Depository of News

Bitcoin slumps below $10,000, half its peak, as regulatory fears intensify

Bitcoin skidded below USD 10,000 on Wednesday, halving in value from its peak price, with investors gripped by fears regulators could clamp down on the volatile cryptocurrency that sky-rocketed last year.

Yes Bank to mobilise $1 bn by 2023 for solar projects

Yes Bank signed five solar energy co-financing Letters of Intent with Tata Power Delhi Distribution, Hero Future Energy, Greenko Group, Amplus Solar and Jakson Group for their solar projects in India to be completed by 2023.

Health-conscious Nestle sells US candy to Ferrero for $2.8 billion

Swiss food group Nestle has agreed to sell its US confectionery business to Italy#39;s Ferrero for USD 2.8 billion, it said on Tuesday, marking CEO Mark Schneider#39;s first big sale and a small step on its path towards healthier products.

Adani Transmission Q3 profit jumps 8-fold to Rs 842 crore

The company had posted a PAT of Rs 99.28 crore during the corresponding period of the previous fiscal.

Bharat Forge sets up RD facility for e-vehicles in Britain

The Electric Mobility RD centre will be able to tap into the extensive testing facilities at the Mira Technology Park as well as the pool of engineering talents in the British Midlands, a release said.

Foreign exchange earnings in 2017 grow by 17 percent in 2017

The ministry, which records FEEs every month, said the FEEs from tourism in December 2017 registered a spike of almost 18 percent when compared to the same period in 2016.

Mishra Dhatu Nigam files IPO papers with SEBI

State-owned Mishra Dhatu Nigam (MIDHANI) has filed preliminary papers with markets regulator SEBI to float an initial public offering.

DCB Bank#39;s Q3 net profit up 11% at Rs 57 crore

DCB Bank today reported a net profit of Rs 57 crore for the third quarter ended December 2017, up 11 percent year-on-year.

TRAI assessment of telcos#39; mobile service quality by month-end

The new call drop rules came into force from October 1 and the quarter ended December will see the first instance of reporting under the new formula.

Bharti Infratel Q3 net profit drops 6% to Rs 585 cr

The company#39;s net profit for the October-December period of last fiscal was Rs 620 crore.

Lloyd#39;s India eyes $10-million business from by December

Lloyd#39;s is the world#39;s leading insurance market providing specialist insurance services to businesses in over 200 countries and territories.

Amalgamation scheme: Tata Power shareholders#39; meet on February 19

Tata Power on Wednesday said it will convene shareholders#39; meeting on February 19 to seek approval for the proposed amalgamation of four group entities with the company.

Mindtree Q3 net up 13% QoQ, co says project pipeline healthy

The midcap IT services company reported revenue of Rs 13,777 million, a growth of 3.5 percent sequentially. Net profit was Rs 1,415 million

Newgen Software IPO subscribed 70% on Day 2

The initial public offer of IT firm Newgen Software Technologies was subscribed 70 percent on the second day of its listing today.

Hike users can now chat, read news without mobile data

Home-grown messaging platform Hike on Wednesday announced the launch of a new service #39;Total#39; that allows Android phone users to chat, read news, book train tickets, make payments and transfer money without mobile data.

Hike users can now chat, read news without mobile data

Home-grown messaging platform Hike on Wednesday announced the launch of a new service #39;Total#39; that allows Android phone users to chat, read news, book train tickets, make payments and transfer money without mobile data.

Tier-2 customers driving the $14.5 billion e-commerce industry in India: RedSeer report

According to the report, India#39;s e-tailing industry which has grown to over USD 14.5 billion in revenues still holds a large growth potential

YouTube#39;s new policy makes monetisation tougher for channels

Now only those channels, that received 4000 hours of overall watch time in the past 12 months and at least 1000 subscribers will be eligible

Amber Enterprises IPO fully subscribed on first day

The company had raised Rs 179 crore from anchor investors yesterday.

Twitter employees admit hundreds of workers have access to private messages in a video, company refutes claim

“We do not proactively review DMs. Period,” Twitter said

Cyrus Mistry removed as board lost confidence in him: Tata Sons tell NCLT

Tata Sons#39; counsel Abhishek Manu Singhvi, who was arguing before the Mumbai bench of the NCLT, reaffirmed that the nominee trustee directors of the company had no personal interest in Mistry#39;s removal.

Lack of standardisation in charging infra major bottleneck for electric vehicles

Standardisation of charging technology has emerged as the focal point for development of the electric vehicle concept, considering the size of the market itself and the variation in charging loads.

Cyrus Mistry removed as board lost confidence in him: Tata Sons tells NCLT

Tata Sons#39; counsel Abhishek Manu Singhvi, who was arguing before the Mumbai bench of the NCLT, reaffirmed that the nominee trustee directors of the company had no personal interest in Mistry#39;s removal.

SEBI may soon take measures to limit retail participation in FO market

The equity derivatives market has been growing rapidly in the recent years and the ministry is not comfortable with its disproportionate growth vis-à-vis the cash market

Jubilant Life Sciences Q3 net up 80 percent to Rs 212.84 crore

Jubilant Life Sciences said in a BSE filing that the company had posted a net profit of Rs 118.11 crore for the corresponding period of the previous fiscal.

Budget 2018: Commercial vehicles geared for growth

Crisil Research expects reduction in cess for hybrid vehicles to zero.

Startups solving Mumbai civic issues may soon get BMC funding

The BMC has selected a 4,000 sq m plot in Andheri to start its first incubation centre, which can house up to 10 offices.

Defence Minister Sitharaman conducts sortie in Sukhoi-30 MKI fighter jet

The flight was a part of the minister#39;s larger agenda to to examine the combat capability and operational preparedness of the Indian Air Force (IAF).

Startups solving Mumbai civic issue may soon get BMC funding

The BMC has selected a 4,000 sq m plot in Andheri to start its first incubation centre, which can house up to 10 offices.

Budget 2018: Rising crude, congestion to cap domestic airline passenger traffic growth

Crisil Research expects GST exemption for MRO, which is in the 18% slab at present, to boost industry.

Budget 2018: Expect further streamlining in taxation IT, ITeS sector

CRISIL Research expects the profitability of IT services players to decline due to pressure on billing rates in commoditised services, limited scope for improvement in utilisation levels and continued investments in newer technologies such as social, mobile,

Budget 2018: Domestic demand upcycle amid softer input prices to aid healthy spreads in steel

The government’s target achievement and financial disbursements towards key projects such as Housing for All and infrastructure projects (Bharatmala, Industrial corridors, etc.) would be key monitorables from steel demand growth perspective.

Budget 2018: FMCG to see volume-driven growth; margins to improve slightly

CRISIL Research expects operating margins to expand 20-50 bps during fiscal 2018 owing to input tax credit benefits and cost rationalisation measures taken by many FMCG companies. However, rising input prices of raw materials such as crude oil and milk will r

Winning large deals key for IT companies in 2018: V Balakrishnan

Former Chief Financial Officer of Infosys Ltd, V Balakrishnan, said the current calendar year will be better for these companies, noting that their two biggest markets -- the US and Europe -- are doing well and giving growth opportunities.

Budget 2018: Roads, railways, irrigation, and urban to hog mammoth infra spend

Expectation: Amendment of Section 80-IA to include benefits to upgradation of existing infrastructure facilities.

Star India eyes 700 mn viewers from IPL T20

"The Vivo IPL 2018 will be a six-month long fiesta with new age technology putting fans at the heart of experience. We are confident that the Vivo IPL 2018 as reimagined by Star India, will empower viewers, advertisers and the media and entertainment ecosyste

HP launches 3D printers in India for Rs 2.5 crore

3D printing refers to creation of a three-dimensional object in which layers of materials are formed with computers controlling the process.

Renault goes past 300-dealership mark in India

"Staying true to its commitment, Renault India has added 50 dealerships in 2017, making it one of the fastest network ramp-ups by an automobile OEM in India," Renault India said in a statement.

A budget of Rs 4.45 crore allocated for Devendra Fadnavis#39;s show and other shows

The Maharashtra government has set a budget of Rs 4.45 crore for Mee Mukhyamantri Boltoy and other interactive programmes run in the state.
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