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Business

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  • Expect FY19 revenue at around Rs 150 crore: HOEC

    22 January, 2018 7:12 AM 12

    Hindustan Oil Exploration Company (HOEC) posted a good set of earnings in Q3 with strong revenue and margin growth. Production from Assam added to revenues and bottomline. In an interview with CNBC-TV18, P Elango, MD of HOEC spoke about the results and his outlook for the company. It has been a great quarter both in terms of volumes as well as in price

  • We are in good space with market; just ride this tide: Udayan Mukherjee

    22 January, 2018 6:23 AM 13

    In an interview to CNBC-TV18, Udayan Mukherjee shared his views and readings on the market and earnings. He further said that if the yields cool down, not just the banks but some of the forgotten non-banking financial companies (NBFCs) will also rise to the fore once again. "Right now things are good here; you are seeing an earnings recovery, even economic

  • Great performance from RIL, taken everyone by surprise: IIFL

    22 January, 2018 6:03 AM 15

    Lots happening in the oil and gas space. The Oil and Natural Gas Corporation (ONGC)-Hindustan Petroleum Corporation Ltd (HPCL) deal is through its final lap. As well, Reliance Industries Ltd (RIL) has posted strong numbers. In an interview with CNBC-TV18, Harshvardhan Dole of IIFL shared his views and readings on the same. In an interview with CNBC-TV

  • Union Budget 2018: ​India ready for universal basic income, govt should implement it over 2 years, says Former RBI Governor Bimal Jalan

    22 January, 2018 4:04 AM 25

    With only a week left for the Union Budget, former Reserve Bank of India (RBI) governor Bimal Jalan has said that India is ready for Universal Basic Income, an idea that was first proposed in Economic Survey two years ago. “Basic income, in its essence, has to be above the poverty line. It surely is a good idea. I think the economy is ready for it. It can be implemented

  • Paytm introduces business application

    21 January, 2018 4:27 PM 21

    To help SMEs accept digital payments Digital payments platform Paytm has unveiled an application called ‘Paytm for Business’ to enable small and medium businesses to accept digital payments. The application, available on Android Play Store, would enable merchants to sign up quickly and get a Paytm QR code to start accepting digital payments, the company

  • Arun Jaitley likely to address SEBI, RBI boards on February 10

    21 January, 2018 12:43 PM 35

    Finance Minister Arun Jaitley is likely to address the boards of markets regulator Securities and Exchange Board of India (SEBI) and Reserve Bank of India (RBI) on February 10, a senior official said. Soon after the presentation of Union Budget, it is a customary practice for the finance minister to address the boards of the SEBI and the RBI. The Budget

  • Amazon, Flipkart offer heavy discounts in online sale: All you need to know

    21 January, 2018 7:51 AM 54

    Online retailers Amazon and Flipkart on Sunday kickstarted Great Indian Sale and Republic Day Sale respectively. Online retailers Amazon and Flipkart on Sunday kickstarted Great Indian Sale and Republic Day Sale respectively, offering a bouquet of discounts on a range of products. While Amazon’s Great India Sale is slated to go on till January 24, Flipkart’s

  • KEF Infra to divest 30% to fund expansion

    20 January, 2018 3:40 PM 26

    Plans to raise ₹2,000 cr. for building plants at Mumbai, New Delhi, Hyderabad The promoters of KEF Infrastructure India Pvt. Ltd., a Dubai-based precast concrete manufacturer, would be divesting 30% stake to private equity (PE) investors to part finance a ₹2,000-crore expansion programme, said a top official. “Currently, we are in talks with a PE [investor]

  • Tata Steel rights issue from Feb. 14

    20 January, 2018 3:21 PM 21

    Steel major Tata Steel said its rights issue worth ₹12,800 crore will open on February 14 and close on February 28. The executive committee of the board of Tata Steel, at its meeting, approved “simultaneous but unlinked issues” of ordinary shares having face value of ₹10 each. The issue will comprise “up to 15.53 crore fully paid up ordinary share not exceeding

  • JLR rolls out Range Rover Velar, prices it at ₹78.83 lakh

    20 January, 2018 2:41 PM 30

    Will bolster firm’s position in luxury SUV market, says MD Jaguar Land Rover (JLR) on Saturday introduced the Range Rover Velar in India at a starting price of ₹78.83 lakh (ex-showroom Delhi). The SUV will come with three engine options — 2.0 litre diesel, 2.0 litre petrol and 3.0 litre diesel. “The Velar will further strengthen Land Rover’s position