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  • Fortis partners with Excelity for payroll administration

    Fortis partners with Excelity for payroll administration  

    As part of this strategic engagement, Excelity would manage payroll and benefits for over 22,000 colleagues within Fortis Healthcare and other group companies.

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Vishal Sikka says `malicious stories` being spread to target him

    Vishal Sikka says 'malicious stories' being spread to target him  

    In a letter to employees, Infosys chief executive Vishal Sikka lashed out at detractors for spreading "false and malicious" stories about the company and said they were "designed" to target him to the "point of harassment".

    21 Feb 2017, 7.40 am  |  Source: PTI

  • Capped stent prices include 8% trade margin, says regulator

    Capped stent prices include 8% trade margin, says regulator    

    Data put out earlier by NPPA pointed out that distributors had trade margins between 13 and 196 percent for sale of stents to hospitals, while hospitals enjoyed a margin between 11 percent and 650 percent on sales to patients.

    20 Feb 2017, 9.44 pm  |  Source: Moneycontrol.com

  • Along with Tata Sons N Chandrasekaran to be TCS Chairman as well

    Along with Tata Sons N Chandrasekaran to be TCS Chairman as well  

    Tata Sons Chairman-designate Natarajan Chandrasekaran will also hold the chairmanship of the group's crown jewel Tata Consultancy Services from Tuesday.

    20 Feb 2017, 9.44 pm  |  Source: PTI

  • Sun Pharma opens first production unit in Egypt

    Sun Pharma opens first production unit in Egypt  

    Sun Pharma's first production unit in Egypt involving a total investment of USD 12.5 million was today inaugurated, signalling growing bussines ties between India and the key Middle East nation.

    20 Feb 2017, 9.44 pm  |  Source: PTI

  • Goldman unit launches up to $82 mn block deal in Max Financial

    Goldman unit launches up to $82 mn block deal in Max Financial  

    A unit of Goldman Sachs has launched a block deal to sell up to USD82.1 million worth of shares in Max Financial Services Ltd with an upsize option of USD41.1 million, a deal term sheet showed on Monday.

    20 Feb 2017, 9.04 pm  |  Source: Reuters

  • India, EU discuss long pending free trade agreement

    India, EU discuss long pending free trade agreement  

    India and European Union (EU) today discussed the possibility of accelerating the negotiation process of the proposed free trade agreement, which has been pending since long.

    20 Feb 2017, 8.46 pm  |  Source: PTI

  • Nestle looks to diversify into premium coffee, cereals

    Nestle looks to diversify into premium coffee, cereals  

    Out of Maggi crisis, FMCG firm Nestle India, is looking to diversify into new segments like premium coffee business, pet care, skin health and cereals while it looks at 2017 as a "year of aggression".

    20 Feb 2017, 8.26 pm  |  Source: PTI

  • India discusses visa, IPR issues with US lawmakers

    India discusses visa, IPR issues with US lawmakers  

    India today discussed several issues, including proposed restrictions on American work visa and intellectual property rights (IPRs), with the visiting US lawmakers.

    20 Feb 2017, 8.14 pm  |  Source: PTI

  • Jet Airways offers assured additional JPMiles

    Jet Airways offers assured additional JPMiles  

    Jet Airways, which runs the largest frequent flyer programme in the domestic aviation sector called JPMiles, with 5.5 million customers, today announced a bonus loyalty scheme offering an assured 1,500 JPMiles for every passenger.

    20 Feb 2017, 8.14 pm  |  Source: PTI

  • Punj Lloyd wins Rs 348 crore pipeline, tankage contracts

    Punj Lloyd wins Rs 348 crore pipeline, tankage contracts  

    Infrastructure company Punj Lloyd today said it has won Rs 348 crore projects, including Rs 139 crores order from Adani and Rs 209 crore pipeline contract from Mumbai Port Trust.

    20 Feb 2017, 7.50 pm  |  Source: PTI

  • TCS names V Ramakrishnan as CFO

    TCS names V Ramakrishnan as CFO  

    India's largest software services firm Tata Consultancy Services (TCS) today appointed V Ramakrishnan as Chief Financial Officer.

    20 Feb 2017, 7.38 pm  |  Source: PTI

  • Housing sales fall 31%, launches dip 40% in Dec quarter: Report

    Housing sales fall 31%, launches dip 40% in Dec quarter: Report  

    The stock of unsold houses however fell marginally by 1 per cent to 4,53,592 units in Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru and Chennai from 4,59,067 units in the previous quarter, said PropEquity, a real est...

    20 Feb 2017, 7.28 pm  |  Source: PTI

  • Infosys divide: Vishal Sikka in a letter refutes whistleblower allegations

    Infosys divide: Vishal Sikka in a letter refutes whistleblower allegations  

    Infosys CEO Vishal Sikka wrote a letter to his employees in which he said that these speculations and fabrications are clearly designed to tarnish the company's reputation.

    20 Feb 2017, 7.09 pm  |  Source: Moneycontrol.com

  • Siemens Ltd, Siemens Rail win Rs 287crore Nagpur metro order

    Siemens Ltd, Siemens Rail win Rs 287crore Nagpur metro order  

    Siemens Ltd today said it along with another firm has bagged a Rs 287-crore order from Nagpur Metro Rail Corp to supply signalling technology for the first two lines - North-South and East-West corridors - of the proejct.

    20 Feb 2017, 7.08 pm  |  Source: PTI

  • FYI: Here`s why TCS is buying back shares

    FYI: Here's why TCS is buying back shares  

    Everything you wanted to know about a share buyback.

    20 Feb 2017, 6.55 pm  |  Source: Moneycontrol.com

  • Jio, Uber forge a strategic partnership

    Jio, Uber forge a strategic partnership  

    Reliance Jio today announced a strategic partnership with cab aggregator Uber, which will start with allowing users to pay for their rides through a prepaid wallet launched by the telco's parent company, Reliance Industries.

    20 Feb 2017, 6.48 pm  |  Source: PTI

  • JSPL to commission Angul blast furnace by April: CEO

    JSPL to commission Angul blast furnace by April: CEO  

    Jindal Steel & Power (JSPL) will commission the blast furnace at Angul, Odisha by early April to add an additional 3.5 million tonnes capacity, its Managing Director and CEO Ravi Uppal said.

    20 Feb 2017, 6.48 pm  |  Source: PTI

  • Rosneft-led group to complete Essar acquisition next month: Srcs

    Rosneft-led group to complete Essar acquisition next month: Srcs  

    A consortium led by Russian oil major Rosneft plans to finally complete its USD 12.9 billion acquisition of India's Essar Oil next month, two Russian sources close to the deal told Reuters.

    20 Feb 2017, 6.45 pm  |  Source: Reuters

  • Took Rs 100 cr hit on account of demonetisation: Nestle

    Took Rs 100 cr hit on account of demonetisation: Nestle  

    FMCG major Nestle today said it has taken Rs 100 crore hit on sales due to demonetisation and the sector will take another six months to overcome the impact of the government's move to scarp old high value notes.

    20 Feb 2017, 6.42 pm  |  Source: PTI

  • Irdai to form actuary panels for life, general insurers

    Irdai to form actuary panels for life, general insurers  

    The panel would be required to give an opinion on products filed by an insurer. Further, the regulator may ask any actuary panel to investigate financial position of any insurer or to give an opinion on valuation.

    20 Feb 2017, 6.22 pm  |  Source: PTI

  • Deposit 14% interest on 39 home buyers` money: SC to Unitech

    Deposit 14% interest on 39 home buyers' money: SC to Unitech  

    Slapping a penalty on Unitech Resorts for delaying handing over of flats, the Supreme Court today directed it to deposit 14 per cent interest on Rs 16.55 crore invested by 39 home buyers with it.

    20 Feb 2017, 6.22 pm  |  Source: PTI

  • India`s wheat imports to slow on fumigation rule change

    India's wheat imports to slow on fumigation rule change  

    India's wheat imports from Russia, France and Ukraine could come to a halt after March, as New Delhi has asked exporters to fumigate their cargoes with methyl bromide, an insect control gas banned in Europe and the Black Sea regio...

    20 Feb 2017, 6.03 pm  |  Source: Reuters

  • Canara Bank`s Rs 1,124 cr rights issue to open on March 2

    Canara Bank's Rs 1,124 cr rights issue to open on March 2  

    The bank will issue over 5,42,99,105 equity shares of face value of Rs 10 each for cash at Rs 207 per scrip (including a premium) for an aggregate amount of up to Rs 1,123.99 crore to the existing investors.

    20 Feb 2017, 5.40 pm  |  Source: PTI

  • GrabOnRent to raise $5 million in Series A funding

    GrabOnRent to raise $5 million in Series A funding  

    GrabOnRent, an online product rental service, today said it plans to raise USD five million in series A funding to fuel expansion plans.

    20 Feb 2017, 5.40 pm  |  Source: PTI

  • Industry has missed opportunity on emission norms: Rajiv Bajaj

    Industry has missed opportunity on emission norms: Rajiv Bajaj   

    As part of a new emissions regime, automakers are expected to roll out compliant vehicles from April 1. But the deadline has the industry divided.

    20 Feb 2017, 5.30 pm  |  Source: CNBC-TV18

  • M K Bhattacharya takes over as Indian Bank, ED

    M K Bhattacharya takes over as Indian Bank, ED  

    Public sector Indian Bank today announced the appointment of M K Bhattacharya as its Executive Director with immediate effect.

    20 Feb 2017, 5.30 pm  |  Source: PTI

  • Panasonic eyes 35% growth in air conditioner sales

    Panasonic eyes 35% growth in air conditioner sales  

    Consumer electronics major Panasonic India has launched a top-end air conditioner with radiant cooling system and is also looking at 30-35 percent sales growth next fiscal in the overall AC segment.

    20 Feb 2017, 5.30 pm  |  Source: PTI

  • Profitable growth, not market share the aim:L&T Fin`s Deosthalee

    Profitable growth, not market share the aim:L&T Fin's Deosthalee  

    L&T Finance Holdings will continue to shed its non-core product lines and focus on those where it has a competitive advantage as it aims for an 18 percent return on equity (RoE) by 2020, non-executive Chairman YM Deosthalee said i...

    20 Feb 2017, 5.27 pm  |  Source: Moneycontrol.com

  • Eveready may look at PE investment to scale up packet tea biz

    Eveready may look at PE investment to scale up packet tea biz   

    Eveready may spin off its packet tea business into a 100 percent subsidiary as the board has approved the reorganisation.

    20 Feb 2017, 4.57 pm  |  Source: CNBC-TV18

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