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  • Foxconn considering to revive Chennai units: TN Govt

    Foxconn considering to revive Chennai units: TN Govt  

    A team of state industries department officials recently visited the headquarters of Foxconn in Taiwan and made a request to the management to revive its Chennai plant, saying government would extend support for it, the minister i...

    27 Jul 2016, 8.58 am  |  Source: PTI

  • Fintech space saw $617mn worth deals in 2015

    Fintech space saw $617mn worth deals in 2015  

    Fintech deal volumes too surged 82 percent to 69 from 38 in 2015, signalling a rich investor interest for companies with unique business models according to a report titled News Corp VCCEdge India FinServ Insights.

    27 Jul 2016, 8.13 am  |  Source: Moneycontrol.com

  • Rhiti Sports, Dhoni announce global partnership with Spartan

    Rhiti Sports, Dhoni announce global partnership with Spartan  

    The announcement was made by Rhiti Sports Chairman and MD Arun Pandey through a media release.

    27 Jul 2016, 7.52 am  |  Source: PTI

  • Indian assets doing well; hopeful of few launches in US: DRL

    Indian assets doing well; hopeful of few launches in US: DRL   

    For the first quarter ended June, Dr Reddy’s Laboratories missed estimates on all counts. Revenue declined 14 percent to Rs 3,222.5 crore in the quarter ended June 2016 from Rs 3,752.2 crore in same period last year.

    26 Jul 2016, 9.37 pm  |  Source: CNBC-TV18

  • Mahindra CIE Automotive appoints Ander Arenaza Alvarez as CEO

    Mahindra CIE Automotive appoints Ander Arenaza Alvarez as CEO  

    Mahindra groups auto component arm Mahindra CIE Automotive has appointed Ander Arenaza Alvarez as the Chief Executive Officer of the company with immediate effect.

    26 Jul 2016, 9.36 pm  |  Source: PTI

  • Lenders recommend SDR for Jaiprakash Power Ventures

    Lenders recommend SDR for Jaiprakash Power Ventures  

    Lenders to Jaiprakash Power Ventures Ltd have recommended invocation of Strategic Debt Restructuring (SDR) which will allow them to convert part of their debt into equity.

    26 Jul 2016, 9.36 pm  |  Source: PTI

  • Shriram City Union Finance raises Rs 175 crore via debentures

    Shriram City Union Finance raises Rs 175 crore via debentures  

    Shriram City Union Finance has raised Rs 175 crore by issuing non-convertible debentures.

    26 Jul 2016, 9.36 pm  |  Source: PTI

  • Maha to seek CAG audit of Tata Power, Reliance Infra

    Maha to seek CAG audit of Tata Power, Reliance Infra  

    Maharashtra government will seek the CAG audit of Tata Power and Reliance Infrastructure power companies supplying electricity to Mumbai, State Power Minister Chandrashekhar Bawankule informed the State Assembly here today.

    26 Jul 2016, 9.36 pm  |  Source: PTI

  • ICICI Bank to discontinue some service pacts with 3i Infotech

    ICICI Bank to discontinue some service pacts with 3i Infotech  

    "...the Company has received letter dated July 26, 2016 from ICICI Bank Limited informing the company that ICICI Bank would like to discontinue some of the service contracts with the company and its group companies effective July ...

    26 Jul 2016, 9.36 pm  |  Source: PTI

  • Lack of financial power hampering airlines from going global

    Lack of financial power hampering airlines from going global  

    Lack of adequate resources and financial strength is the primary reason for the Indian airlines for not having large scale international operations, government said today.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Advanta to exit BSE indices from Aug 1 post UPL merger

    Advanta to exit BSE indices from Aug 1 post UPL merger  

    Seed firm Advanta will be dropped from S&P BSE indices from Monday on account of its merger with group firm UPL Ltd.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • EESL to replace street lights with LEDs in 4 states

    EESL to replace street lights with LEDs in 4 states  

    State-run EESL will soon start replacing conventional street lights with energy efficient LEDs in four more states.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Reliance Cap Trustee raises stake in Max India to 7.4%

    Reliance Cap Trustee raises stake in Max India to 7.4%  

    Reliance Capital Trustee Co has raised its stake in Max India Ltd by over 2.88 per cent to 7.38 per cent through open market transactions.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • NTPC plans to raise Rs 15,000 cr via debentures

    NTPC plans to raise Rs 15,000 cr via debentures  

    "A meeting of the Board of Directors of the Company is scheduled to be held at New Delhi on Friday, July 29, 2016 inter alia, to consider and approve issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/ non-cumul...

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Alstom T&D gets shareholders` nod to change company`s name

    Alstom T&D gets shareholders' nod to change company's name  

    Alstom T&D India today received shareholders' approval for changing the name of the company to GE T&D India as the firm has been taken over by US giant General Electric.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India

    RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India  

    RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • SBI launches debit card-less instant money transfer facility

    SBI launches debit card-less instant money transfer facility  

    State Bank today launched a payment system at its ATMs which will allow the account holders transfer money using mobile phone number as identifier.

    26 Jul 2016, 8.16 pm  |  Source: PTI

  • Govt to miss revenue target from telcos: ICRA

    Govt to miss revenue target from telcos: ICRA  

    The telecom sector will, however, contribute to the tune of Rs 5-6 lakh crore over period of next 10 years,, credit rating agency ICRA said today.

    26 Jul 2016, 7.10 pm  |  Source: PTI

  • DoT to issue demand notices this week to 6 telcos for 2006-07

    DoT to issue demand notices this week to 6 telcos for 2006-07  

    According to DoT sources, demand notice is likely to go to Bharti Hexacom for North East and Rajasthan circles, and to all other operators as well for the year 2006-07 for specific circles. The source, however, declined to quantif...

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • Alliance Air starts Delhi-Jaipur flight service

    Alliance Air starts Delhi-Jaipur flight service  

    Air India's regional arm Alliance Air today commenced its flight services to the Rajasthan capital city Jaipur from the Indira Gandhi International Airport here.

    26 Jul 2016, 7.08 pm  |  Source: PTI

  • Pharma sector receives Rs 4,975-cr FDI in FY16: Govt

    Pharma sector receives Rs 4,975-cr FDI in FY16: Govt  

    The drugs and pharmaceuticals sector has received foreign direct investment (FDI) of Rs 4,975 crore in 2015-16, parliament was informed today.

    26 Jul 2016, 6.54 pm  |  Source: PTI

  • Who is Sanjiv Puri? Meet the man who may succeed ITC`s Deveshwar

    Who is Sanjiv Puri? Meet the man who may succeed ITC's Deveshwar  

    Sanjiv Puri, the maiden Chief Operating Officer of consumer giant ITC, is widely regarded as the likely successor to Chief Executive Officer YC Deveshwar. Puri has his task cut out at ITC in case he replaces Deveshwar who steps do...

    26 Jul 2016, 4.18 pm  |  Source: Moneycontrol.com

  • Residential property sales grow 8% sequentially in Q1: Study

    Residential property sales grow 8% sequentially in Q1: Study  

    According to a report by online property portal PropTiger, residential sales increased by 8 percent in the first quarter of 2016-17, while project launches went up by 14 percent to 41,000 units when compared to the last quarter (J...

    26 Jul 2016, 4.18 pm  |  Source: PTI

  • Domestic air passenger traffic grows nearly 21% in June 2016

    Domestic air passenger traffic grows nearly 21% in June 2016  

    Budget carrier indiGo flown the highest number of passengers (30.23 lakh) followed by full service private carrier Jet Airways which, along with its subsidiary JetLite, ferried a total of 15.23 lakh fliers in June 2016.

    26 Jul 2016, 4.18 pm  |  Source: PTI

  • To clock 10% revenue growth in FY17: LG Balakrishnan & Bros

    To clock 10% revenue growth in FY17: LG Balakrishnan & Bros   

    Net profit stood at Rs 9.5 crore against Rs 9 crore in the same quarter last fiscal and revenue stood at Rs 264.3 crore against Rs 247 crore last fiscal.

    26 Jul 2016, 4.07 pm  |  Source: CNBC-TV18

  • Bajaj Fin targets 25% balancesheet growth in medium-to-long term

    Bajaj Fin targets 25% balancesheet growth in medium-to-long term   

    Bajaj Finance expects a 25 percent growth in its balancesheet and 20 percent net income growth from a medium-to-long-term point of view, the company's Managing Director Rajeev Jain tells CNBC-TV18.

    26 Jul 2016, 3.53 pm  |  Source: CNBC-TV18

  • Yamaha sets up second R&D centre in India

    Yamaha sets up second R&D centre in India  

    The new centre, which is located at Kanchipuram district of Tamil Nadu, has been established to ensure optimum utilisation of resources and focus on enhancing of the capability and capacity.

    26 Jul 2016, 3.48 pm  |  Source: PTI

  • NIIT Tech promoters mull strategic sale: Sources

    NIIT Tech promoters mull strategic sale: Sources  

    Sources say that Zensar and Mphasis are two companies that have likely expressed their interest in NIIT Tech. Private equity players may also have shown interest in buying the firm.

    26 Jul 2016, 3.43 pm  |  Source: CNBC-TV18

  • Associate`s poor show took a toll on Q1 numbers: NIIT

    Associate's poor show took a toll on Q1 numbers: NIIT   

    Rahul Patwardhan clarified that in the constant currency basis, the revenues from the CLG business for the first quarter of FY17 rose by 13 percent. The 19 percent rise in revenues is in rupee terms. He maintains a guidance of 15 ...

    26 Jul 2016, 3.39 pm  |  Source: CNBC-TV18

  • Over 1,900 cos spend Rs 8,029 cr towards CSR works in 2014-15

    Over 1,900 cos spend Rs 8,029 cr towards CSR works in 2014-15  

    Out of these companies, 116 were public sector undertakings while 1,790 were private sector entities, Minister of State for Corporate Affairs Arjun Ram Meghwal told Rajya Sabha.

    26 Jul 2016, 3.34 pm  |  Source: PTI

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