Call for hike in telecom tariffs: Bharti Airtel

Bharti Airtel CEO Sanjay Kapoor has called for a hike in telecom tarriffs and says it is imperative for prices to be hiked if the industry were to be kept up and running. On the issue of DOT's possible imposition of a fine on the company for under-reporting...

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Bharti Walmart opens 2nd store in Bhopal

Leading retail chain Bharti Walmart today opened its second wholesale store in Bhopal, making the Madhya Pradesh capital the only city in the country where the group has set up two stores, its top official said."Encouraged by the huge response that we...

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Tata and ONGC to set up fertilizer factory in Tripura

Tripura government in a joint venture with ONGC and Tata Chemicals would set up a Rs 5,000 crore fertiliser manufacturing unit in north Tripura district by using the natural gas available in the state.Chief Minister Manik Sarkar said, "It was decided...

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P K Borthakur takes over as ONGC Director (Offshore)

State-owned Oil and Natural Gas Corp (ONGC) today said P K Borthakur has taken over as the company's Director (Offshore)."Borthakur steps in as Director (Offshore) at a crucial juncture when ONGC has set ambitious target in augmenting offshore production,...

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Response to Windows 8 in India overwhelming: Microsoft

Response to Windows 8 in India overwhelming: Microsoft Microsoft India today said response in India to the recently-launched Windows 8 has been overwhelming, and 300 apps developed at the recent AppFest organised by the company here are in the process...

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AAI to move FinMin again for Rs 3,000 cr bond issue

State-run Airports Authority of India (AAI) today said it will soon approach the Finance Ministry afresh with the proposal to raise funds through a Rs 3,000-crore infrastructure bonds to finance modernisation of non-metro airports."The ministry has so...

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Corporation Bank defers Q2 result announcement to Nov 7

Corporation Bank today deferred second quarter result announcement to November 9 citing administrative reasons. As per the earlier announcement, the state-owned bank was scheduled to announce its second quarter financial numbers of November 5.Due to...

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Builders unhappy with RBI policy; seek interest rate cut

Realty firms and property consultants today expressed disappointment over RBI's decision to keep key policy rate unchanged and said it was the right time to bring down the borrowing cost for home buyers as well as developers."CREDAI has expressed strong...

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CCI finds no cartelisation among tyre manufacturers

In a relief to tyre makers, the Competition Commission today said it has not found any evidence of cartelisation among the country's tyre manufacturers including Apollo , MRF and Ceat .In its order, the Commission said there is "no sufficient evidence...

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Ista Hotels to be rebranded as Hyatt Hotels: Hyatt Hotels

Hyatt Hotels Corporation today said its affiliate has signed agreement with IHHR Hospitality Pvt Ltd for rebranding of the later's five Ista hotels in India to be re-branded by Hyatt. As per the management agreements between the two companies, Ista hotels...

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Welspun Corp buys back $44.1-m FCCBs

Welspun Corp Ltd , the flagship company of the USD 3.5-billion Welspun Group, on Tuesday said it  has completed a buyback of foreign currency convertible bonds (FCCBs) worth USD 44.1 million out of the USD 150-million debt.Welspun, the second largest...

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Divestment drive to kick off in November

Tue, Oct 30, 2012 at 21:44 The government is all set to finally kick off the divestment agenda starting with Nalco on November 9. '; if (google_ads[0].type=="text") { if...

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Zensar wins over USD 21m of new deals in October

Zensar Technologies , a leading global software services company, today announced a surge in its manufacturing and BFSI verticals, winning new deals worth over USD 21 million in October.Infrastructure and enterprise application services have been key...

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DoT issues list of pre-qualified bidders at 2G auction

Mon, Oct 29, 2012 at 20:36 CNBC-TV18 has learnt that five telcos Bharti, Vodafone, Idea, Videocon and Telenor have pre-qualified for the auction of the 1800 MHz spectrum. Tata Teleservices and Videocon have pre-qualified for the auction...

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CCI gives approval to proposed JSW Steel-JSW Ispat merger

The Competition Commission of India has approved the proposed merger of JSW Ispat Steel Ltd with JSW Steel Ltd, a deal that would create the country's second largest steel producer.Giving its approval, the fair trade regulator in an order dated October...

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ONGC well in KG block leaking gas

A deepwater well in a Krishna Godavari basin block operated by state-run Oil and Natural Gas Corp (ONGC) has been leaking gas for two months and there are now fears of environment damage due to the uncontrolled flow.The well G-1-9 in Bay of Bengal has...

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Rs 342 cr service tax notice slapped on SKS Microfinance

SKS Microfinance today said it has received a showcause notice from authorities demanding Rs 34.2 crore service tax."The company has received show-cause notice from service tax authorities on October 23 to explain as to why the assignment of portfolio...

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Hyundai Motor India to hike prices from Nov

Hyundai Motor India Ltd (HMIL) today said prices of its vehicles across models will go up by up to Rs 5,000 from November 1. "The price increase has been necessitated by a variety of input costs," HMIL Vice-President (National Sales and Marketing) Rakesh...

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Reebok eyes sales rebound in 2013

Sat, Oct 27, 2012 at 15:36 German sporting goods maker Adidas AG's struggling Reebok brand expects sales to rebound next year, German magazine Wirtschaftswoche reported on Saturday, citing Chief Marketing Officer Matt O'Toole. ...

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SEBI warns bondholders of 2 Sahara companies

The Sahara Group found itself in trouble on Saturday after market regulator Securities and Exchange Board of India (SEBI) issued a public warning to bond holders of two of its companies. The notice said that SEBI had received complaints from investors...

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United Spirits chief Mallya not sure of Diageo deal

Liquor baron Vijay Mallya does not know whether a deal for UK drinks giant Diageo Plc to take a stake in his United Spirits Ltd will be struck or not, he said on Saturday.Mallya has been scrambling to raise funds for his ailing Kingfisher Airlines Ltd...

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Indian companies created 50,000 jobs in US: Burns

At a time when unemployment is a major issue in the US due to its poor economic status, Indian companies through its massive investments in America have created 50,000 jobs in the country, a top US diplomat said."Our economic relationship is very much...

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Zee, JSPL trade defamation charges against each other

Zee News  today said it has sent a Rs 150 crore defamation notice to Congress MP and industrialist Naveen Jindal, who too had filed a Rs 200 crore case against the media conglomerate claiming the TV channel had tried to extort money from his company."Zee...

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Sebi asks investors not to yield to pressure from Saharas

Sebi today advised investors against yielding to any pressure from "Saharas or their agents" for switching over their investments in two Sahara companies -- SIRECL and SHICL -- to other group companies. In August, the Supreme Court had directed SIRECL...

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Cognizant to invest $25m for data centres in US, Europe

As part of measures to expand its presence in North American and European markets, IT major Cognizant would initially invest USD 25 million to open additional data centres, the company said today."As part of the strategy, the company will initially invest...

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Hyundai posts marginal fall in India revenue in Jan-Sept

Korean auto major Hyundai today reported a marginal decline in its revenue from India at 3.861 trillion South Korean won (KRW) in January-September period in 2012 despite vehicle sales growing by nearly four percent.According a presentation on its website,...

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BSNL prepares blueprint to garner Rs 8,000 cr revenue

Loss-making state telecom firm BSNL has drawn a blueprint to garner an estimated Rs 8,000 crore revenue through monetisation of its vast real estate as well has hiving off its tower arm over the next five years. Sources said BSNL outlined its blueprint...

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Honda ships Brio to SA; may make Nodia facility export hub

Honda Cars India, which today shipped the first lot of 390 units of its locally-made hatchback Brio to South Africa, said it may make the Noida facility as an export hub for some of the models. It rolls out around 2,500 Brios a month."The expansion of...

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HMT eyes Rs 1,000 crore turnover in next 5 years

Public sector HMT is eyeing a turnover of Rs 1,000 crore in the next five years and plans to foray into aerospace and manufacture of weapons and missile components, a top company official today said.The machine and tools maker is making components for...

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NPA situation may worsen in next 6-8 months

According to the sources in the finance ministry the NPA situation is set to get worse. Over Rs 3 lakh crore of loans due to projects stranded for approvals can get NPA status in the next 6-8 months.If permissions for land or environment or fuel linkages...

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Chhattisgarh aims at Rs 10000 cr investment in solar energy

Chhattisgarh Government has set an ambitious target of attracting Rs 10,000 crore worth of investment in the solar energy sector in the near future.Talking to reporters here today, Chief Minister Raman Singh said the government has formulated a clear...

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BPCL imposes over Rs 87 lakh fine on gas agency

Bharat Petroleum Corporation Limited (BPCL) has imposed a fine of over Rs 87 lakh on a gas agency in the district for alleged irregularities in supply of cylinders.The gas agency at Chandkhuri village was allegedly involved in black marketing of domestic...

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Kingfisher succumbs to pressure, to pay Oct salary to staff

Apparently succumbing to pressure from its employees demanding clearance of salary dues, Kingfisher management on Wednesday said it would expedite payment of October salary ahead of Christmas and claimed that "most" of them had agreed to resume work...

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'Airtel, Infosys, TCS among most sought after employers'

Six major Indian companies, including Bharti Airtel , Infosys and Tata Consultancy Services , have made the cut in list of 20 'Most In Demand Employers' compiled by professional network LinkedIn.Besides, Wipro Technologies, HCL Technologies and Mahindra...

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Cairn India is the fastest growing energy company: Platts

Seventy Asian oil and gas companies, including those from India and China, were ranked in the 2012 Platts Top 250 Global Energy Company Rankings based on their financial performance in 2011.While ExxonMobil maintained its number one position in the list,...

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PMO asks CIL, CEA to work on price-pooling of coal

With impasse over the price pooling mechanism of imported coal remaining unresolved, the Prime Minister's Office (PMO) has asked both Coal India and Central Electricity Authority to work on the issue."The PMO has recently asked both CIL and CEA to sit...

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US prosecutors consider 8-10 yr jail term for Rajat Gupta

US prosecutors are considering a 8 to 10 year prison term for former Goldman Sachs Group board member Rajat Gupta. But, Gupta convicted of insider trading in June has the whos who of the developing and developed world to his side. So far, more than two...

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Nokia seeks $1 bln from bonds to help drive fightback

Mobile-phone maker Nokia plans to raise 750 million euros by issuing bonds that can be converted into shares, seeking a cheap way to bolster its fragile finances as it battles to claw back market-share lost to Apple and Samsung.Once the world's biggest...

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Lupin eyes 15 new drug launches in US by March 2013

Indian drugmaker Lupin plans to launch at least 15 new generic products in the United States in the current fiscal year ending March 2013, as it looks to push up sales in the world's biggest drug market, a top executive said on Tuesday."About eight to...

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Nissan Motor to hike Micra, Sunny prices from Nov 1

Moneycontrol BureauPassenger car maker Nissan Motor India on Tuesday said it will increase prices of its Micra hatchback and mid-size Sunny sedan from November 1, to counter a sharp increase in logistics and transportation costs, apart from rising input...

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Kingfisher: Pilots, engineers reject 3-month salary offer

The Delhi, Bangalore and Chennai pilots and engineers have rejected Kingfisher Airlines' three-month salary offer, according to sources. However, a majority of Mumbai pilots and engineers have accepted the salary offer.Meanwhile, Civil Aviation Minister...

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Yes Bank gets board nod for mutual funds foray

Mid-sized private lender Yes Bank has received board approval to foray into the mutual funds business, Chief Executive Officer Rana Kapoor told reporters on Tuesday.Last month, the bank had received a retail equities broking licence from the Reserve...

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TRAI allows telcos to provide combo recharge coupons

Telecom regulator TRAI today allowed operators to provide a new type of recharge coupon for pre-paid connections that will provide dual benefit toconsumers.The new "Combo vouchers" will enable customers to add value in their mobile phone account as well...

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Ginger Hotels to treble presence in 4 years

Nachiket KelkarMoneycontrol.comIndian Hotels' subsidiary Roots Corporation plans to treble the number of Ginger Hotels in next four years, Prabhat Pani, CEO, said Monday. The number of foreign tourist arrivals in India is expected to double to...

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Posco-India seeks further extension of its SEZ validity

Unable to get required land for its proposed multi-product SEZ within the stipulated time, Posco-India has sought the Odisha government's recommendation for further extension of the in-principle approval for thepurpose.".... We are afraid that we may...

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Kingfisher crisis continues as staff wants 4 months salary

The impasse in the crisis-hit Kingfisher Airlines continued on Monday after a section of its employees rejected its offer of three months' salary before Diwali and demanded that their four months salaries be paid within a day or two. Satish Chandra Mishra,...

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Hope KFA submits credible plan to DGCA: CAPA

Kapil Kaul of CAPA, says that if the employees don't come into the game then there will be no future at all. I believe the employees were insisting for four months salaries, but if the management has agreed to give three months salaries then they will...

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Will clear arrears once airline capitalised: Kingfisher CEO

It was Vijay Mallya's gift to his son Siddharth on his 18th birthday. Today Kingfisher Airlines is clutching at straws, hoping for a miraculous revival.The management is committed to bring the ailing airlines back on track and is committed to clear arrears...

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KFA suspension may expedite USL stake sale: Tulsian

SP Tulsian of sptulsian.com, says that DGCA suspending licence of KFA will have a negative effect on Kingfisher Airlines stock. However it will be positive for United Spirits  and United Breweries Holding .Below is the edited transcript of his interview....

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KFA need more credible plan to stay afloat: KPMG

Amber Dubey, head aviation, KPMG shares his views after DGCA suspended KFA licence.Below is the edited transcript of his interview to CNBC-TV18. Q: What is your initial reaction to the cancellation of this licence? Do you think that things have come...

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Kingfisher Airlines revival possibility dim: Kapil Kaul

Kapil Kaul, head of Center of Asia Pacific Aviation (CAPA), says that it is not a cancellation but a suspension. There was suspension earlier, this is basically legally and formalising the suspension.Below is the edited transcript of the interview Q:...

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Fares may go up with KFA's suspension: Ajay Prasad

Ajay Prasad, former aviation aecretary, says that in this situation is very difficult for Kingfisher to make a comeback. They do not have a winter schedule; it will be difficult to retain their employees. Kingfisher haven't yet been able to give any...

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