Business News

Mumbai, 30 Oct 2017/--/HDFC Standard Life Insurance, which opens its Rs 8,700 crore IPO on November 7, today said it has fixed its price band at Rs 275-290 per equity share. The private insurer's Initial Public Offer will open on November 7 and close on November 9. "The funds raised will be used...

NEW DELHI, 30 Oct 2017/--/The government today extended the due date by a month for filing of July GSTR-2 to November 30 and GSTR-3 to December 11. GSTR-2 or purchase returns have to be matched with GSTR-1 which is the sales return. The original due date for filing GSTR-2 was October 31, while the...

NEW DELHI, 30 Oct 2017/--/Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said. In reply to an RTI query, the...

NEW DELHI/DUBAI, 30 Oct 2017/--/Inviting UAE investors to join hands with India and be part of its infrastructure growth story, Union Minister Nitin Gadkari today said two mega initiatives worth Rs 24 lakh crore - Sagarmala and Bharatmala - are going to be game changers. Addressing the India-UAE...

Mumbai, 30 Oct 2017/--/Bengaluru-based premium cookie maker Unibic Foods is eyeing a market share of over 10 per cent in the next 12 to 18 months, a top company official said. The cookie market in India is pegged at Rs 7,500 crore, split equally between the premium and mass segments. "Our...

Mumbai, 29 Oct 2017/--/The Railways is looking to invest over USD 150 billion over the next five years which would help create one million additional jobs, minister Piyush Goyal has said. Goyal, who took over as the rail minister after a Cabinet reshuffle in August, said he was trying to give the...

NEW DELHI, 29 Oct 2017/--/Top global players including Tata Steel, Essar Group and ArcelorMittal are learnt to have submitted bids to acquire debt-laden Essar Steel which is going through the insolvency resolution process. Essar Steel India Ltd, an integrated steel producer with an installed...

Mumbai, 29 Oct 2017/--/Sunil Mittal, the head of the largest telecom operator Bharti Airtel, has said ease of doing business still remains a "major concern" and urged the government to do more. "The ease of doing business remains a major concern. I know government is very focused on this, the PM...

NEW DELHI, 29 Oct 2017/--/Prime Minister Narendra Modi's demonetisation hit the poor but they forgave him because they believed he was on their side and the move was aimed against "filthy rich people", says former member of the erstwhile Planning Commission Arun Maira says. According to Maira, it...

NEW DELHI, 29 Oct 2017/--/Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being "processed in all earnest" through a sophisticated currency verification system, the RBI has said. In reply to an RTI query, the...

Mumbai, 29 Oct 2017/--/Tata Motors' British luxury marquee Jaguar-Land Rover (JLR) expects to vroom past the 4,500-unit volume-mark this fiscal year and increase its market share to around 14 per cent. It had already sold 2,942 units in the first nine months of 2017, clipping past a solid 45 per...

Kolkata, 29 Oct 2017/--/The West Bengal government is looking at a long-term solution for the ailing jute industry and likely to prepare a white paper for the revival of the sector that offers livelihood to lakhs of people. The state government has offered a temporary solution of procuring jute...

Mumbai, 29 Oct 2017/--/Bengaluru-based premium cookie maker Unibic Foods is eyeing a market share of over 10 per cent in the next 12 to 18 months, a top company official said. The cookie market in India is pegged at Rs 7,500 crore, split equally between the premium and mass segments. "Our...

Kolkata, 29 Oct 2017/--/Footwear major Khadim India Ltd is looking at premiumisation of its sub-brands, which has surpassed the parent brand in terms of revenue, to boost growth and margins. The nine sub-brands of Khadim, including British Walkers, Lazard, Cleo, Sharon and Softouch clocked sales...

JAIPUR, 29 Oct 2017/--/A Jaipur-based InstaCash has introduced a mobile app for people to sell their old smartphones at their doorstep. Launched a few months back, InstaCash has purchased close to 5,500 smartphones from users in Delhi and NCR market. "The rise in smartphone reuse is the new trend...

NEW DELHI, 29 Oct 2017/--/The combined market valuation of five of the 10 most valued Indian companies zoomed Rs 94,688.93 crore last week, mainly helped by a stellar rally in SBI. While Reliance Industries Ltd (RIL), SBI, Maruti, ONGC and Infosys saw a rise in their market capitalisation (m-cap)...

Mumbai, 29 Oct 2017/--/The fence-sitting buyers are likely to come into the market with a firm intention to buy a home if lower interest rates coincide with a hard discount or some other money-saving offer, says property consultant Jones Lang LaSalle. "We keep hearing of the 'wait-and-watch' or '...

Mumbai, 29 Oct 2017/--/Leading electronic security systems player Zicom Sunday said it is looking at significant growth in the Internet of Things (IoT) and SaaS market place to clock a service revenue of about Rs 200 crore by 2020. "Zicom has moved from being a pure play, physical security company...

NEW DELHI, 29 Oct 2017/--/Quarterly earnings, macroeconomic data points and recapitalisation play are going to be the crucial metrics to track for the stock market this week, say experts. "In the near term, stock-specific actions will be witnessed due to ongoing Q2 results. Going ahead, market...

NEW DELHI, 29 Oct 2017/--/Foreign investors have pumped in close to USD 3 billion in the Indian capital markets so far this month due to "high nominal and real yields" and stable macroeconomic conditions. Interestingly, most of the funds have been infused in the debt markets. According to the...

NEW DELHI, 29 Oct 2017/--/Businesses which opted for composition scheme in the July-September quarter will get to file their maiden GST returns soon. Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy, till...

NEW DELHI, 26 Oct 2017/--/Niti Aayog CEO Amitabh Kant has pitched for channelling insurance and pension funds for financing infrastructure projects as also for a complete re-examination of the Viability Gap Funding (VGF) scheme. He said that the country's infrastructure sector has been hit due to...

NEW DELHI, 26 Oct 2017/--/The Centre has instructed states not to deny PDS benefits to any beneficiary who does not have Aadhaar or has not linked ration card to the 12-digit biometric identifier and warned of strict action on violation. It has also asked state governments not to delete eligible...

Melbourne, 26 Oct 2017/--/The Australian government Thursday admitted writing a letter to China backing Indian mining giant Adani's controversy-hit Carmichael coal mine project in a bid to dispel "misinformation" campaign from the "radical left" to stop the 16.5 billion dollars venture, media...

NEW DELHI, 26 Oct 2017/--/Keen to set up an about Rs 6,000 -crore facility at JNPT Special Economic Zone (SEZ), a global electronic major has sought 200 acres there, Union minister Nitin Gadkari said on Thursday. JNPT is one of the top 12 major ports under the control of the Centre. "A global...