Business News

Last updated: Friday, February 22, 2019 2:02:05 PM

Supreme Court exempts Saridon from banned FDC list: Piramal
New Delhi, Feb 21 (IANS) Pharma major Piramal Enterprises on Thursday said Saridon, its pain relief tablet, has been exempted from the list of banned fixed dose combinations (FDCs) by the Supreme Court.

Thursday, February 21, 2019 5:34:07 PM

DoT for 10-year bond to fund BSNL, MTNL VRS, land leasing to trim debt
New Delhi, Feb 21 (IANS) The Digital Communications Commission, an inter-ministerial panel of DoT, on Thursday discussed the revival proposals of two of its struggling PSUs - BSNL and MTNL - where the department proposed issue of 10-year bonds to fund their VRS plans and that their huge land assets be monetised through leasing to reduce their rising debts.

Thursday, February 21, 2019 5:26:05 PM

EPFO Board recommends 8.65% interest rate for 2018-19
New Delhi, Feb 21 (IANS) The Employees' Provident Fund Organisation (EPFO) board has recommended an interest rate of 8.65 per cent for 2018-19, 10 basis points higher over the previous fiscal.

Thursday, February 21, 2019 4:58:04 PM

Nifty PSU Bank Index outperforms after Rs 48,239 cr fund infusion
Mumbai, Feb 21 (IANS) A day after the Finance Ministry announced capital infusion of Rs 48,239 crore in the 12 public sectors banks, PSU Bank Nifty index gained up to 1.6 per cent, outperforming the Nifty50 index.

Thursday, February 21, 2019 3:44:05 PM

Reliance Capital invites Nippon Life for its 42.88% stake in Reliance MF
Mumbai, Feb 21 (IANS) The Anil Ambani-led Reliance Group's financial services flagship company Reliance Capital on Thursday said it has invited its partner Nippon Life Insurance Company to make an open offer for its 42.88 per cent stake in Reliance Nippon Life Asset Management Ltd (RNAM).

Thursday, February 21, 2019 3:40:07 PM

Kesoram expects to complete tyre business demerger by July
Kolkata, Feb 21 (IANS) B.K. Birla Group's flagship Kesoram Industries is expecting that the proposed demerger of its tyre business will likely be completed by July, sources said on Thursday.

Thursday, February 21, 2019 3:14:06 PM

Cross-LoC trade resumes after suspension in J&K
Jammu, Feb 21 (IANS) Trade across the Line of Control (LoC) between the divided Kashmir resumed on Thursday after two days of suspension.

Thursday, February 21, 2019 3:10:06 PM

NIIT Technologies, Microsoft partner to drive Cloud-led transformation
Mumbai, Feb 21 (IANS) IT solutions firm NIIT Technologies Ltd. on Thursday announced a global collaboration with Microsoft to accelerate the comprehensive cloud needs of enterprises -- from infrastructure to business applications.

Thursday, February 21, 2019 2:52:04 PM

Strong growth for Huawei in Q4 even as global smartphone sales stall: Gartner
Mumbai, Feb 21 (IANS) Signalling a new smartphone vendor war in 2019, Chinese player Huawei sold over 60 million smartphones in the fourth quarter of 2018, achieving the strongest growth of 37.6 per cent among the top five global players, Gartner said on Thursday.

Thursday, February 21, 2019 2:44:04 PM

Kesoram arm expects to cross Rs 400 cr revenue by FY20
Kolkata, Feb 21 (IANS) Betting big on food wrapping solutions with the launch of biodegradable cellulose transparent films, Cygnet Industries, a wholly-owned subsidiary of Kesoram Industries, is expecting to cross Rs 400 crore revenue by the next fiscal (FY 2019-20).

Thursday, February 21, 2019 2:36:05 PM

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