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Moneycontrol

Business News

  • Icra downgrades various debt instruments of IFCI

    Icra downgrades various debt instruments of IFCI  

    The rating agency has downgraded the long-term rating assigned to the Rs 10,000 crore long-term bank borrowings, the Rs 8,000 crore long-term bond programme and the Rs 2,000 crore NCD programme of IFCI from A+ to A.

    28 Feb 2017, 3.28 pm  |  Source: PTI

  • India needs regulatory body for medical devices: Mazumdar-Shaw

    India needs regulatory body for medical devices: Mazumdar-Shaw  

    On the National Pharmaceutical Pricing Authority's recent decision fixing price caps on coronary stents, Mazumdar-Shaw said price control on stents need to factor in the design and material of their construction.

    28 Feb 2017, 3.22 pm  |  Source: PTI

  • Airtel`s Mittal calls for global spectrum share via one network

    Airtel's Mittal calls for global spectrum share via one network  

    After killing domestic roaming, Airtel's Sunil Mittal has radical plans to shake up global telecom industry. Mittal suggests that mobile operators should increase sharing of resources such as spectrum to ease the burden on telecom...

    28 Feb 2017, 3.15 pm  |  Source: Moneycontrol.com

  • Goldman Sachs announces India Impact Fund winners

    Goldman Sachs announces India Impact Fund winners  

    The India Impact Fund is an initiative tailored for young employees of Goldman Sachs to make an impact on communities across the country by competing among themselves to identify and secure a total grant of USD 100,000 (around Rs ...

    28 Feb 2017, 2.50 pm  |  Source: PTI

  • World Bank to provide $63 mn loan for `Tejaswini` project

    World Bank to provide $63 mn loan for 'Tejaswini' project  

    A Financing Agreement for International Development Association (IDA) credit of USD 63 million (equivalent) for the "Tejaswini: Socio-Economic Empowerment of Adolescent Girls and Young Women Project" was signed here last week betw...

    28 Feb 2017, 2.50 pm  |  Source: PTI

  • Getting complaints on excessive pricing of drugs: NPPA

    Getting complaints on excessive pricing of drugs: NPPA   

    "Our priority is to fix the prices of drugs as soon as possible. We do get complaints and representations on the excessively high prices of other drugs", Bhupendra Singh, Chairman of NPPA told CNBC-TV18.

    28 Feb 2017, 2.36 pm  |  Source: CNBC-TV18

  • PTC India to be nodal entity for supply of wind power

    PTC India to be nodal entity for supply of wind power  

    "PTC India is the nodal entity for supplying power to utilities after entering into a power purchase agreement (PPA) with successful bidders," PTC India said in a statement.

    28 Feb 2017, 2.34 pm  |  Source: PTI

  • H-1B not a worry; have created jobs in US: Hinduja Global

    H-1B not a worry; have created jobs in US: Hinduja Global  

    Speaking to Moneycontrol News, Partha DeSarkar, CEO of Hinduja Global Solutions (HGS) said that the company has hired around 6,000 people in North America, who are local Americans and Canadians.

    28 Feb 2017, 2.30 pm  |  Source: Moneycontrol.com

  • Daiichi moves Delhi HC again to ban Fortis from selling stakes

    Daiichi moves Delhi HC again to ban Fortis from selling stakes   

    Tension between Japanese drugmaker Daiichi Sankyo and Singh brothers of Fortis Healthcare is rising as the former has again moved the Delhi High Court against Fortis on March 6.

    28 Feb 2017, 2.23 pm  |  Source: CNBC-TV18

  • Japanese e-tailer Rakuten defers India entry citing uncertainty

    Japanese e-tailer Rakuten defers India entry citing uncertainty  

    Rakuten is still unsure whether it wants to venture into the country due to concerns about the slowdown in growth in India's e-commerce market. According to to RedSeer Consulting, the Indian e-commerce industry grew by a meagre 12...

    28 Feb 2017, 2.22 pm  |  Source: Moneycontrol.com

  • Govt to sell 51% stake in Air India? Aviation secy says not true

    Govt to sell 51% stake in Air India? Aviation secy says not true  

    A report had claimed that the government was looking to sell a majority stake in the loss-making national carrier to a strategic partner.

    28 Feb 2017, 2.21 pm  |  Source: CNBC-TV18

  • Hindalco gets green nod for Rs 240 cr copper plant expansion

    Hindalco gets green nod for Rs 240 cr copper plant expansion  

    Hindalco Industries's Birla copper unit has a mega copper smelting and refining complex at villages Lakhigam and Dahej in Bharuch district. It now wants to expand its continuous cast copper rod plant in the existing premises of th...

    28 Feb 2017, 2.16 pm  |  Source: PTI

  • Tata Sons, DoCoMo call truce; Japanese co supends legal battles

    Tata Sons, DoCoMo call truce; Japanese co supends legal battles  

    A dispute that had arisen with NTT DOCOMO over its investment in Tata Teleservices. The dispute was over Tata Sons buying back DoCoMo’s stake in Tata Tele as per their agreement signed in 2009.

    28 Feb 2017, 2.08 pm  |  Source: Moneycontrol.com

  • Tata Power generation capacity up 8% in Q3 FY`17

    Tata Power generation capacity up 8% in Q3 FY'17  

    According to the statement, standalone generation stood at 13,022 MUs (million units) in Q3 FY'17, as against 12,032 MUs during the same quarter of FY'16.

    28 Feb 2017, 2.08 pm  |  Source: PTI

  • MWC 2017: Reliance Jio, Samsung partner to push 5G in India

    MWC 2017: Reliance Jio, Samsung partner to push 5G in India  

    Reliance Jio and Samsung are held a joint press conference at the Mobile World Conference (2017) in Barcelona today, announcing a partnership for 5G and LTE-Advance Pro services in India.

    28 Feb 2017, 1.56 pm  |  Source: Moneycontrol.com

  • Tata Steel`s Odisha ferro-chrome plant starts production

    Tata Steel's Odisha ferro-chrome plant starts production  

    "The recently commissioned ferro-chrome plant of Tata Steel at Gopalpur Industrial Park in Ganjam district of Odisha, has achieved a major milestone with the first ever production of ferro-chrome on February 25, 2017, in complianc...

    28 Feb 2017, 1.50 pm  |  Source: PTI

  • L&T Hydrocarbon Engineering gets 5-year job order from Shell

    L&T Hydrocarbon Engineering gets 5-year job order from Shell  

    "L&T Hydrocarbon Engineering, a fully-owned subsidiary of Larsen & Toubro, has signed an enterprise framework agreement with Shell Global Solutions International for providing engineering, procurement and construction management s...

    28 Feb 2017, 1.14 pm  |  Source: PTI

  • Jio tariffs aggressive, operators need to respond: Sunil Mittal

    Jio tariffs aggressive, operators need to respond: Sunil Mittal   

    Sunil Mittal expects that Airtel's plan to completely drop roaming charges, will result in increase of usage.

    28 Feb 2017, 12.57 pm  |  Source: CNBC-TV18

  • Aim to maintain loan growth above 30% in FY17-18: RBL Bank

    Aim to maintain loan growth above 30% in FY17-18: RBL Bank   

    Vishwavir Ahuja, MD & CEO, RBL Bank is confident of an overall growth of 30-35 percent over the next couple of years and maintains loan growth of over 30 percent in FY17-18.

    28 Feb 2017, 12.52 pm  |  Source: CNBC-TV18

  • Lupin gets USFDA nod to market pain relief, colonoscopy drugs

    Lupin gets USFDA nod to market pain relief, colonoscopy drugs  

    In a BSE filing, Lupin said it has "received final approval for its Oxycodone and Acetaminophen Tablets USP, 2.5 mg/325 mg, 5 mg/325 mg, 7.5 mg/325 mg and 10 mg/325 mg from the United States Food and Drug Administration (FDA) to m...

    28 Feb 2017, 12.48 pm  |  Source: PTI

  • ONGC will gain strength, be $100 bn entity post merger: Experts

    ONGC will gain strength, be $100 bn entity post merger: Experts   

    As per recent reports, one proposal is for upstream giant ONGC to acquire retail major HPCL for Rs 44,000 crore. Energy expert Narendra Taneja believes that the merger will help ONGC gain more strength and will become a USD 100 bi...

    28 Feb 2017, 12.46 pm  |  Source: CNBC-TV18

  • Demonetisation impact over, expect demand pickup: JK Cement

    Demonetisation impact over, expect demand pickup: JK Cement   

    Asserting that there is no impact of demonetisation on the cement sector anymore, JK Cement chief financial officer AK Saraogi that he expects price improvement owing to a pick-up in demand.

    28 Feb 2017, 12.28 pm  |  Source: CNBC-TV18

  • Dilip Buildcon completes Rs 190.80 cr road project in MP

    Dilip Buildcon completes Rs 190.80 cr road project in MP  

    "The company has successfully completed the project of rehabilitation and up-gradation of Mandla-Pindrai and Salimnabad-Vilayatkalan major district road intermediate laning/two-laning with paved/hard shoulder in the state of Madhy...

    28 Feb 2017, 12.10 pm  |  Source: PTI

  • APSEZ buys back NCDs worth Rs 670 crore

    APSEZ buys back NCDs worth Rs 670 crore  

    "The company has today bought back 3,483 non-convertible debentures," APSEZ said in a BSE filing.

    28 Feb 2017, 11.54 am  |  Source: PTI

  • Lupin gets FDA nod for generic version of Suprep

    Lupin gets FDA nod for generic version of Suprep  

    Suprep follows a split dose regime and Lupin has got approval for Sodium Sulfate, Potassium Sulfate and Magnesium Sulfate Oral Solution, all of which are taken to cleanse the colon before colonoscopy in adults. Suprep Bowel Prep K...

    28 Feb 2017, 11.48 am  |  Source: Moneycontrol.com

  • Idea-Voda to ring in deal in Mar alongside Grasim-Nuvo vote call

    Idea-Voda to ring in deal in Mar alongside Grasim-Nuvo vote call  

    The much-awaited announcement on the mega-merger of telecom majors Vodafone and Idea Cellular might come in the first week of March, alongside voting notices that the Kumar Mangalam Birla group plans to send out to the shareholder...

    28 Feb 2017, 11.40 am  |  Source: Moneycontrol.com

  • Focus is on innovation, cost management & IT, says Marico

    Focus is on innovation, cost management & IT, says Marico   

    In an exclusive conversation with CNBC-TV18's special show - Weekender - Saugata Gupta, MD & CEO of Marico says there's room for growth in rural business.

    28 Feb 2017, 11.38 am  |  Source: CNBC-TV18

  • Lupin gets USFDA nod to market cancer drug

    Lupin gets USFDA nod to market cancer drug  

    The approved product is indicated for cleansing of the colon in preparation of colonoscopy in adults. Suprep Bowel Prep Kit had US sales of USD 207.2 million.

    28 Feb 2017, 11.24 am  |  Source: PTI

  • Rel Infra bets on defence, focus on execution, margin

    Rel Infra bets on defence, focus on execution, margin   

    Reliance Infrastructure is betting on defence and Analyst Dhirendra Tiwari says that it is well placed in terms of overall opportunity.

    28 Feb 2017, 11.23 am  |  Source: CNBC-TV18

  • Bank unions to strike today; cheque clearances may be hit

    Bank unions to strike today; cheque clearances may be hit  

    On February 28, cheque clearances and cash transactions will be crippled while ATMs are likely to be exhausted of cash after the morning hours as over nine lakh bank officers and staff are set to observe one day strike on a call b...

    28 Feb 2017, 10.55 am  |  Source: Moneycontrol.com

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