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Business News

  • Trai to launch app to measure mobile internet speed

    Trai to launch app to measure mobile internet speed  

    Telecom regulator Trai said it will launch a mobile application which will help a consumer to measure internet speed on his smartphone and send results to the authority.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • MGL to expand ops; Maharashtra govt profits from IPO listing

    MGL to expand ops; Maharashtra govt profits from IPO listing  

    Mahanagar Gas Ltd (MGL), which listed on the bourses today, will expand its operations to areas around the city, a senior official said.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • US` Reinsurance Group gets initial nod to set up India branch

    US' Reinsurance Group gets initial nod to set up India branch  

    US-based life and health reinsurer Reinsurance Group of America (RGA) has received the first level approval regulator Irdai to set up a branch in the country, a company official said.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • Bajaj Electricals launches new range of kitchen appliances

    Bajaj Electricals launches new range of kitchen appliances  

    Consumer durable maker Bajaj Electricals has launched a new range of premium kitchen appliances under the 'Platini by Bajaj' brand.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • IFC to invest Rs 134 cr in Future Consumer Enterprise

    IFC to invest Rs 134 cr in Future Consumer Enterprise  

    Future Consumer Enterprise Limited (FCEL) today said it would raise Rs 134 crore from the World Bank's investment arm International Finance Corporation (IFC).

    02 Jul 2016, 11.20 am  |  Source: PTI

  • Hike in CNG prices in national capital

    Hike in CNG prices in national capital  

    CNG price in national capital was hiked by 25 paise per kg, Indraprastha Gas Ltd (IGL) announced.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • Mitsubishi to recall 7,725 vehicles in China

    Mitsubishi to recall 7,725 vehicles in China  

    Japanese auto giant Mitsubishi Motors will recall 7,725 imported Pajero vehicles in China due to a potential safety hazard in the air bag system, according to the country's consumer quality watchdog.

    02 Jul 2016, 11.20 am  |  Source: PTI

  • Syndicate Bank plans to raise Rs 4,300 cr

    Syndicate Bank plans to raise Rs 4,300 cr  

    Giving details of its annual general meeting, the bank further said it has also plans to raise Basel-III complaint additional tier-I bonds up to Rs 1,000 crore and tier-II bonds up to Rs 1,600 crore.

    01 Jul 2016, 10.34 pm  |  Source: PTI

  • Centre should go for appeal against HC order on Sun TV: Swamy

    Centre should go for appeal against HC order on Sun TV: Swamy  

    BJP MP Subramanian Swamy has written to Union Home Minister Rajnath Singh making a case for Centre going in for an appeal against the Madras High Court judgement allowing Sun TV network of Maran brothers to participate in private...

    01 Jul 2016, 10.34 pm  |  Source: PTI

  • Jaypee-UltraTech cement sale in limbo as banks invoke SDR

    Jaypee-UltraTech cement sale in limbo as banks invoke SDR  

    With the lenders invoking the strategic debt restructuring (SDR) option against debt-laden Japyee Group earlier this week, sale of its cement business to UltraTech for Rs 15,900 crore has come under a cloud.

    01 Jul 2016, 9.56 pm  |  Source: PTI

  • Vistara to extend its operations from Kolkata

    Vistara to extend its operations from Kolkata  

    The Tata-Singapore joint venture airline Vistara will soon extend its daily flight services from Kolkata, touching some new destinations.

    01 Jul 2016, 9.56 pm  |  Source: PTI

  • SBI sells 5% in NSE, says will continue to divest noncore assets

    SBI sells 5% in NSE, says will continue to divest noncore assets   

    In an interview with CNBC-TV18, Rajnish Kumar, MD, SBI, talked about the bank's decision to sell stake in NSE and what it will do with the funds raised.

    01 Jul 2016, 9.44 pm  |  Source: CNBC-TV18

  • HMSI sales rise 22% to 4,27,384 units in June

    HMSI sales rise 22% to 4,27,384 units in June  

    Honda Motorcycle & Scooter India (HMSI) today reported 22.52 per cent increase in total sales at 4,27,384 units in June.

    01 Jul 2016, 9.32 pm  |  Source: PTI

  • Telcos question TRAI`s rationale behind `Free Data` paper

    Telcos question TRAI's rationale behind 'Free Data' paper  

    The Telecom Regulator Trai’s latest consultation on Free Data has drawn flak from not only India’s top Telecom Operators but also from supporters of the controversial ‘Net Neutrality’ regulation in the country.

    01 Jul 2016, 9.32 pm  |  Source: CNBC-TV18

  • SBI to absorb corporate branches of associates post merger

    SBI to absorb corporate branches of associates post merger  

    SBI on July 1 said the corporate branches of its five associate banks will "fold up" into the parent bank as part of network rationalisation after their merger.

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Jubilant Agri & Consumer Products discontinues SSP production

    Jubilant Agri & Consumer Products discontinues SSP production  

    Jubilant Industries on July 1 said its subsidiary has decided to temporarily discontinue manufacturing of single super phosphate with immediate effect, due to unfavorable market conditions

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Alstom T&D seeks shareholders` nod to change company`s name

    Alstom T&D seeks shareholders' nod to change company's name  

    Alstom T&D India has sought shareholders' approval to change the name of the company to GE T&D India after the takeover of the company by US giant GE

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Now, shop from Flipkart with SBI EMIs

    Now, shop from Flipkart with SBI EMIs  

    State Bank of India tied up with online shopping major Flipkart to offer consumer durables purchase on EMIs to its account holders

    01 Jul 2016, 8.48 pm  |  Source: PTI

  • Spotify hits out at Apple after updated app for iPhones rejected

    Spotify hits out at Apple after updated app for iPhones rejected  

    Spotify confirmed on Friday that it has complained to Apple Inc after the U.S. tech giant rejected an updated app for the Swedish music streaming service on iPhones

    01 Jul 2016, 8.44 pm  |  Source: Reuters

  • Trafigura in talks to buy stake in Essar Oil: Bloomberg

    Trafigura in talks to buy stake in Essar Oil: Bloomberg  

    Commodities trader Trafigura Group Pte is in talks to buy a minority stake in Essar Oil Ltd, which runs India's second biggest private sector refinery, in a deal that could be valued at around USD6.5 billion, Bloomberg reported.

    01 Jul 2016, 8.34 pm  |  Source: Reuters

  • SBI to offer banking services on Facebook, Twitter

    SBI to offer banking services on Facebook, Twitter  

    "Using SBI Mingle, the bank's customers can do a host of banking services on their Facebook or Twitter accounts at their own convenience," the bank said in a press release.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Volkswagen India sales dip marginally to 4,022 units in June

    Volkswagen India sales dip marginally to 4,022 units in June  

    The brand has registered a steady sales performance on the back of successful launches of special edition models like Polo Select and Vento Celeste and a consistent performance of the marquee products like Polo, Vento, Jetta and B...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr

    SBI sells 5% NSE stake to Veracity Investments for Rs 911 cr  

    The bank sold 22.50 lakh equity shares of National Stock Exchange (NSE), priced at Rs 4,050 per unit to Veracity Investments totalling Rs 911.25 crore, SBI said in a regulatory filing.

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • 3% mobile app users in India spend money on in-app purchases

    3% mobile app users in India spend money on in-app purchases  

    The report - based on In-app Purchase (IAP) behaviors of more than 100 million mobile app users across over 1,000 apps - found that, overall, Asian users spend 40 per cent more on in-app purchases than the rest of the world when t...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Strike against merger of SBI associate banks from July 12

    Strike against merger of SBI associate banks from July 12  

    Opposing the merger decision, nearly 45,000 employees in the Associate Banks, with 6,700 branches and 9,000 ATMS, will go on strike on July 12 and 13, since the merger will hit the customers and the business badly, SSBEA General S...

    01 Jul 2016, 7.58 pm  |  Source: PTI

  • Adani plans $1.5 bn copper smelter to boost solar ambitions

    Adani plans $1.5 bn copper smelter to boost solar ambitions  

    Adani Enterprises plans to build a copper smelter with an eye to furthering its ambitions in the solar sector, said a source familiar with the plan

    01 Jul 2016, 7.35 pm  |  Source: Reuters

  • Tata Motors sales up 8% at 44,276 units in June

    Tata Motors sales up 8% at 44,276 units in June  

    Tata Motors reported 8 percent growth in sales at 44,276 units in June.

    01 Jul 2016, 7.08 pm  |  Source: PTI

  • RBI official asks rating agency to be more transparent

    RBI official asks rating agency to be more transparent  

    Rating agencies need to be more transparent in disclosures on stressed companies and assets so that both the lenders as well as asset reconstruction companies can arrive at the right valuation, a senior Reserve Bank official said ...

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • Honda Cars sales plunge 37.93% to 11,407 units in June

    Honda Cars sales plunge 37.93% to 11,407 units in June  

    Honda Cars India Ltd reported a 37.93 percent decline in its domestic sales at 11,407 units in June

    01 Jul 2016, 6.38 pm  |  Source: PTI

  • RIL, SBI sign shareholder agreement for payments bank JV

    RIL, SBI sign shareholder agreement for payments bank JV   

    The primary aim of the payments bank will to digitise payments and promote savings, where RIL will hold 70 percent of the total equity and SBI will have the remaining 30 percent.

    01 Jul 2016, 6.27 pm  |  Source: PTI

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