Automobile dealers expect weak earnings in FY19: Report

According to study, among those who expect a poorer performance this year, 71 percent said that they did not achieve their revenue target for the year.

from Moneycontrol Business News http://bit.ly/2Mog28t

Tata Motors ties up with IndianOil for #39;Saarthi Aaram Kendra#39;

The initiative provides pit stops for drivers to take rest, thereby supporting their physical and mental well-being.

from Moneycontrol Business News http://bit.ly/2Wf1D2I

As Modi 2.0 comes in, it is time to revamp Skill India

The skilling initiative needs more participation from the private sector to ensure a match between the demand and supply

from Moneycontrol Business News http://bit.ly/2YXfW96

Heads up! Market could trade in a range till Budget despite euphoria

The key event to watch out for will be the Budget by the newly elected Government

from Moneycontrol Market Outlook http://bit.ly/2WgZELA

Oil poised for biggest monthly drop in six months on trade wars

Brent futures are heading for a 10 percent slide in May and WTI for a 13 percent drop, their biggest monthly losses since last November.

from Moneycontrol Business News http://bit.ly/2JOup3B

Cox Kings posts Q4 net profit of Rs 1,388.84 cr

Consolidated total income from operations of the company stood at Rs 1,262.89 crore for the quarter under consideration. It was Rs 1,214.04 crore for the same period year ago.

from Moneycontrol Business News http://bit.ly/2KgNwTm

Nirmala Sitharaman gets top job as FM in Modi 2.0; here is what the Experts said

Nirmala Sitharaman is appointed as the finance minister is a welcome move for D-Street, says Sanjeev Jain of Sunness Capital India.

from Moneycontrol Market Outlook http://bit.ly/2Ket8lT

Know your minister | Ram Vilas Paswan - Minister for Consumer Affairs, Food and Public Distribution

The Lok Janshakti Party chief is now the Dalit face of the Modi government

from Moneycontrol Business News https://www.moneycontrol.com/news/business/know-your-minister-|-ram-vilas-paswan-minister-for-consumer-affairs-foodpublic-distribution_12599741.html

Know your minister | Dharmendra Pradhan - Petroleum, Natural Gas and Steel Minister

Pradhan, 49, a tough task-master was credited for implementation of the Pradhan Mantri Ujjawla Yojana to see LPG customer base more than double to 26 crore in just five years

from Moneycontrol Business News https://www.moneycontrol.com/news/business/know-your-minister-|-dharmendra-pradhan-petroleum-natural-gassteel-minister_12599721.html

Hinduja Global Solutions Q4 profit rises 6% to Rs 55 crore

Revenue from operations grew 27.9 per cent to Rs 1,284.58 crore in the quarter under review as against Rs 1,003.88 crore in the fourth quarter of 2017-18. The results were announced late Thursday night.

from Moneycontrol Business News http://bit.ly/2WuaFIH

US advocacy group seeks India Trade Representative under PMO

USISPF is also recommending the new government to seriously look at a Free Trade Agreement with the US which encompasses mobility.

from Moneycontrol Business News http://bit.ly/2KepuZj

How a Rs 40-crore GST fraud unfolded at Manpasand Beverages

MD Abhishek Singh, his brother Harshvardhan Singh and CFO Paresh Thakkar were arrested after a raid on May 23.

from Moneycontrol Business News http://bit.ly/2QDQPp4

Buy midcaps as history suggests broader market performs well in the first year of new govt

We can expect the next two quarters having stability in the capital markets and policy decisions during this time shaping the course of markets in the future.

from Moneycontrol Market Outlook http://bit.ly/2EIUHQA

PC Jeweller posts Rs 376.8 crore net loss in Q4

Total income, however, rose to Rs 2,203.91 crore during the January-March quarter of 2018-19 fiscal from Rs 2,114.64 crore in the corresponding period of the previous year.

from Moneycontrol Business News http://bit.ly/2JNmZxA

ICC Cricket World Cup 2019 boosts television sales

Sales of smart TVs above 32 inches have seen a 25-30 percent spike

from Moneycontrol Business News http://bit.ly/30UOH0L

#39;Modi to focus on infra spending, bet on real estate, cement and capital goods#39;

Given the recent slowdown in consumption sectors and the correction witnessed in the stocks, it provides a good entry point for the investors to play India’s consumption story

from Moneycontrol Market Outlook http://bit.ly/2Kgp58w

Expect Nifty to hit 12,400 in near term, albeit June may be volatile

Immediate support for the index is seen at 11,750 with targets placed at 12,100-12,400. A breach of 11,750 can witness some selling pressure but we expect the same to be bought into.

from Moneycontrol Market Outlook http://bit.ly/2I7A5T1

Top 20 under-owned stocks by FIIs and MFs as of Q4: do you own any?

Experts are of the view that investors should not worry too much on under-ownership of stocks by FIIs as many times it offers potential opportunity for them to top up and increase exposure in them in the future

from Moneycontrol Market Outlook http://bit.ly/2EItr4Y

Banking Financials may outperform in June series; 8 stocks which saw long rollover

Looking at the overall derivatives activity, we are expecting continuation in ongoing optimism towards 12300 – 12500 in coming weeks.

from Moneycontrol Market Outlook http://bit.ly/2wsi3pc

Amazon may be interested in buying Boost from T-Mobile, Sprint

Amazon is considering buying Boost mainly because the deal would allow it to use the new T-Mobile#39;s wireless network for at least six years

from Moneycontrol Business News http://bit.ly/2QCqs2x

Shares of Japanese automakers hit as Trump threatens Mexico with tariffs

Japan#39;s top automakers and their suppliers for decades have been building vehicles in Mexico for the domestic market and to export to the US

from Moneycontrol Business News http://bit.ly/2XnkGVm

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Shares rose 2.6 percent following a conference call with executives in which CEO Dara Khosrowshahi cited business improvements, such as fewer consumer promotions in the second quarter

from Moneycontrol Business News http://bit.ly/30VwoIF

Podcast: All the news you need to start your day

Tune in. Your daily digest of market news, views and cues.

from Economic Times http://bit.ly/2QDwMHk

Panasonic expects Rs 12,000 cr business this fiscal

The company said it expects its B2C businesses to contribute Rs 8,900 crore and B2B to contribute Rs 3,100 crore in the current fiscal

from Moneycontrol Business News http://bit.ly/2EIqz8c

Efforts to import Iranian oil beyond accepted levels will be sanctioned: US

US President Donald Trump last month refused to give waivers to countries like India from buying oil from Iran, in an attempt to reduce Iran#39;s oil exports to zero

from Moneycontrol Business News http://bit.ly/2MkxH0O

JJ asked to pay Rs 25L to 67 patients who had revision surgery for faulty hip implants

Justice Vibhu Bakhru asked the company to disburse the cheques to the claimants within two weeks and listed the matter for further hearing in August 8

from Moneycontrol Business News http://bit.ly/2HMdVXx

Is there more steam left in gold financing companies?

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from Moneycontrol Business News http://bit.ly/30SOVp3

RBI releases calendar for issuance of gold bonds for first half of FY#39;19

The first tranche of the bonds (2019-20 Series I) will open for subscription on June 3, while 2019-20 Series II will be available from July 8.

from Moneycontrol Business News http://bit.ly/2wvxrkS

Infibeam Avenues Q4 net profit rises to over Rs 75 cr

The net profit stood at about Rs 22 crore in the January-March 2018 period, Infibeam said in a NSE filing.

from Moneycontrol Business News http://bit.ly/314wUV4

ONGC Q4 net drops 31% on drop in output, prices

Net profit in January-March at Rs 4,045 crore was 31.6 per cent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year, the company said in a statement.

from Moneycontrol Business News http://bit.ly/2I9pcAf

SAIL Q4 net profit falls 42% to Rs 468 cr

The company had posted a standalone net profit of Rs 815.57 crore in the corresponding quarter previous fiscal, SAIL said in a regulatory filing.

from Moneycontrol Business News http://bit.ly/2KgzzVx

MTNL Q4 loss narrows to Rs 755.5 crore

The crisis-ridden company had posted loss of over Rs 900 crore in the corresponding period last year.

from Moneycontrol Business News http://bit.ly/2KmcfWH

Lupin#39;s Goa facility may face regulatory action, says USFDA

The company has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at its Goa facility between January 28 to February 8 as Official Action Indicated (OAI), Lupin said in a regulatory filing.

from Moneycontrol Business News http://bit.ly/2Z0UEHU

NCLT approves Tata Steel takeover of Bhushan Energy

The principal bench of NCLT Delhi also rejected objections from Bhushan Energy#39;s former promoter Neeraj Singal opposing Tata Steels#39; bid.

from Moneycontrol Business News http://bit.ly/2Wz4HGm

Fitch affirms long-term ratings of six banks at #39;BBB-#39; with stable outlook

#39;The long-term IDRs of SBI, BOB, PNB, Canara and BOI are driven by expectation that the banks are likely to receive extraordinary government support, if required, due to their high systemic importance and majority government ownership,#39; the rating agency said in a note.

from Moneycontrol Business News http://bit.ly/2KcxVo0

Ramco Cements#39; Rs 3,500-cr expansion projects #39;underway#39;

The company is setting up a new plant in Odisha and it was expected to be commissioned by October 2019.

from Moneycontrol Business News http://bit.ly/2WvqcaX

LT picks up about 27K shares of Mindtree

Earlier this month, LT purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from open market.

from Moneycontrol Business News http://bit.ly/2YVWF82

Expect renewed vigour in economy under Modi 2.0: India Inc

Tweeting while on his way to attend the ceremony, Mahindra said, #39;Bumper to bumper as the sun sets on the way to the PM#39;s swearing in ceremony. But of course it#39;s the dawn of a new government of new opportunities#39;.

from Moneycontrol Business News http://bit.ly/2WguL9S

NALCO Q4 profit drops 9% to Rs 234 cr

The standalone revenue from operations in the quarter declined to Rs 2,766.2 crore, compared with Rs 2,863.1 crore in the year-ago period, the filing said.

from Moneycontrol Business News http://bit.ly/2YTLzjZ

Midhani clocks Rs 130-crore as PAT in FY 19

The PSU achieved a net turnover of Rs 710.85 crore for the year-ended March 31 registering a growth of 7.43 per cent over FY 18, a press release from the PSU said here May 30.

from Moneycontrol Business News http://bit.ly/2wpYyh9

Ujjivan Financial Services Q4 net profit at Rs 12 cr

Total standalone income rose to Rs 13.40 crore during the March quarter from Rs 1.99 crore in the year-ago period, it said in a regulatory filing.

from Moneycontrol Business News http://bit.ly/2YVV6qG

Karnataka and JSW Steel controversy: Govt stands by its decision to sell 3700 acres to JSW

The reply comes at the back of criticism against the HD Kumaraswamy government#39;s decision to sell the land at a much cheaper rate than the market value.

from Moneycontrol Business News http://bit.ly/2WwdHMA

Suzlon Q4 net loss narrows to Rs 294.64 cr

Total income of the company from operations also slipped to Rs 5,074.64 crore in 2018-19 from Rs 8,195.37 in the previous fiscal.

from Moneycontrol Business News http://bit.ly/2YXvERv

India#39;s GDP growth forecast at 7.1% for FY20

The survey was conducted in May 2019 among economists belonging to the industry, banking and financial services sectors.

from Moneycontrol Business News http://bit.ly/2QxaRRW

EIH Q4 net profit declines over 77% to Rs 13 cr

The company had posted a net profit of Rs 56.13 crore for the corresponding period of the previous fiscal, EIH said in a filing to the BSE.

from Moneycontrol Business News http://bit.ly/2EJP8RZ

Jet Airways says not in a position to approve 2018-19 financial results

In a filing to the stock exchanges, the airline said it is not in a position to consider and approve the audited financial results for the year ended March 31, 2019.

from Moneycontrol Business News http://bit.ly/2Qz1SQa

Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

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from Moneycontrol Business News http://bit.ly/2Xho4kn

Impairment hit: GMR Infra#39;s Q4 loss at Rs 2,341 crore

GMR Infrastructure Ltd (GIL) consolidated total income stood at Rs 2,293.63 crore during the quarter, against Rs 2,234.88 crore in the same quarter in 2017-18, it said.

from Moneycontrol Business News http://bit.ly/2YUuGFH

Rupee falls for 3rd day; slips 4 paise to 69.87 vs USD

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day#39;s low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close.

from Moneycontrol Business News http://bit.ly/2QCcHAX

Coal India Q4 net up 362% to Rs 6024 cr

The company#39;s sales was at Rs 26,704.27 crore for the quarter under review against Rs 24,747.10 crore in the same period of FY#39;18.

from Moneycontrol Business News http://bit.ly/2Ws6mh3

Transport infra to see Rs 25-30 lakh crore capital outlay in next 5 years: Icra

Amongst the key segments, transport infrastructure is expected to see a major jump with an estimated Rs 25-30 trillion of capital outlay over the next five years.

from Moneycontrol Business News http://bit.ly/2MijMrO