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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Business News

  • MF investor T Rowe cuts Flipkart valuation by 4% to $9.9 bn

    MF investor T Rowe cuts Flipkart valuation by 4% to $9.9 bn  

    Close on the heels of an aggressive markdown in Flipkart’s valuation by Morgan Stanley, another mutual fund investor T Rowe Price has trimmed the e-commerce major’s valuation, albeit a marginal 4.4 percent to about USD 9.9 bil...

    18 Jan 2017, 9.27 am  |  Source: Moneycontrol.com

  • Mistry not going quietly, may mount another legal challenge

    Mistry not going quietly, may mount another legal challenge  

    According to a report in The Economic Times, former Tata Sons Chairman Cyrus Mistry shot off an angry letter to his fellow board members a day before N Chandrasekaran was appointed as his successor.

    18 Jan 2017, 8.33 am  |  Source: Moneycontrol.com

  • Hexa to be a litmus test for Tata Motors

    Hexa to be a litmus test for Tata Motors  

    Once bitten, twice shy. The failure to crack the premium segment once earlier notwithstanding, Tata Motors is set to launch yet another deluxe model in a desperate effort to break the jinx.

    18 Jan 2017, 8.14 am  |  Source: Moneycontrol.com

  • Resilient to absorb cost increases from H1B visa reform: Wipro

    Resilient to absorb cost increases from H1B visa reform: Wipro   

    There are many risks to the IT sector and the company needs to respond primarily to the changing customer needs to stay at the top. He feels the Indian IT industry is quite resilient to shocks and Wipro may emerge successful.

    17 Jan 2017, 10.18 pm  |  Source: CNBC-TV18

  • Wadia sends letter to SEBI, raises corporate governance concerns

    Wadia sends letter to SEBI, raises corporate governance concerns  

    In a latest in the Tata versus Mistry tussle, CNBC TV18 learns that Nusli Wadia has sent a fresh letter to market regulator Sebi raising corporate governance concerns on a 10-yer old inter-corporate deposit made by a Tata Steel su...

    17 Jan 2017, 9.51 pm  |  Source: CNBC-TV18

  • Vijaya Bank raises Rs 325 crore via bonds

    Vijaya Bank raises Rs 325 crore via bonds  

    State-owned Vijaya Bank today raised Rs 325 crore through private placement of bonds to fund business growth.

    17 Jan 2017, 8.22 pm  |  Source: PTI

  • Brickwork assigns stable outlook to Tata Chemical Rs 250cr NCD

    Brickwork assigns stable outlook to Tata Chemical Rs 250cr NCD  

    Brickwork Ratings has removed its 'under watch' rating on Tata Chemicals' Rs 250 crore non- convertible debentures and assigned rating with stable outlook, a development that comes days after TCS chief N Chandrasekaran was named n...

    17 Jan 2017, 8.22 pm  |  Source: PTI

  • Cement case:Compat rejects Binani Cement`s plea for relaxation

    Cement case:Compat rejects Binani Cement's plea for relaxation  

    Compat has dismissed the appeal of Binani Cement seeking waiver of the direction to deposit with it 10 percent of the total penalty amount which was imposed by Competition Commission in a cartelisation case.

    17 Jan 2017, 7.42 pm  |  Source: PTI

  • Govt seeks up to $2.2 billion dividend from Hind Zinc: sources

    Govt seeks up to $2.2 billion dividend from Hind Zinc: sources  

    India is seeking a dividend of up to USD2.2 billion from partly state-owned Hindustan Zinc Ltd (HZL), three people with knowledge of the matter said, as New Delhi targets a boom in the base metal to help shore up crumbling public ...

    17 Jan 2017, 7.24 pm  |  Source: Reuters

  • Price war: Voda packs up to four times more data for 4G users

    Price war: Voda packs up to four times more data for 4G users  

    The data tariff war shows no signs of let up, with telecom service provider Vodafone today announcing up to four times more data for 4G customers buying 1 GB and 10 GB packs.

    17 Jan 2017, 7.12 pm  |  Source: PTI

  • AirAsia hopes to turn profitable mid-2018, increase fleet size

    AirAsia hopes to turn profitable mid-2018, increase fleet size   

    As more and more capacity is added, the company's profitability is hit, says Fernandes. He does not feel the company will turn profitable in 2017. However, he feels the company should start making profits by mid-2018.

    17 Jan 2017, 7.09 pm  |  Source: CNBC-TV18

  • Cipla`s influenza drug gets WHO pre-qualification

    Cipla's influenza drug gets WHO pre-qualification  

    The prequalification allows Cipla to participate in procurement tenders of United Nations agencies including UNAIDS and UNICEF.

    17 Jan 2017, 7.07 pm  |  Source: Moneycontrol.com

  • Chandrasekaran appointed Tata Motors chairman

    Chandrasekaran appointed Tata Motors chairman  

    Tata Motors today appointed Tata group chief designate N Chandrasekaran as its Chairman with immediate effect.

    17 Jan 2017, 6.50 pm  |  Source: PTI

  • Healthcare tech VC funding in crosses $5bn: Mercom

    Healthcare tech VC funding in crosses $5bn: Mercom  

    Venture capital (VC) funding, including private equity as well as corporate, rose to USD 5.1 billion in the healthcare IT sector last year through 622 deals, says a report.

    17 Jan 2017, 6.40 pm  |  Source: PTI

  • Domestic air pax traffic up nearly 24% in December 2016

    Domestic air pax traffic up nearly 24% in December 2016  

    Domestic air passenger traffic rose nearly 24 percent in December 2016 to 95.52 lakh from 77.09 lakh registered during the same period of 2015 even as IndiGo continued to deliver poor on time performance besides losing market shar...

    17 Jan 2017, 6.16 pm  |  Source: PTI

  • FPI outflows of USD 11 billion in Oct-Dec being analysed: Sebi

    FPI outflows of USD 11 billion in Oct-Dec being analysed: Sebi  

    The outflow of USD 11 billion of foreign portfolio investment in the October-December quarter is being analysed to assess the extent of impact of demonetisation on the outflows.

    17 Jan 2017, 5.58 pm  |  Source: PTI

  • IT Min asks Qualcomm for innovation on Aadhaar-based payments

    IT Min asks Qualcomm for innovation on Aadhaar-based payments  

    Stating that technical prowess of India's unique identification number is "well accepted" the world over, IT Minister Ravi Shankar Prasad today asked global chip maker Qualcomm to look at innovations around strengthening digit...

    17 Jan 2017, 5.58 pm  |  Source: PTI

  • Yes bank ties up with T-Hub, Anthill for fintech startups

    Yes bank ties up with T-Hub, Anthill for fintech startups  

    Yes Bank today said it has launched 'Yes Fintech', a business accelerator program in collaboration with T-Hub, a startup incubator set up by the Telangana government and Anthill - a speed scaling platform for early growth stage st...

    17 Jan 2017, 5.56 pm  |  Source: PTI

  • Refining biz to drive EBITDA; core projects key for RIL:analysts

    Refining biz to drive EBITDA; core projects key for RIL:analysts  

    In line earnings. Reliance's 3QFY17 EBITDA and net profit were largely in line with our estimates. Slight miss in refining EBITDA was offset by better than expected performance by petrochemical segment. Net profit was helped by pa...

    17 Jan 2017, 5.20 pm  |  Source: Moneycontrol.com

  • ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 cr

    ICICI Pru acquires 8.41% stake in Fino Paytech for Rs 100 cr  

    In a BSE filing, ICICI Prudential said it has "completed the acquisition and obtained necessary approval from insurance sector regulator Irdai".

    17 Jan 2017, 5.18 pm  |  Source: PTI

  • Yes Bank launches customisable savings account

    Yes Bank launches customisable savings account  

    Mid-sized private sector lender Yes Bank today claimed to have launched the industry's first customisable savings account which will protect customers from "unwanted charges" levied in current offerings.

    17 Jan 2017, 5.10 pm  |  Source: PTI

  • Bharti AXA General appoints Sanjeev Srinivasan as MD & CEO

    Bharti AXA General appoints Sanjeev Srinivasan as MD & CEO  

    Srinivasan joined Bharti AXA General Insurance in August 2016 as Chief Commercial and Principal Officer

    17 Jan 2017, 5.05 pm  |  Source: Moneycontrol.com

  • Right promotions prod thrifty consumers into spending: Nielsen

    Right promotions prod thrifty consumers into spending: Nielsen  

    "Today however, shoppers are not limiting their enthusiasm to festivals alone but are also making bulk purchases at events created by retailers around national holidays like Republic Day, Labour Day and Independence Day—we are c...

    17 Jan 2017, 4.57 pm  |  Source: Moneycontrol.com

  • ABG Shipyard in talks with potential buyers

    ABG Shipyard in talks with potential buyers  

    Amid reports that Reliance Defence, Shapoorji Pallonji Group and the UK's Liberty House Group have shown interest in buying ABG Shipyard, the debt-ridden company today said it is in discussions with various firms which may be pros...

    17 Jan 2017, 4.38 pm  |  Source: PTI

  • Tata Power`s renewable energy portfolio reaches 3133MW in FY17

    Tata Power's renewable energy portfolio reaches 3133MW in FY17  

    Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year.

    17 Jan 2017, 4.18 pm  |  Source: PTI

  • ReNew Power secures $390 mn debt funding from ADB

    ReNew Power secures $390 mn debt funding from ADB  

    The proceeds from this ADB investment will be utilized by the company to develop and expand capacities in Andhra Pradesh, Gujarat, Jharkhand, Karnataka, Madhya Pradesh and Telangana.

    17 Jan 2017, 3.56 pm  |  Source: Moneycontrol.com

  • Q3 in line with expectations; Q4 should be better: NIIT Tech

    Q3 in line with expectations; Q4 should be better: NIIT Tech   

    Thakur says the company has witnessed an expansion in margins every quarter and is confident of reaching an exit margin of 17.5 percent by the end of current fiscal.

    17 Jan 2017, 3.54 pm  |  Source: CNBC-TV18

  • Insecticides inks pact with ICAR-IARI to train farmers

    Insecticides inks pact with ICAR-IARI to train farmers  

    The company has "signed a Memorandum of Understanding (MoU) through IIL Foundation with ICAR-IARI (the Indian Agriculture Research Institute, New Delhi), the government's apex agriculture research body, to train farmers and inculc...

    17 Jan 2017, 3.54 pm  |  Source: PTI

  • Renault expects India sales to grow 8% in 2017

    Renault expects India sales to grow 8% in 2017  

    Groupe Renault, which saw a record global sales of 31,82,625 units growing by 13.3 percent in 2016, posted sales growth of 145.6 percent in India last year.

    17 Jan 2017, 3.50 pm  |  Source: PTI

  • ReNew Power secures $390 mn debt funding from ADB

    ReNew Power secures $390 mn debt funding from ADB  

    "This is the first transaction to include in its financing plans funding from ADB as well as Leading Asia's Private Sector Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agenc...

    17 Jan 2017, 3.28 pm  |  Source: PTI

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