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  • Brookfield not likely to buy stake in Bharti Infratel: Srcs

    Brookfield not likely to buy stake in Bharti Infratel: Srcs  

    Quoting sources, CNBC-TV18’s Nisha Poddar says that KKR and CPPIB combined are the sole contenders now and are interested in buying majority stake in Bharti Infratel.

    07 Dec 2016, 2.02 pm  |  Source: CNBC-TV18

  • SBT to raise up to Rs 600 cr via Basel-III bonds

    SBT to raise up to Rs 600 cr via Basel-III bonds  

    "The Executive Committee of the Board of Directors of the Bank in its meeting held on December 7, 2016, has approved raising of up to Rs 600 crore by way of issue of Basel III compliant additional tier I bonds by private placement...

    07 Dec 2016, 1.50 pm  |  Source: PTI

  • Sales will normalise by end of Q3, says Adi Godrej

    Sales will normalise by end of Q3, says Adi Godrej   

    Sales impacted due to demonetisation will normalise by the end of this quarter, says Adi Godrej, Chairman of Godrej Group. No de-growth is expected in Q3 or Q4 of the current fiscal.

    07 Dec 2016, 1.31 pm  |  Source: CNBC-TV18

  • CERC passes order in Tata Power, Adani compensatory tariff case

    CERC passes order in Tata Power, Adani compensatory tariff case   

    Even if the Supreme Court votes in favour of Tata Power and Adani Power, it is unlikely to move stock prices of these companies much as analysts have more or lesss priced in this news, feels Murtaza Arsiwalla of Kotak Institutiona...

    07 Dec 2016, 1.13 pm  |  Source: CNBC-TV18

  • Sonalika ITL`s November tractor exports grow 32%

    Sonalika ITL's November tractor exports grow 32%  

    The company exported 1,059 units in November this year as against 800 in the same month last year, Sonalika ITL said in a statement.

    07 Dec 2016, 12.44 pm  |  Source: PTI

  • Pharma sector sales down 10-12%, pain to ease by Jan: Wockhardt

    Pharma sector sales down 10-12%, pain to ease by Jan: Wockhardt   

    The pharmaceutical industry did suffer some set back with sales declining about 10-12 percent since demonetisation. However, Habil F Khorakiwala, Founder, Chairman & Group CEO of Wockhardt feels the impact will last only until Jan...

    07 Dec 2016, 12.40 pm  |  Source: CNBC-TV18

  • Coromandel stays the course for Visakhapatnam unit expansion

    Coromandel stays the course for Visakhapatnam unit expansion  

    According to the official, the proposed expansion project has potential to generate direct and indirect jobs of close to 275.

    07 Dec 2016, 12.20 pm  |  Source: PTI

  • PVR partners with Korean company to add 10 4DX screens

    PVR partners with Korean company to add 10 4DX screens  

    The company today signed an agreement with CJ 4DPLEX to add ten more 4DX screens at 'CineAsia 2016' in Hong Kong, PVR said in a statement.

    07 Dec 2016, 11.48 am  |  Source: PTI

  • ONGC exploring swap deals to import gas from Myanmar

    ONGC exploring swap deals to import gas from Myanmar  

    The unit, ONGC Videsh Ltd, and two other state companies, GAIL and Engineers India Ltd, first discussed the idea with Gazprom a few months ago, said Narendra K. Verma, ONGC Videsh's managing director.

    07 Dec 2016, 11.48 am  |  Source: Reuters

  • Ready to build Hyperloop in India: HTT Co-Founder Gresta

    Ready to build Hyperloop in India: HTT Co-Founder Gresta  

    "Gadkari has a proposal to build the Hyperloop on his table and he has to take a decision. If he wants to go ahead with it, we are ready, and it will be a feasibility study to begin with to lay line between Bombay (Mumbai) and Pun...

    07 Dec 2016, 10.58 am  |  Source: PTI

  • Challenge ahead: IT cos cautious as new contracts up for bidding

    Challenge ahead: IT cos cautious as new contracts up for bidding  

    According to a report in Business Standard, close to 5,565 contracts worth USD 201 billion are up for a review by 2018. Indian software companies have a record of winning global bids on back of cost saving pitches and having stron...

    07 Dec 2016, 10.32 am  |  Source: Moneycontrol.com

  • E-wallets may drop bank transfer charges

    E-wallets may drop bank transfer charges  

    According to a report in DNA, e-wallet companies charge customers when they transfer money from their wallet to banks. The fee ranges from 1-3 percent. The charges are for non-KYC users. Wallet biggies are taking steps to waive th...

    07 Dec 2016, 10.01 am  |  Source: Moneycontrol.com

  • Demand down 30% since demonetisation: Raymond Chief

    Demand down 30% since demonetisation: Raymond Chief   

    Hit by demonetisation Indian textile major Raymond has seen 30 percent decline in demand over 3-4 weeks, said CEO Sanjay Behl.

    07 Dec 2016, 9.51 am  |  Source: CNBC-TV18

  • Marriott International to open around 30 hotels in 2017

    Marriott International to open around 30 hotels in 2017  

    "Marriott International is scheduled to open nearly 30 luxury hotels in 2017 and has a total of 180 luxury hotels in its development pipeline, representing 20 new countries, from Iceland and Nepal to Cuba," a release issued here s...

    07 Dec 2016, 8.26 am  |  Source: PTI

  • ICICI Bank proposes to raise funds for expansion

    ICICI Bank proposes to raise funds for expansion  

    In a regulatory filing, it said the bank proposes "fund raising in single or multiple tranches in any currency through public or private placement by way of issuances of debt instruments for remaining period of 2016-17".

    07 Dec 2016, 8.26 am  |  Source: PTI

  • Shopclues trims GMV target to $2 bn in 2017

    Shopclues trims GMV target to $2 bn in 2017  

    E-commerce player Shopclues has guided for gross merchandise value (GMV) in calendar 2017 at USD 2 billion. The startup had earlier estimated GMV at USD 2.3-2.5 billion but demonetisation led to a reduction in sales by around 30 p...

    07 Dec 2016, 8.12 am  |  Source: Moneycontrol.com

  • India, Israel decided to boost cooperation in science, tech

    India, Israel decided to boost cooperation in science, tech  

    A high-level Israeli delegation led by Israeli Minister for Science, Technology and Space Ofir Akunis, including three members of Israeli Parliament met Union Minister for Science, Technology and Earth Sciences Harsh Vardhan.

    07 Dec 2016, 7.46 am  |  Source: PTI

  • Vistara CHRO & Head of Corporate Affairs quits

    Vistara CHRO & Head of Corporate Affairs quits  

    Varadarajan will be leaving the Delhi-headquartered airline after completion of his notice period, which ends this month.

    07 Dec 2016, 7.46 am  |  Source: PTI

  • Tatas hit back, say Mistry violating corp governance norms

    Tatas hit back, say Mistry violating corp governance norms  

    Tata Sons tonight refuted charges of breakdown of governance levelled by Cyrus P Mistry, saying it was the ousted chairman who has been violating such guidelines.

    06 Dec 2016, 9.26 pm  |  Source: PTI

  • NBCC gets Rs 24,994 crore business in November

    NBCC gets Rs 24,994 crore business in November  

    NBCC India has secured total business of Rs 24,694.23 crore in November, the company said in a regulatory filing.

    06 Dec 2016, 9.26 pm  |  Source: PTI

  • Axis Bank suspends 19 staff; hires KPMG for forensic audit

    Axis Bank suspends 19 staff; hires KPMG for forensic audit  

    The bank has suspended 19 officials including 6 of Kashmere Gate branch of Delhi itself, Axis Bank executive director Rajesh Dahiya said.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Adani Enterprises incorporates wholly-owned arm ACL

    Adani Enterprises incorporates wholly-owned arm ACL  

    Adani Enterprises today said it has incorporated its wholly-owned arm Adani Cementation.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Nalco to provide hand-holding support to MSME vendors

    Nalco to provide hand-holding support to MSME vendors  

    Navratna PSU Nalco is ready to provide hand-holding support to its regular MSME vendors who ensure quality and timely delivery of products, the aluminium major's CMD T K Chand said.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Tata Group exposed to perilous regulatory violations: Mistry

    Tata Group exposed to perilous regulatory violations: Mistry  

    Refuting remarks that he was trying to take over control over all Tata Group activities, Mistry's office alleged that those individuals were seeking to procure unpublished price sensitive information from listed group companies, b...

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Apple holds talks with govt on opening stores in India

    Apple holds talks with govt on opening stores in India  

    Apple Inc officials today met Commerce Ministry top brass amid its plans to open stores in India without initially having to source components locally.

    06 Dec 2016, 8.42 pm  |  Source: PTI

  • Reader`s Digest asked to pay Rs 5 lakh for `dishonest` marketing

    Reader's Digest asked to pay Rs 5 lakh for 'dishonest' marketing  

    The Delhi State Consumer Disputes Redressal Commission held that the magazine had indulged in "unfair trade practice" by deceptively trapping readers by alluring them with contest prizes of Rs 24 lakh and a luxury car.

    06 Dec 2016, 7.32 pm  |  Source: PTI

  • Airtel Africa COO Ragunath Mandava elevated as MD, CEO

    Airtel Africa COO Ragunath Mandava elevated as MD, CEO  

    Telecom operator Bharti Airtel today announced top level changes for its African operations by promoting Chief Operating Officer Raghunath Mandava as Managing Director and CEO of Airtel Africa.

    06 Dec 2016, 7.08 pm  |  Source: PTI

  • Lupin gets USFDA nod to market skin ointment

    Lupin gets USFDA nod to market skin ointment  

    Drug major Lupin has received approval from the US health regulator to market generic Desoximetasone ointment, used to treat inflammation and itching, in the American market.

    06 Dec 2016, 7.08 pm  |  Source: PTI

  • Bank of Baroda decreases MCLR by 20 basis points

    Bank of Baroda decreases MCLR by 20 basis points  

    State-run Bank of Baroda today reduced its marginal cost based lending rates (MCLR) by 20 basis points for various tenors.

    06 Dec 2016, 7.08 pm  |  Source: PTI

  • Panasonic to set up refrigerator plant in Haryana

    Panasonic to set up refrigerator plant in Haryana  

    Home appliances and consumer electronics company Panasonic India today said it has invested Rs 115 crore to set up a manufacturing plant at Jhajjar, Haryana, to locally produce refrigerators.

    06 Dec 2016, 7.08 pm  |  Source: PTI

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