Month: February 2015

Ramco Systems to raise Rs 500 crore this year

The enterprise software firm will utilise this fund to repay all of its outstanding debt and use the remaining for marketing and brand building activities.           Read More

Parsvnath to cut debt by Rs 400 crore this quarter

Parsvnath said it has got back Rs 572 crore from CHB after both the parties agreed to accept arbitration award. Realty firm has surrendered 124 acres to the CHB.           Read More

Top B-schools see robust placement season; 20% salary rise

Reflecting the optimistic business sentiment, corporates are showing keen interest in the current placement season and are offering higher pay packages           Read More

Ramco Systems to raise Rs 500 cr this year

The enterprise software firm will utilise this fund to repay all of its outstanding debt and use the remaining for marketing and brand building activities           Read More

Telecom subscriber base reaches all-time high at 97 crore

Telecom subscriber base of the country reached all-time high of 97 crore at the end of December 2014, as per the latest report by regulator TRAI. “The number of telephone subscribers in India increased from 964.20 million at the end of November, …           Read More

BSNL, MTNL not to participate in upcoming spectrum auction

BSNL’s Anupam Srivastava says there is no need for additional spectrum at this point of time           Read More

TV makers, DTH operators look to cash in on ICC World Cup

Japanese electronics major Panasonic and South Korean giant LG are confident of doing good business, so also are direct-to-home operators Dish TV and TataSky           Read More

Samsung leads India mobile phone market, but losing grip: CMR

According to CMR, Samsung is “losing its earlier firm grip” with its share declining to 16.5% at the end of Dec 2014 from 20.3% at the beginning of the year.           Read More

ONGC disinvestment unlikely this fiscal

The disinvestment of 5 per cent stake in state-run ONGC appears unlikely this fiscal as the liquidity situation in the market is under stress after recent mega share sales while the subsidy issue remains unresolved. “The CIL disinvestment and HDFC …           Read More

One year on, Satya Nadella shifting focus at Microsoft

Nadella also managed to surprise and wow people with Microsoft’s HoloLens goggles, delivering holograms and hitting a sweet spot between Google Glass and virtual reality headgear.           Read More

Exit polls suggest AAP victory in Delhi

Capital sees record voter turnout of 67%; Modi reviews Delhi, Bihar developments           Read More

NITI Aayog may not scrap UPA’s 12th Plan

Likely to carry out mid-term appraisal; states could continue with annual Plans           Read More

Nitish back as Bihar CM, Manjhi removed from JD(U)

Kumar’s election brought the state back from the brink of a constitutional crisis of President’s rule           Read More

Perform or perish: Govt’s message to public sector banks

Govt’s message to public sector banks: Perform or perish           Read More

Fadnavis blames Congress, NCP for all current problems

Maharashtra Chief Minister Devendra Fadnavis on Saturday put the blame for all of the state’s problems on the door of the Congress and Nationalist Congress Party government. Completing 100 days in office, Fadnavis said the 15-year-rule of the two …           Read More

Higher tax share for states in Budget

States were allocated over Rs 3 lakh crore funds through the central schemes in 2014-15, over Rs 2 lakh crore of which were tied           Read More

RBI conducts liquidity operations on Saturday to tackle outflows

Uses MSF route to help banks tide over tight liquidity brought on by tax outflows           Read More

Officer’s Choice maker plans Rs 500-cr pre-IPO fundraising

ABD is in final stages of negotiations to acquire three bottling units in three states           Read More

People will vote against corruption and inflation: Kejriwal

As Delhi votes for a new government, AAP chief Arvind Kejriwal today exuded confidence of getting a clear mandate for his party and said truth will triumph. “I am confident that AAP will win the elections and form government in Delhi,” he told PTI …           Read More

Increasing capital expenditure part of focus areas of his govt, says Fadnavis

Maharashtra Chief Minister Devendra Fadnavis today said that improving agriculture productivity and increasing capital expenditure are the focus areas of his government, which has completed 100 days in power. “100 days is too short a period to …           Read More

Ola Cabs to hold its first ever hackathon over weekend

Hundreds of techies in the country’s silicon city will spend the weekend working to create technology solutions for solving problems relating to city travel           Read More

Infosys reorganises self to streamline internal functions

Sikka has created vertical-specific delivery leads who would be responsible for completion of projects, and, for the first time, a CIOr to lead infra, data centre and data privacy functions.           Read More

Google takes Android One outside India, launches handset in Indonesia

This comes at a time when the US search giant’s Indian device partners are launching the devices in Nepal, Sri Lanka and Bangladesh.           Read More

Foodpanda.in acquires Just Eat India

Move part of string of investments and acquisitions, estimated at over $1 bn           Read More

Tata Steel PAT falls 69% to Rs 157 crore

Weak demand, surge in low-priced steel imports hurts India operations           Read More

Jet Airways makes profit for the first time since Dec 2012

Consolidated profit of Rs 3 crore on reduction of fuel bill           Read More

Hospira acquisition might fetch Pfizer 3 plants in India

In India, Pfizer has largely depended on third-party manufacturers for domestic supplies           Read More

Maharashtra govt plans to raise FSI in Greater Mumbai

CM Fadnavis allows bonds to be raised by municipal corporations; sets two-year target to BMC for completion of Rs 8,500-cr coastal road project           Read More

Sahara faces default, wants to scuttle transaction, alleges Mirach Capital

‘Wants to scuttle transaction’           Read More

Modi talks economic revival with experts

At NITI Aayog meet, eyeing falling oil prices, PM asks for options; advised on fiscal prudence, stable tax regime in Budget           Read More

The World Cup project (or)

Here are two new projectors that are ideal for viewing the World Cup matches on the big screen           Read More

How an electorate is like a safety kayaker

Electorates, like safety kayakers, are implacably committed to their own interests first. They will take a good hard look at the people freaking out in the water           Read More

NBFCs turn to debt market

Some large ones, such as HDFC and L&T Finance Holdings, have seen a significant change in their funding mix           Read More

SC recalls order asking Marans to move HC against summoning

Aircel-Maxis deal: SC rejects pleas of Dayanidhi & Kalanithi Maran against Delhi court’s summons           Read More

Forest officials’ views to be considered before amendments to key environmental laws

Suggestions of 600-odd forest officers from different parts of the country on the key policy decisions will be taken at three chintan shivirs           Read More

Inter-state panel to boost infra may be set up on Sunday

He is also expected to dwell on measures to eliminate poverty           Read More

Moody’s analysts expect India’s economy to grow at 3-year high of 6% in Q3

Official numbers for the December quarter to be released on Monday           Read More

Govt may approve new SEZs, extend existing ones

Board of Approvals on Special Economic Zones is to take a call at its Feb 20 meeting           Read More

After 32 quarters of CAD, India could see surplus: HSBC

For 2015-16, the current account deficit could halve to 0.6% of GDP from 1.2% in the previous year           Read More

Payments bank JV with Reliance to help us: SBI

RIL is to be promoter of the proposed payments bank and SBI will hold up to 30 per cent stake           Read More

India to be $4 trillion economy in next 10 years: Jayant Sinha

MoS for Finance says govt looking at addressing a whole host of tax and regulatory issues in this budget           Read More

Government thrust on investment in power, roads, ports: Jaitley

Signals investor-friendly, tax reforms-packed Budget           Read More

Ambani brothers seek faster approval for stalled projects

FM Jaitley, Maharashtra CM promise to make Mumbai an easier place for business, investments           Read More

NAREDCO seeks review of hike in foreign remittance ceilings

NAREDCO pointed out that residential sales declined by about 30% in 7 major Indian cities during 2014 and the decline was steep in NCR.           Read More

February 10 is last day of work: Foxconn

Employees have time till February 9 to decide on the offer, delaying which workers will receive a severance amount prescribed by labour laws the next morning.           Read More

Kellton Tech eyes acquisitions, to increase headcount by 500

Kellton Tech Solutions Ltd, a city-based IT services company, today said it is looking at two to three acquisitions by the next fiscal and will hire around 500 staff globally this year as part of its plans to grow into a $100 million company by March 2016.           Read More

Micromax launches Rs 699-phone

Micromax has unveiled two new low-cost devices, with prices starting at Rs 699, as it targets consumers looking for affordable devices as back-ups to their smartphones.           Read More

Parsvnath gets Rs 572 crore back from Chandigarh Housing Board

Parsvnath said it has received Rs 572 cr from the CHB after both parties agreed to accept arbitration award in a dispute over development of a project.           Read More

Micromax appoints Shubhajit Sen as new chief marketing officer

Before Micromax, Sen served as the executive vice president – marketing of Glaxo Smith Kline Consumer Health Ltd, for 21 years.           Read More