Facebook, Skype challenge telcos' free cash flows: Fitch

Ratings agency Fitch today warned that the acquisition of WhatsApp by Facebook and the former's plans to enter voice calls will further dent global telcos' ability to increase free cash flows, but ruled out serious impact on the Indian players in the...

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Jhunjhunwala's Rare Enterprises buys 15L shares of HT Media

Rare Enterprises has bought the company's scrips on an average price of Rs 71.25 apiece, valuing the transaction at Rs 10.69 crore, as per bulk deal data available with BSE. Rakesh Jhunjhunwala's firm Rare Enterprises today picked up 15 lakh shares...

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Steel cos' pricing power to remain under pressure: Analysts

They also said any price hike announced by the steel companies in the recent times will be compensated through deep discounts to customers. Despite the price hikes by steel companies in recent months, their pricing power is likely to stay under pressure...

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Coal India officers serve three-day strike notice

State-owned  Coal India (CIL) today said a group of executives has served a three-day strike notice from March 13 for not finalising their demands for performance related pay and new pension scheme, among others."Coal Mines officers' Association...

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Govt to sell 5% stake in BHEL to LIC; may get Rs 2,046 cr

The Empowered Group of Ministers headed by Finance Minister, P Chidambaram met today to decide on the timing and mode of disinvestment in Bharat Heavy Electricals Ltd (BHEL). The government will sell a 5 percent stake in power equipment manufacturer ...

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CCEA clears fixed cost price hike in urea sector

Hailing Cabinet Committee on Economic Affairs' (CCEA) move to hike the fixed cost for urea plants by Rs 350/tonne, experts believe the government has given some relief, but is yet to meet the industry expectations. The Cabinet Committee on Economic...

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Real-estate cos' ponzi scam worth over Rs 45,000 crore: CBI

CBI today claimed the documents recovered by it during searches at the premises of Delhi-based business groups PACL and PGF show they allegedly used ponzi scheme to cheat nearly five crore investors of Rs 45,000 rpt Rs 45,000 crore.In its case against...

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Tech Mahindra to acquire IT services arm of BASF

IT services major Tech Mahindra today said it has signed an agreement to acquire the IT and consultancy services business of chemical giant BASF in a bid to strengthen its presence in Western Europe. IT services major  Tech Mahindra today said...

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Truck financier Shriram Transport enters used-car space

Used-truck financier Shriram Transport Finance (STF) today said it has entered the pre-owned car segment through its 'auto malls'. Used-truck financier  Shriram Transport Finance (STF) today said it has entered the pre-owned car segment through...

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Tata Power to benefit from CERC order, says Moody's

"The tariff increase will reduce CGPL's financial losses and benefit Tata Power Company's (TPC) credit quality. CGPL is a material part of TPC group and its debt accounted for approximately 30 per cent of total consolidated debt as of 31 March 2013,"...

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Sugar production estimated to decline in SY14: ICRA

Apart from lower sugar production in UP, lower rainfall in Tamil Nadu is likely to impact sugar production and the output is expected to decline by 15 percent, ICRA said. Further, there has been a delay in the commencement of crushing across the country...

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Lanco Infratech bags Rs 3,960 cr contract

Lanco emerged as the successful bidder for the contract which has been awarded by Tamil Nadu Generation and Distribution Corporation Ltd. With this contract, the group's order book now stands at Rs 27,005 crore. Diversified  Lanco Infratech has...

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Archana Bhargava: Tracing a chequered career

Last week, one of the country's top women bankers, Archana Bhargava, tendered in her voluntary resignation as chairperson and managing director of United Bank of India , a year ahead of the expiry of her tenure. The news came amid rising troubles...

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Hope to complete K'taka land acquisition by March: Arcelor

ArcelorMittal plans to put up a 6 million tonne per annum steel plant with a 750 MW captive power plant in Karnataka with a projected investment of USD 6.5 billion. Having acquired most of the land for its USD 6.5 billion plant in Karnataka, world's...

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Overdrive gets you all the action from Auto Expo 2014

Here is a look at all the action that you missed out on from India's largest automotive show. I must admit that we have struggled to pack in every thing that we wanted to from the Auto Expo 2014 into 21 minutes - that is the time that we have on the...

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Idea partners Opera for affordable internet packages

Using 'Idea Web Pass', users can access mobile Internet services on the Opera Mini web browser. The packages, which can be bought from within the Opera Mini browser, will cost Rs 7 (weekly Facebook pass), Rs 8 (daily Internet pass) and Rs 30 (weekly...

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Timeline of the Sebi-Sahara case

The Supreme Court on Wednesday issued a non-bailable warrant against Sahara chief Subrata Roy for non-appearance despite a summon. This was in connection with the almost two-year long Sebi-Sahara legal fight, which started in August 2012. The Securities...

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Overdrive celebrates 300 episodes with 3 special cars

It has taken a little over 6 years of consistent road tripping to hit a triple century. Overdrive turned 300 and Mr Overdrive himself Bertrand D'Souza puts together a very special line-up of some very sexy machines. Overdrive prides itself on its...

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Post fire, production resumes at CEAT plant

Situated in the north-east part of the city, CEAT's Bhandup plant is the oldest manufacturing unit of the company and has a 250 metric tonnes a day capacity. It rolls out farm, truck and OTR tyres. Production at tyre manufacturing company CEAT 's...

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Infosys: Innovating for better tomorrow

How do societies progress? They progress through innovation –innovation in science and technology, innovation in business, innovation in the social sector, innovation in community living. What is the role of innovation in India? Is India an innovating...

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AirAsia offers half-a-million free tickets on select routes

Malaysian low-cost airline AirAsia, which is awaiting flying permit from the DGCA to launch its services in the domestic market, today said it is offering half a million free seats along with 1.8 million low fare promotional seats from Kuala Lumpur on...

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New Sebi norms will make 91 independent directors to resign

A total of 97 persons would have to resign from 283 independent directorship positions in NSE-listed companies by October 1, 2014, according to data compiled by indianboards.com, a website created by Prime Database in association with the NSE. Market...

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JSW Steel hikes prices by up to Rs 750/ tonne

JSW Steel  has increased prices of its products by up to Rs 750 per tonne, or about 1 percent, across the board for March, its third hike in three months. Other producers such as SAIL , Essar Steel, Rashtriya Ispat Nigam and  Jindal Steel...

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Firms to pump in Rs 28,000 cr in CSR activities in FY15

About 16,000 companies under the ambit of new Companies Act are estimated to pump in Rs 28,000 crore on Corporate Social Responsibility in the next financial year starting April 1. The huge sum of money – estimated to be as high as Rs 28,000 crore...

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Tata Motors, MM, Maruti January sales degrow

Tata Motors  reported a 34 percent decline in total vehicle sales to 40,481 units in January. The company had sold 61,660 vehicles in the same month last year. Domestic passenger vehicle sales dropped to 10,974 units in January, down from 15,209...

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Maruti Suzuki sales dip 10% in January

The company said its domestic sales declined by 6.3 percent during the month to 96,569 units as against 1,03,026 units in January, 2013. Country's largest car-maker  Maruti Suzuki India (MSI) on Saturday reported 10.3 per cent decline in total...

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Drugs going off patent is a positive: Merck

Survivor of the 'Patent Cliff', Dr. Stefan Oschmann, global CEO-Pharma,  Merck talks to CNBC-TV18's Senthil Chengalvarayan about the significance of innovation in Research and Development (R&D) along with his diversified business in pharma,...

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US to help India get back Category 1 aviation rating

Air passengers to and from the US may have to face the brunt as Indian airplanes would have to go through more engineering and other safety checks on the American soil. The US has said that it was committed to work with India to help it get back the...

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SpiceJet, IndiGo launch second fare war with 30% discount

With the peak travel season coming to an end, Indian carriers, barring Air India, triggered the second fare war offering low fares across several sectors within the country. A second round of fare war was unleashed by  SpiceJet today, with ...

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Week that was: Maruti`s idea; Kejriwal`s power woes

SLIDESHOW Sat, Feb 01, 2014 at 17:07 | Source: Moneycontrol.com Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part...

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