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Budget 2017

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Business News

  • Indiabulls cuts interest rates for existing customers by 15 bps

    Indiabulls cuts interest rates for existing customers by 15 bps  

    "The new rates will vary according to a customer's existing rate and the contract date and will effectively be in the range of 8.90 percent on the lowest side and to 10.50 percent on the higher side. Still most customers will get ...

    23 Jan 2017, 9.36 am  |  Source: PTI

  • Roca eyes doubling global sales to Rs 2,000 cr in 4 years

    Roca eyes doubling global sales to Rs 2,000 cr in 4 years  

    Besides, the company, which acquired Indian brand Parryware in 2006, expects that exports from Indian unit would grow to new territories such as Australia, Europe and contribute up to 13 percent of its global sales.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Demonetisation puts brakes on Hero`s new plants

    Demonetisation puts brakes on Hero's new plants  

    The Delhi-based maker of popular motorcycles such as Splendor and Passion will fully bring on stream the Rs 1,100 crore Gujarat plant based in Halol later in the year, overshooting its earlier target of third quarter of this finan...

    23 Jan 2017, 9.31 am  |  Source: Moneycontrol.com

  • Ruias may lose Essar Steel to PE investor Farallon: Report

    Ruias may lose Essar Steel to PE investor Farallon: Report  

    Sources told ET that post a deal between lenders and Farallon with the company, the PE investor is likely to acquire 26 percent share in Essar Steel while a consortium of banks led by SBI will get 30 percent.

    23 Jan 2017, 9.30 am  |  Source: Moneycontrol.com

  • Persistent Systems to cut campus hiring to one-fourth in FY18

    Persistent Systems to cut campus hiring to one-fourth in FY18  

    Deshpande explained that campus offers are made nearly a year in advance, before the student passes his course and is ready to join the company. But many-a-time, business environments make companies defer the joining dates.

    23 Jan 2017, 9.30 am  |  Source: PTI

  • Sebi observation on insider trading puts Ratan Tata in the clear

    Sebi observation on insider trading puts Ratan Tata in the clear  

    Following complaints from Cyrus Mistry and Nusli Wadia, the country’s market regulator, observed that sharing price sensitive information with a chairman emeritus does not violate insider trading rules.

    23 Jan 2017, 8.49 am  |  Source: Moneycontrol.com

  • Bajaj drives into Indonesia again,this time pillion-riding KTM

    Bajaj drives into Indonesia again,this time pillion-riding KTM  

    Bajaj Auto that markets and manufactures the premium bike brand KTM, is making a second attempt to enter Indonesia, this time pillion-riding on the number one European bike brand.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Amway enters consumer durables segment with cookware range

    Amway enters consumer durables segment with cookware range  

    The largest direct marketing company Amway India today announced its entry into the consumer durables space with a premium cookware range under the label of Amway Queen.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Tier III cities drove 3-day sale: Amazon India

    Tier III cities drove 3-day sale: Amazon India  

    E-commerce major Amazon India saw significant growth in new customer additions in tier III cities like Virudhunagar, Sambalpur and Kolhapur during its 3-day sale that ended today.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Trump`s `Buy American, hire American` pledge spooks Indian IT

    Trump's 'Buy American, hire American' pledge spooks Indian IT  

    New US President Donald Trump's 'Buy American-hire American' rallying cry has put the $150-billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourci...

    22 Jan 2017, 5.24 pm  |  Source: PTI

  • TRAI may suggest Aadhaar eKYC for outstation mobile users

    TRAI may suggest Aadhaar eKYC for outstation mobile users  

    Telecom regulator TRAI is likely to recommend to the Department of Telecom (DoT) that Aadhaar-based eKYC be allowed even for outstation customers who want to get a mobile connection in a particular service area.

    22 Jan 2017, 4.34 pm  |  Source: PTI

  • Bankruptcy Code to improve ease of doing business: IBBI

    Bankruptcy Code to improve ease of doing business: IBBI  

    Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chai...

    22 Jan 2017, 4.00 pm  |  Source: PTI

  • Tata Motors picks 20 projects to cut costs, improve efficiency

    Tata Motors picks 20 projects to cut costs, improve efficiency  

    In its bid to cut costs and improve efficiency, Tata Motors has initiated around 20 projects covering the entire gamut of the company's businesses, including factories and sales network.

    22 Jan 2017, 1.38 pm  |  Source: PTI

  • Why Singapore is India Inc`s most favoured investment pick

    Why Singapore is India Inc's most favoured investment pick  

    Indian firms' total direct overseas investment increased by 32 percent to USD 2.49 billion in December, with Singapore emerging as the top destination.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Meru ups the ante against Ola & Uber with new services

    Meru ups the ante against Ola & Uber with new services  

    To compete with app-based taxi hailing services such as Ola and Uber, Meru Cabs has restructured its service offering and introduced new cab categories that can be booked through its revamped mobile application Meru Cabs.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Amway India forays into durables, launches premium cookware

    Amway India forays into durables, launches premium cookware  

    Direct selling firm Amway India has forayed into premium cookware range with the launch of its 'Amway Queen' brand, targeting Rs 100 crore revenue from the new category this year.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Toyota expects note ban to take the wind out of its sales

    Toyota expects note ban to take the wind out of its sales  

    Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.

    22 Jan 2017, 11.38 am  |  Source: PTI

  • Steel cos seek removal of import duty, cess on coking coal

    Steel cos seek removal of import duty, cess on coking coal  

    Steel makers like Tata Steel and Visa Steel have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting tepid global demand next year.

    22 Jan 2017, 11.02 am  |  Source: PTI

  • General Motors freezes investments on new products for India

    General Motors freezes investments on new products for India  

    Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio here.

    22 Jan 2017, 10.12 am  |  Source: PTI

  • Tata Comm Netherlands invests in Teleena; holds 35% stake

    Tata Comm Netherlands invests in Teleena; holds 35% stake  

    Tata Communications today said Tata Communications (Netherlands) has made an investment in the Netherlands-headquartered Teleena Holding, becoming the single largest shareholder in the company with 35 per cent stake.

    21 Jan 2017, 5.32 pm  |  Source: PTI

  • Sahara boss` parole costs SEBI over Rs 3 lakh a month

    Sahara boss' parole costs SEBI over Rs 3 lakh a month  

    SEBI has deployed constables to keep tabs on Sahara chief Subrata Roy, who owes the country's market regulator Rs 12,000 crore.

    21 Jan 2017, 3.28 pm  |  Source: Moneycontrol.com

  • Looking for bigger partnership with Cipla: Serum Institute

    Looking for bigger partnership with Cipla: Serum Institute   

    Adar Poonawala, CEO of Serum Institute, believes that a bigger partnership with Cipla will create a big Indian conglomerate. However, he added that the Cipla promoters currently have no plans for a merger and acquisition.

    21 Jan 2017, 2.51 pm  |  Source: CNBC-TV18

  • BSE raises Rs 373 crore from anchor investors

    BSE raises Rs 373 crore from anchor investors  

    Among the anchor investors are Goldman Sachs Asset Management, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Citigroup, IDFC Mutual Fund, DSP Blackrock, Capital World, Reliance Capital Trustee Company and Kuwait Investment Auth...

    21 Jan 2017, 10.00 am  |  Source: PTI

  • CCI penalty to shave off profit of cement cos by 2%: ICRA

    CCI penalty to shave off profit of cement cos by 2%: ICRA  

    The Competition Commission of India's penalty of Rs 206 crore on seven cement companies is likely to shave off "under 2 percent of operating profits" of the players, India Ratings and Research (Ind-Ra) said today.

    20 Jan 2017, 10.02 pm  |  Source: PTI

  • Tata JLR fined 900,000GBP after worker lost leg in UK factory

    Tata JLR fined 900,000GBP after worker lost leg in UK factory  

    Tata Motors-owned Jaguar Land Rover (JLR) was today fined 900,000 pounds after a worker lost his leg in an accident, described as "completely avoidable" by the court, at one of the company's UK factories nearly two years ago.

    20 Jan 2017, 10.00 pm  |  Source: PTI

  • SBI eyes up to $1.5 billion capital raising in next fiscal

    SBI eyes up to $1.5 billion capital raising in next fiscal  

    India's biggest lender by assets, State Bank of India, could tap capital markets next fiscal year to raise up to USD1.5 billion, its chief said on Friday, though it first needs to complete a planned merger with its subsidiary bank...

    20 Jan 2017, 9.54 pm  |  Source: Reuters

  • See no threat from Netflix or Amazon Prime in India: PVR Chief

    See no threat from Netflix or Amazon Prime in India: PVR Chief  

    “Cinema business has been consistently growing in US, which is the most saturated market in the world when it comes to such online video platforms. In the US, they are not building new cinemas. Instead they are reducing cinemas ...

    20 Jan 2017, 9.34 pm  |  Source: Moneycontrol.com

  • In a volte-face, NPCI now asks Flipkart to follow UPI norms

    In a volte-face, NPCI now asks Flipkart to follow UPI norms  

    A day after asking ICICI Bank to give access to Flipkart's e-wallet PhonePe, the RBI-promoted National Payment Corporation (NPCI) did a volte-face today and said it is Flipkart's e-wallet that is in contravention of the intero...

    20 Jan 2017, 9.32 pm  |  Source: PTI

  • Govt infra spending to boost construction sector: ICRA

    Govt infra spending to boost construction sector: ICRA  

    The order book of construction companies is expected to improve with the government awarding sizable infrastructure projects over the last two years and many in the pipeline, rating agency ICRA said.

    20 Jan 2017, 9.32 pm  |  Source: PTI

  • NSDL to shortly seek final RBI go-ahead for payments bank

    NSDL to shortly seek final RBI go-ahead for payments bank  

    "We have complied with all the requirements for the final licence and will be making the final application for the payments bank very soon," Managing Director and Chief Executive GV Nageswara Rao told reporters.

    20 Jan 2017, 9.32 pm  |  Source: PTI

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