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Budget 2017

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Business News

  • JSW Steel, Blackstone in talks to buy stake in Monnet Ispat

    JSW Steel, Blackstone in talks to buy stake in Monnet Ispat  

    Lenders of Monnet Ispat are again in the process of selling majority stake and this time Sajjan Jindal's JSW Steel, Sudhir Maheshwari-led Synergy Capital and global private equity fund Blackstone are in the race for equity in the ...

    19 Jan 2017, 9.38 am  |  Source: Moneycontrol.com

  • India to consider Apple`s proposal of mfg units with open mind

    India to consider Apple's proposal of mfg units with open mind  

    Apple has sought incentives to set up unit in the country. A team of the company will give a presentation on jan 25 to senior officials here.

    19 Jan 2017, 9.10 am  |  Source: PTI

  • Suzuki Motorcycle to export made in India Gixxer to Japan

    Suzuki Motorcycle to export made in India Gixxer to Japan  

    It is for the first time that a model manufactured by Suzuki Motorcycle India Pvt Ltd (SMIPL) is being exported to Japan where its parent company Suzuki Motor Corporation (SMC) is based.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Equity funds add over 43 lakh investor accounts in 2016

    Equity funds add over 43 lakh investor accounts in 2016  

    Investor accounts have been increasing on account of robust contribution from smaller towns.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Kotak Mahindra AMC looks at increasing market share

    Kotak Mahindra AMC looks at increasing market share  

    As of now, the company's total assets under management stands at Rs 87,000 crore in mutual fund and Rs 1,400 crore in portfolio management services in addition to it.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Starbucks launches Teavana speciality teas

    Starbucks launches Teavana speciality teas  

    Last year, Starbucks Chairman and CEO Howard Schultz described India as a "major business opportunity" during his visit here and announced the introduction of speciality teas in the country in 2017.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Droom expects Rs 75 cr revenue in FY`17

    Droom expects Rs 75 cr revenue in FY'17  

    Droom is expected to touch net annual revenues of Rs 60-75 crore by March 2017 with an annualised GMV in the range of INR 2,500-3,000 crore, Droom said in a statement.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Mobme looking to raise up to Rs 130 crore

    Mobme looking to raise up to Rs 130 crore  

    Kalyanasundaram said the company is cash-positive right now and delivering profits every year, but it needs to do the investments keeping in mind the requirements of the future.

    19 Jan 2017, 9.08 am  |  Source: PTI

  • Haryana signs MoU with Patanjali for world herbal forest

    Haryana signs MoU with Patanjali for world herbal forest  

    Speaking on the occasion, the Chief Minister said that World herbal Forest would be developed over an area of about 53,000 acres with the technical and knowledge support of Patanjali Anusandhan Sansthan, an official release said h...

    19 Jan 2017, 9.08 am  |  Source: PTI

  • `Digital transformation can save trillions of dollars in cost`

    'Digital transformation can save trillions of dollars in cost'  

    "More than half of the value that digitalisation offers is in the form of societal benefits. These include net job creation and reduced income inequality, improved health outcomes and fewer accidents, reduced carbon emissions and ...

    19 Jan 2017, 9.04 am  |  Source: PTI

  • Doorkeys.com partners Signature Global to mkt housing projects

    Doorkeys.com partners Signature Global to mkt housing projects  

    Earlier this week, Signature Global, which is into development of affordable homes, has said it would invest Rs 500 crore to develop two housing projects in Gurugram with 2,405 units in a price range of Rs 18-24 lakh. The apartmen...

    19 Jan 2017, 9.04 am  |  Source: PTI

  • CEAMA hails govt`s Rs 10,000 cr electronics manufacturing sop

    CEAMA hails govt's Rs 10,000 cr electronics manufacturing sop  

    According to CEAMA (Consumer Electronics & Appliances Manufacturer Association), the incentive would help realise the Modi government's Make-in-India vision.

    19 Jan 2017, 9.02 am  |  Source: PTI

  • Vodafone SuperNet 4G launched across 17 circles

    Vodafone SuperNet 4G launched across 17 circles  

    "Customers can now enjoy Vodafone SuperNet 4G experience in Kerala, Karnataka, Kolkata, Delhi and NCR, Mumbai, Haryana, UP (east), Gujarat, West Bengal, Rajasthan, Assam, North East, Maharashtra, Tamil Nadu, UP (west), Odisha and ...

    19 Jan 2017, 9.02 am  |  Source: PTI

  • Vodafone launches 4G service in Jaipur

    Vodafone launches 4G service in Jaipur  

    The service is already available in Udaipur, Jodhpur, Kota, Bikaner, Ajmer, Sriganganagar, Alwar and Sikar, Vodafone Rajasthan Business rpt Business head Amit Bedi said.

    19 Jan 2017, 9.00 am  |  Source: PTI

  • Shriram Transport Finance raises Rs 475 cr from bonds

    Shriram Transport Finance raises Rs 475 cr from bonds  

    The company has issued the Senior Secured Notes due 2020 payable in US Dollars with coupon of 8.25 percent amounting to Rs 475 crore, Shriram Transport Finance Company said in a filing on the stock exchanges.

    19 Jan 2017, 9.00 am  |  Source: PTI

  • Automaker GM adapts $1 bn recipe for tough Indian market:Sources

    Automaker GM adapts $1 bn recipe for tough Indian market:Sources  

    GM needs to finalize these moves to turn around its money-losing business in India, where its sales fell by more than a fifth last year to just 28,949 vehicles, taking its market share to below 1 percent.

    19 Jan 2017, 8.53 am  |  Source: Reuters

  • IMF chief cites Indian examples of tech helping women

    IMF chief cites Indian examples of tech helping women  

    Speaking at an WEF session alongside Lagarde, award winning documentary filmmaker Sharmeen Obaid-Chinoy said mobiles have helped a lot women in Pakistan whether for starting their own business or for reporting violence against the...

    19 Jan 2017, 7.42 am  |  Source: PTI

  • FRBM recommendations may find place in Budget

    FRBM recommendations may find place in Budget   

    The FRBM (Fiscal Responsibility and Budget Management) panel is due to submit its report to the Finance Ministry on January 23. This report has recommendations for a new FRBM act.

    18 Jan 2017, 9.47 pm  |  Source: CNBC-TV18

  • PNB to provide technology platform for pilot launch of IPPB

    PNB to provide technology platform for pilot launch of IPPB  

    State-owned Punjab National Bank (PNB) today said it will provide technology platform for pilot launch of India Post Payments Bank (IPPB).

    18 Jan 2017, 9.00 pm  |  Source: PTI

  • Indian SMEs confident of growth, more hiring in future: Study

    Indian SMEs confident of growth, more hiring in future: Study  

    Amongst the businesses surveyed, 48 percent of the small and medium enterprises (SMEs) are positive about the current state, while 62 percent are positive about the future.

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Pharma industry grows 29% to Rs 2.04 lakh cr in 2015-16

    Pharma industry grows 29% to Rs 2.04 lakh cr in 2015-16  

    The country "is one of the largest producers of pharmaceutical products and a leading player in the global generics market, exporting nearly 50 per cent of its production", according to the achievement report of the sector under t...

    18 Jan 2017, 8.48 pm  |  Source: PTI

  • Cipla arm to sell stake in Four M Propack to Shriji Polymers

    Cipla arm to sell stake in Four M Propack to Shriji Polymers  

    Drug major Cipla today said its subsidiary Goldencross Pharma has entered into a pact to sell its entire stake in Four M Propack to Shriji Polymers for a consideration of up to Rs 19.2 crore.

    18 Jan 2017, 8.42 pm  |  Source: PTI

  • India is maybe a decade & a half behind China: S&P Global

    India is maybe a decade & a half behind China: S&P Global   

    Speaking to CNBC-TV18 at Davos, Paul Sheard, Executive VP & Chief Economist, S&P Global said that markets have responded positively to US President-elect Donald Trump. He pencils in 2 hikes by the US Fed Reserve.

    18 Jan 2017, 8.20 pm  |  Source: Moneycontrol.com

  • UK financier renews offer to take over Tata Steel pension plan

    UK financier renews offer to take over Tata Steel pension plan  

    British financier Edi Truell has renewed an offer to take over Tata Steel's giant UK pension scheme in a deal that he says would allow members to keep benefits in full.

    18 Jan 2017, 8.16 pm  |  Source: Reuters

  • CCI clears Sony Pictures deal to buy TEN Sports

    CCI clears Sony Pictures deal to buy TEN Sports  

    Competition Commission has cleared Sony Pictures Networks' proposed purchase of TEN Sports, owned by Zee Entertainment Enterprise.

    18 Jan 2017, 8.14 pm  |  Source: PTI

  • Sugar production down 5% at 10.48 mn tonnes till Jan 15

    Sugar production down 5% at 10.48 mn tonnes till Jan 15  

    Giving state-wise production data, ISMA said sugar output in Maharashtra fell to 31.43 lakh tonnes till January 15 of the 2016-17 marketing year from 43.79 lakh tonnes in the corresponding period of the previous year.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • RMZ takes over 1.25 mn sq ft of Equinox Business Park space

    RMZ takes over 1.25 mn sq ft of Equinox Business Park space  

    The park, which was till now operated by Equinox Realty, the real estate arm of Essar, will now be renamed as RMZ Equinox Business Park, the company said in a statement here.

    18 Jan 2017, 7.44 pm  |  Source: PTI

  • See strong organic growth, no dependence on buys:TCS` Gopinathan

    See strong organic growth, no dependence on buys:TCS' Gopinathan   

    The discussion about about Gopinath becoming the CEO started a week before the announcement was made, he says.

    18 Jan 2017, 7.26 pm  |  Source: CNBC-TV18

  • Aiming to be among top 10 reinsurers in world: GIC Re

    Aiming to be among top 10 reinsurers in world: GIC Re  

    Public sector reinsurer General Insurance Corporation of India (GIC Re) could be among the first general insurers to be listed on the stock exchanges with the Cabinet approving their Initial Public Offering (IPO). In an interview ...

    18 Jan 2017, 7.11 pm  |  Source: Moneycontrol.com

  • Can Tata Motors break the jinx with Hexa?

    Can Tata Motors break the jinx with Hexa?  

    At Rs 11.99 lakh (ex-showroom, Delhi) the seven-seater, five door, premium sports utility vehicle, Hexa is the most expensive in the Tata line up. It has launched with six variants, the top-end model being priced at Rs 17.49 lakh....

    18 Jan 2017, 7.01 pm  |  Source: Moneycontrol.com

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