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  • Mahindra tractor sales up 20.33% in June at 30,191 units

    Mahindra tractor sales up 20.33% in June at 30,191 units  

    Domestic tractor sales grew by 20.49 percent to 28,797 units in June as against 23,899 units in the year-ago month, the company said in a statement.

    01 Jul 2016, 3.26 pm  |  Source: PTI

  • Textile policy, GST, good monsoon to boost sentiment: Arvind

    Textile policy, GST, good monsoon to boost sentiment: Arvind   

    All the retail formats (Aeropostale, Sephora, GAP etc) are going as per plans. At the store level, profitability is good, like-to-like growth is healthy too, said Sanjay Lalbhai, CMD, Arvind.

    01 Jul 2016, 3.18 pm  |  Source: CNBC-TV18

  • Jaypee account an NPA, banks may invoke SDR: SBI official

    Jaypee account an NPA, banks may invoke SDR: SBI official  

    Amid reports that lenders may take majority control of the debt-laden Jaiprakash Associates, a senior SBI official on July 1 said it has classified the account as an NPA and lenders will soon meet to take a call on invoking Strat...

    01 Jul 2016, 3.16 pm  |  Source: PTI

  • Virinchi Tech kickstarts Hyberabad hospital ops with 350 beds

    Virinchi Tech kickstarts Hyberabad hospital ops with 350 beds   

    Kompella says 350 beds have been completed so far. An initial investment of Rs 140 crore has been done while total borrowing for the project is about Rs 100 crore.

    01 Jul 2016, 2.53 pm  |  Source: CNBC-TV18

  • Indian-owned food production firm launches new unit in UAE

    Indian-owned food production firm launches new unit in UAE  

    With the expansion of its production facility, Arab & India Spices (AIS) eyes an annual turnover of Dh1 billion (USD 272) million billion starting from this year.

    01 Jul 2016, 2.50 pm  |  Source: PTI

  • P-Note investments rise to Rs 2.15 lakh cr in May

    P-Note investments rise to Rs 2.15 lakh cr in May  

    P-Notes are typically instruments issued by registered foreign portfolio investors to overseas investors who wish to invest in Indian markets without registering themselves directly in India to save on time. But they still need to...

    01 Jul 2016, 2.50 pm  |  Source: PTI

  • Govt kick-starts process to sell 12.03% in ITDC

    Govt kick-starts process to sell 12.03% in ITDC  

    The Department of Investment and Public Asset Management (DIPAM), previously known as Disinvestment Department, has invited bids from merchant bankers to assist the government in the disinvestment process of ITDC, which runs a cha...

    01 Jul 2016, 2.44 pm  |  Source: PTI

  • Venture Catalysts secures $5,00,000 funding from Zaffiro

    Venture Catalysts secures $5,00,000 funding from Zaffiro  

    Venture Catalysts (VCats) was valued at Rs 40 crore during the investment process in the six months of its operations, it said in a statement today.

    01 Jul 2016, 2.34 pm  |  Source: PTI

  • Reliance Defence gets Reserve Bank nod to exit CDR

    Reliance Defence gets Reserve Bank nod to exit CDR  

    Anil Ambani-led Reliance Infrastructure has acquired nearly 35 percent in Pipavav Defence and Offshore Engineering Co, which has been renamed as Reliance Defence and Engineering.

    01 Jul 2016, 2.26 pm  |  Source: PTI

  • Ashok Leyland sales rise 7% to 11,108 units in June

    Ashok Leyland sales rise 7% to 11,108 units in June  

    Sales for its heavy and medium commercial vehicles rose 8 percent to 8,685 units last month as against 8,016 units in the year-ago period, the company said in a BSE filing.

    01 Jul 2016, 2.16 pm  |  Source: PTI

  • Maruti zooms past Hyundai, both on Google search & sales: CLSA

    Maruti zooms past Hyundai, both on Google search & sales: CLSA  

    The brokerage house, in a report, says that Maruti’s new launches like Baleno and Vitara Brezza continue to strengthen in comparison to its competitors. Volume growth for Vitara is likely to continue.

    01 Jul 2016, 2.04 pm  |  Source: Moneycontrol.com

  • D K Hota takes over as BEML`s CMD

    D K Hota takes over as BEML's CMD  

    Prior to this, he had served in Hindustan Petroleum Corporation Limited for 30 years -- his last designation being Head, Natural Gas Division, BEML said in a release.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Big Synergy, Phantom tie up for TV, digital media content

    Big Synergy, Phantom tie up for TV, digital media content  

    The alliance will "create a content production powerhouse, to deliver relevant and impactful entertainment content across TV and Digital Media", the company said in a press release.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Escorts tractor sales grow 11.3% in June

    Escorts tractor sales grow 11.3% in June  

    The company had sold 6,238 units in the same month last year, Escorts said in a BSE filing.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • PE investment in April-June falls 16% to $3.6 bn

    PE investment in April-June falls 16% to $3.6 bn  

    According to early data from Venture Intelligence, a research service focused on private company financials, transactions and their valuations, there were 169 PE deals, worth USD 4,278 million in April-June of 2015.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • Renault sales jump over two-fold at 11,837 units in June

    Renault sales jump over two-fold at 11,837 units in June  

    The cumulative sales figure for the period January-June stands at 61,895 as against 23,346 in the corresponding period last year, thereby registering a growth of 165 per cent, the company said in a statement.

    01 Jul 2016, 2.02 pm  |  Source: PTI

  • NCS Computech allegations were to damage IPO process: Quick Heal

    NCS Computech allegations were to damage IPO process: Quick Heal   

    The suit filed by NCS Computech against Quick Heal has been dismissed by the court. Suit claimed intellectual property rights to the brand name "Total Security" by NCS.

    01 Jul 2016, 1.35 pm  |  Source: CNBC-TV18

  • Cabinet may take up textile policy within a month: Rashmi Verma

    Cabinet may take up textile policy within a month: Rashmi Verma   

    The new textiles policy could be taken up by the Cabinet within a month, is the word coming in from textiles secretary Rashmi Verma.

    01 Jul 2016, 1.12 pm  |  Source: CNBC-TV18

  • Eicher Motors CV sales grow 18%, Royal Enfield up 36% in June

    Eicher Motors CV sales grow 18%, Royal Enfield up 36% in June  

    Eicher said it Royal Enfield sales grew by 36 percent to 50,682 units compared with 37,341 units sold in corresponding period of last fiscal while the growth was only 4 percent compared with preceding month.

    01 Jul 2016, 12.53 pm  |  Source: Moneycontrol.com

  • Adani Transmission deal to help GMR Energy pare Rs 324 cr debt

    Adani Transmission deal to help GMR Energy pare Rs 324 cr debt   

    Adani Transmission will acquire 74 percent shares of Maru Transmission Service and 49 percent shares of Aravali Transmission Service of GMR Energy, says Parag Parikh, CFO at GMR Energy.

    01 Jul 2016, 12.30 pm  |  Source: Moneycontrol.com

  • GMR Energy offloads stake to Adani Transmission for Rs 100 cr

    GMR Energy offloads stake to Adani Transmission for Rs 100 cr  

    "GMR Energy (GEL), a subsidiary of GMR Infrastructure (GIL), has entered into definitive agreements with Adani Transmission (ATL) wherein GEL has agreed to transfer the interest in its transmission projects - Maru Transmission Ser...

    01 Jul 2016, 12.20 pm  |  Source: PTI

  • World Bank`s $1-bn loan a boost to solar space: Ujaas Energy

    World Bank's $1-bn loan a boost to solar space: Ujaas Energy   

    For the first time, funds of this scale have been assigned to the solar sector in any country, said Anurag Mundra, Joint Managing Director and Chief Financial Officer of Ujaas Energy.

    01 Jul 2016, 11.15 am  |  Source: CNBC-TV18

  • IOC hopes to be rid of inventory loss, sees better margins

    IOC hopes to be rid of inventory loss, sees better margins   

    IOC Chairman B Ashok hopes the gross refining margins to be better, but refrains from putting a number ahead of the quarterly results. In the quarter gone by, the GRM was at USD 3 per barrel.

    01 Jul 2016, 10.50 am  |  Source: CNBC-TV18

  • Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%

    Maruti Suzuki disappoints; June sales skid 14%, exports fall 45%  

    "The growth in quarterly sales is despite the disruption in production during June 2016, due to the unfortunate incident of fire at Subros, a key vendor of the company," says Maruti in its filing.

    01 Jul 2016, 10.26 am  |  Source: Moneycontrol.com

  • Zuari Agro to pass on gains from input costs to farmers

    Zuari Agro to pass on gains from input costs to farmers   

    Even after passing on the benefit of lower input costs, Zuari Agro Chemicals MD & Group CEO Kapil Mehan expects improvement in margins due to better demand and working capital cost management.

    01 Jul 2016, 9.23 am  |  Source: CNBC-TV18

  • Yamaha to recall 902 units of YZF-R3 in India to fix clutch

    Yamaha to recall 902 units of YZF-R3 in India to fix clutch  

    "The parent company Yamaha Motor Co, Japan, has determined that a defect, which relates to clutch pressure plate and oil pump malfunction, exists in few YZF-R3 motorcycles falling within certain production numbers," India Yamaha M...

    01 Jul 2016, 9.08 am  |  Source: PTI

  • MSI inks pact with Andhra for driving training institute

    MSI inks pact with Andhra for driving training institute  

    The company has signed a Memorandum of Understanding (MoU) with the state government to establish and manage Institute of Driving Training and Traffic Research (IDTR) at Venkatachalam village in Darsi in Prakasham district, MSI sa...

    01 Jul 2016, 9.08 am  |  Source: PTI

  • Capital raising to aid loan book growth in FY17: Satin Credit

    Capital raising to aid loan book growth in FY17: Satin Credit   

    Company plans to grow the loan book in FY17 to around Rs 5000 crore from the current Rs 3270 crore, said HP Singh, CMD, Satin Credit.

    01 Jul 2016, 9.02 am  |  Source: CNBC-TV18

  • Jet Airways gets time till December 30 to hold AGM

    Jet Airways gets time till December 30 to hold AGM  

    The airline, which would present the financial statements at the AGM, said that the final hearing of the scheme of merger of JetLite with itself is listed at the Bombay High Court for July 22.

    01 Jul 2016, 9.00 am  |  Source: PTI

  • CCI rejects complaint against Kanoria Chemicals

    CCI rejects complaint against Kanoria Chemicals  

    Penta (Pentaerythritol) is a basic organic chemical used for a variety of purposes including in manufacturing of alkyd resin, rosin esters and printing inks.

    01 Jul 2016, 9.00 am  |  Source: PTI

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