Shriram Transport announces NCD issue, targets Rs 1500 cr

For a three-year bond, the company is offering an yearly yield of 11 per cent, while on five-year bond the yield is offered is 11.25 percent. Senior citizens will get an additional yield of 0.25 percent per annum across all tenors. Used truck financier ...

21.03 | 0 komentar | Read More

Emami to buy out Todi's stake in AMRI in a month

The West Bengal government has a notional one percent stake in the hospital venture, while the balance would be held by the Emami Group. The Emami group would buy out 33 percent stake held by the Todis' of  Shrachi Group in the AMRI hospital...

21.03 | 0 komentar | Read More

RIL can challenge SAT ruling in HC: Ranina

SAT has dismissed Reliance Industries' appeal against the Sebi order rejecting RIL's consent application in the case involving trading in shares of group company Reliance Petroleum in 2007. Retrospective amendment or retrospective effect can only...

21.03 | 0 komentar | Read More

Indian Bank declares 47% dividend for 2013-14

A decision to this effect was taken at the bank's annual general meeting held in the city recently, Chennai-based Indian Bank said in a statement. Shareholders of public sector  Indian Bank have approved final dividend of 47 per cent for the...

21.03 | 0 komentar | Read More

ITC gets sanction for merger of Wimco's biz

The Kolkata-based company has businesses across FMCG, hotels, paperboards and packaging, tobacco products and information technology. Diversified group  ITC today said its scheme for demerger of the non-engineering business of its subsidiary...

21.03 | 0 komentar | Read More

SBI, BoB seek treatment of gold deposits as part of CRR/SLR

The country's two biggest state-run lenders today pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive. "Is it possible...

21.03 | 0 komentar | Read More

IFC bets on NCDs in debt financing for NBFCs

IFC was holding talks with Magma Fincorp and Cholamandalam for subscribing to NCDs of these NBFCs, he said. "Microfinance institutions (MFIs) will also get benefit of this," Agarwal said. Non Convertible Debentures (NCDs) have recently become the...

21.03 | 0 komentar | Read More

PNC Infratech bags Rs 441 crore contract

The contract involves rehabilitation and upgradation of the 80 kilometre road stretch of Sonauli-Gorakhapur Section of National Highway 29 in Uttar Pradesh on EPC (engineering, procurement, construction) Basis, the company said in a statement. PNC...

21.03 | 0 komentar | Read More

CCI imposes Rs 1 cr fine on Thomas Cook, Sterling Holidays

Fine has also been imposed on Thomas Cook Insurance Services (India) Ltd, a party to the deal. The Rs 870 crore-deal involving merger of Sterling Holiday Resorts (India) with travel firm Thomas Cook (India) has already been cleared by Competition Commission...

21.03 | 0 komentar | Read More

Gas leak, blast at ship breaking yard in Bhavnagar, 5 dead

The incident comes a day after a similar blast in a GAIL gas pipeline in the East Godavari district of Andhra Pradesh. The blast in the GAIL pipeline left 14 people dead and many others injured on Friday. Five persons were killed and ten others injured...

21.03 | 0 komentar | Read More

IOB proposal to raise Rs 1,200 cr through QIP gets nod

The shareholders approved the proposal during the 14th Annual General Meeting of the bank, a bank statement said. Shareholders of the public sector  Indian Overseas Bank   today approved its proposal to raise Rs 1,200 crore through qualified...

21.03 | 0 komentar | Read More

See FY15 rev top Rs 1.5Kcr; 30% jump in vols: Maha Seamless

Maharashtra Seamless  expects a 30-40 percent jump in volumes and revenues above Rs 1500 crores in FY15 and above Rs 2000 crore for FY16. The company saw hike in production, which in turn lead to lower manufactguring costs per tonne...

21.03 | 0 komentar | Read More

Nexium generic next big opportunity for Ranbaxy: Angel

With Ranbaxy  rallying post the USFDA approval for Diovan generic, a USD 3.4 billion opportunity for the company, Sarabjit Kaur Nangra of Angel Broking sees the Diovan generic approval via Ohm Laboratories a positive for both, Sun Pharma  as...

21.03 | 0 komentar | Read More

India's future bright, prosperous under Modi: Cisco Systems

Cisco Systems is also looking at investing in electronic manufacturing sector in India. Speaking after the meeting, John Chambers said that India has a bright and prosperous future under the Narendra Modi government. Foreign investors are brimming...

21.03 | 0 komentar | Read More

Cipla unit gets 345 mn rand contract from South Africa

Under the contract, which will run from July 2014 to April 2017, the company will supply drugs including Beclate 100, Becalate 200 and Asthavent 200. Drug major  Cipla has got a contract worth 345 million rand (Rs 195 crore) from the South African...

21.03 | 0 komentar | Read More

SAT verdict in RIL insider-trading case on Jun 30

Reliance has been fighting against market watchdog Sebi in the alleged insider-trading case since December 2010 and since last year the regulator's exclusion of the company from the new consent mechanism. A full bench of the Securities Appellate Tribunal...

21.04 | 0 komentar | Read More

BMW rolls out diesel variant of X5 at Rs 70.9 lakh

Initial deliveries of the all-new BMW X5 in India will commence by June as an overwhelming demand for the vehicle in the market has pushed the waiting period to three months, BMW said in a statement. German luxury carmaker BMW today rolled out a diesel...

21.04 | 0 komentar | Read More

Investors ready $1 bn war chest for office assets in India

In June, Brookfield paid about Rs 3300 crore (USD 552.76 million) for a 60 percent stake in six parks from Unitech Corp Parks and a 40 percent stake in four of the six from Unitech Ltd Foreign private equity funds and pension funds are among investors...

21.04 | 0 komentar | Read More

Tata-led Neotel signs broadband deal in South Africa

Tata-led South African telecoms operator Neotel has secured a ground breaking deal with the State Information Technology Agency (SITA) and the Western Cape provincial government to provide broadband services across the province over the next three...

21.04 | 0 komentar | Read More

Brokerages react negatively to gas price hike deferral

Brokerages have reacted negatively to the government's move to defer a hike in gas prices. They are in agreement that the deferral will be a negative for sentiment in the near-term. CNBC-TV18's Ushang Sheth gets the breakdown of the different...

21.04 | 0 komentar | Read More

Flipkart to tie-up with different manufacturing clusters

Flipkart has about 3,000 sellers, most of them from SMEs. The company intends to grow the seller base to 12,000 by the end of this fiscal. Flipkart, the largest e-commerce marketplace in India, on Friday said it is holding talks to tie-up with manufacturing...

21.03 | 0 komentar | Read More

Naidu woos Hero MotoCorp to set up plant in Andhra Pradesh

Hero MotoCorp had this week announced that it was planning to set up its sixth manufacturing plant in South India to cater to the domestic market and take its overall annual capacity to 12 million units. Andhra Pradesh government is wooing country's...

21.03 | 0 komentar | Read More

The economics of affordable housing

Affordable Housing is the new buzz in the real estate sector, companies are looking closely at this model to ensure higher margins, given the new emphasis by the Modi government to provide housing to all citizens.The New Model in Town:Affordable housing...

21.03 | 0 komentar | Read More

Young Turks meets Kailash Katkar, Founder of Quick Heal

Young Turks caught up with Kailash Katkar the Founder of Quick Heal at the EY World Entrepreneur Summit in Monte Carlo who set up his Pune-based anti-virus company back in 1993. Young Turks caught up with Kailash Katkar the Founder of Quick Heal at...

21.03 | 0 komentar | Read More

Bombay Dyeing unveils new 'change' campaign

135-year-old textile brand Bombay Dyeing unveiled a new campaign that breaks ground for its refreshing and progressive ideas 1 135 year old textile brand Bombay Dyeing unveiled a new campaign that breaks ground for its refreshing and progressive ideas....

21.03 | 0 komentar | Read More

Bombay Dyeing unveils new 'change' campaign

135-year-old textile brand Bombay Dyeing unveiled a new campaign that breaks ground for its refreshing and progressive ideas 1 135 year old textile brand Bombay Dyeing unveiled a new campaign that breaks ground for its refreshing and progressive ideas....

21.03 | 0 komentar | Read More

Flipkart to tie-up with different manufacturing clusters

Flipkart has about 3,000 sellers, most of them from SMEs. The company intends to grow the seller base to 12,000 by the end of this fiscal. Flipkart, the largest e-commerce marketplace in India, on Friday said it is holding talks to tie-up with manufacturing...

21.03 | 0 komentar | Read More

Naidu woos Hero MotoCorp to set up plant in Andhra Pradesh

Hero MotoCorp had this week announced that it was planning to set up its sixth manufacturing plant in South India to cater to the domestic market and take its overall annual capacity to 12 million units. Andhra Pradesh government is wooing country's...

21.03 | 0 komentar | Read More

The economics of affordable housing

Affordable Housing is the new buzz in the real estate sector, companies are looking closely at this model to ensure higher margins, given the new emphasis by the Modi government to provide housing to all citizens.The New Model in Town:Affordable housing...

21.03 | 0 komentar | Read More

Young Turks meets Kailash Katkar, Founder of Quick Heal

Young Turks caught up with Kailash Katkar the Founder of Quick Heal at the EY World Entrepreneur Summit in Monte Carlo who set up his Pune-based anti-virus company back in 1993. Young Turks caught up with Kailash Katkar the Founder of Quick Heal at...

21.03 | 0 komentar | Read More

Railway passenger fare hiked by 14%, freights up 6.5%

The government has increased the Railway passenger fare by 14.2 percent and freight charges by 6.5 percent with effect from today. The hike comes in just days ahead of the Budget. The Railways board on Thursday had recommended a hike in fares but Railway...

21.03 | 0 komentar | Read More

Elecon's order book at Rs 1200cr; Rs 600cr from NTPC solely

National Thermal Power Corporation ( NTPC ) has cancelled Rs 400 crore tender won by Tecpro Systems . Larsen and Toubro ( L&T ), Bharat Heavy Electricals ( BHEL ), McNally Bharat Engineering  and Elecon Engineering  are likely to be...

21.03 | 0 komentar | Read More

State Bank of Travancore board okays Rs 485 cr rights issue

The board on March 26 had given an in-principle approval to raise Rs 629 crore from the rights issue. State Bank of Travencore 's board of directors on Friday approved the rights issue of the equity shares of the bank for up to Rs 485 crore. The...

21.03 | 0 komentar | Read More

Settle case with Voda before any tax reforms: Chidambaram

Former finance minister P Chidambaram today suggested a settlement with Vodafone is needed before any changes can be made to the retrospective law. Former finance minister P Chidambaram today suggested a settlement with Vodafone is needed before any...

21.03 | 0 komentar | Read More

Coca Cola to resume operations at Varanasi plant

The order by the Tribunal, however, prevented the company from increasing its production from 600 bottles per minute till it gets a clearance from the Central Ground Water Authority (CGWA). Beverages giant Coca Cola will resume operations at its Varanasi...

21.03 | 0 komentar | Read More

Princeware targets Rs 100 cr sales from luggage biz by FY17

The company, which reported Rs 500 crore revenue in the last fiscal, started retailing luggage six months ago. Plastics firm Princeware International is targeting over Rs 100 crore revenue from luggage business by fiscal 2017 as it doubles its retail...

21.04 | 0 komentar | Read More

IT sector hiring has improved in last 2 quarters: Info Edge

Improved hiring trends in the IT sector has contributed to Info Edge 's topline over the last couple of quarters, says Hitesh Oberoi, CEO & MD, Info Edge, which owns the popular recruitment portal naukri.com. In an interview with CNBC-TV18's Reema...

21.04 | 0 komentar | Read More

Granules India's paracetamol facility passes USFDA check

The company's four API facilities have passed the USFDA inspections in the past 12 months, Granules India said. Hyderabad-based Granules India has facilities for APIs, pharmaceutical formulation intermediates (PFIs) and finished dosages, serving customers...

21.04 | 0 komentar | Read More

Posco EC signs MoU with PNC Infratech

Posco E&C and PNC Infratech will pitch for infrastructure projects with a special focus on dedicated rail freight corridors, high speed rail networks, personal rapid transport systems, smart cities, integrated townships, development of industrial...

21.04 | 0 komentar | Read More