India beats trend, grows exports as US-China tussle hits major Asian economies

Limited ties with China and a diversified basket proved advantageous as India’s share in world exports rose, even as peers lost out

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London Stock Exchange agrees to buy Refinitiv in $27 billion deal

As part of the deal initially announced last week, Refinitiv shareholders will ultimately hold around a 37% stake in LSE but less than 30% of the total voting rights.

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Meet EV deadline or pay up for pollution, Centre may tell auto cos

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ArcelorMittal cuts steel demand outlook on weak Europe

The company also reported a second-quarter core profit (EBITDA) of $1.56 billion, slightly above its compiled consensus of $1.53 billion, but down from $1.65 billion in the first quarter and only about half its earnings of a year earlier.

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As NBFC crisis deepens, chiefs jump ship to banks, fintech: Report   Â

This is a reversal of the earlier trend where banking sector talent moved into the NBFC space

from Moneycontrol Business News https://www.moneycontrol.com/news/business/as-nbfc-crisis-deepens-chiefs-jump-ship-to-banks-fintech-report-   _12825441.html

Maruti Suzuki July sales crash 34% to two-year low

The only segment that registered a half a percent growth was light commercial vehicle, under which it sells Super Carry.

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FMCG cos launch Rs 10 packs to counter demand slowdown

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Escorts Agri Machinery sales down 13.4% in July

Exports for July 2019, however, almost trebled to 355 units as against 127 units in July 2018.

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Global gold demand rise 8% to 1,123 tonne in April-June: WGC

Bars and coins saw 12% drop in the second quarter mainly due to China following the easing of currency concerns and high prices.

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Tech Mahindra – Should you buy the low?

The stock valuation is reasonable post the correction and the currency movement could help, given the domestic macro headwinds. We see limited downside in the stock from the current level.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/tech-mahindra-–-should-you-buylow_12824881.html

Bajaj Auto July sales fall 5% to 3.81 lakh units on weak domestic demand

Motorcycle sales, which contributed 84 percent to total business, slipped to 3.22 lakh units in month gone by, falling 3 percent YoY

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MG Motor India retails 1,508 units of Hector in July

Commenting on the sales performance MG Motor India Chief Commercial Officer Gaurav Gupta said, the company remains strongly focused on timely vehicle deliveries and seamless assistance.

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Amazon in talks to buy stake in India#39;s Reliance Retail: Report

Talks began after Reliance#39;s negotiations with China#39;s Alibaba Group to sell a stake in the retail entity fell through due to differences over valuation, the financial daily reported citing two senior industry executives.

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India Post Payments Bank to be converted into SFB

The decisions were taken at the annual Heads of Circles Conference held at Srinagar in Jammu and Kashmir from July 29-31, 2019 to adopt a 100-day action plan and a five-year vision to align the Department of Posts with the Prime Minister#39;s “New India” initiative, a statement from the postal department said.

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Podcast: What may move your market today

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

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Zomato expands food delivery service to 500 cities in India

Zomato had reached 200 cities milestone in April and upgraded its expansion target to 500 by September, it said in a statement.

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Fed cuts rates, signals it may not need to do more

Fed Chairman Powell cited global weakness, simmering trade tensions and a desire to boost too-low inflation in explaining the central bank#39;s decision to lower borrowing costs

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The #39;Taylor story#39;: How differences between IndiGo#39;s Rahul Bhatia Rakesh Gangwal boiled over a CEO appointment

In less than a year, Gregory Taylor had re-joined IndiGo, only to have an unceremonious exit. What happened?

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SBI to sell stake in credit card JV, to raise Rs 6,000 crore: Report

The bank presently holds 74 percent of SBI Cards and hopes to raise Rs 5,000-6,000 crore from a partial stake sale

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Samsung profit slumps more than half as chip market weakens

The flagship subsidiary of the sprawling Samsung Group has enjoyed record profits in recent years despite a series of setbacks but is now struggling with chip prices falling as global supply increases.

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VG Siddhartha LIVE Updates: CCD founder dead; ICRA puts co on rating watch with -ve implications

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

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VG Siddhartha LIVE Updates: CCD founder dead; ICRA puts debt on rating watch

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

from Moneycontrol Business News https://ift.tt/2OtjAqY

JSPL supplies 1.26 lakh tonne rails to Indian Railways

In July last year, JSPL had received from the national transporter an order of about one lakh tonne rails, which was later extended by over 26 lakh.

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VG Siddhartha LIVE Updates: CCD founder dead, stock tanks 37% in 2 days

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

from Moneycontrol Business News https://ift.tt/313kKe5

ILFS Securities declares default; says it is unable to pay its broking members

The brokerage said it will not be able to pay its broking members as NSE Clearing Corporation, the clearing and settlement arm of the National Stock Exchange, has not released its payment

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Aurobindo’s Sandoz deal may face further delays

In September, Hyderabad-based Aurobindo announced that it would acquire the commercial operations of Swiss drug maker Novartis AGs’ generics unit in the US for $900 million. However, the proposed deal, which could emerge as the largest outbound deal by an Indian company, is yet to see the light of day considering that the FTC is yet to respond.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/aurobindo’s-sandoz-deal-may-face-further-delays_12818221.html

VG Siddhartha LIVE Updates: CCD founder dead, stock tanks around 37% in 2 days

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

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Why Sachin Bansal prefers to play it safe with debt funding

“I wanted someone who would understand a business from a founder’s point of view, which is important for a startup," said Hallekere, chief executive and co-founder of the five-year-old Bounce, who pivoted from a luxury bike rental platform to the current dockless scooter-sharing solution to ease urban congestion.

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VG Siddhartha LIVE Updates: CCD founder dead, body found near Netravati River

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

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VG Siddhartha LIVE Updates: CCD founder found dead, stock tanks 40% in 2 days

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

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Axis Bank June quarter: Caution in a weak environment, long-term goals intact

We feel that the valuation at 2.2 times FY21 estimated book value has potential to re-rate should the journey to reaching 18 percent RoE pan out.

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Air India, Fiji Airways ink codeshare pact

The codershare partnership between the two partners will come into effect from next month, Air India said in a release.

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Podcast: Market-moving news and stocks

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

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Cryptocurrency ban in India was a last-minute decision

Economic Affairs Secretary suggested that using cryptocurrencies in payment could be outlawed but not in its entirety.

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VG Siddhartha LIVE Updates: CCD founder dead, body recovered from river

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

from Moneycontrol Business News https://ift.tt/2Yt8ORb

Indian IT companies contributed $57.2 bn to American GDP in 2017: Harsh Vardhan Shringla

Addressing business leaders in Denver, Colorado, India#39;s Ambassador to the US Harsh Vardhan Shringla said India-based global IT services companies employ more than 175,000 workers in the US accounting for 8.4 per cent of employment in the computer systems design and related services industry.

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Watch out for suicide warning signs and seek help: Mental health experts

Almost 90 percent of suicides can be prevented by timely intervention, say experts

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VG Siddhartha#39;s death: Here are other millionaires who had a tragic end

The body of Café Coffee Day (CCD) founder VG Siddhartha was found early morning on July 31, ending speculation about his fate.

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VG Siddhartha LIVE Updates: CCD founder dead, body found near Mangaluru

Live updates: Cafe Coffee Day founder VG Siddhartha#39;s body has been found near Mangaluru. He was missing since July 29

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Watch out for suicide warning signs and seek help

Almost 90 percent of suicides can be prevented by timely intervention, say experts

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Need to look at partnerships to fund JLR’s growth: N Chandrasekaran

Speaking to shareholders at the 74th annual general meeting (AGM) N Chandrasekaran, chairman, Tata Motors said that the company is evaluating proposals for a tie-up.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/need-to-look-at-partnerships-to-fund-jlr’s-growth-n-chandrasekaran_12815141.html

We have to look at partnerships to fund JLR’s growth: N Chandrasekaran

Speaking to shareholders at the 74th annual general meeting (AGM) N Chandrasekaran, chairman, Tata Motors said that the company is evaluating proposals for a tie-up.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/we-have-to-look-at-partnerships-to-fund-jlr’s-growth-n-chandrasekaran_12815141.html

We have to look at partnerships to fund JLR’s growth: Chandrasekaran

Speaking to shareholders at the 74th annual general meeting (AGM) N Chandrasekaran, chairman, Tata Motors said that the company is evaluating proposals for a tie-up.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/we-have-to-look-at-partnerships-to-fund-jlr’s-growth-chandrasekaran_12815141.html

Editor#39;s Take | CCD founder VG Siddhartha missing: Fisherman claims he saw someone jumping off bridge

In this episode of Editor#39;s Take, Moneycontrol#39;s M Saraswathy talks to Corporate Bureau Chief Prince Thomas to find out all about the Siddhartha#39;s disappearance.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/editor39s-take-|-ccd-founder-vg-siddhartha-missing-fisherman-claims-he-saw-someone-jumping-off-bridge_12815121.html

How Jack Ma is changing China’s lending landscape?

The real-time payments data and a risk-management system analyses over 3,000 variables to approve instant disbursement of loan requests

from Moneycontrol Business News https://www.moneycontrol.com/news/business/how-jack-ma-is-changing-china’s-lending-landscape_12814881.html

Hyundai#39;s SUV Venue bags 50,000 bookings within 60 days

The company said it has already delivered 18,000 cars since the launch.

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DoT working on proposal for MTNL, BSNL merger; final call by Cabinet: Source

The source, privy to the development, said merger is "one of the many components" of the overall revival plan being worked out for the two corporations, and that a final call on the matter will be taken by the Cabinet.

from Moneycontrol Business News https://ift.tt/2Zv1she

BJP govt in Karnataka scraps #39;Tipu Jayanti#39; celebrations

The new Yediyurappa government#39;s move through an order comes within three days after it came to power and a day after it won the confidence motion in the state assembly.

from Moneycontrol Business News https://ift.tt/311yR3z

Are many investors discontinuing systematic investment plans of MFs?

Indian Mutual Funds have currently about 2.74 crore SIP accounts through which investors regularly invest in Indian Mutual Fund schemes

from Moneycontrol Business News https://ift.tt/3183dSf

Use pullback rally to go short in Nifty, private sector banks look bullish

Technical setup of Nifty Private sector Bank Index looks bullish on the charts. Largecap Private banks can outperform in the current scenario.

from Moneycontrol Market Outlook https://ift.tt/2SOa4x7

Crude oil prices up on global cues

Analysts said the rise in crude oil futures was largely on expectations that the US Federal Reserve will cut interest rates on July 31.

from Moneycontrol Business News https://ift.tt/2SPfLeg

Warning letter woes: Dr Reddy#39;s expects FDA inspection of Andhra Pradesh plant by year end

"On the regulatory front, the API plant at Miryalaguda was given an Establishment Inspection Report (EIR) in 2017 resolving the earlier warning letter. We also received EIR for the injectable site at the Duvvada and we are awaiting for CTO VI site at Srikakulam.

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