Volkswagen plans to make India low-cost export hub

German auto major Volkswagen is planning to make India a low-cost manufacturing hub, catering to both the emerging as well as developed markets. Also, as part of Prime Minister Narendra Modi's 'Make in India' initiative, the company will be investing...

21.03 | 0 komentar | Read More

Yamaha launches 125cc motorcycle Saluto priced at Rs 52,000

The 125cc motorcycle, priced at Rs 52,000 (ex-showroom New Delhi) would compete with Shine from Honda Motorcycles and Scooters India, Bajaj Discover 125ST, Hero's Glamour 125cc. In a bid to increase its market share in the entry-level bike segment...

21.03 | 0 komentar | Read More

Will launch 4 out of 10 new products in FY16: Anuh Pharma

Anuh Pharma is looking at a revenue growth of 25 percent in FY16. Current capacity utilization stands at 65 percent and the company aims to increase it to 80 percent his fiscal year. Anuh Pharma  is working on 10 new products, of which it plans...

21.03 | 0 komentar | Read More

Rolta should allow independent agency to look into nos:IIAS

Rolta  has denied the report from Glaucus Research which indicated fabrication of the reported capital expenditures in order to mask their materially overstated EBITDA. But Amit Tandon, MD of Institutional Investor Advisory Services is not convinced...

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Airtel defends toll free platform; supports net neutrality

Due to the outrage over social media, e-commerce major Flipkart has withdrawn from Airtel Zero. Meanwhile, Cleartrip, NDTV and Times Group have logged out from internet.org platform of Facebook, where Reliance Communication is a partner. In the eye...

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40% revenue to come from delivery in 3-6 months: FoodPanda

Food ordering platform FoodPanda has forayed into food delivery segment in the country and expects about 40 percent of its revenues in 3-6 months to come from the new offering. The company has started the service in five cities and plans to expand it...

21.03 | 0 komentar | Read More

Ola raises funds, aims to be in 200 cities by year end: CEO

The company will be launching newer categories and taking some of its existing categories into the 100 cities where it is currently present. India's largest cab aggregator Ola Cabs is speeding on the growth highway. After raising USD 210 million in...

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Cairn India vs Taxman case hearing begins

The Delhi High Court has begun hearing the Rs 20,000 crore tax battle between Cairn India and the tax department. The taxman is alleging that Cairn India did not pay capital gains tax when shares changed hands in the financial year 2007. The Delhi...

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MakeMyTrip initiates to encourage visitors to Kashmir

Online travel firm MakeMyTrip is wooing domestic tourists to Kashmir offering attractive packages as it supports the state government to bring back travellers to the valley hit hard by floods last year and recent unseasonal rains. "The valley is ready...

21.03 | 0 komentar | Read More

Govt owes around Rs 600 cr to Air India for VVIP travel

Air India is surviving on a bailout package approved in 2012. Besides a debt of Rs 40,000 crore, the airline had reported losses to the tune of Rs 5,388 crore in FY-14 as against Rs 5,490 in the fiscal 2012-13. Government owes around Rs 600 crore...

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PE Electronics eyes 10% in TV mkt with Philips by 2016

PE Electronics, the license holder of Philips brand of TVs in India is aiming to have 10 percent market share in the segment by 2016 with a turnover of up to Rs 1,800 crore in next two years. The company with presence in top 50 towns is now gearing...

21.03 | 0 komentar | Read More

Tech Mahindra ties with Comverse, to make center in Israel

Information technology group Tech Mahindra  is partnering with US -Israeli Comverse Inc to set up a research and development centre in Israel. The two companies did not disclose financial details. Manish Vyas, president of Tech Mahindra's communications...

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Online hotel booking to hit $1.8 bn by 2016: Google

Online hotel bookings in the country will touch USD 1.8 billion by 2016, as more and more Indians turn to the Internet for finalising travel plans, according to Google. "Consumer confidence to do online hotel bookings is on the rise in India, with an...

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Satyam case: Special court reserves order on Raju's appeal

Raju and seven others had filed the appeal in the Metropolitan Sessions Court on April 13 seeking to set aside the trial court's judgement and had also sought bail in the case. A Metropolitan Sessions Court here today reserved its order till April...

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Petrol price cut by 80 p, diesel to be cheaper by Rs 1.30

This makes it the second reduction in fuel prices this month. Prices of petrol and diesel were last revised downwards on April 2, by Rs. 0.49/litre and Rs. 1.21/litre, respectively (including state levies). Moneycontrol Bureau The price of petrol...

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Adani working with Aus aboriginal grp to resolve land issue

Indian conglomerate Adani Group on Tuesday said it is in talks with an aboriginal group, which is attempting to stop its 16.5 billion dollar mine project being established on its ancestral land in Australia's Queensland state, to provide them significant...

21.03 | 0 komentar | Read More

LocalOye raises Rs 31 cr from Lightspeed, Tiger Global

Local services mobile marketplace LocalOye has raised Rs 31 crore in the first round of funding from Lightspeed Venture Partners and Tiger Global Management. LocalOye will use the funds to aggressively scale nationwide and expand to more service categories,...

21.03 | 0 komentar | Read More

Business sentiment in India subdued for 2nd quarter: DB

The underlying business sentiment remains subdued for the second quarter of this calender year amid concerns about effective implementation of key economic reforms, says a Dun & Bradstreet study. According to the research firm, the Business Optimism...

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ICICI Bank cuts home loan rate by 0.25%

The cut in the home loan rate is in line with the base rate reduction of 0.25 percent announced last week as there is no tinkering with spreads on loans. ICICI Bank, on Tuesday, slashed home loan rate for both existing as well as new borrowers by...

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Housing finance firm DHFL too lowered its home loan rate

The rate has been revised downward from 10.15 percent and the new rate would be effective from Wednesday, DHFL said in a statement. Housing finance firm DHFL too lowered its home loan rate by 0.25 percent to 9.90 percent. The rate has been revised...

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Yamaha launches YZF-R1M in India priced at Rs 29.43 lakh

The 998-cc model would be available only on order, the company said in a statement. It also announced the launch of two colours, Deep purplish blue metallic C and Vivid Red Cocktail 1, for YZF-R1 model. Yamaha Motor India Sales on Monday launched...

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Plan to open 26 retail stores in Mumbai: Ashapura Fashion

Ashapura Intimates Fashion plans to open 26 retail stores in Mumbai and would require capex of Rs 7-8 crore for that, says CMD, Harshad Thakkar. Harshad Thakkar, CMD,  Ashapura Intimates Fashion in an interview to CNBC-TV18 spoke about the outlook...

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RRP Infra Projects bags order to build 2,071 toilet blocks

The company is engaged in business of infrastructure development such as highway, roads, bridges, civil construction works, irrigation and water supply projects and power plants. RRP Infra Projects on Monday said it has bagged a contract worth Rs...

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BHEL commissions 600-MW thermal unit in Chhattisgarh

The unit was commissioned at Dainik Bhaskar Power Ltd's (DBPL) upcoming 2x600 MW thermal power project located at Dhabra in Janjgir Champa district of Chhattisgarh, BHEL said in a statement. This is the second unit of the power project, commissioned...

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Ban on diesel vehicles: NGT stays order for two weeks

The green panel directed the Delhi government, and other government departments to submit scientifically-backed views by May 1, the next date of hearing. Heeding to the plea of the Delhi government, the National Green Tribunal Monday stayed for two...

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YouWeCan Ventures: Yuvraj Singh's new innings

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. For entire interview,...

21.03 | 0 komentar | Read More

Mobile clinic to detect kidney-related diseases

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease. As part of its Corporate Social Responsibility,...

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Storyboard: Sponsor interest highest in IPL 8

Broadcaster Set Max says that this has been the best IPL so far - all its inventory is sold out and the broadcaster has made an estimated Rs 950 crore before the tournament even began. The eighth edition of the Indian Premiere League kicked off this...

21.03 | 0 komentar | Read More

TrulyMadly: A matchmaking app

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly. India might still...

21.03 | 0 komentar | Read More

Airbus supports Modi's 'Make in India' initiative

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people. Expressing support...

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Airbus supports Modi's 'Make in India' initiative

In India, Airbus Group already operates two engineering centres - one focused on civil aviation and the other one defence - besides, a research and technology (R&T) centre which together employ over 400 highly qualified people. Expressing support...

21.03 | 0 komentar | Read More

TrulyMadly: A matchmaking app

India might still be a conservative market, dating apps are slowly gaining acceptance. A simple proof is Young Turk's first venture TrulyMadly. Sachin Bhatia joined hands with Rahul Kumar and Hitesh Dhingra to set up TrulyMadly. India might still...

21.03 | 0 komentar | Read More

Storyboard: Sponsor interest highest in IPL 8

Broadcaster Set Max says that this has been the best IPL so far - all its inventory is sold out and the broadcaster has made an estimated Rs 950 crore before the tournament even began. The eighth edition of the Indian Premiere League kicked off this...

21.03 | 0 komentar | Read More

YouWeCan Ventures: Yuvraj Singh's new innings

In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. In an interview with CNBC-TV18's Nayantara Rai, Yuvraj Singh spoke about his new found love for venture capitalism. For entire interview,...

21.03 | 0 komentar | Read More

Mobile clinic to detect kidney-related diseases

The Rs 15 lakh mobile clinic 'Muthoot Anbin Nizhal' through Muthoot M George Foundation, was flagged off by City Mayor, P Rajkumar and will traverse the district, educating people about the dreaded disease. As part of its Corporate Social Responsibility,...

21.03 | 0 komentar | Read More

Ola in fresh funding talks; can raise up to USD 400 mn

App-based taxi aggregator Ola is in talks to raise fresh funding of up to USD 400 million (about Rs 2,500 crore) from a clutch of investors including DST Global, sources said. Ola is locked in intense negotiations over the new round of funding as investors...

21.03 | 0 komentar | Read More

Flipkart ties up with Mum dabbawalas to navigate city roads

India's biggest e-commerce company, Flipkart, has tied up with Mumbai's lunchbox delivery men, famous for navigating cramped and confusing streets, as it tries to smooth the often difficult last stretch of its delivery to customers. Dabbawalas have...

21.03 | 0 komentar | Read More

Fitch affirms Tata Steel outlook stable

On European operations, the rating agency said the performance of Tata Steel UK Holdings (TSUKH) has remained firm with stable volumes of 9.86 million tonnes during M9FY15. Fitch on Friday reaffirmed its BB+ rating as well as 'stable' credit outlook...

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Info Edge invests Rs 155 crore in Zomato

"Info Edge (India), through its wholly owned subsidiary, has invested an amount of Rs 1.55 billion (Rs 155 crore) in Zomato, being Info Edge's proportionate share of Zomato's recent fund raise of USD 50 million," Info Edge said in a statement. Internet...

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HDFC cuts loan rates by 20bps to 9.9%

In a statement, the company said the reduction in the RPLR will also be applicable on loans to Non-Resident Indians (NRIs). Housing finance company  HDFC today cut Retail Prime Lending Rate (RPLR) by 20 basis points (bps) to 9.9 percent. The...

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Unseasonal rains to stretch working cap cycle: Camson Bio

Unseasonal and heavy rains have ravaged rabi crops in several parts of the state last month. Agri-linked companies like Camson Bio, which is predominantly in biotechnology products (bio fertilizers and hybrid seeds) could be impacted because of lower...

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Talking to bankers, MPT to restructure port project: Gammon

In an interview with CNBC-TV18's Ekta Batra and Anuj Singhal, KK Mohanty, Managing Director, Gammon Infrastructure , discussed state of the infrastructure sector and the company's own projects. Mohanty said the company had restructured one of its projects,...

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Govt must ease proposed PAN card law for gold deals: Titan

Threatening to go on a strike, jewellers have opposed the government's proposal to mandate the need for producing PAN cards while buying gold worth more than Rs 1 lakh. In an interview with CNBC-TV18,  Titan MD Bhaskar Bhat said that the law may...

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