GSK lifts EM bet with full control of Indonesia arm

GSK has paid 465 billion rupiahs to Sarasvati Venture Capital for the 30 percent of the Indonesian consumer healthcare operation it did not previously own, giving it 100 percent of a business that sells non-prescription products like Panadol painkillers...

21.04 | 0 komentar | Read More

DoT wing clears Qualcomm-Airtel deal

As per the notice inviting application (NIA) issued forthe auction, a new applicant must retain at least 26 percent stake but it was not specified till what time it must be retained. The DoT had sought clarifications from the wing whether a successful...

21.04 | 0 komentar | Read More

Vedanta donations to political parties ruled illegal

India's two main political parties both broke laws barring foreign donations by accepting cash from local companies owned by London-listed mining group Vedanta Resources Plc between 2004 and 2012, the Delhi High Court said on Friday. The judgment...

21.04 | 0 komentar | Read More

'Young Turks' explores RedQuanta, a mystery shopping firm

India's leading mystery shopping firm RedQuanta, founded by 34 year old Pankaj Guglani is registered with over 30,000 mystery shoppers currently catering over 200 clients. India's leading mystery shopping firm RedQuanta, founded by 34 year old Pankaj...

21.04 | 0 komentar | Read More

YT Newsfeed: What kept entrepreneurs busy this week

Here is a round up of all the entrepreneurial headlines of the week gone by on YT Newsfeed. Here is a round up of all the entrepreneurial headlines of the week gone by on YT Newsfeed. ...

21.04 | 0 komentar | Read More

Lupin eyes Brazil after Mexico-Lab Grin acquisition: MD

The Mexican market is about USD 13 billion. The generic and the branded generic market is all growing 20-25 percent, says Nilesh Gupta. We are pretty excited about this acquisition. We have been talking forever to acquire in Latin America, Mexico...

21.04 | 0 komentar | Read More

CIL production target fixed at 507 MT for FY'15

On whether CIL will be able to achieve its production target for 2013-14, Rao said that this year there will be a shortfall. The production target for Coal India Ltd  has been fixed at 507 million tonne for 2014-15 even as the state-owned firm...

21.04 | 0 komentar | Read More

Subrata Roy to remain in custody till he pays up: Experts

The Sahara counsel on Thursday told the Supreme Court that the bail amount of Rs 10,000 crore is too high and is virtually impossible for them to pay. The apex court on Wednesday had granted conditional bail to Subrata Roy Sahara, after an upfront payment...

21.04 | 0 komentar | Read More

LT wins housing contracts worth Rs 1,981 crore

The scope of work involves construction of 24 towers and 271 villas. The towers will comprise two basements and a ground floor with levels varying from 18 to 29 floors. The project is scheduled to be completed in 42 months. Construction major ...

21.04 | 0 komentar | Read More

Dr Reddy's launches generic cholesterol-lowering drug in US

The company's product is the generic equivalent of Pfizer Inc's Caduet tablets, it added. The Hyderabad-based firm's Amlodipine Besylate and Atorvastatin Calcium tablets are available in bottle counts of 30 and 90, the company said. Dr Reddy's Laboratories...

21.04 | 0 komentar | Read More

India to contribute 5% of Cisco's global revenues: CEO

India's contribution to the revenues of networking solutions giant Cisco is poised to grow to five percent over the next five years on the back of strong demand for cloud and networking services, its CEO John Chambers said. The California-based firm,...

21.04 | 0 komentar | Read More

Parents of babies born on March 26 to get free MTS dongle

MTS has provided a 21 day window to avail this offer starting March 26 till April 16. The offer will be provided to all the nine circles where MTS has operations. On the eve of completing 5 years in India, Sistema Shyam Teleservices, which operates...

21.04 | 0 komentar | Read More

Sharma made a case for common regulator for telecom, media

The media is the sacred cow and one is not supposed to talk about it, he said, adding, "I fail to understand why?" You are building institutions or you are ruining institutions, you are projecting personalities or ruining reputations. Therefore care...

21.04 | 0 komentar | Read More

Telenor promotes Indian executive for global role

Telenor in a statement said "current CFO Prasoon Sinha will move to the Group Finance function at Telenor Group headquarters in Oslo and take up the position of Vice President and Head of Dynamic Performance Management Project." Norwegian telecom...

21.04 | 0 komentar | Read More

Demand to grow by at least 6% next fiscal: Tata Steel MD

Narendran said the subdued steel consumption growth in the current fiscal is mainly due to poor demand for commercial vehicle and construction segments as they were "struggling". Tata Steel  Managing Director TV Narendran today said steel demand...

21.04 | 0 komentar | Read More

Air Asia's 1st Airbus A320 from France arrives in Chennai

With the first aircraft arriving in Chennai, AirAsia will take further add nine more A320 aircraft. It may be noted that Director General of Civil Aviation had dismissed all the 20 objects from Federation of Indian Airlines to grant license to AirAsia....

21.03 | 0 komentar | Read More

Aus Hotel Group eyeing franchise opportunities in India

Sean Flynn says that they have just embarked on initial discussions with a group in Mumbai about the possibility of a Country Comfort franchise. Australia's hospitality group, Country Comfort Hotels, has begun initial franchise discussion with a Mumbai-based...

21.03 | 0 komentar | Read More

Coalgate: CBI questions key PM aide TKA Nair

CBI has questioned TKA Nair, advisor to Prime Minister Manmohan Singh, in connection with alleged irregularities in allocation of coal blocks which included granting of a block to Hindalco at Talabira despite it being rejected by a screening committee...

21.03 | 0 komentar | Read More

Road premium deferment to aid SPVs' credit profile: Sadbhav

There have been reports that several highway projects of Sadbhav Engineering have become eligible for deferment of premium payments. CNBC-TV18's Latha Venkatesh and Sonia Shenoy spoke with Nitin Patel, ED, Sadbhav Engineering to understand the development....

21.03 | 0 komentar | Read More

Somany sees Rs 20-30 cr Q4 revenue hit from Morbi lockout

In an interview with CNBC-TV18, Somany Ceramics' Abhishek discussed the impact of the shutdown and how he sees the business for the company panning out ahead. We are on track for what we had predicted: which is approximately a 20 percent growth for...

21.03 | 0 komentar | Read More

India's realty sector remains favoured destination: Report

Increasing migration to cities and urbanisation along with interest from buyers to invest in real estate market, will continue to be the prime demand drivers, according to assurance, tax and advisory firm Grant Thornton. The Indian construction and...

21.03 | 0 komentar | Read More

TCS ranked No 1 employer in Europe

The company was recognised as an exceptional performer across six core human resources areas - primary conditions, secondary benefits, working conditions, training, career development and company culture. IT major  Tata Consultancy Services today...

21.03 | 0 komentar | Read More

LIC, Citi, Goldman Sachs pick up 3.1% stake in Axis Bank

New World Fund bought 26.88 lakh Axis Bank shares at Rs 1,315.12/ share, Citigroup Global bought 38.2 lakh shares at Rs 1,316.13 per share, Goldman Sachs bought 23.5 lakh shares at Rs 1,323.57 per share, while LIC of India bought 85.4 lakh (1.8 percent)...

21.03 | 0 komentar | Read More

Myntra ties up with Harvard for exclusive apparel line

Online fashion and lifestyle site Myntra has partnered with Harvard University to sell its exclusive apparel line in India from August this year. In the past, brands like Ralph Lauren, NIKE, Champion Sportswear and Tag Heuer have designed their collections...

21.03 | 0 komentar | Read More

Tesco forms JV with Trent for multi-brand retail in India

Last December, Trent and Tesco had announced they have sought regulatory approval to enter into a partnership where each would own a 50 percent stake in THL, owned by the Tatas. British retail major Tesco today announced forming of an equal joint...

21.03 | 0 komentar | Read More

Govt hopes to get over Rs 5.5k cr via Axis Bank stake sale

The government is talking to financial institutional investors via its bankers JPMorgan and Citigroup to see which FIIs are going to buy into Axis Bank. The government is planning to raise over Rs 5000 crore which will be key to it meet its fiscal...

21.03 | 0 komentar | Read More

NTPC presentation to CERC on new tariff rules within a week

As per the regulations notified by CERC, there will be changes with regard to tax and calculation of incentives for thermal power plants. State-owned  NTPC will make a presentation within a week to electricity regulator CERC to consider its case...

21.03 | 0 komentar | Read More

Kakal quits Infy, co sees 9th high-profile exit

There have been some rumours about two to three weeks ago that he may look at a startup of his own and he may be talking to a couple of fund companies as well for that. However there is no confirmation on that as well. IT-major  Infosys has now...

21.03 | 0 komentar | Read More

Toyota suspends some workers; conciliation process on

The government's talks with the management and union to break the impasse did not have any headway yesterday. Toyota Kirloskar Motor (TKM) has suspended some of the workers at its two plants in the city where it has declared lockout, as the strike...

21.03 | 0 komentar | Read More

FTIL may have to dispose of holdings worth Rs 2,500 crore

With Sebi declaring Jignesh Shah-led  Financial Technologies unfit to hold shares in stock exchanges and other related entities, it will have to dispose of holdings worth about Rs 2,500 crore in five companies. FTIL (Financial Technologies India...

21.03 | 0 komentar | Read More

Voda to SC: Sale of call centre not taxable in India

Vodafone argued that sale of its call centre and assignment of call options is not taxable in India according to the Supreme Court order. The taxman refutes Vodafone's claims. The matter will be heard on Thursday. The income tax appellate tribunal...

21.03 | 0 komentar | Read More

2017 marketshare target may be delayed: Nissan India chief

Nissan still hopes to achieve double-digit market share in India but the timing is under debate given the carmaker's current performance and market conditions, said Kenichiro Yomura, president of Nissan India. Nissan Motor Co's target to capture a...

21.03 | 0 komentar | Read More

Sun TV to offer content in YouTube, iTunes

Some of the airlines where the facility would be available include Emirates, Singapore Airlines, Air India, Etihad Airways, Jet Airways, Oman Air, British Airways and Cathay Pacific. Television broadcaster  Sun TV has entered into a contract...

21.03 | 0 komentar | Read More

Toyota twin plants lockout enters Day 4

"Government is trying to reach a fair settlement between company management and workers' union. The Deputy Labour Commissioner will take a decision. We hope both plants will resume production soon," Labour Minister Parameshwar Nayak told reporters yesterday....

21.03 | 0 komentar | Read More

CDR package augurs well for us: Orchid Chemicals

Orchid Chemicals  management did speak to CNBC-TV18 about the CDR. Some of  the key takeaways from that conversation was that according to the company the CDR package which is the corporate debt restructuring package which Orchid Chemicals...

21.03 | 0 komentar | Read More

Samsung faces about Rs 70 cr alleged duty evasion charge

DRI had last month issued the notice to Samsung India for allegedly evading duty worth about Rs 70 crore while importing the tablets from South Korea between April 2012 and February 2013 Electronics goods giant Samsung has been slapped with a notice...

21.03 | 0 komentar | Read More

Infra investment to push growth to 8% in 3 years: Montek

"We are working to revive the pace of investment in infrastructure, which we believe can provide the basis for a return of growth back to eight percent over a three year period," says Planning Commission Deputy Chairman Montek Singh Ahluwalia. Attributing...

21.03 | 0 komentar | Read More

Tech Mahindra to manage IT infra for Volvo Car group

The scope of the partnership, which was signed in February, covers 2,800 servers across Volvo Cars' regional offices, global factories, global data centre, R&D and manufacturing IT, Tech Mahindra said. IT firm Tech Mahindra  on Tuesday said...

21.03 | 0 komentar | Read More

3 out of 4 insurance policies to be sold online by 2020

As many as three out of every four insurance policies will be sold online by 2020, says a Google study. "It is estimated that three in every four insurance policies sold by 2020 would be influenced by digital channels during either the pre-purchase...

21.03 | 0 komentar | Read More

7 telcos to share infrastructure in Africa, Middle East

The seven operators include Bharti Airtel, Etisalat Group, MTN Group, Ooredoo Group, Orange, Vodafone Group and Zain Group. Seven major telecom operators across Africa and Middle East, including  Bharti Airtel and Vodafone Group, will share their...

21.03 | 0 komentar | Read More

Industry appeals for slashing rates grow stronger

For the first time in nine months, inflation based on Wholesale Price Index, slipped below the psychological mark of 5 percent in February on easing prices of onion and potato. India Inc's appeal for easing of Reserve Bank's key interest rates grew...

21.03 | 0 komentar | Read More

Kalyan Grp in talks with investors to sell $200-250mn stake

The company has annual revenues of 94 billion Indian rupees and hopes to touch 150 billion rupees next year. It also plans to expand into Malaysia and Singapore next year in anticipation of a potential listing in 2-3 years, Kalyanaraman said. Indian...

21.03 | 0 komentar | Read More

Sahara investors untraceable, search empties Sebi coffers

Watchdog Sebi's quest to locate genuine Sahara investors may be turning largely futile, but the entire process has become a very costly affair for the regulator and its expenses may rise further next year from about Rs 60 crore estimated for the current...

21.03 | 0 komentar | Read More

IFC raises Rs 2,000 cr more in international Re bond sale

International Finance Corp, an arm of the World Bank, today raised Rs 2,000 crore through sale of 5-year global rupee bonds, with a yield of 7.8 percent, making it the largest offshore rupee bond issuance till date. This takes IFC's total fund raising...

21.03 | 0 komentar | Read More

Hospitality sector ruled MA deals in Feb: Grant Thornton

Sector wise, among mergers and acquisitions, Raja Lahiri believes hospitality tops the chart as there were two big deals including Aman Resorts buying Silverlink Holdings and Thomas Cook buying Sterling Holidays in February. We are seeing good amount...

21.03 | 0 komentar | Read More