Sensex, Nifty start on a strong note on firm global cues

Auto sales for the month of May, as well as the PMI manufacturing data for May, will be in focus today.

from India Infoline News Service https://ift.tt/3ezQNco

Reliance Industries launches first AI chatbot to assist shareholders

Replies by the chatbot are in English, except the FAQ videos which are in English, Hindi, Marathi, Kannada, Gujarati and Bangla.

from India Infoline News Service https://ift.tt/3eOLl5N

DGCA asks IndiGo, GoAir to operate A320 neos with only modified Pratt engines

The Directorate General of Civil Aviation (DGCA) has extended the deadline for replacing Pratt & Whitney (PW) unmodified engines on the Airbus A320 neo fleet of IndiGo and GoAir by three months to August 31, 2020, from May-end.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XjQdJU

Aadhaar authentications hit new high in April, May

Aadhaar-based authentications touched a record high in April and May, topping 120 crore this month, as the government rolled out direct benefits to people using the Aadhaar platform under the PM Garib Kalyan Package (PMGKP).

from Economy-News-Economic Times https://ift.tt/2TWv3zo
via

Post-Covid scenario: Swoosh, pipe, Z, L & W… shape of our future

Predicting recovery graphs, economists add cool shapes to plain vanilla V or U trajectories. There’s the Swoosh, a recovery pattern that looks like Nike’s famous logo. There’s the smoking pipe graph. There’s a W, Z and an L. Entirely predictably, because they can never agree on anything that’s important, different economists are championing different shapes, including in India.

from Economy-News-Economic Times https://ift.tt/2yTTSoA
via

Oil Minister Pradhan seeks to launch doorstep delivery of Petrol, CNG

The oil minister envisioned that soon, the customers will have to go to only one place, where all types of fuels will be available.

from India Infoline News Service https://ift.tt/3gJiVLZ

Mutual Fund industry invests Rs1,230cr in stocks since lockdown; FPIs reverse trend

Data given on SEBI shows, mutual funds made a net investment to the tune of Rs1,230cr in stocks.

from India Infoline News Service https://ift.tt/3cn00U3

Commodity Mantra Morning Update: Gold up, Oil lower; Base Metals trading higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2TYGGpH

Stellar Q4FY20! IDBI Bank sees PAT of Rs135cr after 13 quarters; asset quality improves

IDBI Bank posted a net profit after recording a net loss for 13 quarters.

from India Infoline News Service https://ift.tt/2Xp3P73

HCL Technologies announces intent to acquire Ciscos SON Technology

The Cisco SON technology is a powerful platform that uses machine learning and a set of applications to automate the Radio Access Network (RAN).

from India Infoline News Service https://ift.tt/3gFFXDs

Twin NHAI packages provide relief to toll concessionaires: Ind-Ra

The developers who have been approved a debt moratorium are not eligible for the Covid-19 loan. Therefore, the overall beneficiary net of the Covid-19 loan is reduced.

from India Infoline News Service https://ift.tt/2AtBPWw

Reliance diverts Alok Industries into making PPE; cuts down cost to one-third

Production started in mid-April and has been quickly ramped up to now constitute close to a fifth of India's daily PPE production capacity.

from India Infoline News Service https://ift.tt/2XknYel

Eight core infra sector output contracts by 38.1% in April

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 https://ift.tt/3ds2Atm

India's Q4 GDP growth rate slows to 3.1%

Data released by the statistics department showed on Friday gross domestic product (GDP) grew at 4.2% in the year ended March 31, compared with 6.1% in the previous year.

from India Infoline News Service https://ift.tt/2AnTdMD

ITR: You can claim deductions till June 30

The Central Board of Direct Taxes (CBDT) has notified the income-tax return forms for the financial year ended March 31, 2020 (assessment year 2020-21). The I-T return forms (ITR-1 to ITR-7) incorporate the recent announcement made by the finance minister to ease the burden on taxpayers owing to the Covid-19 pandemic.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36O05Pf

Infosys to eliminate roles to flatten organisation

Infosys is undertaking a major restructuring at the higher levels in order to flatten the organisation and make decision-making faster. As part of this, the company will trim its workforce at job level (JL) 7 and above, those in the ranks of delivery managers, industry principal (the JL7 equivalent for consulting roles), AVPs, VPs and SVPs.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2BfEALv

Money Market Operations as on May 29, 2020

from PRESS RELEASES FROM RBI https://ift.tt/2XRBxAO
via

As personal & small business loans crash, bank lending in April shrinks Rs 1.1 lakh crore

In percentage terms, the sharpest drop was in the personal segment, with middle-class borrowing through credit card outstanding and advances against fixed deposits and shares falling by over 10%.

from SME Sector-Small Biz-Economic Times https://ift.tt/2Mjn8Ih
via

Does your risk appetite really matter?

Buying an investment product is more a function of life goal than risk appetite

from The Hindu - Economy https://ift.tt/2XJwBOB
via

Top stocks in focus: Kotak Mahindra Bank, Adani Power, Dr Reddy's, Kalpataru Power, Metropolis Healthcare

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/3ezS970

Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/2ZXzrCa

SGX Nifty indicates a positive opening for Indian markets

For today, Unlock 1 announced by the Government could see more positive sentiment rub in as economic activity regains momentum across the country.

from India Infoline News Service https://ift.tt/2XKqAkA

Companies await pick-up in demand to boost manufacturing

With a majority of manufacturing facilities across sectors still operating below optimum levels, India Inc awaits a pick-up in demand to ramp up production capacities as Lockdown 4.0 ends and Unlock 1.0 begins.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3dh5jpc

Cartoonscape — June 1, 2020

from The Hindu - Cartoon https://ift.tt/2MfnP5F

Open with caution: On Unlock 1

A resumption of economic activity is essential, but the vigil on the virus must remain

from The Hindu - Editorial https://ift.tt/2XL7Otx
via

Land of the unfree: On U.S. unrest

America is in great need of legislative reform that supports a pluralist ethos

from The Hindu - Editorial https://ift.tt/2XKMqEK
via

View: Sharp fall in the latest growth estimates is a wake-up call to GoI to ramp up its stimulus package

It will be a while before we get back anywhere near the 7-8% growth of the go-go years.

from Economy-News-Economic Times https://ift.tt/2ySBrAE
via

India for TRIPs flexibility to ensure drugs’ access

India called for effective use of flexibilities inherent in the Trade-Related Aspects of Intellectual Property Rights (TRIPs) to ensure access to essential medicines, treatments and vaccines to all at affordable prices, especially in the context of the Covid-19.

from Economy-News-Economic Times https://ift.tt/2TXBKkT
via

Ask us: on investments

Q. I retired from a government-owned bank in July 2018.My employer has got a medical assistance fund for retirees and their spouses. From this fund, a

from The Hindu - Economy https://ift.tt/2TWrARv
via

Why the humble FD is the best choice now

Low interest rates on such investments may steer an investor to look for substitutes, but pitfalls abound

from The Hindu - Economy https://ift.tt/2Bb2Dez
via

From 3K daily flights pre-lockdown, Indian airports now handle just a few hundred amid restrictions

A total of 369 domestic flights carrying 35,055 passengers operated in India till 5 PM on Sunday, said Civil Aviation Minister Hardeep Singh Puri. Domestic services were suspended in India due to the coronavirus-induced lockdown and resumed after a gap of two months on May 25.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TSIO2o

Coronavirus | Air India makes it mandatory for crew to check pre-flight COVID-19 test results are negative

One of the pilots of an Air India plane from Delhi to Moscow had tested positive for coronavirus but was assigned the duty following an oversight by a team checking pre-flight medical reports of the crew

from The Hindu - Industry https://ift.tt/2MgLhze

Hotels may have to wait 12-18 months to get back pre-Covid occupancy

After losing business for nearly a quarter because of the lockdown, the hospitality sector gears up to reopen from June 8 with adequate safety protocols, and hopes to return to the pre-Covid levels within another12- 18 months, an industry official said, quoting an internal survey.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XMGgnp

PM Modi to share his vision on 'Getting Growth Back' with India Inc on Tuesday

The day-long virtual event on the theme 'Getting Growth Back' will also witness participation from top corporate honchos like Piramal Group Chairman Ajay Piramal, ITC Ltd CMD Sanjiv Puri, Biocon CMD Kiran Mazumdar-Shaw, SBI Chairman Rajnish Kumar, Kotak Mahindra Bank CEO and CII President-Designate Uday Kotak and CII President Vikram Kirloskar.

from Economy-News-Economic Times https://ift.tt/2yNmiQY
via

‘Hack-for-hire’ firms targeting financial services, healthcare amid COVID-19 pandemic: Google

“We have seen new activity from ‘hack-for-hire’ firms, many based in India, that have been creating Gmail accounts spoofing the WHO.”

from The Hindu - Industry https://ift.tt/2ZRVVo5

PM Modi to share his vision on 'Getting Growth Back' with India Inc on Tuesday

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3clyyG9

GSTN enables new registration functionality for insolvency resolution professionals

In March, the CBIC said the corporate debtors shall be liable to obtain new registration through IRP or RP.

from Economy-News-Economic Times https://ift.tt/3dmNDZw
via

Banking

The Banks Board Bureau has also recommended names of M V Rao and P P Sengupta for the post of managing director of Central Bank of India and Indian Overseas Bank, respectively. While Rao will replace Central Bank of India MD Pallav Mohapatra who will retire in February next year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TVrXMf

NHAI to develop 57 stretches as model national highways

In order to exhibit the model stretches of national highways as per norms, NHAI plans to develop 57 stretches of NH (1,735 kms) across the length and breadth of the country near each state capital, the NHAI official said. These model stretches will serve as a platform to instruct the highway engineers.

from Economy-News-Economic Times https://ift.tt/2TRNN31
via

BBB recommends Ashwini Bhatia for post of SBI MD

The Banks Board Bureau has also recommended names of M V Rao and P P Sengupta for the post of managing director of Central Bank of India and Indian Overseas Bank, respectively. While Rao will replace Central Bank of India MD Pallav Mohapatra who will retire in February next year.

from Banking/Finance-Industry-Economic Times https://ift.tt/2TVrXMf
via

'Check and reconfirm' corona -ve status before operating flight, Air India tells crew

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gE9E85

529 domestic flights carrying 45,646 passengers operated on Saturday: HS Puri

Domestic services were suspended in India due to the coronavirus-induced lockdown and resumed after a gap of two months on Monday. Indian carriers operated a total of 2,340 flights till Friday. A departure is counted as a flight during the day.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZVkZuq

Reliance on track to achieve zero net debt: Report

The company, controlled by billionaire Mukesh Ambani, has sold minority stakes in its digital arm to Facebook and private equity firms such as Silver Lake, Vista Equity, KKR and General Atlantic to raise a cumulative Rs 78,562 crore. Also, the company is raising Rs 53,125 crore through a rights issue.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AnZdoA

Draft e-com policy for comments soon: DPIIT

‘Country should have a clear policy’

from The Hindu - Industry https://ift.tt/2TRiAgo

‘Only 10% of non-food retailers have money to pay salaries

Banks not helping sector: Retailers Association of India CEO

from The Hindu - Industry https://ift.tt/2yMbnXM

IDBI Bank in black after 13 quarters

Makes a strong pitch for exiting PCA restrictions; asset quality improves

from The Hindu - Industry https://ift.tt/2yRoPK6

COVID-19 setback to business could be serious: Infosys

Financials may be hit due to negative impact on economies of U.S., U.K., EU

from The Hindu - Industry https://ift.tt/2U9OkOj

‘Airline sector was already weak, COVID-19 exposed it’

Industry experts call for structural, regulatory changes

from The Hindu - Industry https://ift.tt/3er4SJc

Govt decision to open shopping centres from June 8 will help ease pressure: SCAI

The government's decision to allow shopping centres and malls to open from June 8 will help ease enormous pressure that the industry was facing due to the lockdown, Shopping Centres Association of India (SCAI) said on Saturday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2AnlbIa

Banking

The majority of the claims are from severely-affected West Bengal and nominal from Odisha, she said, adding, a bulk of those have been received from business enterprises, shops and factories.

from Banking/Finance-Industry-Economic Times https://ift.tt/3cg6PXl

National Insurance Co receives 500 claims amounting to Rs 160 cr post cyclone 'Amphan'

The majority of the claims are from severely-affected West Bengal and nominal from Odisha, she said, adding, a bulk of those have been received from business enterprises, shops and factories.

from Banking/Finance-Industry-Economic Times https://ift.tt/3cg6PXl
via

Will place draft ecommerce policy in public domain for comments soon: DPIIT Secretary

DPIIT Secretary Guruprasad Mohapatra said the ecommerce is a fast emerging sector and it is difficult to predict where it will go in the next couple of years. The country do not have e-commerce policy and now the department is currently working on this, he added.

from Economy-News-Economic Times https://ift.tt/2XgjF3B
via

Skymet announces arrival of monsoon over Kerala, IMD differs

"#JUSTIN Southwest #Monsoon2020 finally arrived on the mainland of India, #Monsoon arrived on Kerala before the actual onset date. All the onset conditions including rainfall, OLR value, wind speed, are met. Finally, the 4-month long festival begins for Indian. #HappyMonsoon (sic)," the private forecaster tweeted.

from Economy-News-Economic Times https://ift.tt/3ezPxWQ
via

USCIS to resume premium processing from June for speedy disposal of visa applications

The United States Citizenship and Immigration Services (USCIS), the immigration arm of the US government has announced a phased opening of premium processing for various visa applications.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TSgflz

Maruti extends warranty, service timelines till June end

The country's largest carmaker Maruti Suzuki India (MSI) on Saturday said it has decided to extend warranty and service timelines for customers by a month owing to the current situation.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2zCB5i2

India needs intelligent lockdown exit strategy: SBI report

"We now believe that we should implement an intelligent lockdown exit strategy as the discussion has moved from debate between lives and livelihood to also between lives and lives as an elongated lockdown will only prolong irreversible growth collapse," SBI's research report 'Ecowrap' said.

from Economy-News-Economic Times https://ift.tt/2XKe5pi
via

Axis Securities rolls out 2/3/5-days work-from-home model

In this model, employees will work from office for two, three or five days in a week, depending on the criticality, complexity and role requirement

from The Hindu - Industry https://ift.tt/36KMaJU

AI flight called back as pilot found corona +ve

An Air India aircraft winging its way from Delhi to Moscow on Saturday morning had to be called back to Delhi from over Uzbekistan after the airline realised that one of the pilots onboard had tested corona positive.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3gBWbxt

'Eeb Allay Ooo!' movie review: The kingdom of monkeys

Prateek Vats explores politics, nationalism, religiosity, bigotry and struggles of the working class in a non-judgemental tale about Delhi’s primate repelling business

from The Hindu - Reviews https://ift.tt/2BfaIz3
May 30, 2020 at 12:36PM

View: Fostering Indo-Bangla trade relations, connectivity is the ‘mantra’

With support from India under its ‘Development Partnership’ programmes, a number of old railway links are being revived, such as the Chittagong-Dibrugarh line, while new ones such as Mongla Port-Khulna, Agartala-Akhaura are also being developed.

from Economy-News-Economic Times https://ift.tt/2Meeaw4
via

US pharma giant seeks marketing authorisation from India for anti-viral drug remdesivir

A US pharmaceutical giant has applied to India's drug regulator seeking marketing authorisation for its anti-viral drug remdesivir, which is being touted as a potential treatment for COVID-19.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TRentm

Large companies fear losing out on GST credit if vendors, suppliers go bankrupt due to Covid crisis

According to the GST framework, large companies cannot claim credits unless their suppliers and vendors have paid the tax. Section 16 of the GST law says that if a vendor does not pay GST to the government, input tax credit will be denied to the buyer.

from Economy-News-Economic Times https://ift.tt/2AlsXCw
via

Over 7 lakh small stores may have shut shop due to lockdown

India has about 10-12 million small retail outlets selling grocery and other FMCG products.

from SME Sector-Small Biz-Economic Times https://ift.tt/2yOWrs0
via

View: The pandemic isn’t India’s only curve to flatten

To face a downturn with a stubbornly elevated cost of borrowing is a recipe for a vicious cycle in which the economy produces and earns little, consumes less, and fetches meager taxes for the government.

from Economy-News-Economic Times https://ift.tt/2MdVE6Q
via

India’s GDP growth in Q4 & FY20 sinks to 11-year low

The core sector contracted by a record 38% in April as the lockdown hit all eight infrastructure sectors, according to data released separately. Cement output fell 86% while fertilisers and crude oil shrank 4.5% and 6.4%, respectively, in April.

from Economy-News-Economic Times https://ift.tt/3dbSXyF
via

How event planners are adapting to the world of virtual shows

From comedy to music and summer camps to workshops, organisers and ticketing platforms are adapting to the world of virtual shows

from The Hindu - Industry https://ift.tt/2ZMl7fT

India’s key growth engine grinds to halt in sign of slump

From call centers to hotels to airlines, India’s key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZOFAAr

Wipro names Capgemini's Thierry Delaporte as new CEO

IT major Wipro Ltd on Friday named Thierry Delaporte as the new chief executive officer and managing director of the IT company, replacing Abidali Neemuchwala.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2XdFOPS

Have mobile linked to Aadhaar? Get PAN instantly

Now you can get a PAN allotted to you by the income tax (I-T) department instantly if you have an Aadhaar-linked mobile number. The new facility was launched by finance minister Nirmala Sitaraman on Thursday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2TM25SL

After FB-Jio deal, Google to take Voda Idea stake?

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3eqL8W7

India's economy seen slowing rapidly in March quarter, with worse to come

The median forecast from a Reuters poll of economists put annual economic growth at 2.1% in the March quarter, lower than 4.7% in the December quarter. Forecasts ranged between +4.5% and -1.5%. Economists expect the fiscal year that began in April will see the worst economic contraction in four decades.

from Economy-News-Economic Times https://ift.tt/2MaE2ZO
via

Indian Bank to face asset quality challenges next 2 years despite regulatory measures: Fitch

Fitch says, delays in resolution will potentially exacerbate future losses once risks manifest over FY21 and FY22.

from India Infoline News Service https://ift.tt/3evjojc

HCL Technologies, Broadcom expand global preferred services partnership

As part of the partnership, the majority of Broadcom's Symantec enterprise consulting team will transition to HCL.

from India Infoline News Service https://ift.tt/2Bd8QH4

Covid-19 poses serious threat to global financial stability: FM notes in FSDC meet

Apart from Sitharaman, the council included members like RBI governor Shaktikanta Das and Ajay Tyagi, Chairperson of SEBI among others.

from India Infoline News Service https://ift.tt/2B7FkCl

Federal Bank net profit declines 21% yoy in Q4FY20

Gross NPA as a percentage to Gross Advances is 2.84% coming down by 8 bps as on March 31, 2020.

from India Infoline News Service https://ift.tt/3d8FzeF

Baba Ramdev's Patanjali clocks a new milestone! Rs250cr NCD gets fully subscribed in 3min of opening

This would be the first bond issue of the Haridwar-based firm.

from India Infoline News Service https://ift.tt/3cdyZCv

COVID-19: Disorderly market conditions pose risks to Debt Mutual Funds: Ind-Ra

Fund credit ratings do not comment on the funds ability to meet timely redemptions to unitholders or its ability to meet the expected returns.

from India Infoline News Service https://ift.tt/2MaEc3m

Money Market Operations as on May 28, 2020

from PRESS RELEASES FROM RBI https://ift.tt/36EEUzb
via

44% MSMEs feel stimulus package not good enough

Forty four per cent of respondents said the relief measures announced by the government earlier this week did not meet expectations and 86% wanted direct cash support from the government.

from SME Sector-Small Biz-Economic Times https://ift.tt/3etT74z
via

CBDT notifies minimum fees for managers of India-based offshore funds

The floor rate for Category I foreign portfolio investors (FPIs), which includes pension funds and sovereign wealth funds, has been set as 0.1% of the assets under management, lower compared to private equity funds, alternate investment funds and Category II FPIs.

from Economy-News-Economic Times https://ift.tt/36COT8c
via

Covid crisis: May turns out a shade better as factories restart

The 17.3 million e-way bills generated so far this month are about twice the 8.6 million filed in April. The e-way bill is a document that’s required under the goods and services tax (GST) regime to transport goods.

from Economy-News-Economic Times https://ift.tt/2X9wX1I
via

Commodity Mantra Morning Update: Gold up, Oil down; Base Metals mixed

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/3c6BC92

ITC B Natural collaborate with Amway India

Two Industry leaders come together in a strategic partnership for the launch of B Natural + range.

from India Infoline News Service https://ift.tt/3cbS0oS

Top stocks in focus: Lupin, Cadila, Vodafone Idea, Grasim, Voltas

Check out the stocks that will be in focus during trade today based on recent and latest news developments.

from India Infoline News Service https://ift.tt/2zFiZfb

Stock market news that you should not miss today

Here is the important stock market news to watch out for today.

from India Infoline News Service https://ift.tt/3c7TOip

TVS Motor's net sales drop by 20%

TVS Motors Ltd announced it's Q4 results on March 28

from India Infoline News Service https://ift.tt/36FGLUk

SGX Nifty indicates a negative opening for Indian markets

Asian indices opened in the red led by the Japanese Nikkei, which traded down over 150 points in early trade as US stocks last hour sell-off saw sentiment get weak in Asian trading.

from India Infoline News Service https://ift.tt/2yGDlUL

Banking

Legal experts and some of the resolution professionals are learnt to have sent feelers to senior government officials that deferring the admission of cases under the Insolvency and Bankruptcy Code (IBC) would not only prevent orderly resolution in the banking system, but could also be viewed as a retrograde step, two senior bankers told ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/2AfaJCH

IBC deferral plan and absence of loan rejig put banks in a fix

Legal experts and some of the resolution professionals are learnt to have sent feelers to senior government officials that deferring the admission of cases under the Insolvency and Bankruptcy Code (IBC) would not only prevent orderly resolution in the banking system, but could also be viewed as a retrograde step, two senior bankers told ET.

from Banking/Finance-Industry-Economic Times https://ift.tt/2AfaJCH
via

World’s biggest lockdown to push 12 million into extreme poverty

Some 122 million Indians were forced out of jobs last month alone, according to CMIE data.

from Economy-News-Economic Times https://ift.tt/3gujHg0
via

Minda Industries gains 2% despite estimating significant revenue loss due to Covid-19 impact

The company has taken various initiatives to manage its costs across the organization and also took actions to conserve cash, which is critical in times of Covid-19 crisis.

from India Infoline News Service https://ift.tt/2XyYh8E

Heritage Foods reports cons. net loss of Rs209cr in Q4FY20; stock dips 3%

Profit after adjustments of gain due to changes in the fair value of derivative liabilities and loss due to changes in the FVTPL equity securities stands at Rs10.17cr.

from India Infoline News Service https://ift.tt/2XcV3ZL

Jaiprakash Associates plunges over 3% on Sensex despite recording Q4 PAT of Rs3,081.67cr

JAL posted a consolidated net profit of Rs3081.67cr compared to a net loss of Rs664.11cr in Q4FY19.

from India Infoline News Service https://ift.tt/3c4cjo0

KPIT Technologies reveals plans to tackle Covid-19 crisis; shares rise 2%

KPIT Tech is working on bringing in appropriate changes in the business model to tackle the possible future uncertainties in economic conditions due to the globalCovid-19 pandemic.

from India Infoline News Service https://ift.tt/2ZH3PAI

Uflex partners with IIT Delhi to manufacture PPE; stock zooms 12%

As compared to other PPE Kits, the Flex-Protect Coverall Standard is made of 70 GSM which makes it very comfortable and flexible, and fit to be worn for long hours as well.

from India Infoline News Service https://ift.tt/2zDENaT

Nifty opens above 9,350-mark; RIL-RE surges 2%

L&T and ONGC among top gainers on the Sensex gainers, followed by HDFC twins which also inched 2% higher.

from India Infoline News Service https://ift.tt/2AiEKl6

Govt to withdraw 7.75% savings bonds scheme

The government has decided to withdraw 7.75 per cent Savings (Taxable) Bonds scheme from the close of banking business on Thursday due to declining interest rates.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZIslS3

Reliance General Insurance lenders in talks with investors for exit

On February 27, the Securities Appellate Tribunal allowed lenders Nippon India Mutual Fund and Credit Suisse to invoke shares of Reliance General Insurance pledged by Anil Ambani group firms. Lenders including Credit Suisse, Nippon Life, Life Insurance Corporation of India. Other banks and institutions own non-convertible debentures of Reliance General Insurance.

from Banking/Finance-Industry-Economic Times https://ift.tt/3d90gHv
via

Dabur faces Covid-19 shocks in Q4, PAT declines by 14% yoy; stock opens lower

Consolidated revenue stood at Rs1,865cr in Q4 down from Rs2,128cr a year ago same period.

from India Infoline News Service https://ift.tt/2XziBXD

Oil India: Blowout at one of the wells in Baghjan Oilfield; suspends operations - All details here

Experts from OIL have reached the site and all-out effort is on to control the well.

from India Infoline News Service https://ift.tt/36zlQSY

Optimism likely to continue on D-Street!

The market is likely to see a positive opening taking cues from Asian and US market

from India Infoline News Service https://ift.tt/2X98rhq

Commodity Mantra Morning Update: Gold muted, oil lower; Base Metals trading higher

Here is the global trend and our view on Commodities.

from India Infoline News Service https://ift.tt/2M3HlSe

Faces masked, lipstick sales take a hit; focus shifts to eye makeup

The "lipstick index", which usually rises during an economic downturn, appears to have lost a bit of its shine with the Covid-led lockdown. Lipstick sales have taken a hit with people staying indoors and the consumer’s makeup usage behaviour changing in a dramatic way.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2X6bu9X

Step aside TikTok, local 'Mitron' has gone vocal

With over half a million downloads every day, a TikTok clone called ‘Mitron’ has climbed up the chart of top Indian alternatives for the Chinese short videos app within a month since its launch.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2X9IRZK