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-
Hopes afloat for Dalmia Bharat in bid to acquire Binani Cement
"All the details are in the data room. The fraud is nothing to do with the sale. If the offer is proper, the tribunal can consider it," a counsel on behalf of the CoC said before the NCLT, according to a source close to one of the bidders. -
Goa Mining Ban: Who is responsible for the crisis?
With Supreme Court banning mining operations, India#39;s favourite holiday state - Goa stares at job losses and falling GDP. But is the state government and industry#39;s blatant disregard for rules responsible for this ultimatum by the apex court? Manisha Natarajan spoke to the stakeholders and asked what the ban means for the state. -
IT Department rejects stay on Rs 131 crore tax demand: NDTV
The company, which runs NDTV 24X7 English news channel, indicated that it might challenge the tax demand and expressed confidence the I-T order may not stand judicial scrutiny. -
Binani Industries denies reports of fraud
"The question of any fraud committed by the company or by the members of the board of directors of the company does not and cannot arise as all the accounts of the company and the holding companies are fully audited and all the transactions including the related party transaction have been disclosed," the company clarified in its response to stock exchanges. -
Smartphone manufacturers focusing on localisation to reduce costs
The hike in customs duty in Budget 2018 has sent smartphone manufacturers back to the drawing board. Many of them are busy reworking strategies to reduce costs. This means more localisation when it comes to components, reports, Jude Sannith. -
Union Bank of India alleges Totem Infrastructure siphoned off over Rs 300 crore: Sources
The bank has filed a complaint against promoters and directors of the Hyderabad based company. A consortium of eight banks led by Union Bank had lent money to Totem Infra and the total exposure amounts to over Rs 1300 crore. -
Fortis left with three directors on Board after one more director resigns
Fortis still retains quorum as the Companies Act allows a minimum of two directors to conduct Board meet, but any further resignation may impede the Board to transact business. -
MA deal volume at 7-year high in 2017 with 1,022 transactions: EY
As per EY#39;s latest Transactions Annual report released today, Indian MA ended the year 2017 with 1,022 deals with a disclosed value of USD 46.8 billion. -
CBI books Totem Infrastructure in Rs 1,394 cr bank loan fraud case
Totem Infrastructure Ltd, which worked as a sub-contractor for several major infrastructure companies, and its promoters Tottempudi Salalith and Tottempudi Kavita were named in a CBI FIR, registered on the basis of a complaint from the Union Bank of India, one of the eight banks, they said. -
Balesh Sharma to head the Vodafone-Idea merged entity
Balesh Sharma who is now the chief operating officer at Vodafone India will become the CEO of the merged entity. Akshay Moondra, who is currently the CFO of Idea Cellular will continue to look after the finances of the merged entity. -
Punjab National Bank suffers Rs 14,506 cr loss due to fraud in FY18 so far: Parliament
"PNB has apprised that the total loss reported by it due to frauds was Rs 341.03 crore in the financial year (FY) 2015-16, Rs 2,633.82 crore in FY 2016-17, and Rs 14,506.39 crore (including contingent liability) in FY 2017-18 (till date)," Minister of State for Finance Shiv Pratap Shukla said in a written reply to the Rajya Sabha on March 2o. -
Punjab National Bank pares nearly 2% stake in ICRA
The ratings agency in a filing to BSE said that PNB reduced its stake in the company by 1.94 per cent or 3,40,000 shares, through an open market sale for an undisclosed amount during July 4, 2008, to March 21, 2018 period. -
REC board okays Rs 60,000 cr borrowing plan for next fiscal
"The Board of Directors of REC, in its Meeting held on March 22, 2018, inter-alia approved the Market Borrowing Programme under different debt segments for the financial year 2018-19, for an amount of Rs 60,000 crore," an REC statement said today. -
Mahindra, Ford to develop SUVs, small electric vehicles
Mahindra and Ford will leverage their strengths in the utility vehicle space to co-develop a midsize sports utility vehicle. -
Mahindra, Ford to develop SUVs, electric vehicle
MahindraMahindra and U.S. carmaker Ford Motor Co have signed an agreement to develop midsize and compact sports utility vehicles (SUV) and an electric vehicle, the companies said in a joint statement on Thursday. -
Infosys invests additional $1.5 million in Waterline Data Science
The software services company had made an initial investment of USD 4 million in the company in January 2016 -
Infosys invests $1.5 mn in Waterline Data Science
Infosys had made an initial investment of USD 4 million in the company in January 2016. -
PNB issued over 41k LoUs since 2011: FinMin
Fraudulent LoUs of the state-owned PNB were used by diamantaire Nirav Modi and his associates to defraud the bank of about Rs 13,000 crore. -
No suggestion received to put Air India disinvestment on hold: Civil Aviation Ministry
"There is no such suggestion received in this Ministry," Minister of State for Civil Aviation Jayant Sinha said replying to a question in the Lok Sabha. -
CBI investigates Rs 1394.43 crore Hyderabad bank fraud, Union Bank of India key lender
The account became a NPA on June 30, 2012 after a default on the loan and interest payments. -
Will implement EV policy by June, says Kerala IT Secretary
Kerala will roll out an electric vehicle policy by June is the word coming from the states IT Secretary, M Sivasankar. -
HCC#39;s Lavasa to file for bankruptcy?
HCC subsidiary Lavasa Corporation, in a reply to BSE query, has clarified that the media report about the company filing for bankruptcy is #39;misleading#39; and #39;without any basis#39;. -
United Spirits board to consider stock split
The board of directors will consider #39;subdivision of the equity shares of the company of face value of Rs 10 each#39; in such manner as may be decided by the Board at their meeting scheduled to be held on April 13, 2018, United Spirits said in a BSE filing. -
Tracking bitcoin was NSA’s ‘#1 priority’ reveals a secret document provided by Snowden
The documents talk about a data source which provide the agency with ‘MAC addresses, password hash history, provider users and user sessions’ -
Kumar Mangalam Birla to be Chairman of merged Vodafone-Idea entity
Announcing the top deck for the merged entity, a regulatory filing by Idea Cellular said that Balesh Sharma (currently Chief Operating Officer of Vodafone India) will be the CEO. He will be responsible for the combined business strategy and its execution as well as driving integration. -
Delhi Metro Magenta Line: In just three months of operation, thieves steal power cables worth Rs 2 crore
NULL -
Schneider Electric keen to tap EV charging market
Given the huge potential in the electric vehicle charging space, the company displayed its EV charging infrastructure named EVLinks during an innovation summit on March 19-20 here, Schneider Electric said in a statement. -
Private cars may soon be able to operate as taxis as panel looks to liberalise permit norms
Private cars may soon be allowed to operate as taxis and prospects of ridesharing through cab aggregators such as Uber and Ola may widen across the country as a high-level panel has recommended to liberalise taxi permit norms. -
Expect India to contribute 3-5% of overall revenues, says CEO of Celebrity Cruises
Celebrity Cruises, one of the five cruise brands operated by Royal Caribbean Cruises is betting big on the India market. With a booming tourism industry, Lisa Lutoff Perlo, President and CEO, expects India to contribute 3-5 percent of overall revenues very soon. CNBC-TV18#39;s Priya Sheth takes a walk through one of its cruises. -
IFCI sells part stake in NSE worth over Rs 93 crore
IFCI has made partial divestment of its stake in NSE to the extent of 0.22 per cent of the total number of equity shares of NSE comprising of 10,75,000 equity shares at the rate of Rs 873.74 per share on March 21, 2018, it said in a regulatory filing. -
Volkswagen, Skoda to kick start #39;India 2.0#39; project
VW-developed MQB AO platform for the Indian market has been christened MQB AO IN (IN denoting India) and will spin off cars and sports utility vehicles -
Ola partners with South Central Railway, launches #39;Ola kiosks#39; at 3 rail stations
Further, Ola Zones have been set up at each station, providing dedicated parking to the cabs thereby helping in easing out the parking and traffic issue at the stations, it said. -
Dish TV India, Videocon d2h merger completed
The merger, which was approved by the board of both the companies in November 2016, has been going through various approval processes, including from Ministry of Information and Broadcasting, NCLT and the Competition Commission of India. -
CSR spending of Indian cos rises by 14% in 2 fiscals: Survey
The finds were based on an analysis of 1,186 eligible and listed companies by Crisil Foundation. -
In process of unlocking more value via more sales, says Cox Kings
CoxKings in focus as the company#39;s arm sells 11.58 percent stake in Prometheon Holdings UK to SSG Capital. In an interview to CNBC-TV18, Peter Kerkar, Group CEO of the company discussed this in detail. -
IRB Infra bags Rs 3,400-crore road project from NHAI in Uttar Pradesh
The scope of the work includes six laning of the 99.86 km stretch on Hapur Bypass, from Hapur to Moradabad in Uttar Pradesh, the company said in a statement today. -
Sensex falls 130 pts, Midcap index dips 1% on global cues after Fed rate hike
Nalco was up 6 percent on higher alumina prices while HCC lost 17 percent after a media report indicated Lavasa could be headed for bankruptcy. -
Pranab Mukherjee asks corporate sector to invest more in research
Launching the Indian chapter of the UK-based nation-wide higher education rating system -- QS I-GAUGE -- here yesterday, he said for training and educating the youth in the country, the university administrators should keep in mind that quality is of primary importance. -
Correction a ‘wonderful’ opportunity for first-time investors, may not last long: Porinju Veliyath
He is also very upbeat on the water treatment space. VA Tech Wabag is one of his bets and feels that it is a good one. -
YouTube may soon play more ads to #39;annoy and seduce#39; viewers into turning paid subscribers
The move will be a big culture change for YouTube, which was launched as a free video sharing website. -
Will clock revenue worth Rs 100 cr from Jaipur order in first year: AurionPro
AurionPro Solutions is buzzing in trade after the company bags Rs 180 crore order from the Rajasthan Government to design and develop the nation#39;s very first 3D city model for Jaipur. In an interview to CNBC-TV18, Sanjay Bali, Executive VP, Head IndiaSouth Asia of the company spoke at length about the order. -
HDFC Bank ropes in Citi executive to head corporate banking
Shukla joins the second largest private sector lender after spending over 25 years with Citibank where he was heading the corporate banking vertical for South Asia. -
ICICI Securities: Strong beneficiary of financial savings trend but available at a premium
While implied multiples are certainly towards the higher end prevailing among the peer group, SOTP valuation also reflects that part of the near term growth is priced in the offer -
Cox Kings raises Rs 450 crore through sale in education hotels arm
The deal values the unit at $653 million and will help the company reduce its debts. -
Supreme Court orders status quo in RCom#39;s asset sale to Reliance Jio
SBI had yesterday moved the apex court challenging a tribunal#39;s order, which was upheld by the Bombay High Court, allowing Ericsson to stake a claim on RCom Consolidated#39;s assets. -
LoU ban not to impact Bengal jewellery industry
Bank lending to the gem and jewellery industry may be "squeezed" in the wake of the Rs 13,000 crore scam involving billionaire diamantaire Nirav Modi. -
No violation in Rs 7,266-crore bid for Binani Cement under IBC, says UltraTech
UltraTech Cement CFO Atul Daga added that the company is "committed to honour" the amount which it has offered. -
Mahindra to overhaul its engine lineup as BS-VI norms inch closer
The Mumbai-based company is working on a variety of engines ranging from a single cylinder 600cc unit to a 2.0 litre 4 cylinder turbo-charged unit -
Looking to grow gold portfolio at 10% for FY19, says Manappuram Finance
The Manappuram Finance board has approved their business plan for FY19. In an interview to CNBC-TV18, VP Nandakumar, MDCEO of Manappuram General Finance spoke at length about the plan and gave his outlook for the future. -
Arizona Police releases Uber crash footage which killed one person, says taxi aggregator may not be at fault
The accident took place on Sunday at around 10 pm local time in Tempe, Arizona, when a female pedestrian crossing the street was struck by a self-driving car.