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  • Lupin gets USFDA nod for generic Alzheimer treatment drug

    Lupin gets USFDA nod for generic Alzheimer treatment drug  

    The company has received final approval for the product in strengths of 7 mg, 14 mg, 21 mg, and 28 mg from the US Food and Drug Administration (USFDA), Lupin Ltd said in a regulatory filing.

    29 Sep 2016, 4.10 pm  |  Source: PTI

  • YES Bank plans to raise Rs 2,500 cr via long-term bonds

    YES Bank plans to raise Rs 2,500 cr via long-term bonds  

    "The bank proposes to raise funds by issuing senior unsecured listed rated redeemable long-term bonds in the form of debentures amounting to Rs 1,000 crore, with a green shoe option for an additional amount up to Rs 1,500 crore on...

    29 Sep 2016, 4.00 pm  |  Source: PTI

  • Global M&A drops to $2.50 trillion in January-September of 2016

    Global M&A drops to $2.50 trillion in January-September of 2016  

    According to preliminary data from global deal tracking firm Dealogic, the figure so far this year is USD 2.50 trillion, down 24 percent over last year when transactions worth USD 3.27 trillion were announced.

    29 Sep 2016, 3.56 pm  |  Source: PTI

  • Ujjivan to cut interest rates, pass on benefits to customers

    Ujjivan to cut interest rates, pass on benefits to customers   

    Ujjivan Financial Services Limited the micro finance lender announced interest cut Thursday to the tune of 75 basis points with effect for October 1, 2016.

    29 Sep 2016, 3.21 pm  |  Source: CNBC-TV18

  • Tata Steel plans 2nd phase expansion of Kalinganagar plant

    Tata Steel plans 2nd phase expansion of Kalinganagar plant  

    "Sometime in next six months a proposal will be sent to our board for its approval to start the second phase work at Kalinganagar, while the focus now is to achieve full 3 mtpa capacity in first phase fast," Tata Steel MD (India a...

    29 Sep 2016, 3.10 pm  |  Source: PTI

  • LIC MF inks mutual fund distribution pact with Karnataka Bank

    LIC MF inks mutual fund distribution pact with Karnataka Bank  

    "This would be a forward looking step for the bank to provide a complete financial solution to our esteemed customers," Karnataka Bank MD & CEO P Jayarama Bhat said, adding "this engagement increases the option for our customers t...

    29 Sep 2016, 2.46 pm  |  Source: PTI

  • Zee forays into radio biz through UAE co Hum FM takeover

    Zee forays into radio biz through UAE co Hum FM takeover  

    Following the acquisition, the Essel group firm has become the first entertainment network in the region to provide media solution to its partners through television, radio and digital platforms, ZEEL said in a statement.

    29 Sep 2016, 2.40 pm  |  Source: PTI

  • Electronics design space to get Rs 2 lakh cr investment: IESA

    Electronics design space to get Rs 2 lakh cr investment: IESA  

    IESA (India Electronics and Semiconductor Association) president M N Vidyashankar said applications cleared at the Central and state level are worth about Rs 1.5 lakh crore over the last two-and-half years, under various programme...

    29 Sep 2016, 1.36 pm  |  Source: PTI

  • Nissan unveils limited edition Datsun redi-Go Sport

    Nissan unveils limited edition Datsun redi-Go Sport  

    The new variant, which comes with various additional features like rear parking sensor and black interiors, will be available for sale during the festive season.

    29 Sep 2016, 1.28 pm  |  Source: PTI

  • Abbott India names Ambati Venu as MD

    Abbott India names Ambati Venu as MD  

    "The board at its meeting held today approved the appointment of Ambati Venu as an additional director on the board and managing director of the company for a term of 5 years effective September 29, 2016, subject to approval from ...

    29 Sep 2016, 1.00 pm  |  Source: PTI

  • Air India to increase flights to Australia

    Air India to increase flights to Australia  

    "The response to Air India's non-stop Dreamliner between Delhi and Sydney-Melbourne has been overwhelming and we will be deploying the additional capacity on this route in the second quarter of 2017," Air India chairman and managi...

    29 Sep 2016, 12.40 pm  |  Source: PTI

  • Government`s 7% stake sale in Hindustan Copper begins

    Government's 7% stake sale in Hindustan Copper begins  

    The two-day Offer for Sale opened today with 5.18 crore shares reserved for non-retail investors being put under the hammer.

    29 Sep 2016, 12.40 pm  |  Source: PTI

  • No critical observation by UK health regulator: Wockhardt

    No critical observation by UK health regulator: Wockhardt  

    "The inspection of our manufacturing unit at L-1, Chikalthana, Aurangabad, Maharashtra by UK MHRA has since been completed without any critical observations and the approval status of the said unit continues," Wockhardt said in a ...

    29 Sep 2016, 12.36 pm  |  Source: PTI

  • After ICICI Pru, other insurance cos may opt for IPO: HDFC Life

    After ICICI Pru, other insurance cos may opt for IPO: HDFC Life   

    After ICICI Prudential received remarkable valuations, he is confident that other insurance companies will also follow suit. He expects SBI Life to also be listed very soon.

    29 Sep 2016, 12.34 pm  |  Source: CNBC-TV18

  • Expect carbon biz to deliver margin of 16-18%: Rain Industries

    Expect carbon biz to deliver margin of 16-18%: Rain Industries   

    In CY2016 cement EBITDA will be approximately Rs 650 to Rs 700 per tonne, says T Srinivasa Rao, CFO at Rain Industries.

    29 Sep 2016, 12.20 pm  |  Source: CNBC-TV18

  • Rossell India denies talks of demerging tea business

    Rossell India denies talks of demerging tea business   

    Refuting rumors of demerging its tea business, CS Bedi, MD of Rossell India told CNBC-TV18 that all the business verticals will stay intact the way they are.

    29 Sep 2016, 11.35 am  |  Source: CNBC-TV18

  • Larsen and Toubro bags business orders worth Rs 2,046 cr

    Larsen and Toubro bags business orders worth Rs 2,046 cr  

    "The construction arm of L&T has won orders worth Rs 2,046 crore across various business segments," L&T said in a BSE filing.

    29 Sep 2016, 11.16 am  |  Source: PTI

  • Oriental Bank of Commerce to raise Rs 500 cr via bonds

    Oriental Bank of Commerce to raise Rs 500 cr via bonds  

    "The bank intends to raise Tier 1 capital through private placement of Basel III compliant additional tier 1 bonds of Rs 10,00,000 each at par aggregating to Rs 500 crore," Oriental Bank of Commerce said in a BSE filing.

    29 Sep 2016, 11.16 am  |  Source: PTI

  • IWAI inks 3 MoUs with DCI and MPT for inland water transport

    IWAI inks 3 MoUs with DCI and MPT for inland water transport  

    "These MoUs are meant to make use of the synergies, strengths and expertise of the Ports and Dredging sectors to enable IWAI to accelerate the development of Inland Water Transport (IWT) sector as an alternative, viable and enviro...

    29 Sep 2016, 10.56 am  |  Source: PTI

  • Govt asks state-run NALCO to re-think Iran smelter unit plan

    Govt asks state-run NALCO to re-think Iran smelter unit plan  

    "Value addition should happen in India and we should be self sufficient in aluminium instead of importing by setting up plants overseas," Mines Secretary Balvinder Kumar told Reuters. "We have asked them to expand their domestic c...

    29 Sep 2016, 10.09 am  |  Source: Reuters

  • GSPL to increase pipeline in Gujarat by 200 kms: Joint MD

    GSPL to increase pipeline in Gujarat by 200 kms: Joint MD   

    Speaking to CNBC-TV18 T Natarajan, Joint Managing Director of GSPL, said that margins are linked to the tariffs. “We do expect a reasonable increase in margins when the tariff is implemented.”

    29 Sep 2016, 10.05 am  |  Source: CNBC-TV18

  • IWAI inks pact with leading ports for waterways development

    IWAI inks pact with leading ports for waterways development  

    These memorandum of understandings (MoUs) are meant to make use of the synergies, strengths and expertise of the port and dredging sectors to enable the IWAI to accelerate the development of the Inland Water Transport (IWT) sector...

    29 Sep 2016, 10.00 am  |  Source: PTI

  • Amazon launches two more fulfilment centres in Tamil Nadu

    Amazon launches two more fulfilment centres in Tamil Nadu  

    "Spread across two lakh square foot in Chennai and Coimbatore, the fulfilment centres are aimed at empowering small and medium businesses to reach a wider customer base," a company statement said.

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Girnar Software forms JV in Indonesia with Kreatif Media Karya

    Girnar Software forms JV in Indonesia with Kreatif Media Karya  

    The JV is between Girnar's subsidiary CarBay Pte Ltd, and PT. Kreatif Media Karya (KMK), the digital business arm of PT Elang Mahkota Teknologi Tbk (Emtek), one of Indonesia's most prominent media and content firms, the company sa...

    29 Sep 2016, 9.28 am  |  Source: PTI

  • UpGrad joins Startup India programme as education partner

    UpGrad joins Startup India programme as education partner  

    Upgrad, co-founded by Ronnie Screwvala, will offer a four week programme aimed at entrepreneurs looking to take the plunge or already 2-3 years into their journey, with the objective of exposing them to possible challenges in thei...

    29 Sep 2016, 9.28 am  |  Source: PTI

  • Amazon to mint fat profits, hit rivals on the back of pvt labels

    Amazon to mint fat profits, hit rivals on the back of pvt labels  

    Earlier this month Amazon launched its exclusive men's clothing brand called Symbol, it already has AmazonBasics, which caters to affordable and sturdy consumer electronics and technology products.

    29 Sep 2016, 8.55 am  |  Source: Moneycontrol.com

  • Govt to sell 7% stake in Hind Copper; to raise about Rs 400 cr

    Govt to sell 7% stake in Hind Copper; to raise about Rs 400 cr  

    The President of India (acting through and represented by the Mines Ministry), promoter of Hindustan Copper, submitted a copy of notice of offer for sale of up to 6,47,65,260 equity shares of the company, the firm said in a regula...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • New formula mooted by Jayant Sinha to resolve NTPC land

    New formula mooted by Jayant Sinha to resolve NTPC land  

    The Union Minister said under the proposal it was decided though NTPC was given three coal blocks at Pakri Barwadi, Keredari and Chatti Bariatu in Hazaribagh district, it would start coal mining in Pakri Barwadhi for which the rai...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • Domestic pharma firms facing challenging environment: Cipla

    Domestic pharma firms facing challenging environment: Cipla  

    "The environment for domestic pharma companies remains challenging with more products coming under price control and other pressures such as government legislation to ban certain fixed dose combination drugs," Cipla Chairman Y K H...

    29 Sep 2016, 8.32 am  |  Source: PTI

  • JP Group to convert loan into equity

    JP Group to convert loan into equity  

    Shareholders of Jaiprakash Associates Ltd (JAL) approved the "option to convert loans, debentures or other borrowings/debt of the company into equity shares/securities of the company," it said in a regulatory filing.

    29 Sep 2016, 7.38 am  |  Source: PTI

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