Vineetha Athrey

They may have finally got the SC's green signal, but Karnataka's mines are still not functioning in full force. So far 77 mines have implemented Reclamation & Rehabilitation, which is a prerequisite to restart mining, but only 19 have started operations.

United Spirits' share sale to Diageo void: Karnataka HC

The Karnataka High Court has held that the share sale of United Spirits Ltd (USL) to Diageo by United Breweries Holding Ltd (UBHL) is void. The court passed the ruling while admitting an appeal against the USL-Diageo deal by creditors of UBHL.

Bangalore ATM attack aftermath: Life gets harder for guards

Severe shortage of trained security guards has left banks with no option but to shut down several ATMs even in the central business district.

Nilekani's new role: Congress candidate in LS elections '14

Nandan Nilekani is reportedly getting ready to fight for a new role in life as he represents the congress from Bangalore south that is his home region.

Karnataka HC summons Mallya over UBHL winding-up pleas

The Karnataka High Court has pulled up UBHL for non-compliance of its earlier order.

Karnataka mining: Return to normalcy nowhere in sight!

The situation for mining and steel companies in Karnataka continues to be grim despite the Supreme Court order allowing some of the mines to resume operations.

Second phase of Bangalore Metro to get approval by Sept

Bangalore's public transport infrastructure will soon go up one notch further. The second phase of the Bangalore metro project is expected to get central government approval in September. The Bangalore metro rail corporation has started exploring funding options, including tapping the domestic bond markets, reports CNBC-TV18's Vineetha Athrey.

Political instability sours business sentiment in Karnataka

Political instability has been one of the main reasons why business sentiment has taken a beating in Karnataka. But with a new Chief Minister in place the second replacement following Yedyurappa's infamous exit post the illegal mining scam, the question is are things going to change for the better? reports CNBC-TV18's Vineetha Athrey.

United Spirits plans to sell non-core assets to cut debt

After touching 120 million cases in volume sales in FY12, United Spirits now wants to focus on driving revenues over volumes. However, debt continues to be a major concern for the company.

Puravankara to lure NRIs, opens office in Saudi Arabia

RBI's status quo policy has not derailed Bangalore-based developer Puravankara's ambitious growth drive for FY13. So, other than planning a slew of new launches back home the company is also trying to lure in NRI customers with a sales office in Saudi Arabia, reports CNBC-TV18's Vineetha Athrey.

Bicycle sales to take a hit post import duty hike

With the budget hiking import duties on bicycles by a sharp 20%, the industry is worried that it will have to pass on these hikes to consumers, which in turn could slow down sales, reports CNBC-TV18s Vineetha Athrey.

Puravankara Projects: 3-pronged growth strategy

Bangalore-based real estate firm Puravankara Projects has drawn up a 3-pronged strategy to accelerate growth in FY13. CNBC-TV18's Vineetha Athrey reports that the company is banking on entering an untapped segment.

SEBI working on exit mechanism for non-trading exchanges

From firming up an exit mechanism for non-trading stock exchanges, to plugging gaps in the KYC norms, to reviewing insider-trading rules…SEBI has its hands full.

Bangalore real estate bets big on rental income

Real estate developers in Bangalore see outright sale of projects as killing the goose that lays the golden egg.

Arcelor Mittal to begin steel plant construction in K'taka

It is learnt from sources that the company has chalked out plans for the first phase of its 6 MTPA plant in the state. The construction will happen in two phases of 3 MTPA each.

Titan plans business on Fastrack, eyes Rs 3Kcr sales by '15

Titan has major growth plans for its youth brand Fastrack. This includes tapping into the largely unorganised accessory space in a big way, increasing its retail presence and exploring newer segments.

ACC adds 3 million tonne to its annual capacity

ACC is in expansion mode. The company has just increased its overall capacity from 27 million tonne to 30 million tonne per annum, reports CNBC-TV18's Vineetha Athrey.

Tommy Hilfiger bets big on India; Arvind JV a win-win deal

Global apparel and accessories brand Tommy Hilfiger has picked a more direct route into India. It has bought out its partner Murjani Group's stake in Arvind Murjani brands and become Arvind's new 50:50 partner, reports CNBC-TV18's Vineetha Athrey.

Brigade Developers plans fund raising for new launches

Bangalore-based brigade developers are looking to raise project-specific debt. These funds will be deployed into the 10 million square feet of new launches that the company is planning for FY12.

K'taka govt hunts for alternative sites for POSCO Project

After Orissa, Posco is now facing trouble in Karnataka. BS Yeddyurappa, chief minister of Karnataka says Posco is to be shifted out of Gadag, following farmer protests, reports CNBC-TV18's Vineetha Athrey quoting sources.

United Spirits to cross 112m cases in sales this year

United Spirits is gearing up to capture 45% of the Indian made foreign liquor or IMFL category and grab the top spot in FY11. CNBC-TV18's Vineetha Athrey reports what lies ahead for the company, both organically and inorganically.

IT bids adieu to big hikes

The huge salary hikes doled out by IT companies last year to beat attrition are a thing of the past. CNBC-TV18’s Vineetha Athrey says the fat salaries are history this year.

Garment retailers shut stores to protest govt's duty levy

Apparel retailers are protesting the newly-imposed additional 10% duty announced in the budget on branded apparels. Clothes manufacturers across the country shut down factories on March 4 to protest the government's 10% excise duty levy. Now, retailers too have joined in, report CNBC-TV18’s Malvika Jain and Vineetha Athrey.

Biocon delivers stellar Q3 nos, plans to diversify biz

Biocon has had a spectacular third quarter. Its consolidated revenues for the period have surged 15%, and this has helped net profit jump 25%. CNBC-TV18's Vineetha Athrey finds out what Biocon's doing right, and what lies ahead.

Puravankara shifts gears, unveils blueprint for 2011

The dark veil of the slowdown has finally lifted from over Bangalore's real estate market. And Puravankara, which had put new launches on hold, is now getting back to the drawing board. Vineetha Athrey reports.