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  • Bajaj V sales cross 1 lakh mark within 4 months of launch

    Bajaj V sales cross 1 lakh mark within 4 months of launch  

    The two-wheeler major further plans to hike the production of the bike, which has been crafted from the metal of INS Vikrant, in order to meet demand.

    25 Jul 2016, 3.40 pm  |  Source: PTI

  • Transformers and Rectifiers (India) to raise Rs 125 cr via QIP

    Transformers and Rectifiers (India) to raise Rs 125 cr via QIP  

    The board of directors approved the "Issuance of Equity Shares through QIP or preferential allotment up to an aggregate amount of Rs 125 crore, subject to the approval of shareholders," Transformers and Rectifiers (India) said in ...

    25 Jul 2016, 3.40 pm  |  Source: PTI

  • 50% of India`s net users to make online payments by 2020: report

    50% of India's net users to make online payments by 2020: report  

    India will leapfrog from traditional payments to digital payments to have the most advanced digital payments ecosystem by 2020, says Rajan Anandan, Vice-president, India and Southeast Asia, Google. Digital payments business to hi...

    25 Jul 2016, 3.37 pm  |  Source: Moneycontrol.com

  • Indian digital payments market to reach $500 bn by 2020: Report

    Indian digital payments market to reach $500 bn by 2020: Report  

    The 'Digital Payments 2020' report, jointly published by Google and Boston Consulting Group, projects that non-cash contribution in the consumer payments segment will double to 40 percent.

    25 Jul 2016, 3.00 pm  |  Source: PTI

  • L&T Finance promotes Dinanath Dubhashi as Managing Director

    L&T Finance promotes Dinanath Dubhashi as Managing Director  

    The board of directors of the company at its meeting held on July 22, appointed Dinanath Dubhashi, Deputy Managing Director as the Manging Director of the company and said that Deosthalee, would continue to serve as the Chairman o...

    25 Jul 2016, 3.00 pm  |  Source: PTI

  • ICICI, Axis banks join Swift`s global payments initiative

    ICICI, Axis banks join Swift's global payments initiative  

    The initiative aims to enhance cross-border payments by leveraging Swift's messaging platform and global reach and in the first phase, the initiative will focus on business-to-business payments.

    25 Jul 2016, 2.58 pm  |  Source: PTI

  • Quikr acquires Hiree, to focus on innovating in jobs space

    Quikr acquires Hiree, to focus on innovating in jobs space  

    Hiree will be merged with QuikrJobs and will operate out of Quikr headquarters, the company said in a statement.

    25 Jul 2016, 2.58 pm  |  Source: PTI

  • Renault launches Lodgy variant priced up to Rs 10.4 lakh

    Renault launches Lodgy variant priced up to Rs 10.4 lakh  

    'Lodgy World Edition' is built with 25 enhancements to its exteriors and interiors and will be available in both 85 PS and 110 PS variants at an introductory price of Rs 9.74 lakh and Rs 10.40 lakh, respectively (ex-showroom Delhi...

    25 Jul 2016, 2.40 pm  |  Source: PTI

  • See loan book growing 25% in FY17: Indiabulls Housing

    See loan book growing 25% in FY17: Indiabulls Housing   

    In an interview with CNBC-TV18, Gagan Banga, VC and MD of the company said that it has been able to reduce the cost of funds successfully and expects to increase its market share in the home loan segment.

    25 Jul 2016, 2.33 pm  |  Source: CNBC-TV18

  • SBI to use IOC kisan seva centres to serve farmers

    SBI to use IOC kisan seva centres to serve farmers  

    The tie-up will help farmers avail the facilities of various products and services by SBI customer service points (CSPs) like savings account, term deposit, recurring deposit, micro credit, remittances, social security schemes, Aa...

    25 Jul 2016, 2.32 pm  |  Source: PTI

  • Thomas Cook India inks pact with Matrimony Bazaar

    Thomas Cook India inks pact with Matrimony Bazaar  

    Thomas Cook India's internal research and consumer analysis shows the significant and growing potential of the honeymoon/romantic travel segment - a 20 to 25 percent year-on-year increase in demand over the last three years, the c...

    25 Jul 2016, 2.18 pm  |  Source: PTI

  • Ricoh India Chairman Tetsuya Takano resigns

    Ricoh India Chairman Tetsuya Takano resigns  

    The company has appointed Ian Peter Winham as its Director/Chairman with immediate effect.

    25 Jul 2016, 1.58 pm  |  Source: PTI

  • ITC appoints Sanjiv Puri as COO

    ITC appoints Sanjiv Puri as COO   

    The board of the company, in its meeting held today "redesignated Sanjiv Puri, Wholetime Director, also as Chief Operating Officer of the Company with immediate effect," ITC said in a BSE filing.

    25 Jul 2016, 1.56 pm  |  Source: PTI

  • Seshasayee Paper sees cost of production coming down by 10%

    Seshasayee Paper sees cost of production coming down by 10%   

    The company performance this quarter was aided by two factors: good production and controlled cost of production, says KS Kasi Viswanathan, MD of Seshasayee Paper & Boards.

    25 Jul 2016, 1.53 pm  |  Source: CNBC-TV18

  • Expect to maintain 10-12% topline growth in FY17: Jayant Agro

    Expect to maintain 10-12% topline growth in FY17: Jayant Agro   

    The company's value added business is continuing to grow, says Udeshi. But with delayed rains in the castor growing regions of Gujarat, the commodity business could take a hit. But he reassures that late rains will not harm the cr...

    25 Jul 2016, 1.43 pm  |  Source: CNBC-TV18

  • P-Notes investment hit 2 year low of Rs 2.10 lakh cr in June-end

    P-Notes investment hit 2 year low of Rs 2.10 lakh cr in June-end  

    The board of Sebi, in May, tightened norms to check any misuse of controversy-ridden P-Notes by making it mandatory for users of these overseas instruments to follow Indian anti-money laundering law and report any suspicious trans...

    25 Jul 2016, 1.12 pm  |  Source: PTI

  • Good monsoon, festive season likely to boost sentiment: M&M Fin

    Good monsoon, festive season likely to boost sentiment: M&M Fin   

    The company reported a subdued quarter with 2.25 percent fall in its net profit to Rs 87 crore and reduced its provisions to 30.5 percent to Rs 224.5 crore in Q1. Asset quality quarter-on-quarter deteriorated to 36.9 percent at Rs...

    25 Jul 2016, 1.00 pm  |  Source: CNBC-TV18

  • Mphasis` core business will outperform market in FY17: CEO

    Mphasis' core business will outperform market in FY17: CEO   

    In an interview with CNBC-TV18, Ganesh Ayyar, CEO and ED of Mphasis along with CFO, V Suryanarayanan gave future guidance for the company finances and its business plans.

    25 Jul 2016, 12.39 pm  |  Source: CNBC-TV18

  • Affordable housing loans: Lenders` underwriting practices vital

    Affordable housing loans: Lenders' underwriting practices vital  

    "Affordable housing loans present unique credit risks for lenders and - when securitised - for residential mortgage- backed securities, because of the nature of the borrowers," says Moody's Assistant VP (Research Writer) Georgina ...

    25 Jul 2016, 12.24 pm  |  Source: PTI

  • IOB, Central Bank to benefit from capital infusion: Moody`s

    IOB, Central Bank to benefit from capital infusion: Moody's  

    "The capital infusion will improve their capitalisation at a time when asset quality pressure and elevated provisioning costs have negatively affected their financial performance," it said in its credit outlook titled, 'Indian Ove...

    25 Jul 2016, 12.08 pm  |  Source: PTI

  • RBI imposes penalty of Rs 5 cr on Bank of Baroda

    RBI imposes penalty of Rs 5 cr on Bank of Baroda  

    "The Reserve Bank of India has imposed a penalty of INR 50 million on Bank of Baroda... Pursuant to the internal audit of the Bank of Baroda, the Reserve Bank of India and investigative agencies in October 2015 were advised by the...

    25 Jul 2016, 12.00 pm  |  Source: PTI

  • GAIL, Gazprom renegotiating LNG deal, says sources

    GAIL, Gazprom renegotiating LNG deal, says sources   

    Shipments under the deal, initially expected to start in 2018/2019, are linked to crude oil prices which are rising while gas prices are expected to stay subdued for longer as major new production plants in Australia and the Unite...

    25 Jul 2016, 11.42 am  |  Source: Reuters

  • Oriental Carbon & Chem explains why effective tax rate is higher

    Oriental Carbon & Chem explains why effective tax rate is higher   

    Speaking to CNBC-TV18 Anurag Jain of Oriental Carbon & Chemical said that the demand was better in first quarter was better than the previous quarter.

    25 Jul 2016, 11.41 am  |  Source: CNBC-TV18

  • Glenmark gets FDA nod for skin ointment

    Glenmark gets FDA nod for skin ointment  

    "Glenmark Pharmaceuticals Inc, USA has been granted final approval by the US Food and Drug Administration (USFDA) for triamcinolone acetonide ointment USP, 0.5 percent," it said in a BSE filing.

    25 Jul 2016, 11.38 am  |  Source: PTI

  • Govt invites merchant bankers to manage NBCC share sale

    Govt invites merchant bankers to manage NBCC share sale  

    The government will appoint up to three merchant bankers for the share issue, which could fetch about Rs 2,200 crore to the exchequer at the current market price.

    25 Jul 2016, 11.28 am  |  Source: PTI

  • Managing portfolio quality crucial to growth: Equitas Holdings

    Managing portfolio quality crucial to growth: Equitas Holdings   

    Riding on the back of a good first-quarter performance, N Vasudevan, Managing Director of Equitas Holdings, says there is large unmet demand in the microfinance space which can be capitalised upon going ahead.

    25 Jul 2016, 11.09 am  |  Source: CNBC-TV18

  • Volumes likely to grow in double-digits for FY17: Havells India

    Volumes likely to grow in double-digits for FY17: Havells India   

    Anil Rai Gupta, Chairman and Managing Director, Havells India, said all of the company's verticals, except cables, saw 20 percent growth in the quarter.

    25 Jul 2016, 11.07 am  |  Source: CNBC-TV18

  • L&T Fin expects rural margins to grow on back of microfin biz

    L&T Fin expects rural margins to grow on back of microfin biz   

    In a post earnings interview, YM Deosthalee, Chairman of L&T Finance Holdings said that the whole entity has been restructured and the business is now divided in to three key focus areas - rural, housing and wholesale book segment...

    25 Jul 2016, 10.54 am  |  Source: CNBC-TV18

  • UFO Moviez sees ad revenues growing over 30% YoY

    UFO Moviez sees ad revenues growing over 30% YoY   

    Speaking to CNBC-TV18 Kapil Agarwal, Joint MD of UFO Moviez, said that 3i Research (Mauritius) is fully divested in the company.

    25 Jul 2016, 10.38 am  |  Source: CNBC-TV18

  • Optimistic on demand outlook in FY17: Persistent Systems

    Optimistic on demand outlook in FY17: Persistent Systems   

    Persistent Systems reported a 3.6 percent rise in rupee revenue to Rs 701.8 crore while its profit after tax fell 9.3 percent to Rs 73.2 crore. However, the company’s margins contracted by 80 basis points to 15.1 percent in the ...

    25 Jul 2016, 10.31 am  |  Source: CNBC-TV18

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