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Showing posts from January, 2020

Toyota Kirloskar sales down 41% at 7,122 units in January

In the domestic market, the company reported sales of 5,804 units last month, down 48 per cent from 11,221 units in January 2019, TKM said in a statement. from Moneycontrol Business News https://ift.tt/37OHGSj

Income Tax Budget 2020 LIVE Updates: FM Sitharaman says To set up 9,000km eco corridor, 2,000km of coastal road

FM Nirmala Sitharaman says have added 60 lakh new taxpayers and households saved 4% on monthly spends after GST implementation from Moneycontrol Business News https://ift.tt/2RKBNzY

Maruti Suzuki Jan sales increases 1.6%, beat estimates

Passenger car sales increased 9 percent to 1.11 lakh units year-on-year in January 2019. from Moneycontrol Business News https://ift.tt/2GJli0Q

Canara Bank MD, CEO R A Sankara Narayanan retires

"RA Sankara Narayanan, Managing Director CEO of the Bank has retired from the services of the Bank on 31st January 2020, on his attaining the age of superannuation," Canara Bank said in a filing to BSE. from Moneycontrol Business News https://ift.tt/2GHO5mf

Income Tax Budget 2020 LIVE Updates: FM Sitharaman says Rs 1.23 lakh cr to be allocated for rural dvpt, Panchayati Raj

FM Nirmala Sitharaman says have added 60 lakh new taxpayers and households saved 4% on monthly spends after GST implementation from Moneycontrol Business News https://ift.tt/2RLw8cF

Budget 2020 LIVE updates: Rs 2.83 lakh to be allocated for agri irrigation, says FM Sitharaman

FM Nirmala Sitharaman says have added 60 lakh new taxpayers and households saved 4% on monthly spends after GST implementation from Moneycontrol Business News https://ift.tt/2GJTedu

January sales at 3,130 units, February numbers may be hit by coronavirus disruption: MG Motor

Commenting on January sales performance, MG Motor India Chief Commercial Officer Gaurav Gupta said, "The robust sales momentum of our first offering, the Hector, has been very encouraging." from Moneycontrol Business News https://ift.tt/2OhBpGZ

IHCL adds 24 hotels to portfolio so far this fiscal: CEO

"So far in the current fiscal, we have signed 24 hotels with an inventory of over 2,800 keys. We will be signing a few more this quarter taking the total to more than last year#39;s numbers. from Moneycontrol Business News https://ift.tt/37Y8Oyp

Income Tax Budget 2020 LIVE Updates: FM Sitharaman begins Budget presentation, personal tax rejig expected

Union Budget 2020 has announced Income Tax cuts. Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/2ROxYcZ

Budget 2020 LIVE updates: 20% reduction in turnaround time for trucks due to GST, says FM Sitharaman

Union Budget 2020-21 Latest Updates: Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/37OYxUV

Income Tax Budget 2020 LIVE Updates: Expectations are high that Finance Minister Nirmala Sitharaman will rejig personal taxes

Union Budget 2020 has announced Income Tax cuts. Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/36MJOJ1

Escorts January sales almost in-line with estimates, rise 1.2%

Domestic tractor sales in January grew by 1.4 percent to 5,845 units, but exports declined 4.8 percent YoY to 218 units during the month. from Moneycontrol Business News https://ift.tt/37OSUGh

Budget 2020 LIVE updates: PM Modi, Amit Shah arrive in Parliament ahead of Cabinet meet at 10;45 am

Union Budget 2020-21 Latest Updates: Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/2S80QvJ

Economic Survey 2020: How much does it translate into actionable ideas?

Authored by Chief Economic Adviser Krishnamurthy Subramanian and his team, the Survey serves as the official report of the economy and as a policy guide. The government is not bound to follow these recommendations. from Moneycontrol Business News https://ift.tt/2UdOLHV

Budget 2020: Bahi khata is back as FM Nirmala Sitharaman leaves North Block

In 2019, Sitharaman gave an Indian touch to the Budgetary exercise, by carrying the Budget documents to Parliament in ‘bahi-khata’. from Moneycontrol Business News https://ift.tt/2OgiufN

Budget 2020 LIVE updates: FM Nirmala Sitharaman reaches Parliament, Cabinet meet at 10:15 am

Union Budget 2020-21 Latest Updates: Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/3b2SEW8

Budget 2020: Why markets remain open on Budget days

Despite being a Saturday, the National Stock Exchange (NSE) and BSE will remain open for trading from Moneycontrol Business News https://ift.tt/31kL44P

Budget 2020 LIVE updates: Sensex, Nifty fall 0.48% each; Bank Nifty trades below 100-DMA

Union Budget 2020-21 Latest Updates: Track this LIVE blog for the latest developments through the day from Moneycontrol Business News https://ift.tt/2RMuxU8

Budget 2020 | State spend on infra, tax incentives likely to push growth

FInance Minister Nirmala Sitharaman is expected to announce plans to spend over Rs 102 trillion on roads, ports, airports, irrigation and other infrastructure over the next five years. from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2020-|-state-spendinfra-tax-incentives-likely-to-push-growth_13438961.html

Coronavirus Outbreak: Here is a look at the likely impact on companies

Various businesses across sectors have felt the impact of the coronavirus. Here are a few: from Moneycontrol Business News https://ift.tt/2S8SPqs

Budget 2020 LIVE updates: Will FM Nirmala Sitharaman continue with the bahi khata?

Track this space for the latest developments on the Union Budget 2020. from Moneycontrol Business News https://ift.tt/2UgmAIo

Budget 2020 LIVE updates: 69% Indians want tax-free income limit raised to Rs 5 lakh, finds survey

Track this space for the latest developments on the Union Budget 2020. from Moneycontrol Business News https://ift.tt/2Ohhace

Budget 2020 LIVE: FM Sitharaman to present budget speech at 11am

Track this space for the latest developments on the Union Budget 2020. from Moneycontrol Business News https://ift.tt/2RJZ2di

Coronavirus outbreak: Prices of ACs TVs could rise 5-10% in India

Companies in India depend on imports of critical spare parts from China from Moneycontrol Business News https://ift.tt/2RFZut0

Budget 2020 | Here#39;s what Aam Aadmi, industry and market are seeking from FM Nirmala Sitharaman

The aam aadmi is seeking reduction in the personal income tax rates, rejig of existing tax slabs, and raising the minimum personal income tax exemption limit from the current Rs 2.5 lakh from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2020-|-here39saam-aadmi-industrymarketseekingfm-nirmala-sitharaman_13432961.html

Economic Survey 2020 LIVE: India has felt effect of global slowdown, says Subramanian

Economic Survey projects GDP growth rate for FY21 at 6-6.5 percent. FY20 GDP seen at 5 percent. from Moneycontrol Business News https://ift.tt/2vFF8I5

NAV dips at ReSI

Residential Secure Income (ReSI) has suffered a dip in net asset value (NAV) following tax changes that mean VAT is chargeable on property managers. from Property Week - Latest Residential News https://ift.tt/2S649n5

Vedanta implementing resolution plan for acquisition of FACOR

In a regulatory filing the company said, the consideration for the acquisition is in the form of "upfront cash and non-convertible debentures which will mature in four equal instalments over a period of four years" whereby management control of FACOR will be taken by the company. from Moneycontrol Business News https://ift.tt/2uMe3Co

Economic Survey 2020 LIVE: FM Sitharaman tables Economic Survey in Parliament, FY21 GDP growth estimated at 6-6.5%

Economic Survey projects GDP growth rate for FY21 at 6-6.5 percent. FY20 GDP seen at 5 percent. from Moneycontrol Business News https://ift.tt/319yCEY

BHEL, EESL sign pact to develop public charging infrastructure for e-mobility

"BHEL has signed a memorandum of understanding (MoU) with Energy Efficiency Services Ltd (EESL)," the state-owned firm informed stock exchanges. from Moneycontrol Business News https://ift.tt/37LDbYz

Budget 2020: Ease in GST refunds could be a big boost for MSMEs

There has been irregularity from the GST committee in getting GST refunds on time from Moneycontrol Business News https://ift.tt/2uS60DW

Voltas’ non-AC ventures may overtake AC business in five years: MD CEO

The company has set up a 60-acre facility in Sanand, Gujarat for manufacturing appliances under the #39;Voltas Beko#39; brand from Moneycontrol Business News https://www.moneycontrol.com/news/business/voltas’-non-ac-ventures-may-overtake-ac-businessfive-years-mdceo_13432981.html

Budget 2020 | Here what Aam Aadmi, industry and market is seeking from FM Nirmala Sitharaman

The aam aadmi is seeking reduction in the personal income tax rates, rejig of existing tax slabs, and raising the minimum personal income tax exemption limit from the current Rs 2.5 lakh from Moneycontrol Business News https://www.moneycontrol.com/news/business/budget-2020-|-hereaam-aadmi-industrymarket-is-seekingfm-nirmala-sitharaman_13432961.html

Economic Survey 2020 LIVE: Congress MPs shout "Shame" as President lauds CAA

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://www.moneycontrol.com/news/business/economic-survey-2020-live-congress-mps-shout-"shame"-as-president-lauds-caa_13430581.html

Majesco to acquire InsPro Technologies for $12 mn

The transaction, which is expected to close in April 2020, is structured as a cash for stock merger and is subject to customary closing conditions, including InsPro Technologies#39; stockholder approval, Majesco said in a filing to BSE. from Moneycontrol Business News https://ift.tt/36HIPJR

Economic Survey 2020 LIVE: Committed to working in accordance with the Constitution, says President Kovind

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://ift.tt/2u5Ctqy

Exclusive | LT revives plans to sell MF business; ropes in JP Morgan as advisor

The move is part of LT#39;s drive for the past few years to monetise its non-core segments and businesses and become a leaner and meaner conglomerate from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-|-lt-revives-plans-to-sell-mf-business-ropesjp-morgan-as-advisor_13431301.html

Two-day PSU bank strike impacts services

Many banks, including State Bank of India (SBI), had informed customers in advance that operations may be impacted to some extent due to the strike. from Moneycontrol Business News https://ift.tt/38RpIyw

Unilever puts global tea business under review, including Lipton and PG Tips

Unilever said the review was triggered by the sales slowdown of traditional black tea in developed markets as consumers shift towards herbal tea. from Moneycontrol Business News https://ift.tt/36OdNQQ

Unit-1 of NTPC#39;s Khargone Super Thermal Power Station to start from February 1

"We wish to inform that unit-1 of 660 megawatt (mw) of Khargone Super Thermal Power Station (2x660 mw) is hereby declared on commercial operation with effect from 00:00 hrs of 01.02.2020," the PSU said in a regulatory filing. from Moneycontrol Business News https://ift.tt/36EEjvH

Bharti Airtel says its name removed from DGFT blacklist

The company said its has now been removed from the denied entry list, after it highlighted the relevant details and documents submitted to the Directorate General of Foreign Trade (DGFT). from Moneycontrol Business News https://ift.tt/38V8r7H

Economic Survey 2020 LIVE: Budget session to lay strong foundation, says PM Modi

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://ift.tt/36L5ZPw

Economic Survey 2020 LIVE: Document likely to peg FY20 growth at 5%, FY21 growth at 6-6.5%, say sources

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://ift.tt/31as4Wu

Economic Survey 2020 LIVE: CEA KV Subramanian to address press conference today

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://ift.tt/37JrO3q

Economic Survey 2020 LIVE: Chief Economic Advisor Krishnamurthy V Subramanian to present document today

Commentary on topics such as GDP growth, job growth and GST collection is expected in the Economic Survey 2020 from Moneycontrol Business News https://ift.tt/2RHhFi9

Wipro CEO Abidali Neemuchwala steps down, co looking for a successor

Neemuchwala will continue to hold the office of CEO and MD until a successor is appointed, the company added. from Moneycontrol Business News https://ift.tt/36Jtybz

Rupee plunges by 22 paise to 3-week low against US dollar on coronavirus fears

Forex traders said most Asian currencies declined after the US Federal Reserve kept its key policy rates steady. from Moneycontrol Business News https://ift.tt/318hZcP

Exclusive| Captain on IndiGo flight says Kunal Kamra was not unruly, questions ban by airline

The captain has asked the airline for a clarification. from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive|-captainindigo-flight-says-kunal-kamra-was-not-unruly-questions-ban-by-airline_13428701.html

Exclusive: Captain on IndiGo flight says Kunal Kamra was not unruly, questions ban by airline

The captain has asked the airline for a clarification. from Moneycontrol Business News https://ift.tt/31467sm

PNB fraud case: Nirav Modi remanded until February 27

The 48-year-old, who has been lodged at Wandsworth Prison in south-west London, appeared via videolink from prison before District Judge David Robinson. from Moneycontrol Business News https://ift.tt/2GxgVG1

Orient Green Power Q3 loss narrows to Rs 39.68cr

The board of directors of the company also approved reduction of face value of its equity share of Rs 10 each to Rs 5 each by reducing the share capital from Rs 7,507,239,770 to Rs 3,753,619,885. from Moneycontrol Business News https://ift.tt/2S0jc1M