India steel ministry says increased Canadian coking coal import likely

NEW DELHI - India plans to increase its import of coking coal from Canada in a bid to diversify its import basket, the steel ministry said in a statement on Wednesday.

India was in talks with Canada's Teck Resources Ltd for long-term purchase agreements after a cyclonic disruption in Australia cut supplies earlier this year, Reuters reported earlier this month.

IndiGo, other major airlines lift ban on TDP MP Diwakar Reddy

Budget passenger carrier IndiGo on Wednesday revoked the ban on flying TDP MP J.C. Diwakar Reddy on its flights after he expressed regret over an incident of unruly behaviour committed last month.

Following IndiGo's decision, all major domestic airlines -- Air India, Jet Airways, IndiGo, SpiceJet and Vistara -- also revoked the ban. 

On its part, IndiGo said: "

Equity markets bounce back, healthcare stocks surg

 A day after suffering their steepest fall of the current fiscal, Indian equity markets recovered and provisionally closed with appreciable gains on Wednesday on the back of positive global cues and healthy buying in healthcare, metal and banking stocks.

At 3.30 p.m., the wider Nifty of the National Stock Exchange (NSE) provisionally closed at 9,901.90 points -- higher by 74

Reliance Home Finance top line grows 58%

Reliance Home Finance Ltd on Wednesday said it closed the first quarter of the current fiscal with a 58 per cent increase in its total income.

In a statement issued here, the company said it closed the first quarter with a total income of Rs 374 crore logging a year-on-year (YoY) growth of 58 per cent.

Reliance Home Finance is a subsidiary of Reliance Capital Ltd.<

NTPC a key enabler of Indias electricity transformation

A recent Morgan Stanley report has downgraded the Indian utilities industry. It highlighted that renewable energy is becoming so cheap that thermal power, mostly coal, is uncompetitive.

This is a highly significant market signal which will likely be accompanied by growth in the already impressive list of high calibre international investors moving into India's renewables sector, i

IIFCL launches new credit rating system for infra projects

India Infrastructure Finance Company Ltd (IIFCL) launched a new credit rating system with in-built credit enhancement structures for infra projects, reported PTI. The new rating system will address the concerns like the expected loss (EL) of a project entity. It will also enable better risk based pricing and long term funding avenues, IIFCL Deputy Managing Director Sanjeev Kaushik said.

FPI holding: Federal Bank under RBI watch

Reserve Bank will monitor foreign shareholding in Federal Bank so that it does not cross the upper limit of 74 per cent, reported PTI. The board of the company has passed a resolution to hike the limit of foreign investment to up to 74 per cent, RBI said. Earlier, foreign investment in Federal Bank was 49 per cent.

"The increase is subject to regulation 5(2) and 5 (2A) of Foreign

Jubilant Life Sciences cons Qauerterly Result net dips 12% at Rs 143.71 cr

Jubilant Life Sciences said that it has reported a decline of 12.3 per cent in its consolidated net profit at Rs 143.71 crore for the quarter ended June 30, 2017. The company had posted consolidated net profit of Rs 163.92 crore in the same quarter a year ago, the company said in a filing to the Bombay Stock Exchange. Consolidated revenue from operations of the company however rose to Rs 1,596.

Shriram Transport Fin raises Rs 980 cr via private placement

Shriram Transport Finance Company said that it has raised Rs 980 crore on private placement basis. “The allotment committee-NCDs of the company has approved and allotted 9800 secured, redeemable, rated, listed non-convertible debentures (NCDs) of face value of Rs 10 lakh each, aggregating to Rs 980 crore,” the company said in a filing to the Bombay Stock Exchange. Meanwhile, shares

Jet enhances domestic flight services

Airline major Jet Airways on Tuesday announced that it will introduce 96 new, non-stop weekly flights to emerging cities on the domestic sector during the monsoon season.

"Our new non-stop flights, additional frequencies, as well as direct, one-stop through flights is part of our continuing efforts to provide connectivity, choice and convenience for our guests.

Sensex rises as drugmakers, consumer stocks gain

Indian shares rose on Wednesday, with drugmaker Aurobindo Pharma Ltd up on hopes of higher U.S. sales and consumer staple Hindustan Unilever hitting a record high after its June-quarter profit beat expectations.

The benchmark BSE Sensex rose 0.53 percent at 31,879.09 by 0627 GMT, rebounding after a 1.1 percent fall on Tuesday, its biggest daily percentage fall this year.


UltraTech Cements consolidated Quarterly Result net profit up 15%

Aditya Birla group company UltraTech Cement on Tuesday reported a rise of 15 per cent in its consolidated net profit for the April-June quarter of 2017-18.

According to the company, its net profit rose to Rs 897 crore from Rs. 780 crore reported for the corresponding quarter of last fiscal.

Besides, the company's consolidated net sales rose to Rs 6,938 crore fo

Honda Cars India launches Honda Amaze `Privilege Edition`

 Passenger car manufacturer Honda Cars India (HCIL) on Tuesday introduced the 2017 'Privilege Edition' of its sedan Honda Amaze.

"The Privilege Edition will be available at Rs 648,888 for petrol and Rs 773,631 for diesel (ex-showroom New Delhi)," the company said in a statement.

"The Privilege Edition comes enriched with advanced infotai

India has to find accessible innovative models: Tata chief

 India has to find new innovative models that are accessible in "every nook and corner of the country", Tata Sons Chairman N.Chandrasekaran said on Tuesday.

"Innovation and R&D is not about pure research. We have to find innovative models which are accessible to every nook and corner of the country," Chandrasekaran said at the All India Management Ass

BSE to enhance surveillance on 28 stocks from July 20

Stock exchange major BSE on Tuesday said it will increase surveillance on the stocks of 28 companies with effect from Thursday.

According to the BSE, securities of companies such as ABC Bearings, Lotus Eye Care Hospital, Orient Beverages, Sahara One Media and Entertainment and Shriram Asset Management Co among others will be shifted to group "T/XT".

As pe

Ashok Leyland, SUN Mobility to launch electric buses

Commercial vehicle major Ashok Leyland and SUN Mobility have entered into a strategic alliance to develop electric buses, said officials of the two companies here on Tuesday.

"We have entered into a strategic alliance to develop electric buses with 'swap and charge' battery technology. We have to decide on firming up the agreement into a joint venture," Vinod K.

Dr Reddy`s announces commercialisation of Vozet in India

 Pharma major Dr Reddy's Laboratories on Tuesday announced the commercialisation of Vozet tablets in India, used for the treatment of allergic Rhinitis and chronic Urticaria.

The Vozet tablets contain Levocetirizine 5 mg, and are available in a strip size of 10, the Hyderabad-headquartered company said in a statement.

The anti-histamine market in India had

SoftBanks 20% stake buy in One97 Communications approved: CCI

The Competition Commission of India (CCI) on Tuesday said it has approved Japan-based SoftBank's acquisition of 20 per cent stake in One97 Communications, the firm which owns electronic payment and e-commerce company Paytm.

In a tweet, the CCI said: "@CCI India approves acquisition of 20 per cent stake in One97 Communications Limited by SoftBank Group Corp." 

Nepalis, saddled with banned Indian rupee notes, risk losing savings

KATHMANDU - Nepalis stand to lose millions of dollars held in high-value Indian bank notes that India banned last year and has yet to exchange, a Nepali central bank official said on Tuesday.

Indian Prime Minister Narendra Modi in November banned 500 rupee ($7.77) and 1,000 rupee bank notes as part of a drive against unaccounted wealth in India that has also hit Nepal

One Hundred and Eighty Seventh SME Company to get listed on BSE SME Platform

Mumbai, July 18, 2017: SEBI came out with detailed guidelines on 18th May, 2010 for launching of SME Exchange/Platform. BSE became the first stock exchange to get the approval from SEBI and launch its SME platform on 13th March, 2012.  

7NR Retail Ltd became 187th company respectively to get listed on the BSE SME Platform on July 18, 2017. 7NR Retail Ltd came out

Governments demand for additional tax premature, Reliance Industries says

NEW DELHI  - The government's demand for additional share in the profits and royalty from the contractors of Panna Mukta and Tapti oil and gas fields is "premature", Reliance Industries said in a statement on Tuesday.

Reliance and Royal Dutch Shell own 30 percent interest each in the fields, off India's west coast, while Oil and Natural Gas Corp

Trade-To-Trade Scrips - Inclusions in "T","XT" or "ST" Group

Mumbai: July 18, 2017: As a part of Surveillance measures and based on the extant SEBI framework, the Exchanges transfer various securities for settlement on a Trade-to-Trade basis. The criteria for shifting securities to/from for settlement on trade to trade basis is decided in consultation with SEBI and applied uniformly across the stock exchanges and reviewed periodically.

Power grid integration to quicken renewables makeover

When the sun shines brightly, it's manna from heaven for a solar producer. But for an electricity distributor, the surge in the power lines can be a nightmare. This unpredictability of solar and wind energy has long been a technical challenge that requires adroit balancing of the power grid.

India is now on the threshold of attaining this balance. The new Greening the Grid report,

Reliance Commercial Finance posts Rs 65 cr net profit

Reliance Commercial Finance Ltd on Tuesday said it closed the first quarter of the current fiscal with a net profit of Rs 65 crore logging a growth of 44 per cent.

In a statement issued here, the company, a subsidiary of Reliance Capital Ltd, said it had earned a total income of Rs 490 crore and a net profit of Rs 65 crore for the quarter ended June 30.

Reliance Commercial F

nubia commits $100 mn investment for manufacturing in India

Best known for its camera-centric smartphones, Chinese manufacturer nubia, which entered India last year, has earmarked $100 million investment in the country over the next few years, a top executive has said.

Since last October, the company has introduced seven smartphones in India that received rave reviews and a decent response from customers.

"We have established ou