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  • Brexit chaos erodes Rs 2,300 cr from Tata Motors` Q1 profit

    Brexit chaos erodes Rs 2,300 cr from Tata Motors' Q1 profit  

    As the pound took a beating -- sinking to a 31-year-low following the Brexit vote on June 24 -- the company's cash cow JLR took a 14 percent forex hit at Rs 2,296 crore, offsetting the higher income arising from better volumes, Ta...

    27 Aug 2016, 12.28 pm  |  Source: PTI

  • I-T searches at Himadri Speciality Chemical premises

    I-T searches at Himadri Speciality Chemical premises  

    Himadri manufactures coal tar pitch, chemical oils, carbon black, napthalene, advance carbon, corrosion protection and naphthalene sulphonate.

    27 Aug 2016, 12.28 pm  |  Source: PTI

  • Coal India gets shareholders nod for buyback of 10.89cr shares

    Coal India gets shareholders nod for buyback of 10.89cr shares  

    The Finance Ministry is pushing for buyback of shares by CPSEs. This is being done for two purposes to generate cash for the government and help push up the valuation for any divestment.

    27 Aug 2016, 12.24 pm  |  Source: PTI

  • Foreign seed firms rally behind Monsanto in Indian alliance

    Foreign seed firms rally behind Monsanto in Indian alliance  

    Executives from companies including the local businesses of Monsanto, Bayer, Dow, Dupont Pioneer and Syngenta announced the alliance in a crowded Press Club of India conference room.

    27 Aug 2016, 11.29 am  |  Source: Reuters

  • CCI collected certain biz info, says Eveready

    CCI collected certain biz info, says Eveready  

    Tea-to-batteries major Eveready Industries India today said the additional director general of Competition Commission has collected "certain business related information" but the company is unaware of the purpose.

    26 Aug 2016, 10.22 pm  |  Source: PTI

  • Huawei sets up its largest project support centre in India

    Huawei sets up its largest project support centre in India  

    Chinese telecom gear maker Huawei today launched its largest global service centre (GSC) in India with an initial investment of Rs 136 crore.

    26 Aug 2016, 10.22 pm  |  Source: PTI

  • MP Rajeev Chandrasekhar seeks probe of DoT`s finance wing

    MP Rajeev Chandrasekhar seeks probe of DoT's finance wing  

    Member of Parliament Rajeev Chandrasekhar has sought investigation into finance wing of the Department of Telecom in the matter relating to Rs 46,000 crore under-reporting of revenues by service providers.

    26 Aug 2016, 10.08 pm  |  Source: PTI

  • SC asks Parsvnath to refund flat buyers for delaying project

    SC asks Parsvnath to refund flat buyers for delaying project  

    The apex court has asked real estate developer Parsvnath Builders to refund flat buyers for delaying a housing project in Ghaziabad.

    26 Aug 2016, 9.54 pm  |  Source: CNBC-TV18

  • Flipkart rejigs top order to `simplify` organisation

    Flipkart rejigs top order to 'simplify' organisation   

    Flipkart has rejigged its top deck yet again, carving a bigger role for head of 'category design management' Kalyan Krishnamurthy among other changes, to create a "top-team with clear accountabilities".

    26 Aug 2016, 9.50 pm  |  Source: PTI

  • Irdai to release exposure draft on listing of insurance firms

    Irdai to release exposure draft on listing of insurance firms  

    To make listing of insurance firms compulsory, sector regulator Irdai will soon release an exposure draft on the issue.

    26 Aug 2016, 9.08 pm  |  Source: PTI

  • Claris gets mfg norm violation observations from USFDA

    Claris gets mfg norm violation observations from USFDA  

    Drug firm Claris Lifesciences today said USFDA inspectors have issued five observations highlighting violations of norms at its manufacturing facility at Chacharvadi-Vasna in Ahmedabad.

    26 Aug 2016, 9.08 pm  |  Source: PTI

  • SMS termination charge: SC issues notice to Voda on Aircel plea

    SMS termination charge: SC issues notice to Voda on Aircel plea  

    Earlier, Reliance Communications and Tata Teleservices had also moved the court against Bharti Airtel and Idea Cellular on similar grounds.

    26 Aug 2016, 6.45 pm  |  Source: CNBC-TV18

  • CIL to invest Rs 7,765 cr in FY`17 for capex

    CIL to invest Rs 7,765 cr in FY'17 for capex  

    CIL has envisaged a coal production of 908.10 million tonnes (MT) in 2019-20 with a CAGR of 12.98 percent with respect to 2014-15.

    26 Aug 2016, 6.32 pm  |  Source: PTI

  • USFDA issues warning letter to ex-Sun Pharma US facility

    USFDA issues warning letter to ex-Sun Pharma US facility  

    The Philadelphia plant is among the two facilities that Sun Pharma had sold to Frontida BioPharm in June this year, along with 15 products, for an undisclosed amount.

    26 Aug 2016, 6.32 pm  |  Source: PTI

  • Bridgestone launches Firestone tyre brand for cars, SUVs

    Bridgestone launches Firestone tyre brand for cars, SUVs  

    Japanese tyre major Bridgestone Corporation today introduced America's legendary tyre brand Firestone with the Firestone FR500 for cars and Firestone Destination LE02 for SUVs.

    26 Aug 2016, 5.32 pm  |  Source: PTI

  • Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021

    Larsen & Toubro sets Rs 2 lakh cr revenue target by 2021   

    As part of sharpening the business focus, Naik said the company has "identified select growth businesses in L&T's broad portfolio. These include IT, technology services, defence, smart world and water management.

    26 Aug 2016, 5.10 pm  |  Source: PTI

  • Sahara chief offers in SC to pay Rs 300 cr as bank guarantee

    Sahara chief offers in SC to pay Rs 300 cr as bank guarantee  

    On August 3, the Supreme Court had extended the parole of Roy till September 16 with a condition that he has to deposit Rs 300 crore with SEBI.

    26 Aug 2016, 4.26 pm  |  Source: PTI

  • DHFL public issue secures NCDs

    DHFL public issue secures NCDs  

    With an issue size of Rs 2,000 crore, the company can retain over-subscription of up to Rs 8,000 crore, CFO of DHFL Santosh Sharma said.

    26 Aug 2016, 4.12 pm  |  Source: PTI

  • FDA warns fmr Sun Pharma US drug factory over quality concerns

    FDA warns fmr Sun Pharma US drug factory over quality concerns  

    This is one of a series of quality concerns tied to the Philadelphia, Pennsylvania factory that the FDA highlighted in an Aug. 15 "warning letter" issued to the site's current owner, US firm Frontida BioPharm Inc.

    26 Aug 2016, 3.58 pm  |  Source: Reuters

  • Freecharge, Freshdesk founders invest in O2O platform Crownit

    Freecharge, Freshdesk founders invest in O2O platform Crownit  

    Ex-Snapdeal chief product officer Anand Chandrasekaran has also invested in the venture, the company said in a statement.

    26 Aug 2016, 3.56 pm  |  Source: PTI

  • Supertech to enter healthcare sector, invest Rs 300 cr

    Supertech to enter healthcare sector, invest Rs 300 cr  

    "In the initial phase, the company will invest Rs 100 crore to open its first 100-bed super speciality hospital in their residential complex 'Cape Town' in sector 74, Noida," the company said in a statement.

    26 Aug 2016, 3.54 pm  |  Source: PTI

  • Welspun tangle highlights India`s quality challenge

    Welspun tangle highlights India's quality challenge  

    India's government, desperate to accelerate growth and create more jobs, has backed a "Make in India" manufacturing push. India already makes everything from car parts to t-shirts, but is trying to move up the chain to make higher...

    26 Aug 2016, 3.43 pm  |  Source: Reuters

  • AIFs investment more than doubles to Rs 18,000 cr in FY16

    AIFs investment more than doubles to Rs 18,000 cr in FY16  

    In comparison, investments made by AIF -- a class of pooled-in vehicles for investing in real estate, private equity and hedge funds -- stood at Rs 7,357 crore in 2014-15.

    26 Aug 2016, 3.36 pm  |  Source: PTI

  • Eyeing domestic power assets not Tata Steel UK: Sajjan Jindal

    Eyeing domestic power assets not Tata Steel UK: Sajjan Jindal   

    Sajjan Jindal, Chairman, JSW Group said fortunately enough iron ore capacity is being developed in the country and so, the country we will import very little ore; in fact in time they would be net exporter of iron ore.

    26 Aug 2016, 3.28 pm  |  Source: CNBC-TV18

  • Tata Motors conducts raids on 19 counterfeiters

    Tata Motors conducts raids on 19 counterfeiters  

    The spurious parts dealers who were raided are -- Patwa Motors of Ajmer, Spring House at Lalitpur in UP, Shiva Spares Bhilai in Chhattisgarh, Lakhotia Auto Spares in Hoshangabad (MP), Bindya Auto Stores and Balaji Spares & Lubrica...

    26 Aug 2016, 3.20 pm  |  Source: PTI

  • Expect lot of changes in defence in next 6 months: Walchandnagar

    Expect lot of changes in defence in next 6 months: Walchandnagar   

    In an interview to CNBC-TV18, GK Pillai, MD & CEO, Walchandnagar Industries spoke about the latest happenings in his company and sector.

    26 Aug 2016, 3.00 pm  |  Source: CNBC-TV18

  • M&M eyes 20-25% penetration for DiGiSense across India

    M&M eyes 20-25% penetration for DiGiSense across India   

    Pawan Goenka, ED, M&M also added that currently applications are more commercial in nature.

    26 Aug 2016, 2.58 pm  |  Source: CNBC-TV18

  • Govt gives more time to 7 SEZs to implement projects

    Govt gives more time to 7 SEZs to implement projects  

    The BoA is a 19-member inter-ministerial body that deals with SEZ-related matters. It provides single window clearance mechanism to developers and units in these zones.

    26 Aug 2016, 2.16 pm  |  Source: PTI

  • Net1 to invest Rs 268 cr in MobiKwik

    Net1 to invest Rs 268 cr in MobiKwik  

    "Net 1 UEPS Technologies has signed a subscription agreement with One MobiKwik Systems. As part of the strategic partnership, Net1 will invest USD 40 million in MobiKwik," the companies said in a statement.

    26 Aug 2016, 2.12 pm  |  Source: PTI

  • Aim to reduce debt to Rs 430 cr from Rs 700 cr: Time Techno

    Aim to reduce debt to Rs 430 cr from Rs 700 cr: Time Techno   

    In an interview with CNBC-TV18, Anil Jain said that the company's volume growth has been more than 13 percent in the first quarter of this fiscal and expects it to be in the excess of 10 percent for the year.

    26 Aug 2016, 2.01 pm  |  Source: CNBC-TV18

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