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
Friday, May 31, 2019
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 supplyfrom 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 Governmentfrom 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 governmentfrom 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 yearsfrom 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
Thursday, May 30, 2019
ICC Cricket World Cup 2019 boosts television sales
Sales of smart TVs above 32 inches have seen a 25-30 percent spikefrom 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 storyfrom 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 futurefrom 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 yearsfrom 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 USfrom 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 quarterfrom Moneycontrol Business News http://bit.ly/30VwoIF
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Tune in. Your daily digest of market news, views and cues.
from Economic Times http://bit.ly/2QDwMHk
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 fiscalfrom 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 zerofrom 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 8from Moneycontrol Business News http://bit.ly/2HMdVXx
Is there more steam left in gold financing companies?
NULLfrom 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
NULLfrom 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
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