JSW Energy to raise Rs 500 cr via bonds

JSW Energy's finance panel gave its go-ahead to Rs 500-crore bond issuance programme, reported PTI. The board of directors had approved the raising of funds through the issuance of bonds/redeemable non-convertible debentures by way of a private placement and had authorised the the company's Finance Committee to decide on all matters relating to that, JSW Energy said in statement.

Reliance jio to implement efficient telecom network in India

Reliance Industries has said that Jio is committed to implementing the most efficient telecommunications network in India and passing on the benefits of technology to Indian customers. Jio offers free voice services to all its customers backed by a superior technology and has helped make India the world’s largest mobile data consuming country within one year of commencement of services.

Nifty, Sensex fall; ICICI Bank top drag

By Jessica Kuruthukulangara

Indian shares fell on Thursday, dragged down largely by banks including ICICI Bank as investors booked profits a day after the U.S. Federal Reserve signalled one more rate hike by the end of this year.

The Fed held interest rates steady and announced a plan to start shrinking its balance sheet by reducing its holdings of U.S. Treasury bonds and mo

Maharashtra to start cane crush Nov. 1 - government sources

MUMBAI  - Millers in India's Maharashtra state will start crushing sugarcane from Nov. 1 as heavy rain over the last few days has made it difficult to bring operations forward as hoped, two government officials said on Wednesday.

The federal government wanted millers in Maharashtra, the country's second-biggest sugar producing state, to advance crushing t

Reliance Home Finance to list on Friday

Reliance Capital Ltd, part of the Anil D. Ambani-led Reliance Group, on Wednesday said the listing of Reliance Home Finance Ltd is scheduled on Friday at the bourses.

In a statement issued here, the company said the listing of Reliance Home Finance is scheduled on September 22, 2017, at BSE Ltd and National Stock Exchange of India Ltd (NSE).

"All Shareholders of Relianc

NBCC to launch 1,000 flats for sale during festival

State-owned construction firm NBCC will launch about 1,000 flats for sale in this festival season and is in discussion with the government to develop affordable housing projects on surplus land with PSUs. The company is also in talks with the government for developing islands in Andaman and Nicobar and Lakshadweep, its Chairman and Managing Director Anoop Kumar Mittal said. "We have been a

NTPC wins Bhubaneswar round of Tata Crucible Corporate Quiz

National Thermal Power Corporation Ltd has emerged the winner of the Bhubaneswar regional round of Tata Crucible Corporate Quiz, 2017. Around 50 teams from prominent corporate houses across the state capital participated in the quiz, which will traverse 25 cities in India, a Tata Group release said. Chandan Shahi and Sujit Varkey of NTPC will compete with winning teams from five cities in the z

Tata Steel, thyssenkrupp sign MoU to form European steel major

  Tata Steel Ltd and German major thyssenkrupp AG have signed a memorandum of understanding (MoU) to create a 50:50 joint venture by combining the flat steel businesses of the two companies in Europe and steel mill services of the German company, a top company official said here on Wednesday.

The proposed 50:50 joint venture -- "thyssenkrupp Tata Steel" -- would be focu

Exclusive: Reliance plans major expansion at world's largest oil refinery complex

By Promit Mukherjee and Nidhi Verma

MUMBAI/NEW DELHI  - The Reliance Industries, operator of the world's largest refining complex, is considering expanding its oil processing capacity by over 40 percent by 2030, according to two sources familiar with the matter.

Reliance may expand the capacity at its dual refinery complex in Jamnagar in Gujarat by

Equities close with marginal losses; auto stocks top laggards

Key Indian equity indices provisionally closed on a flat note -- marginally in the red -- on Wednesday as investors booked profits in automobile, consumer durables and banking stocks.

According to market observers, caution ahead of the US Federal Open Market Committee policy meet outcome Wednesday evening (India time), along with a weak rupee, hampered the risk-taking appetite of inve

Sun Pharma’s arm bags approval for new label for Odomzo

Sun Pharmaceutical Industries Ltd. has said that one of its wholly owned subsidiaries has received approval from the US Food and Drug Administration (FDA) for a new label for Odomzo® (sonidegib), an oral hedgehog inhibitor indicated for the treatment of patients with locally advanced basal cell carcinoma (laBCC) that has recurred following surgery or radiation therapy, or those who are not

Glenmark bags approval for Nitroglycerin Sublingual tablets

Leading pharma major, Glenmark Pharmaceuticals has said that it has been granted final approval by the United States Food & Drug Administration (U.S. FDA) for Nitroglycerin Sublingual Tablets USP, 0.3 mg, 0.4 mg, and 0.6 mg, the generic version of Nitrostat® Sublingual Tablets, 0.3 mg, 0.4 mg, and 0.6 mg, of Pfizer, Inc.

According to IMS Health sales data for the 12 month peri

Surya Roshni bags orders worth Rs 48.60 crore

Surya Roshni said that it has bagged orders through competitive e-bidding for LED Luminaire and LED Street Lights amounted to Rs 48.60 crore. The order includes the supply of LEDs Luminaire in United Kingdom and under all India SLNP (Street light National Program) for Rajastjan, Telangana and Gujarat from Energy Efficiency Services (EESL).

The orders include 5.24 lakh LED Luminaire an

MSR India gets order worth Rs 6.88 lakh

MSR India said that it has bagged a purchase order of 1200, 1 liter copper bottles worth Rs 6.88 lakh from National Payments Corporation of India (Government of India). Recently, the company had bagged an order worth Rs 2 crore from Silicon CNC profiles on behalf of Bharath Dynamics, Government of India.

MSR India has innovative concepts and manufacturing products with unique features

Grasim bags USDA biobased certification for fibres

Grasim Industries said that it has been awarded the US Department of Agriculture (USDA) certified biobased product label for its dope dyed fibres- Birla Spunshades. Utilising renewable, bio-based materials displaces the need for non-renewable petroleum based chemicals, the company said in a filing to the Bombay Stock Exchange.

Biobased products, through petroleum displacement, have pl

PGCIL board approves Rs 198.50 cr for Baharampur unit

State-run electric utilities company Power Grid Corporation of India on Wednesday said its board has approved investment worth Rs 198.49 crore for Baharampur (POWERGRID) –Bheramara, Bangladesh.

“The POWERGRID boards of directors in their meeting on September 19, 2017, have accorded investment approval for Baharampur (POWERGRID) –Bheramara, Bangladesh 2nd 400kV D/c Tr

GIPCL bags 75 MW solar power projects from GUVNL

Gujarat Industries Power Company (GIPCL) said that it has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL).

“GIPCL has emerged as one of the successful Bidders for the 75 MW Solar Power Project in the e-reverse auction conducted by Gujarat Urja Vikas Nigam (GUVNL) on September 19, 20

Reliance Communications welcomes TRAI decision to slash IUC

Reliance Communications on Wednesday welcomed the Indian telecom regulator's decision to slash interconnection usage charges (IUC) to 6 paise.

"We welcome the reduction in IUC to 6 paise by TRAI. We also welcome the Bill & Keep model, to be effective from January 2020. The IUC cut has already been delayed by three years. With voice calling becoming free, TRAI's move w

Hitachi launches new digital solutions firm Vantara

Global tech major Hitachi Ltd on Wednesday launched a new company Hitachi Vantara to deliver data-driven solutions for commercial and industrial enterprises.

Headquartered at Santa Clara, California, Hitachi Vantara will unify the operations of Hitachi Data Systems, Hitachi Insight Group and Pentaho into a single integrated business.

"We are unifying our strongest digit

Cloud-driven Adobe reports $1.84 bn revenue in Q3

Riding on its unique Cloud offerings, Adobe achieved a record quarterly revenue of $1.84 billion in its third quarter of 2017, which represents 26 percent year-over-year (y-o-y) revenue growth.

Adobe Experience Cloud achieved revenue of $508 million, the company said in a statement on Wednesday.

"Adobe delivered another record quarter with stellar year-over-year revenue

Diageo says Indian highway liquor ban to hurt sales

Diageo, the maker of Johnnie Walker whiskey and Smirnoff vodka, expects its first-half sales growth to suffer from the timing of Chinese New Year and a ban on selling alcohol near Indian highways, the British company said on Wednesday.

India's top court banned liquor outlets within 500 metres of national and state highways in April, in a move that was expected to hit revenue for l

ONGC strikes `good` offshore oil, gas find - sources

By Nidhi Verma

NEW DELHI - The latest discovery of India's largest oil explorer, Oil and Natural Gas Corp, to the west of its Mumbai High offshore fields is estimated to hold in-place reserves of about 20 million tonnes, sources with knowledge of the matter said.

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million

NALCO signs pact with HCL, MECL for strategic minerals

NALCO has said that it has signed has signed an MoU along with HCL and MECL, to make the country self-reliant in the areas of 12 strategic minerals that are either not available in the country or not available in the desired quantity.

Dr. Tapan Kumar Chand, CMD, NALCO, Shri Santosh Sharma, CMD, HCL and Dr. Gopal Dhawan, CMD MECL signed the MoU at the Corporate Office of NALCO in Bhuba

Asia firms' sentiment slips on geo-political tensions: Thomson Reuters/INSEAD survey

By Suvashree Choudhury

MUMBAI - Business confidence among Asian companies fell for the first time in three quarters in July-September as escalating geo-political tensions outweighed an improved performance by most economies in the region, a Thomson Reuters/INSEAD survey showed.

The Thomson Reuters/INSEAD Asian Business Sentiment Index,, representing the six-

20/09/2017 9:51:38 AM | Posted in Special Event Reports read full news
Equities trade flat on global cues, weak rupee

Key Indian equity indices traded on a flat note during the mid-afternoon session on Wednesday as investors remained cautious ahead of the US Federal Open Market Committee policy meet outcome.

The outcome of the two-day US Federal Reserve meeting is slated for later in the evening (India time).

Besides, escalating geo-political tensions related to the Korean peninsula along w