Trai starts CDMA spectrum valuation process for new bids

After a series of communication with the Department of Telecom (DoT), sectoral regulator Trai today invited views of interested entities on valuation of CDMA spectrum proposed to be sold through auction."On 12th December 2013, the DoT requested the Authority...

21.03 | 0 komentar | Read More

Cooper Tire terminates $2.5 bn deal with Apollo Tyres

Cooper Tire & Rubber Co said it was not going ahead with a USD 2.5-billion merger with Apollo Tyres . Cooper said Apollo notified the company that financing for the deal was no longer available."It is time for our business to move forward. Cooper...

21.03 | 0 komentar | Read More

We have invested $50 m in Vietnam: CCL Products

CCL Products  is a leading contract manufacturer of instant coffee for overseas branded coffee marketers. According to an IIFL report, "Thanks to regulatory approval to increase capacity utilisation in its Vietnam plant… CCL expects to clock almost...

21.03 | 0 komentar | Read More

NPA menace: Banks must take haircut, says KV Kamath

The Reserve Bank of India (RBI) has raised the red flag over the rise in bad loans once again in its Financial Stability Report. The central bank says that NPAs will rise from 9 percent to 10 percent of banks' total assets in a year . Speaking exclusively...

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FIPB nod to encourage other players to invest in India: PwC

The Foreign Investment Promotion Board's (FIPB) on Monday approved Vodafone Plc's proposal to hike 100 percent stake in its Indian subsidiary and Tesco's proposal to pick up stake in Trent 's hypermarket subsidiary. Speaking to CNBC-TV18, Akash Gupta,...

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Vineet Nayar steps down from HCL Tech Board

Dec 27, 2013, 08.00 PM IST Nayar, who has been a Director of the company since 2008, will continue to engage with HCL Technologies and HCL Corporation as a Senior Advisor, HCL Technologies said in a statement. Tags  HCL Tech...

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RBI lifts curbs on purchase of shares in Axis Bank by FIIs

The Reserve Bank today lifted curbs imposed on purchase of  Axis Bank shares by foreign institutional investors (FIIs), post government approval to increase foreign shareholding in the domestic lender."...consequent upon approval from Government...

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CCI okays United Spirits deal to sell Tamil Nadu distillery

Fair trade watchdog CCI has cleared Vijay Mallya-led United Spirits ' proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, as the deal does not raise adverse competition concerns.The deal involves hiving off entire operations at the unit...

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Rico Auto focuses on exports to drive growth

In an interview to CNBC-TV18, Arvind Kapur of  Rico Auto spoke about the latest happenings in his company and the road ahead.Below is a verbatim transcript of the interview on CNBC-TV18 Q: Rico Auto stock has been buzzing quite a bit. It is up...

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PCMA opposes ban on PET packaging of drugs

PET Container Manufacturers Association (PCMA) has opposed the recommendations of Union Health Ministry's Drug Technical Advisory Board (DTAB) demanding ban on use of PET containers for the packaging of pharmaceutical products.The DTAB recommendations...

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PCMA opposes ban on PET packaging of drugs

PET Container Manufacturers Association (PCMA) has opposed the recommendations of Union Health Ministry's Drug Technical Advisory Board (DTAB) demanding ban on use of PET containers for the packaging of pharmaceutical products.The DTAB recommendations...

21.03 | 0 komentar | Read More

CCI okays United Spirits deal to sell Tamil Nadu distillery

Fair trade watchdog CCI has cleared Vijay Mallya-led United Spirits ' proposed sale of a distillery in Tamil Nadu to Enrica Enterprises, as the deal does not raise adverse competition concerns.The deal involves hiving off entire operations at the unit...

21.03 | 0 komentar | Read More

Rico Auto focuses on exports to drive growth

In an interview to CNBC-TV18, Arvind Kapur of  Rico Auto spoke about the latest happenings in his company and the road ahead.Below is a verbatim transcript of the interview on CNBC-TV18 Q: Rico Auto stock has been buzzing quite a bit. It is up...

21.03 | 0 komentar | Read More

RBI lifts curbs on purchase of shares in Axis Bank by FIIs

The Reserve Bank today lifted curbs imposed on purchase of  Axis Bank shares by foreign institutional investors (FIIs), post government approval to increase foreign shareholding in the domestic lender."...consequent upon approval from Government...

21.03 | 0 komentar | Read More

Vineet Nayar steps down from HCL Tech Board

Dec 27, 2013, 08.00 PM IST Nayar, who has been a Director of the company since 2008, will continue to engage with HCL Technologies and HCL Corporation as a Senior Advisor, HCL Technologies said in a statement. Tags  HCL Tech...

21.03 | 0 komentar | Read More

NALCO bags 'excellent' MoU score

With reference to the MoU signed with Union Ministry of Mines, Navratna PSU National Aluminium Company Ltd ( NALCO ) has been awarded 'Excellent' MoU score of 1.5 by the Department of Public Enterprises for its outstanding performance in 2012-13, according...

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Brigade Ent buys land in Bengaluru for Rs 69 cr

Brigade Enterprise  has bought land near Bengaluru for close to Rs 70 crore. The company has bought around 2.25 acre from Hindustan Coca-Cola to develop office space. Suresh Kris, CFO, Brigade Enterprise, discusses company's future plans on CNBC-TV18.Below...

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CNG rate increase due to court orders: IGL

A day after hiking CNG price by a steep Rs 4.50 per kg,  Indraprastha Gas (IGL) today said the rate increase was forced by court orders that led to cut in allocation of cheaper domestic natural gas.    Following a Gujarat High...

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Are Kellogg's, HUL victim of multinational ego in India?

R JagannathanFirstpost.comShould a company that's crossed a turnover of Rs 500 crore after nearly 20 years in the business be congratulating itself? Especially when the business is food, an area where rank outsiders have scaled up in almost no time?...

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MakeMyTrip says passenger growth robust despite high fares

Rajesh Magow, Co-founder and Ceo – India, MakeMyTrip Inc, spoke with CNBC-TV18 about the festive season and whether consumers have put off traveling due to high fares.Also read: CCI to probe high air fares for 5th time Below is the transcript of the...

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Expect margins to rise to 13% in FY15: Havells

Anil Rai Gupta, Joint Managing Director, Havells India , believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.About 25 percent of the company's business comes from the industrial segment,...

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Have cut borrowing costs by 1% this fiscal: Prestige Est

Despite a general slowdown across real estate market,  Prestige Estates has seen a strong second quarter and a successful first half.According to a Firstcall Research report, Prestige Estates Projects achieved a turnover of Rs 475.3 crore for the...

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Demand to revive soon; price hike likely: Shree Cements

Cement prices have fallen 3-7 percent month-on-month (M-o-M) across regions in December. Industry participants attribute this to weak demand trend and most now expect a meaningful pick-up only after elections, as infra activity picks up, said a...

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NPLs likely to stay above 5% till Q4FY14: Andhra Bank

The quantum of non-performing loans (NPLs) at  Andhra Bank is likely to stay above 5 percent for the rest of the financial year, CVR Rajendran, CMD, Andhra Bank , told CNBC-TV18.Rajendran added that he expected the bank's earnings to improve by...

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Govt ups Axis Bank's foreign ownership limit to 62%

The Cabinet Committee on Economic Affairs (CCEA) on Thursday hiked the foreign ownership limit in  Axis Bank to 62 percent from an earlier cap of 49 percent.As per the current share price, the move could result in a capital inflow of Rs 7,250...

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Expect high-end work; Hollywood projects: Visual Computing

Post Dhoom 3, Pankaj Khandpur, Creative Director, Visual Computing Labs expects to get more high end work as people in India realise such work can be done here as opposed to getting it done overseas.Over the last week, some queries have even come in...

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