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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Business News

  • HCL Tech steps up hiring in US, sees no threat from H1B issue

    HCL Tech steps up hiring in US, sees no threat from H1B issue  

    India’s fourth largest software exporter isn’t too perturbed by the protectionist stance of the new regime in the US, saying its dependence on H1B visas is much less than that of its peers.

    24 Jan 2017, 2.45 pm  |  Source: Moneycontrol.com

  • Lupin launches Ortho-Cyclen tablets in US

    Lupin launches Ortho-Cyclen tablets in US  

    In a BSE filing, Lupin said, "It has launched its Norgestimate and Ethinyl Estradiol tablets USP, 0.25 mg/0.035 mg having received approval from the United States Food and Drug Administration (FDA) earlier to market a generic vers...

    24 Jan 2017, 2.22 pm  |  Source: PTI

  • MOIL share sale:Institutional bidder portion over-subscribed

    MOIL share sale:Institutional bidder portion over-subscribed  

    The 2-day offer for sale (OFS) of the government's 10 percent stake in MOIL at a floor price of Rs 365 opened for non-retail investors today.

    24 Jan 2017, 2.18 pm  |  Source: PTI

  • Huawei aims for slot among top 5 smartphone makers in India

    Huawei aims for slot among top 5 smartphone makers in India  

    "With the launch today, Honor 6X has become India's most low priced smartphone at Rs 12,999 apiece with dual camera in the back. Having said that, it does not matter how many cameras you add to the phone as long as it delivers val...

    24 Jan 2017, 2.10 pm  |  Source: PTI

  • Muthoot Group to sell 11% stake in MFI biz to US fund

    Muthoot Group to sell 11% stake in MFI biz to US fund  

    Creation Investments will invest Rs 100 crore investment for 9 percent stake, while it has an option to invest additional Rs 30 crore at March 2018.

    24 Jan 2017, 2.00 pm  |  Source: Moneycontrol.com

  • Yamaha looks at 1 million units of India sales this year

    Yamaha looks at 1 million units of India sales this year  

    The company, which today launched its latest 250cc bike FZ 25 priced at Rs 1.2 lakh (ex-showroom Delhi), is banking on premium bikes and scooters to achieve its target.

    24 Jan 2017, 1.56 pm  |  Source: PTI

  • P-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec

    P-Note investments fall to 41-month low of Rs1.57 lakh cr in Dec  

    Market experts believe the trend is likely to continue as Sebi may further tighten the regulations governing P-Notes amid persisting concerns that this route is being used for illicit fund flows.

    24 Jan 2017, 1.52 pm  |  Source: PTI

  • NowFloats closes $10 mn funding from Iron Pillar, others

    NowFloats closes $10 mn funding from Iron Pillar, others  

    "NowFloats has closed series B funding of USD 10 million via Iron Pillar and IIFL (Seed Ventures Fund I and Cash Opportunities Fund), along with Blume Ventures and Omidyar Network, who had invested in series A as well," it said in...

    24 Jan 2017, 1.20 pm  |  Source: PTI

  • HDFC Life-Max Life merger: IRDAI decision in next few weeks

    HDFC Life-Max Life merger: IRDAI decision in next few weeks  

    These insurers have already presented their views to the regulator after concerns were raised on the structure of the deal.

    24 Jan 2017, 1.17 pm  |  Source: Moneycontrol.com

  • POEM rules target shell cos, firms with Rs 50 cr sales excluded

    POEM rules target shell cos, firms with Rs 50 cr sales excluded  

    The Central Board of Direct Taxes (CBDT) today made public the long-pending "guiding principles" to determine place of effective management of a company, which have been effective April 1, 2016.

    24 Jan 2017, 1.14 pm  |  Source: PTI

  • Eyeing margin growth, acquisitions on cards: Nucleus

    Eyeing margin growth, acquisitions on cards: Nucleus   

    Speaking to CNBC-TV18 Vishnu R Dusad - MD & CEO, Nucleus Software said the company has right mix of innovative products to monetise the cash crunch scenario.

    24 Jan 2017, 12.59 pm  |  Source: CNBC-TV18

  • Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec

    Assets with portfolio managers grow to Rs 11.75 lakh cr in Dec  

    Asset base of portfolio managers, who mostly manage investments or provide advisory services to high networth individuals (HNIs), stood at Rs 10.41 lakh crore in December 2015.

    24 Jan 2017, 12.56 pm  |  Source: PTI

  • Voice business down, data services to drive growth: Tata Comm

    Voice business down, data services to drive growth: Tata Comm   

    Pratibha Advani, Chief Financial Officer at Tata Communications, Tuesday said the company is pinning its hopes of growth on data services, with its voice business continuing to show a decline.

    24 Jan 2017, 12.44 pm  |  Source: CNBC-TV18

  • Retail real estate saw $700 mn investment in 2016: CBRE

    Retail real estate saw $700 mn investment in 2016: CBRE  

    "The retail segment in 2016 witnessed more than USD 0.7 billion of investment by PE firms and wealth funds and saw the entry of 19 new global brands into the country," CBRE said in a report.

    24 Jan 2017, 12.38 pm  |  Source: PTI

  • MOIL stake sale: Institutional buyers put up strong bids

    MOIL stake sale: Institutional buyers put up strong bids  

    The 2-day offer of sale (OFS) of the government's 10 percent shares in MOIL at a floor price of Rs 365 opened for non-retail investors today.

    24 Jan 2017, 12.22 pm  |  Source: PTI

  • Will continue quest for acquisitions, IP partnerships: HCL Tech

    Will continue quest for acquisitions, IP partnerships: HCL Tech   

    Speaking to CNBC-TV18, C Vijayakumar, Chief Executive Officer of HCL Technologies, said a deal with IBM had been extended and would fetch HCL USD 40 -50 million in revenue.

    24 Jan 2017, 12.04 pm  |  Source: CNBC-TV18

  • Eye 20-25% growth in FY18: Ashoka Buildcon`s CFO

    Eye 20-25% growth in FY18: Ashoka Buildcon's CFO   

    Speaking to CNBC-TV18 the CFO, Paresh Mehta, said the company will not make any compromise with its margin adding that it continued to bid for Engineering, Procurement, and Construction (EPC) projects with margins of around 12-12....

    24 Jan 2017, 12.00 pm  |  Source: CNBC-TV18

  • Cyient subsidiary to acquire US-based Certon Software

    Cyient subsidiary to acquire US-based Certon Software  

    "Cyient Inc., USA, a wholly-owned subsidiary of the company, has signed a definitive agreement to acquire 100 per cent equity in Certon Software Inc., Melbourne, Florida, USA, in an all cash transaction," Cyient Ltd said in a BSE ...

    24 Jan 2017, 11.48 am  |  Source: PTI

  • Supreme Court agrees to hear banks in Aircel-Maxis case

    Supreme Court agrees to hear banks in Aircel-Maxis case  

    A bench headed by Chief Justice J S Khehar said that it would hear the plea on the date fixed in the case when Attorney General Mukul Rohatgi, appearing for banks, sought urgent hearing on the ground that the PSU financial institu...

    24 Jan 2017, 11.18 am  |  Source: PTI

  • Tata Motors bags Rs 50-crore order for vestibule buses

    Tata Motors bags Rs 50-crore order for vestibule buses  

    The 22.2 kms long BRTS corridor in Karnataka will bring back the articulated bus concept which was experimented by a few state governments earlier. Such buses are usually twice the size of a conventional bus linked together by a p...

    24 Jan 2017, 10.51 am  |  Source: Moneycontrol.com

  • To sustain Q3 growth momentum in Q4FY17: L&T Infotech

    To sustain Q3 growth momentum in Q4FY17: L&T Infotech   

    Given the growth trend for the first 9 months, Sanjay Jalona, CEO & MD, L&T Infotech is confident of beating industry growth in FY17.

    24 Jan 2017, 10.49 am  |  Source: CNBC-TV18

  • Budget 2017: Govt must simplify retail trade policy, says Future Retail

    Budget 2017: Govt must simplify retail trade policy, says Future Retail   

    Stressing on the retail sector's expectations from Budget 2017, Rakesh Biyani, Joint managing Director of Future Retail told CNBC-TV18 that the government must simplify retail trade policy.

    24 Jan 2017, 10.13 am  |  Source: CNBC-TV18

  • Why housing fin cos score over banks in a falling rate climate

    Why housing fin cos score over banks in a falling rate climate  

    Many home buyers favour taking loans from housing finance companies (HFCs) as stamp duty and registration costs are included while calculating the total costs of the property as compared to only basic property rates for banks.

    24 Jan 2017, 10.07 am  |  Source: Moneycontrol.com

  • Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda

    Yamaha to unwrap FZ250 today, take on Bajaj, KTM and Honda  

    The medium-powered FZ, which will be locally made, will fill the gap between the existing FZ 150 and the 300cc Yamaha R3. The FZ 250 would be likely priced below Rs 2 lakh, said sources.

    24 Jan 2017, 9.42 am  |  Source: Moneycontrol.com

  • Girnar Software to cut 136 jobs in restructuring exercise

    Girnar Software to cut 136 jobs in restructuring exercise  

    The company, which has been on an acquisition spree over the past two years, is cutting the jobs in order to keep its commitment to the board to become a profitable firm by the first quarter of the next fiscal and reduce "dependen...

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh

    Tata Motors launches SUV Hexa in Rajasthan at Rs 12 lakh  

    The company has a long waiting list for the vehicle which will be cleared soon so that more and more Hexa could come on road, Business Unit President for passenger vehicles at Tata Motors Mayank Pareek said.

    24 Jan 2017, 8.42 am  |  Source: PTI

  • Blockchain to help investment banks save $12 bn annually: Report

    Blockchain to help investment banks save $12 bn annually: Report  

    Implementation of blockchain in various operations can help investment banks reduce their operational costs by around USD 12 billion annually, a report by Accenture says.

    24 Jan 2017, 8.42 am  |  Source: Moneycontrol.com

  • India Inc raises $2.8 bn in foreign borrowings in December

    India Inc raises $2.8 bn in foreign borrowings in December  

    In the same month a year ago (December 2015), the foreign borrowings by Indian firms were at USD 3.03 billion.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Housing sales may see 20-30% decline this year: Fitch

    Housing sales may see 20-30% decline this year: Fitch  

    In its report "2017 Outlook: Asia-Pacific Corporates", Fitch changed its outlook on Indian housing sector to negative from stable.

    24 Jan 2017, 7.50 am  |  Source: PTI

  • Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others

    Kingfisher loan case: CBI arrests ex-IDBI chief, 8 others   

    Terming the RS 950 crore loan to the defunct Kingfisher Airlines (KFA) as unsecure, the Central Bureau of Investigation (CBI) on Monday arrested nine people linked to this cae including former CEO of the airlines and two former Ch...

    23 Jan 2017, 9.36 pm  |  Source: CNBC-TV18

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