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The Reserve Bank has decided to slash clearance time for National Electronic Funds Transfer (NEFT) in an attempt to enhance efficiency of the electronic payment system and add to customer convenience.

Lightings segment weak, others to aid growth: Bajaj Electricals

The negative growth of around 31 percent in the lighting segment led to - 5.4 percent growth in consumer products, which in turn was the reason for a poor second quarter performance, said Shekhar Bajaj, Chairman & Managing Director, Bajaj Electricals.

LED biz growing; expect better topline growth by Q4: Eveready

"Because of better margins in the LED segment and better efficiencies in manufacturing, in the battery segment, the company has been able to post its highest ever operating margin in the recent few quarters", Amritanshu Khaitan, MD of Eveready India told CNBC-TV18.

Eveready hit by low volumes, LED product delays in Q1: MD

Amritanshu Khaitan, Managing Director of Eveready India, attributes to the flat topline growth in the first quarter to lower batter volumes and a revenue hit on account of some delays in commissioning of LED products.

Govt mulls selling LED bulbs at Rs 44 under DELP scheme

Government is looking to provide LED bulbs at Rs 44, which is much lower than current retail price of around Rs 300, under its DELP scheme to discourage use of inefficient incandescent bulbs.

Bajaj Electricals Q3 net loss at Rs 52.26 cr on lower sales

The company had reported a net profit of Rs 20.03 crore in the same period of the previous fiscal, Bajaj Electricals said in a BSE filing. Net sales during the October-December period this fiscal increased marginally by 0.27 percent to Rs 1,029.27 as against Rs 1026.42 crore in the same period last year.

Saw post Diwali pickup; next 4 months critical: Bajaj Elec

Bajaj Electricals CMD Shekhar Bajaj says with winter not setting in yet, sales of winter-dependent products are yet to pick up. Also, with online retailers offering such steep discounts, there is confusion in the minds of consumers.

Crompton Greaves to acquire lighting unit of Karma Ind

Crompton Greaves today said it will acquire compact fluorescent lamp (CFL) manufacturing business of Himachal Pradesh-based Karma Industries.

Veto Switchgears IPO attractively valued: KM Global

KM Global Finserv has come out with its report on "Veto Switchgears & Cable IPO". The research firm has recommended investors to subscribe to the issue as the company has demonstrated steady growth and is available at an attractive valuation relative to large players such as V-Guard.

CFL bulbs dim out in Delhi

The slump in the carbon credit market has scuttled Delhi’s attempt to save energy.

Young Turks: Two men endeavour to light up rural lives

This episode of Young Turks Dream Decade brings you the story of maveric entrepreneurs- Gyanesh Pandey and Sudesh Menon- who quit their comfortable jobs with one dream of lighting up the lives of rural Indians by providing cheap, renewable and pollution-free electricity and clean drinking water to the teeming millions.