The name change is part of the post-acquisition integration exercise to merge Bhushan Steel with its new parentfrom Moneycontrol Business News https://ift.tt/2OqQGq8
Sunday, September 30, 2018
Bhushan Steel to be rechristened as Tata Steel BSL Limited
The name change is part of the post-acquisition integration exercise to merge Bhushan Steel with its new parentfrom Moneycontrol Business News https://ift.tt/2OqQGq8
RBI likely to raise rates at Friday#39;s review
Despite the rise in oil prices, the headline inflation number came down to 3.69 percent for August as against 4.17 percent for July. If the RBI increases repo rate by 25 basis points (bps), then it would be the third consecutive rate hike.from Moneycontrol Business News https://ift.tt/2Ndo7Yt
Dr Reddy#39;s Labs terminates Armis Biopharma#39;s licence for its investigational antibacterial product
According to a press release issued by the Indian drug maker, as a result of the termination, Dr Reddy#39;s has regained worldwide rights to DFA-02, and is currently evaluating its options to take the programme forward.from Moneycontrol Business News https://ift.tt/2Iutlyu
GMR emerges highest bidder for Nagpur Airport project
According to a press release issued by GMR Monday the project involves upgradation, modernisation, operation and maintenance of Nagpur Airport for a period of 30 years and includes construction of a new terminal amongst other works.from Moneycontrol Business News https://ift.tt/2xRNlqD
Petrol prices at record high in India: Check how much it costs around the world
On October 1, petrol prices hit Rs 91.08/litre in Mumbai and Rs 83.73/litre in Delhi. Here#39;s a look at 10 countries where it is the cheapest and most expensive.from Moneycontrol Business News https://ift.tt/2x6jBVK
S Naren sees correction in midcaps and smallcaps, says NBFC valuations still not #39;dirt cheap#39;
S Naren of ICICI Prudential AMC believes macros are strong right now as the government has taken good decision to pass on rising oil prices and rupee depreciation.from Moneycontrol Market Outlook https://ift.tt/2QkfIo9
Exclusive: Govt moves NCLT, likely to supersede ILFS board
The government will take a Satyam-like approach to deal with ILFS situation.from Moneycontrol Business News https://ift.tt/2xPQtmM
Excl: Govt moves NCLT, likely to supersede ILFS board
The government will take a Satyam-like approach to deal with ILFS situation.from Moneycontrol Business News https://ift.tt/2xPPHpS
Dr Reddy#39;s terminates Armis Biopharma#39;s investigation license of DFA-02
According to a press release issued by the Indian drug maker, as a result of the termination, Dr Reddy#39;s has regained worldwide rights to DFA-02, and is currently evaluating its options to take the programme forward.from Moneycontrol Business News https://ift.tt/2y1NqYg
Asia factory activity sputters as trade woes hit export orders
Manufacturing activity weakened in Vietnam and Indonesia last month, while Taiwan#39;s factories grew at the slowest pace in more than two years on sluggish export orders, according to business surveys released on Monday.from Moneycontrol Business News https://ift.tt/2NWsZ9J
LIC unlikely to offer immediate line of credit to ILFS
ILFS, which has missed more than five debt payments since August and downgraded by three rating agencies, has filed an application with NCLTfrom Moneycontrol Business News https://ift.tt/2DK4EiN
Three waste-to-energy plants in Delhi causing pollution, NGT orders fresh inspection
A joint inspection committee told a bench headed by NGT Chairperson Justice A K Goel that the three plants are non-compliant with respect to the standards of the particulate matter emitted by themfrom Moneycontrol Business News https://ift.tt/2OZ5Jo0
PNB fraud: ED attaches Rs 637 crore assets of Nirav Modi, family in 5 countries
The agency said the properties, jewellery, flats and bank balances are in India, UK and New York among others.from Moneycontrol Business News https://ift.tt/2NX6dPj
Flipkart in talks to raise fresh capital from investors: Report
Walmart had indicated that it would bring in more strategic investors on board at some point. One such investor at the time was Googlefrom Moneycontrol Business News https://ift.tt/2y6nquy
Gold slips as dollar firms amid Fed rate hike view
Spot gold was down 0.3 percent at $1,188.41 at 0407 GMT. On Friday, gold touched its lowest since August 17 at $1,180.34 an ounce.from Moneycontrol Business News https://ift.tt/2NS6Tp4
Gurugram locality without water supply, residents blame builder
The association has sought help from Gurgaon Deputy Commissioner (DC) Vinay Pratap Singh and urged him to intervene and provide an alternative source of water to the residents Aardee City Societyfrom Moneycontrol Business News https://ift.tt/2y3vZGG
Painful September: BSE companies lost Rs 14 lakh cr in m-cap, 44 stocks fell 30-70%
The market capitalisation of BSE listed companies dropped sharply to Rs 144,86,401.68 crore recorded on 28 September from Rs 159,34,695.78 crore seen on August 31 which translates into a fall of Rs 14.48 lakh crore from a market capitalisation of BSE listed companies.from Moneycontrol Market Outlook https://ift.tt/2OuSbDE
India September factory growth picks up pace on strong demand and exports
The Nikkei Manufacturing Purchasing Managers#39; Index, compiled by IHS Markit, rose to 52.2 in September from 51.7 in August.from Moneycontrol Business News https://ift.tt/2y2eVRi
Maruti Suzuki September sales fall 0.5% YoY to 1.62 lakh units
Higher fuel cost, product price hikes, increasing interest rates and the on-going shraadh period hit the company#39;s retail and wholesale salesfrom Moneycontrol Business News https://ift.tt/2xNS7Ft
Maruti Suzuki September sales fall 0.5% YoY to 1.62 lakh units
Higher fuel cost, product price hikes, increasing interest rates and the on-going shraadh period hit the company#39;s retail and wholesale salesfrom Moneycontrol Business News https://ift.tt/2y6mpCK
Fearing insolvency action, defaulting companies cough up Rs 1.1 lakh crore: Report
When the Insolvency Bankruptcy Board of India (IBBI) was formed two years ago, the regulator wanted to meet bank chiefs but bankers were unwilling, the report saidfrom Moneycontrol Business News https://ift.tt/2DQKLGG
Bajaj Auto posts highest monthly sales in September, up 17% at 5.02 lakh units
Bajaj Auto said motorcycle sales in September 2018 jumped 17 percent to 4.30 lakh units and 3-wheeler sales spiked 20 percent to 71,070 units compared to corresponding month last year.from Moneycontrol Business News https://ift.tt/2Ned1Cz
Iraq aims to boost light crude exports to 1 million bpd in 2019
The light crude oil is a new grade with an API gravity of around 34-43, while the current Basrah Light grade that Iraq exports will be renamed Basrah Medium, one Iraqi industry source familiar with the matter said.from Moneycontrol Business News https://ift.tt/2xPxJ6Z
Brent oil rises to four-year high ahead of Iran sanctions, traders eye more hikes
Brent crude oil futures were trading at $83.24 per barrel at 0228 GMT, up 51 cents, or 0.3 percent, their highest level since November 2014.from Moneycontrol Business News https://ift.tt/2y01od3
Coca-Cola, Nestle Unilever shortlisted by GSK for Horlicks sale: Report
GSK is looking to sell 72.5 percent stake in its Indian subsidiaryfrom Moneycontrol Business News https://ift.tt/2DJSdDD
Petrol crosses Rs 91/litre, diesel close to Rs 80/litre in Mumbai
In Delhi, prices of compressed natural gas (CNG) rose Rs 1.7 to Rs 44.30/kg. Prices of subsidised LPG cylinders too increased Rs 2.89 at Rs 502.4 per cylinder.from Moneycontrol Business News https://ift.tt/2P1PczR
News LIVE: Maharashtra Pollution Control Board to act against manufacturers from today
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.from Moneycontrol Business News https://ift.tt/2RecJPy
Stock picks of the day: Use rallies towards 11,100-11,150 on Nifty to exit long positions
If the index sustains below 10,850 then the pressure would increase on the downside and we may see Nifty testing its 200-DMA which is placed near 10,770.from Moneycontrol Market Outlook https://ift.tt/2IrQ0LV
SBI cuts ATM cash withdrawal limit to Rs 20,000 per day: Report
The new withdrawal limit on cards will be effective from October 31, weeks before the festival seasonfrom Moneycontrol Business News https://ift.tt/2xK6uLd
Market in a selling frenzy, wait for Nifty to cross 11,171 to take a long-term call
Strong bear grip accompanied by high VIX implies we are closer to a selling climax in the market.from Moneycontrol Market Outlook https://ift.tt/2y23KIk
Podcast | Stock picks of the day: Use rallies towards 11,100-11,150 on Nifty to exit long positions
If the index sustains below 10,850 then the pressure would increase on the downside and we may see Nifty testing its 200-DMA which is placed near 10,770.from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/podcast-|-stock-picksthe-day-use-rallies-towards-11100-11150nifty-to-exit-long-positions_11484801.html
Canada, US reach deal to update NAFTA: Canadian sources
Word of the deal came as Canadian Prime Minister Justin Trudeau convened a 10 p.m. (0200 GMT Monday) Cabinet meeting to discuss the North American Free Trade Agreement talks.from Moneycontrol Business News https://ift.tt/2DJMT37
IMF, WB and WTO seek removal of barriers to service trade
The WTO Deputy Chief Economist Alexander Keck, told reporters during a conference call that service sector has an enormous contributor to growth and to trade including manufacturing trade.
from Moneycontrol Business News https://ift.tt/2xOGmyK
from Moneycontrol Business News https://ift.tt/2xOGmyK
Air India to deploy #39;Jumbo#39; jet on Mumbai, Kolkata routes in Oct-Nov
With 12 seats in first class, 26 in business and 385 in economy class, the #39;Jumbo#39; plane will operate one flight per day each to Kolkata and Mumbai from New Delhi between October 16 and October 21, Air India said in a statement.from Moneycontrol Business News https://ift.tt/2RdfDUG
Market to bounceback this week; buy these 3 LT’s subsidiaries for the long term
In the short term, all eyes on RBI’s monitory policy, but a bounceback is expected this week, says Sumit Bilgaiyan of Equity99from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/market-to-bounceback-this-week-buy3-lt’s-subsidiaries-forlong-term_11484061.html
#39;Use current sell-off to accumulate stocks trading at 2009 levels#39;
The question is whether this higher valuation range will be broken by the market this time around and will the market go to more sombre 16 P/E levels before starting its next leg up, writes Shailendra Kumar of Narnolia Financial Advisorsfrom Moneycontrol Market Outlook https://ift.tt/2Iue14I
Nifty to trade weak till it remains below 11,050-11,080 levels: Motilal Oswal
Till the Nifty remains below 11,050-11,080, overall weakness could continue towards 10,850 and then to 10,750-10,700 levelsfrom Moneycontrol Market Outlook https://ift.tt/2zG0oNe
The highs and lows in Elon Musk#39;s life: Telsa CEO to cough up $40 million in fines
From building spacecrafts and Flamethrowers to tweeting sensitive info, Elon Musk has been there and done that. Here#39;s how the business magnate/investor#39;s made headlines for the better part of the millennium, albeit not always for the right reasons.from Moneycontrol Business News https://ift.tt/2QiasRW
Amazon India unveils #39;Select#39; to help brands in growth journey
Amazon India, which competes head-on with Walmart-backed rival Flipkart, has also recently crossed the milestone of four lakh sellers on its platform.from Moneycontrol Business News https://ift.tt/2NVtfpt
Marc Faber is wrong. 2028 or 2038 or later, the rupee is unlikely to ever hit 100
Some of the reasons why this may not happen, include the new 4% inflation target and India#39;s rapid growth.from Moneycontrol Business News https://ift.tt/2QhsdB1
Government owes Air India over Rs 1146.86 crore for VVIP charter flights
Some of the oldest pending bills for the visits of the president, the vice president and the evacuation flights are nearly 10-year-old, the data furnished by Air India says.from Moneycontrol Business News https://ift.tt/2NSK9F9
IRDAI allows GIC to retain its first right to offer reinsurance in India
New regulations for the reinsurance business in India were finalised by the insurance regulator at its September 28 meeting and will apply to all segments of the insurance sector from March next yearfrom Moneycontrol Business News https://ift.tt/2Qj4wYY
News in Pics: Your daily dose of pictures from around the world
Moneycontrol brings to you select pictures that are making headlines across the globe.from Moneycontrol Business News https://ift.tt/2NS2UbW
US economic growth, rupee fall to boost Indian exports: Assocham
The US emerged as the top export destination for India, with $47.9 billion worth of shipments in the last fiscal ended March, followed by the UAE and Hong Kong, the commerce ministry data showed.from Moneycontrol Business News https://ift.tt/2Qj4uQQ
Lakshmi Vilas Bank to raise around Rs 2000 crore via preference share sale; appoints JP Morgan
Last fiscal, the bank had added over Rs 2,915 crore in fresh bad loans, leaving it with a net loss of Rs 585 crore against a profit of Rs 256 crore in the previous fiscal year.from Moneycontrol Business News https://ift.tt/2NTcThi
Godrej Locks eyes Rs 1,000 crore in sales by FY22
This year, the company aims to clock a revenue of Rs 720-750 crore from over Rs 600 crore in FY 18.from Moneycontrol Business News https://ift.tt/2QmD3FW
ITC pulls out of Horlicks, Complan acquisition race, says valuations too high
Diversified conglomerate indicates it would venture into the health food segment and build its own brand.from Moneycontrol Business News https://ift.tt/2NSXKMP
Aviation Ministry asks FinMin to decide on Air India funding soon: Report
The airline’s operations have hit a snag due to financial problems and rising duesfrom Moneycontrol Business News https://ift.tt/2QeTbcg
US, Japanese, Middle Eastern firms interested in OPaL stake
ONGC is now looking at restructuring the equity of OPaL and is exploring the option of roping in a foreign partner.from Moneycontrol Business News https://ift.tt/2NS2T7S
Mankind Pharma eyes $1 billion topline by FY21
The company is also looking at increasing its exports substantially to $100-150 million in the next three years from the present $10 million.from Moneycontrol Business News https://ift.tt/2Qla994
Tata Steel aims to raise production at Bhushan Steel’s Odisha plant to 4 MT by FY19-end
Bhushan Steel#39;s Odisha plant is presently operating at 3.5 million tonne against a capacity of 5 million tonnefrom Moneycontrol Business News https://www.moneycontrol.com/news/business/tata-steel-aims-to-raise-production-at-bhushan-steel’s-odisha-plant-to-4-mt-by-fy19-end_11484101.html
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