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Last updated: 05 Sep, 2017  
 Industry News

PNB stocks surge over 4% after Nirav Modi's arrest
SME Times News Bureau | 20 Mar, 2019
The Punjab National Bank (PNB) stock surged over 4 per cent on Wednesday following the arrest in the UK of Nirav Modi, who is accused in the Rs 13,500- crore PNB fraud case reported last year.
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Mindtree board defers decision on buyback of shares
SME Times News Bureau | 20 Mar, 2019
IT services firm Mindtree's board on Wednesday deferred its decision on the proposed buyback of shares to a later unspecified date.
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SBI to auction NPA assets worth Rs 6,169 cr in March
SME Times News Bureau | 20 Mar, 2019
The State Bank of India will auction non-performing assets (NPAs) amounting to Rs 6,169 crore in the next 10 days to recover its dues from various defaulting business outfits.
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'Limited downside to L&T's valuation in takeover'
IANS | 20 Mar, 2019
A report on Tuesday said it sees limited downside to diversified conglomerate Larsen and Toubro's (L&T) valuation in its hostile bid to take controlling stake in leading IT services firm Mindtree.
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'Rating IDBI Bank as private is against public interest'
IANS | 20 Mar, 2019
The All India Bank Employees' Association (AIBEA) has demanded the Reserve Bank of India (RBI) to reconsider its decision to categorise IDBI Bank as a private entity.
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India tech market to grow 8% in 2019: Forrester
IANS | 20 Mar, 2019
India is the fastest-growing country for tech spending in Asia Pacific, increasing by 8 per cent in 2019 and by 7 per cent in 2020, according to a new report from global market research firm Forrester.
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Kerala firm bags contract to build Manipur airport
SME Times News Bureau | 19 Mar, 2019
State-owned KITCO Ltd has bagged the project management consultancy (PMC) contract from Airports Authority of India (AAI) for setting up a new Rs 600 crore integrated terminal building at Imphal International Airport, an official said on Tuesday.
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Companies betting on rural demand to grow: Report
SME Times News Bureau | 19 Mar, 2019
A brokerage report on consumers and their consumption patterns on Tuesday said that consumption in central Indian rural states and Odisha is growing fast and that it favours companies with reach in both urban as well as rural India.
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RCOM stocks jump 10% after it pays dues to Ericsson
SME Times News Bureau | 19 Mar, 2019
Shares of Anil Dhirubhai Ambani-led Reliance Communication (RCOM) settled 10 per cent higher on Tuesday after it paid the due amount of Rs 580 crore to Ericsson on Monday.
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Xiaomi India launches 7th plant, Redmi Go
SME Times News Bureau | 19 Mar, 2019
Chinese smartphone maker Xiaomi on Tuesday announced a new manufacturing plant in Tamil Nadu, making it the company's seventh such plant in the country.
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