Jindal Steel, Monnet Ispat asked to pay power dues

Revenue recovery certificates (RCRs) have been issued to JSPL and Monnet Ispat for payment of electricity dues amounting to Rs 216.77 crore. The district administration has asked  Jindal Steel and Power (JSPL) and  Monnet Ispat and Energy...

21.04 | 0 komentar | Read More

Lok Sabha polls India's 1st twitter elections: Rishi Jaitly

The buzzing social media network that allows only 140 characters per tweet is practically the world's town square, says Twitter India hear, Rishi Jaitly. Speaking to CNBC-TV18, Jaitly says India witnessed its first Twitter elections this year. "Our...

21.04 | 0 komentar | Read More

LT to take both IT arms public in 2016: Naik

Group executive chairman A M Naik said that the company will start the process for listing the two firms -- L&T Technology Services and L&T Infotech from July 2016. Aiming to become one of the largest technology services providers in the country,...

21.04 | 0 komentar | Read More

NTPC to supply 325 MW power to UP from tomorrow

State-run  NTPC will supply 325 MW of electricity from tomorrow to Uttar Pradesh which is reeling under acute power shortage amidst soaring temperatures in the state this summer. "UP has requisitioned power to the tune of 325 MW from NTPC which...

21.04 | 0 komentar | Read More

Cadila recalls over 10K bottles of anti-allergy drug in US

Zydus Pharmaceuticals USA, a unit of the company, is recalling 10,200 bottles of promethazine hydrochloride tablets that contain foreign tablets, according to information on the US Food and Drug Administration (FDA) website. Cadila Healthcare is recalling...

21.03 | 0 komentar | Read More

UBI slaps winding up petition against Kingfisher Airlines

City-based  United Bank of India (UBI) has filed a winding up petition against Vijay Mallya-promoted  Kingfisher Airlines for failing to retire loans amounting to Rs 336 crore, an official of the bank said. "We have filed winding up petition...

21.03 | 0 komentar | Read More

Cisco's solutions now reach over 40 mn homes in India

Cisco state-of-the-art VideoGuard CA and DRM technology ensures critical protection of premium content with a zero piracy track record. Networking solutions giant Cisco on Thursday said it now reaches over 40 million Indian homes through its VideoGuard...

21.03 | 0 komentar | Read More

Blow for Sahara; Subrata Roy house arrest request rejected

Subrata Roy will remain in jail as the SC has reserved its order on giving him bail. There is no relief for Sahara group chief Subrata Roy. The Supreme Court on Thursday rejected the idea of putting Roy under house arrest for the time being. The...

21.03 | 0 komentar | Read More

Infosys faces shortage of leadership, former CFO Pai says

India's second-largest software services firm Infosys , which has seen a spate of departures by top executives, is facing a "shortage of leadership," former chief financial officer T V Mohandas Pai said today.The company's "prolonged search" for a...

21.03 | 0 komentar | Read More

BMW launches locally made X5 at Rs 70.9 lakh

German luxury car maker BMW today launched the locally produced SUV, X5xDrvie, at Rs 70.9 lakh ex-showroom, national. The 3-litre diesel machine was unveiled by Sachin Tendulkar, who is also BMW India's brand ambassador. The cricket icon said he has...

21.03 | 0 komentar | Read More

BG Srinivas quits Infosys; co sees 10th big exit in one yr

The post of CEO at Infosys will fall vacant when current boss SD Shibulal retires. But the company has not yet chalked out a successor. Sources said Srinivas' decision to quit came after it became clear that he was not in the race for Infosys' top job....

21.04 | 0 komentar | Read More

Sterlite Tech to start FY15 with order book of Rs 2550cr

In an interview to CNBC-TV18, Anand Agarwal, CEO,  Sterlite Tech spoke about the latest happenings in the company and way ahead. The company aims to start FY15 with a strong order book of Rs 2,550 crore. "Both telecom and power businesses are...

21.04 | 0 komentar | Read More

Snapdeal to spend Rs 350 cr on supply chain logistics

Homegrown online marketplace Snapdeal will invest Rs 350 crore this fiscal to expand its supply chain infrastructure as it aims for a stronger foothold in India's internet retail market that is estimated to expand seven-fold to USD 22 billion by 2018....

21.04 | 0 komentar | Read More

Coal India CMD quits, may take 6 months to find successor

The 56-year-old Rao will take up a new role as principal secretary to K. Chandrasekhar Rao, the chief minister of India's 29th state — Telangana — from June 2. However, there is no word yet who will be Rao's successor in Coal India after his resignation....

21.04 | 0 komentar | Read More

ITD Cementation order book at Rs 4100cr, debt at Rs 700cr

In an interview to CNBC-TV18's Nigel D'Souza and Reema Tendulkar, S Ramnath, CFO of  ITD Cementation spoke about the latest happenings in the company and the road ahead.Below is a verbatim transcript of the interviewNigel: What does your order book...

21.04 | 0 komentar | Read More

Caledonia sells 3 % stake in Dewan Housing for Rs 114 cr

As on quarter-ended March 2014, Caledonia Investments held 1.28 crore shares of Dewan Housing Finance amounting to 9.98 percent stake in the company. UK-based Caledonia Investments today offloaded nearly 3 percent of its stake in mortage lender ...

21.03 | 0 komentar | Read More

NSEL begins remittance of payout to unit-holders of E-Gold

NSEL had a total of 617.5 kgs of gold eligible for rematerialisation and financial closure. Pursuant to FMC issuing the NOC, the exchange had issued the circular on April 4 for rematerialisation/financial closure of e-series settlement. As a part...

21.03 | 0 komentar | Read More

Deepak Parekh rules out running for FM in Modi-led govt

Since BJP's win and Modi's imminent appointment as the next Prime Minister of the country, much speculation has been going around as to who will become the next Finance Minister. The name that has been doing the rounds is of course that of Arun Jaitely....

21.03 | 0 komentar | Read More

AP HC vacates status quo order on Sun Pharma-Ranbaxy merger

The petitioners alleged that there was heavy trading of Ranbaxy stock before the merger with Sun Pharma was announced on April 6. The Andhra Pradesh High Court Saturday vacated the status quo order it had issued earlier on the merger process between ...

21.03 | 0 komentar | Read More

AP HC lifting ban positive for Sun-Ranbaxy merger

"The good news is that the merger has been approved and now it will go ahead and therefore, the shareholders, the creditors and the institutions will all stand to gain as a result of the merger going ahead," says HP Ranina. Sebi's investigation is...

21.03 | 0 komentar | Read More

AP HC vacates status quo order on Sun Pharma-Ranbaxy merger

The petitioners alleged that there was heavy trading of Ranbaxy stock before the merger with Sun Pharma was announced on April 6. The Andhra Pradesh High Court Saturday vacated the status quo order it had issued earlier on the merger process between ...

21.03 | 0 komentar | Read More

Caledonia sells 3 % stake in Dewan Housing for Rs 114 cr

As on quarter-ended March 2014, Caledonia Investments held 1.28 crore shares of Dewan Housing Finance amounting to 9.98 percent stake in the company. UK-based Caledonia Investments today offloaded nearly 3 percent of its stake in mortage lender ...

21.03 | 0 komentar | Read More

NSEL begins remittance of payout to unit-holders of E-Gold

NSEL had a total of 617.5 kgs of gold eligible for rematerialisation and financial closure. Pursuant to FMC issuing the NOC, the exchange had issued the circular on April 4 for rematerialisation/financial closure of e-series settlement. As a part...

21.03 | 0 komentar | Read More

Deepak Parekh rules out running for FM in Modi-led govt

Since BJP's win and Modi's imminent appointment as the next Prime Minister of the country, much speculation has been going around as to who will become the next Finance Minister. The name that has been doing the rounds is of course that of Arun Jaitely....

21.03 | 0 komentar | Read More

AP HC lifting ban positive for Sun-Ranbaxy merger

"The good news is that the merger has been approved and now it will go ahead and therefore, the shareholders, the creditors and the institutions will all stand to gain as a result of the merger going ahead," says HP Ranina. Sebi's investigation is...

21.03 | 0 komentar | Read More

Fashion to be largest category for next few years: Flipkart

After homegrown e-retailer Flipkart acquired online fashion retailer Myntra for USD 300-350 million or nearly Rs 2,000 crore, the Indian e-commerce industry is set to give a tough competition to its global peers like Amazon . Speaking to CNBC-TV18's...

21.03 | 0 komentar | Read More

See long-term iron ore prices under pressure: Monnet Ispat

In an interview to CNBC-TV18, Ajay Bhat, Group CFO,  Monnet Ispat said all the clearances for the 1050 Mega Watt (MW) coal based power plant in Angul, Odisha are in place except the mining lease. The company expects to receive coal from its captive...

21.03 | 0 komentar | Read More

Flipkart acquires Myntra, to invest $100 mn in fashion biz

Financial details of the deal were not disclosed but a source in the company said the transaction was valued at close to USD 300 million. Flipkart, India's largest e-tailer, acquired online fashion portal Myntra on Thursday and said it would invest...

21.03 | 0 komentar | Read More

Is Pfizer-Astra deal important for Indian pharma sector?

Anjali Agarwalmoneycontrol.com AstraZeneca rejected the 'final' bid of USD 117 billion by Pfizer saying the bid undervalues the company, and may cause a possible threat to life science jobs in Britain. The deal, if it comes through, will help Pfizer...

21.03 | 0 komentar | Read More