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https://www.livemint.com/Companies/L9SkztBdgObE0lotkr5bnI/PVR-eyes-overseas-expansion-after-India-acquisitions.html | PVR Ltd, India’s largest movie exhibitor, is seeking growth opportunities overseas after sealing a deal to acquire a local cinema chain. The company’s “big focus" is to look at Saudi Arabia, while it’s also planning projects in Dubai, Chief Financial Officer Nitin Sood said in a telephone interview. PVR also expects to... | the company's "big focus" is to look at Saudi Arabia, while it's also planning projects in Dubai. the cinema chain operator is also looking at setting up a nine-screen multiplex in Sri Lanka's capital colombo at the beginning of the next financial year. the company is targeting to build new screens in india to take its... | Positive |
https://www.financialexpress.com/industry/ioc-ongc-other-psus-implementing-rs-3-57-lakh-cr-projects/2015030/ | Oil PSUs such as IOC and ONGC are implementing about Rs 3.57 lakh crore worth of projects across the entire hydrocarbon value chain that will further enhance energy accessibility, create jobs and boost the economy, the Petroleum Ministry said on Monday.
In Twitter posts, the Ministry of Petroleum and Natural Gas said ... | oil ministry says project will boost energy accessibility, create jobs and boost economy. out of Rs 3.57 lakh crore being spent on 859 projects, over Rs 60,000 crore will be invested in fiscal 2020-21. oil minister said projects will be more ‘vocal for local’ to boost economic growth. ONGC is exploring for oil and gas ... | Positive |
https://www.moneycontrol.com/news/world/united-nations-90-billion-could-protect-700-million-poor-in-coronavirus-pandemic-5197711.html | File image
The UN humanitarian chief said Monday that USD 90 billion could provide income support, food and health response to the coronavirus pandemic for 700 million of the world's most vulnerable people — a price tag just 1 per cent of the USD 8 trillion stimulus package the 20 richest countries put in place to saf... | a new u.n. humanitarian chief says 90 billion could provide income support, food and health response to the coronavirus pandemic. the price tag is just 1% of the USD 8 trillion stimulus package the 20 richest countries put in place to safeguard the global economy. about 700 million people — 10 per cent of the world's p... | Positive |
https://www.livemint.com/Companies/pvOr4mmsMehEOE4gKvmbQI/Maruti-Suzuki-charges-ahead-with-ambitious-electric-car-plan.html | New Delhi: Suzuki Motor Corp., the parent of India’s largest carmaker, aims to produce as many as 35,000 electric cars annually in India starting 2020-21, when it rolls out the first of these cars in the country, two people familiar with the matter said.
“Suzuki will venture into the electric vehicle market quite late... | Suzuki plans to produce 35,000 electric cars annually in India starting 2020-21. rivals such as Mahindra and Mahindra and Tata Motors are already manufacturing electric vehicles by sourcing half of the components from overseas vendors. if all goes as planned, maruti may be the first carmaker in india to make electric c... | Positive |
https://www.financialexpress.com/market/dsps-one-year-old-quant-fund-beats-sensex-by-playing-safe-but-what-happens-when-stock-market-turns-bullish/1995379/ | A one-year-old quantitative fund has beaten most of its peers and the overall Indian stock market with a rules-based system designed to avoid poor performers. “This is a fund that is positioned for not losing first,” said Kalpen Parekh, president of DSP Investment Managers Pvt. The DSP Quant Fund has lost 2.7% over the... | the one-year-old fund has beaten 92% of its peers and the overall market. the fund's selection methodology eliminates stocks that have shown high price volatility over time. it then scores the remaining stocks based on factors, giving weightings of 40% each to quality and valuation, and 20% to growth. the highest scori... | Positive |
https://www.financialexpress.com/auto/car-news/bmw-x4-prices-increased-by-rs-2-lakh-check-out-the-revised-price-list-specs-variants-mileage/1991767/ | The BMW X4 is available with two diesel and one petrol engine in the Indian market. The car competes with the Mercedes-Benz GLC Coupe here.
This story isn’t about how BMW India has silently added another variant in its line-up. This has got to do more with the price hike the brand carried out recently for its X4 model... | the x4 is available with two diesel and one petrol engines in the india market. the car competes with the Mercedes-Benz GLC Coupe here. the x4 is available to be booked now through all the authorised showrooms. the car is available with adaptive suspension, variable sport steering, adaptive LED headlights, electrical t... | Positive |
https://www.businesstoday.in/current/economy-politics/nirmala-sitharaman-press-measures-revive-sagging-economy-likely/story/379011.html | Finance Minister Nirmala Sitharaman on Saturday announced a series of measures to boost exports and real estate sectors in the country. To boost export, the FM said the scheme of Remission of Duties would completely replace all Merchandise Exports from India Scheme from January 1, 2020. The FM said the Centre was worki... | the scheme of Remission of Duties will replace all Merchandise Exports from India Scheme from January 1, 2020. the action plan to reduce turn-around time at airports and ports bench-marked to international standards will be implemented by December 2019. to boost the housing sector, the government will set up a special ... | Positive |
https://www.moneycontrol.com/news/business/startup/revv-raises-rs-100-cr-in-series-b-funding-led-by-hyundai-motor-2871511.html | Delhi-based car-sharing startup Revv has raised Rs 100 crore in Series B funding led by Hyundai Motor. Existing investors Edelweiss and Beenext also participated in the round with other investors.
With its strategic investment in Revv, Hyundai Motor gains its first foothold in the Indian car-sharing market.
Moneycont... | Hyundai Motor has raised Rs 100 crore in Series B funding. the company will use the funds to expand its product offerings. it plans to increase its geographical footprint to 30 cities in the next 12 months. the company will combine technologies such as autonomous driving and artificial intelligence with the sharing eco... | Positive |
https://economictimes.indiatimes.com/markets/stocks/news/dow-jones-gains-230-points-on-easing-us-china-tensions-jobs-report/articleshow/75628584.cms | US stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in tensions between Washington and Beijing.All the 11 S&P sectors were trading higher, with the defensive real estate and consumer staples indexes posting... | all 11 S&P sectors were trading higher, with the defensive real estate and consumer staples indexes posting some of the biggest gains. the Dow Jones industrial average was up 344.39 points, or 1.44 per cent, at 24,220.28, the S&P 500 was up 1.44% at 24,220.18. the u.s. economy lost fewer jobs in April than feared due t... | Positive |
https://www.financialexpress.com/economy/unemployment-rate-falls-to-lowest-level-since-lockdown-began-shows-green-shoots-of-economic-revival/1986877/ | As economic activity catches pace in June, the employment situation in the country significantly improved in the first week after the months-long lockdown was lifted. The unemployment rate fell to 17.51 per cent in the week ending 7 June, according to weekly data released by CMIE. The unemployment rate in the first wee... | unemployment rate fell to 17.51 per cent in the week ending 7 June. it is the lowest level since the lockdown was announced in the last week of march 2020. the unemployment rate stood at 8.41 per cent just before the lockdown began and peaked at 27.1 per cent in the week ending may 3. india added 2.1 crore new jobs in ... | Positive |
https://www.businesstoday.in/latest/biz-eod/biz-eod-ril-counters-govt-petition-rinfra-wins-rs-1250-crore-arbitration-award-mandm-rejigs-auto-farm-divisions/story/392513.html | Mukesh Ambani-led Reliance Industries countered government's petition in the Delhi High Court seeking to impose non-payment of $3.5 billion in an international arbitral award of Panna-Mukta and Tapti production-sharing contracts case. Anil Ambani-led Reliance Infrastructure said it has won Rs 1,250 crore arbitration aw... | reliance infrastructure wins arbitration award against government-owned damodar valley corporation. reliance says it has won Rs 1,250 crore arbitration award against government-owned damodar valley corporation. a tepid response is unlikely to delay the government's proposed privatisation plan schedule. a spokesman for ... | Positive |
https://www.financialexpress.com/industry/banking-finance/sbi-chief-rajnish-kumar-says-more-calibrated-responses-from-govt-expected-as-impact-of-covid-19-unfolds/1910392/ | Terming the relief package as timely intervention, SBI Chairman Rajnish Kumar on Thursday said more calibrated responses in coming weeks expected as the impact of pandemic COVID-19 unfolds. He said the relief package announced by the Finance minister is timely, well intentioned and has combined both cash transfers and ... | finance minister unveils relief package. package includes free foodgrain and cooking gas to poor for next three months. one-time doles to women and poor senior citizens also included. ration card holders will get 5 kg of wheat or rice and one kg of preferred pulses free of cost every month for next three months. ration... | Positive |
https://economictimes.indiatimes.com/industry/services/property-/-cstruction/commercial-realty-deal-volumes-sink-by-94-percent-in-january-may/articleshow/76679150.cms | Samvat 2080 Opens on a Positive Note Samvat 2080 started on a steady note for investors with India’s stock benchmarks gaining over half a per cent in the special 60-minute Muhurat trading session on Sunday evening to mark the start of the traditional Hindu new year.
Insolvency Gets All Personal Now in Boost for Recove... | india's stock benchmarks gained over half a per cent in the special 60-minute Muhurat trading session on Sunday evening. the move marks the start of the traditional Hindu new year. bankruptcy proceedings against personal guarantors of loans to defaulter companies will open up a new window of recovery. a new ruling by t... | Positive |
https://www.financialexpress.com/industry/samsung-goes-green-with-sustainable-gadget-packing/1504168/ | In support of environmental conservation, Korean technology giant Samsung will be replacing plastic packaging materials for its products, presently deemed ‘non-recyclable’, with paper and other environmentally sustainable materials. The company has also increased the usage of non-conventional energy sources by going so... | Samsung will replace plastic packaging materials with paper and other sustainable materials. the company has also increased the usage of non-conventional energy sources by going solar at its R&D centre in Bengaluru. the company has formed a taskforce involving design and development, purchasing, marketing and quality c... | Positive |
https://www.moneycontrol.com/news/trends/entertainment/loved-lust-stories-now-get-ready-for-ghost-stories-as-directors-team-returns-to-netflix-4689361.html | Representative image
We all know what a treat it was for Netflix and the viewers when the directors' team comprising Anurag Kashyap, Zoya Akhtar, Karan Johar and Dibakar Banerjee came together last time for the series -- Lust Stories.
The band of directors is returning to the platform. But this time, not with stories... | Lust Stories directors team up again for new anthology called ghost stories. the horror genre is the most successful genre in terms of ROI. it has the highest ROI not only in india but Hollywood too. the anthology will be released on january 1, 2020. a new eponymous film will be released in january 2020. | Positive |
https://economictimes.indiatimes.com/news/economy/indicators/indias-gdp-growth-rises-to-7-2-in-december-quarter/articleshow/63111337.cms | Apple Rings Louder: Sept Qtr Sees Record Revenue in India Apple Inc set a new quarterly revenue record in India with a strong double-digit year-on-year growth in the September quarter, chief executive Tim Cook said on Friday, adding that the world’s second-largest smartphone market is a key focus for the Cupertino, US-... | apple set a new quarterly revenue record in india with a strong double-digit year-on-year growth in the September quarter. the world's second-largest smartphone market is a key focus for the cupertino, us-based company where it currently has a low share. luxury car buyers in india are getting younger with two out of fi... | Positive |
https://economictimes.indiatimes.com/industry/banking/finance/mastercard-usaid-join-hands-for-project-kirana-to-empower-women-through-financial-inclusion/articleshow/79302150.cms | New Delhi: Global payments technology major Mastercard has joined hands with development agency USAID for the Project Kirana that will help increase revenue streams, expand financial inclusion and digital payments adoption of kirana shops that are owned or operated by women. To begin with, as many as 3,000 such women a... | Mastercard joins hands with USAID for the project Kirana. the two-year project will focus on building financial and digital literacy skills. the company has committed USD 33 million in India. it is a "powerful initiative" and will help bring SMEs and empower women entrepreneurs. a spokesman for the company says the pro... | Positive |
https://www.livemint.com/Industry/J6uQDEC9pqS7ZqQzfmmzuJ/UK-joins-International-Solar-Alliance-to-mark-Narendra-Modi.html | London: The United Kingdom on Monday joined the India-led International Solar Alliance (ISA) ahead of Prime Minister Narendra Modi’s four-day visit to Britain. At an event held at the London Stock Exchange as part of the Commonwealth Heads of Government Meeting 2018 (CHOGM), Britain formally announced its membership of... | the united kingdom has joined the international solar alliance (ISA) the alliance aims to raise $1 trillion of private and public finance to provide affordable and sustainable energy for all by 2030. the partnership will involve providing expertise and advice to the alliance, but no monetary contributions. the uk's int... | Positive |
https://www.financialexpress.com/investing-abroad/featured-stories/invest-at-least-20-per-cent-in-international-stocks-heres-how-to-diversify-your-investment-portfolio/1956127/ | Are you missing out on the real action when it comes to investments? Look at where the high net worth individuals (HNIs) and ultra HNIs are putting their money for wealth creation. According to the Reserve Bank of India, in 2018-19, $422 million was spent by Indians on buying equity and debt instruments outside India. ... | in 2018-19, $422 million was spent by Indians on buying equity and debt instruments outside India. the proportion of global individual wealth in key asset classes was 25.7 per cent in equities, 45.5% in debt, 15.8 per cent in real estate, and the balance 13 per cent in alternate assets, including gold. even investments... | Positive |
https://economictimes.indiatimes.com/industry/cons-products/fmcg/expect-india-to-be-huge-growth-driver-amway/articleshow/68010105.cms | US-based direct selling major Amway Inc expects India to be a huge growth driver for the company and play a role in its global supply chain through innovative herbal products, a top company official said Friday.The company also aims a sustained double-digit growth in the next five years in India, a market which it is e... | amway expects to see double-digit growth in the next five years in india. the country is ranked seventh after China, US, South Korea, Japan, Thailand and Taiwan. the company has already set a target of USD 1 billion sales in india by 2025. in 2017-18, the firm had sales of Rs 1,800 crore and expects to touch Rs 2,000 c... | Positive |
https://economictimes.indiatimes.com/tech/hardware/iphone-7-now-being-made-in-india/articleshow/68680102.cms | Elevate Your Tech Prowess with High-Value Skill Courses Offering College Course Website MIT MIT Technology Leadership and Innovation Visit IIT Delhi IITD Certificate Programme in Data Science & Machine Learning Visit Indian School of Business ISB Professional Certificate in Product Management Visit
NEW DELHI: NEW DELH... | apple has started manufacturing the iPhone 7 model in india, in addition to iPhone SE and iPhone 6s. the move signals its intention of developing the country as a manufacturing hub. the cost of making iPhone 7 devices in India is cheaper than importing them due to the duty concessions any handset maker gets on local ma... | Positive |
https://www.financialexpress.com/budget/budget-2019-godrej-nestle-united-against-corporate-tax-say-reduction-needed-for-big-cos/1607733/ | Union Budget 2019 India: As the time for Budget 2019 draws near, several industrialists have spoken about the industry reforms that they expect from it. Nestle and Godrej, two of the biggest FMCG companies in India, have also joined the bandwagon and spoken about the need to reduce corporate taxes. “Any steps to reduce... | several industrialists have spoken about the industry reforms that they expect from it. Nestle and Godrej, two of the biggest FMCG companies in india, have also joined the bandwagon. also speaking at the same event was Adi Godrej, who said that there is a need to reduce corporate taxes for bigger companies. expectation... | Positive |
https://www.financialexpress.com/india-news/officers-of-audit-and-accounts-service-guardians-of-public-trust-financial-prudence-says-president-ram-nath-kovind/1316270/ | Asserting that CAG reports play a pivotal part in enforcing accountability on the executive, President Ram Nath Kovind said Monday that officers of the Audit and Accounts Service are guardians of public trust and financial prudence. The president was addressing separate groups of officer trainees of the Indian Audit an... | president says officers of the audit and accounts service are guardians of public trust. he says officers of the trade service too have an important role in restoring trade. despite the information age, there is still a large segment of population that lacks awareness. he says the strength of a nation is assessed by th... | Positive |
https://www.financialexpress.com/lifestyle/health/cipla-inks-licensing-pact-with-gilead-sciences-for-potential-covid-19-treatment-drug-remdesivir/1957303/ | Homegrown pharma major Cipla Ltd on Wednesday said it has signed a non-exclusive licensing agreement with Gilead Sciences Inc for manufacturing and distribution of investigational drug remdesivir, a potential therapy for COVID-19.
The medicine has been issued an Emergency Use Authorization (EUA) by the US Food and Dru... | the drug has been issued an emergency use authorization (EUA) by the US Food and Drug Administration (FDA) to treat COVID-19 patients. under the agreement, Cipla will be permitted to manufacture the API and finished product, and market it in 127 countries, including India and South Africa. the company further said it w... | Positive |
https://www.financialexpress.com/investing-abroad/featured-stories/investing-abroad-home-prices-in-20-u-s-cities-accelerate-the-most-since-2018/2094773/ | Bloomberg: Home prices in 20 U.S. cities gained in July, pushed higher by demand for housing that has been fueled by low mortgage rates.
The S&P CoreLogic Case-Shiller index of property values increased 3.9% from 2019, beating the estimate of 3.6%. It was the biggest year-over-year increase since December 2018.
The h... | the housing market has been an unexpected bright spot for the U.S. economy. a shortage of inventory has helped prop up prices. the biggest increases came in Phoenix (9.2%), Seattle (7%) and Charlotte (6%) new york (1.3%), Chicago (0.8%) and San Francisco (2.5%) saw the smallest gains. the pandemic has fueled a narrativ... | Positive |
https://www.financialexpress.com/industry/ioc-resumes-work-on-rs-1-04-lakh-cr-worth-of-projects/2017544/ | Indian Oil Corporation (IOC), the nation’s biggest oil firm, on Wednesday said with easing of lockdown restrictions, it has resumed work on projects worth Rs 1.04 lakh crore which will help address future energy demand as well as kickstart the economy.
IOC said it is on track to achieve its planned capital spending of... | IOC said it is on track to achieve its planned capital spending of Rs 26,143 crore in the fiscal to March 2021. future capex depends on long-term demand potential in the country. major pipeline projects where works have resumed include the Rs 3,338 crore Paradip-Hyderabad pipeline. the government is falling back on pub... | Positive |
https://www.moneycontrol.com/news/business/sbi-hul-tie-up-for-digital-payment-for-retailers-bank-to-provide-paperless-overdraft-of-up-to-rs-50000-5910341.html | live bse live
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State Bank of India (SBI) and Hindustan Unilever Ltd (HUL) have partnered to cater to the needs of small retailers of HUL by providing them digital payment and financing solutions.
Under the partnership, SBI will digitally empower HUL retailers and distributors through... | SBI will digitally empower HUL retailers and distributors. bank will also offer instant paperless overdraft facility of up to Rs 50,000 to retailers for their billings with distributors. the company will start the pilot in Mumbai and Bengaluru. to ensure customers get the option of digital payments in smaller towns as ... | Positive |
https://www.moneycontrol.com/news/business/bse-star-mf-processes-43-55-lakh-transactions-in-july-4278851.html | Leading stock exchange BSE on August 1 said its mutual fund distribution platform has processed 43.55 lakh transactions in July 2019.
"The previous best was 42.50 lakh transactions in April 2019," the exchange said in a release.
The platform, BSE StAR MF, has also registered 2.38 lakh new SIPs (Systematic Investment ... | the platform has processed 43.55 lakh transactions in July 2019. the previous best was 42.50 lakh transactions in April 2019. the platform has also registered 2.38 lakh new SIPs. the app has processed over 26,000 transactions amounting to Rs 470 crore. bourse: the platform has surpassed 1.21 crore transactions in the f... | Positive |
https://economictimes.indiatimes.com/news/economy/finance/economy-to-grow-at-higher-rate-in-coming-quarters-niti-aayog/articleshow/65626608.cms | Terming as 'excellent news' the 8.2 per cent GDP growth in the first quarter of 2018-19, Niti Aayog Vice Chairman Rajiv Kumar said today that it will surely be higher in the coming quarters.The Indian economy grew at 8.2 per cent in the first quarter of 2018-19 on good show by manufacturing and farm sectors."Excellent ... | the growth rate will surely be higher in the coming quarters," Kumar said. the growth cemented India's position as the fastest growing major economy. it clocks higher expansion rate than China's 6.7 in the same quarter. the gross domestic product (GDP) at constant prices in the first quarter of 2018-19 is estimated at ... | Positive |
https://www.financialexpress.com/economy/more-evidence-of-gsts-benefit-for-economy-dramatic-growth-in-warehousing-space/1335369/ | GST boost for Indian economy: Amid dissenting voices on success and effectiveness of the GST, here’s yet another proof that India’s sweeping indirect tax reform has provided a major impetus to the economy, in the dramatic rise in handling of goods. GST has improved efficiencies and cost savings for warehouses, resultin... | GST has improved efficiencies and cost savings for warehouses. warehousing spaces expected to witness an increase of 112% by 2021. implementation of GST is leading to consolidation in larger warehouses. this in turn, is driving the demand for efficient and larger warehouses. the total warehouse space in eight primary l... | Positive |
https://www.financialexpress.com/industry/technology/india-as-an-imaging-destination-has-huge-potential-says-kazutada-kobayashi-president-ceo-canon-india/1323933/ | Canon’s entry-level DSLR cameras have seen remarkable growth and continue to remain the most popular choice amongst users. The Japanese imaging major is optimistic its all-new Canon EOS R system will be a winner in the mirrorless market. “We are positive about EOS R contributing immensely to Canon India’s overall busin... | the entry-level DSLR cameras have seen remarkable growth. the all-new Canon EOS R system will be a winner in the mirrorless market. "we are positive about EOS R contributing immensely to Canon India's overall business," says president & CEO, Kazutada Kobayashi. the company achieved a landmark double-digit growth at the... | Positive |
https://www.financialexpress.com/economy/gst-collections-in-september-rise-to-near-pre-covid-levels-revenue-from-these-two-areas-shoot-up/2095987/ | GST collections in the month of September showed a strong sign of recovery after subdued collections in the previous months. The government collected Rs 95,480 crore as gross GST revenue in the month, according to the Ministry of Finance. The GST revenue for the month is 4 per cent higher than the same month last year.... | the government collected Rs 95,480 crore as gross GST revenue in the month. the revenue for the month is 4 per cent higher than the same month last year. the recovery in the GST collections has come as a respite for the government. the government has also collected Rs 89,090 crore in the month of august. a spokesman fo... | Positive |
https://economictimes.indiatimes.com/news/economy/indicators/young-population-ready-to-adapt-more-confident-of-future-standard-chartered-survey/articleshow/77417674.cms | A large section of the global young population led by India is confident of their future despite lower salaries and the possibility of a further hit on jobs and income due to the Covid-19 pandemic as they are prepared to adopt to a new world to work harder and use digital technologies, a survey by UK based bank Standar... | survey by bank reveals large section of young population confident of their future. 12,000 people aged 18 or above were surveyed in 12 markets. a large portion of the global young population is confident of their future. a large portion of the global young population led by india is confident of their future. the young... | Positive |
https://www.businesstoday.in/current/economy-politics/west-bengal-june-unemployment-rate-of-65-far-better-than-rest-of-india-says-mamata-banerjee/story/408888.html | Referring to a report of the Centre for Monitoring Indian Economy (CMIE), West Bengal Chief Minister Mamata Banerjee said on Saturday that the state's unemployment rate stood at 6.5 per cent in June this year, which was "far better" than that of the country at 11 per cent.
She said this is due to the economic strategy... | west Bengal chief minister says unemployment rate is "far better" than that of the country. she says the state's economic strategy is to tackle the COVID-19 crisis. the unemployment rate fell to 11 per cent in June from 23.5% in may. the country's economy is recovering after the lockdown restrictions were eased. a chin... | Positive |
https://www.moneycontrol.com/news/business/samsung-to-consolidate-its-position-in-tv-segment-in-india-3785951.html | Samsung Electronics would further consolidate its lead in the LED TV segment, helped by India-specific innovations and by providing affordable finance solutions to its consumers, said a company official.
Samsung is witnessing "strong momentum" in sales of smart TVs in metros, tier II, III and IV cities helped by facto... | Samsung Electronics is witnessing "strong momentum" in sales of smart TVs in metros, tier II, III and IV cities. the company would continue to invest to add advanced features as IoT and AI in the segment. Samsung is growing over 60 per cent in the 32-inch screen size LED TV segment. the penetration of TV in the Indian ... | Positive |
https://www.financialexpress.com/industry/cdpq-piramal-form-300-million-platform-for-private-credit-financing-in-india/1858402/ | Global institutional investor Caisse de dépôt et placement du Québec (CDPQ) and Piramal Asset Management Pvt Ltd on Thursday announced a platform of USD 300 million (over Rs 2,135 crore) for private credit financing opportunities in India. Piramal Asset Management Pvt Ltd is a wholly owned subsidiary of Piramal Enterpr... | the platform will offer private credit solutions to companies across various industries in India. the partnership is aligned with both CDPQ’s investment strategy in a country with significant long-term economic growth potential. the platform aims to leverage the significant market opportunity for alternative pools of c... | Positive |
https://www.financialexpress.com/industry/panasonic-to-share-technology-manufacturing-ecosystem-with-local-makers/2101124/ | Consumer electronics major Panasonic India on Thursday said it would provide factory solutions to the domestic manufacturers by sharing its technology and manufacturing ecosystem with them.
The company has opened its Jhajjar (Haryana) facility for its strategic partners under the initiative beginning with refrigerator... | Panasonic opens its Jhajjar facility for strategic partners. will share its IoT platform with the partner brands. will also share 'Engineered by Panasonic' tag on their products. will reduce dependency on imports and drive up local consumption. 'this will reduce dependency on imports, drive up local consumption and exp... | Positive |
https://economictimes.indiatimes.com/industry/cons-products/liquor/online-home-delivery-will-make-liquor-more-accessible-to-women-buyers-united-spirits-ltd/articleshow/76403079.cms | MUMBAI: United Spirits Ltd., India’s biggest liquor company with a brand portfolio that includes Johnnie Walker and McDowell, said home delivery and online sales will not just expand the basket size but also help more women consumers.“In many states, women do not want to go into a retail store to buy alcohol – it’s jus... | a dozen states including Maharashtra, west Bengal, Delhi, Punjab and Tamil Nadu have allowed home delivery of liquor. a number of companies are also launching online and home delivery. the government is also making sure the new delivery channels are available. the lockdown has also affected the access of people to the ... | Positive |
https://www.businesstoday.in/sectors/pharma/axiostat-india-first-usfda-approved-wound-dressing-product/story/279318.html | Being touted as the first US Food and Drug Administration (USFDA) approved wound-care product from India, Axiostat stops uncontrolled bleeding from wounds. Easy to use, it is a handy pack of about 8X8 centimetres. The patch when applied on a wound, reacts with blood and within a minute of application forms a clot and b... | leo mavely, founder and CEO of Bengaluru-based Axio Biosolutions, says the product is the first US FDA approved wound-care product from India. the company has supplied the product to the Indian army and some of the military and private (corporate) hospitals. the product is made 100 per cent from the active ingredient -... | Positive |
https://www.businesstoday.in/current/economy-politics/smart-cities-iot-big-business-maharashtra/story/271017.html | Maharashtra is going to offer huge opportunity for infrastructure developers with about 12 smart cities coming up in the state, said experts speaking at a seminar on 'Smart Cities and Internet of Things' at the Magnetic Maharashtra investment summit in Mumbai.
The state can fast implement smart cities as there are 30 ... | experts spoke at a seminar on 'Smart Cities and Internet of Things' at the Magnetic Maharashtra investment summit in Mumbai. the state can fast implement smart cities as there are 30 million internet users. the state has a $400 billion economy growing at 8-9 percent. it can become a trillion dollar economy if its grows... | Positive |
https://www.moneycontrol.com/news/business/commodities/top-oil-producers-agree-on-record-output-cuts-5137231.html | Top oil-producing countries agreed Sunday to record output cuts in order to boost plummeting oil prices due to the new coronavirus crisis and a Russia-Saudi price war.
OPEC producers, dominated by Saudi Arabia, and allies led by Russia met via videoconference for an hour Sunday in a last-ditch effort to cement an acco... | OPEC producers, dominated by Saudi Arabia, and allies led by Russia meet for an hour. in a compromise, Mexico comes onboard to cut 9.7 million barrels per day from may. the deal is expected to boost plummeting oil prices due to the new coronavirus crisis. the oil price slump has been exacerbated by a Russia-saudi price... | Positive |
https://www.moneycontrol.com/news/business/microsoft-unveils-investment-to-make-greece-a-regional-hub-for-cloud-services-5924241.html | Microsoft Corp. will invest in cloud services infrastructure in Greece, a boon to the country's economy that has been weakened by a decade-long debt crisis and the coronavirus pandemic, senior executives of the technology giant said on Monday.
"We are investing today in research and technology in Greece," Microsoft Pr... | Microsoft will invest in cloud services infrastructure in Greece. the investment will bring financial benefits of 1.0 billion euros to the country. the country has been weakened by a decade-long debt crisis and the coronavirus pandemic. the country has been weakened by the debt crisis and the coronavirus pandemic... th... | Positive |
https://www.moneycontrol.com/news/technology/sandbox-environment-will-help-fintechs-tackle-systemic-risks-3899521.html | The Regulatory Sandbox proposed by the RBI is a great move to enable fintech lenders to prop up their innovation efforts and continue to employ disruptive technologies for enhanced results. The Sandbox environment will allow fintech companies to beta-test multiple innovation and technology initiatives with minimal capi... | the Regulatory Sandbox is a great move to enable fintech lenders to prop up innovation efforts. the initiative will allow fintech companies to beta-test multiple innovation and technology initiatives with minimal capital expenditure. the'sandbox' environment will allow disruptive technology to be tested real-time withi... | Positive |
https://www.moneycontrol.com/news/business/markets/wall-street-gains-as-banks-jj-kick-off-earnings-5145861.html | US stock markets opened more than 1 percent higher on Tuesday as the quarterly earnings season kicked off with JPMorgan and Johnson & Johnson giving a first glimpse of the coronavirus outbreak's impact on corporate America.
The Dow Jones Industrial Average rose 299.80 points, or 1.28 percent, at the open to 23,690.57.... | the Dow Jones industrial average rose 299.80 points, or 1.28 percent, at the open to 23,690.57. the S&P 500 opened higher by 43.47 points, or 1.57 percent, at 2,805.10. the Nasdaq Composite gained 160.79 points, or 1.96 percent, to 8,353.21 at the opening bell. | Positive |
https://www.moneycontrol.com/news/business/stocks/lt-share-price-up-3-after-heavy-engineering-arm-bags-order-of-rs-1000-2500cr-in-q4fy20-5152611.html | live bse live
nse live Volume Todays L/H More ×
Larsen & Toubro share price was up 3 percent intraday on April 16 after the heavy engineering arm of the company had won significant contracts in Q4 of FY20.
The unit secured orders for Key Gasification Equipment from Wuhan Engineering Ltd, China against stiff Chinese ... | heavy engineering arm of the company wins significant contracts in Q4 of FY20. the unit secured orders for key gasification equipment from china. the company also bagged order from the Indian army. the firm maintains an overweight stance on the stock with target of Rs 941 per share. a sharp correction in the stock pric... | Positive |
https://economictimes.indiatimes.com/magazines/panache/realme-will-unveil-tv-smartwatch-in-india-x50-pro-player-edition-one-of-the-8-launches-in-china/articleshow/75845162.cms | Time for new, time for all eyes to be on you. Time to claim what's long due, time for everyone to watch-you!It’s… https://t.co/p60FNJicXn — realme Link (@realmeLink) 1589862628000
Get ready to experience #RealPicture #RealSound, and deep-dive into the world of imagination with #realmeSmartTV!L… https://t.co/cguF8pjL1m... | the Chinese smartphone manufacturer will showcase the much-anticipated TV and smartwatch, along with other accessories, in India. the online launch event will be streamed on Realme's YouTube channel, and its social media platforms. the new device will be equipped with 24W Dolby Quad Stereo Speakers, MediaTek's quad-cor... | Positive |
https://economictimes.indiatimes.com/industry/cons-products/electronics/lg-to-scale-up-local-smartphone-production-upto-15x-by-diwali-apply-for-pli-scheme/articleshow/76808111.cms | South Korean electronics major LG is sensing a “window of opportunity” provided by the anti-China mood in India currently, and plans to utilise it to make a comeback in the smartphone market by focusing on the popular under Rs 15,000 price segment this year, scaling up local manufacturing by almost 15 times by Diwali a... | south Korean electronics major sees a 'window of opportunity' in india. scaling up local manufacturing by almost 15 times by Diwali. focusing on the popular under Rs 15,000 price segment. plans to apply for the production-linked incentive scheme. 'we are ready with innovation, expertise and strategy to address every ki... | Positive |
https://www.financialexpress.com/market/motherson-sumi-share-price-triples-in-8-months-up-5-today-on-vision-2025-should-you-buy/2134349/ | Motherson Sumi Systems share price surged nearly 5 per cent to Rs 146.30 apiece on BSE after the company shared its Vision 2025, with ambitious revenue and returns targets. The stock has been on a gaining spree and added over 12.5 per cent in six trading sessions. At the analyst meet, Vision 2025 was emphasized with a ... | motherson sumi systems shares ended 5.16 per cent up at Rs 146.75 apiece on BSE. the company has been on a gaining spree and added over 12.5 per cent in six trading sessions. the company has a vision of $36bn revenue in 2024-25 with 40 per cent ROCE. as part of Vision 2025, Motherson Sumi Systems will be expanding into... | Positive |
https://www.moneycontrol.com/news/business/markets/market-live-sensex-opens-at-record-high-nifty-reclaims-11000-midcaps-trade-strong-2701131.html | July 12, 2018 / 02:54 PM IST
The share price of Axis Bank gained 1.6 percent intraday on Thursday, taking total gains of five consecutive sessions to 6 percent after global brokerage house Macquarie expects it to rally further 15 percent.
The research house has a Buy call on the stock with a target price at Rs 615 pe... | the share price of Axis Bank gained 1.6 percent intraday on Thursday. the bank is now trading at a target price of Rs 615 per share. external candidates are preferred for the position of CEO. internal candidates include current DMD V Srinivasan and ED Rajiv Anand. the bank has recommended three candidates for the posit... | Positive |
https://www.moneycontrol.com/news/economy/policy/launch-of-social-stock-exchange-may-mark-a-new-chapter-in-impact-financing-in-india-5554221.html | India's social sector is set for a period of growth. Finance Minister Nirmala Sitharaman's 2019 Budget declaration was a timely intervention in this regard when she announced the setting up of a Social Stock Exchange (SSE) under the ambit of the Securities and Exchange Board of India (SEBI).
The SSE, a first of its ki... | the social stock exchange (SSE) would allow for listing social enterprises and voluntary organisations working for the realisation of social welfare objective. the first of its kind for the country would allow them to raise capital as equity, debt, grants, or performance-linked payments. india faces an annual financing... | Positive |
https://www.moneycontrol.com/news/business/how-indian-startups-are-jumping-onto-the-work-from-home-bandwagon-5046421.html | Bhavin Turakhia, founder of Flock and cofounder of Zeta
It is hard to avoid news about the spread of Coronavirus globally. Stock markets have dropped, production and supply chains worldwide are affected, and international travel is shutting down.
In such times, keeping a level head is the first step to combating the ... | the pandemic of Coronavirus is an opportunity for startups in India to experience the benefits of remote work. if this style of work turns out to be successful within the startup ecosystem in india, we could be looking at wider adoption of the ‘work from home’ model across larger organizations. a recent survey by Shine... | Positive |
https://www.financialexpress.com/industry/work-from-home-effect-data-centres-new-asset-class-in-realty-as-indias-data-consumption-rises-during-covid/2006266/ | DATACENTRES HAVE emerged as the new asset class in real estate, as India’s appetite for consuming data increases at a rapid pace and firms scramble to add more capacity for storage. More so in the present times, as work from home (WFH) has become the new normal and domestic consumption is rising, which further brighten... | DATACENTRES have emerged as the new asset class in real estate. there is rise in interest from real estate, private equity and infrastructure funds. analysts anticipate growth in cloud services due to IoT and 5G. in 2020, the most active markets are Navi-Mumbai and Chennai. in 2021, Bangalore, Hyderabad and Noida are e... | Positive |
https://www.financialexpress.com/industry/swiggy-byjus-add-weight-as-pe-investments-climb-new-peak-of-33-1-billion-in-2018/1430237/ | Private equity (PE) investments in India have touched the highest ever figure of $33.1 billion in 2018, across 720 transactions, with big ticket investments in consumer apps Swiggy and Byju’s adding glitter to the deal chart in the fag end of the year.
While PE investments had surpassed the previous high of $24.3 bill... | private equity (PE) investments in india have touched the highest ever figure of $33.1 billion in 2018, across 720 transactions. mega investments in consumer apps Swiggy and Byju’s helped the 2018 total vault by 36% year-on-year. of these, 40 were larger than $200 million each (by themselves accounting for 60% of the t... | Positive |
https://www.moneycontrol.com/news/business/markets/hem-securities-sees-worst-being-over-for-the-market-10-stocks-to-bet-in-fy19-2543257.html | live bse live
nse live Volume Todays L/H More ×
While the market may have fallen around 10 percent from its peak, experts such as Gaurav Jain, Director, Hem Securities believe that the worst may be over now.
“In the next quarter, the market should settle and then a pullback is likely,” Jain told Moneycontrol’s Uttar... | the market may have fallen around 10 percent from its peak, but experts say that the worst may be over. "in the next quarter, the market should settle and then there could be a pullback," says Gaurav Jain, Director, Hem Securities. he expects largecaps to move ahead and midcaps will play catch-up. he also expects a bro... | Positive |
https://www.businesstoday.in/current/economy-politics/nirmala-sitharaman-announces-rs-10000-crore-for-formalisation-of-micro-food-enterprises/story/403943.html | In an attempt to push 'Vocal for Local' outreach programme mentioned by Prime Minister Narendra Modi's address to the nation on May 12, Finance Minister Nirmala Sitharaman announced a host of measures in the third tranche of the economic stimulus. The Finance Minister announced Rs 10,000 crore for the formalisation of ... | finance minister Nirmala Sitharaman announced a host of measures in the third tranche of the economic stimulus. she announced Rs 10,000 crore for the formalisation of micro food enterprises (MFEs) unorganised MFE units would require technical upgradation to attain FSSAI food standards. sitharaman also advocated cluster... | Positive |
https://www.moneycontrol.com/news/business/economy/corporate-tax-rate-cut-higher-psu-dividend-payouts-to-help-govt-tide-over-fiscal-slippage-worries-4478951.html | Though the cut on corporate tax announced by the government on September 20 may derail its fiscal consolidation plans, it is expecting to make up the gap through funds from other sources.
"There will be fiscal slippage. But it can be covered to a large extent. The public sector enterprises (PSEs) would have a decrease... | government announced a cut on corporate tax on September 20. the cut is expected to boost profitability of companies. if companies register higher profits, they are likely to pass on higher-than-budgeted dividends. the government is expecting to make up the gap through funds from other sources. the fiscal deficit gap i... | Positive |
https://www.financialexpress.com/economy/amit-shah-praises-pm-modi-fm-sitharamam-for-landmark-reform-initiatives/1961259/ | Union Home Minister Amit Shah on Saturday complimented Prime Minister Narendra Modi and Finance Minister Nirmala Sitharamam for the “landmark” reform initiatives in defence, aviation, coal and some other sectors, saying these were unprecedented steps to make India self-reliant.
In a series of tweets, Shah said the pri... | home minister congratulates prime minister for 'landmark' reform initiatives. he says the government's'mantra' of'reform, perform and transform' is key to growth. he said a strong, secure and empowered India is his top priority. he thanked the prime minister for the 'futuristic decisions' to push aviation sector. | Positive |
https://economictimes.indiatimes.com/news/politics-and-nation/maharashtra-government-announces-rs-150-crore-compensation-package-for-onion-farmers/articleshow/67181594.cms | Saab Bags India’s First 100% FDI in Defence Project India has cleared the first 100% foreign direct investment (FDI) in the defence sector, with permissions granted to Sweden’s Saab to set up a new facility that will manufacture rockets.
Steady Loan Demand, Fall in Provisions Lift SBI Profit 8% State Bank of India (SB... | first 100% foreign direct investment in defence sector cleared. permission granted to Sweden's Saab to set up rocket manufacturing facility. 8% increase in second-quarter net profit on steady credit demand. lender expects robust loan growth, underpinned by broad-based economic expansion. sBI expects robust loan growth,... | Positive |
https://www.moneycontrol.com/news/business/commodities/crude-oil-futures-gain-3-99-up-168-67-from-april-lows-5272221.html | Crude oil futures gained to Rs 2,136 per barrel on May 15 as participants increased their long position. Oil price jumped after data from China showed crude consumption picked up in April as refineries ramped up operations.
MCX May crude futures have gained 168.67 percent from the low of Rs 795 it hit on April 28.
Th... | crude oil futures gain 168.67 percent from low of Rs 795 on may 28. MCX crude futures have support at Rs 2,080 with resistance at Rs 2,210. IEA said global oil demand was improving stronger than expected. a fall in US weekly inventories and output cut effects from OPEC plus nations supported crude oil prices. | Positive |
https://economictimes.indiatimes.com/markets/stocks/news/fed-on-track-to-hike-rates-regardless-of-emerging-market-woes/articleshow/64496872.cms | Bloomberg
Emerging markets struggling with higher U.S. interest rates are likely to get little sympathy from the Federal Reserve.Currencies of such nations have been hammered in a spreading selloff amid worries that their economies won’t cope with higher U.S. borrowing costs. That’s prompted central bankers in India a... | the u.s. economy is powering ahead, adding over a million jobs in the first five months of 2018. the central bank is tasked with achieving stable prices and full employment. the u.s. economy is powering ahead, adding over a million jobs in the first five months of 2018. the u.s. economy is powering ahead, adding over a... | Positive |
https://www.financialexpress.com/industry/global-startup-ecosystem-report-2020-bangalore-delhi-mumbai-rated-among-worlds-top-startup-ecosystems/2004317/ | Two Indian cities on Thursday made it onto the top 40 of the world’s most favourable ecosystems to build a globally successful startup, topped by the Silicon Valley in California.
Bangalore was ranked 26th and Delhi 36th in ‘The Global Startup Ecosystem Report 2020’ by Startup Genome, with Mumbai topping a parallel “T... | Bangalore and Delhi top the list of top ecosystems for early stage startups. the rankings were released by startup Genome in california. London and new york also overtook the silicon valley in the rankings. the research found that London is among the top cities to grow a globally leading company. the research found tha... | Positive |
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