FY13 revenue growth could be closer to 18%: Rolta India

K K Singh, CMD, Rolta India told CNBC-TV18 that the company has been showing quarter on quarter increase and its margins were in excess of 40 percent EBITDA. The credit for the high margin goes to the change in there business model — a shift from...

21.03 | 0 komentar | Read More

Tata invests in technology, RD at Tel Aviv University

Tata Industries will invest USD 5 million in a new Tel Aviv University (TAU) technology fund, saying it saw the university as its Israeli research and development centre.Tata, part of Indian conglomerate Tata Group, will be the lead investor in a planned...

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Ruchi Soya enters into JV with Japan's Kagome, Mitsui

FMCG company Ruchi Soya Industries today signed an agreement with Japan's Kagome and Mitsui to set up a joint venture (JV), RuchiKagome, to manufacture tomato products in India. "Currently the total annual demand for processed tomato in the country is...

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Airlines can charge preferred seats, check-in bags: Govt

In a move that would raise the cost of air travel, the government today said it has allowed airlines to charge passengers for preferred seats on a flight, check-in baggages and meals, among other things."Civil Aviation Minister Ajit Singh has decided...

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Ruchi Soya in JV with Kagome, Mitsui for tomato products

Moneycontrol BureauSoya products and refined cooking oil maker Ruchi Soya Industries is expanding into the tomato market with a joint venture with Japan's Kagome Co and Mitsui & Co. According to the company around 17 million tons of tomatos are...

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Amazon shares hit on growth concerns

Amazon.com Inc's stock sank on Friday on concern about slowing growth at the world's largest Internet retailer.Late Thursday, the company reported slower revenue growth and offered a disappointing outlook for this quarter, exacerbating uncertainty about...

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Bajaj Auto awaits final rules on quadricycles

Even as Bajaj Auto waits for a government-appointed committee to come up with the final rules on quadricycles, the two-wheeler major continues to face opposition over the RE60 in India from competitors who have raised safety concerns amongst other...

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Make best use of your kids' time with online ready reckoner

The e-commerce space is in a frenzy of activity in the last few years- the rush of money, consolidation and a lot media buzz. The latest hot spot in this market is the children's category which has remained a relatively untapped segment in India.Three...

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Shades of grey: Many myths of media freedom

R JagannathanFirstpost.comThe sudden collapse of the Saradha Group in Bengal is yet another reminder of the fact that a huge chunk of Indian media is run by tainted money. The group set up several news channels and print publications in Hindi and Bengali,...

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'Think Learn' a venture focused on educating India

The India story is linked closely to its demographic profile. We are not just the world's largest democracy but also the youngest. This advantage could turn to be liability if the government and the private sector turned focus on scaling employability...

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Iron Men of D-street: Cos that beat Jan-March earnings estimates

Maruti Maruti Suzuki's fourth quarter standalone net profit rose better-than-expected 80 percent year-on-year to Rs 1,148 crore. Revenue was up 14 percent to Rs 13,304 crore in Jan-March. Analysts on an average were expecting it to report a net...

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To hike prices this month, eyeing 100 bps margin rise: VIP

VIP Industries , one of the biggest luggage makers had recently launched new product in its line up. Caprese handbag, launched last Diwali, is receiving good response due to aggressive pricing. The comapny's Canteen Store Department (CSD) too is...

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Expecting a beneficial Kharif season, says Rallis India

Rallis India , an agro products manufacturer, hopes that the Kharif season in the current year will be beneficial for the company based on the positive monsoon forecasts."We are looking towards a positive kharif both in terms of the way southeast...

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Localisation was key contributor to Q4 net: Maruti Suzuki

Internal measures taken on cost, the weakening yen and commodity prices helped achieve good Q4 results, says, Ajay Seth, CFO, Maruti Suzuki . Maruti Suzuki's Q4 net soared 80 percent year-on-year to Rs 1,148 crore. Talking to CNBC-TV18, Seth...

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Antique maintains buy on SpiceJet; target Rs 60

Moneycontrol BureauBrokerage house Antique Stock Broking has maintained its "buy" rating on SpiceJet with a price target of Rs 60 for the stock. The broking firm believes the Jet Airways -Etihad deal has the potential to re-rate aviation industry in...

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BMW India bets big on Indian with enhanced 7,1-Series

Apr 25, 2013, 06.25 PM IST Like this story, share it with millions of investors on M3 BMW India bets big on Indian with enhanced 7,1-Series BMW has announced the launch of its new, enhanced 7-Series. While...

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Jet-Etihad deal: Why it reeks of crony capitalism

R JagannathanFirstpost.comThe Jet -Etihad deal is further proof that India and Indians are losing the aviation war. And this coming defeat is the result of whimsical policy driven not by consumer vision but crony capitalism. This is not to say that...

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Monnet Ispat Energy raises Rs 175 cr

Monnet Ispat & Energy today said it has raised Rs 175 crore by issuing shares on preferential basis.    The decision was taken in the meeting held last month, the company said in a filing to BSE.    "Consequent...

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Tata Housing announces housing project for senior citizens

Tata Group's realty firm Tata Housing Development Company today announced its foray into housing for senior citizens with launch of first project in Bangalore with an investment of about Rs 70 crore.The 4.5 acre project 'Riva Residences' will have 187...

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NIIT Technologies signs Rs 344 cr contract with AAI

NIIT Technologies today said it has signed a Rs 344 crore multi-year contract with the Airports Authority of India for implementation of airport operations control centers across 10 cities, in partnership with communication specialist SITA."It has signed...

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60 Goa mines would be able to work once ban is lifted: CM

The Goa government today said that atleast 60 out of the 90 mines could be operational in the state once the Supreme Court lifts ban on mining activity. "Of the existing mines, 60 mines would be able to operate while the rest may have issues like proximity...

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Foreign airways' deals won't save aviation space: Expert

While hailing the Jet-Etihad deal announced on Wednesday, Saroj Datta, former executive director, Jet Airways , says foreign airways will not be able to revive Indian aviation sector."(Potential deals taking shape) is impossible to comment on. Jet's...

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Etihad confirms takes 24% stake in Jet Airways for $379m

Abu Dhabi's Etihad Airways confirmed it had taken a 24 percent minority stake in Jet Airways for USD 379 million.The Gulf carrier said in an emailed statement it would subscribe to 27.3 million new shares at Rs 754.74 per share. Jet said in a brief...

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Tata Comm partners Mercedes AMG Petronas

Tata Communications today said it has partnered with Mercedes AMG Petronas, to deliver trackside connectivity for the team at all Formula One race locations. With the new partnership, Tata Communications becomes the 'Official Managed Connectivity Supplier'...

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Maruti to discuss merging of 7 subsidiaries with itself

Country's largest car maker Maruti Suzuki India today said it will consider amalgamation of the company's seven wholly-owned subsidiaries with itself at the upcoming board meeting.In a filing to the BSE, the company said the board, in its meeting scheduled...

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Oil Min pushing for daily petrol price revision: Sources

The oil ministry is pushing state-run oil companies to revise petrol price daily in line with international rates and the rupee's value against the dollar, CNBC-TV18 reports quoting sources.Currently, oil retailers like Bharat Petroleum , Hindustan Petroleum...

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MM market shr in UVs may dip; Kotak cuts growth forecast

Moneycontrol BureauBrokerage house Kotak Securities has trimmed its earnings estimates for Mahindra & Mahindra , while retaining its "add" rating on the stock, saying upcoming utility vehicle launches could eat into its market share. "We expect...

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Hiring activity slowing among IT firms

Moneycontrol BureauFY2014 may be looking a brighter growth year than FY2013 for IT firms,  but hiring activity especially among freshers/trainees, doesn't seem to be in sync with it. Several top companies like Infosys , Wipro and HCL Tech who gave...

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Oil Min pushing for daily petrol price revision: Sources

Apr 23, 2013, 07.07 PM IST Like this story, share it with millions of investors on M3 Oil Min pushing for daily petrol price revision: Sources The oil ministry is pushing state-run oil companies to revise...

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Money laundering: HDFC Bk sings RBI's tune on systemic risk

Moneycontrol BureauPrivate sector lender HDFC Bank does not see any systemic threat to banking industry due to alleged money laundering cases exposed by a sting operation. "In respect of the sting operation, three investigations are going on," Paresh...

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Cadila Healthcare to merge certain subsidiaries with itself

Drug maker Cadila Healthcare today said its board has approved the merger of various wholly-owned subsidiaries, including Zydus Animal Health Ltd with itself.The board of directors of Zydus Animal Health Ltd (ZAHL), Live Healthcare Ltd (LHL) and Zydus...

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Mahindra Reva plans exports to Europe next year

Mahindra Reva, a part of the Mahindra Group , plans to start exporting its electric car to Europe next year, a senior company official said on Monday. "We have plans to export Mahindra Reva in Europe from 2014," Mahindra Reva Electric Vehicles, chief...

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APTEL quashes RInfra's appeal against MERC order

The Appellate Tribunal for Electricity (APTEL) has quashed Reliance Infrastructure's appeal against the adverse remarks made by the Maharashtra Electricity Regulatory Commission (MERC).Reliance Infrastructure had filed an appeal with APTEL challenging...

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SC pulls up Sahara for ignoring SEBI’s contempt plea

The Supreme Court today pulled up the Sahara Group for not replying to the market regulator Securities and Exchanges Board of India (SEBI)'s contempt plea and instead filing petitions before Allahabad High Court and Security Appellate Tribunal. The apex...

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Air India likely to fly Dreamliners by May 20

Air India likely to fly Dreamliners by May 20 Air India could start flying its 6 Boeing Dreamliners by the end of May. Aviation regulator sources told CNBC TV18 that Boeing engineers will start work on changing the battery frames on grounded Dreamliners...

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Mumbai foray to aid in margin expansion: Kolte-Patil

Kolte-Patil is perhaps Pune's most formidable real estate developer. It is also the first real estate company to announce a dividend policy 15-25 percent of its Profit After Tax (PAT). Now the company has its eye set on Mumbai and Bangalore.Explaining...

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