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Showing posts from July, 2021

Coronavirus News Highlights: Maharashtra sees 225 new COVID-19 deaths, 6,959 cases, 7,467 recoveries

Coronavirus News Highlights: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3j7W5Qh

Coronavirus News LIVE Updates: Tokyo#39;s daily COVID-19 infections hit new record of 4,058

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3zVDVrW

Torrent Power acquires 50 MW solar power plant from Lightsourcebp UKCI

This acquisition takes Torrent Power’s total generation capacity to over 4.5 GW (including under construction projects) and its renewable portfolio to more than 1.6 GW. from Moneycontrol Business News https://ift.tt/3zRXC3K

Intra-day NAV to be applicable for ETF transactions by large investors directly with AMCs

The decision was taken based on feedback received from the mutual fund (MF) industry and recommendations of the capital markets regulator#39;s mutual fund advisory committee, according to a circular. from Moneycontrol Business News https://ift.tt/3BXeU1b

Coronavirus News LIVE Updates: Central team reaches Kerala to discuss measures to control COVID-19 in state

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3BYbyuN

SpiceJet launches 16 new flights, Bhavnagar added to domestic network

SpiceJet COO Shilpa Bhatia said the additional flights will “support the domestic expansion we are aiming for aggressively”. from Moneycontrol Business News https://ift.tt/3idd0BC

Coronavirus News LIVE Updates: India’s COVID-19 vaccination coverage crosses 46.15 crore, 52.99 lakh doses administered in last 24 hours

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry. from Moneycontrol Business News https://www.moneycontrol.com/news/business/coronavirus-news-live-updates-india’s-covid-19-vaccination-coverage-crosses-4615-crore-5299-lakh-doses-administeredlast-24-hours_15358341.html

Ind-Swift to sell API business to PI Industries for Rs 1,530 crore

The sale is expected to close on October 21, 2021, subject to approvals and closing conditions. from Moneycontrol Business News https://ift.tt/3yfc853

Coronavirus News LIVE Updates: India#39;s COVID-19 recovery rate stands at 1.29%

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 46.15 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3zZh2nr

Data storage norms: Mastercard submits audit report to RBI

The Reserve Bank had on July 14 put an indefinite ban on Mastercard from issuing new credit, debit and prepaid cards. The ban came into effect from July 22. from Moneycontrol Business News https://ift.tt/37a1OPV

Coronavirus News LIVE Updates: India#39;s COVID-19 tally rises above 3.16 crore with 41,649 new cases; 593 more die

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3xgYz3I

Break the stigma: Time to make mental health part of sick leaves

Employees are often forced to give excuses for taking time off for mental health. It is crucial that organisations make mental health leave a standard HR practice. from Moneycontrol Business News https://ift.tt/3zRsEsw

Lottery Sambad Result July 31: ‘Dear Bangasree Damodar’ lottery winners to be announced at 4 pm

Lottery Sambad Results: The first prize winner of #39;Dear Bangasree Damodar#39; lottery will take home Rs 50 lakh from Moneycontrol Business News https://www.moneycontrol.com/news/business/lottery-sambad-result-july-31-‘dear-bangasree-damodar’-lottery-winners-to-be-announced-at-4-pm_15358401.html

Coronavirus News LIVE Updates: Gujarat reports no COVID-19 death for 12th day in row, logs 21 new cases

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/3zS1XE2

Coronavirus News LIVE Updates: Assam#39;s COVID-19 tally rises above 5.65 lakh with 1,179 new cases; 20 more die

Coronavirus News LIVE Updates: The cumulative number of COVID-19 vaccine doses administered in India has crossed 45.6 crore, according to the Union Health Ministry. from Moneycontrol Business News https://ift.tt/2VjpYF1

Petrol, diesel prices on July 31: Fuel prices steady for 14th day in a row, check rates in your city

Fuel prices: The last increase took the petrol price in Delhi near Rs 102 per litre-mark. from Moneycontrol Business News https://ift.tt/3A87KFR

Kansai Nerolac Paints Q1 net rises over two-folds to Rs 111.38 crore

According to the company, continuing the trend of earlier quarters, raw material prices further hardened resulting in extremely high inflation coupled with tightness in supplies. from Moneycontrol Business News https://ift.tt/3C8JpS2

Sun Pharma posts Rs 1,444.17-crore net profit in June quarter

The company had posted a net loss of Rs 1,655.60 crore for the corresponding period of the previous fiscal, Sun Pharma said in a regulatory filing. from Moneycontrol Business News https://ift.tt/379385D

Indian Oil Corp quarterly profit jumps three-fold

The state-owned company had reported a net profit of 59.41 billion rupees ($798.92 million) in the quarter ending June 30 compared with 19.11 billion rupees a year ago. from Moneycontrol Business News https://ift.tt/3j6FNab

Natural gas futures fall over 1.5% on profit booking, support seen at Rs 293 level

The momentum indicator Relative Strength Index (RSI) is at 66.19, which suggests upbeat movement in the price. from Moneycontrol Business News https://ift.tt/3feQLto

Zydus Cadila gets USFDA nod for breast cancer treatment drug

Fulvestrant injection is used alone or in combination with other drugs to treat a certain type of hormone receptor positive, advanced breast cancer (breast cancer that depends on hormones such as estrogen to grow) or breast cancer that has spread to other parts of the body in women who have experienced menopause. from Moneycontrol Business News https://ift.tt/2UVCXgt

Hindustan Zinc to invest $1 billion to replace diesel vehicles with battery EVs

The company, which has signed an agreement with Finnish technology firm Normet Group Oy to introduce front line battery-powered service equipment in underground mining, will deploy three of Normet SmartDrive EVs – a #39;Spraymec#39;, an #39;Agitator#39;, and a #39;Charmec#39; - in their underground mines, in the first phase. from Moneycontrol Business News https://ift.tt/3j9LEfg

Rakesh Jhunjhunwala airline: Shankar Sharma takes dig at ace investor’s aviation plans

Rakesh Jhunjhunwala, on July 28, told Bloomberg that he was considering investing $35 million in the airline venture and would own 40 percent of the carrier. from Moneycontrol Business News https://www.moneycontrol.com/news/business/rakesh-jhunjhunwala-airline-shankar-sharma-takes-dig-at-ace-investor’s-aviation-plans_15356781.html

First Solar plans to invest $684 million to set up solar manufacturing facility in India

Contingent upon permitting, and pending approval of Indian government incentives that are satisfactory to First Solar, the advanced facility is expected to commence operations in the second half of 2023, a company statement said. from Moneycontrol Business News https://ift.tt/3lgs7fB

Google removes 71,132 content pieces in May, 83,613 items in June in India: Compliance reports

In addition to reports from users, Google also removed 6,34,357 pieces of content in May and 5,26,866 in June as a result of automated detection. from Moneycontrol Business News https://ift.tt/2V3sEXE

DBS, Temasek launch $500 million debt financing platform for growth stage technology-enabled firms

Tan Su Shan, Group Head of Institutional Banking at DBS said the development provides an opportunity for the bank to “play an integral role in nurturing and financing the growth of Asia’s future unicorns”. from Moneycontrol Business News https://ift.tt/3yfnKoS

Shift to renewable energy can generate over 5.4 lakh jobs in India by 2050: Report

If the Paris Agreement target of limiting global warming to well below 2 degrees Celsius is met, the number of jobs in India#39;s energy sector will increase from 8.6 lakh to 14 lakh by 2050, a study has found from Moneycontrol Business News https://ift.tt/3j6LCEE

Lupin acquires Melbourne-based drug maker SCP to bolster Australia generics business

As a part of the transaction, Lupin will gain access to over 60 registered products having sales of over AUD 30 million from Moneycontrol Business News https://ift.tt/3BWpqWx

Eris Lifesciences on the lookout for acquisitions of brands, product portfolios

The company shortlists therapy segments such as cardio, diabetes, vitamins, neuro, dermatology and women#39;s health for buyouts. COO says there are opportunities coming from multinationals and large domestic companies. from Moneycontrol Business News https://ift.tt/3rPZVla

Are Indian start-ups worthy successors to the IT pioneers of the 80s?

Many of the new domestic champions are yet to prove their viability at home. Competing elsewhere isn’t even on the horizon  from Moneycontrol Business News https://ift.tt/2WCbErZ

China lays down challenge to the West on crypto

Governments and private sector must adopt more unified approach in response to Beijing from Moneycontrol Business News https://ift.tt/3icKkIZ

Maruti Suzuki plans Rs 4,500 capex in FY22, subject to market realities

Maruti Suzuki’s sales and capex had fallen sharply in FY21 but this year, bookings for July rose 20 percent over June and company executive say the booking rate is already at 80-85 percent of the Q4FY21 peak from Moneycontrol Business News https://ift.tt/3fbKXAE

National Education Policy launches credit-based flexible courses for students, to reduce dropouts

After the first year of a UG degree, a certificate will be awarded. On completion of the second year, a diploma will be awarded while the three-year programme completion will lead to a Bachelor#39;s Degree. from Moneycontrol Business News https://ift.tt/3zTDYEj

Dana Incorporated picks up 1% stake in Switch Mobility for $18 million

Switch Mobility has signed a strategic agreement with Dana under which the latter will also be a preferred supplier of electric drivetrain components for its e-bus and EV commercial vehicle offering, including e-axles, gearboxes, motors, inverters, software and controls, and electronics cooling, the company said in a statement. from Moneycontrol Business News https://ift.tt/3l6yFgS

MacKenzie Scott, Melinda French Gates join to fund gender equality

Melinda French Gates said in a statement that “we can break the patterns of history" and advance gender equality if there#39;s a commitment to support organizations, like the awardees, "that are ready to lift up women and girls.” from Moneycontrol Business News https://ift.tt/375TyRb

Tech Mahindra – A great growth story available at a discount

The strong outlook along with an undemanding valuation makes Tech M an attractive large-cap bet to ride the strong technology upcycle from Moneycontrol Business News https://www.moneycontrol.com/news/business/tech-mahindra-–-a-great-growth-story-available-atdiscount_15354641.html

Toyota to increase Innova Crysta prices by up to 2% from August

The company would realign the price of Innova Crysta by up to 2 percent effective August 1, 2021, the automaker said in a statement. from Moneycontrol Business News https://ift.tt/2WAvvI1

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/2UUVUQt

Indus Towers posts profit of Rs 1,415 crore in Q1

The financial performance, however, is not comparable because the scheme of amalgamation and arrangement between Bharti Infratel and erstwhile Indus Towers Limited (a joint venture company) became effective on November 19, 2020. from Moneycontrol Business News https://ift.tt/3rF6Pta

LIC Housing Finance Q1 net down 81% to Rs 153.44 crore on increased NPA provisioning

The housing finance company made a provision of Rs 830 crore for NPAs during the quarter. from Moneycontrol Business News https://ift.tt/3jhSZcL

Rising retail borrower stress points to uneven economic recovery

Bottom of the pyramid individuals and businesses are clearly stressed from Moneycontrol Business News https://ift.tt/3f65V3U

Divestment in three public sector entities on the cards ahead of LIC IPO: Report

Stakes in Rashtriya Chemical and Fertilizers, National Fertilisers and Mishra Dhatu Nigam will be divested within the next quarter, via offer on sale (OFS) route from Moneycontrol Business News https://ift.tt/3zJzxMo

China#39;s crackdown on its biggest companies

From after-school tutoring to music streaming apps, and shopping to bike-sharing, stellar firms have been hit as Beijing tightens the leash on corporations, citing national security and antitrust concerns. from Moneycontrol Business News https://ift.tt/2Vk1PON

China tries to ease investor fears over crackdown: Report

The business models of private tutoring firms were obliterated by a shock announcement on Saturday that they must become non-profits, sending stock prices crashing. from Moneycontrol Business News https://ift.tt/3f5ZBcG

National Education Policy: One year of steady reforms, a few more miles to go

While school curricula now include new subjects and regional languages have been made the medium of instruction, the key change in allowing flexibility for students to enter and exit college courses is awaited from Moneycontrol Business News https://ift.tt/3i9K11G

Tata Sons arm to acquire controlling stake in Tejas Networks for nearly Rs 1,890 crore

The company has executed definitive agreements with Panatone Finvest, a subsidiary of Tata Sons (Tata group holding firm), it said in a statement. from Moneycontrol Business News https://ift.tt/3fa30HE

Should India alter its Make-in-India playbook to suit Elon Musk?

Lowering import duty on electric vehicles would go against the underlying ethos of encouraging manufacturing in India and the aim to build global champions from Moneycontrol Business News https://ift.tt/2WrZkKF

BharatPe to raise $350 million for $2 billion valuation, on path for ‘unicorn’ status: Report

The development comes ahead of BharatPe’s plans with Centrum Group to take over the Punjab and Maharashtra Co-operative Bank from Moneycontrol Business News https://www.moneycontrol.com/news/business/bharatpe-to-raise-36350-million-for-362-billion-valuationpath-for-‘unicorn’-status-report_15348641.html

Ford approaches rival carmakers to explore tie-ups for Indian operations: Report

In January 2021, Ford had called off its proposed joint venture with Mahindra Mahindra, citing challenges caused by the COVID-19 pandemic. from Moneycontrol Business News https://ift.tt/3BScHnK

SBI Yono Lite app: Check new feature for making online banking safe

In a tweet, SBI said, #39;Now online banking is more secure than ever with SBI! Download the latest YONO Lite app now#39;. from Moneycontrol Business News https://ift.tt/3icDPG0