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  • IL&FS, Lone Star Funds to invest $550mn in stressed assets

    IL&FS, Lone Star Funds to invest $550mn in stressed assets  

    American private equity firm Lone Star Funds and India's infrastructure financing company IL&FS will jointly invest $550 million in stressed infrastructure projects in India.

    26 Feb 2017, 5.32 pm  |  Source: Moneycontrol.com

  • IIM Bangalore`s Women Startup Programme picks 15 new biz ideas

    IIM Bangalore's Women Startup Programme picks 15 new biz ideas  

    The NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), at the Indian Institute of Management Bangalore, and Goldman Sachs today selected 15 women entrepreneurs and their ideas for incubation over next year as the final phas...

    26 Feb 2017, 4.56 pm  |  Source: PTI

  • SpiceJet to start Kolkata-Dhaka direct flight from March 23

    SpiceJet to start Kolkata-Dhaka direct flight from March 23  

    SpiceJet will operate daily direct flight to Dhaka from Kolkata, starting from March 23, as part of expansion of its international services.

    26 Feb 2017, 4.56 pm  |  Source: PTI

  • Anil Ambani to spell out defence biz plans

    Anil Ambani to spell out defence biz plans  

    Pitching defence business as the main growth driver, industrialist Anil Ambani will brief the sectoral and market analysts here tomorrow about future plans of his Reliance Group in this segment.

    26 Feb 2017, 4.42 pm  |  Source: PTI

  • COAI exec committee to discuss industry`s financial fortunes

    COAI exec committee to discuss industry's financial fortunes  

    The executive committee meeting of the cellular operators association (COAI), scheduled for March 17, is likely to discuss the issue of the deteriorating financial health of the industry.

    26 Feb 2017, 4.02 pm  |  Source: PTI

  • 2017 to be a better year for Indian startups:Qualcomm Ventures

    2017 to be a better year for Indian startups:Qualcomm Ventures  

    Qualcomm Ventures, the venture investment arm of US-based chip maker Qualcomm Inc which has a USD 150 million India-focused fund, expects 2017 to be a better year for the startup ecosystem, especially early stage companies.

    26 Feb 2017, 3.00 pm  |  Source: PTI

  • HSBC discloses tax evasion probes in India, other countries

    HSBC discloses tax evasion probes in India, other countries  

    Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.

    26 Feb 2017, 3.00 pm  |  Source: PTI

  • HSBC`s India headcount rises by 4,000 despite global drop

    HSBC's India headcount rises by 4,000 despite global drop  

    UK-based banking major HSBC saw its India headcount rise by 4,000 people to reach 37,000 last year even as its worldwide workforce got trimmed by nearly 23,000 persons.

    26 Feb 2017, 3.00 pm  |  Source: PTI

  • L&T expects pick up in oil sector orders in 2 years

    L&T expects pick up in oil sector orders in 2 years  

    With global oil prices stabilising, L&T Hydrocarbon Engineering expects orders from international and domestic players to improve in the next two years.

    26 Feb 2017, 1.34 pm  |  Source: PTI

  • Bank strike likely on Feb 28, may dent services

    Bank strike likely on Feb 28, may dent services  

    Operations at public sector banks may be hit on Tuesday as most unions under the aegis of UFBU have threatened to go on strike to press for various demands, including accountability of top executives in view of mounting bad loans ...

    26 Feb 2017, 1.34 pm  |  Source: PTI

  • Max Ventures approaches shareholders for 36% stake sale in arm

    Max Ventures approaches shareholders for 36% stake sale in arm  

    Max Ventures and Industries Ltd has sought shareholders' approval for sale of 35.93 per cent stake of its specialty film business to Japan's Toppan Printing.

    26 Feb 2017, 1.34 pm  |  Source: PTI

  • Century Ply ready with strategy for Laos crisis

    Century Ply ready with strategy for Laos crisis  

    Country's leading interior infrastructure maker Century Plyboards India is ready with an alternate strategy for the Laos crisis that banned export of raw wood and veneer since over a year.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Eight of top 10 cos add Rs 66,708 cr in m-cap; RIL shines

    Eight of top 10 cos add Rs 66,708 cr in m-cap; RIL shines  

    Eight of the 10 most valued Indian companies together added Rs 66,707.68 crore in market valuation last week, with RIL emerging as the biggest gainer.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • `Mumbai richest Indian city with total wealth of USD 820 bn`

    'Mumbai richest Indian city with total wealth of USD 820 bn'  

    India's financial capital Mumbai, which is home to 46,000 millionaires and 28 billionaires, is the richest Indian city with a total wealth of USD 820 billion, says a report.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • 5 major telcos optimum for Indian mkt: Telecom Secy JS Deepak

    5 major telcos optimum for Indian mkt: Telecom Secy JS Deepak  

    The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring "enough competition but not fragmentation of spectrum", Telecom Secretary J S Deepak said.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • ArcelorMittal plans solar farm on steel plant land in K`taka

    ArcelorMittal plans solar farm on steel plant land in K'taka  

    World's largest steelmaker ArcelorMittal may set up a solar farm on land alloted to it for the proposed 6 MT Karnataka project in view of excess global steel capacity and delays in securing raw materials.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Green panel nod to SAIL`s Tasra washery project in Jharkhand

    Green panel nod to SAIL's Tasra washery project in Jharkhand  

    A green panel has recommended environment clearance (EC) to state-owned steel major SAIL for construction of a pit head coking coal washery in its Tasra Coal Block in Dhanbad, Jharkhand.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • More fresh products, localisation VW`s top priority in India

    More fresh products, localisation VW's top priority in India  

    German auto major Volkswagen is working to bring more feature-packed fresh products every year to India while revving up localisation instead of trying to compete in the highly competitive mass market segment.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Odisha govt withdraws tax sops to IOC`s Pradip refinery

    Odisha govt withdraws tax sops to IOC's Pradip refinery  

    In a big jolt to Indian Oil, the Odisha government has withdrawn tax incentives given to the Rs 34,555-crore Paradip refinery, making the company reconsider its plans to invest another Rs 52,000 crore in the state.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • States must adopt model Bill to keep shops open 24x7: Assocham

    States must adopt model Bill to keep shops open 24x7: Assocham  

    Industry body Assocham has urged the Centre to impress upon states to adopt the Model Shops and Establishments Bill, thereby allowing small and medium scale shops to remain open for all seven days.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • NMDC`s Rs 18k cr steel plant may be completed by Dec

    NMDC's Rs 18k cr steel plant may be completed by Dec  

    Facing year-long delay, the Rs 18,000 crore integrated steel plant of state-owned iron ore miner NMDC, coming up at Nagarnar in Chhattisgarh, is likely to be completed by December.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • End of the road for Maruti`s popular hatchback Ritz

    End of the road for Maruti's popular hatchback Ritz  

    Country's largest carmaker Maruti Suzuki India (MSI) has stopped selling one of its popular hatchbacks Ritz in both domestic and international markets.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • `BRICS Bank to finance technological innovation projects`

    'BRICS Bank to finance technological innovation projects'  

    The New Development Bank (NDB) set up by the BRICS plans to provide lending to technological innovation projects, its vice president Zhu Xian has said.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • More wind power projects to go under hammer next fiscal

    More wind power projects to go under hammer next fiscal  

    Buoyed by drop in tariff to record low of Rs 3.46 per unit in the first auction of wind power, the government is mulling putting on the block more such projects next fiscal.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers

    Paytm throws lifeline to Snapdeal, Stayzilla ex-staffers  

    With hundreds of employees being handed out pink slips by companies such as Snapdeal and Stayzilla, rival e-commerce firm Paytm is walking into the ring by offering generous job offers to laid-off staffers.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Godrej Interio eyes Rs 400-cr turnover from mattress segment

    Godrej Interio eyes Rs 400-cr turnover from mattress segment  

    Godrej Interio, the furniture arm of Godrej Group, is looking to double its mattress segment turnover up to Rs 400 crore in the next three years.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Final call on strategic divestment of SAIL units by September

    Final call on strategic divestment of SAIL units by September  

    The government is likely to take a final call on strategic disinvestment of three SAIL units by September, and due diligence is already on for the same.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • HTT in talks with 5 states for high-speed travel network

    HTT in talks with 5 states for high-speed travel network  

    US-based Hyperloop Transportation Technologies (HTT) is in talks with five Indian states to build a high-speed travel network and will also raise USD 100 million to invest in the country.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • CBEC seeks exporters` feedback on drawback rates post GST

    CBEC seeks exporters' feedback on drawback rates post GST  

    The revenue department has sought views of industry and exporter bodies on duty drawback rates for exports following implementation of GST from July.

    26 Feb 2017, 12.52 pm  |  Source: PTI

  • Odisha registers 7.94% growth, 82 lakh people cross BPL

    Odisha registers 7.94% growth, 82 lakh people cross BPL  

    Odisha has registered a gross state domestic product (GSDP) growth rate of 7.94 per cent in 2016-17 against the national average of 7.1 per cent, besides registering a big reduction in the rate of poverty.

    26 Feb 2017, 12.42 pm  |  Source: PTI

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