Twitter India to inform political parties, leaders about ad-ban decision

Political ads account for only 2 percent of Twitter India’s annual revenue of $40 million , sources say.

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Bajaj Auto records #39;highest-ever retail sales in Oct#39;, but Nov may not be the same

After the festival season, sales typically tend to fall.

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Escorts tractor October sales up 1.6% at 13,353 units

The company had sold a total of 13,140 units in the same month last year, Escorts Ltd said in a regulatory filing.

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MG Motor India sells 3,536 units of SUV Hector in October

The company had temporarily suspended bookings in July after receiving orders for around 21,000 units. It re-opened bookings on September 29 with plans, backed by its plans to ramp up production.

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Cognizant layoffs: IT/ITeS worker union calls for unionisation of Indian tech workers

Cognizant in its earnings call said that the company is looking at a net reduction of 7,000 employees at the mid-to-senior level to pare down cost

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Bajaj Auto October sales fall 9% to 4.63 lakh units, but beat analyst estimates

Month-on-month basis, total sales increased 15.2 percent, pushed up by festival demand and higher discounts.

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Podcast: Core sector output contracted in Sept

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

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Cognizant layoffs: IT/ITeS worker union calls for unionisation of tech workers

Cognizant in its earnings call said that the company is looking at a net reduction of 7,000 employees at the mid-to-senior level to pare down cost

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Weekly Tactical Pick: RITES – A blend of attractive growth valuation

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from Moneycontrol Business News https://www.moneycontrol.com/news/business/weekly-tactical-pick-rites-–-a-blendattractive-growthvaluation_13132621.html

Top 10 best-performing CEOs in the world 2019: Three Indian-origin bosses make it to the list

Three Indian-origin chief executives have made their way to the top 10. Interestingly, all three are CEOs of top IT firms in the US.

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10 highest-paid influencers on Instagram: With $47.8 million in earnings Ronaldo beats Messi

These celebrities are ranked by their annual average income as influencers on Instagram.

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SpiceJet overtakes Blue Dart in air cargo, IndiGo well ensconced at top

IndiGo had a market share of nearly 34 percent in the domestic cargo market in August this year, compared to 23 percent in the same period last year.

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Reliance Jio refutes COAI stance on industry in a letter to Telecom Minister Ravi Shankar Prasad

In a press release, Jio has refuted the Cellular Operators#39; Association of India stance that the telecom industry will collapse without any support from the government.

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Good news for job seekers: Manufacturing, services firms open to hiring apprentices

As per a report, around 89 percent of the employers preferred six months to a year-long tenure rather than short duration apprentices.

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Chinese officials say they have doubts if trade deal possible with Trump: Report

Chinese officials have told visitors to Beijing and others in private conversations that China will not budge on the thorniest issues, the report said.

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Auto sector#39;s contribution to GDP may slip to 7% this fiscal: Acuite Ratings

As per Acuite Ratings Research, the total domestic sales of the automobile industry, including, passenger vehicles, commercial vehicles, two wheelers and three wheelers, were expected to decline by 6-7 per cent this fiscal as compared with 2018-19 to around 25 million units.

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Indian car buyers turn less price conscious; emphasise on vehicle styling: JD Power

As per the study by the global consumer insights and advisory services provider when it comes to sales satisfaction Hyundai ranked the highest followed by Mahindra Mahindra and Toyota.

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Pradhan Mantri Jan Suraksha Yojana enrollments see pickup; 14.7 million enrollments in H1

The insurance scheme saw some stagnation in FY18 and FY19 but enrollments picked up again from April 2019 onwards.

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Centre plans 100 new airports by 2024 to boost economic activity: Report

The government has committed Rs 1,000 crore as an investment to build airports over the next five years

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Indian car buyers becoming less price conscious; more emphasis on vehicle styling: JD Power study

As per the study by the global consumer insights and advisory services provider when it comes to sales satisfaction Hyundai ranked the highest followed by Mahindra Mahindra and Toyota.

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Cadila Healthcare gets EIR from USFDA for Baddi facility

"The company#39;s formulations manufacturing facility located at Baddi, India, has received an EIR. The United States Food and Drug Administration (USFDA) had conducted an inspection at the facility from July 15 to 19, 2019," Cadila Healthcare said in a filing to BSE.

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#39;Earnings so far inline, these 3 sectors can generate multibaggers over next one year#39;

We foresee an NPA risk in telecom, real estate and power segments, says Anil Sarin of Centrum Broking.

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Consortium which includes Haldiram may buy Lavasa for Rs 2,046 crore: Report

A consortium comprised of Haldiram, Pioneer Factor IT Infradevelopers, and Sansar Property, has offered to purchase 100 percent of Lavasa for Rs 2,046 crore.

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Amazon delivers supplies to restaurants ahead of food delivery launch

Restaurants are getting supplies at discounted prices at their doorstep. They will have to pay a lower commission on each order, will get inventory management, and of course, their food delivered through Amazon.

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PMC Bank crisis | RBI asks Mumbai Police to seek court nod to start liquidation: Report

The administrator appointed by the central bank will receive the asset hand over to further the liquidation process.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/pmc-bank-crisis-|-rbi-asks-mumbai-police-to-seek-court-nod-to-start-liquidation-report_13128721.html

Over 100K DHFL FD holders at risk as audit shows fund diversions: Report Â

More than 100,000 fixed deposit (FD) holders, a large number of whom are retirees who invested their life savings, are expected to be impacted.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/over-100k-dhfl-fd-holders-at-risk-as-audit-shows-fund-diversions-report- _13128921.html

SBI savings account holders to get lower rates

SBI is set to cut the interest rate on savings accounts with a balance of up to Rs 1 lakh by 25 bps

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PMC Bank crisis | RBI asks Mumbai Police to seek court nod to start liquidation process of assets: Report

The administrator appointed by the central bank will receive the asset hand over to further the liquidation process.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/pmc-bank-crisis-|-rbi-asks-mumbai-police-to-seek-court-nod-to-start-liquidation-processassets-report_13128721.html

4th PW incident in a week at IndiGo: Plane returns to Kolkata after mid-air engine stall

On three consecutive days from October 24 to 26, IndiGo had three in-flight PW engine shutdowns, compelling the aviation regulator DGCA to visit the airline#39;s premises on Monday to review the maintenance and safety data.

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Nalco gets awards for CSR project #39;Nalco Ki Ladli#39;

Basant Kumar Thakur, Director (HR), NALCO received the Award from Union Minister of State for Finance Anurag Singh Thakur at a glittering ceremony in New Delhi on Tuesday, a company statement said.

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Podcast: What might shake & move your market

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

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Control Print – Why investors should take this idea seriously

Given the healthy first half, long-term prospects of the business and attractive valuations, investors should continue to repose faith in the company

from Moneycontrol Business News https://www.moneycontrol.com/news/business/control-print-–-why-investors-should-take-this-idea-seriously_13127941.html

Countries with the highest inflation: In this nation, residents pay 5 million for just 5 tomatoes

When inflation in a country goes out of control, it can jeopardise the overall health of the economy. Here are 10 countries that had the highest inflation rate in 2018.

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What changed for the market while you were sleeping? Top 12 things to know

Trends on SGX Nifty indicate a positive opening for the broader index in India, with an 44 points gain or 0.38 percent. The Nifty futures were trading around 11,895-level on the Singaporean Exchange.

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Reliance General Insurance scraps IPO plan; withdraws offer documents

The initial public offering (IPO) was slated for fresh issue of shares worth Rs 200 crore, besides an offer of sale of 79,489,821 shares by Reliance Capital.

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Govt#39;s Rs 15,000 cr soft loan scheme to sugar mills moving at snail#39;s pace: Industry experts

The objective was to help millers in clearing cane arrears and divert surplus sugar for ethanol manufacturing.

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Crude oil futures slipped 0.53% in afternoon trade, Fed decision awaited

The value of November and December contracts traded so far is Rs 1,443.48 crore and Rs 17.61 crore, respectively

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Diwali sales picked up, but later than expected: Kishore Biyani

Talking about the fashion segment, Biyani said: "Last year also fashion was good for us. So we are finding a huge base of growth of 18-20 percent, but I believe fashion would have grown in double-digits for us."

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IndiGo#39;s $33B Airbus deal: A few questions to ponder on

The company hasn#39;t shared the delivery schedule, engine make or the purchase model for the new order

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Diwali sales picked up later than expected: Kishore Biyani

Talking about the fashion segment, Biyani said: "Last year also fashion was good for us. So we are finding a huge base of growth of 18-20 percent, but I believe fashion would have grown in double-digits for us."

from Moneycontrol Business News https://ift.tt/31V9fWk

Reliance General Insurance scraps IPO plan; withdraw offer documents

The initial public offering (IPO) was slated for fresh issue of shares worth Rs 200 crore, besides an offer of sale of 79,489,821 shares by Reliance Capital.

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Uber Money to launch in India in summer next year

The cab-hailing company plans to provide a UPI-based full-stack payments and credit offering to its riders and drivers.

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Piramal Enterprises seeks shareholders#39; nod to raise Rs 1,750 cr from Canadian investor

In a notice for an extraordinary general meeting to be held on November 25 in Mumbai, the company said it required additional funding for various purposes, including general corporate purposes, in view of its future outlook, growth targets and prospects.

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Finance Ministry invites applications for two IRDAI member posts

Minimum age eligibility is 50 years for applying for the actuary and distribution member posts

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Markets | Sensex hits 40k for the first time since July. False dawn or new hope?

The key question is, whether this confidence in no more earnings downgrades is justified by the state of the economy? The answer is a resounding no.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/markets-|-sensex-hits-40k-forfirst-time-since-july-false-dawn-or-new-hope_13124741.html

Two-year reprieve to telcos on spectrum dues unlikely as govt. firm on fee collection: Report

Vodafone Idea had in September approached the Department of Telecommunications (DoT) Secretary Anshu Prakash to request the moratorium for spectrum dues

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Exclusive | Govt may float ‘amnesty’ scheme for unaccounted gold; set up gold board: Sources

The broad contours of the plan, to be announced shortly, are that individuals be allowed to disclose unaccounted gold beyond a certain threshold and pay taxes on the disclosed value

from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-|-govt-may-float-‘amnesty’-scheme-for-unaccounted-gold-setgold-board-sources_13124601.html

Exclusive: Govt may float ‘amnesty’ scheme for unaccounted gold; set up gold board: Sources.

The broad contours of the plan, to be announced shortly, are that individuals be allowed to disclose unaccounted gold beyond a certain threshold and pay taxes on the disclosed value

from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-govt-may-float-‘amnesty’-scheme-for-unaccounted-gold-setgold-board-sources_13124601.html

Siemens to expand Chennai engineering centre

GECC Chennai will add talented people as business expands, growing from the current manpower of 85 people to over 100 by end of this year and 200 in the next one to two years, Elangovan Karuppiah, Executive Vice President of Siemens Pte Ltd, said.

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Maruti running out of BS-IV stock even as buyers seek emission-friendly BS-VI variants

BS-VI can reduce NOx emissions by 25 percent for petrol vehicles and 70 percent for diesel vehicles

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Three Indian-origin CEOs in Harvard Business Review CEO 100 List

Shantanu Narayen, Ajay Banga and Satya Nadella occupy three spots in the top 10. Singapore based DBS Bank’s Piyush Gupta also features in the list at 89

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Maruti running out of BS-IV stock as buyers seek emission-friendly BS-VI variants

BS-VI can reduce NOx emissions by 25 percent for petrol vehicles and 70 percent for diesel vehicles

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Ready for Samvat 2076! Here are 10 sectors which are likely to hog limelight

Experts suggest investors to accumulate quality stocks across sectors which are likely to benefit the most from the policies initiated by the government.

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