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  Business   Companies  06 Jun 2017

Business, Companies, 06 Jun 2017

Canara Bank slashes MCLR by 0.05 per cent

The new MCLR will be 8.10 per cent, while for one month and three-month maturities MCLR is 8.15 per cent and 8.20 per cent resectively.

06 Jun 2017 7:08 PM

PFC to loan Rs 3.6K cr to UP gov for consumer connections

The PFC has decided to give Rs 3,600 crore loan to UP discoms for creating infrastructure to provide electricity to households.

06 Jun 2017 6:36 PM

Telecom min Manoj SInha to meet telcos on June 22-23

The panel has asked telecom firms to provide their total annual revenue, operational expenses, net profit, market share and other details.

06 Jun 2017 6:17 PM

Adani Ent shares surge post approval for Australian project

Adani also said the Carmichael projects will generate 10,000 direct and indirect jobs.

06 Jun 2017 5:59 PM

BSNL eyeing about Rs 500 crore in the next one year

The company is eyeing to reach the target through mobile virtual network operator line of business.

06 Jun 2017 5:41 PM


HDFC bonds to raise Rs 2000 cr to augment long-term funds

HDFC said only the persons who are specifically addressed through a communication are eligible to apply for the debentures.

06 Jun 2017 5:17 PM

United Spirits margins to be impacted under GST

Although govt has put alcohol out of ambit of GST, state govt will continue to impose certain taxes.

06 Jun 2017 4:41 PM

IT job creation claims not real:Head Hunters India

Head Hunters India's comment comes after domestic IT giants TCS and Infosys announced they will be hiring 20,000 people.

06 Jun 2017 2:26 PM

RBI likely to keep interest rate unchanged

Analyst also expected the reverse repo rate to be left at 6.00 percent.

06 Jun 2017 1:36 PM

Adani Enterprise shares surge after coal mine deal

Adani Group agreed to pay royalties on coal produced from its project.

06 Jun 2017 12:56 PM


ArcelorMIttal bid for Ilva plants gets govt nod

Italy has been trying to sell Ilva since 2015 when the state took full control of the plant in a bid to clean up the polluted site.

06 Jun 2017 12:54 PM

Telecom woes not a threat for Indian banks:Fitch

Fitch said Indian banls' exposure to other troubled sectors like steel and iron companies is more dangerous.

06 Jun 2017 12:27 PM

CCI approves Airtel merger with Telenor India

Last week, Bharti Airtel and Telenor India also filed a joint application before NCLT for approval of merger.

06 Jun 2017 12:10 PM

ASCI takes note of 214 misleading ads in March

The Customer Complaints Council (CCC) of Advertising Standards Council of India (ASCI) received 280 complaints in the month.

06 Jun 2017 12:01 PM

Raymond shareholders reject sale of JK House

Gautam Singhania, the reappointed director said the decision was in the best interest of the company and shareholders.

06 Jun 2017 11:40 AM


Azim Premji calls report on sale of stake 'baseless'

In a letter to his employees, Premji said he continued to be

06 Jun 2017 10:49 AM

Jaitley makes strong case for Air India sale

He said civil aviation is turning into success story in India, with private sector players running "very efficient airlines".

06 Jun 2017 10:48 AM

Indian telcos seek cut in GST rate

The Cellular Operators Association of India has written to the Finance Minister asking for a cut in the new 18 per cent GST rate.

06 Jun 2017 10:04 AM

ICICI Bank commissions over 200 solar powered ATM

ICICI Bank has reduced its overall energy consumption in large offices and branches to 164 million units in 2016-17

06 Jun 2017 9:50 AM

Australian coal mine projects receives thumbs up from Adani

This is an historic day for Adani, a historic day for Queensland, and a historic day for the Indian investment in Australia, he said.

06 Jun 2017 9:14 AM