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Business News

  • Goldman Sachs India ECM head PV Krishna leaves firm: IFR

    Goldman Sachs India ECM head PV Krishna leaves firm: IFR  

    Krishna, a Mumbai-based managing director at Goldman, had joined Morgan Stanley in 2011, IFR, a Thomson Reuters publication, said.

    29 Jun 2016, 2.29 pm  |  Source: Reuters

  • Demand for houses is there, just not for expensive ones: HDFC

    Demand for houses is there, just not for expensive ones: HDFC   

    Speaking to CNBC-TV18 Keki Mistry of HDFC said that Seventh Pay Commission will put more money into people's pockets. There will be a demand for white goods, cars, houses as consumption will increase.

    29 Jun 2016, 1.46 pm  |  Source: CNBC-TV18

  • Vedanta logs robust earnings, beats falling commodity prices

    Vedanta logs robust earnings, beats falling commodity prices  

    "Vedanta has produced robust results in a volatile market with relentless focus on cost discipline and improved productivity, leading to strong earnings and record cash flow," Chairman Navin Agarwal said while addressing 51st annu...

    29 Jun 2016, 1.28 pm  |  Source: PTI

  • Need clarity on prospecting process in mining policy: Sandur

    Need clarity on prospecting process in mining policy: Sandur   

    Prospecting is a largescale effort undertaken by explorers to find viable mineral reserves. Nazim Sheikh, Joint Managing Director of Sandur Manganese, said that there is lack of clarity process of appointing a company for prospect...

    29 Jun 2016, 12.56 pm  |  Source: CNBC-TV18

  • Model Shop & Establishment Act gets all-clear

    Model Shop & Establishment Act gets all-clear   

    The move will help bring incremental tax income into the government's kitty and generate employment, says Kumar Rajagopalan of Retailer Association of India.

    29 Jun 2016, 12.51 pm  |  Source: CNBC-TV18

  • Pay hikes to boost demand for white goods, say experts

    Pay hikes to boost demand for white goods, say experts   

    Rakesh Biyani, Director, Future Group, says with substantial cash in hands of the consumer the demand for white goods is sure to go up.

    29 Jun 2016, 12.47 pm  |  Source: CNBC-TV18

  • Neotel deal will be a smooth one for Tata Comm: IDFC

    Neotel deal will be a smooth one for Tata Comm: IDFC  

    If the deal does clear regulatory requirements, it will serve two purposes for Tata; exit from a non-core business, which was part of the divestment strategy set out by Group Chairman Cyrus Mistry and deleveraging of the company‚Ä...

    29 Jun 2016, 12.28 pm  |  Source: Moneycontrol.com

  • RPG Life Sciences eyes extra revenues from new dermatology bet

    RPG Life Sciences eyes extra revenues from new dermatology bet   

    RPG Life Sciences has forayed into the cosmetic dermatology market after joining hands with an Italian cosmetic firm Labo Cosprophar. The MD of the company, CT Renganathan, said the agreement is for the long-term and expects good ...

    29 Jun 2016, 11.47 am  |  Source: CNBC-TV18

  • Suven Life Sciences gets patent for neuro-degenerative drug

    Suven Life Sciences gets patent for neuro-degenerative drug  

    In a BSE filing today, Suven Life said it has been granted "one product patent from Europe and two product patents from Eurasia corresponding to New Chemical Entities (NCEs) for treatment of disorders associated with neuro-degener...

    29 Jun 2016, 11.34 am  |  Source: PTI

  • Piramal Enterprises raises Rs 105 crore via NCDs

    Piramal Enterprises raises Rs 105 crore via NCDs  

    "At the meeting of Administrative Committee held on June 23, 2016, the committee approved allotment of 1,050 secured redeemable NCDs, having the face value of Rs 10,00,000 each aggregating Rs 105 crore under tranche II," Piramal E...

    29 Jun 2016, 11.20 am  |  Source: PTI

  • For Ashok Leyland, it is all about market share

    For Ashok Leyland, it is all about market share   

    For the company, second half of the year will be exceptional on back of expected pre-buys before the implementation of pollution norms like BSIV and Euro4, says Vinod Dasari, MD of Ashok Leyland.

    29 Jun 2016, 10.49 am  |  Source: CNBC-TV18

  • See earnings growing by 17% this fiscal year: Antique

    See earnings growing by 17% this fiscal year: Antique   

    Dhirendra Tiwari, Head of Research at Antique Stock Broking tells CNBC-TV18 he is unfazed by concerns of Brexit hurting the growth of Indian IT companies such as Infosys which have a presence in the UK.

    29 Jun 2016, 10.46 am  |  Source: CNBC-TV18

  • DLF`s rental biz weak, sell-off plan needs clarity: Elara Cap

    DLF's rental biz weak, sell-off plan needs clarity: Elara Cap   

    DLF Group CEO KP Singh will look to retire a part of the company's debt by infusing Rs 10,000 crore via a preferential issue of shares. Adhidev Chattopadhyay of Elara Capital maintained that Rs 10000 crore valuation still remains ...

    29 Jun 2016, 10.39 am  |  Source: CNBC-TV18

  • Tough to gauge real step-up in demand until September: Marico

    Tough to gauge real step-up in demand until September: Marico   

    It is best to take a view on turnaround in demand conditions only around September by which time it will be clear if monsoons have panned out as expected, says Saugata Gupta, MD & CEO of Marico.

    29 Jun 2016, 10.21 am  |  Source: CNBC-TV18

  • Ola to invest Rs 350 crore in Haryana over 5 years

    Ola to invest Rs 350 crore in Haryana over 5 years  

    Taxi hailing app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs in the state with an investment of Rs 350 crore over the period of five years, the company said today.

    29 Jun 2016, 9.44 am  |  Source: PTI

  • Dr Reddy`s completes Rs 1,569.41 cr share buyback

    Dr Reddy's completes Rs 1,569.41 cr share buyback  

    The company has bought back 50,77,504 equity shares at an average price of Rs 3,090.92 per share. The company has thus deployed Rs 1,569.41 crore against the maximum buyback size, Dr Reddy's Laboratories said in a regulatory filin...

    29 Jun 2016, 9.44 am  |  Source: PTI

  • Lendingkart raises Rs 205 cr in Series B funding, led by BII

    Lendingkart raises Rs 205 cr in Series B funding, led by BII  

    "With Bertelsmann India Investments (BII) onboard, we look forward to leveraging its deep understanding of global financial products as well as Internet businesses," Lendingkart Group co-founder and CEO Harshvardhan Lunia said in ...

    29 Jun 2016, 9.42 am  |  Source: PTI

  • JSW Steel plans to raise up to $2 bn from foreign investors

    JSW Steel plans to raise up to $2 bn from foreign investors  

    "The proceeds of the issue will be used for long-term funding to meet the planned capital expenditure and for other corporate purposes, including refinancing of expensive debt to reduce interest costs and to meet any unlikely shor...

    29 Jun 2016, 9.42 am  |  Source: PTI

  • Over $8 bn funding in mobile-based startups in 5 years: Report

    Over $8 bn funding in mobile-based startups in 5 years: Report  

    The highlights of the 'Annual Indian Mobile Ecosystem Report', by News Corp VCCircle showed startups in these four segments are identified as major contributors to driving mobile data consumption.

    29 Jun 2016, 9.34 am  |  Source: PTI

  • Confident of achieving 15% topline growth in FY17: PC Jeweller

    Confident of achieving 15% topline growth in FY17: PC Jeweller   

    Sanjeev Bhatia, CFO, PC Jeweller is confident of achieving 15% topline growth in FY17.

    29 Jun 2016, 9.12 am  |  Source: CNBC-TV18

  • L&T Infotech eyes $125-150 million from its IPO: Srcs

    L&T Infotech eyes $125-150 million from its IPO: Srcs   

    L&T Infotech IPO, which is set to open on July 11 and close on July 13, will have an offer price of around Rs 90 a share, learns CNBC-TV18.

    29 Jun 2016, 9.11 am  |  Source: CNBC-TV18

  • LeEco receives online orders for 61,000 units worth Rs 78.6 cr

    LeEco receives online orders for 61,000 units worth Rs 78.6 cr  

    The company opened sale of its two smartphones, Le 2 and Le Max 2 online and received orders for 61,000 units.

    29 Jun 2016, 8.54 am  |  Source: PTI

  • Union Bank to raise Rs 3,200 cr from share sale

    Union Bank to raise Rs 3,200 cr from share sale  

    FPO or Follow-on Public Offer refers to issuance of shares to all types of public shareholders, while rights issue involves issuance to existing investors. In QIP, placement of shares happens with the qualified institutional inves...

    29 Jun 2016, 8.54 am  |  Source: PTI

  • IL&FS Transport hikes stake in Noida Toll Bridge to 26.37%

    IL&FS Transport hikes stake in Noida Toll Bridge to 26.37%  

    "In order to consolidate investments in road assets, Infrastructure Leasing and Financial Services Ltd, promoter has today transferred its equity stake held in NTBCL comprising 19,00,000 equity shares of Rs 10 each representing 1....

    29 Jun 2016, 8.52 am  |  Source: PTI

  • Bosch to consider share buyback

    Bosch to consider share buyback  

    A meeting of the board of directors of the company will be held on July 1, to consider a proposal for buyback of the company's equity shares, Bosch Ltd said in a regulatory filing.

    29 Jun 2016, 8.52 am  |  Source: PTI

  • PNB cuts fixed deposit rates by up to 0.25%

    PNB cuts fixed deposit rates by up to 0.25%  

    The bank has reduced interest rates on retail term deposits by 0.05-0.25 percent in maturity bucket of 1 year and above, PNB said in a statement.

    29 Jun 2016, 8.36 am  |  Source: PTI

  • Strides Shasun gets shareholders nod for UK unit`s divestment

    Strides Shasun gets shareholders nod for UK unit's divestment  

    In the postal ballot conducted by the company, 43.77 percent of all eligible share holders (other than the promoters) voted on the resolution of divestment of Shasun Pharma Solutions Ltd (CRAMS business), Strides Shasun said in a ...

    29 Jun 2016, 8.14 am  |  Source: PTI

  • SAIF Partners invests $1 mn in YourDOST

    SAIF Partners invests $1 mn in YourDOST  

    "SAIF Partners has invested USD 1 million into the Bengaluru-based venture which offers online counselling and emotional wellness support to users to bolster their mental health," Saif Partner said in a statement.

    29 Jun 2016, 7.56 am  |  Source: PTI

  • Rahul Bajaj still in top gear, says no plan to retire

    Rahul Bajaj still in top gear, says no plan to retire  

    Bajaj Auto chairman's assertion comes amid what can be termed as a season of retirements in India Inc that has seen prolific leaders like ITC boss Y C Deveshwar announcing plans of hanging up their boots.

    29 Jun 2016, 6.48 am  |  Source: PTI

  • Global markets the next frontier for Indian unicorns

    Global markets the next frontier for Indian unicorns  

    The Indian startup scene has exploded in the past few years, what with plenty of billion dollar homegrown companies coming to the fore, but the next challenge they face is a steep one: cracking global markets.

    28 Jun 2016, 11.22 pm  |  Source: Moneycontrol.com

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