LT Construction awarded contract to build Navi Mumbai international airport

GVK said in a BSE filing that the key development spectrum covers include cut and fill works, departure and arrival forecourts, airfield development works, and landside facilities.

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CG Power sacks CFO, posts Rs 507 crore loss in FY19

Venkatesh was the second head to roll out from the scam-ridden company.

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

Govt puts restrictions on imports of agarbatti

Now importers of these goods require licence from the government for import purpose.

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Two close relatives of Sharad Pawar join BJP

Two close relatives of Sharad Pawar join BJPThe news of the father son duo-- Padamsinh Patil and Ranajagajit Sinh Patil -- quitting the party would come as huge blow for the NCP.

from Economic Times https://ift.tt/2LekzHG

Allowing single-brand retailers to sell online first to help global firms tap Indian market: Deloitte

The government recently relaxed norms for single-brand retailers having foreign investment to attract global players.

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This week in Auto: Car discounts hit new peak; Kia, Hyundai launch portable e-scooter

Here is a list of all the major headlines from the auto space

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Good time to invest in India with a long-term view: Mark Mobius

Mobius is, however, worried about taxation in the country.

from Moneycontrol Market Outlook https://ift.tt/32jUQ6B

The story of India’s 1.2 lakh #39;orphaned#39; life insurance policies

‘Orphaned’ policies refer to a situation where a life insurance policy originally sold by an agent becomes unserviceable after this individual quits the business

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-storyindia’s-12-lakh-39orphaned39-life-insurance-policies_12946081.html

The story of India’s 1.2 lakh #39;orphaned#39; life insurance policyholders

‘Orphaned’ policies refer to a situation where a life insurance policy originally sold by an agent becomes unserviceable after this individual quits the business

from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-storyindia’s-12-lakh-39orphaned39-life-insurance-policyholders_12946081.html

Government to infuse Rs 55,250 crore for strengthening banks, push lending

This was the second set of measures announced by Finance Minister Nirmala Sitharaman to prop up the economy and at least one more is expected next week.

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HDFC sells Gruh Finance shares worth nearly Rs 1,665 crore

Shares of Gruh Finance on August 30 closed at Rs 258.40, up 3.55 percent on the BSE.

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NPCI revises merchant discount rates for BHIM UPI transactions

Presently, this is capped at 0.25 percent for transactions up to Rs 2,000 and at 0.65 percent for transactions above Rs 2,000.

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13% companies will leave China, says Donald Trump as new tariffs all set to kick in

After coming to power, Trump has imposed hefty tariffs on import of Chinese products, resulting in a trade war between the two biggest economies of the world.

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Banks merger reflects govt resolve to address economic slowdown: India Inc

United Bank of India and Oriental Bank of Commerce will be merged with Punjab National Bank, making the proposed entity the second largest public sector bank

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Sharp slowdown likely across auto segments in August; Maruti, Tata Motors, Eicher sales may fall over 30%

In case of Eicher Motors, Nomura expects overall commercial vehicle volumes to decline 33 percent YoY

from Moneycontrol Business News https://ift.tt/2Psxw5b

Amul to focus on Indian sweets; may hike prices of cheese, butter: MD RS Sodhi

In May, Amul increased milk prices by Rs 2 per litre

from Moneycontrol Business News https://ift.tt/2ZF9UtU

Nitin Gadkari proposes kulhad tea cups, tax on Chinese agarbatti

The Union minister said that with a view to provide impetus to the pottery industry, kulhad could be introduced at tea stalls at 400 railway stations.

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

Policy Play | Will the PSU bank merger achieve its desired objective?

The banks being merged have been losing deposit and credit market share and any improvement in the near term is unlikely

from Moneycontrol Business News https://www.moneycontrol.com/news/business/policy-play-|-willpsu-bank-merger-achieve-its-desired-objective_12945761.html

New FDI norms may help domestic retailers as contractors get manufacturer status: Report

The rules may come as a relief to brands that depend on third-party sourcing.

from Moneycontrol Business News https://ift.tt/2NGj1bq

Hinduja Group adds Vipin Sondhi to global leadership team

The position of Managing Director and CEO at the group#39;s flagship commercial vehicles maker Ashok Leyland has been vacant since Vinod Dasari left in March this year.

from Moneycontrol Business News https://ift.tt/32byW5t

Self-driving pickup service to be launched in Shanghai by DiDi

DiDi Chuxing has won permits from the Shanghai government on Wednesday to test its self-driving fleet, Chinese ride-hailing giant, DiDi Chuxing

from Moneycontrol Business News https://ift.tt/32f35AG

Mahindra begins Peugeot e-scooter exports from India, lays off one-fifth of workforce

The cumulative loss at Peugeot Motorcycles since the takeover in 2015 stands at 129 million Euro (Rs 1,735 crore)

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

Trade war could be good for India#39;s textile and chemical sectors; here’s why

If the US-China trade war escalates and the US president orders American companies to source from other countries, India can make gains in textiles and chemicals, says Arun Thukral

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/trade-war-could-be-good-for-india39s-textilechemical-sectors-here’s-why_12943341.html

Apple may still find it difficult in India despite eased regulations

While the government’s step is incrementally positive for the company, it may not result in an immediate strategic shift from Apple#39;s side.

from Moneycontrol Business News https://ift.tt/32gm9P7

HC gives six months to Uttarakhand govt for policy decision on liquor ban

The order came on a public interest litigation (PIL) filed by an advocate and a resident of Garuda in Bageshwar district in Uttarakhand.

from Moneycontrol Business News https://ift.tt/2HvS8ms

Jet Airways insolvency: More suitors sought as EoI deadline expires on August 31

As of now, only two companies - RA Creator and Synergy Group - are in the fray

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

Shriram Transport Finance internal panel to meet next month to consider raising funds

"The company is considering raising of funds through various options of borrowings including by way of issue of debt securities in onshore/offshore market by public issue and/ or private placement basis," Shriram Transport Finance Company said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/2L6FDQm

LT JV bags order for THDC India#39;s super thermal power project in Uttar Pradesh

LT-MHPS Boilers (LMB) is a joint venture of Larsen a Toubro (LT) and Mitsubishi Hitachi Power Systems (MHPS), while THDC is a JV between the government of India and the government of Uttar Pradesh.

from Moneycontrol Business News https://ift.tt/2L6coxk

Auto companies in India cut more jobs, halt production to tackle slowdown

Japanese carmaker Toyota Motor and South Korea#39;s Hyundai Motor are the latest in a string of companies to briefly halt some parts of production at plants to combat slumping sales, according to company memos to employees, reviewed by Reuters.

from Moneycontrol Business News https://ift.tt/2HB0w49

Glenmark Pharma gets USFDA nod for skin treatment ointment

Glenmark Pharmaceuticals Inc., USA, has been granted final approval by the the United States Food and Drug Administration (USFDA) for Pimecrolimus Cream, 1 per cent, the company said in a BSE filing.

from Moneycontrol Business News https://ift.tt/32giEbr

What are the documents required for personal loan?

Personal Loan Documents: Find out the list of documents required for Salaried, Self-employed NRI individuals while applying for Personal Loan at Moneycontrol.

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

Personal Loan: How to choose the best scheme online in India

Instant Personal Loan Online: Get an overview of Personal Loan Eligibility, Interest Rates more at Moneycontrol. Also, find out the list of tops banks offering Best Personal Loan in India.

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All about car insurance renewal online

Car Insurance Renewal: A step by step guide on when your car insurance is up for renewal. Know how to renew your Car Insurance Policy Online in India at Moneycontrol.

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A complete guide on car insurance policy online

New Car or Four Wheeler Insurance: Get a complete overview of the Importance of Car Insurance, Benefits how to buy a Car Insurance policy online in India at Moneycontrol.

from Moneycontrol Business News https://ift.tt/32oorvR

KEI Industries: A quality midcap that offers growth at reasonable valuation

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from Moneycontrol Business News https://ift.tt/32fs3jG

India to woo foreign firms like Apple to capitalise on US-China trade war

Several Indian officials met on Aug. 14 and discussed a list of "target companies" that also include Taiwan-headquartered contract manufacturer Pegatron Corp, a source with direct knowledge said.

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

Digital payment volumes set to grow at 20% per annum: Report

The progressive thinking of the RBI, central and state governments, industry associations and payment enterprises will make this target achievable, the report by KPMG, a consultancy, said.

from Moneycontrol Business News https://ift.tt/2Py8zF8

Burger King Corp not to raise stake in India biz: Burger King India CEO

Majority stake of Burger King India is held by Everstone Capital, which holds 87.5 per cent, and reports suggest that the private equity firm was scouting for opportunity to divest stake.

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Podcast: Market-moving news and stocks

Tune in! What's buzzing on D-Street this morning.

from Economic Times https://ift.tt/2ZypdbL

Air India Express, Alliance Air to ban single-use plastic from October 2

In his Independence Day speech, Prime Minister Narendra Modi had urged people to shun single-use plastic and encouraged usage of jute and cloth bags to protect the environment.

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Ganpati mandals insurance sees flat growth as organisers go for cost-cutting

All the mandals (organisers) put together have taken about Rs 610 crore of insurance cover this season

from Moneycontrol Business News https://ift.tt/2L6fqS3

Scrap policy for white goods may lead to higher MRP of products

Incentives will be given to customers for exchanging old appliances.

from Moneycontrol Business News https://ift.tt/32fNG3l

E-commerce needs to step up info disclosure, join hands with govt civil society: Report

The Department of Consumer Affairs has also released a set of guidelines with the objective of ensuring consumer protection in e-commerce.

from Moneycontrol Business News https://ift.tt/2HxFEL9

Poor recovery set to take toll on PSBs recapitalisation plan

Resolution under IBC meant excessive delays and major haircuts in claims for most of the public sector banks.

from Moneycontrol Business News https://ift.tt/2ZkxbG6

Tata Projects executes 41.42-km transmission line in Thailand

The total line length is 78.5 km and Tata Project-TEDA consortium executed the major portion comprising 41.42 km.

from Moneycontrol Business News https://ift.tt/324bib0

CG Power board sacks chairman Gautam Thapar; lists transactions under scrutiny

The internal investigation launched by the board had unearthed several multi-crore fraudulent transactions that point towards alleged fund diversion, mismanagement, unauthorized advances and corporate guarantees to promoter affiliate companies and connected parties.

from Moneycontrol Business News https://ift.tt/2L61wj7

Can Indian IT companies finally break into the Chinese market, the second largest in world?

Tech Mahindra#39;s recent announcement about its focus on China is a case in point.

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

Can Indian IT companies finally break into the Chinese market, the second largest in the world?

Tech Mahindra#39;s recent announcement about its focus on China is a case in point.

from Moneycontrol Business News https://ift.tt/30ILqBh

Eager to offer Indian customers online, in-store experience: Apple on easing of FDI norms

The comments come after the government on Wednesday eased the FDI norms for single-brand retail, offering more flexibility on local sourcing norms. It also did away a provision that required companies to mandatorily set up a brick-and-mortar store before getting into online retail trading.

from Moneycontrol Business News https://ift.tt/2zxlc8A

Infibeam Avenues partners with Riyad Bank for digital payments solution

With the strong focus on international expansion, the company has made strong inroads into Saudi Arabia market with its digital payment platform, IAL said in a release.

from Moneycontrol Business News https://ift.tt/2Pne8pZ

MG Motor India ties up with Delta Electronics for fast charging stations

"Our partnership with Delta, is another aspect of our commitment to help us (the company) pioneer and further develop the ecosystem for EVs in India, months ahead of the scheduled launch," MG Motor India Chief Commercial Officer Gaurav Gupta said in a statement.

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

There could be a secular decline in RBI revaluation reserves over time, says Pronab Sen

Pronab Sen, former chief statistician, spoke at length about the accounting change. “Up to a point it makes sense, but what puzzles me is that the Jalan committee has endorsed this accounting change proposed by the Malegam committee,” said Sen.

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