Business News

Jaigad (Maha), 26 Mar 2017/--/JSW Steel is keen to capitalise on the stress in the sector by acquiring distressed alloy companies so that it can expand its capacity faster, a top official has said. "We are looking at distressed companies for acquisition," JSW Steel Chairman Sajjan Jindal told a...

NEW DELHI, 26 Mar 2017/--/State-run aerospace behemoth Hindustan Aeronautics Limited (HAL) has finalised a major plan to manufacture nearly 1,000 military helicopters and over a hundred planes, in tune with government's focus on speeding up defence indigenisation. HAL Chairman and Managing...

Agartala, 26 Mar 2017/--/The Oil and Natural Gas Corporation (ONGC) has established a recoverable reserve of 40-45 Million Metric Standard Cubic Meter gas (MMSCM) in the wake of massive exploration drive in Tripura, officials said. "So far, we have drilled 220 wells of which more than 100 wells are...

Mumbai, 26 Mar 2017/--/Having imported fruits from all over the world for over 50 years, domestic firm IG International has entered the exports business by shipping grapes to Europe, Russia and South Asian countries. "After success in the import business, we wanted to set up our own export division...

NEW DELHI, 26 Mar 2017/--/Budget carrier SpiceJet Sunday launched its services to Surat with a direct flight from here to Gujarat's textile city. The new flight is part of SpiceJet's enhanced summer schedule and will augment its connectivity in the domestic sector, the airline said in a release....

NEW DELHI, 26 Mar 2017/--/Foreign investors have pumped in about $6 billion in capital markets so far this month, buoyed by expectations that BJP's victory in assembly polls is a precursor to more "bold, reformist policies" in India. The inflows follow a net investment of Rs 15,862 crore in equity...

Mumbai, 26 Mar 2017/--/SBI Life is set to enter Bahrain in next financial year and is awaiting regulatory permission to open a branch there, a top company official has said. "We are all set to expand and enter Bahrain next financial year and we have already received the approvals from Irdai for...

Mumbai, 26 Mar 2017/--/Banker Uday Kotak has said the BJP's win in the recent state polls is positive for economic reforms and the government should now focus on re-activating "animal spirits" of the private sector to invest. "I think we just need to make sure that we are focused on growing the...

Mumbai, 26 Mar 2017/--/The digital content industry is confident of finding its place in the market soon, with the advertisers' rising interest in it and the Broadcast Audience Research Council planning a measuring tool for the segment. The largely advertising driven and free subscription based...

NEW DELHI, 26 Mar 2017/--/India's media industry received about Rs 19,197.30 crore in FDI from April 2000 to February 2015, amounting to about 10 per cent of the industry's size, according to a new book. The book "India's Changing Media Landscape" analyses the emerging trends of the media industry...

NEW DELHI, 26 Mar 2017/--/The combined market valuation of four of the top-10 most valued Indian companies declined by Rs 26,738.39 crore last week, led by IT major TCS. TCS, RIL, Infosys and HUL suffered losses in their market capitalisation (m-cap) for the week ended Friday, while HDFC Bank, ITC...

NEW DELHI, 20 Mar 2017/--/The Lok Sabha today passed the Railway Appropriation Bills and supplementary demands for grants for this year, with the total proposed outlay for 2017-18 pegged at Rs 1,31,000 crore. The Demands for Excess Grants 2013-14 and the Supplementary Demand for Grant 2016-17 for...

NEW DELHI, 20 Mar 2017/--/The Union Cabinet on Monday approved four legislations to implement the Goods and Services Tax (GST), ahead of their introduction in Parliament this week to enable roll out of the tax reform from July 1. Approval of the bills by Parliament and a separate one by all state...

Mumbai, 20 Mar 2017/--/British telecom major Vodafone and Aditya Birla group-run Idea Cellular on Monday announced the merger of their operations, creating the largest mobile operator by customer and revenue market share. The merged entity, which will come into force over the next two years, will...

NEW DELHI, 20 Mar 2017/--/The government has decided to dispose of safely the hazardous waste from the Union Carbide factory in Bhopal, the Rajya Sabha was informed today. "The government has decided to take the necessary remediation measures including the safe disposal of identified quantity of...

Kolkata, 20 Mar 2017/--/Bombay Stock Exchange Institute Ltd (BIL), the leader in financial education, has signed an MoU with Techno India University in Kolkata today to offer specialized programs in Finance and Financial markets. The programs, to be offered jointly, will include high end programs...

Kolkata, 20 Mar 2017/--/Groupe SEB, small domestic equipment manufacturer launched Tefal with a premium range of products across segments such as Cookware, Food & Drink Preparation, Breakfast, Linen Care and Home Care. CEO Sunil Wadhwa said, “Groupe SEB is pleased to launch the flagship...

Kohima, 20 Mar 2017/--/NSE Academy and the Nagaland Board of School Education (NBSE) have joined hands to impart financial literacy to Class IX students throughout Nagaland. From the 2017 session, NBSE has made NSE academy’s financial literacy course compulsory for the students of Class IX, for all...

Kolkata, 20 Mar 2017/--/Federal Bank today launched three innovative digital banking products. FedBook Selfie-lite is the latest version of the Bank’s instant account opening mobile app FedBook Selfie. The new version allows customers to open and operate new Bank account instantly. Customers will...

Guwahati, 20 Mar 2017/--/Oil tanker workers affiliated to Assam Petroleum Mazdoor Union (APMU) today began an indefinite strike demanding minimum wages and other benefits like provident fund. Oil marketing companies, including IOC, BPCL and HPCL, have termed their demands as "illogical and...

NEW DELHI, 20 Mar 2017/--/CBI has registered a case of cheating and corruption against Pramod Mittal, the then Chairman Global Steel Holdings Limited, and former top officials of State Trading Corporation for allegedly causing a loss of INR 2,112 crore to the public sector undertaking. The case...

Dubai, 20 Mar 2017/--/Oman's national carrier will start a new daily direct flight between Salalah, a southern Omani city and Kozhikode in Kerala from next week, the airline said. This will be in addition to Oman Air's flight service between Muscat and Kozhikode which is the latest destination in...

NEW DELHI, 20 Mar 2017/--/Cellular body COAI today termed the merger of Idea Cellular and Vodafone India as a "bold" move and said the combined stronger entity will be beneficial to both government and consumers of the Indian telecom market. Stating that the merger will be "good" not only from an...

NEW DELHI, 17 Mar 2017/--/An estimated Rs 2,82,212 crore revenue will be generated through cess and surcharge in 2017-18, Union Finance Minister Arun Jaitley said on Friday. Jaitley said in Lok Sabha that the total revenue generated through cess and surcharge during 2014-15 was Rs 1,19,276.65...

NEW DELHI, 17 Mar 2017/--/Jaitley on Friday said there is no proposal to withdraw the Rs 2,000 notes that were introduced post demonetisation. The Rs 2,000 banknotes were introduced along with new Rs 500 currency following the withdrawal of old Rs 500 and Rs 1,000 notes from November 9, 2016. "...