Monday, November 30, 2020

Bajaj, Pierer Industrie propose to move KTM stake to new holding company

Bajaj, Pierer Industrie propose to move KTM stake to new holding company The discussions between the two companies are at a very preliminary stage and this disclosure is being made only by way of abundant caution, Bajaj said today

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

LG Chem to double China battery capacity to meet Tesla demand: Sources

LG Chem to double China battery capacity to meet Tesla demand: Sources The firm, a supplier for Tesla#39;s Shanghai-built Model 3, will also ship its increased output from China as well as Korea to Tesla#39;s factories in Germany and the United States, said two people with knowledge of the matter, signalling an increased role in the supply chain of the world#39;s leading EV manufacturer.

from Moneycontrol Business News https://ift.tt/3ocwUgl

Glenmark Pharma gets tentative nod from USFDA for cancer treatment drug

Glenmark Pharma gets tentative nod from USFDA for cancer treatment drug The tentatively approved product is the generic version of Inlyta tablets of PF Prism CV.

from Moneycontrol Business News https://ift.tt/33u15rC

Kerala govt bars PwC from IT projects for two years

Kerala govt bars PwC from IT projects for two years Kerala#39;s IT Department in an order said PwC#39;s contract for the Kerala Fibre Optic Network (KFON) won#39;t be renewed.

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

Coronavirus News LIVE Updates: COVID-19 recovery rate improves to 93.94% in India

Coronavirus News LIVE Updates: COVID-19 recovery rate improves to 93.94% in India Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.62 lakh. There are 4,35,603 active cases in the country.

from Moneycontrol Business News https://ift.tt/3mtTwIL

Bajaj Auto sales rise 5% to 4,22,240 units in November

Bajaj Auto sales rise 5% to 4,22,240 units in November Domestic sales in November this year stood at 1,98,933 units as against 2,07,775 units, a decline of 4 percent, Bajaj Auto said in a BSE filing.

from Moneycontrol Business News https://ift.tt/3oeFuLo

Coronavirus News LIVE Updates: 482 more fatalities push India#39;s COVID-19 death toll to 1,37,621

Coronavirus News LIVE Updates: 482 more fatalities push India#39;s COVID-19 death toll to 1,37,621 Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.62 lakh. There are 4,35,603 active cases in the country.

from Moneycontrol Business News https://ift.tt/3fTSGmj

Covid-19 grip on southern states seen loosening

The average rate of recovery at the national level itself is about 94%, inspiring hope among the Covid-19 administrators. The steady improvement in Covid-19 indicators combined with the news around the development of vaccines is expected to lift the economy further.

from Economic Times https://ift.tt/37kpG3e

Investors eye 13,500 on Nifty: 10 trading suggestions by experts for December series

Investors eye 13,500 on Nifty: 10 trading suggestions by experts for December series Above 13150, the next level to watch out for would be 13250 - 13400 and the move will not be as swift as it has been in the recent past. The real action continues in the broader markets, suggest experts.

from Moneycontrol Market Outlook https://ift.tt/3qhPc1G

Earnings growth in India to be over 25% in next two years: Mark Matthews

Earnings growth in India to be over 25% in next two years: Mark Matthews Recent policy measures by the central government should have a positive impact on growth, says Matthews

from Moneycontrol Market Outlook https://ift.tt/3o9pBpJ

DAILY VOICE | Nifty can gain 12-14% over a year, but broader markets will do better: Vinay Agrawal of Angel Broking

Vinay Agrawal We continue to remain positive on the markets from a medium to long term perspective given improving fundamentals.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-nifty-can-gain-12-14-overyearbroader-markets-will-do-better-vinay-agrawalangel-broking_14540881.html

Zoom Out | No more secret sauces, it is time to Build in Public

Zoom Out | No more secret sauces, it is time to Build in Public Want a great product? Work with your audience to get there. This concept of evolution with your audience or community is coming to be known as ‘Build in Public (BIP)’.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/zoom-out-|-no-more-secret-sauces-it-is-time-to-buildpublic_14541021.html

Coronavirus News LIVE Updates: 31,118 new cases push India#39;s COVID-19 tally to 94.62 lakh

Coronavirus News LIVE Updates: 31,118 new cases push India#39;s COVID-19 tally to 94.62 lakh Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.62 lakh. There are 4,35,603 active cases in the country.

from Moneycontrol Business News https://ift.tt/3mr6qr4

Lottery Sambad Result December 1: ‘Dear Bangalakshmi Torsha#39; lottery winners to be announced at 4 pm

Lottery Sambad Result December 1: ‘Dear Bangalakshmi Torsha#39; lottery winners to be announced at 4 pm Lottery Sambad Result: The first prize winner of the #39;Dear Bangalakshmi Torsha#39; lottery will take home Rs 50 lakh.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/lottery-sambad-result-december-1-‘dear-bangalakshmi-torsha39-lottery-winners-to-be-announced-at-4-pm_14540581.html

Coronavirus News LIVE Updates: Bihar logs 457 fresh COVID-19 cases, 5 more deaths

Coronavirus News LIVE Updates: Bihar logs 457 fresh COVID-19 cases, 5 more deaths Coronavirus News LIVE Updates: Total COVID-19 cases in India have risen to 94.31 lakh. There are 4,46,952 active cases in the country.

from Moneycontrol Business News https://ift.tt/33wmbpj

Explainer | Why is Akshata Murthy#39;s wealth controversial?

Explainer | Why is Akshata Murthy#39;s wealth controversial? Akshata Murty, the wife of British Chancellor Rishi Sunak and daughter of Infosys Co-Founder NR Narayana Murthy, has come under scrutiny as Sunak failed to declare his family wealth in the ministerial register despite being a public official.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/explainer-|-why-is-akshata-murthy39s-wealth-controversial_14539541.html

Eightfold AI raises $125 million in latest funding round

Eightfold AI raises $125 million in latest funding round Eightfold#39;s single platform for the entire talent lifecycle brings together billions of anonymized data points, algorithms and domain expertise required to make a reliable, scalable impact for enterprise-scale organizations.

from Moneycontrol Business News https://ift.tt/39os6jX

Government waives penalty for non-compliance with QR code provisions for B2C transactions

Government waives penalty for non-compliance with QR code provisions for B2C transactions However, it would be mandatory for businesses to follow the QR code provisions from April 1, 2021 to avail this penalty waiver

from Moneycontrol Business News https://ift.tt/36iE1hg

Banks in India to see capital decline over 2 years without fresh infusion: Moody#39;s

Banks in India to see capital decline over 2 years without fresh infusion: Moody#39;s In India, stress among non-bank financial institutions will also curtail their capacity to lend, Moody#39;s noted.

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

SP Global nears $44 billion deal to buy IHS Markit: Reports

SP Global nears $44 billion deal to buy IHS Markit: Reports SP Global, valued at around $82 billion, controls the Standard and Poor#39;s ratings agency and traces its roots to the 1860s.

from Moneycontrol Business News https://ift.tt/37qvN6a

Saudi Arabia may raise Asia crude prices in January: Survey

Saudi Arabia may raise Asia crude prices in January: Survey Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting more than 12 million barrels per day (bpd) of crude bound for Asia.

from Moneycontrol Business News https://ift.tt/39qYr9H

DHL Express appoints Manish Patel as vice-president for operations

DHL Express appoints Manish Patel as vice-president for operations Manish succeeds Ashutosh Bajpai, who takes over as vice-president for Asia-Pacific (excluding China), Gateways and Customs, DHL Express, and will now be based out of the regional office in Singapore, DHL Express said.

from Moneycontrol Business News https://ift.tt/36hPDkt

Virus-stricken winter unlikely to derail oil market rebalancing: Goldman Sachs

Virus-stricken winter unlikely to derail oil market rebalancing: Goldman Sachs The bank, however, said it expects the winter wave to hit global oil demand by at least 3 million barrels per day, partially offset by heating, restocking and demand in emerging markets.

from Moneycontrol Business News https://ift.tt/3ljaZlW

No COVID-19 impact? IIT Madras gets higher pre-placement offers this year than in 2019

No COVID-19 impact? IIT Madras gets higher pre-placement offers this year than in 2019 Among the companies, Texas Instruments and Microsoft made the highest offers - 12 each. Qualcomm made 10 offers while Goldman Sachs and American Express made 9 offers each

from Moneycontrol Business News https://ift.tt/36isD4Y

upGrad eyes larger play in lifelong learning space via MA route

upGrad eyes larger play in lifelong learning space via MA route New acquisitions won̢۪t be merged into upGrad but will operate independently, under the parent

from Moneycontrol Business News https://ift.tt/33pInB5

‘Unholy alliance’ between banks and e-commerce firms to destroy indigenous businesses, CAIT writes to Finance Minister Nirmala Sitharaman

‘Unholy alliance’ between banks and e-commerce firms to destroy indigenous businesses, CAIT writes to Finance Minister Nirmala Sitharaman CAIT termed the joint workings of e-commerce companies like Amazon and Flipkart with banks as an ‘unholy nexus’ and ‘cartelisation of banks’.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/‘unholy-alliance’-between-bankse-commerce-firms-to-destroy-indigenous-businesses-cait-writes-to-finance-minister-nirmala-sitharaman_14539001.html

Farmer protest: Air fares on Delhi-Chandigarh route spike

Farmer protest: Air fares on Delhi-Chandigarh route spike Air fares are two times that on Delhi-Mumbai

from Moneycontrol Business News https://ift.tt/2Viu1OA

Vaccine optimism puts gold on course for worst month in four years

Vaccine optimism puts gold on course for worst month in four years Spot gold declined about 1 percent to $1,771.22 per ounce by 0452 GMT, shedding 5.7 percent so far this month - its biggest since November 2016.

from Moneycontrol Business News https://ift.tt/33sQihc

Sunday, November 29, 2020

The Market Podcast | Watch out for Midcap index in 2021; 3 buy ideas for 2021 from Gautam Shah

Gautam Shah We have seen sector rotation in the last few months. “There are pockets of opportunities in IT, as well as Pharma,” highlights Shah. The dark horse could be insurance, as well as Realty.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/the-market-podcast-|-watch-out-for-midcap-index2021-3-buy-ideas-for-2021gautam-shah_14533741.html

RBI expected to maintain status quo on interest rates, says Reliance Securities#39; Rajeev Srivastava

Rajeev Srivastava The easing of contraction in the September quarter won#39;t have much impact as the market expected the Q2 numbers to be better, says Srivastava.

from Moneycontrol Market Outlook https://ift.tt/3mqqjyo

Uber eyes EV pie, aims for 3,000 vehicles by end of 2021

Uber eyes EV pie, aims for 3,000 vehicles by end of 2021 EV-friendly policies and targets by the Centre and states such as Delhi and Telangana will translate into sales in the near future, the company has said.

from Moneycontrol Business News https://ift.tt/2Vf08i2

Paytm Money goes deeper into broking, opens IPO investments

Paytm Money goes deeper into broking, opens IPO investments Paytm, which is hoping to start making money and look at a public listing in the near future, needs its adjacent business units to start showing profits. Broking is an important part of that strategy and the back to back product launches should take it towards that goal

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

DAILY VOICE | Keeping in mind the volatility, prefer large midcap fund: Meeta Shetty of Tata Digital India Fund

Meeta Shetty The thumb rule of investing is good management, decent balance sheets cash flows, and improving ROCE are the core for stock picking in any market scenario.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-keepingmindvolatility-prefer-largemidcap-fund-meeta-shettytata-digital-india-fund_14538561.html

DAILY VOICE | Keep in mind the volatility, prefer large midcap fund: Meeta Shetty of Tata Digital India Fund

Meeta Shetty The thumb rule of investing is good management, decent balance sheets cash flows, and improving ROCE are the core for stock picking in any market scenario.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-keepmindvolatility-prefer-largemidcap-fund-meeta-shettytata-digital-india-fund_14538561.html

Prospects have improved, but a sustained positive trend in equities would require acceleration in economic activity, says Harshad Patwardhan of Edelweiss Asset Management

Prospects have improved, but a sustained positive trend in equities would require acceleration in economic activity, says Harshad Patwardhan of Edelweiss Asset Management The chief investment officer (equities) at Edelweiss Asset Management identifies geopolitical risks and governments#39; response to a possible second wave of infections as key monitorables

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/prospects-have-improved-butsustained-positive-trendequities-would-require-accelerationeconomic-activity-says harshad-patwardhan-of edelweiss-asset-management_14538501.html

MC Insider: D-Street debuts, succession planning at condom maker, an agency̢۪s dilemma and more

MC Insider: D-Street debuts, succession planning at condom maker, an agency̢۪s dilemma and more Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-d-street-debuts-succession-planning-at-condom-makeragency̢۪s-dilemmamore_14538621.html

Exclusive: Bajaj, KTM parent firm restart talks on stake transfer

Exclusive: Bajaj, KTM parent firm restart talks on stake transfer Bajaj Auto holds 48% in the Austrian bike maker. The discussions are being held between Bajaj Auto International Holding BV, the Netherlands-based subsidiary, and Pierer Industrie AG, the parent company of Pierer Mobility AG.

from Moneycontrol Business News https://ift.tt/3mlJrxy

World stocks boast record-breaking month, led by Europe

World stocks boast record-breaking month, led by Europe The rush to risk has also benefited oil and industrial commodities while undermining the safe-haven dollar and gold.

from Moneycontrol Business News https://ift.tt/3lkDdg3

#39;Nifty#39;s climb to 15k in 2021 would depend on COVID situation, govt measures to expedite growth#39;

Ajit Mishra Ajit Mishra of Religare Broking largely expects some consolidation in the benchmark prior to the next directional move, especially after a sharp run-up in November

from Moneycontrol Market Outlook https://ift.tt/37jMNut

DAILY VOICE | If Nifty sustains above 13,050, it might test 13,500 in December: Gaurav Garg

Gaurav Garg If Nifty sustains above the level of 13,050 it might test its level of 13,500 as well. The support for Nifty is placed at 12,725 and 12,600.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-if-nifty-sustains-above-13050-it-might-test-13500december-gaurav-garg_14536621.html

Top 25,000 GST payers of October yet to file returns in November, tax officers to send reminders

Top 25,000 GST payers of October yet to file returns in November, tax officers to send reminders About 80 lakh sales return or GSTR-3B have been filed so far.

from Moneycontrol Business News https://ift.tt/37mSDeC

E-commerce firms monopolising market by violating FDI policy: CAIT to PM Narendra Modi

E-commerce firms monopolising market by violating FDI policy: CAIT to PM Narendra Modi CAIT in its letter to Prime Minister Narendra Modi said the absence of concrete action against big e-commerce companies like Amazon, Flipkart has led to a roadblock for small businesses to run their operations online

from Moneycontrol Business News https://ift.tt/37gzz1L

From small businesses to farmers, here#39;s how middle India is driving demand

From small businesses to farmers, here#39;s how middle India is driving demand Farmers, benefiting from a bumper crop, are lapping up tractors while demand for personal vehicles, due to a lack of public transport and the need for safer travel options, has boosted sales of cars and motorcycles

from Moneycontrol Business News https://ift.tt/33utX2G

COVID-19 vaccine | SII rejects claims of Covishield#39;s adverse effect, threatens to seek damages in excess of Rs 100 crore

COVID-19 vaccine | SII rejects claims of Covishield#39;s adverse effect, threatens to seek damages in excess of Rs 100 crore The volunteer is falsely laying the blame for his medical problems on the trial of COVID-19 vaccine Covishield, said Serum Institute of India

from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-vaccine-|-sii-rejects-claimscovishield39s-adverse-effect-threatens-to-seek-damagesexcessrs-100-crore_14538241.html

Sebi clears DRHP of Heranba Industries to launch Rs 700-crore IPO

Sebi clears DRHP of Heranba Industries to launch Rs 700-crore IPO Heranba Industries#39; IPO would be a combination of fresh equity of Rs 60 crore and an offer for sale by promoters and other shareholders

from Moneycontrol Business News https://ift.tt/33s7Lq4

AirAsia India plans expansion; to induct 3 more A320 neos by June 2021

AirAsia India plans expansion; to induct 3 more A320 neos by June 2021 The Bengaluru-based airline took delivery of the first A320 neo in October and another one earlier this month.

from Moneycontrol Business News https://ift.tt/37bQuCo

Indiabulls Housing Finance sells part of its stake in OakNorth Holdings, raises Rs 93 crore

Indiabulls Housing Finance sells part of its stake in OakNorth Holdings, raises Rs 93 crore IHFL has raised a total of Rs 2,670 crore as fresh equity in the month of September, October, and November 2020 adding to the regulatory equity capital of the company

from Moneycontrol Business News https://ift.tt/3fPann2

IndoStar Capital to exit corporate lending business by March 2022

IndoStar Capital to exit corporate lending business by March 2022 The company has been reducing its corporate book over the last two years, and has brought down the portfolio by close to Rs 3,500 crore.

from Moneycontrol Business News https://ift.tt/3q5neGa

US, UK and Australia among top markets for Indian sellers exporting products on eBay

US, UK and Australia among top markets for Indian sellers exporting products on eBay Indian sellers have been witnessing strong demand across categories like apparel, fine jewellery, toys, auto parts and accessories and home decor, especially during the holiday season (Thanksgiving to New Year#39;#39;s), eBay India Country Manager Vidmay Naini told PTI.

from Moneycontrol Business News https://ift.tt/3fUGxgU

Professional CEOs see average salary hike of 6.5% in 2019-20: Report

Professional CEOs see average salary hike of 6.5% in 2019-20: Report Sun TV#39;s Kalanithi Maran and Kavery Kalanithi took home the highest salaries, earning Rs 87.5 crore each

from Moneycontrol Business News https://ift.tt/2VfRD6y

JSW Steel in the process of acquiring land for steel plant in Odisha: Director Jayant Acharya

JSW Steel in the process of acquiring land for steel plant in Odisha: Director Jayant Acharya Speaking to PTI, JSW Steel Director - Commercial Marketing and Corporate Strategy Jayant Acharya said it is the same site near the port of Paradip where POSCO was keen to set up a 12 MTPA steel plant.

from Moneycontrol Business News https://ift.tt/37iiBjp

Stocks in news: L&T, Hero MotoCorp, Voltas, PB Fintech, LTIMindtree

Shares of L&T, Tata Power, Canara Bank, Hero Moto and BSE will be in focus today as the companies will announce their fourth quarter res...