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Business News

  • Big Deal: Credit Suisse top of the league!

    Big Deal: Credit Suisse top of the league!   

    Credit Suisse has managed to crack maximum number of deals in recent times, ahead of top global investment banks. CNBC-TV18 caught up with the investment banking team of Credit Suisse to find out what driving all the deal activity...

    29 Aug 2016, 9.07 am  |  Source: CNBC-TV18

  • REC to seek shareholder nod on Sept 21 for raising Rs 50,000cr

    REC to seek shareholder nod on Sept 21 for raising Rs 50,000cr  

    In a filing to the BSE, REC said the company can issue via private placement unsecured/secured non-convertible bonds/ debentures up to Rs 50,000 crore during a period of one year from the date of passing of this resolution.

    29 Aug 2016, 8.28 am  |  Source: PTI

  • India, US eye bilateral trade worth $500 bn: Report

    India, US eye bilateral trade worth $500 bn: Report  

    According to a recent joint report by PwC and Indo American Chamber of Commerce (IACC), bilateral relations between India and the US have been cemented further in the last two years with increased issuance of visas, visits by dign...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Adani Enterprises promoters pledge shares

    Adani Enterprises promoters pledge shares  

    With this, the total number of shares pledged by Gautam Adani/Rajesh S Adani (on behalf of S B Adani Family Trust) in Adani Enterprises, have gone up to 10.01 percent of the total share capital, the company said in a disclosure to...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Roadshow in Shanghai to attract Chinese investment in tourism

    Roadshow in Shanghai to attract Chinese investment in tourism  

    "Never was there a more favourable time to invest in India than now with strong macro-economic indicators and the government's commitment to investment facilitation like never before," Tourism Secretary Vinod Zutshi said while add...

    29 Aug 2016, 8.16 am  |  Source: PTI

  • Qatar National Bank gets go-ahead to open branch in India

    Qatar National Bank gets go-ahead to open branch in India  

    The bank, which in June completed the 2.7 billion euro purchase of Turkey's Finansbank, has a presence in more than 30 countries across Europe, the Middle East, Africa and Asia.

    29 Aug 2016, 8.04 am  |  Source: Reuters

  • South Africa`s Blue Label optimistic about India operations

    South Africa's Blue Label optimistic about India operations  

    The company remains optimistic because in the same financial year, it had increased its customer base by 5.4 million to 22.6 million.

    29 Aug 2016, 7.46 am  |  Source: PTI

  • Quiz: How closely did you follow the week`s biz news?

    Quiz: How closely did you follow the week's biz news?  

    Here's a wrap of some big and small newsmakers of the week gone by. Take the quiz to test your business news quotient.

    28 Aug 2016, 7.33 pm  |  Source: Moneycontrol.com

  • V O C Port inks pact with SECI to set up 5 MW solar plant

    V O C Port inks pact with SECI to set up 5 MW solar plant  

    The V O Chidambaranar Port has inked a Memorandum of Understanding with Solar Energy Corporation of India (SECI) to install a 5 MW solar power plant.

    28 Aug 2016, 4.00 pm  |  Source: PTI

  • No reason to hold minority stake in Hindustan Zinc, says Goyal

    No reason to hold minority stake in Hindustan Zinc, says Goyal  

    The government has no "strategic interest" in holding a minority 29.54 percent stake in Hindustan Zinc Ltd (HZL), according to Mines Minister Piyush Goyal.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • New UK Trade Minister Fox to meet Sitharaman tomorrow

    New UK Trade Minister Fox to meet Sitharaman tomorrow  

    Commerce and Industry Minister Nirmala Sitharaman will meet her UK counterpart Liam Fox on Monday to discuss ways to strengthen trade and economic ties between the two countries post Brexit.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • Draft vehicle scrapping policy to be ready in a fortnight

    Draft vehicle scrapping policy to be ready in a fortnight  

    Aiming to scrap nearly 15 lakh heavy vehicles that are more than 15 years old in the first phase, Union Minister Nitin Gadkari has said the draft policy will be ready in a fortnight.

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • LIC to fill posts for 2 MDs; yet to name chairman

    LIC to fill posts for 2 MDs; yet to name chairman  

    State-owned life insurer LIC, which is yet to name a chairman after the incumbent SK Roy in June announced surprise retirement two years ahead of his tenure, is looking at selecting two MDs for which eight EDs have been called for...

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • Maruti continues to rule passenger vehicles segment

    Maruti continues to rule passenger vehicles segment   

    Maruti Suzuki India has maintained its leadership position in the country's passenger vehicle (PV) market in July with seven of its models featuring in the top 10 selling brands last month, including recently launched compact SUV...

    28 Aug 2016, 2.04 pm  |  Source: PTI

  • ONGC hires consultant to assess reserves in GSPC KG gas block

    ONGC hires consultant to assess reserves in GSPC KG gas block  

    State-owned ONGC has hired US-based consultant Ryder Scott to assess natural gas reserves in Gujarat State Petroleum Corp's (GSPC) Deendayal block before deciding to buy a stake in it.

    28 Aug 2016, 1.10 pm  |  Source: PTI

  • FinMin seeks status report on wage revision talks from PSBs

    FinMin seeks status report on wage revision talks from PSBs  

    Keen to close wage negotiations in public sector banks by November 1, 2017, the Finance Ministry has asked the lenders to present status report on salary hike talks with their employee unions.

    28 Aug 2016, 12.22 pm  |  Source: PTI

  • MobiKwik targets profits by April 2018; increases offline play

    MobiKwik targets profits by April 2018; increases offline play  

    Gurgaon-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said.

    28 Aug 2016, 12.22 pm  |  Source: PTI

  • `Bankers should learn to say no when something is not doable`

    'Bankers should learn to say no when something is not doable'  

    Bankers should learn to say no to outside pressures when something is "not doable", Vigilance Commissioner T M Bhasin has said.

    28 Aug 2016, 12.22 pm  |  Source: PTI

  • Govt setting up panel to look into permit,surge pricing issues

    Govt setting up panel to look into permit,surge pricing issues  

    Transport ministry is setting up a high-level committee to look into various issues pertaining to taxi operators, including existing permits and surge pricing by app-based service providers like Ola and Uber.

    28 Aug 2016, 12.22 pm  |  Source: PTI

  • Ceramic tile sector to maintain growth in medium term: Report

    Ceramic tile sector to maintain growth in medium term: Report  

    The ceramic tile industry, which has recorded phenomenal growth through value-added products and geographical reach, has the potential to maintain its momentum in the medium term, a report said here.

    28 Aug 2016, 12.22 pm  |  Source: PTI

  • FSSAI proposes new standards for frozen veggies, jams

    FSSAI proposes new standards for frozen veggies, jams  

    Food regulator FSSAI has proposed new standards for frozen vegetables and processed fruit products, including commonly used canned tomatoes, frozen peas and jams.

    28 Aug 2016, 11.44 am  |  Source: PTI

  • Claris Lifesciences gets USFDA nod for Flumazenil injection

    Claris Lifesciences gets USFDA nod for Flumazenil injection  

    Drug firm Claris Lifesciences has received approval from the US health regulator for generic Flumazenil injection used for reversal of the sedative effects of benzodiazepines in the America market.

    27 Aug 2016, 6.30 pm  |  Source: PTI

  • GMR Infra wins Goa’s Greenfield Mopa Airport for Rs 3300 crore

    GMR Infra wins Goa’s Greenfield Mopa Airport for Rs 3300 crore  

    The concession period for the Greenfield project is 40 years, which can be further extended to another 20 years through a bid process.

    27 Aug 2016, 2.10 pm  |  Source: Moneycontrol.com

  • L&T looks to turn asset-light, eyes Rs 2 trn revenues by FY21

    L&T looks to turn asset-light, eyes Rs 2 trn revenues by FY21  

    Engineering major Larsen and Toubro's outgoing Chairman A M Naik has laid out a five-year road map to become an "asset-light" entity with revenues of Rs 2 lakh crore by 2020-21.

    27 Aug 2016, 1.56 pm  |  Source: PTI

  • Clearer picture on revenue guidance post Q2: Infosys

    Clearer picture on revenue guidance post Q2: Infosys   

    Country's second largest software services firm Infosys today said it will give a clearer picture on its revenue guidance post the September quarter.

    27 Aug 2016, 1.16 pm  |  Source: PTI

  • Brexit chaos erodes Rs 2,300 cr from Tata Motors` Q1 profit

    Brexit chaos erodes Rs 2,300 cr from Tata Motors' Q1 profit  

    As the pound took a beating -- sinking to a 31-year-low following the Brexit vote on June 24 -- the company's cash cow JLR took a 14 percent forex hit at Rs 2,296 crore, offsetting the higher income arising from better volumes, Ta...

    27 Aug 2016, 12.28 pm  |  Source: PTI

  • I-T searches at Himadri Speciality Chemical premises

    I-T searches at Himadri Speciality Chemical premises  

    Himadri manufactures coal tar pitch, chemical oils, carbon black, napthalene, advance carbon, corrosion protection and naphthalene sulphonate.

    27 Aug 2016, 12.28 pm  |  Source: PTI

  • Coal India gets shareholders nod for buyback of 10.89cr shares

    Coal India gets shareholders nod for buyback of 10.89cr shares  

    The Finance Ministry is pushing for buyback of shares by CPSEs. This is being done for two purposes to generate cash for the government and help push up the valuation for any divestment.

    27 Aug 2016, 12.24 pm  |  Source: PTI

  • Foreign seed firms rally behind Monsanto in Indian alliance

    Foreign seed firms rally behind Monsanto in Indian alliance  

    Executives from companies including the local businesses of Monsanto, Bayer, Dow, Dupont Pioneer and Syngenta announced the alliance in a crowded Press Club of India conference room.

    27 Aug 2016, 11.29 am  |  Source: Reuters

  • CCI collected certain biz info, says Eveready

    CCI collected certain biz info, says Eveready  

    Tea-to-batteries major Eveready Industries India today said the additional director general of Competition Commission has collected "certain business related information" but the company is unaware of the purpose.

    26 Aug 2016, 10.22 pm  |  Source: PTI

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