Business

Airtel to acquire Tikona Networks’ 4G business 

March 24: Bharti Airtel has entered into an agreement with Tikona Digital Networks to acquire its 4G business including the broadband wireless access (BWA) spectrum and 350 sites, in five telecom circles for approximately Rs 1,600 crore.

 Pearson bets big on Indian market

March 24: Pearson Clinical and Talent Assessment (PCTA), the operating business unit of Pearson India, which launched HireMe app in India last year, is now planning to launch it in other countries.

Karnataka govt gives Rs 1.8 crore grant to 8 startups

March 24: The Karnataka government has given grants worth Rs 1.8 crore to eight startups in the tourism sector under Idea to Proof of Concept Grant Scheme (Idea2POC) initiative.

CCI approves Reliance Infratel tower sale to Brookfield arm

March 24: The Competition Commission of India (CCI) has granted approval to the proposed sale of tower division of Reliance Infratel

Real estate may soon come under GST, says Jaitley

March 24: Real estate, which does not form a part of Goods and Services Tax, may soon come under its ambit as most of the black money is parked in this sector


Centre mulls easing rules for foreign retailers

March 24: Retail companies, including Amazon, have lined up with investment proposals to the tune of $695 million in the food processing sector

Amazon India to invest $515 m in food e-retail space

March 24: Amazon India on Thursday proposed to invest over $500 million for e-retail of food products in India over a period of five years.

Malabar Gold to invest Rs 650 cr

March 23:Malabar Gold & Diamonds, the flagship company of Malabar Group, and one of the fastest growing business conglomerates of India

Tally achieves over one million user base

March 23: Software product company Tally Solutions on Wednesday said the company has crossed the user base of over one million businesses in the country

SBI advises Snapdeal sellers to cut outstanding loans

March 23: As the consolidation rumour is rife in the market, India’s third largest ecommerce marketplace Snapdeal’s sellers are facing the wrath of SBI to reduce their outstanding loans above their drawing power.

Porsche eyes pre-owned luxury car mkt

March 23: Porsche India is eyeing an entry into the pre-owned luxury car segment.

Airfares in India among ’lowest’ globally: Sinha

March 23: India has one of the lowest and “most competitive” airfares in the world despite high cost of planes and fuel, Union Minister Jayant Sinha said on Wednesday.

’GST will reduce commodity prices’

March 23: Finance Minister Arun Jaitley on Wednesday said the Goods and Services Tax (GST)

Sensex recovers 147 points in early trade

March 23: The benchmark BSE Sensex recovered over 147 points in early trade on fresh buying by investors in blue-chip stocks amid a firm trend in Asia.

Govt may table 4 GST bills in Parliament today: Minister

March 23: The government may table four GST supplementary legislations in Parliament today, a union minister said.

Sensex plunges 222 pts in early trade on global cues

The benchmark BSE Sensex declined further by about 222 points to 29,263.74 and the NSE Nifty slipped below the 9,100-mark in early trade today .........

Aricent, Nasscom Foundation launch ’ARISE’

Aricent, a CSR initiative of Aricent Technologies, and Nasscom Foundation have jointly announced the launch of their Aricent Skills for ...............

Honda Cars to hike prices by up to Rs 10k from April

Honda Cars India (HCIL) has announced that it is planning to hike prices of its models by up to Rs 10,000 with effect from April 2017.............

Revenue dept turns down Apple’s tax incentive demand

In a setback to US-based iPhone-maker Apple’s India dream, the government has said no to the tax concessions demanded by the company...........


Cabinet clears GST supplementary legislations

The Cabinet today cleared four supporting GST legislations, paving the way for their introduction in Parliament as early as today..........

Cabinet may tomorrow consider GST supplementary legislations

March 20: The Cabinet may tomorrow take up for approval the supporting GST legislations, which will then be introduced in Parliament as the government sprints

Ambani pitches for ’Keep in India’

March 20: Reliance Industries chairman Mukesh Ambani has pitched for an addition to the to-do list of the Modi government by requesting for an initiative

CL Educate raises Rs 72 cr via anchor allotment

March 20: CL Educate, a diversified and integrated technology-enabled provider of education products, services, content and infrastructure

Cabinet nod for merger of BMB with SBI likely in 3 months

March 20: The government is expected to give final approval to the merger of Bharatiya Mahila Bank with the country’s largest lender SBI within three months.

Adani hopes to start Austalian coal mine project by August

March 20: Adani Group Chairman Gautam Adani, whose USD 22 billion Carmichael coal mine and port cum railhead project in Queensland is being opposed by some people

Vodafone India ties up with Amazon Prime Video

March 20: Telecom service provider Vodafone today said it has partnered with Amazon Prime Video India to enable its customers access large selection of Bollywood

House panel demands new method to guage economy

March 20: Since computing economic growth numbers with 2011-12 as the base year has raised more questions than answers

ONGC to buy out GSPC’s KG block stake for $1.2 b

March 20: State-owned Oil and Natural Gas Corporation (ONGC) has signed definitive agreements to buy out debt-ridden GSPC’s entire 80% stake in KG-basin natural gas

40 pilots resign from Air Costa

March 20: Embattled Air Costa has seen an exodus of employees, including 40 pilots, in the last few weeks over non-payment of salaries.

’BMB-SBI merger may be approved soon’

March 20: The government is expected to give final approval to the merger of Bharatiya Mahila Bank (BMB) with the country’s largest lender State Bank of India (SBI)

Idea to sell 2G, 3G, 4G mobile data at same price from Mar-end

March 18: Telecom operator Idea Cellular will start selling 1GB and above mobile data plans across its 2G, 3G and 4G network at same price by the end of this month.

Queensland govt supports USD 16.5bn coal mine project: Adani

March 18: Adani group today said Queensland premier Annastacia Palaszczuk has reaffirmed her government’s committment to the USD 16.5 billion Carmichael mine project in the Australian province.

NCLT adjourns hearing on a waiver application by Mistry

March 18: The National Company Law Tribunal (NCLT) on Friday adjourned hearing on a waiver application by Cyrus Mistry’s family firms till April 4

PAC suggests DoT to work with better coordination

March 18: To ensure quality mobile phone service in remote areas, Public Accounts Committee on Friday suggested that the Department of Telecom (DoT)

Reliance Capital to sell non-core biz

March 18: Close on the heels of its partial stake sale in One97 Communications, the parent of Paytm, Anil Ambani-led financial services company Reliance Capital

Queensland reaffirms commitment to Adani’s biz

March 18: The Premier of Queensland, Annastacia Palaszczuk, has affirmed her government’s commitment to the $16.5 billion Carmichael mine project

’India, Russia to set up $1 b fund to promote biz’

March 18: India and Russia are setting up a $1 billion fund to promote mutual investments in infrastructure and technology projects

Panel raps Finance Ministry for reduced allocation to AI

March 18: Unimpressed by the reduction in allocation for Air India, a Parliamentary panel has rapped the Ministry of Finance

Implementation of industrial corridor tardy: House panel

March 18: A Parliamentary standing committee on Commerce, on Friday implored the government for reducing budgetary allocation on industrial corridors from Rs 1,320 crore to merely Rs 496 crore in 2016-17.

Trivendra Rawat to be U’khand CM

March 18: Trivendra Singh Rawat was on Friday unanimously elected the leader of Uttarakhand BJP legislature party

 

Nifty crosses 9,200 for first time, Sensex climbs 239 pts

Continuing its record-setting spree, the Nifty climbed over the 9,200-mark for the first time and the benchmark Sensex surged 239 points in early hours today, with foreign investors ...........


Reliance Cap to demerge its retail health insurance biz

Reliance Capital, a part of the Anil-Ambani led Reliance Group, has announced plans to separate out its retail health insurance business, from its general insurance business ...............


Markets turn green again

Markets continued their upward journey after taking a break on Wednesday, with the Nifty hitting new closing highs on Thursday. ..............

 

Govt fails to check NPAs, says panel

A Parliamentary committee has observed that none of the measures taken by the RBI and the government have been able to contain the problems of bad loans in the banks.................

 

Roadster marks Myntra’s entry into offline retail

Online fashion giant Myntra in association with one of its franchise partners on Thursday launched its first offline store for Roadster, its largest selling in-house brand. .................

Adani asked to abandon coal mine project in Australia

Cricket legends Ian and Greg Chappell are among 90 prominent Australians who have signed an open letter calling on Indian energy giant Adani to ............

Sensex jumps 206 pts, Nifty at new peak after Fed move

The Sensex rebounded by over 206 points and the NSE Nifty scaled a life-time high of 9,143 in opening trade today amid a firming trend in global ........


’Farm loan waivers upset credit discipline’

Expressing reservations over farm loan waiver schemes, State Bank of India Chairman Arundhati Bhattacharya on Wednesday said such sops may disrupt credit discipline among borrowers............

The Tamil Nadu Police have arrested Yogendra Vasupal, chief executive officer of online facilitator Stayzilla on the charges of ..........

Wipro opens auto centre in US

Wipro has announced the opening of an automotive engineering centre (AEC) in Detroit..............

Sensex starts with small gains, inflows continue to pour in

The Sensex struck a positive note today in the beginning on continued foreign inflows ahead of the expected hike in US interest rates. However, caution prevailed after retail ...............


Trai seeks views on ease of doing biz

Batting for ease of doing business in the telecom sector, the Trai on Monday sought views from stake holders on simplifying procedures in ...............


Tata Power Solar invests Rs 100 cr in Bengaluru

Tata Power Solar, the largest integrated solar company owned by Tata Power, expanded the capacity of its cell and module manufacturing .............

Nifty hits all-time closing high

Indian markets soared to record highs following Bharatiya Janata Party’s resounding victory in the Uttar Pradesh assembly polls...........


WPI inflation spikes to 6.55% in Feb on surge in food rates

Inflation based on wholesale prices shot up to 39-month high of 6.55 per cent in February because of costlier food and fuel items................

Nifty takes a leap, hits record 9,123 on BJP’s poll success

The BJP’s landslide victory in UP and Uttarakhand worked wonders for the market as the Nifty hit an all-time high of 9,123 and the Sensex soared 616 points in opening trade today after ............

 

Intel to buy Israeli technology firm Mobileye for $15 billion

US chipmaker Intel on Monday announced its decision to buy Israeli driverless technology firm Mobileye for $15.3 billion..............


Centre plans to roll out new hydro power policy

As the Centre is targeting to have a total hydro capacity of 75 GW by 2030, the Power Ministry is working on a new policy for the hydro power ........


AWS India partner network registers 80% growth

AWS India, the cloud business of Amazon, has registered 80% growth in its AWS Partner Network (APN) to help it expand its business across the country, said Amazon Internet Services .............

 

Titan launches first smart wearable Fastrack Reflex

Fastrack, one of the most-loved youth fashion brand in the country owned by Titan, has announced its foray into the smart wearables segment ...........


Idea to offer free roaming across India from April 1

Idea Cellular has announced that it will offer free incoming calls to all its customers roaming anywhere in the country from April 1, 2017.............

 

Post poll wins, Centre may take tough reform decisions

Emboldened by a good showing in the Assembly elections, the BJP-led government is expected to announce some tough decisions pertaining ..........


Megamorph eyes market push

Megamorph Marketing, the young Bengaluru-based cleaning solutions firm, has devised a multi-pronged expansion strategy for the next .................

 

Expect India to be 3rd-biggest car market by 2020: Suzuki

Suzuki Motor Corporation (SMC) expects India to grow into the third-biggest car market in the world by 2020 and is "determined" to play a big part in that growth..........


Volvo India readies long-haul truck strategy before GST

Awaiting the government’s expected move to implement the Goods and Services Tax (GST) regime in July, Swedish automotive giant Volvo is pushing plans to grow in India’s long-haul trucking space............

Social media backlash compels Paytm roll back top-up charges

March 11: China’s Alibaba-backed Paytm today cited the outcry on social media as a reason for rolling back 2 per cent charge that it levied on money loaded in the wallet using credit cards.

IIP bounces back in Jan, expands by 2.7 pc

March 11: Industrial production bounced back in January expanding by 2.7 per cent year-on-year mainly due to better performance by the capital goods segment, a barometer of investment activities.

Reliance Jio, Paytm apologise for using PM’s photo in ads

March 11: Reliance Jio and Paytm have apologised for using Prime Minister Narendra Modi’s photograph in their advertisements without permission, the government informed Parliament on Friday.

Avenue Supermarts IPO subscribed nearly 106 times

March 11: Avenue Supermarts, the parent of D-Mart chain of retail stores, has received a stupendous response to its initial public offering with the issue being subscribed nearly 106 times

Gold dips below Rs 29k

March 11: Gold prices saw a sharp downturn on Saturday, plunging as much as Rs 400 to an over two-month low of Rs 28,850 per 10 grams, hurt by a sluggish overseas trend and lower demand from jewellers.

Govt to initiate action against defaulters soon

March 11: The government may initiate action against top bank loan defaulters soon, as the bad loans of public sector lenders reaches close to Rs 7 lakh crore.

SBI, KfW ink pact worth Rs 1,800 cr

March 11: State Bank of India (SBI) and the German Development Bank KfW have concluded a loan facility of approximately Rs 1,800 crore ($274 million) to support lending for affordable housing in India.

Cost of printing Rs 500 note is Rs 3, says FM

March 11: The cost of printing each Rs 500 currency notes is around Rs 3 and that of Rs 2,000 comes to about Rs 3.70, Finance Minister Arun Jaitley informed the Lok Sabha on Friday.

Tata Motors signs MoU with Volkswagen, Skoda

March 11: Tata Motors has announced the signing of a memorandum of understanding (MoU) for a long-term partnership with Volkswagen Group and Skoda, to explore strategic alliance opportunity for joint development of products.

Air India impacted by short-term loans: CAG

March 11: High volume of short-term loans and failure in monetisation of assets are having a negative impact on Air India, in turn around its fortunes, the Comptroller and Auditor General (CAG) said.

Market posts minuscule gains ahead of poll D-day

March 10: The market moved back and forth many a time today, but ultimately shaped up in nick of time to close with paltry gains as investors waited for the state election results.

Paytm to levy 2% fee on topping up wallets with credit cards

March 10: Paytm users will now have to pay a two per cent fee for adding money to their wallets using credit cards.

McDonald’s undergoes brand transformation; launches ’experience store’

March 10: As part of a brand transformation, McDonald’s India is launching a series of concept restaurants with enhanced digital capabilities to improve customer experience, and expects to open 5-10 outlets in the city in the next 18 months.

Surging steel, cement prices may make homes costlier: CREDAI

March 10: Steel and general metals prices have gone up by around 30% each in the last few monthswhich can change the dynamics of the real estate market in Bengaluru in the next two quarters

Jaitley, RBI to discuss NPA issues today

March 10: With growing public sector bank NPAs making the twin balance sheet problem grave, Finance Minister Arun Jaitley will take stock of non-performing assets on Friday along with the Reserve Bank of India.

Trai aims to make Web affordable

March 10: Aimed at making Internet services affordable in the country, the Telecom Regulatory of Authority of India (Trai) on Thursday suggested the government to reduce the import duty on Wi-Fi equipment and set up public data offices.

RBI to issue new Rs 10 notes

March 10: The RBI has decided to issue new Rs 10 notes with improved security features. The central bank has also clarified that all the existing notes of Rs 10 will continue to be legal tender.

Google Cloud, SAP join hands to develop enterprise solutions

March 10: Google has announced a new strategic partnership with SAP, focused on developing and integrating Google’s cloud and machine learning solutions with SAP enterprise applications.

NTT Data Services to go for top-level reshuffle

March 10: NTT Data Services, which acquired Dell Services for $3.05 billion, has brought in a complete overhaul of its management team in alignment with Japanese culture, before the complete merger in April.

GDF International to sell 10% stake in Petronet LNG

March 10: France-based GDF International, which holds a 10% stake in Petronet LNG, has decided to sell its entire stake worth over Rs 2,900 crore.


Sensex extends losses ahead of exit polls; down 87 pts

The Sensex shed about 87 points while the NSE Nifty cracked below the 8,900-mark in early trade today on sustained selling in oil and ..........

Govt to mop up 8K kg gold through monetisation plan

 

The government is aiming to collect around 8,000 kilogram gold by July under the gold monetisation scheme, a top government official .............

Adhere to spending cap in March: FinMin to ministries

March 9: The Finance Ministry has asked other ministries not to breach financial propriety and restrict expenditure to 15 per cent ceiling in March to avoid expenditure rush in the last month of the fiscal.

Challenge is to transition without losing values, ethos: Sikka

March 9: Transforming culture of a company is "difficult" but the challenge is to transition "without losing values" and "ethos", Infosys chief Vishal Sikka has said.

Govt to mop up 8K kg gold through monetisation plan

March 9: The government is aiming to collect around 8,000 kilogram gold by July under the gold monetisation scheme, a top government official said on Wednesday.

’Exempt low-price biscuits from GST’

March 9: More than 240 small scale units manufacturing the ubiquitous glucose biscuits may face closure if the government decides to tax the healthy nutrition source of the poor at a higher rate.

Auto industry ready to implement BS IV norms

March 9: The automobile industry is fully geared up to commence production of vehicles compliant with BS IV emission norms from April 1, 2017

Supporting GST laws to be tabled on Mar 27

March 9: Aiming to launch the much-awaited Goods and Services Tax (GST) by July, the government is preparing to introduce the supporting legislation for Parliament approval on March 27.

Sikka: Challenge is to change without losing values, ethos

March 9: Infosys Chief Executive Officer Vishal Sikka said transforming the culture of any company is very difficult task, and that too without losing values and ethos.

PepsiCo to launch nutrition-based snacks, juices

March 9: Sticking to its commitment of offering healthy and nutritious products to Indians, PepsiCo India will be launching nutrition-based snacks, and fruit and vegetable-based juices before the end of this month at affordable prices.

Curbing work rights for H-1B spouses not good: Nasscom

March 9: IT industry body Nasscom on Wednesday said that any move to restrict work rights for spouses of H-1B visa-holders may dampen the enthusiasm of tech professionals to go on such visas, but will not directly impact the industry.


Sensex recovers 23 pts in cautious early trade

The benchmark Sensex opened on a cautious note to recover almost 23 points in early trade today on fresh buying by investor .........

In talks with VW for partnership: Tata Motors

March 8: Tata Motors today said it is in talks with the world’s largest auto maker Volkswagen for a possible partnership.

SBI launches ’Work from Home’ facility for employees

March 8: Country’s largest lender State Bank of India today launched a new facility to enable its employees to work from home.

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