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Business News

  • Cadila scouts for acquisitions, bets on US specialty biz

    Cadila scouts for acquisitions, bets on US specialty biz  

    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

  • Move to invest in equities over & beyond limit an exception: LIC

    Move to invest in equities over & beyond limit an exception: LIC  

    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

  • ONGC may have to shell out at least Rs 44,000 cr  for HPCL deal

    ONGC may have to shell out at least Rs 44,000 cr for HPCL deal  

    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

  • EXCLUSIVE: Edelweiss to bid afresh for bank licence, sell commodities unit

    EXCLUSIVE: Edelweiss to bid afresh for bank licence, sell commodities unit  

    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

  • LIC profits soar to Rs 16,000 cr in first 9 months of FY17

    LIC profits soar to Rs 16,000 cr in first 9 months of FY17  

    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

  • COMMENT: An ONGC-HPCL merger would give India heft in global M&A scene

    COMMENT: An ONGC-HPCL merger would give India heft in global M&A scene  

    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

  • Oil refiners may start selling BS VI fuel ahead of govt deadline

    Oil refiners may start selling BS VI fuel ahead of govt deadline  

    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

  • Reliance Jio Effect: Airtel kills domestic roaming

    Reliance Jio Effect: Airtel kills domestic roaming  

    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

  • Apollo Munich enters into bancassurance tie-up with Dena Bank

    Apollo Munich enters into bancassurance tie-up with Dena Bank  

    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

  • Acharya`s idea to have restructured NPAs rated is worth a try

    Acharya's idea to have restructured NPAs rated is worth a try  

    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

  • Bank strike tomorrow may have little impact on customers

    Bank strike tomorrow may have little impact on customers  

    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

  • Radio Mirchi gets FM licence for 21 new cities

    Radio Mirchi gets FM licence for 21 new cities  

    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

  • Airtel removes roaming charges on calls, data

    Airtel removes roaming charges on calls, data  

    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

  • Have capital investment plan of Rs 1500 crore by 2021: MOIL

    Have capital investment plan of Rs 1500 crore by 2021: MOIL  

    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 acquire HPCL in deal worth around $6.6 billion

    ONGC may acquire HPCL in deal worth around $6.6 billion  

    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

  • Pincon acquires `Five Numbers` retail liquor outlets in Kolkata

    Pincon acquires 'Five Numbers' retail liquor outlets in Kolkata   

    "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

  • Lupin`s growth in US to stay muted next year

    Lupin's growth in US to stay muted next year   

    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

  • Magma Fincorp to sell NPAs for Rs 600 crore

    Magma Fincorp to sell NPAs for Rs 600 crore  

    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

  • Gayatri Projects to conclude BOT assets` demerger by FY17 end

    Gayatri Projects to conclude BOT assets' demerger by FY17 end   

    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

  • Cadila arm gets nod for generic anti-viral, anti-bacterial drugs

    Cadila arm gets nod for generic anti-viral, anti-bacterial drugs  

    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

  • Meru slashes radio taxi fares to Rs 16/km in Delhi-NCR

    Meru slashes radio taxi fares to Rs 16/km in Delhi-NCR  

    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

  • After IndusInd Bank, RBL enters race for merger with Bharat Fin

    After IndusInd Bank, RBL enters race for merger with Bharat Fin   

    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

  • Nucleus Software looking for acquisitions over next 2-3 quarters

    Nucleus Software looking for acquisitions over next 2-3 quarters   

    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

  • Blueair appoints Arvind Chabra as its new Country Head

    Blueair appoints Arvind Chabra as its new Country Head  

    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

  • Trai must set standard norms on offers, urge Airtel, Voda, Idea

    Trai must set standard norms on offers, urge Airtel, Voda, Idea   

    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

  • FDI in multi-brand retail: Non-food items may get nod

    FDI in multi-brand retail: Non-food items may get nod   

    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

  • Telenor India buy won`t affect Airtel`s financial position: S&P

    Telenor India buy won't affect Airtel's financial position: S&P  

    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

  • Actual bad loans about Rs 20L cr, says ex-RBI Dy K C Chakrabarty

    Actual bad loans about Rs 20L cr, says ex-RBI Dy K C Chakrabarty  

    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

  • OGPC seeks shareholders` nod to convert debt into equity

    OGPC seeks shareholders' nod to convert debt into equity  

    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

  • Lupin Japanese arm in deal with Astellas to sell antidepressant

    Lupin Japanese arm in deal with Astellas to sell antidepressant  

    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

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