Have paid Rs 75,000 cr to govt in 5 years: Voda India CEO

Vodafone India CEO Marten Pieters – the longest serving chief executive of any telecom company in India -- will leave office after a 5-year stint at the company. Discussing his time in India, the recently-concluded spectrum auctions and hurdles faced...

21.03 | 0 komentar | Read More

Airtel, Idea, Vodafone partly pay their upfront amount

Successful spectrum bidders, including Bharti Airtel , Idea Cellular  and Vodafone, have made over Rs 7,000 crore towards upfront payments -- a move that will help the government narrow its fiscal deficit target for the fiscal ending on Tuesday....

21.03 | 0 komentar | Read More

LT bags Rs 1,432 cr defence order

L&T bags Rs 1,432 cr defence ordeOffshore Patrol Vessels (OPVs) under the project are long range surface ships, capable of operation in maritime zones of India, including island territories with helicopter operational capabilities. Larsen &...

21.03 | 0 komentar | Read More

SC seeks details of total mineral reserves in Karnataka

A 2-judge bench hearing the case has asked the state government to draw up a final assessment of all these 15 mines before April 10. The Supreme Court Tuesday pulled up the Karnataka government for failing to assess the state's total mineral reserves....

21.03 | 0 komentar | Read More

Snapdeal acquires majority stake in RupeePower

At present, it has 40 employees. "Over the next one year, we plan to ramp up our headcount to about 200 people. Most of these will be engineers, who have an understanding of the financial services market," RupeePower founder and CEO Tejasvi Mohanram...

21.03 | 0 komentar | Read More

Ashok Leyland sells entire holding in Czech arm for $10.96m

In a filing to the BSE, the company said it has divested its entire stake of 100 percent ownership interest held in Avia Ashok Leyland Motors s.r.o. to a strategic investor as part of restructuring of investment in subsidiaries. Hinduja Group flagship...

21.03 | 0 komentar | Read More

Auction results show reserve price not wrong: Telecom Secy

The availability of spectrum was not an issue in the auction, said Telecom Secretary Rakesh Garg. In an exclusive interview to CNBC-TV18's Malvika Jain, Garg said that he is confident that companies will be able to raise debt from the market as banks...

21.03 | 0 komentar | Read More

Warburg Pincus seeks $12 billion private equity fund

Private equity firm Warburg Pincus LLC has told investors it will seek to raise a new USD 12 billion global fund, just two years after amassing a USD 11.2 billion fund, according to people familiar with the matter. The fundraising comes as other private...

21.03 | 0 komentar | Read More

Wipro CFO says revenue growth to pick up in FY16

In an interview with Malvika Jain, Suresh Senapaty said the company's European business continues to remain under pressure. Revenue growth for the country's third-largest software services exporter, Wipro , may see an uptick in FY16, outgoing CFO...

21.03 | 0 komentar | Read More

Telcos may hike rates to recover spectrum cost: Moody's

Indian telecom operators are expected to gradually increase rates to recover Rs 1.1 lakh crore they bid for spectrum in the auction that concluded last week, Moody's said Monday. "This high cost is credit negative for the country's telecom operators...

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Reckitt Benckiser committed to ‘Stop Diarrhea’ proj: CEO

India is the only island of growth amongst the emerging markets, that's how the CEO of Reckitt Benckiser, describes India and though he doesn't see the country growing in high double-digit over the next two years, Rakesh Kapoor is indeed very bullish...

21.03 | 0 komentar | Read More

Posco seeks refund from Odisha rail line undertaking

South Korean steel giant Posco has sought refund from a rail line undertaking to be set up in partnership with Odhisa government citing change in company law but said it wasn't pulling out from the USD 12 billion steel project in the state. "For railway...

21.03 | 0 komentar | Read More

Power firms face huge under recovery in fuel cost: ICRA

Aggressive bidding seen in the auction of 33 mines would result in a significant under-recovery in fuel cost estimated at Rs 1,800 crore by financial year 2017-18 for the winning bidders in power sector, rating agency Icra said.It also said cancellation...

21.03 | 0 komentar | Read More

Airtel, RCom gain capability for 4G service across country

Reliance Communications made bids worth Rs 4,299 crore and is required to make an upfront payment of Rs 1,106 crore. Bharti Airtel  and Reliance Communications  (RCom) have gained capability to provide 4G services across the country as they...

21.03 | 0 komentar | Read More

Multiples PE to invest at faster pace over next 2-yrs: CEO

Talking about the investment cycle in India, Multiples PE is basically a sector agnostic fund and looks at opportunities in each and every sector, says managing director and chief financial officer, Prakash Nene.Multiples Alternate Asset Management Private...

21.03 | 0 komentar | Read More

Reckitt Benckiser committed to ‘Stop Diarrhea’ proj: CEO

India is the only island of growth amongst the emerging markets, that's how the CEO of Reckitt Benckiser, describes India and though he doesn't see the country growing in high double-digit over the next two years, Rakesh Kapoor is indeed very bullish...

21.03 | 0 komentar | Read More

Airtel, RCom gain capability for 4G service across country

Reliance Communications made bids worth Rs 4,299 crore and is required to make an upfront payment of Rs 1,106 crore. Bharti Airtel  and Reliance Communications  (RCom) have gained capability to provide 4G services across the country as they...

21.03 | 0 komentar | Read More

Posco seeks refund from Odisha rail line undertaking

South Korean steel giant Posco has sought refund from a rail line undertaking to be set up in partnership with Odhisa government citing change in company law but said it wasn't pulling out from the USD 12 billion steel project in the state. "For railway...

21.03 | 0 komentar | Read More

Power firms face huge under recovery in fuel cost: ICRA

Aggressive bidding seen in the auction of 33 mines would result in a significant under-recovery in fuel cost estimated at Rs 1,800 crore by financial year 2017-18 for the winning bidders in power sector, rating agency Icra said.It also said cancellation...

21.03 | 0 komentar | Read More

Multiples PE to invest at faster pace over next 2-yrs: CEO

Talking about the investment cycle in India, Multiples PE is basically a sector agnostic fund and looks at opportunities in each and every sector, says managing director and chief financial officer, Prakash Nene.Multiples Alternate Asset Management Private...

21.03 | 0 komentar | Read More