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GeStepAhead GrowMyMoney IThe Winning Leap Tech Control

Budget 2017

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Business News

  • See 15-20% growth in plastic biz; Q4 to be better: Sintex

    See 15-20% growth in plastic biz; Q4 to be better: Sintex   

    Samir Joshipura, Group CEO, Sintex is very optimistic of the plastic business growing at 15-20 percent post the demerger.

    23 Jan 2017, 12.06 pm  |  Source: CNBC-TV18

  • Suven Life gets patent for neuro-degenerative drug

    Suven Life gets patent for neuro-degenerative drug  

    Suven Life in a filing to BSE stock exchange announced "the grant of one product patent from Australia corresponding to the New Chemical Entities (NCEs) for the treatment of disorders associated with neurodegenerative diseases."

    23 Jan 2017, 11.56 am  |  Source: PTI

  • Suzlon bags 50.40 MW order from a power utility in Gujarat

    Suzlon bags 50.40 MW order from a power utility in Gujarat  

    "The project consists of 24 units of S97 120 metre hybrid tower with rated a capacity of 2.1 MW. Located at Kutch in Gujarat, the project will be completed by March 2017," the company said in a BSE filing.

    23 Jan 2017, 11.48 am  |  Source: PTI

  • See significant growth in digital next quarter: Persistent

    See significant growth in digital next quarter: Persistent   

    Persistent Systems came out with Q3FY17 results which met street expectations. In an interview to CNBC-TV18 Anand Deshpande, Founder, MD & CEO of the company said margins grew better than topline for the quarter ended December.

    23 Jan 2017, 11.39 am  |  Source: CNBC-TV18

  • JSW Steel says evaluating opportunities amid buyout reports

    JSW Steel says evaluating opportunities amid buyout reports  

    "JSW Steel has a vision to be a 40 million tonne steel company in line with the estimated increase in installed capacity in India to 300 million tonnes in the next decade.

    23 Jan 2017, 11.34 am  |  Source: PTI

  • RBL Bank on track to meet to 35% loan growth guidance: CEO

    RBL Bank on track to meet to 35% loan growth guidance: CEO   

    Speaking to CNBC-TV18, Vishwavir Ahuja, RBL Bank’s Managing Director and Chief Executive Officer, said unexpectedly high loan growth in the third quarter had put it on track to meet its annual guidance of 30-35 percent.

    23 Jan 2017, 11.20 am  |  Source: CNBC-TV18

  • Indiabulls cuts interest rates for existing customers by 15 bps

    Indiabulls cuts interest rates for existing customers by 15 bps  

    "The new rates will vary according to a customer's existing rate and the contract date and will effectively be in the range of 8.90 percent on the lowest side and to 10.50 percent on the higher side. Still most customers will get ...

    23 Jan 2017, 9.36 am  |  Source: PTI

  • GSPC looks at financial restructuring post ONGC deal

    GSPC looks at financial restructuring post ONGC deal  

    The Gujarat government firm, which is saddled with nearly Rs 20,000 crore of debt, has a large gas trading business, gas transmission pipelines and city gas business.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Roca eyes doubling global sales to Rs 2,000 cr in 4 years

    Roca eyes doubling global sales to Rs 2,000 cr in 4 years  

    Besides, the company, which acquired Indian brand Parryware in 2006, expects that exports from Indian unit would grow to new territories such as Australia, Europe and contribute up to 13 percent of its global sales.

    23 Jan 2017, 9.34 am  |  Source: PTI

  • Demonetisation puts brakes on Hero`s new plants

    Demonetisation puts brakes on Hero's new plants  

    The Delhi-based maker of popular motorcycles such as Splendor and Passion will fully bring on stream the Rs 1,100 crore Gujarat plant based in Halol later in the year, overshooting its earlier target of third quarter of this finan...

    23 Jan 2017, 9.31 am  |  Source: Moneycontrol.com

  • Ruias may lose Essar Steel to PE investor Farallon: Report

    Ruias may lose Essar Steel to PE investor Farallon: Report  

    Sources told ET that post a deal between lenders and Farallon with the company, the PE investor is likely to acquire 26 percent share in Essar Steel while a consortium of banks led by SBI will get 30 percent.

    23 Jan 2017, 9.30 am  |  Source: Moneycontrol.com

  • Persistent Systems to cut campus hiring to one-fourth in FY18

    Persistent Systems to cut campus hiring to one-fourth in FY18  

    Deshpande explained that campus offers are made nearly a year in advance, before the student passes his course and is ready to join the company. But many-a-time, business environments make companies defer the joining dates.

    23 Jan 2017, 9.30 am  |  Source: PTI

  • Sebi observation on insider trading puts Ratan Tata in the clear

    Sebi observation on insider trading puts Ratan Tata in the clear  

    Following complaints from Cyrus Mistry and Nusli Wadia, the country’s market regulator, observed that sharing price sensitive information with a chairman emeritus does not violate insider trading rules.

    23 Jan 2017, 8.49 am  |  Source: Moneycontrol.com

  • Bajaj drives into Indonesia again,this time pillion-riding KTM

    Bajaj drives into Indonesia again,this time pillion-riding KTM  

    Bajaj Auto that markets and manufactures the premium bike brand KTM, is making a second attempt to enter Indonesia, this time pillion-riding on the number one European bike brand.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Amway enters consumer durables segment with cookware range

    Amway enters consumer durables segment with cookware range  

    The largest direct marketing company Amway India today announced its entry into the consumer durables space with a premium cookware range under the label of Amway Queen.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Tier III cities drove 3-day sale: Amazon India

    Tier III cities drove 3-day sale: Amazon India  

    E-commerce major Amazon India saw significant growth in new customer additions in tier III cities like Virudhunagar, Sambalpur and Kolhapur during its 3-day sale that ended today.

    23 Jan 2017, 7.38 am  |  Source: PTI

  • Trump`s `Buy American, hire American` pledge spooks Indian IT

    Trump's 'Buy American, hire American' pledge spooks Indian IT  

    New US President Donald Trump's 'Buy American-hire American' rallying cry has put the $150-billion Indian IT industry on edge, which is in wait-and-watch mode to see how the new administration evolves policies around outsourci...

    22 Jan 2017, 5.24 pm  |  Source: PTI

  • TRAI may suggest Aadhaar eKYC for outstation mobile users

    TRAI may suggest Aadhaar eKYC for outstation mobile users  

    Telecom regulator TRAI is likely to recommend to the Department of Telecom (DoT) that Aadhaar-based eKYC be allowed even for outstation customers who want to get a mobile connection in a particular service area.

    22 Jan 2017, 4.34 pm  |  Source: PTI

  • Bankruptcy Code to improve ease of doing business: IBBI

    Bankruptcy Code to improve ease of doing business: IBBI  

    Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chai...

    22 Jan 2017, 4.00 pm  |  Source: PTI

  • Tata Motors picks 20 projects to cut costs, improve efficiency

    Tata Motors picks 20 projects to cut costs, improve efficiency  

    In its bid to cut costs and improve efficiency, Tata Motors has initiated around 20 projects covering the entire gamut of the company's businesses, including factories and sales network.

    22 Jan 2017, 1.38 pm  |  Source: PTI

  • Why Singapore is India Inc`s most favoured investment pick

    Why Singapore is India Inc's most favoured investment pick  

    Indian firms' total direct overseas investment increased by 32 percent to USD 2.49 billion in December, with Singapore emerging as the top destination.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Meru ups the ante against Ola & Uber with new services

    Meru ups the ante against Ola & Uber with new services  

    To compete with app-based taxi hailing services such as Ola and Uber, Meru Cabs has restructured its service offering and introduced new cab categories that can be booked through its revamped mobile application Meru Cabs.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Amway India forays into durables, launches premium cookware

    Amway India forays into durables, launches premium cookware  

    Direct selling firm Amway India has forayed into premium cookware range with the launch of its 'Amway Queen' brand, targeting Rs 100 crore revenue from the new category this year.

    22 Jan 2017, 12.24 pm  |  Source: PTI

  • Toyota expects note ban to take the wind out of its sales

    Toyota expects note ban to take the wind out of its sales  

    Japanese carmaker Toyota is expecting its vehicle sales in India to remain flat during the current year mainly on account of uncertainty in the market post demonetisation.

    22 Jan 2017, 11.38 am  |  Source: PTI

  • Steel cos seek removal of import duty, cess on coking coal

    Steel cos seek removal of import duty, cess on coking coal  

    Steel makers like Tata Steel and Visa Steel have sought removal of import duty and clean energy cess on coking coal and giving thrust to domestic infrastructure forecasting tepid global demand next year.

    22 Jan 2017, 11.02 am  |  Source: PTI

  • General Motors freezes investments on new products for India

    General Motors freezes investments on new products for India  

    Struggling to make a turnaround in India, General Motors has put on hold its investments on new models for the country as the US auto major undertakes a full review of its future product portfolio here.

    22 Jan 2017, 10.12 am  |  Source: PTI

  • Tata Comm Netherlands invests in Teleena; holds 35% stake

    Tata Comm Netherlands invests in Teleena; holds 35% stake  

    Tata Communications today said Tata Communications (Netherlands) has made an investment in the Netherlands-headquartered Teleena Holding, becoming the single largest shareholder in the company with 35 per cent stake.

    21 Jan 2017, 5.32 pm  |  Source: PTI

  • Sahara boss` parole costs SEBI over Rs 3 lakh a month

    Sahara boss' parole costs SEBI over Rs 3 lakh a month  

    SEBI has deployed constables to keep tabs on Sahara chief Subrata Roy, who owes the country's market regulator Rs 12,000 crore.

    21 Jan 2017, 3.28 pm  |  Source: Moneycontrol.com

  • Looking for bigger partnership with Cipla: Serum Institute

    Looking for bigger partnership with Cipla: Serum Institute   

    Adar Poonawala, CEO of Serum Institute, believes that a bigger partnership with Cipla will create a big Indian conglomerate. However, he added that the Cipla promoters currently have no plans for a merger and acquisition.

    21 Jan 2017, 2.51 pm  |  Source: CNBC-TV18

  • BSE raises Rs 373 crore from anchor investors

    BSE raises Rs 373 crore from anchor investors  

    Among the anchor investors are Goldman Sachs Asset Management, ICICI Prudential Mutual Fund, Kotak Mutual Fund, Citigroup, IDFC Mutual Fund, DSP Blackrock, Capital World, Reliance Capital Trustee Company and Kuwait Investment Auth...

    21 Jan 2017, 10.00 am  |  Source: PTI

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