The auto companys sales of passenger vehicles in the domestic market slipped 19.6% at 131,385 units as against 163,434 units in same month previous year.
from India Infoline News Service http://bit.ly/2LbZbVz
Tuesday, April 30, 2019
NSE to pay Rs1,000cr in co-location case: SEBI order
The media report said that the capital markets regulator has ordered the exchange to disgorge around Rs1,000cr that is, Rs624.89cr plus 12% interest from April 01, 2014 for its alleged failure to exercise proper due diligence while offering co-location facility thereby affecting market fairness and integrity.
from India Infoline News Service http://bit.ly/2LgYWsn
from India Infoline News Service http://bit.ly/2LgYWsn
More airfare shocks ahead as jet fuel price raised
Airfares have been high ever since Jet reduced flights from earlier this year and then shot up tremendously after it suspended operations on April 17. The government has requested other airlines to augment capacity to help bring fares down from runaway levels.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2WiLSUv
SBI's new rules for savings accounts: Key points
Earlier in March, the SBI had announced that it will be linking its savings deposits rates and short-term loans to the RBI's repo rate from May 1 with an aim to ensure faster monetary transmission. The bank further said all cash credit accounts and overdrafts with limits above Rs 1 lakh will also be linked to the benchmark policy rate, plus a spread of 2.25 per cent.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Y1ylBl
Political funding: Cognizant opposes more transparency
Shareholders James McRitchie and Myra K Young intend to submit a resolution to make comprehensive disclosures on policies and procedures that support transparency and accountability in corporate electoral spending or referendum.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2J75aIL
Delta to resume Mumbai-New York JFK nonstop after a decade from December 22
US carrier Delta will resume Mumbai-New York JFK nonstop from December 22. Delta first started this route in 2006 but stopped the same in 2009 “as illegally subsidized Middle East carriers made the route untenable.” Since then, United is the only US carrier to fly to India. Among Indian carriers, only Air India flies to US with over 30 weekly nonstops.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Wbavm1
FY20 GDP growth revised downwards to 7.3%: India Ratings
Inability to bring the stuck capital back into the production process will have implications for investment recovery, believes India Ratings and Research.
from India Infoline News Service http://bit.ly/2XVUZL9
from India Infoline News Service http://bit.ly/2XVUZL9
Eric Schmidt leaves Google board, ending an era
Mr. Schmidt was on the board for more than 18 years, joining in March 2001.
from The Hindu - Industry http://bit.ly/2PE6eFi
from The Hindu - Industry http://bit.ly/2PE6eFi
RCom to begin insolvency process
As bidder, Jio tipped to have an edge
from The Hindu - Industry http://bit.ly/2GJh7l6
from The Hindu - Industry http://bit.ly/2GJh7l6
NSE fined ₹1,000 crore in co-location case
SEBI bars bourse from accessing securities market for 6 months; says actions affected market fairness
from The Hindu - Industry http://bit.ly/2GKIT0B
from The Hindu - Industry http://bit.ly/2GKIT0B
India apprehensive Iran sanctions could boost oil, inflation
Trump's sanctions on Iran are intended to curb its nuclear and ballistic missile programme and reduce its influence in Syria, Yemen and other countries in the Middle East.from Economy-News-Economic Times http://bit.ly/2V5blnP
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How brokers used NSE’s system to make fast buck
These servers are the heart of any exchange’s trading system. Brokers always try to have the fastest access to trading engines so that they can have the price information ahead of the competition, execute order before other brokers can do so and profit from the same. Hence, they try to place their own own servers closest to the exchange’s trading engines. Even a time difference of one thousandth of a second can lead to profit or loss worth crores of rupees.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GQABV7
Eric Schmidt leaves Google board, ending an era
Eric Schmidt, who has been the chief of the internet giant for a decade, will leave Google board in June when his term expires and won't be seeking re-election. He will continue to advise on technical matters, according to Alphabet, which is Google's parent company. Google founders Larry Page and Sergey Brin recruited the proven businessman and skilled engineer in 2001.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GLSy72
Sensex, Nifty to remain shut today on account of Maharashtra Day
There will be no trading in Indian bonds and currency markets on May 1 on account of Maharashtra Day.
from India Infoline News Service http://bit.ly/2ZP1Ec6
from India Infoline News Service http://bit.ly/2ZP1Ec6
Indias March eight core industries output rises 4.7%
The Eight core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP).
from India Infoline News Service http://bit.ly/2UTIrSV
from India Infoline News Service http://bit.ly/2UTIrSV
Inflation: Mirage or monster?
Inflation as measured by the Consumer Price Index is below the government set target of 4% for 8 months in a row despite volatile crude oil prices and not so sufficient rains in many parts of the country.from Economy-News-Economic Times http://bit.ly/2ZIAcN3
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Enforcement Directorate quizzes Rajiv Kochhar for third day in row
ICICI loans case: Probe follows anonymous letter alleging kickbacks received by Rajiv’s 2 Singapore-based firms.from Banking/Finance-Industry-Economic Times http://bit.ly/2IRh8a2
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Banking
ICICI loans case: Probe follows anonymous letter alleging kickbacks received by Rajiv’s 2 Singapore-based firms.from Banking/Finance-Industry-Economic Times http://bit.ly/2IRh8a2
Banking
The board said it had found the two firms failed to issue warnings about shortcomings while auditing the books of IL&FS Financial Services, a subsidiary of IL&FS.from Banking/Finance-Industry-Economic Times http://bit.ly/2UUrc3v
IL&FS board seeks punitive action against Deloitte, BSR
The board said it had found the two firms failed to issue warnings about shortcomings while auditing the books of IL&FS Financial Services, a subsidiary of IL&FS.from Banking/Finance-Industry-Economic Times http://bit.ly/2UUrc3v
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Facebook redesigns app, rolls out dating service to 14 more countries
from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Y0zeKr
Banking
L&T Finance, Piramal Capital Housing, Bajaj Finance declined to comment on the matter. An email sent to Hero FinCorp remained unanswered.from Banking/Finance-Industry-Economic Times http://bit.ly/2GTldsb
NBFCs aim to tap overseas loan market raising $200-400 million each
L&T Finance, Piramal Capital Housing, Bajaj Finance declined to comment on the matter. An email sent to Hero FinCorp remained unanswered.from Banking/Finance-Industry-Economic Times http://bit.ly/2GTldsb
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Off the mark: on Telangana Intermediate exam fiasco
The Telangana exam fiasco necessitates a fresh review of all the papers
from The Hindu - Editorial http://bit.ly/2J6lCJa
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from The Hindu - Editorial http://bit.ly/2J6lCJa
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Transparency road: on India-China relations
India and China should be guided by the Wuhan spirit, and not by differences over BRI
from The Hindu - Editorial http://bit.ly/2IRq9jg
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from The Hindu - Editorial http://bit.ly/2IRq9jg
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View: Uncle Sam won’t give Mother India a pass forever
It isn’t the first time India is collateral damage in America’s pursuit of life, liberty and happiness and it won’t be the last.from Economy-News-Economic Times http://bit.ly/2UQs0q7
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I-T Dept., GSTN to sign MoU for sharing data to prevent anomalies
Information on assessee’s status will be provided to GSTN
from The Hindu - Economy http://bit.ly/2GS0LI0
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from The Hindu - Economy http://bit.ly/2GS0LI0
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I-T Dept., GSTN to sign MoU for sharing data to prevent anomalies
Information on assessee’s status will be provided to GSTN
from The Hindu - Industry http://bit.ly/2GS0LI0
from The Hindu - Industry http://bit.ly/2GS0LI0
US Commerce Secretary Wilbur Ross to meet Suresh Prabhu on May 6
Issues such as withdrawal of GSP benefits by Washington are expected to come up for the discussion.from Economy-News-Economic Times http://bit.ly/2GWb3qR
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NSEL-FTIL merger: SC sets aside govt.’s decision
Violative of right to equality, says court
from The Hindu - Industry http://bit.ly/2XYOzuH
from The Hindu - Industry http://bit.ly/2XYOzuH
Bharti Airtel launches Wynk Tube music app
Streaming on same interface enabled
from The Hindu - Industry http://bit.ly/2PAJNAT
from The Hindu - Industry http://bit.ly/2PAJNAT
Amazon eyes $5 bn in exports from India
E-tailer clocks $1 billion in three years, records 56% growth in Indian e-com exporter count for 2018
from The Hindu - Industry http://bit.ly/2J4OpOd
from The Hindu - Industry http://bit.ly/2J4OpOd
TVS Motor Q4 net dips 19% on high input costs
Does not declare final dividend
from The Hindu - Industry http://bit.ly/2DGIvzl
from The Hindu - Industry http://bit.ly/2DGIvzl
Uday Kotak on challenges in financial sector, liquidity stress, IL&FS and more
Next six months are going to be very crucial in how India handles the challenges in financial sector.from Banking/Finance-Industry-Economic Times http://bit.ly/2PCR5Ec
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Banking
Next six months are going to be very crucial in how India handles the challenges in financial sector.from Banking/Finance-Industry-Economic Times http://bit.ly/2PCR5Ec
RBI releases data on ECB/FCCB/RDB for March 2019
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The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of March 2019. Shailaja Singh Press Release: 2018-2019/2571 |
from PRESS RELEASES FROM RBI http://bit.ly/2DGZW2K
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Government notifies taking over of NHB from RBI
The RBI has exited the NHB, thus making it a fully government-owned entity.from Economy-News-Economic Times http://bit.ly/2WcvjJH
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15th edition of Golden leaf India awards presented
Arun Kumar, convenor of the competition said Bombay Trading Corporation won five awards.from Economy-News-Economic Times http://bit.ly/2J4iBJu
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Infra sector growth improves to 4.7% in March
Natural gas, refinery products, fertiliser, steel and cement sectors recorded positive growth rates.
from The Hindu - Economy http://bit.ly/2UMxmD2
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from The Hindu - Economy http://bit.ly/2UMxmD2
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Infrastructure sector growth improves to 4.7% in March
The growth of eight core sectors improved marginally to 4.7 per cent in March 2019 against 4.5 per cent in the same month last year.For the full 2018-19 fiscal, the expansion rate of eight infrastructure sectors -- coal, crude oil, natural gas, refinery products, fertilisers, steel, cement and electricity -- remained flat at 4.3 per cent, official data released on Tuesday showed.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Lfl0Uf
Core sector growth improves to 4.7% in March
Coal generation growth was flat at 9.1 pet cent in March 2019. Natural gas, refinery products, fertiliser, steel and cement sectors recorded positive growth rates.from Economy-News-Economic Times http://bit.ly/2IOuwMd
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Sectoral Deployment of Bank Credit – March 2019
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Data on sectoral deployment of bank credit collected from select 41 scheduled commercial banks, accounting for about 90 per cent of the total non-food credit deployed by all scheduled commercial banks, for the month of March 2019 are set out in Statements I and II. Highlights of the sectoral deployment of bank credit are given below:
Shailaja Singh Press Release : 2018-2019/2570 |
from PRESS RELEASES FROM RBI http://bit.ly/2WgXFmf
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Vistara hires 100 pilots, 450 cabin crew from Jet Airways
Almost 100 pilots and 450 cabin crew members of Jet Airways have been hired by Vistara. This Tata Group-Singapore Airlines JV is also planning to induct some of Jet’s aircraft. The other Tata JV airline, AirAsia India, is also planning to take Jet’s Boeing 737s in its fleet.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2VEl6J9
Filatex India PAT rises 61.1% in Q4FY19
The companys revenue increased by 21.9% at Rs705.76cr in March quarter against Rs578.80cr logged in the same period last year.
from India Infoline News Service http://bit.ly/2DIxDBg
from India Infoline News Service http://bit.ly/2DIxDBg
European markets trade flat on Tuesday
The Stoxx Europe 600 nudged into the red, led by declines in telecommunication and mining shares, as futures on the S&P 500 also pointed to a soft open in New York.
from India Infoline News Service http://bit.ly/2W9hE6l
from India Infoline News Service http://bit.ly/2W9hE6l
Exide Industries PAT up 11% in Q4FY19; stock ends flat
Revenue of the company has increased by 6% to Rs2,598.7cr from Rs2,459.4cr over the corresponding quarter ended March 31, 2018.
from India Infoline News Service http://bit.ly/2DCUfDe
from India Infoline News Service http://bit.ly/2DCUfDe
Liquidity Adjustment Facility: Fixed Rate Repo Operations
from PRESS RELEASES FROM RBI http://bit.ly/2LdYnjg
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GST investigation arm finds Tata Starbucks guilty of profiteering Rs 4.51 crore
The GST investigative arm has found Tata Starbucks guilty of profiteering to the tune of Rs 4.51 crore by not reducing prices of coffee despite a cut in the rate. Investigation by the DGAP has revealed that Tata Starbucks, the equal joint venture between the Tata and global coffee chain Starbucks, had hiked the base price of one its coffee variant after the GST Council cut tax rates on restaurants from 18 per cent to 5 per cent with effect from November 15, 2017.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZLSbCc
Markets post sharp recovery; Yes Bank stock nosedives
Nifty Bank index underperformed the Nifty index as sharp selling was witnessed in Yes Bank, closing ~30% lower along with an addition of fresh short positions.
from India Infoline News Service http://bit.ly/2GIOYuu
from India Infoline News Service http://bit.ly/2GIOYuu
Nifty Auto index under pressure; Hero MotoCorp trades at 52-week low
Shares of Hero MotoCorp are trading at a 52-week low after the company reported a weak set of numbers, in-line with consensus estimates
from India Infoline News Service http://bit.ly/2ZMXocP
from India Infoline News Service http://bit.ly/2ZMXocP
Schaeffler India stock slips 1.5% as net profit declines in Q1CY19
Revenue increased by 8% to Rs1,172.3cr during Q1CY19 from Rs1083.5cr a year ago.
from India Infoline News Service http://bit.ly/2GSMhaT
from India Infoline News Service http://bit.ly/2GSMhaT
Navoi region of Uzbekistan rich in mining woos Indian business
The two-day event, organized by the regional administration, will take place in the Navoi Free Economic Zone.from Economy-News-Economic Times http://bit.ly/2ULihl6
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182-Days Treasury Bills - Auction Result: Cut off
from PRESS RELEASES FROM RBI http://bit.ly/2WitX0c
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364-Days Treasury Bills - Auction Result: Cut off
from PRESS RELEASES FROM RBI http://bit.ly/2DE4XJr
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91-Days Treasury Bills - Auction Result: Cut off
from PRESS RELEASES FROM RBI http://bit.ly/2WgiyOj
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Banking
Bharti AXA General Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, will sell the policies on the website of Wishfin's insurance arm Wishpolicy.from Banking/Finance-Industry-Economic Times http://bit.ly/2PATmjj
Bharti AXA General to sell two-wheeler policies via WhatsApp
Bharti AXA General Insurance, a joint venture between Bharti Enterprises and global insurance firm AXA, will sell the policies on the website of Wishfin's insurance arm Wishpolicy.from Banking/Finance-Industry-Economic Times http://bit.ly/2PATmjj
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Ness Wadia sentenced for drug possession in Japan
Ness Wadia, son of industrialist Nusli Wadia, has been sentenced for drugs possession while on a skiing holiday to Japan.Financial Times has reported
from The Hindu - Industry http://bit.ly/2vtFNZz
from The Hindu - Industry http://bit.ly/2vtFNZz
Schaeffler India stock slips 1.5% as net profit declines in Q4
Revenue increased by 8% to Rs1,172.3cr during the January-March quarter of the 2018-19 fiscal from Rs1083.5cr a year ago.
from India Infoline News Service http://bit.ly/2DG2ez9
from India Infoline News Service http://bit.ly/2DG2ez9
Godrej Properties Q4FY19 PAT at Rs156.66cr; stock slips 4%
Total income increased 125.70% to Rs1,203.21cr in Q4FY19 vs. Rs533.09cr in Q4FY18, on yoy basis.
from India Infoline News Service http://bit.ly/2GUsUhJ
from India Infoline News Service http://bit.ly/2GUsUhJ
ADAG stocks trade lower; Reliance Power slumps 19%
ADAG stocks fell on Tuesday after rating agencies downgraded ratings for Reliance Capital (RCap) and its subsidiaries with negative implications.
from India Infoline News Service http://bit.ly/2UMHBad
from India Infoline News Service http://bit.ly/2UMHBad
Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra
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The Needs of Life Co-op. Bank Ltd., Mumbai, Maharashtra, was placed under directions from close of business on October 29, 2018, for a period of six months, vide directive dated October 26, 2018 and the directions are valid up to April 29, 2019 subject to review. 2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the directive dated October 26, 2018, issued to the above bank, the validity of which was up to April 29, 2019, shall continue to apply to the bank for a further period of six months from April 30, 2019 to October 29, 2019 vide directive dated April 24, 2019, subject to review. 3. All the other conditions of the directive under reference shall remain unchanged. A copy of the directive dated April 24, 2019 notifying the above extension is displayed at the bank’s premises for the perusal of public. 4. The aforesaid extension and/or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank. Anirudha D. Jadhav Press Release : 2018-2019/2562 |
from PRESS RELEASES FROM RBI http://bit.ly/2PzWxaK
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Yes Bank shares dive 30% on Q4 loss
Shares of Yes Bank plummeted nearly 30 per cent on Tuesday after the company reported a loss of Rs 1,506.64 crore for the fourth quarter ended March 31, owing to rise in provisioning for bad loans. The scrip was the worst hit among the front-line companies on both the indices during the morning trade.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2GJfP9L
Eveready Industries hits lower circuit after credit ratings downgrade
The company said Brij Mohan Khaitan has tendered his resignation as Non-Executive Director and Chairman due to his old age. His resignation has been accepted by the Board.
from India Infoline News Service http://bit.ly/2VyIaJb
from India Infoline News Service http://bit.ly/2VyIaJb
US software co CSC sues TCS for illegal use of IP
US IT services company CSC – which is now DXC following the merger with HP Enterprise Services – has filed a case against Tata Consultancy Services (TCS) for alleged misappropriation of CSC’s source code and one of its proprietary products to develop a competing software product. This is the second such case that TCS is fighting.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZTzwVc
Investors in talks with RIL to invest in Jio infra
Reliance, once dependent on its industrial businesses, reshaped the Indian telecoms industry when it launched its Jio telecoms unit in 2016, taking on rivals such as Bharti Airtel and Vodafone Idea with its cut-throat pricing. The telecom company aims to get at least five investors on board, with some joining the conglomerate's board as co-sponsors, the report added.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZIg79w
Monday, April 29, 2019
Ness Wadia sentenced to 2-year jail term in Japan over possession of drugs: Report
Ness Wadia, the son of industrialist Nusli Wadia, has been sentenced a two-year jail term in Japan for possession of drugs. He was reportedly caught in New Chitose Airport in the northern Japanese island of Hokkaido with 25 grams of cannabis resin earlier in March this year.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2PBs500
Hero MotoCorp slips 3% after net profit declines 24.5%
The company's standalone revenue in the quarter declined by 7.9% yoy at Rs7,885cr on account of 11% decline in two wheelers sales volume.
from India Infoline News Service http://bit.ly/2WdpBre
from India Infoline News Service http://bit.ly/2WdpBre
Result of the 14-day Variable rate Repo auction held on April 30, 2019
from PRESS RELEASES FROM RBI http://bit.ly/2XOCCrw
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PSU Bank, Realty index under pressure in todays trade
The Nifty dropped 65 points at 11,689 levels, well below its key level of 11,700.
from India Infoline News Service http://bit.ly/2LeltGl
from India Infoline News Service http://bit.ly/2LeltGl
Live Market Update: Markets trend lower; NBFC stocks underperform
NBFC stocks have also plummeted in trade with stocks like IB Housing Finance, PNB Housing Finance, India Bulls Ventures trading ~5% lower.
from India Infoline News Service http://bit.ly/2ZH9cxf
from India Infoline News Service http://bit.ly/2ZH9cxf
PepsiCo faces political heat over taking farmers to court
Political discontent is rising against US beverage and snacks major PepsiCo after its local arm took Indian farmers in Gujarat to court for allegedly infringing a patent by growing a particular variety of potato.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2J5lrht
Sensex falls 150 points in early trade
The BSE benchmark sensex on Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues. However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UQ0vx8
AirAsia India plans to induct Jet's B737s
AirAsia India, a JV of Tata and Malaysian AirAsia, is planning to induct some Boeing 737s that used to fly for Jet Airways and have now been repossessed by lessors. The low cost carrier (LCC) has applied to the Directorate General of Civil Aviation (DGCA) for operating Boeing aircraft, the ex-Jet B737s, also. The move comes as Tata-Singapore Airlines full service JV Vistara is also planning to induct ex-Jet B737s.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2ZH8JLv
Yes Bank stock plummets 27% post Q4FY19 numbers
The bank has reported net loss of Rs1,506.6cr against the consensus estimates of profit of Rs1,050cr. The miss in estimates is largely due to spike in provisions.
from India Infoline News Service http://bit.ly/2UOplNR
from India Infoline News Service http://bit.ly/2UOplNR
Rupee gains 18 paise against US Dollar
The 10-year bond yield traded at 7.410%, compared with Friday's close of 7.411%.
from India Infoline News Service http://bit.ly/2We8JAH
from India Infoline News Service http://bit.ly/2We8JAH
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
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The result of the RBI Fixed Rate Reverse Repo Operations held on April 29, 2019 is as under:
Ajit Prasad Press Release: 2018-2019/2559 |
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from PRESS RELEASES FROM RBI http://bit.ly/2GQcd5I
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Yes Bank, IndusInd Bank drag Bank Nifty index down
In the broader market, the BSE MidCap index was trading 154 points lower at 14,909, while the BSE SmallCap index was ruling at 14,669, down 144 points.
from India Infoline News Service http://bit.ly/2ZM3lGX
from India Infoline News Service http://bit.ly/2ZM3lGX
Glenmark launches novel, anti-diabetes drug Remogliflozin in India
SGLT2 drugs provide glycemic control, induce weight loss and reduce cardiovascular risks.
from India Infoline News Service http://bit.ly/2PE6R1o
from India Infoline News Service http://bit.ly/2PE6R1o
Cipla gets final approval for generic version of Letairis
Ciplas Ambrisentan Tablets 5mg & 10mg is AB-rated generic therapeutic equivalent version of Gilead Sciences, Incs Letairis, the company said in the filing.
from India Infoline News Service http://bit.ly/2vrObZA
from India Infoline News Service http://bit.ly/2vrObZA
Asian markets slip as China data disappoints
South Korean stocks led benchmarks lower in trading that was below average thanks to Japanese markets being closed. Korean giant Samsung Electronics Co. posted profit that missed recently reduced analysts estimates.
from India Infoline News Service http://bit.ly/2PFkvkX
from India Infoline News Service http://bit.ly/2PFkvkX
Global startups rope in Indian engineers
Companies such as GrabTaxi, Go-Jek, Delivery Hero, etc are hiring executives in full-stack development, data science and product management. “These are startups that are looking to ramp up their team after sealing a series-B or -C round so that they have enough bandwidth to look outside their market for talent. They are on the lookout for people with 3-10 years of experience,” said Subhendu Panigrahi, co-founder, Skillenza.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2UNi3dk
Top stocks in focus: Kotak Mahindra Bank, Reliance Capital, ITC, Yes Bank
Check out the companies which will be in focus during trade today based on recent and latest news developments.
from India Infoline News Service http://bit.ly/2DEoGZJ
from India Infoline News Service http://bit.ly/2DEoGZJ
Broker Radar for April 30
Check out the stock commentaries and recommendations from brokerage houses.
from India Infoline News Service http://bit.ly/2IPKE04
from India Infoline News Service http://bit.ly/2IPKE04
Liquidity Adjustment Facility: Fixed Rate Reverse Repo Operations
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The result of the RBI Fixed Rate Reverse Repo Operations held on April 26, 2019 is as under:
Anirudha D. Jadhav Press Release: 2018-2019/2557 |
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from PRESS RELEASES FROM RBI http://bit.ly/2XOqW8a
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Banking
In the March quarter, the realisation by banks was 24% of their claims, in comparison to 43% overall.from Banking/Finance-Industry-Economic Times http://bit.ly/2PHqrdq
Banks may get just a quarter of claims from 12 debt cases
In the March quarter, the realisation by banks was 24% of their claims, in comparison to 43% overall.from Banking/Finance-Industry-Economic Times http://bit.ly/2PHqrdq
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SGX Nifty indicates a positive opening for Sensex, Nifty
For today, expect the broader market to outperform as Nifty nears resistance at 11800.
from India Infoline News Service http://bit.ly/2GR52eJ
from India Infoline News Service http://bit.ly/2GR52eJ
What not to miss today
Here are the important news to watch out for today.
from India Infoline News Service http://bit.ly/2DEmpO6
from India Infoline News Service http://bit.ly/2DEmpO6
NCLT rejects maintainability plea filed by Kirloskar Bros
Maintainability petition decides whether a case can be tried in a court of law.from Banking/Finance-Industry-Economic Times http://bit.ly/2Y0gyul
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Axis Bank refers two more Lanco group companies to NCLT
Files insolvency petitions against Kondapalli Power and Lanco Solar.from Banking/Finance-Industry-Economic Times http://bit.ly/2UJZJlf
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Banking
Maintainability petition decides whether a case can be tried in a court of law.from Banking/Finance-Industry-Economic Times http://bit.ly/2Y0gyul
Banking
Files insolvency petitions against Kondapalli Power and Lanco Solar.from Banking/Finance-Industry-Economic Times http://bit.ly/2UJZJlf
New age technology-led NBFC InCred raises Rs 600 crore
New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital.from Banking/Finance-Industry-Economic Times http://bit.ly/2GRdHOg
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Round 2 of PSB merger: PNB, Union Bank & BoI may get a call
Finmin likely to hold discussions soon; consolidation expected in second or third quarter of this fiscal year.from Banking/Finance-Industry-Economic Times http://bit.ly/2vp4KWb
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Biden’s bid
Biden might be the strongest Democratic candidate, but he is not necessarily the best
from The Hindu - Editorial http://bit.ly/2UK01bO
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from The Hindu - Editorial http://bit.ly/2UK01bO
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The heat moves north
The BJP has more to lose than gain in the fourth phase of the Lok Sabha polls
from The Hindu - Editorial http://bit.ly/2ZNn4q3
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from The Hindu - Editorial http://bit.ly/2ZNn4q3
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Banking
New age technology-led NBFC InCred has raised Rs 600 crore from a group of global investors in a move that will raise its equity capital.from Banking/Finance-Industry-Economic Times http://bit.ly/2GRdHOg
Banking
Finmin likely to hold discussions soon; consolidation expected in second or third quarter of this fiscal year.from Banking/Finance-Industry-Economic Times http://bit.ly/2vp4KWb
Companies face queries over input tax credit claims
Effectively, while a business may have paid the tax to a vendor for which it wants to claim credit, it may not be possible to ascertain if the vendor has deposited the GST.from Economy-News-Economic Times http://bit.ly/2UQAii5
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Liquidity crisis hits Reliance Cap arms
Home, commercial finance arms witness ‘minor’ delay in principal repayments of ₹542 cr. and ₹477 cr.
from The Hindu - Industry http://bit.ly/2LdNtdl
from The Hindu - Industry http://bit.ly/2LdNtdl
Fourfold rise in Orient Cement net
C.K. Birla Group firm Orient Cement on Monday reported an over fourfold jump in its net profit to ₹61.98 crore for the fourth quarter ended March 2019
from The Hindu - Industry http://bit.ly/2LbMDNW
from The Hindu - Industry http://bit.ly/2LbMDNW
Castrol India Q1 net profit rises 2%
Company posts highest ever profit before tax of ₹288 crore
from The Hindu - Industry http://bit.ly/2VCoMuX
from The Hindu - Industry http://bit.ly/2VCoMuX
Lamborghini eyes 50% jump in 2019 sales
Mulls showroom in three more cities
from The Hindu - Industry http://bit.ly/2UNkmwP
from The Hindu - Industry http://bit.ly/2UNkmwP
Xiaomi to go beyond TVs, eyes more consumer durable goods
Says on track to open 10,000 retail stores in the country
from The Hindu - Industry http://bit.ly/2ZKfUTp
from The Hindu - Industry http://bit.ly/2ZKfUTp
Wipro consumer arm buys Splash
Acquisition marks firm’s entry into east Asia; to be completed by June
from The Hindu - Industry http://bit.ly/2WewpF0
from The Hindu - Industry http://bit.ly/2WewpF0
10.32% turnout in volatile Kulgam
Stone-throwing mars polling in hotspot coming under Anantnag LS seat
from The Hindu - Industry http://bit.ly/2L8mgbH
from The Hindu - Industry http://bit.ly/2L8mgbH
Zomato to add 20 warehouses by 2020
Unveils 40,000 sq ft Delhi warehouse
from The Hindu - Industry http://bit.ly/2UNk5dh
from The Hindu - Industry http://bit.ly/2UNk5dh
Expert panel clears way for Aurobindo project
Expansion planned at Srikakulam unit
from The Hindu - Industry http://bit.ly/2ZIvSgH
from The Hindu - Industry http://bit.ly/2ZIvSgH
Shanthi Gears Q4 net dips 37.5% on rising input costs
Expanding customer base, dealer network to be firm’s focus
from The Hindu - Industry http://bit.ly/2ZNdFPh
from The Hindu - Industry http://bit.ly/2ZNdFPh
BoM posts ₹72 cr. profit as provisions fall
State-run lender Bank of Maharashtra reported a ₹72.4 crore profit for the Jan.-March quarter as compared to a ₹113.5 crore loss during the same perio
from The Hindu - Industry http://bit.ly/2GQbySZ
from The Hindu - Industry http://bit.ly/2GQbySZ
It’s thumbs down for Yes Bank from brokerages
Many cite concerns related to bank’s stressed assets and management uncertainty, among others
from The Hindu - Industry http://bit.ly/2IZ7OjP
from The Hindu - Industry http://bit.ly/2IZ7OjP
Passenger traffic at Indian airports grows 11.6% to 34.4 crore
FY19 growth is slowest in three years
from The Hindu - Industry http://bit.ly/2IL2jpq
from The Hindu - Industry http://bit.ly/2IL2jpq
Now, employees’ consortium to bid for Jet Airways; seeks to raise ₹3,000 crore from outside investors
While SWIP has around 800 members, there are about 500 employees with JAMEVA.
from The Hindu - Industry http://bit.ly/2UNeJyH
from The Hindu - Industry http://bit.ly/2UNeJyH
Banking
The lenders will receive merely 17% of the Rs 29500 crore dues from Alok Industries, raising doubts over the future realization.from Banking/Finance-Industry-Economic Times http://bit.ly/2PAnKdr
Merely 24% recovery from corporate insolvency cases in March quarter
The lenders will receive merely 17% of the Rs 29500 crore dues from Alok Industries, raising doubts over the future realization.from Banking/Finance-Industry-Economic Times http://bit.ly/2PAnKdr
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Indian cyber insurance market grows 40%
Data from the DSCI report showed that 350 cyber insurance policies were bought by Indian corporates in 2018 as against 250 in 2017 marking a 40 per cent increase in the sale of these products.from Banking/Finance-Industry-Economic Times http://bit.ly/2XS5XRR
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