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Business News

  • ICEX gets Sebi nod to recommence operations

    ICEX gets Sebi nod to recommence operations  

    Earlier this week, Reliance Capital chairman Anil Ambani had announced that the firm will re-launch its commodity exchange with focus on diamond and crude oil futures. The exchange aims to make diamond futures its flagship product...

    30 Sep 2016, 4.00 pm  |  Source: PTI

  • Consumers to spend Rs 25,000 cr this festive season: Assocham

    Consumers to spend Rs 25,000 cr this festive season: Assocham  

    The festive season starting with Navratri tomorrow is likely to register record sales and highest-ever purchase rate per minute for e-commerce giants as most people deferred their purchasing plans due to 'pitra paksha', the Assoch...

    30 Sep 2016, 3.56 pm  |  Source: PTI

  • Flipkart, Amazon begin pre-orders for Apple iPhone 7 models

    Flipkart, Amazon begin pre-orders for Apple iPhone 7 models  

    Good news for Apple lovers as e-commerce majors Flipkart and Amazon on Friday started pre-orders for the much awaited Apple iPhone 7 & iPhone 7 Plus. Both the smartphones will be officially available in India from October 7.

    30 Sep 2016, 3.54 pm  |  Source: Moneycontrol.com

  • IOC to expand Barauni refinery with Rs 8,287 cr investment

    IOC to expand Barauni refinery with Rs 8,287 cr investment  

    The Board of IOC in its meeting on Thursday approved expansion of Barauni refinery from 6 million tonnes per annum (MTPA) to 9 MTPA.

    30 Sep 2016, 3.48 pm  |  Source: PTI

  • No self-driving cars yet for Brazil, India: Carlos Ghosn

    No self-driving cars yet for Brazil, India: Carlos Ghosn  

    In an unequivocal stab at the "flexible" approaches to mapping and driving rules in countries like Brazil and India, Carlos Ghosn said the futuristic vehicles would remain off the cards there for now.

    30 Sep 2016, 3.36 pm  |  Source: PTI

  • Repco Home Finance to raise Rs 100 crore via bonds

    Repco Home Finance to raise Rs 100 crore via bonds  

    "A meeting of the Securities Allotment Committee of the Board of Directors will be held on October 5, 2016 to consider and approve the private placement of rated, listed, secured, redeemable non-convertible securities in the natur...

    30 Sep 2016, 3.32 pm  |  Source: PTI

  • Cos garner Rs 23,735 crore via NCDs in April-September FY`17

    Cos garner Rs 23,735 crore via NCDs in April-September FY'17  

    The funds have been mobilised for business expansion, support working capital requirements and general corporate purposes.

    30 Sep 2016, 2.42 pm  |  Source: PTI

  • ONGC to invest $5.1 bn in 4 years in east coast oil gas asset

    ONGC to invest $5.1 bn in 4 years in east coast oil gas asset  

    These fields are expected to reach a net peak production of 77,000 barrels per day (bpd) of crude oil and 16.29 million metric standard cubic metres per day (mmscmd) of gas by 2021/22 fiscal year, the company had said earlier.

    30 Sep 2016, 2.40 pm  |  Source: Reuters

  • Cipla gets four USFDA observations for three Goa facilities

    Cipla gets four USFDA observations for three Goa facilities  

    "United States Food and Drug Administration (USFDA) recently concluded audit of our three manufacturing facilities in Goa and has issued four observations across these three facilities," Cipla said in a filing to BSE.

    30 Sep 2016, 2.20 pm  |  Source: PTI

  • Essar Power completes phase I of 120 MW Paradip project

    Essar Power completes phase I of 120 MW Paradip project  

    With this, Essar Power's installed capacity now stands at 4,705 MW, a company release said.

    30 Sep 2016, 2.08 pm  |  Source: PTI

  • Hindustan Copper share sale: Retail buyers bid for 14% so far

    Hindustan Copper share sale: Retail buyers bid for 14% so far  

    The government is selling over 6.47 crore shares at a floor price of Rs 62 a share. Of this, over 5.18 crore shares were offered to institutional investors yesterday.

    30 Sep 2016, 2.08 pm  |  Source: PTI

  • Telcos may spend Rs 40,000cr at spectrum auction: PhillipCap

    Telcos may spend Rs 40,000cr at spectrum auction: PhillipCap   

    Reliance Jio, which is expected to shell out around Rs 9,000 crore at the auction, could have a significant impact on the financial performance of other telcos, Naveen Kulkarni, PhillipCapital says. Third quarter numbers are likel...

    30 Sep 2016, 1.09 pm  |  Source: CNBC-TV18

  • Google to set up Cloud Region in Mumbai

    Google to set up Cloud Region in Mumbai  

    Expected to be live in 2017, the local region in India will help make Google cloud platform services even faster for Indian customers, Google said in a statement.

    30 Sep 2016, 12.50 pm  |  Source: PTI

  • Black money scheme has seen declarations `beyond expectation`

    Black money scheme has seen declarations 'beyond expectation'   

    The response to the government's Income Declaration Scheme (IDS) for black money has been "beyond expectations", DS Saksena, Principal Chief Commissioner of Income-Tax Department, said even as he did not outline any numbers.

    30 Sep 2016, 12.36 pm  |  Source: CNBC-TV18

  • Market potential huge, e-tailers bound to succeed: Nilekani

    Market potential huge, e-tailers bound to succeed: Nilekani  

    "E-commerce businesses are becoming more disciplined about their operations, they are burning less cash, they are improving their customer experience, and this Diwali season will be a very good indication of how the market is grow...

    30 Sep 2016, 12.28 pm  |  Source: PTI

  • Zydus Cadila goes for collaboration for anti-malaria drug

    Zydus Cadila goes for collaboration for anti-malaria drug  

    The aim of the collaboration is to "provide an effective alternative to the current front-line anti-malarial drugs for treatment of uncomplicated P falciparum malaria and artemisinin-based combination therapies (ACTs), which are u...

    30 Sep 2016, 11.58 am  |  Source: PTI

  • Will carry textile business post demerger: Sintex Ind

    Will carry textile business post demerger: Sintex Ind   

    Post demerger, Sintex Industries will predominantly carry the textile and spinning business, Samir Joshipura, Group CEO of Sintex told CNBC-TV18.

    30 Sep 2016, 11.32 am  |  Source: CNBC-TV18

  • Jubilant Pharma raises $300 mn via bonds

    Jubilant Pharma raises $300 mn via bonds  

    "Our material wholly-owned subsidiary, Jubilant Pharma Ltd (JPL), has successfully completed the pricing of its rated unsecured high yield bonds (Notes) at a yield of 4.875 per cent per annum issued at par for USD 300 million matu...

    30 Sep 2016, 11.22 am  |  Source: PTI

  • NTPC`s Green Masala bonds listed at Singapore Stock Exchange

    NTPC's Green Masala bonds listed at Singapore Stock Exchange  

    "NTPC has become the flag bearer for Rupee denominated Indian paper bringing in a new set of investors to meet the financing needs of the Indian Infrastructure sector on listing of INR 2000 crore Green Masala Bonds at Singapore St...

    30 Sep 2016, 10.32 am  |  Source: PTI

  • NHPC in pact with Rajasthan govt, Inox for wind project

    NHPC in pact with Rajasthan govt, Inox for wind project  

    "...a wind power purchase agreement has been singed amongst Rajasthan Government, NHPC Ltd and Inox Ltd on September 28 for 50 mw wind power project in Jaisalmer, Rajasthan," NHPC Ltd said in a filing to BSE.

    30 Sep 2016, 10.30 am  |  Source: PTI

  • Myntra appoints Dipanjan Basu as CFO

    Myntra appoints Dipanjan Basu as CFO  

    Myntra's previous finance chief, Prabhakar Sunder, had quit the company in February and is now with fashion marketplace Voonik as its CFO.

    30 Sep 2016, 9.56 am  |  Source: PTI

  • 63 Moons Tech`s arm signs pact to sell stake in Bourse Africa

    63 Moons Tech's arm signs pact to sell stake in Bourse Africa  

    In a BSE filing, the company said, "Our subsidiary FT Group Investments Pvt Ltd (FTGIPL) Mauritius has entered into an amended SPA (Share Purchase Agreement) with CAHL for sale of its 100 percent stake in Bourse Africa Ltd (BAL), ...

    30 Sep 2016, 9.56 am  |  Source: PTI

  • Ford appoints Rajendra `Raj` Rao as CEO of subsidiary

    Ford appoints Rajendra 'Raj' Rao as CEO of subsidiary  

    In March this year, Ford Motor Company had announced creation of Ford Smart Mobility LLC to design, build, grow and invest in emerging mobility services.

    30 Sep 2016, 9.52 am  |  Source: PTI

  • R Subramania Kumar appointed ED of Indian Overseas Bank

    R Subramania Kumar appointed ED of Indian Overseas Bank  

    "The Central Government appointed R Subramania Kumar, Executive Director, Indian Bank as Executive Director, Indian Overseas Bank with effect from his taking over the charge of the Indian Overseas Bank and up to January 21, 2019 o...

    30 Sep 2016, 9.52 am  |  Source: PTI

  • Corporation Bank fixes MCLR at 9.05 - 9.5%

    Corporation Bank fixes MCLR at 9.05 - 9.5%  

    Bank's tenor based marginal cost of funds based lending rate (MCLR) for all new rupee loans and advances including renewables with effect from October 1 will be in range of 9.05 to 9.5 per cent, it said in a filing.

    30 Sep 2016, 7.44 am  |  Source: PTI

  • Metro`s 10 Trip Card for Airport Line commuters from October 1

    Metro's 10 Trip Card for Airport Line commuters from October 1  

    The validity of the 10 Trip Card (10-T card) will be for 15 days and the facility will be applicable on a trial basis for three months, DMRC said.

    30 Sep 2016, 7.44 am  |  Source: PTI

  • Young Turks: Startup action in 100 seconds

    Young Turks: Startup action in 100 seconds   

    It's now time for your daily dose of what's happening in the world of startups on Young Turks Startup Tracker and CNBC-TV18’s Shruti Mishra brings you up to speed in just 100 seconds.

    29 Sep 2016, 10.00 pm  |  Source: CNBC-TV18

  • More insurance cos are likely to hit Dalal Street: Zia Mody

    More insurance cos are likely to hit Dalal Street: Zia Mody   

    Speaking to CNBC-TV18, Zia Mody of AZB Partners said while IPOs are likely, any consolidation in the sector is unlikely. Some mega merger deals are likely in the near term, according to Mody.

    29 Sep 2016, 9.54 pm  |  Source: CNBC-TV18

  • InvITs may help unlock $ 5-7 billion from assets in roads, power

    InvITs may help unlock $ 5-7 billion from assets in roads, power  

    According to the report by FICCI-Centrum, in the next couple of years, infrastructure investment trusts (InvITs) are slated to pick up and have the potential of unlocking USD 5-7 billion from assets primarily in the roads, transmi...

    29 Sep 2016, 9.38 pm  |  Source: PTI

  • UBHL gets nod to buy Rs 150 crore goods from UBL

    UBHL gets nod to buy Rs 150 crore goods from UBL  

    The shareholders of the company at its Annual General Meeting (AGM) passed the resolution for "contract with UBL in respect of purchase of goods and material from them (including purchase of beer)," UBHL informed the BSE.

    29 Sep 2016, 9.26 pm  |  Source: PTI

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