MG Motor India sales decline 40% to 2,482 units in November

The company had clocked retail sales of 4,163 units in the same month last year.

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MG Motor India sales decline 40% to 2,482 units in November

The company had clocked retail sales of 4,163 units in the same month last year.

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

Serum Institute delivers first Novavax shot through COVAX

The world#39;s biggest vaccine maker exported 137,500 doses of Covovax, as it calls the shot, to the Southeast Asian country last week.

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Satya Nadella sells 50% of his stake in Microsoft ahead of capital gains tax law regime

Microsoft in a statement said that CEO Satya Nadella sold his stake for personal financial planning and diversification reasons,

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Deep Value Series: Control Print -- Why look at this quality mid-cap?

Given the promising medium- to long-term outlook of Control Print, the valuation is extremely undemanding

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Daily Voice | Two underperforming sectors can turn out to be dark horses in 2022, says Siddhartha Khemka of Motilal Oswal

The growth momentum for banks is expected to continue as economic activity recovers. In the case of auto, the semiconductor shortage and the intensity of commodity cost inflation are expected to ease.

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-two-underperforming-sectors-can-turn-out-to-be-dark-horses2022-says-siddhartha-khemkamotilal-oswal_15822061.html

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers.

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Petrol, diesel prices on December 1: Fuel rates remain unchanged for 27 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels.

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Petrol, diesel prices on December 1: Fuel rates remain unchanged for 27 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels.

from Moneycontrol Business News https://ift.tt/3G6iQ11

TRAI releases consultation paper to discuss pricing, modalities for auction of 5G spectrum

The Telecom Department has asked TRAI to provide recommendations on issues such as applicable reserve price, band plan, block size, quantum of spectrum to be auctioned and associated conditions for auction of spectrum in 526-698 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3670 MHz and 24.25-28.5 GHz bands, the regulator said in a statement.

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Edelweiss Financial Services#39; board approves fundraising up to Rs 1,000 crore via NCDs

A meeting of the debenture fundraising committee of the company’s board of directors held on Monday (November 29) considered and approved the public issue of secured, redeemable non-convertible debentures (NCDs), the company said in a filing on Tuesday.

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Maruti Suzuki hikes prices of Eeco van by Rs 8,000

The increase in price is effective from November 30, 2021, the company said in a regulatory filing.

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UK regulator orders Facebook to sell Giphy

The Competition and Markets Authority#39;s decision comes after consultation with interested businesses and organisations, and study of potential solutions from Facebook itself.

from Moneycontrol Business News https://ift.tt/3pc2I7g

Govt#39;s excise mop-up from petrol, diesel doubles to Rs 3.7 lakh crore in FY21; states get Rs 20,000 crore

Minister of State for Finance Pankaj Chaudhary in a written reply to a question stated that collection from levy of central excise duty on petrol and diesel increased from Rs 1.78 lakh crore in 2019-20 to Rs 3.72 lakh crore in 2020-21 (April 2020 to March 2021).

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Fitch affirms ICICI Bank rating with negative outlook

The negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business and economic activity following the COVID-19 second wave.

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Grow up Visa, compete and not complain

Visa might be a global giant, but it will have to think local to survive and prosper in India

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Zero transaction fee at the heart of Visa’s complaint about RuPay

Incumbent card networks face pressure from alternative real-time payment systems in many countries

from Moneycontrol Business News https://www.moneycontrol.com/news/business/zero-transaction-fee-atheartvisa’s-complaint-about-rupay_15820221.html

Adda247 raises around $20 million in funding round led by WestBridge Capital

The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement.

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Adda247 raises around $20 million in funding round led by WestBridge Capital

The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement.

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Rupee erases gains vs US dollar as Moderna head questions vaccine effectiveness on Omicron

Government bonds extended gains as the news fuelled speculation of global central banks prolonging monetary policy accommodation to shield economies from the fresh risk to growth posed by the new strain of the virus.

from Economic Times https://ift.tt/3pcrcx7

Lupin launches educational website Sciflix for medical students

Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one roof, the company said in a regulatory filing.

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Lupin launches educational website Sciflix for medical students

Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one roof, the company said in a regulatory filing.

from Moneycontrol Business News https://ift.tt/32AH056

Star Health has good prospects but listing might not be dreamy as GMP shows, says Sonam Srivastava of Wright Research

Star Health IPO | The pricing seems expensive given that Star Health is also loss-making due to rising insurance claims in the last year, says Srivastava

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

Daily Voice | Earnings upgrade to take a pause as input cost weighs on India Inc margins, says Pankaj Tibrewal of Kotak AMC

#39;The US Dollar Index is inversely related to Indian stocks and rising DXY index could be a source of volatility in coming months#39;

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-earnings-upgrade-to-takepause-as-input-cost-weighsindia-inc-margins-says-pankaj-tibrewalkotak-amc_15818781.html

Daily Voice | Earnings upgrade to take a pause as input cost weighs on India Inc margins, says Pankaj Tibrewal of Kotak AMC

#39;The US Dollar Index is inversely related to Indian stocks and rising DXY index could be a source of volatility in coming months#39;

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-earnings-upgrade-to-takepause-as-input-cost-weighsindia-inc-margins-says-pankaj-tibrewalkotak-amc_15818701.html

Cryptocurrency | Virtual currencies are here to stay. Astute regulation is what is required

The introduction of the cryptocurrency Bill is only the first step. As technology evolves, the law will catch up. It is also hoped that the contours of the law will encourage innovation, and use of technology to expand financial markets

from Moneycontrol Business News https://www.moneycontrol.com/news/business/cryptocurrency-|-virtual-currencieshere-to-stay-astute-regulation-isis-required_15819521.html

Crypto Conversations: How blockchain helps fight cybercriminalsÂ

Compliance as a Service (CaaS) providers are leveraging the power of blockchain technology to create an ecosystem that delivers top compliance, regulatory, and transaction monitoring, all under one roof

from Moneycontrol Business News https://www.moneycontrol.com/news/business/crypto-conversations-how-blockchain-helps-fight-cybercriminals _15819261.html

Auto component stocks shiver on fears of Omicron virus impact

The stocks had run up by 70-80 per cent over a year. Hence, a drop in stock prices would make the risk-reward equation for investors more favourable

from Moneycontrol Business News https://www.moneycontrol.com/news/business/auto-component stocks-shiverfearsomicron-virus-impact_15818761.html

Auto component stocks shiver on fears of Omicron virus impact

The stocks had run up by 70-80 per cent over a year. Hence, a drop in stock prices would make the risk-reward equation for investors more favourable

from Moneycontrol Business News https://www.moneycontrol.com/news/business/auto-component stocks-shiverfearsomicron-virus-impact_15818741.html

Zerodha#39;s Nikhil Kamath says #39;Twitter missed US tech rally#39; after Jack Dorsey steps down

Twitter said Jack Dorsey will be succeeded by Chief Technology Officer Parag Agrawal.

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Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers.

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Petrol, Diesel Prices Today: No change in fuel rates for 26th straight day

The petrol and diesel prices remained unchanged in Kolkata at Rs 104.67 per litre and Rs 89.79 per litre, respectively.

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Air travel in India is on the cusp of normalcy; will Omicron change that?

While November will see a new peak in passenger numbers and flights deployed within India, new Covid variant Omicron may throw up some challenges and hinder plans to recommence international flights from December

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Daily Voice | Bull market intact, counter Bear-market trend not a possibility, says Harendra Kumar of Elara Securities

The 1-year G-Sec and 12-month forward Nifty yield gap still remain negative, indicating that returns from equities are still more attractive than bonds

from Moneycontrol Market Outlook https://www.moneycontrol.com/news/market-outlook/daily-voice-|-bull-market-intact-counter-bear-market-trend-notpossibility-says-harendra-kumarelara-securities_15815681.html

Singapore crypto bourse enters India despite pending curbs

Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai, which will act as its base for future expansion, its management said.

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Singapore crypto bourse enters India despite pending curbs

Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai, which will act as its base for future expansion, its management said.

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MC Insider: Market buzz, investment rethink, microfinance wars, salary boom and more

Hush-hush tales from the world of stock markets, banking, corporate world and corridors of power

from Moneycontrol Business News https://ift.tt/3D5wJKK

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service.

from Moneycontrol Business News https://ift.tt/2ZyhP1X

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service.

from Moneycontrol Business News https://ift.tt/3FS7pty

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service.

from Moneycontrol Business News https://ift.tt/3xvNk9B

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/314dlRE

Morning Scan: All the big stories to get you started for the day

A round-up of the biggest articles from newspapers

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

M-cap of nine out of the top 10 most valued firms eroded by Rs 2.62 lakh crore

The market valuation of nine of the top-10 most valued companies eroded by Rs 2,62,146.32 crore last week in tandem with an overall weak broader market. While Bajaj Finance and Reliance Industries took the biggest hit, Bharti Airtel was the only gainer from the top-10 companies’ list.

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In Pics | M-cap of nine out of the top 10 most valued firms eroded by Rs 2.62 lakh crore

The market valuation of nine of the top-10 most valued companies eroded by Rs 2,62,146.32 crore last week in tandem with an overall weak broader market. While Bajaj Finance and Reliance Industries took the biggest hit, Bharti Airtel was the only gainer from the top-10 companies’ list.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-pics-|-m-capnine-outthe-top-10-most-valued-firms-eroded-by-rs-262-lakh-crore_15814681.html

Amazon India head summoned by ED over alleged Future Group deal irregularities

The Enforcement Directorate is examining whether the deal violated India#39;s law on foreign exchange when it invested Rs 1,431 crore to purchase a 49 percent stake in Future Coupons Pvt Ltd (FCPL) in 2019 and if it complied with regulations

from Moneycontrol Business News https://ift.tt/3E2l7JU

Amazon India head summoned by ED over alleged Future Group deal irregularities

The Enforcement Directorate is examining whether the deal violated India#39;s law on foreign exchange when it invested Rs 1,431 crore to purchase a 49 percent stake in Future Coupons Pvt Ltd (FCPL) in 2019 and if it complied with regulations

from Moneycontrol Business News https://ift.tt/3xy0Ucg

Lottery Sambad Result November 28: #39;Dear Bangasree Damodar#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The first prize winner of #39;Dear Bangasree Damodar#39; lottery will win Rs 50 lakh.

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Lottery Sambad Result November 28: #39;Dear Bangasree Damodar#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The first prize winner of #39;Dear Bangasree Damodar#39; lottery will win Rs 50 lakh.

from Moneycontrol Business News https://ift.tt/3cYl3iw

Lottery Sambad Result November 28: #39;Dear Bangasree Damodar#39; lottery winners to be announced at 4 pm

Lottery Sambad Result: The first prize winner of #39;Dear Bangasree Damodar#39; lottery will win Rs 50 lakh.

from Moneycontrol Business News https://ift.tt/3p1wkE4

Petrol, diesel prices on November 28: Fuel rates remain unchanged for 24 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels.

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

Petrol, diesel prices on November 28: Fuel rates remain unchanged for 24 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels.

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