: CNBC-TV18
ONGC may buy all of the government's 51.11 percent stake in Hindustan Petroleum Corporation Ltd (HPCL) and follow it up with an open offer to acquire additional 26 percent from other shareholders of HPCL. The deal for the 77.11 p...
27 Feb 2017, 3.30 pm | Source: PTI
"We are the only company having a presence from manufacturing to retail outlet. So that makes our presence unique in the entire marketing chain. That is the logic behind this acquisition of liquor shops", Arup Thakur, CFO of Pinco...
27 Feb 2017, 3.26 pm | Source: CNBC-TV18
Speaking from the sidelines of the India Pharmaceutical Forum 2017, Lupin's Managing Director Nilesh Gupta shared his outlook on Indian industry and API inspections.
27 Feb 2017, 3.23 pm | Source: CNBC-TV18
The decision was taken by the Management Committee of the board of directors at a meeting held today, the company said in a regulatory filing.
27 Feb 2017, 3.20 pm | Source: PTI
The company recently concluded the construction of a 1320-MW thermal power plant in Andhra Pradesh and its overall power portfolio now aggregates 2,640 MW.
27 Feb 2017, 3.19 pm | Source: CNBC-TV18
Oseltamivir Phosphate capsules also market by Roche under brand name Tamiflu is anti-viral pill used in the prevention and treatment of influenza virus infection. The estimated sales for Oseltamivir Phosphate capsules is $38...
27 Feb 2017, 3.17 pm | Source: Moneycontrol.com
The fares have come down from the existing government approved rates of Rs 23 per km for day time and Rs 28.75 per km during night time rides.
27 Feb 2017, 3.12 pm | Source: PTI
IndusInd Bank is not the only one interested in striking a deal with Bharat Financial. The newly-listed RBL Bank is also said to be interested in exploring a merger with Bharat Financial, sources with direct knowledge of the devel...
27 Feb 2017, 3.11 pm | Source: CNBC-TV18
Mannapuram Finance has picked Nucleus Software's Finone Neo Solution, which is a loan life cycle management product. Nucleus is a provider of lending and transactions banking solutions.
27 Feb 2017, 3.04 pm | Source: CNBC-TV18
Chabra takes over from Vijay Kannan, who will be pursuing career opportunities outside of Blueair. He joins Blueair from HP India Sales Pvt Ltd, where he was functioning as National Sales Manager- Supplies Business.
27 Feb 2017, 3.04 pm | Source: PTI
Battle between the players within the telecom industry is getting tough and now it is a matter of survival of the fittest for the telcos. According to sources, Bharti Airtel, Vodafone and Idea Cellular have presented their rebutta...
27 Feb 2017, 3.00 pm | Source: CNBC-TV18
Currently, foreign companies can only invest only up to 51 percent in multi-brand retail, while there is no cap on single-brand retail.
27 Feb 2017, 3.00 pm | Source: Moneycontrol.com
S&P Global Ratings' rating on Bharti Airtel (BBB-/stable/--) is unaffected by the company's plans to acquire the India operations of Telenor ASA, it said in a statement.
27 Feb 2017, 2.30 pm | Source: PTI
Total chunk of problematic loans in the Indian banking sector, at this stage, is around Rs 20 lakh crore, much higher than what is reported by banks and estimated by the central bank and government, said K C Chakrabarty, former de...
27 Feb 2017, 2.28 pm | Source: Firstpost.com
The special resolution is to approve the conversion of loan into equity through allotment of equity shares of the face value of 10 to Yes Bank Ltd.
27 Feb 2017, 2.24 pm | Source: PTI
Astellas submitted a new drug application (NDA) with the Ministry of Health, Labour and Welfare in Japan for extended-release tablets of quetiapine fumarate for the indication of improvement of depressive symptoms associated with ...
27 Feb 2017, 2.23 pm | Source: Moneycontrol.com