Home -> News -> Business (page 5)

Business

India capable of making world class products : Havells India

NEEMRANA: Competition from cheap Chinese imports in the electrical goods sector is diminishing as domestic firms are now making world class products, said Havells India. Domestic companies have shown that “India has the capacity to build world class products,” said Havells India Chairman Anil Rai Gupta. “Now we are offering quality products at competitive prices …here return on capital and ...

Read More »

Modi woos French businesses with ‘Make in India’ initiative

France today called India a “bright spot” in global economy, as Prime Minister Narendra Modi used his ‘Make in India’ initiative to invite top French businesses to invest in the country, particularly in the areas of defence and infrastructure. “The Prime Minister said he accords highest interest to the ‘Make in India’ in defence… What the French companies can do ...

Read More »

Rupee gains 9 paise against dollar in early trade

The rupee strengthened by nine paise at 62.15 against the US dollar in early trade today at the Interbank Foreign Exchange after rating agency Moody’s upgraded India’s outlook from stable to positive. Besides, selling of the American currency by exporters and banks and a higher opening in domestic stock market supported the rupee but the dollar’s strength against other currencies ...

Read More »

Fund raising via QIP hit 5-yr high at over Rs 28000 cr in FY15

Fund raising via qualified institutional placements (QIP) hit a five-year high of over Rs 28,000 crore in 2014-15, indicating increased interest among domestic firms to mop-up capital via this route. QIP is a capital-raising tool, whereby a listed firm can issue equity shares, fully and partly convertible debentures, or any securities other than warrants, which are convertible to equity shares ...

Read More »

Adlabs Ent pare losses; shares end in green on debut

Mumbai, Apr 6 (PTI) Paring its initial losses, theme park operator Adlabs Entertainment ended 7 per cent higher than the issue price of Rs 180 on its first day of trading. Shares of the company ended at Rs 191.25, reflecting a gain of 6.25 per cent over the issue price on BSE. Earlier, the stock had listed at Rs 167.95, ...

Read More »

Sensex rises 244 pts ahead of RBI meet; Sun Pharma surges 8 pc

Mumbai, Apr 6 (PTI) The benchmark BSE Sensex today rose by over 244 points to settle the day at 28,504.46, ahead of the RBI’s monetary policy review tomorrow, mainly driven by strong rally in healthcare and realty stocks. Brokers said sustained buying by participants to enlarge their portfolios ahead of the RBI’s bi-monthly policy and appreciating rupee against the dollar ...

Read More »

Govt mulls steps to encourage use of Jan Dhan accounts

New Delhi, Apr 5 (PTI) Having opened over 12 crore Jan Dhan bank accounts under its flagship financial inclusion programme, the government is now mulling over ways to step up the utilisation of these accounts, including through POS transactions and the Business Correspondents. A meeting has been called by the Finance Ministry on Tuesday, April 7, of representatives from public ...

Read More »

Swedish firm Saab eyes airport safety systems biz

New Delhi, Apr 2 (PTI) Swedish defence and civil security firm Saab is looking at airport safety systems as a business opportunity in India. Anna Johansson, Sweden’s Minister for Infrastructure told PTI, “Saab is keen to develop sophisticated system for airport safety, which I know they are interested in coming into India with.” The government has invited applications from local ...

Read More »

RBI should use Indian paper, ink to print currency: Modi

Mumbai, Apr 2 (PTI) Indian Prime Minister Narendra Modi wants the Reserve Bank to use Indian paper and ink to print currency notes and set a target date for achieving the objective as part of the ‘Make In India’ campaign. “Today we are celebrating 80 years of RBI. Can we not fix a date…that on any specific date, whatever currency ...

Read More »

Hinduja Group expanding in defence sector in big way: Gopi

Global conglomerate Hinduja Group is making a foray into the defence sector in a “big way” and may soon add it as their 11th autonomous business to “strengthen India’s self-security”. The London-based Hinduja group has the ability to manufacture parts that might be needed in the field of defence equipment, NRI industrialist and Co-Chairman Gopi Hinduja said. “We are expanding ...

Read More »