Indiabulls Housing sells stake in OakNorth Holdings for Rs93cr; Raises total Rs2,670cr from Sept - Nov 2020

With the latest stake sale, the company has raised a total of Rs2,670cr as fresh equity in the month of September, October and November 2020.

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

BSE signs MoU with Mission Youth, J&K govt to spread financial literacy

We are adopting the best global practices of youth empowerment and encouraging sustainable livelihood: Lt Governor

from India Infoline News Service https://ift.tt/3mp5Lq8

Sensex, Nifty trade higher; Pharma, Realty stocks outperform; Ultratech Cement, Infosys shines

On broader market-basis, BSE Midcap and BSE Sensex Next 50 were among top picks, gaining by near 1% each.

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

Premier Explosives spurts 5% after contract win worth Rs14cr from Ministry of Defence

The domestic contract for procurement of 26 mm Chaffs to be delivered within six months from the effective date of contract.

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

Credit Market Tracker November 2020: India Ratings and Research

The tracker highlights the monthly changes in liquidity of the banking system, a brief snapshot of quarterly results and trends in debt and money markets.

from India Infoline News Service https://ift.tt/33wyYrG

Pharma stocks in focus as PM meets firms to review Covid-19 vaccine development

Prime Minister Narendra Modi has interacted and visited Covid-19 facility centres with some 6 pharma companies.

from India Infoline News Service https://ift.tt/33y5Joh

Vaibhav Global's subsidiary launches TJC Plus, a membership program offering free & fast delivery

With the initial launch, Shop TJC is offering first month free to customers who choose to register.

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

View: Forget `recession’ talk; Focus on big reforms and win!

Recession talk now is meaningless. Not because it is not real or does not hurt people but because it is a product of an extraordinary, once-in-a-generation nature of the pandemic that is now raging across much of the world.

from Economy-News-Economic Times https://ift.tt/33yD2rl
via

Govt's receipt over Rs7.08 lakh cr in Oct 2020 aided by tax revenue - achieves 31.54% of the FY21 BE

The Centre's total receipt comprises of Rs5,75,697cr as tax revenue (net to centre), Rs1,16,206cr as non-tax revenue and Rs16,397cr as Non Debt Capital Receipts.

from India Infoline News Service https://ift.tt/39ufUxT

Sandeep Kataria, CEO, Bata India elevated as Global CEO Bata Brands

A passion for developing talent blends perfectly with Mr. Katarias sound understanding of markets and strategic finesse, making him a leader of exceptional merit.

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

Burger King IPO to open bid on Wednesday and close on Friday

Price band fixed at Rs59 to Rs60 per equity share of face value of Rs10 each.

from India Infoline News Service https://ift.tt/33ws2uN

Eight Core Industries index declines to 2.5% in Oct 2020 dragged by refinery, crude oil and natural gas production

Cumulatively, the index saw a contraction of 13% between April - October 2020.

from India Infoline News Service https://ift.tt/37ge2Gg

Amalgamation provides stability and better prospects to Lakshmi Vilas Bank: DBS Bank

The moratorium imposed on LVB was lifted from November 27, 2020 and banking services were restored immediately with all branches, digital channels and ATMs functioning as usual.

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

Glenmark to divest select Anti-Allergy brands to Dr Reddys

The brands will be divested in Russia, Ukraine, Kazakhstan and Uzbekistan in anticipation of its Ryaltris launch.

from India Infoline News Service https://ift.tt/3q9Ifzw

Dow Jones wraps best month since 1987

US stocks have gained ground since the November 3 presidential election as investors now expect an uneventful transfer of power at the White House, even though President Donald Trump has not conceded the race to former vice president Joe Biden.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3mvZOI4

In a first, Bata gets an India CEO to ‘shoe the world’

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37hPBbG

Niche play gives teeth to toothpaste sales

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2HUPyd7

View: Forget `recession’ talk; Focus on big reforms and win!

Recession talk now is meaningless. Not because it is not real or does not hurt people but because it is a product of an extraordinary, once-in-a-generation nature of the pandemic that is now raging across much of the world.

from Economy-News-Economic Times https://ift.tt/33yD2rl
via

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/39sNFQa

SGX Nifty indicates a positive opening for Indian markets

Asian markets opened with gains as they rebound after yesterday's sharp sell off.

from India Infoline News Service https://ift.tt/3g4HDH3

Top stocks in focus: Auto stocks, Dr. Reddy's, HCC, SRF, Indiabulls Housing Finance, Premier Explosives

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/33yrzIt

Commodity Mantra Morning Update: Bullions and Oil weak whereas base metals mostly in the green

Here is our technical view on Commodities.

from India Infoline News Service https://ift.tt/2Vmu3VG

Q3 should see further boost to manufacturing: NITI Aayog VC

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

India may impose anti-dumping duty on tyre imports from Thailand

“There is substantial increase in imports of subject goods from subject country in absolute terms as well as in relation to production and consumption in India as compared to the previous years…The Domestic Industry has suffered material injury… caused by the dumped imports,” DGTR said in a notification.

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

Consumer spending to return to growth in 2021: Fitch

After a COVID-19 pandemic-led contraction in consumer spending in 2020, household spending will return to growth in 2021, expanding by as much as 6.6 per cent, Fitch Solutions said on Monday.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2JoXRi1

Extended ECLGS can infuse over Rs 40,000 crore liquidity: Report

The possible over Rs 40,000-crore liquidity through the ELCGS 2.0 will be sufficient to help companies, including those hit by a sharp decline in cash flows because of the pandemic, to overcome liquidity pressures, says a Crisil report.

from Economy-News-Economic Times https://ift.tt/3mi2XuK
via

Punjab farmers sold more paddy at higher MSP than last year: Javadekar on opposition to new farm laws

Posting on his Twitter handle, Javadekar, the Minister of Environment as well as Information and Broadcasting, said, "Do not misunderstand the agricultural law. Punjab farmers sold more paddy at higher MSP in the market this year compared to last year. MSP is alive and market is also alive and government procurement is also happening."

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

India's consumer spending to return to growth in 2021: Fitch Solutions

In nominal terms, total household spending will only be 1.2 per cent higher than what it was in 2019 (Rs 123 lakh crore in 2021, compared to Rs 121.6 lakh crore in 2019), indicating the extent of the impact that the COVID-19 pandemic has had on consumer spending.

from Economy-News-Economic Times https://ift.tt/2Vk8Yvg
via

S&P retains India's growth forecast at (-)9 per cent this fiscal

"We retain our growth forecast of negative 9 per cent in fiscal 2020-2021 and 10 per cent in fiscal 2021-2022. While there are now upside risks to growth due to a faster recovery in population mobility and household spending, the pandemic is not fully under control.

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

S&P Global to buy IHS Markit in deal valued at $44bn

Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020's biggest merger, creating a heavyweight in the increasingly competitive market in financial information.

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

S&P retains India's growth forecast at -9% this fiscal

S&P Global Ratings on Monday retained its forecast of 9 per cent contraction in the Indian economy for the current fiscal, saying even though there are now upside risks to growth but it will wait for more signs that Covid infections have stabilised or fallen.

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

'5G connection to reach 350m in India by 2026'

5G connections across the globe are estimated to be 3.5 billion and India will account for 350 million subscriptions by 2026, according to a report by telecom company Ericsson.

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

India will get vaccine as early as possible: Gadkari

Union minister Nitin Gadkari on Monday expressed confidence that India will get a Covid-19 vaccine "as early as possible" and overcome the pandemic to win the economic war.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/36kN01c

Government waives penalty for non-compliance with QR code provisions for B2C transactions

The requirement of printing dynamic QR code on B2C invoices is being implemented from December 1. Quick Response code or QR code helps users verify the details in digitally signed e-invoices.

from Economy-News-Economic Times https://ift.tt/2HUUzT8
via

Banks to see capital decline over 2 yrs: Moody's

Moody's Investors Service on Monday said the bank capital will moderately fall in emerging Asia over the next two years, with India seeing larger capital decline without further infusion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3moh55B

AI pilots seek 'urgent meeting' with Puri over wage cuts

Two pilots' unions on Monday wrote to Union minister of civil aviation Hardeep Singh Puri seeking an urgent meeting with him to discuss the "indefinite and unilateral" salary deductions faced by the pilots of Air India.

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

LVB customers can access all services: DBS

DBS Bank India on Monday said customers of Lakshmi Vilas Bank (LVB), which has now been merged with it, can continue to access all banking services, and interest rates on savings and fixed deposits are unchanged as of now.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37ojKGt

Gold on course for worst month in four years

Gold fell on Monday en route to its worst month in four years, as optimism over a coronavirus vaccine-led economic revival prompted investors to buy into traditional risk assets. Spot gold declined about 1% to $1,771.22 per ounce by 0452 GMT, shedding 5.7% so far this month - its biggest since November 2016.

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

'Trump to add SMIC, CNOOC to defense blacklist'

The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to US investors and escalating tensions with Beijing weeks before President-elect Joe Biden takes office.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3llb9cr

Can improve DHFL offer: Adani Group

Billionaire Gautam Adani's roads-to-mining group has indicated that it can improve on its Rs 33,000 crore takeover offer for collapsed housing lender DHFL and has sought forfeiture of deposits of bidders seeking to vitiate auction by questioning maximum recovery of public money.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37j80oD

Edible oil industry demands restoration of the import duty on palm oil by March to prevent slide in mustard prices

Edible oil prices have been rising since May despite the pandemic-led demand destruction due to global factors and shortage of domestic mustard crop. India reduced the import duty on crude palm oil with effect from November 27 following an increase in oil prices by nearly 50% in the past six months.

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

Jan Dhan, cash transfers boost ATMs in Bharat

With Jan Dhan accounts and the government’s direct benefit transfers (DBT), ATM usage has gone up in rural areas. This is most clearly seen by the trend of increased usage of ‘white-label operators’ ATMs, which are used only in rural and remote parts of the country. From just 2% of total ATM transactions in India in 2014, white-label ATMs now make up 12% of total transactions.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3qbSdR1

From mining to mfg, cos boost gender diversity

India Inc has quietly progressed on the gender diversity front in spite of the pandemic. Engineering firm ABB, Hindustan Zinc (HZL), Sun Life Asia Service Center (ASC) and leading direct selling FMCG major Amway have improved upon their gender diversity numbers significantly this year through proactive hiring of women candidates.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39sZSEO

Forecasters raise GDP projections after Q2 rebound

Forecasters are revising upwards their projection for the current fiscal’s GDP growth after better-than-expected numbers for the second quarter. Most economists expect India’s GDP to shrink between 6% and 8% in FY21. Until last month, international agencies like the IMF were expecting the economy to shrink by 10%. The RBI is widely expected to continue with its accommodative stance.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/33sl5La

Govt issues guidelines to carry out GST checks

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/37io5ee

‘Holding cos will separate promoters from banks’

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2KM27bH

The government has laid out the plan to kickstart the economy. Now the real work begins

The economy may have bounced back from the first quarter, but GDP is well below last year and there is real worry the recovery could fizzle out.

from Economy-News-Economic Times https://ift.tt/3qbYdt2
via

Big relief for mid-scale companies, government postpones QR code requirements to March end next year

The government on Sunday said that it is postponing the requirement to generate and then use QR code for all business to customer (B2C) transactions.

from Economy-News-Economic Times https://ift.tt/37bEdxO
via

CBIC waives penalty on QR code on e-invoices till March 31, 2021

QR code for B2C transactions is meant to encourage digital payments by the buyers but can potentially be used to check tax leakages as well. It would have an impact on all consumer facing businesses including retail, restaurants, hotels and so on.

from Economy-News-Economic Times https://ift.tt/2J9gHd9
via

MP: Farmers dump guavas in garbage vehicle as prices crash

The wholesale prices of this vitamin C-rich fruit at Devi Ahilya Bai Holkar Fruit and Vegetable Market in Indore currently ranges between Rs 4 and Rs 10 per kilo, sources in the market said on Sunday.

from Economy-News-Economic Times https://ift.tt/33rniqh
via

CBIC asks for physical verification of biz granted deemed GST registration between August 21-November 16

The Central Board of Indirect Taxes and Customs (CBIC) has also asked taxmen not to grant GST registration on deemed basis in cases where the applicant has not opted for Aadhaar authentication or the authentication has failed.

from Economy-News-Economic Times https://ift.tt/3fMUr4H
via

US second biggest FDI source for India during Apr-Sep 2020

During April-September 2020, India attracted FDI worth USD 7.12 billion from the US and USD 2 billion from Mauritius, which slipped to fourth position, the DPIIT (Department for Promotion of Industry and Internal Trade) data showed.

from Economy-News-Economic Times https://ift.tt/33tzkzf
via

Air India plans to operate non-stop flights on Chennai-London route

Air India is currently operating non-stop flights to London from Delhi (seven flights a week), Mumbai (four flights a week), Kochi (three flights a week), Ahmedabad (two flights a week), Bengaluru (two flights a week), Goa (two flights a week), Kolkata (one flight a week) and Amritsar (one flight a week), an airline spokesperson told PTI.

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

New farm laws will boost nutraceutical sector: Industry executives

India has a mere 2-3% share of the $400 billion global markets compared to China’s 14% because of a lack of standard guidelines and protocols, they said, even as it is endowed with resources such as marigold, turmeric, ginger, chillies and paprika, from which medicines are made.

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

RBI likely to maintain status quo on inflation concerns

The six-member Monetary Policy Committee (MPC) headed by RBI Governor is scheduled to meet for two days starting December 2. The resolution of the sixth bi-monthly MPC meeting would be announced on December 4.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Jtv6AI

I-T dept raids in SEZ case unearths over Rs 450 cr

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

Protesting farmers haven't 'properly understood' new farm laws, says NITI Aayog Member

On September 27, President Ram Nath Kovind gave assent to the three farm bills -- The Farmers' Produce Trade and Commerce (Promotion and Facilitation) Bill, 2020; The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Bill, 2020; and the Essential Commodities (Amendment) Bill 2020.

from Economy-News-Economic Times https://ift.tt/37gVcz0
via

View: Don’t let bad boy billionaires become bankers

India’s public sector bank culture has long reeked of political and business influence, with huge loans to favoured cronies. The situation in private sector banks is better, but still riddled with misgovernance, as shown by Yes Bank and ICICI Bank.

from Economy-News-Economic Times https://ift.tt/3le8UaV
via

From small businesses to farmers, middle India is driving demand

Farmers, benefiting from a bumper crop, are lapping up tractors while demand for personal vehicles, due to a lack of public transport and the need for safer travel options, has boosted sales of cars and motorcycles.

from Economy-News-Economic Times https://ift.tt/2Vc7rHg
via

FDI inflows up 15% in H1, Mauritius slips to 4th place

Foreign direct inflows went up almost 15% during the first half the current financial year. The period also saw Mauritius slip to the fourth spot as the preferred source to route funds into India with the US and tax haven Cayman Islands overtaking it.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/39lyU1L

Q2 GDP shows surprising resilience: Is it good enough to last?

With improvement in manufacturing, due to lifting of lockdown measures GDP contraction has slowed down significantly. Agriculture sector continued to perform well with growth at 3.4 per cent.

from Economy-News-Economic Times https://ift.tt/36d4FrQ
via

Fourth edition of United Economic Forum World Summit to be held from December 4

Over 6,000 delegates are expected to participate in the event. Various plenary sessions on the topic "entrepreneurship: from idea to growth", "Tamil Nadu- the land of opportunities", "re-imagining the restaurant business for the new normal", "COVID-19 and the travel industry" have been planned.

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

HSBC considers exit from US retail banking: Report

HSBC Holdings Plc is considering a complete exit from retail banking in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday.

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

Eco contraction slows as vaccines boost recovery hopes

The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand.

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

India GDP and recession: Less pain ahead, full recovery will take time, say economists

The GDP contracted by 7.5% between July and September, compared to the same quarter a year before. Between April to June Indian economy contracted by 23.9% as against the same period in 2019. While the contraction—7.5%-- was much lower than what many predicted, this has caused fear that the country could slip further into recession.

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

Punjab accepts Centre's borrowing option to meet GST shortfall

26 states and 3 Union Territories with Legislative Assembly (i.e. Delhi, Jammu & Kashmir and Puducherry) have decided in favour of borrowing option to meet GST shortfall. However, states like Chattisgarh and Jharkhand are yet to opt for the borrowing plan proposed by the Centre saying the central government should borrow the entire Rs 1.83 lakh crore shortfall.

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

View: The added burden of taxes, the aspect that went almost unnoticed in Q2 GDP narrative

At a time when the government’s focus has been on providing relief to those who eke out a living, in normal times, in the neighbourhood of the poverty line, and have lost their incomes, thanks to the lockdown, how can net taxes rise? Shouldn’t this item have shrunk, thanks to a big upsurge in subsidies, direct benefit transfers, free food, rural employment schemes?

from Economy-News-Economic Times https://ift.tt/3lab4bq
via