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  • DLF promoters expects to sign Rs 12,000cr stake sale deal by Oct

    DLF promoters expects to sign Rs 12,000cr stake sale deal by Oct  

    Last October, DLF had announced that its promoters would sell 40 percent stake in DLF Cyber City Developers (DCCDL).

    31 Aug 2016, 9.18 am  |  Source: PTI

  • Grasim Industries to raise up to Rs 2,000 cr via pvt placement

    Grasim Industries to raise up to Rs 2,000 cr via pvt placement  

    The Aditya Birla Group firm will present the proposal to its shareholders at the Annual General Meeting (AGM) scheduled next month, it said in a regulatory filing.

    31 Aug 2016, 9.18 am  |  Source: PTI

  • LeEco follows Xiaomi, to assemble smartphones in India

    LeEco follows Xiaomi, to assemble smartphones in India  

    Set up in partnership with Compal Electronics, the facility in Greater Noida will have an initial capacity of 60,000 units a month. This will be ramped up to 2,00,000 by the end of December.

    31 Aug 2016, 9.18 am  |  Source: PTI

  • Tata Capital, CII partner to provide easy credit to SMEs

    Tata Capital, CII partner to provide easy credit to SMEs  

    "Tata Capital, the financial services arm of the Tata Group, signed a MoU with Confederation of Indian Industry (CII) to partner with them in the SME Finance Facilitation Centre initiative," Tata Capital said in a release.

    31 Aug 2016, 9.16 am  |  Source: PTI

  • MSI may advance 2nd phase of capacity expansion at Guj plant

    MSI may advance 2nd phase of capacity expansion at Guj plant  

    The first phase of the plant with a capacity of 2.5 lakh units is expected to become operational by early next year.

    31 Aug 2016, 9.14 am  |  Source: PTI

  • Motilal Oswal Fin acquires 2.45 cr shares in arm for Rs 28 cr

    Motilal Oswal Fin acquires 2.45 cr shares in arm for Rs 28 cr  

    "The company has been allotted 2,45,39,907 equity shares of AFHCL, under right issue on August 30, 2016 thereby leading to change in holding of 2.82 per cent in share capital of AHFCL," it said in a regulatory filing.

    31 Aug 2016, 9.12 am  |  Source: PTI

  • Shell opens 83rd petrol pump in India

    Shell opens 83rd petrol pump in India  

    Shell India opened a petrol pump in Uttarahalli area of Bengaluru, taking its operational fuel stations in India to 83, of which 30 are in Karnataka, the company said in a statement.

    31 Aug 2016, 9.12 am  |  Source: PTI

  • If India grows at 10%, HDFC Bank will grow at 30%: MD Puri

    If India grows at 10%, HDFC Bank will grow at 30%: MD Puri   

    Country's second-largest private sector lender HDFC Bank may have grown leaps and bounds over the past decade or so but now is the "best time" for the bank, says MD Aditya Puri.

    31 Aug 2016, 8.36 am  |  Source: CNBC-TV18

  • Goa government signs MoU with Google India

    Goa government signs MoU with Google India  

    "As a first step, the Goa government will launch internet safety education for students in association with Google India," Parsekar said. It will be a part of curriculum for classes 9th to 12th in the government schools.

    31 Aug 2016, 8.34 am  |  Source: PTI

  • Prudential`s UK staff take industrial action over Mum job plan

    Prudential's UK staff take industrial action over Mum job plan  

    Staff in the Prudential's annuities department in Reading will from Wednesday not carry out work linked to the transfer of the jobs to Mumbai, Unite said in a statement.

    31 Aug 2016, 8.12 am  |  Source: Reuters

  • SBT-SBI merger: HC issues notice to Finance Ministry

    SBT-SBI merger: HC issues notice to Finance Ministry  

    "Suspiciously, a bank working on profit for the past 70 years was all of a sudden showed as making loss by charging higher rate of provision on standard, sub-standard and non-performing assets," the petition said.

    31 Aug 2016, 7.50 am  |  Source: PTI

  • SRM Group offers to deposit Rs 69 cr in court

    SRM Group offers to deposit Rs 69 cr in court  

    The chancellor of the SRM University headquartered near here, was arrested on August 26 in connection with more than 100 complaints from parents relating to "transactions" involving payment of money running into several crores for...

    31 Aug 2016, 7.48 am  |  Source: PTI

  • India Business Leader Awards: 11th year running

    India Business Leader Awards: 11th year running   

    For the 11th year, CNBC-TV18 carried on the tradition with the India Business Leader Awards (IBLA). The visionaries that have led India's glorious journey from the front are the champions that we salute at the awards.

    30 Aug 2016, 10.37 pm  |  Source: CNBC-TV18

  • EU-Apple spat may set off global tax war: Dhruva Advisors

    EU-Apple spat may set off global tax war: Dhruva Advisors   

    Speaking to CNBC-TV18 on the implications of EU holding agreements entered into by Ireland as being illegal or contrary to EU directives, Kanabar says it is worrisome as a lot of companies park their funds at Ireland and if each o...

    30 Aug 2016, 10.12 pm  |  Source: CNBC-TV18

  • Is e-commerce losing out to conventional shopping ways?

    Is e-commerce losing out to conventional shopping ways?  

    At a time when most companies are relying on an omnichannel presence (across web, mobile and online) for increased visibility, there are market whoppers like Future Group shutting their online operations. Many marketplaces are pul...

    30 Aug 2016, 10.00 pm  |  Source: Moneycontrol.com

  • Govt a facilitator, not regulator in policy reforms: Sitharaman

    Govt a facilitator, not regulator in policy reforms: Sitharaman   

    With Make in India policy, better ease of doing business reforms, increase in foreign direct investment (FDI) and passage of the Goods and Services Tax (GST) Bill, the government has acted as a facilitator rather than a regulator,...

    30 Aug 2016, 9.27 pm  |  Source: CNBC-TV18

  • CPIIB gets RBI nod to up stake in Kotak Mahindra Bank upto 10%

    CPIIB gets RBI nod to up stake in Kotak Mahindra Bank upto 10%  

    Private sector lender Kotak Mahindra Bank today said the Reserve Bank had granted approval to Canada Pension Plan Investment Board to buy stake in excess of 5 percent and up to 5 percent in the bank.

    30 Aug 2016, 8.54 pm  |  Source: PTI

  • Vodafone offers intl roaming plan for pre, postpaid users

    Vodafone offers intl roaming plan for pre, postpaid users  

    Telecom service provider Vodafone today announced an international roaming plan where customers can pay a daily rental of Rs 500 and get free incoming calls.

    30 Aug 2016, 8.54 pm  |  Source: PTI

  • Bajaj Finance shareholders approve stock split, bonus issue

    Bajaj Finance shareholders approve stock split, bonus issue  

    Bajaj Finance today said its shareholders have approved proposals to split its stock in the 1:5 ratio and also to issue bonus shares in 1:1 ratio.

    30 Aug 2016, 8.52 pm  |  Source: PTI

  • TCS and GE to revolutionise gas turbine manufacturing

    TCS and GE to revolutionise gas turbine manufacturing  

    Tata Consultancy Services today announced that it has developed an innovative digital solution along with General Electric to revolutionise gas turbine manufacturing which could save significant time and costs in the manufacturing...

    30 Aug 2016, 8.52 pm  |  Source: PTI

  • Infosys creating smaller biz units to improve mkt penetration

    Infosys creating smaller biz units to improve mkt penetration  

    Country's second largest software services firm Infosys is creating smaller business units, headed by a new line of leaders, as part of its efforts to improve market penetration and client management.

    30 Aug 2016, 8.48 pm  |  Source: PTI

  • Paytm raises USD60 mn from Mediatek

    Paytm raises USD60 mn from Mediatek  

    Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Maruti launches Swift variant priced upto Rs 6.86 lakh

    Maruti launches Swift variant priced upto Rs 6.86 lakh  

    The new variant -- Swift Deca, comes with touch screen multimedia system with bluetooth, exterior styling kit, sporty body graphics, football themed seat covers and interior styling kit.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Tata Motors lines up new vehicles;to phase out legacy products

    Tata Motors lines up new vehicles;to phase out legacy products  

    The auto major is also working on a study on phasing out some of its models both in the passenger vehicle and commercial vehicle verticals.

    30 Aug 2016, 8.22 pm  |  Source: PTI

  • Future Lifestyle gets shareholders nod to raise Rs 500 cr

    Future Lifestyle gets shareholders nod to raise Rs 500 cr  

    The company has got shareholders' approval for the special resolution at its annual general meeting held yesterday to raise the said amount by issuing non-convertible debentures, the company said in a regulatory filing.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Phones worth Rs 94K cr to be made in India in FY17: Prasad

    Phones worth Rs 94K cr to be made in India in FY17: Prasad  

    In volume terms, only six crore units of mobile phones were manufactured in 2014-15 in the country, which reached 11 crore units in 2015-16, rising 83 percent.

    30 Aug 2016, 7.40 pm  |  Source: PTI

  • Give people courage to fail so they can innovate: Nexus Venture

    Give people courage to fail so they can innovate: Nexus Venture   

    At CNBC-TV18's 11th edition of India Business Leader Awards, a panel discussion on diasporic Indian spoke on innovation. Naren Gupta of Nexus Venture Partners, Sunil Wadhwani of WISH Foundation and Rajan Navani, MD, JetSynthesys w...

    30 Aug 2016, 7.29 pm  |  Source: CNBC-TV18

  • Local airlines exempted from prior govt nod for code share

    Local airlines exempted from prior govt nod for code share  

    Coming out with a fresh set of guidelines, the watchdog said code share arrangement with an overseas carrier should be within the ambit of the bilateral Air Service Agreement (ASA) with the country concerned.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • Anuradha Rao appointed as MD, CEO of SBI Mutual Fund

    Anuradha Rao appointed as MD, CEO of SBI Mutual Fund  

    Prior to this, Rao was Deputy Managing Director at SBI handling New Business Portfolio. She has also worked as the Chief General Manager of personal banking at the bank.

    30 Aug 2016, 7.24 pm  |  Source: PTI

  • RBI allows foreign investors higher holding in Ultra Tech

    RBI allows foreign investors higher holding in Ultra Tech  

    The company passed resolutions at its board of directors level and a special resolution by the shareholders, agreeing to raising the limit for purchase of its equity shares by FIIs/RFPIs.

    30 Aug 2016, 7.24 pm  |  Source: PTI

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