Banks, especially government-backed ones, are reluctant to lend further to telecom companies since they are already under a lot of debtfrom Moneycontrol Business News https://ift.tt/2JvfSac
Wednesday, October 31, 2018
DoT likely to raise only Rs 40,000 crore in spectrum auction: Report
Banks, especially government-backed ones, are reluctant to lend further to telecom companies since they are already under a lot of debtfrom Moneycontrol Business News https://ift.tt/2JvfSac
Bank of Baroda has taken Rs 240 crore provision on ILFS: CEO PS Jayakumar
“I would expect that our net non-performing asset (NPA) number in absolute terms to decline," Jayakumar said.from Moneycontrol Business News https://ift.tt/2Og6KH7
China#39;s factory sector barely grows in October, exports contract: Caixin PMI
The Caixin/Markit Manufacturing Purchasing Managers#39; Index (PMI) for October, released on Thursday, edged up to 50.1 from 50.0 in September. Economists polled by Reuters had forecast a reading of 49.9, just off the 50-mark that divides expansion from contraction.from Moneycontrol Business News https://ift.tt/2yKyPkR
ILFS crisis: This subsidiary was operating without capital for three financial years
The ILFS board said that loans of more than Rs 1,500 crore provided to one of the companies in the group had been routed through eight other subsidiariesfrom Moneycontrol Business News https://ift.tt/2EWPYxw
Kajaria Ceramics: Robust Q2 performance in a tough market
Increase in crude oil and a weaker rupee will continue to have a bearing on natural gas prices and keep a check on margin over the next few quartersfrom Moneycontrol Business News https://ift.tt/2AEPNCU
Glenmark launches hair loss treatment product in Russia
The product catering to both male and female patients will be exclusively marketed in Russia by Glenmark Impex LLC, a subsidiary of the company, under a licensing agreement with Denmark#39;s Pharma Medico ApS.from Moneycontrol Business News https://ift.tt/2DgjrAL
Gold price increase to dampen Indian festive purchases: World Gold Council
A fall in demand from the world#39;s second-biggest bullion buyer could weigh on global prices that are already down 6.5 percent so far this year.from Moneycontrol Business News https://ift.tt/2SBgJKE
HDFC Q2 preview: Double-digit growth likely, asset quality expected to improve
Asset quality has remained healthy over past several quarters, and the trend is likely to continue, Motilal Oswal said, adding that asset quality in the corporate loan book would be a key monitorablefrom Moneycontrol Business News https://ift.tt/2AEBZbm
Will achieve lower double-digit volume growth in FY19: Dabur India
The festive season shifting to Q3 has slowed the pace of growth. However, the company expects a recovery going forward.from Moneycontrol Business News https://ift.tt/2ESZQYY
Delta Corp, Tata Elxsi among top 5 Muhurat Trading picks: Dipan Mehta
I feel that select small and mid-cap stocks will continue to deliver earnings growth and as and when macro and political uncertainties are resolved, PE multiples for these segments will again expand, says Dipan Mehta, Director, Elixir Equities.from Moneycontrol Business News https://ift.tt/2AEBZIo
Ease of Doing Business 2019: Here are the top 10 countries
The annual report ranks countries on business-friendliness, procedural ease, regulatory architecture and absence of bureaucratic red tapefrom Moneycontrol Business News https://ift.tt/2SAWRak
Maruti Suzuki October sales grow 0.2% on tepid domestic, weak exports growth
Compact segment, which contributed 44 percent to total sales, registered a 3.7 percent growth in month gone by, Maruti Suzuki said.from Moneycontrol Business News https://ift.tt/2Pwpln3
A first since acquisition, Tata Motors reduces JLR capex to cut costs
Another 1 billion pound in savings will be achieved through #39;profit and cost actions#39;. Inventory and working capital reductions will help save 500 million poundsfrom Moneycontrol Business News https://ift.tt/2RtsZeN
Cash-strapped Jet Airways ropes in McKinsey to help cut costs: Report
McKinsey is helping the beleaguered airline in cost-cutting measures across its functions, along with the Boston Consulting Group, which is helping with revenue enhancementfrom Moneycontrol Business News https://ift.tt/2PzCITx
China#39;s factory sector barely grows in October, export orders extend slump: Caixin PMI
The Caixin/Markit Manufacturing Purchasing Managers#39; Index (PMI) for October, released on Thursday, edged up to 50.1 from 50.0 in September. Economists polled by Reuters had forecast a reading of 49.9, just off the 50-mark that divides expansion from contraction.from Moneycontrol Business News https://ift.tt/2Rps0w0
Global brokerages expect up to 45% upside in LT after Q2 results
Macquarie has an overweight rating on LT and has raised its target price to Rs 1,880 from Rs 1,825 while JP Morgan has also maintained its overweight rating on LT with a target price of Rs 1,570from Moneycontrol Business News https://ift.tt/2PwSe2A
Global brokerages see up to 45% upside in LT after Q2 results
Macquarie has an overweight rating on LT and has raised its target price to Rs 1,880 from Rs 1,825 while JP Morgan has also maintained its overweight rating on LT with a target price of Rs 1,570from Moneycontrol Business News https://ift.tt/2qlOIK7
US-China trade battle shows deepening economic impact across Asia
China#39;s manufacturing sector barely grew last month after stalling in September and export orders contracted further, according to a private sector manufacturing report.from Moneycontrol Business News https://ift.tt/2Qg7SMY
Airtel, Vodafone Idea roll out minimum recharge plans to boost ARPU: Report
This means that users who do not recharge their plans would see outgoing calls blocked in 30 days and incoming ones in 45 daysfrom Moneycontrol Business News https://ift.tt/2P5iodl
Brokerages cut Tata Motors#39; target price, maintain views
Macquarie has maintained its outperform rating on Tata Motors, while CLSA has retained its sell ratingfrom Moneycontrol Business News https://ift.tt/2CUm1LF
SEBI may ask rating agencies to separate rating, non-rating businesses: Report
SEBI is also planning to bring a framework on compensation for rating agencies to ensure that there is a disincentive for them to assign aggressive ratingsfrom Moneycontrol Business News https://ift.tt/2JtW0UW
Canara Bank shares drop 3% despite strong Q2 results
The company reported a quarterly net profit of Rs 299.5 crore, a 15.4 percent jump from the same quarter last yearfrom Moneycontrol Business News https://ift.tt/2DhLoZ9
UK, EU agree tentative Brexit deal on financial services: Report
British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.from Moneycontrol Business News https://ift.tt/2JuJ80G
A tough road ahead for India#39;s battered rupee: Reuters poll
Investors have generally shunned emerging market assets this year, made riskier by the international trade tensions and the increasing attractiveness of dollar yields thanks to the US Federal Reserve#39;s steady pace of rate increases.from Moneycontrol Business News https://ift.tt/2JsASyp
LT sticks to FY19 guidance, expects additional govt orders before 2019 general elections
LT said growth in order inflow was primarily led by government and public sector undertakings, while the private sector investment continues to remain subduedfrom Moneycontrol Business News https://ift.tt/2DhIqnt
Volkswagen and Ford in talks on self-driving and electric vehicles: Sources
The German and US automakers are expected to provide an update on the progress of the talks before year end, said the person, who asked not to be identified.from Moneycontrol Business News https://ift.tt/2JuSV6O
Investors who have worked with Ashoka Buildcon are very happy: Satish Parakh
Ashoka Buildcon has survived the financial turbulence of the past four years, and has continued to thrive. Recently, it announced a bonus issue which thrilled shareholders.from Moneycontrol Business News https://ift.tt/2DggIaA
WhatsApp to appoint India head by year-end
WhatsApp Vice President Chris Daniels on Wednesday met IT Minister Ravi Shankar Prasad to discuss the issue of fake messages, that have in the past triggered mob killings.from Moneycontrol Business News https://ift.tt/2JuSSb8
GM offers buyouts to 18K workers after posting strong profit
The company said it needs to be smaller to prepare for tougher times that might be ahead as it continues to get ready for a future of electric and autonomous vehicles.from Moneycontrol Business News https://ift.tt/2Dgd5RV
US Federal Reserve unveils proposal to ease regulations for larger banks
The proposal stems from a law Congress passed in May that ordered the Fed to reduce regulatory burdens on community and regional lenders.from Moneycontrol Business News https://ift.tt/2JtLY6e
Enough supply of petroleum for countries to cut oil import from Iran: Trump
In May, Trump had pulled out of the 2015 landmark nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) terming it as #39;disastrous#39;.from Moneycontrol Business News https://ift.tt/2Deru0Z
Oil prices fall on signs of rising supplies, ebbing confidence on global economy
The Brent crude January futures contract lost 44 cents, or 0.32 percent, to trade at $74.72 per barrel by GMT 0054 GMT. West Texas Intermediate (WTI) crude futures fell 46 cents to $65.01 a barrel.from Moneycontrol Business News https://ift.tt/2JA8eeR
ABB India Q2 FY19 review: Leveraging the right business mix
At 40 times its CY19 earnings, the stock is richly valued, particularly in light of the 13 percent return on equityfrom Moneycontrol Business News https://ift.tt/2qlPy9P
Investors who have worked with Ashoka Buildcon are very happy: Satish Parakh
Ashoka Buildcon has survived the financial turbulence of the past four years, and has continued to thrive. Recently, it announced a bonus issue which thrilled shareholders.from Moneycontrol Business News https://ift.tt/2OeDnVK
Govt, RBI must initiate more measures to improve liquidity scenario: FICCI
It further said its members who represent SME sector have been asking for cheaper and easier availability of credit.from Moneycontrol Business News https://ift.tt/2qjvV1Y
KFC reports 25% Q3 growth in India
According to the company, this is ninth consecutive quarter of positive system sales growth for KFC India.from Moneycontrol Business News https://ift.tt/2Qakt4a
OPEC oil output rises to highest since 2016 despite Iran - Reuters survey
The 15-member Organization of the Petroleum Exporting Countries has pumped 33.31 million barrels per day this month, the survey on October 31 found, up 390,000 bpd from September and the highest by OPEC as a group since December 2016.from Moneycontrol Business News https://ift.tt/2QeOksk
WhatsApp to monetise platform with ads in #39;Status#39;
Whatsapp however, did not provide a timeframe for the rollout of this feature.from Moneycontrol Business News https://ift.tt/2SES2gq
IRB Infrastructure expects order inflows worth Rs 9,000 crore in FY19
The company had clocked a net profit of Rs 234.73 crore in the corresponding period of the previous fiscal.from Moneycontrol Business News https://ift.tt/2JtLqgy
New owner of Air Deccan, Air Odisha plans to invest $10 mn in the embattled carriers
Currently, the two scheduled commuter airlines have suspended operations temporarily due to technical reasons, according to an official.from Moneycontrol Business News https://ift.tt/2Df87VI
RBI, govt communications have not ever been disclosed: Arun Jaitley
At a news conference, the minister said he would not say anything more than what a press statement issued by his ministry on the RBI row said in the morning.from Moneycontrol Business News https://ift.tt/2Q8N89w
Lupin promises better show in H2FY19 on US price stability, new launches
The company said it sees the pricing erosion in US settle down at single digit from double digit in the previous quarters.from Moneycontrol Business News https://www.moneycontrol.com/news/business/lupin-promises-better-showh2fy19us-price-stability-new-launches_11627361.html
Ease of biz ranking: Indian can improve further, says Arun Jaitley
The BJP-led government, since coming to the power, has reduced red-tape and corruption, and its reforms have ensured India jumps ranks from 142 to 77, he said.from Moneycontrol Business News https://www.moneycontrol.com/news/business/easebiz-ranking-indian-can-improve-further-says-arun-jaitley_11627301.html
New board to execute ILFS#39; revival plan in 6-9 months
"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,†a source told Moneycontrol.from Moneycontrol Business News https://www.moneycontrol.com/news/business/new-board-to-execute-ilfs39-revival-plan6-9-months_11626781.html
India one of World Bank#39;s top reformers: Officials
In the coming years, India could very well improve its ranking further given that the impact of some of the ongoing reforms has not been fully realised or captured yet, they said.from Moneycontrol Business News https://ift.tt/2P1pNu3
ILFS to execute revival plan in 6-9 months
"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,†a source told Moneycontrol.from Moneycontrol Business News https://ift.tt/2CSanRz
Not seeking decryption, but location, identity of those sending provocative msgs: Govt to WhatsApp
After meeting with WhatsApp Vice President Chris Daniels, IT Minister Ravi Shankar Prasad said: "On the issue of traceability, I emphasised that when we talk of traceability, we don#39;t talk of decrypting messages".from Moneycontrol Business News https://ift.tt/2ADJ3VF
Apple#39;s India profit zooms 140% to Rs 896 cr in FY18
The company had registered net profit of Rs 373.3 crore in 2016-17, the documents filed with the Corporate Affairs Ministry showed.from Moneycontrol Business News https://ift.tt/2RoV2fu
Eurozone inflation rise vindicates ECB stimulus curb
Consumer price growth in the 19 countries sharing the euro picked up to 2.2 percent in October from 2.1 percent last monthfrom Moneycontrol Business News https://ift.tt/2zhvYiX
MCA may execute revival plan in next six months: Sources
"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,†a source told Moneycontrol.from Moneycontrol Business News https://ift.tt/2CTbXTl
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