Bulk Deals | CDC Group sells 4% stake in IIFL Finance, Cambridge Mauritius offloads 0.83% stake in Antony Waste
As per the shareholding pattern of June 2021, CDC Group Plc held 5,85,01,587 equity shares or a 15.44 percent stake in IIFL Finance.
Posted on 16 September 2021 | 10:56 pm
World Bank kills business climate report after ethics probe cites #39;undue pressure#39; on rankings
The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.
Posted on 16 September 2021 | 10:56 pm
65% of 7,933 urban settlements do not have any master plan: Niti Aayog report
It recommends that every city must aspire to become a Healthy city for all by 2030 and suggests a central sector scheme, 500 Healthy Cities Programme, for a period of five years
Posted on 16 September 2021 | 9:45 pm
Bluesport Entertainment invests Rs 240 crore on upcoming Premier Handball League
The company has also disinvested shares and onboarded entrepreneurs Vivek Lodha and Abhinav Banthia as their strategic investors.
Posted on 16 September 2021 | 9:28 pm
Trade setup for Friday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities said that although Nifty is placed at the new highs, still there is no indication of any tiredness or reversal pattern at the highs.
Posted on 16 September 2021 | 9:22 pm
Bad bank plan a welcome step, expect a gap-up opening for Bank Nifty tomorrow: Experts
"Investors can hold on to the positions in banking stocks as the short to medium term for the sector looks quite bright now," says Gaurav Garg, Head of Research at CapitalVia Global Research.
Posted on 16 September 2021 | 9:07 pm
As Virat Kohli steps down as T20I captain, a look at what happened to brand Dhoni without captaincy
Kohli#39;s decision is as surprising as MS Dhoni#39;s unexpected move when he stepped down as the ODI and T20I captain of Indian cricket team in 2017.
Posted on 16 September 2021 | 8:41 pm
Facebook to target harmful coordination by real accounts using playbook against fake networks
The new approach uses the tactics usually taken by Facebook#39;s security teams for wholesale shutdowns of networks engaged in influence operations that use false accounts to manipulate public debate, such as Russian troll farms.
Posted on 16 September 2021 | 8:32 pm
Avigna Industrial Logistics Park to invest Rs 500-600 crore to develop a warehousing project in Karnataka
It plans to hand over the first 1 million sq.ft at the Hoskote Industrial Park in 2022-23.
Posted on 16 September 2021 | 8:27 pm
NARCL a game-changer for India#39;s bad debt resolution
Plugging the long-standing gap between policy intent and action, the government has displayed a firm resolve to expedite the recovery process of the banking sector
Posted on 16 September 2021 | 7:56 pm
Hero MotoCorp makes an upward revision on two-wheeler prices; bikes to become costlier by up to Rs 3,000
The company in a press release said that the hike has been necessitated to offset the impact of steadily increasing commodity prices. It has also mentioned that the exact quantum of increase will depend on the model and the market.
Posted on 16 September 2021 | 7:44 pm
Parle Products forays into cereals category
The company has extended its popular brand #39;#39;Hide Seek#39;#39; in the cereals category, according to a statement from Parle Products.
Posted on 16 September 2021 | 7:38 pm
Bad Bank Plan | NARCL is a novel approach to address the NPA crisis
The larger issue now is the efficacy of the NARCL and its ability to resolve assets. So far, there is no convincing record of effective resolution, and none of the parameters and timetables under regulations have performed
Posted on 16 September 2021 | 7:28 pm
Two charts that show why a bad bank is critical for Indian banking
According to SP Global Ratings, stressed assets of Indian banks (which includes restructured loans) will remain elevated at 11-12 percent in fiscal 2022. At the end of fiscal 2021, the comparative number was 8.7 percent.
Posted on 16 September 2021 | 6:47 pm
Almost 50% of NRIs prefer homes for self-use following COVID-19: survey
As many as 50% NRI respondents prefer luxury properties priced less than Rs 1.5 crore and 32% favour premium properties priced between Rs 90 lakh to Rs 1.5 crore
Posted on 16 September 2021 | 6:26 pm
Two charts that show why a bad bank is critical for Indian banking
According to SP Global Ratings, stressed assets of Indian banks (which includes restructured loans) will remain elevated at 11-12 percent in fiscal 2022. At the end of fiscal 2021, the comparative number was 8.7 percent.
Posted on 16 September 2021 | 6:47 pm
RBI Dy Governor Patra’s speech has key clues on monetary policy
The central bank’s glide path envisages inflation at close to 4 per cent only by 2023-24Â
Posted on 16 September 2021 | 4:22 pm
A full recovery in international travel may take years: Booking.com’s Ritu Mehrotra
While international travel is expected to begin a gradual recovery in the coming quarters, domestic travel, especially to drivable leisure destinations, is picking up, says Ritu Mehrotra, Booking.com’s South Asia manager.
Posted on 16 September 2021 | 4:03 pm
RBI will signal lift-off in interest rates through policy stance, prefers jump in bank credit to reduce liquidity surplus
Michel Patra also defended the RBI#39;s decision of creating an asymmetrical liquidity corridor by cutting the reverse repo rate as a measure taken because of the impact of the COVID pandemic which will be normalised as time passes.
Posted on 16 September 2021 | 3:25 pm
Commerce Ministry for extending anti-dumping duty on certain steel products
In separate notifications, the Directorate General of Trade Remedies (DGTR) has recommended the duty after conducting a sunset review investigation on the imports of "cold rolled/cold reduced flat steel products of iron or non-alloy steel or other alloy steel of all width and thickness - not clad, plated or coated from China, Japan, Korea and Ukraine.
Posted on 16 September 2021 | 1:32 pm
India expected to grow at 7.2% in 2021 but economic growth could decelerate next year: UN report
The UNCTAD Trade and Development Report 2021, released here on Wednesday, sounded a cautiously optimistic note to say that the global economy is set for a strong recovery in 2021, albeit with a good deal of uncertainty clouding the details at the regional and country levels over the second half of the year.
Posted on 16 September 2021 | 9:48 am
Cabinet clears Rs 25,938-crore PLI scheme for auto sector, here are key takeaways
The scheme will create an additional 7.5 lakh jobs in the auto sector, bring in fresh investment of over Rs 42,500 crore and incremental production of over Rs 2.3 lakh crore, the government has said
Posted on 15 September 2021 | 5:24 pm
Delhi will earn Rs 3,000 crore extra revenue in next 12 months under new excise policy: Manish Sisodia
The revenue generated in the current financial year is 23 percent less, he added.
Posted on 15 September 2021 | 2:55 pm
PE/VC investments rises to $10.7 billion in August; IPOs drive surge in exits: Report
In terms of volume as well, the numbers were up with August recording 137 transactions as against 83 in the year-ago period and 77 in July, the report by industry lobby IVCA and EY, a consultancy, said.
Posted on 15 September 2021 | 2:13 pm
Household debt may have declined to 34% in Q1 FY22: SBI report
The COVID-19 pandemic has resulted in a spike in household debt to the GDP rate. As per the report, it rose sharply to 37.3 percent in 2020-21 from 32.5 percent in 2019-20.
Posted on 15 September 2021 | 2:11 pm
Govt approves incentives for autos, relief measures for telecoms sector: Source
Shares in wireless carriers Bharti Airtel and Vodafone Idea were up more than 3% at 0745 GMT on the news.
Posted on 15 September 2021 | 1:29 pm
Centre responsible for rise in its debt and fall in GDP: Shanti Dhariwal
Shanti Dhariwal made the allegation while replying to a debate on the Rajasthan Goods And Services Tax (Amendment) Bill, 2021.
Posted on 15 September 2021 | 7:27 am
Moneycontrol Pro Panorama | A mixed picture on inflation signals caution
In today’s edition of Moneycontrol Pro Panorama: Board-room coup at Zee Entertainment, Sansera Engineering IPO, Hindustan Unilever, inflation and more
Posted on 14 September 2021 | 4:40 pm
Wholesale Price Index inflation rises to 11.39% in August: Centre
The Wholesale Price Index (WPI) was 0.41 percent in August 2020, said the Ministry of Commerce and Industry
Posted on 14 September 2021 | 12:56 pm
11 states allowed to borrow Rs 15,721 crore: Finance Ministry
States including Andhra Pradesh, Madhya Pradesh, Bihar, Haryana and Kerala have been given permission for extra borrowing after they met their capital expenditure targets for April-June 2021-22 quarter set by the Centre.
Posted on 14 September 2021 | 12:16 pm
Bulk Deals | CDC Group sells 4% stake in IIFL Finance, Cambridge Mauritius offloads 0.83% stake in Antony Waste
As per the shareholding pattern of June 2021, CDC Group Plc held 5,85,01,587 equity shares or a 15.44 percent stake in IIFL Finance.
Posted on 16 September 2021 | 10:56 pm
World Bank kills business climate report after ethics probe cites #39;undue pressure#39; on rankings
The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.
Posted on 16 September 2021 | 10:56 pm
65% of 7,933 urban settlements do not have any master plan: Niti Aayog report
It recommends that every city must aspire to become a Healthy city for all by 2030 and suggests a central sector scheme, 500 Healthy Cities Programme, for a period of five years
Posted on 16 September 2021 | 9:45 pm
Bluesport Entertainment invests Rs 240 crore on upcoming Premier Handball League
The company has also disinvested shares and onboarded entrepreneurs Vivek Lodha and Abhinav Banthia as their strategic investors.
Posted on 16 September 2021 | 9:28 pm
Trade setup for Friday: Top 15 things to know before Opening Bell
Nagaraj Shetti of HDFC Securities said that although Nifty is placed at the new highs, still there is no indication of any tiredness or reversal pattern at the highs.
Posted on 16 September 2021 | 9:22 pm
Bad bank plan a welcome step, expect a gap-up opening for Bank Nifty tomorrow: Experts
"Investors can hold on to the positions in banking stocks as the short to medium term for the sector looks quite bright now," says Gaurav Garg, Head of Research at CapitalVia Global Research.
Posted on 16 September 2021 | 9:07 pm
As Virat Kohli steps down as T20I captain, a look at what happened to brand Dhoni without captaincy
Kohli#39;s decision is as surprising as MS Dhoni#39;s unexpected move when he stepped down as the ODI and T20I captain of Indian cricket team in 2017.
Posted on 16 September 2021 | 8:41 pm
Facebook to target harmful coordination by real accounts using playbook against fake networks
The new approach uses the tactics usually taken by Facebook#39;s security teams for wholesale shutdowns of networks engaged in influence operations that use false accounts to manipulate public debate, such as Russian troll farms.
Posted on 16 September 2021 | 8:32 pm
Avigna Industrial Logistics Park to invest Rs 500-600 crore to develop a warehousing project in Karnataka
It plans to hand over the first 1 million sq.ft at the Hoskote Industrial Park in 2022-23.
Posted on 16 September 2021 | 8:27 pm
NARCL a game-changer for India#39;s bad debt resolution
Plugging the long-standing gap between policy intent and action, the government has displayed a firm resolve to expedite the recovery process of the banking sector
Posted on 16 September 2021 | 7:56 pm
Hero MotoCorp makes an upward revision on two-wheeler prices; bikes to become costlier by up to Rs 3,000
The company in a press release said that the hike has been necessitated to offset the impact of steadily increasing commodity prices. It has also mentioned that the exact quantum of increase will depend on the model and the market.
Posted on 16 September 2021 | 7:44 pm
Parle Products forays into cereals category
The company has extended its popular brand #39;#39;Hide Seek#39;#39; in the cereals category, according to a statement from Parle Products.
Posted on 16 September 2021 | 7:38 pm
Bad Bank Plan | NARCL is a novel approach to address the NPA crisis
The larger issue now is the efficacy of the NARCL and its ability to resolve assets. So far, there is no convincing record of effective resolution, and none of the parameters and timetables under regulations have performed
Posted on 16 September 2021 | 7:28 pm
Two charts that show why a bad bank is critical for Indian banking
According to SP Global Ratings, stressed assets of Indian banks (which includes restructured loans) will remain elevated at 11-12 percent in fiscal 2022. At the end of fiscal 2021, the comparative number was 8.7 percent.
Posted on 16 September 2021 | 6:47 pm
Almost 50% of NRIs prefer homes for self-use following COVID-19: survey
As many as 50% NRI respondents prefer luxury properties priced less than Rs 1.5 crore and 32% favour premium properties priced between Rs 90 lakh to Rs 1.5 crore
Posted on 16 September 2021 | 6:26 pm
World Bank kills business climate report after ethics probe cites #39;undue pressure#39; on rankings
The Doing Business report assesses regulatory environments, ease of business startups, infrastructure and other business climate measures.
Posted on 16 September 2021 | 10:56 pm
NARCL a game-changer for India#39;s bad debt resolution
Plugging the long-standing gap between policy intent and action, the government has displayed a firm resolve to expedite the recovery process of the banking sector
Posted on 16 September 2021 | 7:56 pm
Hero MotoCorp makes an upward revision on two-wheeler prices; bikes to become costlier by up to Rs 3,000
The company in a press release said that the hike has been necessitated to offset the impact of steadily increasing commodity prices. It has also mentioned that the exact quantum of increase will depend on the model and the market.
Posted on 16 September 2021 | 7:44 pm
Parle Products forays into cereals category
The company has extended its popular brand #39;#39;Hide Seek#39;#39; in the cereals category, according to a statement from Parle Products.
Posted on 16 September 2021 | 7:38 pm
Bad Bank Plan | NARCL is a novel approach to address the NPA crisis
The larger issue now is the efficacy of the NARCL and its ability to resolve assets. So far, there is no convincing record of effective resolution, and none of the parameters and timetables under regulations have performed
Posted on 16 September 2021 | 7:28 pm
TVS Motors forays into Europe#39;s e-bike market, acquires majority stake in Swiss company EGO Movement
This acquisition will further expand the presence of TVS Motor in Europe, post the Norton Motorcycles buy last year.
Posted on 16 September 2021 | 5:41 pm
Economic offences cases dip 12% in pandemic-hit 2020: NCRB report
Economic offences fell an annual 12 percent in the pandemic year, with most cases coming from Rajasthan, followed by UP, Telangana, and Maharashtra, data from the National Crime Records Bureau show. Among big cities, Delhi, Mumbai, and Hyderabad were the worst.
Posted on 16 September 2021 | 3:48 pm
Sputnik Light single-dose vaccine launch in India may get delayed
An expert panel of the Central Drugs Standard Control Organisation asks company to conduct Phase-3 immune-bridging clinical trials on Indian population. Dr Reddy#39;s spokesperson declines to say when the trial will start.
Posted on 16 September 2021 | 3:01 pm
India second-largest technology hub for Amazon globally: India Head Amit Agarwal
Speaking at Amazon India Career Day, Amazon Global Senior Vice President and Country Head India Amit Agarwal said the e-commerce company employs over one lakh professionals in India across diverse areas from engineering, supply chain, content creation, marketing, video and others.
Posted on 16 September 2021 | 2:58 pm
Okaya launches electric scooter Freedum at Rs 69,900
The company already sells two electric scooters -- the AvionIQ series and ClassIQ series. Freedum, which would be available with both lithium-ion and lead-acid battery options, will be the company#39;#39;s third product in the market.
Posted on 16 September 2021 | 2:44 pm
PFC issues 300 million euro bonds in European market
In a statement, Power Finance Corporation Ltd (PFC) said the issuance which took place on Monday saw a strong participation from institutional investors across Asia and Europe with a participation from across 82 accounts and was oversubscribed 2.65 times
Posted on 16 September 2021 | 2:41 pm
Kia drives in updated Carnival with price starting at Rs 24.95 lakh
The refreshed Carnival will now feature Kia’s new corporate logo giving a fresh new look to the vehicle, the automaker said in a statement.
Posted on 16 September 2021 | 2:28 pm
FADA seeks clarity from Ford on compensation structure for dealers
In a letter to Ford India MD President and Managing Director Anurag Mehrotra, FADA President Vinkesh Gulati pointed out the difficulties being faced by the company’s dealers across the country.
Posted on 16 September 2021 | 2:16 pm
EaseMyTrip expands international presence to Philippines, Thailand, US
"The company has forayed into these new countries, anticipating a huge pent-up global demand for the travel and tourism sector in the coming months," EaseMyTrip said in a regulatory filing.
Posted on 16 September 2021 | 1:49 pm
PLI scheme for auto sector to help attract Tesla to set up manufacturing base in India: Mahendra Nath Pandey
The Union Cabinet on September 15 approved a 25,938-crore PLI scheme for the auto sector focused on promoting the manufacturing of advanced automotive technology products like electric and hydrogen-fuel vehicles.
Posted on 16 September 2021 | 1:25 pm
