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Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990

Ola aims to double the fleet in the city by next year

Company sees the number of vehicles to grow to 1600 in the next one year

Startup News: Nischint Solutions launches kids safety mobile app in Telangana

App runs on Android, iOS and Windows OS, will help parents safeguard kids by screening out hazards of digital world

Hike in ticket cancellation rates: DGCA enquiring; CCI probe

Three domestic carrier IndiGo, Jet Airways and SpiceJet have unilaterally revised upward their ticket cancellation fee in the recent past

Features Rss icon

Cannes 2015: Falling off the map

Fatigue or disconnect with the digital age; experts explore the reasons behind India's poor show at Cannes this year

I love Housing.com but am not sentimental about it: Rahul Yadav

Rahul Yadav, the recently-ousted CEO of Housing.com, says he is too logical to be sentimental about the venture he co-founded three years ago

10 takeaways from IndiGo's prospectus

Despite having started at least a decade later than Jet Airways, IndiGo accounts for the lion's share in the domestic market

Eros International: Rising content monetisation to drive earnings

Well diversified revenue streams alongwith strong movie pipeline are key positives

CompaniesRss icon

Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990

Kotak Bank bullish on corporate loans, eyes up to 20% growth

Says revival in large ticket loan demand will come in the final quarter

SBI Group's share in debit card payments touches 25% in FY15

As of March end, the SBI Group has issued over 20.59 crore debit cards, which is highest in the country


Week ahead: Markets ready for Greek odyssey

The FMCG, banking and capital goods sector rose 1-2% each during the week, while the IT index ended lower by 1%.

Videocon's Dhoot to spend $2.5 bn in Brazil oil & gas

The scope for oil from its blocks in the South American country is four times higher than the largest field in India

Rajesh Exports hits new high as board approves acquisition in Europe

In the past one month, the stock has rallied 73% compared to a 4.5% rise in the S&P BSE Sensex.


Kotak Bank bullish on corporate loans, eyes up to 20% growth

Says revival in large ticket loan demand will come in the final quarter

SBI Group's share in debit card payments touches 25% in FY15

As of March end, the SBI Group has issued over 20.59 crore debit cards, which is highest in the country

Pay package of IDFC's Rajiv Lall sees decline of 26% in FY15

Rajiv Lall, executive chairman, IDFC earned a remuneration of Rs 4.40 cr in FY15 compared with Rs 5.55 cr in 2013-14


No plan to delist: MTNL

Call on merger of BSNL & MTNL to be taken in 4-5 months, said the department of telecommunications secretary

MTNL surges 20% on delisting buzz

Till 1510 hours, a combined 26.3 million shares changed hands and there were pending buy orders for 250,000 shares on the NSE and BSE.

From today, retain your mobile number across circles, states

Currently, MNP only available within a state/circle where mobile subscribers can change their service providers while retaining mobile numbers


Undue benefits of Rs 156 cr provided to IT firms in Kerala: CAG

CAG in the audit report on land issues in three IT parks also said 64% land given for IT development remained unutilised since 1990

TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infosys to invest $10 million in Irish start-ups

Bags long-term outsourcing deal from Allied Irish Banks


Bliss GVS Pharma zooms 20% on bagging $35 million contract

Till 1034 hours, a combined 2.41 million shares changed hands and there were pending buy orders for 1.59 million shares on the BSE and NSE.

Lupin gains on acquisition of Russian drug firm Biocom

The stock was up 2% at Rs 1,915 on the BSE.

No decision on plant closures but will optimise network: Sun Pharma

Sun Pharmaceutical Industries, which recently completed a $3.2-billion acquisition of Ranbaxy Laboratories, is considering rationalising its ...


Sebi moves SC against DLF directors

Appeal challenges relaxation provided by SAT

Neyveli Lignite's Unit- I Of TPS-II expansion qualified for commercial operation

With this, the power generating capacity of NLC has increased from 3,490 Mw to 3,740 Mw

Lanco mulls selling power business stake

Company expects to raise $630 million in two to three years by either taking the unit public or roping in a strategic partner


ABB India to raise Rs 600 cr through NCDs

It said the issuance would be subject to approval of the shareholders by way of a special resolution through postal ballot

L&T wins Rs 1,885 cr worth contracts in June

On the domestic front, construction and procurement order was received from Odisha Power Transmission Corporation

BEML hits fresh 52-week high; zooms over 60% in 2015

Thus far in 2015, the stock rallied 68% as compared to 2% rise in the S&P BSE Sensex.


Shoppers Stop beats slowdown, witnesses over 10% sales growth

New brand launches such as Wrogn and Desigual, new ranges and new merchandise in brands such as Vettorio Fratini have done well

We have seen over 10% like-to-like growth in June quarter: Govind Shrikhande

Interview with managing director, Shoppers Stop

SRF hits lifetime high

Since June 12, the stock rallied 17% after the government extended the anti-dumping duty on Nylon Tyre Cord Fabric from China.


Subdued demand hits NMDC; cuts iron ore rates by 30% since Jan

In the January-March quarter this fiscal, NMDC's iron ore production stood at 7.94 MT against 9.96 MT in the year-ago period

Today's picks- 2 July 2015

Nifty, Bank Nifty, Vedanta, Tata Motors & Bharti Airtel

Gopal Singh named as new CMD of NMDC Limited

Singh has been the CMD of Central Coalfields Limited since March 2012. Born in 1961, Singh graduated from the Indian School of Mines, Dhanbad, ...


IOCL to put on stream 3 more petrochemical units by 2020

Combined investment in the two units is pegged at around Rs 13,000 crore

ONGC to cut gas production by 40%

Due to repair work, there will stoppage of production at some wells. Output to fall by 13-14 mmscmd

IOCL and CONCOR to invest in Haryana

Both these projects would entail a total investment of Rs 1250 crore


Opinion Rss icon

The true power of networking

In firms like where Jagat works, decisions such as promotions rely on parameters other than merit, primarily networking

Shyamal Majumdar

Shyamal Majumdar: Rahul Yadav's 'everyone-is-dumb-but-me' mindset
Shyamal Majumdar

The just-sacked CEO could learn a thing or two from what Steve Jobs had said about his years of wilderness after getting fired from Apple

Bhupesh Bhandari

Bhupesh Bhandari: Surinder Kapur and the Japanese way
Bhupesh Bhandari

Surinder Kapur died on June 30 in Munich after being ill for about a fortnight. He had sizeable business interests in Germany and had set up ...

Brand World Rss icon

The investments will be taken care of by the increase in profits: Sudhanshu Vats

Interview with Viacom18 Group CEO

Food drives the ITC truck

The cigarette major's food business is powering its FMCG thrust, giving new character to an old conglomerate

CavinKare plots a new route

The Chennai-based company is taking its best-selling brand national, taking on stalwarts in the hair care sector

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TCS Q1: Expectations of leading $ revenue growth

But margins are seen under pressure leading to a sequential decline in recurring net profit

Infra plays: Grabbing market attention

L&T, BHEL, Ashoka Buildcon, Sadbhav Engineering,Kalpataru Power and Alstom T&D among analysts' top picks

Bharti Airtel: Shedding tower assets, more in store

Tower deals a positive; stock could be re-rated if the firm leaves some smaller African markets

E-com IPOs: Infibeam sets the ball rolling

Measured growth and expansion could help the firm turn profitable this year