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Budget 2017

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Business News

  • GroupM to acquire controlling interest in MediaCom India

    GroupM to acquire controlling interest in MediaCom India  

    Founded in 2007, MediaCom India became a joint venture in 2008 and over the last eight years, MediaCom India has established itself as one of the top five media agencies in the market in terms of market share.

    24 Jan 2017, 7.50 pm  |  Source: PTI

  • Wendt India 3Q net remains flat Rs 2.56 Crore

    Wendt India 3Q net remains flat Rs 2.56 Crore  

    The company had registered consolidated net profits at Rs 2.54 crore during corresponding period of previous year.

    24 Jan 2017, 7.50 pm  |  Source: PTI

  • Kotak Mahindra sells 2.1% in South Indian Bank for Rs 60 crore

    Kotak Mahindra sells 2.1% in South Indian Bank for Rs 60 crore  

    According to bulk deal data available with the BSE, Kotak Mahindra International sold a total of 2.85 crore shares, amounting to 2.11 percent stake, of South Indian Bank.

    24 Jan 2017, 7.50 pm  |  Source: PTI

  • Videocon looks to corner 13% share in AC market this year

    Videocon looks to corner 13% share in AC market this year  

    Homegrown consumer durables maker Videocon Industries is aiming to corner up to 13 per cent of the air-conditioner market this year, mainly by increased penetration in tier II and III cities and B2B sales.

    24 Jan 2017, 6.48 pm  |  Source: PTI

  • Railways may create Rs 6.7 tn biz opportunity in 5 yrs: Crisil

    Railways may create Rs 6.7 tn biz opportunity in 5 yrs: Crisil  

    Estimating Rs 6.7 trillion business opportunities for the Railways in 5 years, Crisil today said the upcoming Union Budget could allocate funds to the tune of Rs 1.3-1.4 trillion in this sector for 2017-18, a move which could ...

    24 Jan 2017, 6.48 pm  |  Source: PTI

  • Why Trump was right to pull US out of TPP

    Why Trump was right to pull US out of TPP  

    But by cancelling it Trump has shown he is focused on following a protectionist agenda. The key takeaway from cancelling TPP is we are heading for trade wars as countries would like to protect their companies and jobs.

    24 Jan 2017, 6.09 pm  |  Source: Moneycontrol.com

  • ICICI PruLife looking to expand its protection biz

    ICICI PruLife looking to expand its protection biz  

    The insurer’s asset under management at the end of December 2016 (April to December) stood at Rs 113611 crore

    24 Jan 2017, 6.05 pm  |  Source: Moneycontrol.com

  • Kingfisher loan: CBI to resume extradition process for Vijay Mallya shortly

    Kingfisher loan: CBI to resume extradition process for Vijay Mallya shortly  

    Kingfisher Airlines promoter Vijay Mallya has been named absconder accused in the loan default case.

    24 Jan 2017, 5.57 pm  |  Source: Moneycontrol.com

  • Wipro`s T K Kurien to retire on Jan 31

    Wipro's T K Kurien to retire on Jan 31  

    Country's third largest software services firm Wipro today said its Executive Vice Chairman and Board member T K Kurien will retire on January 31.

    24 Jan 2017, 5.48 pm  |  Source: PTI

  • ISSDA for implementation of stainless steel QCO

    ISSDA for implementation of stainless steel QCO  

    Indian Stainless Steel Development Association (ISSDA) has urged Ministry of Steel for immediate implementation of Quality Control Order (QCO) for stainless steel flat products.

    24 Jan 2017, 5.44 pm  |  Source: PTI

  • Idea Cellular to raise Rs 2,000 crore via debt

    Idea Cellular to raise Rs 2,000 crore via debt  

    Telecom operator Idea Cellular today said it will raise Rs 2,000 crore through issuance of non-convertible debentures.

    24 Jan 2017, 5.40 pm  |  Source: PTI

  • Siemens wins order worth Rs 366 crore from ONGC

    Siemens wins order worth Rs 366 crore from ONGC  

    Siemens today said it has bagged an order worth Rs 366 crore from ONGC for overhauling of power turbines.

    24 Jan 2017, 5.08 pm  |  Source: PTI

  • Idea in HC against TRAI`s Rs 950 cr penalty recommendation

    Idea in HC against TRAI's Rs 950 cr penalty recommendation  

    Idea Cellular today moved Delhi High Court against TRAI's recommendation to impose penalty of Rs 950 crore on the telecom firm for allegedly not providing interconnection to Reliance Jio (RJIO), even as DoT said the plea was prema...

    24 Jan 2017, 5.08 pm  |  Source: PTI

  • Most Indian firms under-hedged, vulnerable to FX risk - Ind-Ra

    Most Indian firms under-hedged, vulnerable to FX risk - Ind-Ra  

    Most Indian companies with overseas debt have not hedged enough of their foreign currency risk, making them vulnerable to any sharp movements in the rupee, according to a study by credit ratings agency India Ratings.

    24 Jan 2017, 5.08 pm  |  Source: Reuters

  • HZL board may consider Rs 15,000-cr dividend to govt in Feb

    HZL board may consider Rs 15,000-cr dividend to govt in Feb  

    The board of Hindustan Zinc Ltd (HZL), a Vedanta group firm, is likely to deliberate next month on the issue of Rs 15,000-crore dividend payout to the government for the ongoing fiscal.

    24 Jan 2017, 5.08 pm  |  Source: PTI

  • SBI Life Insurance targets Rs 1 Lakh Cr in assets & managament

    SBI Life Insurance targets Rs 1 Lakh Cr in assets & managament  

    SBI Life Insurance aims to achieve a growth of Rs one lakh crore in its assets and management business towards the end of this year or early next year, a top company official said.

    24 Jan 2017, 4.48 pm  |  Source: PTI

  • BHEL bags Rs 1,360-cr order to set up 6,000 MW power project

    BHEL bags Rs 1,360-cr order to set up 6,000 MW power project  

    State-run power equipment maker BHEL, in association with ABB, has bagged a project worth Rs 1,360 crore from Power Grid Corp.

    24 Jan 2017, 4.48 pm  |  Source: PTI

  • Elecon Engineering elevates JS Patel as CEO of MHE Division

    Elecon Engineering elevates JS Patel as CEO of MHE Division  

    Patel started his career with Elecon Group from 1977 to 1997 as Junior Engineer and rose up to the level of Head of construction and re-joined the group in 2008 as Vice President construction and projects, the company said in a st...

    24 Jan 2017, 4.18 pm  |  Source: PTI

  • ENIL raises Rs 121.8 cr via Commercial Papers

    ENIL raises Rs 121.8 cr via Commercial Papers  

    "The company has on January 24, 2017 issued unsecured Commercial Papers (CPs). The amount raised through issuance of Commercial Papers is Rs 121.8 crore," Entertainment Network (India) Ltd said in a BSE filing.

    24 Jan 2017, 3.58 pm  |  Source: PTI

  • EY, Microsoft partner to develop analytics advisory services

    EY, Microsoft partner to develop analytics advisory services  

    These services will address the requirements of various industry sectors including financial services, life sciences, retail, consumer and packaged goods, and the government and public sector, EY said in a statement here.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • IWAI to raise Rs 1,000 cr in FY`17 via issuance of bonds

    IWAI to raise Rs 1,000 cr in FY'17 via issuance of bonds  

    Chairman Amitabh Verma said that IWAI will raise Rs 1,000 crore from market in February and March 2017 in two tranches of Rs 500 crore each to part fund the expansion of India's inland waterways through government serviced bonds.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • Bharti AXA appoints Srinivasan as its chief executive

    Bharti AXA appoints Srinivasan as its chief executive  

    Sanjeev joined Bharti AXA General Insurance in August last year as chief commercial and principal officer and now takes over the role of CEO & MD, a company statement said.

    24 Jan 2017, 3.56 pm  |  Source: PTI

  • VDeliver raises undisclosed investment; plans expansion

    VDeliver raises undisclosed investment; plans expansion  

    According to a statement issued by VDeliver, the startup has been among the first in the industry to build a technology-focussed logistics business from the ground up in 2011.

    24 Jan 2017, 3.42 pm  |  Source: PTI

  • SEBI moots spot exchange for agri, non-agri commodities

    SEBI moots spot exchange for agri, non-agri commodities  

    There is no spot market for commodities at present following the implosion of the National Spot Exchange Limited (NSEL) over the payment default in 2013.

    24 Jan 2017, 3.32 pm  |  Source: Moneycontrol.com

  • CBDT issues guiding principles on place of effective mgmt of cos

    CBDT issues guiding principles on place of effective mgmt of cos   

    The central board of direct taxes has issued guiding principles to determine place of effective management (POEM) of a company, reports CNBC-TV18. The new guidelines will be applicable from assessment year 2017-18.

    24 Jan 2017, 3.32 pm  |  Source: CNBC-TV18

  • Germany to finance strategic infrastructure projects in India

    Germany to finance strategic infrastructure projects in India  

    "Germany is ready to support India's growth story and become part of India's DNA in key long term strategic projects for India's growth," Matthias Machnig, State Secretary, Federal Ministry of Economic Affairs and Energy, was quot...

    24 Jan 2017, 3.30 pm  |  Source: PTI

  • Cyient to acquire Certon Software Inc

    Cyient to acquire Certon Software Inc  

    According to a release by Cyient, incorporated in 2006, Certon employs a core team of around 45 people, with revenue at the current run-rate of USD 6 million and sustainable low double digit EBITDA margins.

    24 Jan 2017, 3.30 pm  |  Source: PTI

  • SBI General Insurance launches long term 2-wheeler insurance

    SBI General Insurance launches long term 2-wheeler insurance  

    The policy, which will be sold across State Bank of India group branches, offers comprehensive coverage for two- wheelers including damage to vehicle and third party property damage or bodily injury, a company statement said.

    24 Jan 2017, 3.14 pm  |  Source: PTI

  • Kajaria Ceramics expects 5% volume growth in Jan-Mar quarter

    Kajaria Ceramics expects 5% volume growth in Jan-Mar quarter   

    In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.

    24 Jan 2017, 3.04 pm  |  Source: CNBC-TV18

  • SBI Life expects to maintain 39% growth in FY17

    SBI Life expects to maintain 39% growth in FY17  

    Individual new premium income stood at Rs 4,095 crore during the period as against Rs 3,161 crore in the last fiscal.

    24 Jan 2017, 3.00 pm  |  Source: PTI

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