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  • Fitch Affirms India`s NHPC at `BBB-`; withdraws Ratings

    Fitch Affirms India's NHPC at 'BBB-'; withdraws Ratings  

    Fitch Ratings has affirmed state-run hydro power producer NHPC the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with stable outlook -- reflecting its robust operating and financial profile.

    27 Feb 2017, 10.20 pm  |  Source: PTI

  • Need to keep pace with industry on tech upgradation: Sun Pharma

    Need to keep pace with industry on tech upgradation: Sun Pharma   

    The 2-day Indian Pharma Alliance Conference concluded on Friday and speaking at the conference, Founder and MD of Sun Pharma, Dilip Shanghvi as well as Pankaj Patel of Zydus Cadila say that efforts are underway to meet global qual...

    27 Feb 2017, 10.02 pm  |  Source: CNBC-TV18

  • Amansa sells 2.56% stake in Cholamandalam for Rs 388 crore

    Amansa sells 2.56% stake in Cholamandalam for Rs 388 crore  

    Foreign fund Amansa Holdings today offloaded its entire 2.56 per cent stake in Cholamandalam Investment and Finance Company for a little over Rs 388 crore through an open market transaction.

    27 Feb 2017, 9.24 pm  |  Source: PTI

  • Canara HSBC OBC Life Insurance launches iSelect term plan

    Canara HSBC OBC Life Insurance launches iSelect term plan  

    Canara HSBC Oriental Bank of Commerce Life Insurance today expanded its online product suit with the launch of iSelect term plan meant for family protection.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • Welspun Enterprises` Rs 270 cr buyback offer to open on Mar 3

    Welspun Enterprises' Rs 270 cr buyback offer to open on Mar 3  

    Welspun Enterprises, part of USD 2.3 billion Welspun Group, had earlier announced plans to buy back up to 25 percent of its share capital.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • BSNL to sign pact with Nokia on 5G, IoT applications

    BSNL to sign pact with Nokia on 5G, IoT applications  

    State-owned Bharat Sanchar Nigam Ltd is all set to sign a memorandum of understanding with Nokia in the areas of 5G and Internet of Things (IoT).

    27 Feb 2017, 9.14 pm  |  Source: PTI

  • Tata Comm, HPE to build world`s largest IoT network in India

    Tata Comm, HPE to build world's largest IoT network in India  

    Hewlett Packard Enterprise (HPE) today said it is working with Tata Communications to support the roll-out of India's first LoRaWAN-based network.

    27 Feb 2017, 8.40 pm  |  Source: PTI

  • India firms fear lingering economic aftershocks from cash ban

    India firms fear lingering economic aftershocks from cash ban  

    Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers.

    27 Feb 2017, 8.36 pm  |  Source: Reuters

  • Tata Sons, DoCoMo may announce truce in $1.17 bn dispute: Srcs

    Tata Sons, DoCoMo may announce truce in $1.17 bn dispute: Srcs   

    Sources have told CNBC-TV18 that the new regime at Tata Sons under N Chandrasekaran may opt for an out-of-court settlement with the Japanese telecom giant.

    27 Feb 2017, 8.30 pm  |  Source: CNBC-TV18

  • Varun Beverages raises Rs 300 cr via debentures

    Varun Beverages raises Rs 300 cr via debentures  

    PepsiCo's bottler Varun Beverages today said it has raised Rs 300 crore by issuing non-convertible debentures (NCD) to RBL Bank and Kotak Mahindra Bank on private placement basis.

    27 Feb 2017, 8.02 pm  |  Source: PTI

  • LIC agents to go digital; to get PoS for premium collection

    LIC agents to go digital; to get PoS for premium collection  

    "As part of the strategy for the less cash economy, LIC is also gearing up for providing PoS machines to its few lakhs active agents initially so that premium collection can be done in digitally," a senior official said.

    27 Feb 2017, 8.00 pm  |  Source: PTI

  • Young Turks: The start-up struggle

    Young Turks: The start-up struggle   

    India's start-up ecosystem in is a state of flux, Snapdeal is handing out pink slips and many companies are seeing write-downs. What does the future hold? To discuss this, Arun Sarin, Former Global CEO of Vodafone and now an angel...

    27 Feb 2017, 7.26 pm  |  Source: CNBC-TV18

  • Have few solid operators, encourage consolidation: Mittal

    Have few solid operators, encourage consolidation: Mittal  

    Most regulators still live in "analogue world", India's telecom tycoon Sunil Bharti Mittal said on Monday, nudging them to allow consolidation.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • ICRA upgrades rating outlook of APSEZ to stable

    ICRA upgrades rating outlook of APSEZ to stable  

    ICRA today said it has upgraded rating outlook of Adani Ports and Special Economic Zone (APSEZ) from 'negative' to 'stable' and reaffirmed long term rating at AA+.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • Air India keeping options `open` for 5 wide-body aircraft

    Air India keeping options 'open' for 5 wide-body aircraft  

    Airbus is likely to give a detailed presentation on the performance of its wide-body products including A350 to Air India on March 8.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • Protesting Ola, Uber cab drivers seek Gadkari`s intervention

    Protesting Ola, Uber cab drivers seek Gadkari's intervention  

    Over one lakh drivers attached to two cab aggregators, who began an indefinite strike here from February 22 demanding better incentives and stopping attachment of new cabs, today sought Union Transport Minister Nitin Gadkari's int...

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • Itzcash invests in fintech company Finly

    Itzcash invests in fintech company Finly  

    Payments company Itzcash today said it has invested undisclosed sum in an expense management startup, Finly, eyeing what it pegged as a USD 25-billion opportunity.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • Surya Roshni to invest Rs 50 crore in LED R&D segment in 2 years

    Surya Roshni to invest Rs 50 crore in LED R&D segment in 2 years  

    Surya Roshni, a leading brand in lighting and steel pipe products, today said it is investing Rs 50 crore in R&D for LED products in two years.

    27 Feb 2017, 7.26 pm  |  Source: PTI

  • Will challenge TRAI`s clean chit to Jio offers: Vodafone

    Will challenge TRAI's clean chit to Jio offers: Vodafone  

    The new entrant in the telecom sector, Reliance Jio, said the two orders of TRAI have been challenged by Idea and Airtel before the Telecom Disputes Settlement Appellate Tribunal (TDSAT).

    27 Feb 2017, 7.24 pm  |  Source: PTI

  • P5 Asia to sell 3.3% stake in Idea for $190 mn on Tuesday: Srcs

    P5 Asia to sell 3.3% stake in Idea for $190 mn on Tuesday: Srcs  

    P5 Asia Investments, investment arm of PE firm Providence, has launched a book to sell Idea Cellular shares of upto USD 190 million, sources with direct knowledge said.

    27 Feb 2017, 7.24 pm  |  Source: Moneycontrol.com

  • LIC`s total premium income up 12% in nine months of FY17

    LIC's total premium income up 12% in nine months of FY17   

    LIC posted a robust growth of 12.43 percent in the total premium income at Rs 1.45 trillion for the first nine months of the current fiscal ended December 31, 2016 from Rs 1.29 trillion in the corresponding period a year ago.

    27 Feb 2017, 7.24 pm  |  Source: PTI

  • Railways partners with India Post in parcel business

    Railways partners with India Post in parcel business  

    The Railways will now provide space to postal department and private players to ferry their parcels in the guard's compartment of some selected trains.

    27 Feb 2017, 7.22 pm  |  Source: PTI

  • Cadila scouts for acquisitions, bets on US specialty biz

    Cadila scouts for acquisitions, bets on US specialty biz  

    The company said the ramping up of its specialty portfolio would initially focus on acquisitions, as developing a product would take around three years.

    27 Feb 2017, 6.32 pm  |  Source: Moneycontrol.com

  • Move to invest in equities over & beyond limit an exception: LIC

    Move to invest in equities over & beyond limit an exception: LIC  

    Earlier this month, the government divested 2 percent of its stake held in ITC held through the Specified Undertaking of the Unit Trust of India (SUUTI). LIC bought this 2 percent taking its overall shareholding to 16.32 percent.

    27 Feb 2017, 5.57 pm  |  Source: Moneycontrol.com

  • Pininfarina,Hybrid Kinetic ink 65mn euro pact for electric car

    Pininfarina,Hybrid Kinetic ink 65mn euro pact for electric car  

    Mahindra group-owned automotive design firm Pininfarina has inked a pact worth 65 million euros (around Rs 460 crore) with Hong-Kong listed Hybrid Kinetic Group for developing an electric car.

    27 Feb 2017, 5.54 pm  |  Source: PTI

  • Goodbox to raise next round of funds in over 2 months: CEO

    Goodbox to raise next round of funds in over 2 months: CEO  

    Mobile commerce app Goodbox today said it will be raising more than Rs 16.5 crore (USD 2.5 million) in a little over two months in the next round after seeing a great traction due to sharp increase in mini apps signed in by me...

    27 Feb 2017, 5.54 pm  |  Source: PTI

  • ONGC may have to shell out at least Rs 44,000 cr  for HPCL deal

    ONGC may have to shell out at least Rs 44,000 cr for HPCL deal  

    The cash outgo will go towards acquiring the government holding as well as buying an additional 26 percent stake in HPCL via an open offer.

    27 Feb 2017, 5.23 pm  |  Source: Moneycontrol.com

  • EXCLUSIVE: Edelweiss to bid afresh for bank licence, sell commodities unit

    EXCLUSIVE: Edelweiss to bid afresh for bank licence, sell commodities unit  

    Edelweiss Financial Services, a diversified financial services conglomerate, is in the process of selling its entire commodities business as it intends to make a fresh bid at getting a banking licence.

    27 Feb 2017, 5.14 pm  |  Source: Moneycontrol.com

  • LIC profits soar to Rs 16,000 cr in first 9 months of FY17

    LIC profits soar to Rs 16,000 cr in first 9 months of FY17  

    V K Sharma, chairman, LIC said that they are a contrarian player in the markets. He added that equity usually forms 12 percent of their total investable assets.

    27 Feb 2017, 4.48 pm  |  Source: Moneycontrol.com

  • COMMENT: An ONGC-HPCL merger would give India heft in global M&A scene

    COMMENT: An ONGC-HPCL merger would give India heft in global M&A scene  

    Jaitley, in his Budget speech, had spoken of creating ‘oil majors’ which would be able to match the performance of international and domestic private sector oil and gas companies.

    27 Feb 2017, 4.40 pm  |  Source: Moneycontrol.com

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