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Business News

Cairn India discovers 3 new oil fields in Rajasthan block One of the wells is in close proximity to the company's Mangala field and it is planning fast track appraisal to commercialize the discovery, Cairn India, part of London-listed Vedanta Resources Plc , said in a statement on Wednesday.
Wed, 17 Sep 2014 14:28:30 +0530
Omkar Speciality Chemicals eyes 20-25% rev growth in FY15 Speciality chemicals manufacturer eyes revenue growth of 20-25 percent in FY15, says CMD Pravin Herlekar, adding that the company will maintain profit after tax (PAT) margins of 7-8 percent in this fiscal, which will improve in FY16.
Wed, 17 Sep 2014 14:16:23 +0530
Ex McKinsey gun to chair India's apex accreditation body An autonomous body under the Department of Industrial Policy and Promotion, QCI is a joint creation by Indian industry to operate the National Accreditation Structure for conformity assessment bodies and provide accreditation in the field of education, health and quality promotion.
Wed, 17 Sep 2014 14:15:08 +0530
T Srinivasa Rao In an interview to CNBC-TV18 spoke about the company's performance going forward. He said the company sees improvement in their operating margins and volumes in calendar year 2015.
Wed, 17 Sep 2014 14:05:45 +0530
How Ybrant Digital plans to make most of Lycos acquisition Interestingly, share of Ybrant Digital hit a life-time low of Rs 2.53 per piece and is currently zoomed to Rs 54.90. The company has not announced any stock split, rights issue or bonus so far.
Wed, 17 Sep 2014 14:02:08 +0530
Apollo Hospitals, AliveCor tie-up for mobile ECG device Through an exclusive collaboration agreement in India and of South Asia, Apollo Hospitals would introduce the smartphone enabled, medical grade, FDA-cleared AliveCor Heart Monitor as part of its arrhythmia screening and stroke prevention programme providing patients access to this device, it said in a statement yesterday.
Wed, 17 Sep 2014 13:53:47 +0530
Apollo to buy HMSL's pharmacy stores for about Rs 146 cr "Apollo Hospitals Enterprise has entered into an MoU with Hetero Med Solutions Ltd for the acquisition of its retail pharmacy stores currently operated in Telengana, Andhra Pradesh and Tamilnadu," the company said in a filing to BSE.
Wed, 17 Sep 2014 13:18:48 +0530
India ranks 6 in number of billionaires, home to 100 Interestingly, India has more number of billionaires than Switzerland, Hong Kong and France among others. Moreover, the country's financial capital Mumbai, with 28 billionaires is among the top 20 'billionaire cities' globally, which was topped by New York which is home to 103.
Wed, 17 Sep 2014 13:17:02 +0530
Rakesh Sharma Lakshmi Vilas Bank has raised Rs 406 crore via rights issue. In an interview to CNBC-TV18, MD and CEO Rakesh Sharma said the funds raised will be sufficient for 2 years.
Wed, 17 Sep 2014 13:11:45 +0530
Vikas Dandekar The DRL-GSK deal was to sell branded generic formulations in emerging markets and was entered into in 2009.
Wed, 17 Sep 2014 13:11:16 +0530
Confidence up, but regulatory woes nag metal cos: Morgan Brokerage house Morgan Stanley recently met up with metal companies, consultants and government bodies to check out the demand environment, ground level changes, and evolution of the regulatory scenario post elections.
Wed, 17 Sep 2014 12:55:24 +0530
Ashok Goel Ashok Goel, vice chairman managing director, Essel Propack says the company's Poland and Mexico loss-making units have now turned around and it (Poland biz) is likely to post a profit of USD 1 million.
Wed, 17 Sep 2014 12:51:56 +0530
Kiran Mazumdar Shaw According to Shaw, the insulin analogue opportunity is a USD 20 billion space and the market is growing in double-digits.
Wed, 17 Sep 2014 12:17:36 +0530
Deepak Khetrapal Deepak Khetrapal, managing director, Orient Cement says the company has seen good demand in the past few days owing to late rains and there has been a marginal softening of prices- Rs 10 per bag.
Wed, 17 Sep 2014 12:00:14 +0530
How can India 'corporatize' its major ports? The government recently announced the appointment of a consultant who would submit a report on how to ‘corporatize’ Indian ports. But most of the glaring issues faced by the major ports are obvious.
Wed, 17 Sep 2014 11:22:49 +0530
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Politics

A spectacular laser light show, holograms of India's historical luminaries, and live folk dances will precede Modi's speech.
The remarks came in the wake of a number of organisations where in spite of Vishakha Guidelines do not have these committees.
Narendra Modi has appointed former McKinsey India Chairman Adil Zainulbhai as the Chairman of Quality Council of India.
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India

Thirty-five students from the Jadavpur University have been arrested after they held massive protests on campus on Tuesday night.
His house had been raided by the Central Bureau of Investigation on August 28.
A combination the "world's factory" and the "world's back office" will drive global economic growth, Chinese President Xi Jinping said.
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Tech

Sony is now predicting a 230 billion yen ($2.15 billion) net loss for the year ending March 31, versus its previous forecast for a 50 billion yen loss.
Apple has given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote.
The US military is building a new cyber defence corps that can be used to protect the nation and possibly for offensive purposes.
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