PNC Infratech completes road project in Rajasthan

Leading infra major, PNC Infratech Limited has said that it has received a letter from National Highways Authority of India regarding the achievement of Financial Closure on April 03, 2017 for the project 'four laning / two laning with paved shoulders from 0.00 km to 83.453 km of Dausa-Lalsot-Kauthun section of NH-11 A (Extension) in the state of Rajasthan under NHDP IV, on Hybrid Annuity M

LIC launches two Aadhaar based policies

Life insurance behemoth LIC has introduced two endowment assurance plans for individuals having Aadhaar card, reported PTI. While the Aadhaar Shila is a plan exclusively designed for women, the other scheme Aadhaar Stambh is meant for men.

Absolute amount assured on death under Aadhaar Stambh is 100 per cent, whereas for Aadhaar Shila it is 110 per cent of basic sum assured. These pla

Reliance lifts Jio investment above $30 billion after record year

MUMBAI - Reliance Industries plans to spend a further $2.8 billion on its Jio telecoms business in the current quarter, it said on Monday, taking its investment in the venture to more than $30 billion.

Reliance derives the bulk of its revenue from its core refining and petrochemicals operations, but the group has bet big on Reliance Jio Infocomm. The project backed by

DCB Bank launches share sale to institutions

MUMBAI - Mid-sized Indian lender DCB Bank Ltd has launched a share sale to institutions, according to a stock exchange filing on Monday.

The bank has set a floor price of 177.39 rupees a share for the so-called qualified institutional placement, the filing showed.

It was not immediately known how much the bank was looking to raise from the share sale.

Vodafone India launches unlimited roaming plans for US, UAE, Singapore

Vodafone India has launched an unlimited international roaming proposition for travellers to the US, UAE and Singapore in its international roaming pack, Vodafone i-RoamFREE, where customers opting for this pack will not be charged a single additional rupee for calls and data while roaming in these three countries, the company announced on Monday.

This pack is available at price point

Tata Sons welcome NCLT order

Tata Sons on Monday welcomed the order of an apex corporate tribunal which ruled against a petition that had alleged mismanagement by the company.

The petition by Cyrus Mistry's investment companies -- Cyrus Investment and Sterling Investment Corp. -- had alleged mismanagement and oppression of minority shareholders by the company.

The order against the petition was give

Sensex posts biggest gain in six weeks

Indian shares closed 1 percent higher on Monday, posting their biggest daily percentage gains in nearly six weeks following a slew of good quarterly results including from HDFC Bank Ltd and cement makers.

Sentiment was also lifted after the market's favoured candidate, Emmanuel Macron, won the first round of the French presidential election.

The broader NSE Nifty closed

Ricoh India launches new DSLR camera at Rs 88,584

Imaging company Ricoh India Ltd on Monday launched its new mid-class DSLR camera "PENTAX KP" for Rs 88,584.

The dustproof and weather-resistant camera features a new-generation "APS-C- sized CMOS image sensor" supported by 24.32 effective megapixels and a top sensitivity of ISO 819200.

"The new DSLR reflects our engineering expertise that weaves desi

RCOM-Aircel merger gets shareholders' approval

 Reliance Communications (RCOM) has received 99.99 per cent shareholders approval for merger of its wireless business with Aircel, a company statement said here on Monday.

"The shareholders of Reliance Communications at their meeting convened pursuant to the order of the National Company Law Tribunal (NCLT), have today approved with 99.99 per cent majority for the Scheme of

India to expand access to J&J's TB drug this year

MUMBAI  - India's top tuberculosis fighter said the government will expand access to Johnson & Johnson's breakthrough TB drug this year, but health experts warn much more needs to be done to eliminate the superbug by 2025.

India will make bedaquiline, one of just two new TB drugs marketed over the last 50 years, available at 140 government-run TB trea

AGI Infra gets nod for project under Affordable Housing Policy 2016

AGI Infra said that it has received approval for Project namely ‘AGI Smart Homes’ under Affordable Housing Policy 2016. “Approval is granted under the Punjab Apartment and Property Regulation by the Chief Administrator, JDA, Jalandhar for the project namely ‘AGI Smart Homes’ at village pholariwal, Jalandhar,” the company said in a filing to the Bombay Stock E

IDFC MF announces 0.01% div under Ultra Short Term Fund

IDFC Mutual Fund has announced 0.0144 per cent dividend under dividend payout option of scheme named as “IDFC Ultra Short Term Fund” on the face value of Rs 10 per unit. The record date for the dividend was April 20. The latest NAV of the scheme is Rs 10.07. The investment objective of the open-ended scheme is to offer an investment avenue for short term savings by looking to genera

UltraTech Cement profit beats estimates; shares hit record high

India's largest cement producer UltraTech Cement reported a better-than-expected quarterly consolidated profit, sending its shares to a record high on Monday.

Consolidated profit of the company, in which Aditya Birla Group is the majority shareholder, fell to 7.26 billion rupees ($112.71 million) in the quarter ended March 31, hurt by higher expenses.

IndusInd Bank enters footprint in Bhinder, Rajasthan

Private sector lender Indusind Bank Ltd on Monday said that it has expanded its presence in Rajasthan through opening its first branch in Bhinder. In a filing to the Bombay Stock Exchange, the private sector lender said, “IndusInd Bank inaugurates a new branch in Bhinder - expands presence across Rajasthan. IndusInd Bank recently inaugurated its first branch in Bhinder, known for its silv

L&T Tech, Microsoft jointly wins multi-mn dollar smart office project in Israel

L&T Technology Services on Monday said it has bagged a contract for development of Smart City & Campus solutions that will be used to develop a smart office campus in Israel for a leading technology company –a result of its expanded partnership with Microsoft.

“The smart office campus being developed by the firms will use IoT-enabled sensors and predictive analytic

Three-year action agenda presented at NITI Aayog meet

 NITI Aayog Vice Chairman Arvind Panagariya on Sunday presented a draft of the three-year action agenda for the nation's development at its Governing Council meeting here.

The (NITI National Institution for Transforming India) Vice Chairman noted that over 300 specific action points have been identified under the action agenda covering the whole gamut of sectors. He said that

Key Indian equity indices open in green

 The key Indian equity indices on Monday opened in green.

The 30-scrip Sensitive Index (Sensex), was trading 54.72 points or 0.19 per cent higher soon after opening.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) was also trading 14.85 points or 0.16 per cent higher at 9,134.25 points.

The Sensex of the BSE, which opened at 29,407.68 points, was

Arun Jaitley for urgent World Bank, IMF quota reforms

The World Bank needs to decide the issues of Selective Capital Increase (SCI) to reflect the increasing weight of Developing and Transition Countries (DTCs) and General Capital Increase (GCI) to expand its annual lending, Finance Minister Arun Jaitley has said.

"We must fulfill our commitment to consider and reach a decision on SCI and GCI by annual meetings 2017 in line with the

India will welcome Apple if it comes, says Ravi Shankar Prasad

 India would welcome Apple to make its iconic iPhones in the country where a lot of big firms were already making mobile phones, said Union IT Minister Ravi Shankar Prasad on Saturday.

"A lot of big mobile phone manufacturing companies have come, and if Apple comes fine, they are welcome," he told reporters at the margins of an IT event here.

Noting that he wo

Indian IT firms don't steal jobs, create them: Ravi Shankar Prasad

Indian IT companies, which conquered the world with their software skills, don't steal jobs anywhere in the world but create them, asserted Union IT Minister Ravi Shankar Prasad on Saturday.

"Indian IT companies do not steal jobs but create jobs, be it in the US or any other country. We are proud of their contribution in America and the world over," he said at an interac

Indian equities slide on global concerns, foreign funds' outflow

Indian equity markets extended losses for the second consecutive week as bearish global cues and outflow of foreign funds curbed investors' risk-taking appetite.

Besides, investors remained cautious over a weak rupee and fourth quarter results.

The week ended April 21 witnessed the barometer 30-scrip S&P BSE Sensex slipping by 96.15 points or 0.33 per cent to 29,365.

HDFC Bank's Q4 net profit up 18%

 HDFC Bank on Friday reported a rise of 18.25 per cent in net profit for the fourth quarter (Q4) of 2016-17.

The company's net profit rose to Rs 3,990.09 crore from Rs 3,374.22 crore reported in the fourth quarter of 2015-16.

The total income of the bank rose 14.30 per cent to Rs 21,560.66 crore during in January-March 2017 from Rs 18,862.61 in the corresponding per

Corus acquisition an aspirational mistake: Tata Steel former MD

Tata Steel's former Managing Director J.J Irani on Friday said acquisition of Britain-based steel major Corus by the Indian steel producer was an "aspirational mistake".

On the recent spat between Ratan Tata and Cyrus Mistry, he said the former had never interfered in the board's decision. 

"Acquisition of Corus was a mistake. Not an intentional o

Dr Reddy's to sell Progesterone capsules in US

Indian drug major Dr Reddy's Laboratories on Friday announced it would sell Progesterone capsules in the US market for therapeutic treatment of cardiovascular disorders, breast cancer and probable dementia.

"The generic capsules, approved by the US Food and Drug Administration (USFDA), are a therapeutic equivalent version of Prometrium," said the city-based pharma compan

RIL starts coalbed methane production from MP

Reliance Industries (RIL) on Friday announced it has started commercial production last month from its Sohagpur coalbed methane (CBM) block in Madhya Pradesh.

"The block is currently supplying CBM for commissioning the Shahdol Phulpur pipeline," the Mukesh Ambani-led RIL said in a release here. 

"The production from RIL's Sohagpur CBM fields will grad