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  Business   Companies  15 Jun 2017

Business, Companies, 15 Jun 2017

Axis Bank board to raise 5k cr capital via private placement

The bonds are rated 'Crisil AAA' by Crisil Ltd, 'Icra AAA hyb' by ICRA and 'IND AAA' by India Ratings (Ind-Ra).

15 Jun 2017 9:02 PM

HDFC to raise Rs 2,000 cr via NCDs

The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of HDFC.

15 Jun 2017 8:44 PM

CCI gives approval for Flipkart-eBay India deal

CCI has given nod to eBay Singapore's subscription of compulsorily convertible preference shares (CCPS) issued by Flipkart.

15 Jun 2017 8:31 PM

BSNL launches 4 GB per day data pack for Rs 444

This is the highest per day data limit being offered by any telecom operator in the country.

15 Jun 2017 8:06 PM

Havells will issue Rs 150 cr commercial paper to Yes Bank

Havells India Ltd is going to issue commercial paper to Yes Bank for an amount of Rs 150 crore, the company said in a regulatory filing.

15 Jun 2017 7:30 PM


Foreign investment of Indian industries dips to 56% in May

Among major investors, pharma major Dr Reddy's Laboratories invested USD 263 million in its wholly owned unit in Switzerland.

15 Jun 2017 6:53 PM

It's raining discounts as carmakers woo customers ahead of GST

Dealers of country's largest car maker, Maruti Suzuki, are offering discounts between Rs 25,000 and Rs 35,000.

15 Jun 2017 5:03 PM

Poultry producers cash in on beef slaughter curbs

Poultry company profits should continue to rise as raw material costs are set to remain depressed.

15 Jun 2017 3:19 PM

MF investor base grows 19 lakh in Apr-May to record 5.72 crore

Number of folios rose to a record 5,71,90,112 at the end of May from 5,53,99,631 at March-end, a gain of 17.90 lakh.

15 Jun 2017 2:34 PM

Central Bank shares down 4 pc after RBI move

Net non-performing assets also jumped to 10.20 per cent of net advances for the fiscal from 7.36 per cent year ago.

15 Jun 2017 1:04 PM


Vijay Mallya considering Force India name change

Mallya last week rejected speculation about a possible sale.

15 Jun 2017 11:57 AM

Customers may get Rs 5,000 if international SIM card fails

TRAI has also said that the penalty and refund should be remitted to the customer within 15 days.

15 Jun 2017 11:35 AM

Saudi Aramco seeks exclusive talks over India oil refinery stake: Pradhan

Country's top refiner Indian Oil Corp will initially hold a 50 per cent stake in the project.

15 Jun 2017 11:33 AM

Govt mulls daily price change formula for CNG

Petrol pump dealers call off strike after Petroleum Minister Dharmendra Pradhan intervenes.

15 Jun 2017 11:24 AM

Centre's cattle slaughter ban ripples through leather, meat industry

In Agra, small-scale manufacturers are firing workers and families cutting back on spending.

15 Jun 2017 10:18 AM


Chargesheet against Vijay Mallya in IDBI loan case

57-page charge sheet was filed under various sections of Prevention of Money Laundering Act.

15 Jun 2017 9:43 AM

Telcos under stress, can default on loans: Banks tell panel

The letter had noted that the total EBITDA in the sector on an annualised basis is Rs 65,000 crore.

15 Jun 2017 9:37 AM

IOC, BPCL, HPCL to set up $30 billion refinery

Fifteen million tonnes a year is the biggest refinery any public sector unit has set up in one stage.

15 Jun 2017 9:06 AM

Unethical behaviour from staff on the rise

The findings are based on interviews with 1,698 employees of multi- national corporations and domestic companies in 14 APAC territories.

15 Jun 2017 6:18 AM