India expected to be among top performing wealth markets: Report

With he global wealth expected to rise by 35 per cent over the next decade, India is likely to remain among the top performing wealth markets along with China, Mauritius, Sri Lanka and Vietnam, a report said on Wednesday.

The report titled 'The 2017 Global Wealth Review' lists global wealth and its migration trends over the past year (2016), with projections up to 2026. <

Global cues push equities markets higher

Positive global cues, coupled with a strengthened rupee, pushed the Indian equities markets higher on Wednesday.

Besides, an exponential rise in Reliance Industries Ltd (RIL) stocks, a day after Reliance Jio announced its tariff plans, buoyed investors sentiments. 

However, caution prevailed ahead of the release of minutes of the US Fed's Federal Open Market Committ

Indian Oil makes rare offer of jet fuel for March export

SINGAPORE - Indian Oil Corp has offered up to 32,000 tonnes of aviation jet fuel for loading from Paradip in March in an unusual move, a tender document showed on Wednesday.

It has offered two cargoes of 15,000 to 16,000 tonnes each of jet fuel for loading from Paradip's south oil jetty over March 13 to 14 and March 24 to 25.

The tender closes

Tata Elxsi partners with NOS to accelerate RDK deployment

Tata Elxsi said that it has partnered with NOS, the biggest communications and entertainment group in Portugal, to accelerate RDK deployment by leveraging Tata Elxsi’s deep expertise and off-the-shelf solutions for RDK rollout.

Tata Elxsi works with leading operators across globe on DevOps transformation, helping them with strategy, consulting, execution - along with implementat

Tata Consultancy Services named title sponsor of Japanese Super Formula team

Tata Consultancy Services (TCS), the country’s largest software exporter, on Wednesday said that it has been named the title sponsor for team Nakajima Racing in the Japanese Super Formula Championship 2017 series.

“TCS will look to contribute as technology partner to TCS Nakajima Racing, leveraging its wealth of knowledge and technical expertise in the field of IT,”

Minda Industries enters into JV with Japan`s Katolec Corp

Minda Industries, a leading manufacturer of Automotive Security, on Wednesday said it has entered into joint venture agreement with Japanese firm Katolec Corporation to manufacture the products including high end electronics like Printed Circuit Boards (PCB) and Box Build Assemblies.

“The company on February 22, 2017 has signed the joint venture agreement with Katolec Corporatio

Coal India Ltd board to consider dividend payout next month

State-run Coal India said that its board will next month consider payment of interim dividend for the ongoing fiscal. "A meeting of board of directors of the company will be held on March 6 inter alia to consider payment of interim dividend, if any, for the year 2016-17," CIL said in a filing to BSE.

The company has fixed March 15 as the record date for the purpose of paymen

Ramco Systems bags order from Allegis Group Australia

Ramco Systems Ltd said that it has bagged a multi-million dollar Cloud deal (about USD 2.5 million) from Allegis Group Australia Pty Ltd for Ramco ERP. Th

e order entails Services Resource Planning (SRP), Human Capital Management (HCM) & Payroll to be implemented across 8 Countries including India, Singapore, Malaysia, China, Hong Kong, Japan, Australia and New Zealand covering 70

Dr Reddy`s Miryalaguda facility gets 3 USFDA observations

Dr Reddy's Laboratories said the US health regulator has made three observations after completing inspection of its Miryalaguda facility, reported PTI.

"The audit of the company's Active Pharmaceutical Ingredients (API) manufacturing plant at Miryalaguda, by the United States Food and Drug Administration (USFDA), has been completed on February 21, 2017," Dr Reddy'

Reliance Industries shares surge to 7-1/2-year high on plans for Jio

Shares of Reliance Industries Ltd rose as much as 7.7 percent to a more than seven-and-a-half-year high, as investors welcomed plans by the company's Jio telecom unit to start charging for its services, albeit at discounted rates.

The gains came after Reliance Jio Infocomm owner Mukesh Ambani unveiled on Tuesday a special plan that would provide customers signing up by the en

Power Grid bags 765kV transmission proj in eastern region

Power Grid Corp said that it has bagged a 765kV transmission project in the eastern region in a competitive bidding conducted by PFC Consulting, an arm of Power Finance Corp. According to the bid document, the project includes setting up of 765/400kV, 2x1500MVA substations at Medinipur and establishment of 765/400kV, 2x1500MVA substations at Jeerat, West Bengal.

"PowerGrid has be

HDFC Bank allots 1793900 equity shares

HDFC Bank Ltd said that it has allotted 1793900 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS).

“The Bank on February 22, 2017 has allotted 1793900 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Schemes (ESOS),” the Bank said in a filin

`Indian electronics` market to be $228 bn in 2020`

India's booming electronics' market is projected to more than double to $228 billion in three more years from over $100 billion in fiscal 2016-17, said the industry's trade body on Tuesday.

"India's ESDM (Electronics System, Design & Manufacturing) sector is poised to reach $228 billion by 2020 from $100 billion in 2016-17, growing at 16-23 per cent annually,&

Tata Chemical`s Haldia plant to remain shut for maintenance

Tata Chemicals has said that its Haldia plant will remain shut from 21st February, 2017 to 15th April, 2017 on account of ammonia pipeline relocating project hook up and commissioning, along with annual shutdown of the plant for planned repair and maintenance work.

The company had earlier informed the exchanges that it had signed an MOU with Sanjana Cryogenics Storage Ltd (SCSL), its

Positive global cues, healthy buying lift Indian equities

Positive Asian indices, coupled with a marginally strong rupee and healthy buying in the oil and gas sector, lifted the Indian equities markets during the mid-afternoon trade session on Wednesday.

However, caution prevailed ahead of derivatives expiry which will take place on Thursday, February 23.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) rose by 21.20 p

Castrol India's Q4 net profit up 11%

 Automotive and industrial lubricant manufacturer Castrol India on Tuesday reported a rise of 10.7 per cent in its net profit for the quarter ended December 31, 2016.

The company informed the BSE that its net profit during the quarter under review increased to Rs 155.8 crore from Rs 140.8 crore. 

On the contrary, the automotive and industrial lubricant manufacturer

Tata Steel Kalinganagar hot metal production crosses 2 MT mark

Tata Steel Kalinganagar, the largest greenfield steel plant in Odisha said that hot metal production at its blast furnace crossed 2 million tonne on February 19. The plant, which boasts of the largest operating blast furnace of the country with 4,330 cubic metre capacity, was blown in on February 28 last year.

The blast furnace achieved the first million tonne production of hot metal

IDBI Bank to divest non-core investments

The Board of Directors of IDBI Bank on Tuesday approved sale of the bank's non-core investments.

In a regulatory filing in BSE, the bank said its Board has approved in-principle a proposal to divest some of its non-core investments subject to compliance with all applicable laws and regulations and subject to final approval to be obtained for each transaction by Delegated Authority

Tata Sons' new chairman to focus on shareholder returns, capital allocation

NEW DELHI  - Tata Sons, the holding company of the $100-billion Tata group, will focus on boosting shareholder returns and tightening capital allocation rules, newly-appointed chairman Natarajan Chandrasekaran said in a statement on Tuesday.

Chandrasekaran, widely known as Chandra, took over as chairman on Tuesday, months after the firm ousted predecessor Cyrus M

Reliance Jio racks up 100 million subscribers but ends freebies

By Sankalp Phartiyal and Devidutta Tripathy

MUMBAI - Reliance Industries' Jio telecoms unit will charge for its services from April, ending an almost seven month spree of free calls and data that shook up India's telecoms sector and helped the new arrival rack up more than 100 million users.

The shift to paid services, even at a sharp discount t

Fresh buying support lifts Indian equities

Indian equities markets on Tuesday provisionally closed in the green to touch new 2017 highs, as healthy buying was witnessed in consumer durables, banking and oil and gas stocks.

Besides, announcement of major buy back of shares by an IT major buoyed investors' sentiments. 

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 22.75 points or 0.

Maruti Suzuki India sets up 4th water ATM in Manesar

Maruti Suzuki India (MSI) said it has inaugurated its fourth drinking water project at Bas Hariya village, Manesar, reported PTI. The water ATM set up by the car maker has a capacity to generate 1,000 litres of purified water per hour. "With this fourth community drinking water plant in Manesar, the company will be generating and supplying a total of 96,000 litres of pure drinking water, b

Reliance Jio to offer discounted prices to customers from April 1

MUMBAI - Reliance Industries'  Jio telecoms unit will start charging customers from April 1, but will offer sharply discounted prices for a year to those who sign up by the end of March, Chairman Mukesh Ambani said on Tuesday.

Customers who sign up by March 31 will be able to use unlimited data and voice services for a year at 303 rupees ($4.52) a month under

Mukesh Ambani expected to say Reliance Jio hit 100 million subscribers - source

MUMBAI  - India's richest man Mukesh Ambani is likely to announce on Tuesday that Reliance Industries' has reached its targeted 100 million subscribers on its Jio telecom unit, a source familiar with the matter said.

Ambani could also make additional announcements, the source added without giving details, when he starts speaking at 1330 India time (0800 GMT). The speech w

Infosys refutes whistleblower's charges on Panaya deal

Global software major Infosys on Monday refuted charges by an anonymous whistleblower, who alleged that its executives had personal interests in buying the US-based Panaya firm for $200 million in February 2015.

"We refute the allegations made in the anonymous whistleblower letter. The assertions are libellous and aimed at tarnishing the company's image and its management,&qu