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Thomas Cook India acquires Kuoni#39;s destination management network for Rs 125 crore

The price of the deal is Rs 125 crore and the valuation is about 5 times profit before tax and has been funded entirely from Thomas Cook’s internal accruals.
Moneycontrol Business News

Thomas Cook India acquires Kuoni#39;s destination management network for Rs 125 crore

The price of the deal is Rs 125 crore and the valuation is about 5 times profit before tax and has been funded entirely from Thomas Cook’s internal accruals.

GST unlikely to have impact on property prices: says Hiranandani

He also said, the GST, RERA (Real Estate Regulatory Authority) and demonetisation would make the industry "more transparent" in the long term.
Moneycontrol Business News

GST unlikely to have impact on property prices: says Hiranandani

He also said, the GST, RERA (Real Estate Regulatory Authority) and demonetisation would make the industry "more transparent" in the long term.

Over 2000 cases of waqf property encroachment in 1.5 year: Says Government

The minister of state for minority affairs said the government will not spare those who have occupied waqf properties illegally.
Moneycontrol Business News

Over 2000 cases of waqf property encroachment in 1.5 year: Says Government

The minister of state for minority affairs said the government will not spare those who have occupied waqf properties illegally.

RBI to remain open on July 1 to facilitate transactions

RBI will remain open on July 1 for services such as transfer of funds through National Electronic Fund Transfer and real time gross settlement.
Moneycontrol Business News

RBI to remain open on July 1 to facilitate transactions

RBI will remain open on July 1 for services such as transfer of funds through National Electronic Fund Transfer and real time gross settlement.

Madhucon Projects bags Rs 217 crore order from Maharashtra govt

The contract has been awarded by the public works department of the Maharashtra government for the upgradation of a section NH-353, the company said in a BSE filing.
Moneycontrol Business News

Madhucon Projects bags Rs 217 crore order from Maharashtra govt

The contract has been awarded by the public works department of the Maharashtra government for the upgradation of a section NH-353, the company said in a BSE filing.

Citigroup sells Petronet shares worth Rs 163 cr

According to bulk deal data available with National Stock Exchange (NSE), Citigroup Global Markets Mauritius Pvt Ltd sold a total of 37,79,753 shares of Petronet.
Moneycontrol Business News

Citigroup sells Petronet shares worth Rs 163 cr

According to bulk deal data available with National Stock Exchange (NSE), Citigroup Global Markets Mauritius Pvt Ltd sold a total of 37,79,753 shares of Petronet.

China to add new Germany to global economy in four years

Shopping in China is growing so quickly that by 2021 it will add another $1.8 trillion to the global economy, says recent research from Boston Consulting Group and AliResearch, Alibaba’s research arm. This is roughly the size of Germany’s consumer econom
RT Business

China to add new Germany to global economy in four years

Shopping in China is growing so quickly that by 2021 it will add another $1.8 trillion to the global economy, says recent research from Boston Consulting Group and AliResearch, Alibaba’s research arm. This is roughly the size of Germany’s consumer economy today. Read Full Article at RT.com

JSW keen to snap up stressed assets, to create $1-billion war chest

Leading alloy maker JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 billion war chest for the same, a top company official said on Thursday.
Moneycontrol Business News

JSW keen to snap up stressed assets, to create $1-billion war chest

Leading alloy maker JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 billion war chest for the same, a top company official said on Thursday.

JSW keen to snap up stressed assets, to create $1-billion war chest

Leading alloy maker JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 billion war chest for the same, a top company official said on Thursday.
Moneycontrol Business News

JSW keen to snap up stressed assets, to create $1-billion war chest

Leading alloy maker JSW Steel is evaluating stressed steel assets for acquisitions and has secured shareholders approval to create a USD 1 billion war chest for the same, a top company official said on Thursday.

GUVNL vets proposals to take over imported-coal power plants

In a desperate measure, these companies had even offered GUVNL to take over majority stake in these power plants at a token consideration of Re 1 only.
Moneycontrol Business News

GUVNL vets proposals to take over imported-coal power plants

In a desperate measure, these companies had even offered GUVNL to take over majority stake in these power plants at a token consideration of Re 1 only.

GUVNL vets proposals to take over imported-coal power plants

In a desperate measure, these companies had even offered GUVNL to take over majority stake in these power plants at a token consideration of Re 1 only.
Moneycontrol Business News

GUVNL vets proposals to take over imported-coal power plants

In a desperate measure, these companies had even offered GUVNL to take over majority stake in these power plants at a token consideration of Re 1 only.

Moscow prepares to extend food ban in response to EU sanctions

The Russian government wants to prolong countermeasures on the European Union for another 18 months, said Russia’s Prime Minister Dmitry Medvedev. His statement comes a day after the EU extended its anti-Russia economic sanctions. Read Full Article at RT.co
RT Business

Moscow prepares to extend food ban in response to EU sanctions

The Russian government wants to prolong countermeasures on the European Union for another 18 months, said Russia’s Prime Minister Dmitry Medvedev. His statement comes a day after the EU extended its anti-Russia economic sanctions. Read Full Article at RT.com

Tamil Nadu to set up Rs 2,350 crore solar photovoltaic power park

Chief Minister K Palaniswami made suo motu announcements using rnTamil Nadu Assembly rule No 110, often used by former Chief Minister Jayalalithaa to spell out her government#39;s various initiatives and measures.
Moneycontrol Business News

Tamil Nadu to set up Rs 2,350 crore solar photovoltaic power park

Chief Minister K Palaniswami made suo motu announcements using rnTamil Nadu Assembly rule No 110, often used by former Chief Minister Jayalalithaa to spell out her government#39;s various initiatives and measures.

OnePlus 5 now the highest revenue-grossing smartphone on Amazon.in

The platform witnessed over three times growth in the first week of OnePlus 5 sales as compared to the brand’s previous flagship smartphone, OnePlus 3T.
Moneycontrol Business News

OnePlus 5 now the highest revenue-grossing smartphone on Amazon.in

The platform witnessed over three times growth in the first week of OnePlus 5 sales as compared to the brand’s previous flagship smartphone, OnePlus 3T.

Unincorporated units contribute Rs 11.5 lakh crore to economy

As many as 6.34 crore unincorporated non-agriculture enterprises excluding construction sector, have contributed Rs 11.52 lakh crore to the economy and provided employment to 11.13 crore in 2015-16.
Moneycontrol Business News

Unincorporated units contribute Rs 11.5 lakh crore to economy

As many as 6.34 crore unincorporated non-agriculture enterprises excluding construction sector, have contributed Rs 11.52 lakh crore to the economy and provided employment to 11.13 crore in 2015-16.

ICRA predicts 6% fall in telecom industry revenue in FY18

Presenting the grim picture for the debt-ridden industry and flagging potential "risk", ICRA said that the roll out of GST will further compound the woes for telcos.
Moneycontrol Business News

ICRA predicts 6% fall in telecom industry revenue in FY18

Presenting the grim picture for the debt-ridden industry and flagging potential "risk", ICRA said that the roll out of GST will further compound the woes for telcos.

Amfi sees AUM crossing Rs 94 trillion by 2025

The industry lobby Amfi has pointed out that to achieve this, the industry needs to increase their distributor strength to over 6 lakh from the present 86,000.
Moneycontrol Business News

Amfi sees AUM crossing Rs 94 trillion by 2025

The industry lobby Amfi has pointed out that to achieve this, the industry needs to increase their distributor strength to over 6 lakh from the present 86,000.

Telecom mergers are good for tower biz in long-run: Bharti Infratel

Bharti Infratel has said that telecom consolidation, particularly the Vodafone-Idea merger, will lead to short-term rationalisation in tenancies.
Moneycontrol Business News

Telecom mergers are good for tower biz in long-run: Bharti Infratel

Bharti Infratel has said that telecom consolidation, particularly the Vodafone-Idea merger, will lead to short-term rationalisation in tenancies.

Chinese oil major stops fuel exports to North Korea

Chinese national oil corporation CNPC has ceased fuel sales to isolated North Korea, Reuters reports. Beijing is worried Pyongyang will not pay for the fuel, according to the news agency. Read Full Article at RT.com
RT Business

Chinese oil major stops fuel exports to North Korea

Chinese national oil corporation CNPC has ceased fuel sales to isolated North Korea, Reuters reports. Beijing is worried Pyongyang will not pay for the fuel, according to the news agency. Read Full Article at RT.com

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