Dabur India joins hand with Amazon for ayurveda marketplace

Homegrown FMCG major Dabur India today said it has tied up with e-commerce major Amazon for an online ayurveda marketplace which will house all ayurvedic brands and products available in the country. The company, which will also offer consumers an insight into various ayurvedic medicines for treating a variety of ailments, said the idea is to service all health and personal care related needs o

Internet grows to 331mn domain name registrations in Q2 2017

The Internet has grown to 331.9 million domain name registrations in the second quarter of 2017 as nearly 1.3 million registrations were added during the period, a report said on Friday.

According to VeriSign, a global leader in domain names and Internet security, 1.3 million domain name registrations across the globe translates to a growth rate of 0.4 per cent over the first quarter

Reliance Home Finance Ltd Networth Of RS. 1,686 Crore (US$ 263 Million) Book Value per Share At RS. 35

Mumbai, September 22, 2017: Reliance Home Finance Ltd. lists its Equity Shares at the National Stock Exchange of India Ltd. (NSE) and BSE Ltd.

The announcement was made at an impressive listing ceremony fittingly held at NSE. The event began by lighting of the ceremonial lamp by the hands of Mrs.Tina Ambani. Other key personnel present were Mr. Anil Dhirubhai Ambani,

Reliance Home Finance debuts at Rs 107 on NSE

Housing finance company Reliance Home Finance Ltd (RHFL) -- part of Anil D Ambani-led Reliance Group -- on Friday debuted on the NSE at Rs 107.20.

Tina Ambani, wife of Anil Ambani, rang the bell signaling the listing of RHFL on the NSE.

Anil Ambani, Chairman, Reliance Group of Companies was also present at the event.

Speaking at the listing function Anmol Ambani, E

Equity indices slip on weak global cues, rupee

Key Indian equity indices -- the BSE Sensex and the NSE Nifty50 -- descended by almost one per cent each during the mid-afternoon trade session on Friday as weak Asian markets, on the back of geo-political risks and depreciation of the rupee subdued investors' sentiments.

Heavy selling pressure in banking, capital goods and consumer durables stocks aided in the downslide of the in

ITI lowest bidder for army network order

State-run Indian Telephone Industries (ITI) Ltd on Thursday announced it had emerged as the lowest bidder in the Rs 7,000 crore tender floated by the army for its strategic communication network across the country.

"We have been declared winner (L1) in the Rs 7,000 crore phase-IV tender of the Army Static Switched Communication Network (ASCON) for deploying and maintaining its st

Three new passenger vehicles in design stage, says Tata Motors

In a bid to fulfill the gap in the passenger vehicles categories, automobile major Tata Motors has lined up three new cars in the design stage, a top company official said on Thursday.

"With the launch of the compact SUV Nexon, we have completed 71 per cent of the entire PV category. We have three new cars in the design stage which will further meet the gap," company's D

TRAI`s IUC reduction is a body blow for all operators: Idea Cellular

The proposed reduction by the Telecom Regulatory Authority of India (TRAI) in the Mobile Termination Charge (MTC) is a body blow to all operators, Idea Cellular said in a statement here on Thursday.

"The Authority's verdict to cut IUC (interconnection usage charge) to a paltry 6 paise per minute, determined on the basis of a new cost methodology which brazenly ignores the stu

Appeals court allows Mistry to continue action against Tata Sons

MUMBAI  - An appeals court in India ruled on Thursday that former Tata Sons Chairman Cyrus Mistry can press ahead with a legal battle against the salt-to-software conglomerate that had earlier been dismissed.

Mistry, a scion of the wealthy Shapoorji Pallonji family which owns a minority stake in Tata Sons, has been locked in a legal feud with Tata Sons and Tata f

Tata Sons gets shareholders` nod to make company private

Tata Sons on Thursday got the shareholders approval to convert it into a private company from a public limited holding that will help it become more swift in decision making.

"All resolutions placed before the AGM (annual general meeting) were passed with requisite majority," a Tata Sons source said.

As much as 66 per cent of Tata Sons is owned by Tata Trusts. Two

Vivimed gets Ukraine GMP nod for FDF facility in Hyderabad

Vivimed Labs said that its FDF manufacturing facility located in Jeedimetla, near Hyderabad has received Ukraine GMP Certification effective September 2017. “Vivimed Labs Limited ('Vivimed' or the Company), a niche Specialty Chemicals and Pharmaceuticals company, announced today that its FDF manufacturing facility located in Jeedimetla, near Hyderabad inspected in August 2017 by t

US rate-hike fear, weak rupee drag equity indices lower

Key Indian equity indices provisionally closed in the red on Thursday as investors remained cautious over another rate-hike in December signalled by the US Federal Reserve.

Besides, a weak rupee and heavy selling pressure in consumer durables, banking and automobile stocks added to the downslide of the key indices.

However, an upsurge in pharma heavyweights like Dr. Reddy

L&T Technology partners Wind River for Intelligent Systems

L&T Technology Services, a leading global pure-play engineering services company has said that it has collaborated with Wind River, an Intel company and world leader in delivering software for the Internet of Things (IoT).

“The two companies will work together to investigate, validate and optimize LTTS technologies with Wind River software platforms to discover compelling jo

ITI bags Rs 7000 cr defence project

ITI Ltd said that it has been declared as the lowest (L1) bidder for the contract value of Rs 7,000 crore. “The company has been declared as L1 in the “ASCON Phase IV Project” by Ministry of Defence.

The contract value of the project is approximately Rs 7,000 crore,” ITI said in a BSE filing. Meanwhile, shares of the company were trading at Rs 122.20 apiece, up

Orchid Pharma`s Tamil Nadu plant gets EIR report from USFDA

Orchid Pharma said that it has received approval from the US health regulator for API facility in Tamil Nadu. "The company has received the Establishment Inspection Report (EIR) from the US Food and Drug Administration on the successful inspection of the active pharmaceutical ingredients (API) manufacturing facility located at SIDCO Industrial Estate, Aalthur, Kanchipuram District, Tamil N

Cabinet approves transfer of three ITDC hotels to States

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the transfer of Hotel Jaipur Ashok, Jaipur and Lalitha Mahal Palace Hotel, Mysore, units of India Tourism Development Corporation Ltd (ITDC) to Government of Rajasthan and Government of Karnataka, respectively and disinvestment of ITDCs shares in Donyi Polo Ashok Hotel Corporation.

As per disinvestment policy of th

NCLAT allows Cyrus Mistry to file case against Tata Sons

The National Company Law Appellate Tribunal (NCLAT) on Thursday allowed the firms owned by former Tata Group Chairman Cyrus Mistry's family to raise its complaint of mismanagement and oppression against Tata Sons after applying a waiver in this regard.

The two family firms of Mistry, Cyrus Investments and Sterling Investments, had levelled allegations of mismanagement and oppressi

M&M to buy Turkey-based tractor firm Erkunt

The country’s biggest tractor maker Mahindra & Mahindra (M&M) on Wednesday announced its second foray into Turkey through the acquisition of Erkunt Traktor Sanayii A.S. (Erkunt), the 4th largest tractor brand in Turkey. This transaction is expected to close by the last quarter of calendar year 2017.

Erkunt, incorporated in 2003, is the 4th largest tractor brand in Turkey

JSW Energy to raise Rs 500 cr via bonds

JSW Energy's finance panel gave its go-ahead to Rs 500-crore bond issuance programme, reported PTI. The board of directors had approved the raising of funds through the issuance of bonds/redeemable non-convertible debentures by way of a private placement and had authorised the the company's Finance Committee to decide on all matters relating to that, JSW Energy said in statement.

Reliance jio to implement efficient telecom network in India

Reliance Industries has said that Jio is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world’s largest mobile data consuming country within one year of commencement of services.

Nifty, Sensex fall; ICICI Bank top drag

By Jessica Kuruthukulangara

Indian shares fell on Thursday, dragged down largely by banks including ICICI Bank as investors booked profits a day after the U.S. Federal Reserve signalled one more rate hike by the end of this year.

The Fed held interest rates steady and announced a plan to start shrinking its balance sheet by reducing its holdings of U.S. Treasury bonds and mo

Maharashtra to start cane crush Nov. 1 - government sources

MUMBAI  - Millers in India's Maharashtra state will start crushing sugarcane from Nov. 1 as heavy rain over the last few days has made it difficult to bring operations forward as hoped, two government officials said on Wednesday.

The federal government wanted millers in Maharashtra, the country's second-biggest sugar producing state, to advance crushing t

Reliance Home Finance to list on Friday

Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Wednesday said the listing of Reliance Home Finance Ltd is scheduled on Friday at the bourses.

In a statement issued here, the company said the listing of Reliance Home Finance is scheduled on September 22, 2017, at BSE Ltd and National Stock Exchange of India Ltd (NSE).

"All Shareholders of Relianc

NBCC to launch 1,000 flats for sale during festival

State-owned construction firm NBCC will launch about 1,000 flats for sale in this festival season and is in discussion with the government to develop affordable housing projects on surplus land with PSUs. The company is also in talks with the government for developing islands in Andaman and Nicobar and Lakshadweep, its Chairman and Managing Director Anoop Kumar Mittal said. "We have been a

NTPC wins Bhubaneswar round of Tata Crucible Corporate Quiz

National Thermal Power Corporation Ltd has emerged the winner of the Bhubaneswar regional round of Tata Crucible Corporate Quiz, 2017. Around 50 teams from prominent corporate houses across the state capital participated in the quiz, which will traverse 25 cities in India, a Tata Group release said. Chandan Shahi and Sujit Varkey of NTPC will compete with winning teams from five cities in the z