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Business News

  • Eros Now announces integration deal with Reliance Jio

    Eros Now announces integration deal with Reliance Jio  

    Thanks to this move, consumers will be able to access Eros Now within the Jio ecosystem while the telecom operator will give Eros Now an opportunity to get new subscribers throughout urban and rural India.

    25 Aug 2016, 10.32 pm  |  Source: Moneycontrol.com

  • Indian startups are lining up for a dash of debt financing

    Indian startups are lining up for a dash of debt financing   

    Naveen Tewari, Co-founder & Chief Executive Officer, Inmobi, suggests every startup go in for a debt round. "Its a cheaper form of capital, if your financials allow for it," he says.

    25 Aug 2016, 10.12 pm  |  Source: CNBC-TV18

  • Why Indian ports are unfazed despite many headwinds

    Why Indian ports are unfazed despite many headwinds   

    Even as the Indian ports sector faces numerous challenges which include low coal imports, there is a big slowdown in global trade on containers and a slowdown in China on bulk exports. The industry is unfazed.

    25 Aug 2016, 9.53 pm  |  Source: CNBC-TV18

  • Rent a tractor on Trringo: M&M kicks off new tech startup

    Rent a tractor on Trringo: M&M kicks off new tech startup  

    Farmers can now rent tractors and agricultural equipment from their homes. Trringo has announced that it will set up 101 custom hiring centres in the state, investing Rs 50 lakh per centre.

    25 Aug 2016, 9.45 pm  |  Source: CNBC-TV18

  • In private labels etailers hope to fashion bigger profits

    In private labels etailers hope to fashion bigger profits  

    For online marketplaces, it is all about profits -- more importantly it is also about cutting costs and expanding margins. And one way to do just that -- earning an extra buck for every product it sells - is by selling private l...

    25 Aug 2016, 9.36 pm  |  Source: Moneycontrol.com

  • Bloomberg acquires Barclays Risk Analytics

    Bloomberg acquires Barclays Risk Analytics  

    The benchmark indices will be co-branded 'Bloomberg Barclays Indices' for an initial period of five years.

    25 Aug 2016, 9.24 pm  |  Source: PTI

  • Welspun fiasco follows yrs of plummeting Egyptian cotton output

    Welspun fiasco follows yrs of plummeting Egyptian cotton output  

    The Cotton Egypt Association lists Welspun as one of just three companies permitted to label its products with the association's "Gold Seal," which was launched earlier this year and is meant to ensure authenticity.

    25 Aug 2016, 9.14 pm  |  Source: Reuters

  • J Kumar-CRTG JV gets LOA for Rs 5,012-cr project from MMRC

    J Kumar-CRTG JV gets LOA for Rs 5,012-cr project from MMRC  

    J Kumar Infraprojects today said Mumbai Metro Rail Corporation Ltd (MMRC) has issued LOA (letter of award) to J Kumar-CRTG's joint venture for Rs 5,012 crore projects.

    25 Aug 2016, 8.52 pm  |  Source: PTI

  • UPI-friendly apps to go live; users to have another option: NPCI

    UPI-friendly apps to go live; users to have another option: NPCI   

    In the next 2-3 days banks will be uploading the UPI-enabled apps on Google Play Store, said AP Hota, MD & CEO, NPCI.

    25 Aug 2016, 8.50 pm  |  Source: CNBC-TV18

  • EMA accepts Mylan, Biocon Trastuzumab biosimilar for review

    EMA accepts Mylan, Biocon Trastuzumab biosimilar for review   

    This is the second biosimilar submission developed by the partnership that has been accepted for review in Europe, global pharma major Mylan and Biocon said in a statement today.

    25 Aug 2016, 8.46 pm  |  Source: PTI

  • DHFL to raise Rs 10,000 cr via NCDs, issue open on Aug 29

    DHFL to raise Rs 10,000 cr via NCDs, issue open on Aug 29  

    The NCD issue of face value of Rs 1,000 each with a base issue size of Rs 2,000 crore and an option to retain oversubscription of up to Rs 8,000 crore aggregating up to Rs 10,000 crore opens on August 29, DHFL said in a statement.

    25 Aug 2016, 8.20 pm  |  Source: PTI

  • Plan to have four SUVs in India in four years: Hyundai

    Plan to have four SUVs in India in four years: Hyundai  

    Hyundai Motor India aims to have four SUV models in its product portfolio in the next four years as it looks to further consolidate its position in the fast-growing segment.

    25 Aug 2016, 7.50 pm  |  Source: PTI

  • Srinivasan, Piramal join Tata Sons as independent directors

    Srinivasan, Piramal join Tata Sons as independent directors  

    Srinivasan was conferred with the JRD Tata Corporate Leadership Award by the All India Management Association for his contribution to leadership and management, and the Jamsetji Tata Lifetime Achievement award by the Indian Societ...

    25 Aug 2016, 7.50 pm  |  Source: PTI

  • Tata Comm expects 40% growth in cloud biz, to build infra

    Tata Comm expects 40% growth in cloud biz, to build infra  

    Eyeing 40 percent annual growth in cloud operations, Tata Communications is planning to set up necessary storage infrastructure in countries of operations to win over local business by addressing its concerns on overseas data sto...

    25 Aug 2016, 6.56 pm  |  Source: PTI

  • Nalco`s Rs 2,835-cr buyback offer to open on Aug 30

    Nalco's Rs 2,835-cr buyback offer to open on Aug 30  

    Aluminium maker Nalco's Rs 2,835 crore offer to buyback 64.43 crore shares will open on August 30.

    25 Aug 2016, 6.56 pm  |  Source: PTI

  • Union Bank to raise Rs 750 cr via Basel III bonds

    Union Bank to raise Rs 750 cr via Basel III bonds  

    Crisil Ratings has assigned 'Crisil AAA/Negative' to the bank's proposed Basel III compliant tier II bonds of Rs 750 crore, it added.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • BoB`s total business takes Rs 90,000-cr hit in 2015-16

    BoB's total business takes Rs 90,000-cr hit in 2015-16  

    While the banking industry saw a loan growth of 9.3 per cent, and 8.6 per cent for deposits during the fiscal, Bank of Baroda's credit growth rate slowed 10.3 per cent and that of deposits decelerated 7 per cent.

    25 Aug 2016, 5.36 pm  |  Source: PTI

  • IIT-B bans 9 startups for revoking, delaying placement offers

    IIT-B bans 9 startups for revoking, delaying placement offers  

    Premier tech school IIT Bombay today blacklisted nine companies including startups like Portea Medical and Chinese firm Johnson Electric from placements for one year as a penalty for a variety of violations like, revoking the offe...

    25 Aug 2016, 5.18 pm  |  Source: PTI

  • UPI takeoff: 21 banks given go-ahead to go live with apps

    UPI takeoff: 21 banks given go-ahead to go live with apps   

    National Payments Corporation Of India (NPCI) has allowed banks to make Unified Payments Interface (UPI)-enabled apps available on the Google Play Store.

    25 Aug 2016, 5.00 pm  |  Source: CNBC-TV18

  • Cairn tax dispute: India has to respond by Nov, says CEO

    Cairn tax dispute: India has to respond by Nov, says CEO  

    Cairn has initiated an international arbitration seeking USD 5.6 billion in compensation from the Indian government in case the retrospective tax demand of Rs 29,047 crore is not quashed.

    25 Aug 2016, 4.56 pm  |  Source: PTI

  • STARTUP CORNER: Razorpay queues up for a berth on the UPI bus

    STARTUP CORNER: Razorpay queues up for a berth on the UPI bus  

    The payment gateway solution startup is in talks with its 50-plus partner banks for enabling transactions with the government's newly-launched Unified Payments Interface.

    25 Aug 2016, 4.30 pm  |  Source: Moneycontrol.com

  • Expect consistent profitability in ferro alloy biz: Sarda Energy

    Expect consistent profitability in ferro alloy biz: Sarda Energy   

    In an interview to CNBC-TV18, Padam Jain, Director and CFO of Sarda Energy & Minerals says that increase in prices in the quarter ended June helped the company boost margins in the ferroy alloy business. Going ahead, he added, the...

    25 Aug 2016, 3.53 pm  |  Source: CNBC-TV18

  • Cable cos bringing own OTT services amid competition: Ind-Ra

    Cable cos bringing own OTT services amid competition: Ind-Ra  

    In broadcasting, OTT is the delivery of audio, video and other media over the Internet, without the need of a cable subscription from a Multiple-System Operator (MSO), who is usually in control of distribution of the content.

    25 Aug 2016, 3.46 pm  |  Source: PTI

  • Airtel upgrades over 9,000 network sites under Open Network

    Airtel upgrades over 9,000 network sites under Open Network  

    "Till date, over 9,000 sites have been upgraded at various locations and over 30,000 existing sites have been optimised by Airtel's network team to resolve network-related issues.

    25 Aug 2016, 3.42 pm  |  Source: PTI

  • US PTO rules in Mylan`s favour, invalidates Teva patents:Natco

    US PTO rules in Mylan's favour, invalidates Teva patents:Natco  

    "US Patent and Trademark Office (PTO) has ruled in favour of Mylan in its "inter partes review (IPR) proceedings and found all claims of two related Copaxone 40mg/mL patents to be unpatentable," Natco Pharma said in a filing to th...

    25 Aug 2016, 3.30 pm  |  Source: PTI

  • IOC to consider issuing bonus shares to shareholders

    IOC to consider issuing bonus shares to shareholders  

    The board of IOC will meet on August 29, "to consider issue of Bonus Shares," the company said in a regulatory filing.

    25 Aug 2016, 3.20 pm  |  Source: PTI

  • Government panel clears GM mustard but hurdles remain: Sources

    Government panel clears GM mustard but hurdles remain: Sources  

    Technical clearance for indigenously developed GM mustard seeds was given on August 11 by the panel of government and independent experts following multiple reviews of crop trial data generated over almost a decade, said two sourc...

    25 Aug 2016, 3.18 pm  |  Source: Reuters

  • Allcargo Logistics announces JV with CCI Logistics

    Allcargo Logistics announces JV with CCI Logistics  

    "As per the agreement reached between the promoters of Allcargo and CCI, Allcargo will hold 62 percent and CCI promoters will hold 38 percent share in the company," Allcargo said in a statement.

    25 Aug 2016, 3.02 pm  |  Source: PTI

  • NearFox raises funds from angel investors

    NearFox raises funds from angel investors  

    The company, which has raised the amount from Globevestor Angel Fund, CoverFox CTO Devendra Rane, GenY Medium Co-founder and Ex-Principal of Ventureast Ravi Jain and Craftsvilla Products VP Arpan Nagdeve among others, will use the...

    25 Aug 2016, 3.02 pm  |  Source: PTI

  • To have petrol option for all models in India by Sep: Mercedes

    To have petrol option for all models in India by Sep: Mercedes  

    The company, which today launched the petrol variant of its best selling SUV in India GLE 400 priced at Rs 74.90 lakh (ex-showroom Delhi), expects sales of the petrol vehicles to go up to 30 percent of its overall sales from the c...

    25 Aug 2016, 3.00 pm  |  Source: PTI

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