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Business News

  • 9 bank unions to strike today; cheque clearances may be hit

    9 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

  • TimesJobs Study: 3 out of 5 employees unhappy with their jobs

    TimesJobs Study: 3 out of 5 employees unhappy with their jobs  

    Almost 50% of the total employees who hated their jobs attribute their dissatisfaction with work to people-related issues such as bad managers, annoying co-workers and disengaged teams, reveals TimesJobs survey.

    28 Feb 2017, 10.47 am  |  Source: Moneycontrol.com

  • Trump not against immigration of skilled workers: Mahindra US

    Trump not against immigration of skilled workers: Mahindra US  

    Mahindra, which has been in the US for just two decades, has now emerged as number three top selling tractor company in the country. With a nationwide network, Mahindra also provides employment to thousands of people here.

    28 Feb 2017, 10.38 am  |  Source: PTI

  • Belong raises $10m from Sequoia, Matrix

    Belong raises $10m from Sequoia, Matrix  

    Existing investor Matrix Partners India also participated in the round and the company said it will use the funds to accelerate product development, expand sales and support operations, and hire new talent across engineering, data...

    28 Feb 2017, 10.38 am  |  Source: PTI

  • Jio Prime membership opens on March 1: New tariff plans revealed

    Jio Prime membership opens on March 1: New tariff plans revealed  

    For Jio Prime Members, two more monthly plans will be available other than the Rs 303 plan announced last week. The cheapest monthly plan is Rs 149 which offers free domestic voice and 2GB data without any daily limits. Another pl...

    28 Feb 2017, 10.31 am  |  Source: Moneycontrol.com

  • Airtel revenue may fall by 1% post roaming cost cut: PhillipCap

    Airtel revenue may fall by 1% post roaming cost cut: PhillipCap   

    Naveen Kulkarni of PhillipCapital is of the opinion that Reliance Jio finally becoming paid does not spell good news for incumbents. He instead says that the Rs 303 scheme introduced by Mukesh Ambani last week is very competitive ...

    28 Feb 2017, 10.18 am  |  Source: CNBC-TV18

  • Did you know? Every 9 in 10 AAI airports are running a loss

    Did you know? Every 9 in 10 AAI airports are running a loss  

    AAI in FY16, made profits of Rs 2,537 crore. Almost a fifth of its profits, around Rs 560 crore, was given to the Centre as dividend for the same period.

    28 Feb 2017, 10.14 am  |  Source: Moneycontrol.com

  • Mercedes E Class, BMW 5 Series to slug it out

    Mercedes E Class, BMW 5 Series to slug it out  

    Two noted German heavyweights Mercedes-Benz E Class and BMW 5 Series will take on each other in the mid-luxury sedan segment in the coming weeks.

    28 Feb 2017, 10.04 am  |  Source: Moneycontrol.com

  • Titan forays into premium sarees, women`s ethnic wear

    Titan forays into premium sarees, women's ethnic wear  

    The company has opened its first Taneira store at here that has a collection of handwoven sarees and ethnic wears from across the country with products ranging up to Rs 2.5 lakh.

    28 Feb 2017, 9.10 am  |  Source: PTI

  • Nokia 3310 makes a comeback, to hit Indian market next quarter

    Nokia 3310 makes a comeback, to hit Indian market next quarter  

    HMD Global, which has struck a 10-year brand licensing agreement with Nokia for mobile phones and tablets, will also bring in Android-powered Nokia 6, Nokia 5 and Nokia 3 to India in the second quarter of this year.

    28 Feb 2017, 9.10 am  |  Source: PTI

  • HDFC Life ties-up with ET Money to launch data-led policy

    HDFC Life ties-up with ET Money to launch data-led policy  

    This is the country's first term insurance plan based on the spend pattern of the users, the private insurer said in a release.

    28 Feb 2017, 9.08 am  |  Source: PTI

  • Coal India arm SECL approves Rs 1,200 cr share buyback plan

    Coal India arm SECL approves Rs 1,200 cr share buyback plan  

    The equity shares proposed to be bought back by SECL represent 4.18 percent of the existing paid up capital of South Eastern Coalfields Ltd, it said.

    28 Feb 2017, 8.32 am  |  Source: PTI

  • Tata Sons agrees to pay $1.17 bn to NTT DoCoMo as damages

    Tata Sons agrees to pay $1.17 bn to NTT DoCoMo as damages   

    In 2009, the Japanese telecom giant invested around USD 2.6 billion in order to buy a 26.5 percent stake in Tata Teleservices (TTSL). It later deemed the venture as its “worst” overseas investment, and sought USD 1.17 billion ...

    28 Feb 2017, 8.30 am  |  Source: CNBC-TV18

  • Uber fires Amit Singhal over past sexual harassment complaint

    Uber fires Amit Singhal over past sexual harassment complaint  

    American taxi hailing company Uber has asked Amit Singhal, Senior Vice-President of Engineering division, to leave after he failed to disclose that he left Google a year earlier over sexual harassment allegations. The charges rais...

    28 Feb 2017, 8.28 am  |  Source: Moneycontrol.com

  • JSW Group may enter aviation business riding on RCS scheme

    JSW Group may enter aviation business riding on RCS scheme  

    While the current plan is limited to providing connectivity to its plant, the company may look at a commercial business in the future.

    28 Feb 2017, 8.19 am  |  Source: Moneycontrol.com

  • SAIL to ramp up mfg, to offer tailor made steel products

    SAIL to ramp up mfg, to offer tailor made steel products  

    SAIL Chairman P K Singh undertook a review meeting of the marketing performance of the company a few days earlier.

    28 Feb 2017, 7.50 am  |  Source: PTI

  • Central Bank of India raises Rs 500 cr through bonds

    Central Bank of India raises Rs 500 cr through bonds  

    The bank will offer an interest rate of 8.62 percent per annum to the bond holders, the bank said in a regulatory filing.

    28 Feb 2017, 7.50 am  |  Source: PTI

  • Providence to sell 3.33% holding in Idea Cellular

    Providence to sell 3.33% holding in Idea Cellular  

    The PE firm had picked up 15 percent in 2006 through its investment arm P5 Asia Investment (Mauritius) for around Rs 1,800 crore and has been paring its holding continuously over the years. Last June it had sold 3.47 percent in th...

    28 Feb 2017, 7.50 am  |  Source: PTI

  • Fitch Affirms India`s NHPC at `BBB-`; withdraws Ratings

    Fitch Affirms India's NHPC at 'BBB-'; withdraws Ratings  

    Fitch Ratings has affirmed state-run hydro power producer NHPC the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with stable outlook -- reflecting its robust operating and financial profile.

    27 Feb 2017, 10.20 pm  |  Source: PTI

  • Need to keep pace with industry on tech upgradation: Sun Pharma

    Need to keep pace with industry on tech upgradation: Sun Pharma   

    The 2-day Indian Pharma Alliance Conference concluded on Friday and speaking at the conference, Founder and MD of Sun Pharma, Dilip Shanghvi as well as Pankaj Patel of Zydus Cadila say that efforts are underway to meet global qual...

    27 Feb 2017, 10.02 pm  |  Source: CNBC-TV18

  • Amansa sells 2.56% stake in Cholamandalam for Rs 388 crore

    Amansa sells 2.56% stake in Cholamandalam for Rs 388 crore  

    Foreign fund Amansa Holdings today offloaded its entire 2.56 per cent stake in Cholamandalam Investment and Finance Company for a little over Rs 388 crore through an open market transaction.

    27 Feb 2017, 9.24 pm  |  Source: PTI

  • Canara HSBC OBC Life Insurance launches iSelect term plan

    Canara HSBC OBC Life Insurance launches iSelect term plan  

    Canara HSBC Oriental Bank of Commerce Life Insurance today expanded its online product suit with the launch of iSelect term plan meant for family protection.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • Welspun Enterprises` Rs 270 cr buyback offer to open on Mar 3

    Welspun Enterprises' Rs 270 cr buyback offer to open on Mar 3  

    Welspun Enterprises, part of USD 2.3 billion Welspun Group, had earlier announced plans to buy back up to 25 percent of its share capital.

    27 Feb 2017, 9.16 pm  |  Source: PTI

  • BSNL to sign pact with Nokia on 5G, IoT applications

    BSNL to sign pact with Nokia on 5G, IoT applications  

    State-owned Bharat Sanchar Nigam Ltd is all set to sign a memorandum of understanding with Nokia in the areas of 5G and Internet of Things (IoT).

    27 Feb 2017, 9.14 pm  |  Source: PTI

  • Tata Comm, HPE to build world`s largest IoT network in India

    Tata Comm, HPE to build world's largest IoT network in India  

    Hewlett Packard Enterprise (HPE) today said it is working with Tata Communications to support the roll-out of India's first LoRaWAN-based network.

    27 Feb 2017, 8.40 pm  |  Source: PTI

  • India firms fear lingering economic aftershocks from cash ban

    India firms fear lingering economic aftershocks from cash ban  

    Struggling with customers unable to pay on time and plummeting sales, Indian small-business owner Ravi Jain fears the government's crackdown on cash will have a much larger impact than predicted by top policymakers.

    27 Feb 2017, 8.36 pm  |  Source: Reuters

  • Varun Beverages raises Rs 300 cr via debentures

    Varun Beverages raises Rs 300 cr via debentures  

    PepsiCo's bottler Varun Beverages today said it has raised Rs 300 crore by issuing non-convertible debentures (NCD) to RBL Bank and Kotak Mahindra Bank on private placement basis.

    27 Feb 2017, 8.02 pm  |  Source: PTI

  • LIC agents to go digital; to get PoS for premium collection

    LIC agents to go digital; to get PoS for premium collection  

    "As part of the strategy for the less cash economy, LIC is also gearing up for providing PoS machines to its few lakhs active agents initially so that premium collection can be done in digitally," a senior official said.

    27 Feb 2017, 8.00 pm  |  Source: PTI

  • Young Turks: The start-up struggle

    Young Turks: The start-up struggle   

    India's start-up ecosystem in is a state of flux, Snapdeal is handing out pink slips and many companies are seeing write-downs. What does the future hold? To discuss this, Arun Sarin, Former Global CEO of Vodafone and now an angel...

    27 Feb 2017, 7.26 pm  |  Source: CNBC-TV18

  • Have few solid operators, encourage consolidation: Mittal

    Have few solid operators, encourage consolidation: Mittal  

    Most regulators still live in "analogue world", India's telecom tycoon Sunil Bharti Mittal said on Monday, nudging them to allow consolidation.

    27 Feb 2017, 7.26 pm  |  Source: PTI

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