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  • Mistry says Vijay Singh cooking up stories to defend Tata

    Mistry says Vijay Singh cooking up stories to defend Tata  

    Cyrus Mistry today escalated his war of words with Tatas by accusing Vijay Singh, a nominee director on the Tata Sons board, of cooking up theories "to defend his role in the conspiracy" hatched by Ratan Tata to sack him as the ch...

    11 Dec 2016, 7.34 pm  |  Source: PTI

  • Mistry misled to become chairman, retracted on promises:Tatas

    Mistry misled to become chairman, retracted on promises:Tatas  

    Escalating the boardroom battle at India's largest conglomerate, Tata Sons today charged Cyrus P Mistry of misleading to get selected as Chairman, retracting on his promises, concentrating powers and using free-hand given to him t...

    11 Dec 2016, 6.04 pm  |  Source: PTI

  • Ruia sent to 14-day police custody, fresh charges slapped

    Ruia sent to 14-day police custody, fresh charges slapped  

    Ruia Group chairman Pawan Ruia was today remanded in 14 days' police custody and fresh charges including of criminal conspiracy slapped on him, a day after he was arrested by the West Bengal CID in connection with a complaint of ...

    11 Dec 2016, 5.52 pm  |  Source: PTI

  • SBI Cards to launch Rs 25,000-limit credit cards soon

    SBI Cards to launch Rs 25,000-limit credit cards soon  

    To tap opportunities arising out of limited cash supply, SBI Cards will soon launch a credit card with a cap of Rs 25,000 for those at the lower strata of the society, who have the capacity to pay but don't have cards, a top compa...

    11 Dec 2016, 3.40 pm  |  Source: PTI

  • `Cement industry to see pick-up in demand from next month`

    'Cement industry to see pick-up in demand from next month'  

    Domestic cement industry, which is facing demand constraints post demonetisation, may witness a pick up from January with likely normalcy in liquidity, says a report.

    11 Dec 2016, 12.56 pm  |  Source: PTI

  • BoB in talks to buy Central Bank`s housing finance arm

    BoB in talks to buy Central Bank's housing finance arm  

    Looking to strengthen its position in the home loan segment, Bank of Baroda is in talks to buy a majority stake in Cent Bank Home Finance (CBHFL), the housing finance subsidiary of Central Bank of India, say sources.

    11 Dec 2016, 12.42 pm  |  Source: PTI

  • Nine of top 10 firms add Rs 56,112 cr in m-cap; ONGC, RIL shine

    Nine of top 10 firms add Rs 56,112 cr in m-cap; ONGC, RIL shine  

    The combined market valuation of nine of the top 10 most valued companies surged by Rs 56,112 crore last week, as the benchmark indices recorded their best gains since September 2, with ONGC and RIL emerging as the biggest gainers...

    11 Dec 2016, 11.54 am  |  Source: PTI

  • Demonetisation took a toll on rural sales of FMCG cos: GCPL

    Demonetisation took a toll on rural sales of FMCG cos: GCPL  

    The FMCG industry, which was looking forward to good sales following a robust monsoon this year, has been impacted by demonetisation, according to Godrej Consumer Products.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • Earnings, spending take a hit post demonetisation: Report

    Earnings, spending take a hit post demonetisation: Report  

    Post demonetisation, earnings and spending take a hit across India, with Bihar, Jharkhand and Orissa witnessing maximum decline in earnings, says a survey.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • Middle class demand spurs luxury market growth by 25%: Report

    Middle class demand spurs luxury market growth by 25%: Report  

    Rising middle class and greater awareness of global brands helped luxury market in India to grow by 25 percent to USD 18.5 billion, says a report.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • India needs to invest more in public healthcare: WHO

    India needs to invest more in public healthcare: WHO  

    India needs to invest more in public healthcare and build a robust health delivery system in all aspects, including infrastructure and human resources,with special focus on rural areas, the WHO today said.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • ONGC awaits DGH nod for $5-billion KG-D5 gas development plan

    ONGC awaits DGH nod for $5-billion KG-D5 gas development plan  

    State-owned Oil and Natural Gas Corp is awaiting nod of upstream regulator DGH to commence investing USD 5.07 billion in bringing to production oil and gas discoveries in its Bay of Bengal block KG-D5.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • Airtel Payments Bank set to extend pilot to southern states

    Airtel Payments Bank set to extend pilot to southern states  

    Having opened over one lakh savings accounts within a fortnight of launch of its pilot services in Rajasthan, Airtel Payments Bank is gearing up to extend the services to southern states starting this week.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • IOC keen to buy 26% stake in GSPC`s Mundra LNG terminal

    IOC keen to buy 26% stake in GSPC's Mundra LNG terminal  

    State-owned Indian Oil Corp is in talks to buy 26 percent stake in debt-laden Gujarat State Petroleum Corp's almost-completed Rs 4,500 crore Mundra LNG import terminal in Gujarat.

    11 Dec 2016, 11.54 am  |  Source: PTI

  • Mistry seeks shareholders support to stay on Tata Power board

    Mistry seeks shareholders support to stay on Tata Power board  

    Seeking support of Tata Power shareholders against promoters' proposal to remove him from the board, Cyrus Mistry has said that the company fared better than most of its competitors during his tenure.

    10 Dec 2016, 5.36 pm  |  Source: PTI

  • VIEW: Three reasons why Trump`s rhetoric won’t spook IT sector

    VIEW: Three reasons why Trump's rhetoric won’t spook IT sector  

    A social media tweet at the peak of US election compared then Republican nominee and now President-elect Donald Trump as the Raj Thackeray of USA, in an apparent reference to the latter’s protectionist, sometimes violent, agenda...

    10 Dec 2016, 4.36 pm  |  Source: Moneycontrol.com

  • IT, Telcos seek ease of doing biz, manufacturing push in Budget

    IT, Telcos seek ease of doing biz, manufacturing push in Budget  

    IT and Telecom industry bodies have sought measures in the upcoming Budget to promote ease of doing business, incentives for R&D investments and push for domestic manufacturing.

    10 Dec 2016, 3.38 pm  |  Source: PTI

  • Coca-Cola names Quincey as next CEO, Kent stays as Chairman

    Coca-Cola names Quincey as next CEO, Kent stays as Chairman  

    Coca-Cola CEO Muhtar Kent will step down from that role next year and be succeeded by the company's No 2 executive, Chief Operating Officer James Quincey, the company announced today.

    10 Dec 2016, 3.22 pm  |  Source: PTI

  • ICAI should rethink its demonetisation advisory to members: Pros

    ICAI should rethink its demonetisation advisory to members: Pros   

    Advisory on illegal activities by chartered accountants if any is welcome move but advisory not hearing any negative views on demonetisting by any ICAI member is a bit of an overreach, says V Balakrishnan, Former CFO, Infosys.

    10 Dec 2016, 1.30 pm  |  Source: CNBC-TV18

  • Banks expect huge rush for cash after 3-day break

    Banks expect huge rush for cash after 3-day break  

    Bankers are anticipating huge rush for withdrawals when they open for public dealing after the break.

    10 Dec 2016, 11.14 am  |  Source: PTI

  • Tata Motors global sales rise 1% in November

    Tata Motors global sales rise 1% in November  

    Tata Motors today reported a 1 per cent rise in global sales at 91,832 units, including that of Jaguar Land Rover (JLR) vehicles, in November

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Idea Cellular to raise Rs 1,500 cr debt from market

    Idea Cellular to raise Rs 1,500 cr debt from market  

    Telecom operator Idea Cellular today said that it will raise Rs 1,500 crore through issue of debntures on private placement on December 13.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Axis Bank buys 13.6% stake of IFCI stake in ACRE for Rs 23cr

    Axis Bank buys 13.6% stake of IFCI stake in ACRE for Rs 23cr  

    With this, IFCI has transfered 73.28 lakh shares of ACRE, an asset reconstruction company engaged in the acquisition of assets (NPAs) from Banks/FIs and their resolution, to Axis Bank.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Blackstone sells 4.75% stake in MCX for Rs 302-cr

    Blackstone sells 4.75% stake in MCX for Rs 302-cr  

    Private-equity giant Blackstone Group today offloaded 4.75 per cent stake in Multi Commodity Exchange of India (MCX) for an estimated Rs 302 crore through an open market transaction.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • Telecom customer base reached to 1074 mn with Jio entry in Sep

    Telecom customer base reached to 1074 mn with Jio entry in Sep  

    Cutting short two months of decline, telecom subscriber base rose by 1.98 per cent to 1074.24 million in the country at September-end mainly boosted by the formal launch of services by newcomer Reliance Jio.

    09 Dec 2016, 9.34 pm  |  Source: PTI

  • IL&FS Engineering lowest bidder for Rs 225-cr order

    IL&FS Engineering lowest bidder for Rs 225-cr order  

    IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) has emerged as the lowest bidder for Rural Electrification (RE) Works worth Rs 225 crore of Jharkhand Bijli Vitran Nigam(JBVNL).

    09 Dec 2016, 8.18 pm  |  Source: PTI

  • Apple invests in Chinese wind farms

    Apple invests in Chinese wind farms  

    Apple has struck a partnership with the world's largest wind turbine maker, the American company said, marking the tech giant's largest clean energy project to date.

    09 Dec 2016, 7.34 pm  |  Source: PTI

  • BSNL suffered Rs 1,721-cr loss in June quarter: Govt

    BSNL suffered Rs 1,721-cr loss in June quarter: Govt  

    State-owned Bharat Sanchar Nigam Ltd's losses in the April-June quarter this fiscal stood at Rs 1,721 crore while total income was at Rs 7,331 crore, Rajya Sabha was informed today.

    09 Dec 2016, 7.34 pm  |  Source: PTI

  • Top 100 cos created Rs 28 lakh cr wealth in past 5 years: Study

    Top 100 cos created Rs 28 lakh cr wealth in past 5 years: Study  

    Country's top 100 companies in terms of market valuation have generated Rs 28.4 lakh crore wealth in the last five years, with Tata Group firm TCS retaining the numero uno position in the chart, says a latest study.

    09 Dec 2016, 5.32 pm  |  Source: PTI

  • UPL`s subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr

    UPL's subsidiary sells 19.22% stake in Villa Crop for Rs 22 cr  

    Agro-chemical major UPL Ltd today said its Mauritius-subsidiary has sold 19.22 per cent stake in Villa Crop Protection for Rs 22 crore.

    09 Dec 2016, 5.32 pm  |  Source: PTI

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