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Business News

Surajit Pal The transaction is expected to close by August 2015.
Tue, 03 Mar 2015 09:00:27 +0530
Equitas Fin raises Rs 100 crore through NCD NBFC firm Equitas Finance on Tuesday said it has raised Rs 100 crore through an NCD issue on private placement basis.
Tue, 03 Mar 2015 08:31:40 +0530
Mukesh Ambani richest Indian for 8th yr; Gates on top Among the 90 Indians on the Forbes Rich List 2015, published on Monday, Ambani (39th globally) is closely followed by pharmaceuticals business tycoon Dilip Shanghvi (44th rank with networth of USD 20 billion) and Azim Premji (48th with USD 19.1 billion).
Mon, 02 Mar 2015 21:37:23 +0530
Jubilant Life gets USFDA nod for normal anti-asthma tablets As on December 31, 2014, the company had a total of 781 filings for formulations of which 333 have been approved in various regions globally.
Mon, 02 Mar 2015 20:15:25 +0530
Bhavish Aggarwal The company at present is focusing on growth but may look at IPO at some point in time, said Bhavish Aggarwal of Ola Cabs.
Mon, 02 Mar 2015 19:48:19 +0530
Ashok Leyland shares climb 4.5% on strong Feb sales Ashok Leyland on Monday reported 36 percent jump in total sales at 10,762 units for February, 2015, as against 7,915 units in the same month last year.
Mon, 02 Mar 2015 19:31:37 +0530
Godrej Consumer completes acquisition of Frika Hair GCPL's Africa business currently has annualised revenues of USD 200 million. The company has been acquiring brands, specially in the African continent, mostly targeting local firms in emerging markets. It acquired 51 percent stake in Darling South Africa in September 2011 and in Darling Mozambique in October 2011.
Mon, 02 Mar 2015 19:30:55 +0530
BSNL to slash 3G internet rates by 50% The company was allocated 3G spectrum in 2009 but it has not been able to invest between 2009-13 in building network due to various procedural issues and mainly due to cash crunch that it faced after paying for two sets of airwaves- 3G and broadband wireless access spectrum in 2010.
Mon, 02 Mar 2015 19:30:10 +0530
TVS Motor sales rise 15.14% to 2,04,565 units in Feb Domestic two-wheeler sales stood at 1,64,508 units last month, up 11.47 percent, from 1,47,580 units in the year-ago period, it added. Motorcycle sales increased by 18.37 percent to 74,292 units last month compared with 62,762 units in the corresponding month a year earlier.
Mon, 02 Mar 2015 18:53:27 +0530
Mahindra  Mahindra sales fall 10% in February However, exports were up 10 percent at 3,115 units from 2,828 units in the same period a year earlier. Sales of passenger vehicles, including Scorpio, XUV 500, Xylo, Bolero and Verito stood at 18,103 units compared with 19,308 units in February 2014, down 6 percent.
Mon, 02 Mar 2015 18:52:49 +0530
GAIL not keen on pact with Iranian co: Pradhan GAIL had in 2005 signed an agreement with National Iranian Gas Export Corporation (NIGEC) for import of 7.5 million tons a year of gas in its liquid form (LNG) from Iran. It was also a signatory for receipt of gas via the proposed Iran-Pakistan-India (IPI) gas pipeline.
Mon, 02 Mar 2015 17:44:13 +0530
Ola buys rival TaxiForSure for $200 million The deal by Ola, backed by Japan's SoftBank Corp , is among the biggest in India's startup industry after Flipkart's purchase of Myntra for about USD 300 million in May last year.
Mon, 02 Mar 2015 16:44:06 +0530
Wipro partners WEF for quantifying cyber risk Country's third largest software services firm Wipro has partnered with the World Economic Forum (WEF) to develop a cyber value-at-risk (VAR) framework that will allow organisations to assess threat landscape, the nature of assets needed protection and quality of defenses.
Mon, 02 Mar 2015 15:50:15 +0530
Infosys inks 5-year deal with Dutch firm TNT Infosys will use its collaboration technologies and world-wide presence to deliver a 24X7 service across multiple locations to support TNT's global operations.
Mon, 02 Mar 2015 15:15:40 +0530
General Motors sales down 23% at 4,320 units in Feb Commenting on the performance, General Motors India Vice President P Balendran said: "The discontinuation of excise duty benefits impacted the industry during last two months. "Even the Budget announcements are not enough to revive the consumer sentiment".
Mon, 02 Mar 2015 15:14:43 +0530
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Politics

He said, "We have to support the Land Ordinance and the spirit of implementation is very important."
Owaisi said RSS should explain if there are sufficient resources to support the children in terms of providing them education and jobs.
This recording was brought up at the heated National Executive meeting on February 26 and finds mention in Dilip Pandey's letter to the Disciplinary Committee.
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India

District administration in Faridabad has launched a drive to collect the Aadhar card numbers of the voters and link it to electoral rolls
This recording was brought up at the heated National Executive meeting on February 26 and finds mention in Dilip Pandey's letter to the Disciplinary Committee.
The PCR car escorting Khattar reportedly lost control at a turn and hit a pedestrian, who was badly injured in the mishap
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Tech

The Sony Xperia M4 Aqua features a 13-megapixel rear camera and a 5-megapixel front-facing camera.
To take on the GoPro camera, Xiaomi launched its Yi Action Camera, which is a compact action-travel camera made for the non-sedentary photographer.
Firefox OS will be available from leading operator partners in more than 40 markets in the next year on a total of 17 smartphones.
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