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Showing posts from August, 2021

Escorts posts 21.7% decline in tractor sales at 5,693 units in August

The company had sold a total of 7,268 units in the same month last year, Escorts said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3zuO1jw

Interview | Riding high on Bharat, gold jewellery demand and digital push: Titan MD   

The post-COVID recovery has seen gold jewellery benefit more than studded jewellery. Scaling up the business is the main focus, says CK Venkataraman, Managing Director of Titan Company from Moneycontrol Business News https://www.moneycontrol.com/news/business/interview-|-riding-highbharat gold-jewellery-demanddigital-push-titan md-  _15500961.html

Bajaj Auto reports 5% increase in sales at 3,73,270 units in August

Domestic sales were, however, down 7 percent at 1,72,595 units as compared to 1,85,879 units in August last year, the company said in a statement. from Moneycontrol Business News https://ift.tt/3BITGn1

Will the Bank Nifty have the last laugh?

The stage is set for the Bank Nifty catching up, albeit with some gyrations. Investors could well participate in the last leg of the rally riding on the Bank Nifty from Moneycontrol Business News https://ift.tt/38ASiWF

Netflix rolls out UPI autopay feature in India: Here is how it works

Existing members in India can also switch to UPI AutoPay by going to Billing Details in their Account section (on a browser, or through the Android app). from Moneycontrol Business News https://ift.tt/2Yjnb0h

NCR focus to yield good dividends for Max Healthcare

Shares of Max Healthcare gained 15 percent this week after the company said it has acquired the rights to develop and operate a 500-bed hospital at Saket, South Delhi from Moneycontrol Business News https://ift.tt/3mQrJ8w

Around 18 unicorns to hit street with $11-12 bn IPOs in 2 years: Bofa

The domestic startups have created around 60 unicorns, having USD 1 billion valuations or more, and 20 of them this year alone. Many reports predict that the number will cross the 100-mark this year, going by the massive fund inflows into startups. from Moneycontrol Business News https://ift.tt/3jvdILl

Startups playing key role in enhancing India-US partnership: Ambassador Taranjit Singh Sandhu

Tarnajit Singh Sandhu was delivering a keynote address to a webinar on Opportunities in the Indian Startup Ecosystem and the deepening of India-US partnership. from Moneycontrol Business News https://ift.tt/3juDu2a

Central government finances now in better shape than before the pandemic

The tax revenue figures show that some sections of society and larger companies seem to be doing better than even before the pandemic from Moneycontrol Business News https://ift.tt/2V2DsFo

GDP in April-June 2021 still well below that of April-June 2019

Private consumption is still 88.1 per cent of what it was two years ago  from Moneycontrol Business News https://ift.tt/2WFtx96

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/3t1sRXZ

Petrol, diesel prices on September 1: Petrol price cut to Rs 101.34/ltr in Delhi, check rates in your city

In Mumbai, the petrol price was declined by 13 paise to retail a litre of the fuel at Rs 107.39 from Moneycontrol Business News https://ift.tt/3jyLDmi

Hero Electric partners with Wheels EMI to offer easy financing options to customers

Besides vehicle financing, the partnership also offers extra benefits to Hero Electric customers such as attractive interest rates, flexible tenure options and affordable equal monthly instalments (EMIs) as per customer eligibility, it said. from Moneycontrol Business News https://ift.tt/3DwDWFd

Bank of India announces closure of QIP issue; raises Rs 2,550 crore

The capital issue committee at its meeting held on August 31, 2021 has approved the issue and allotment of 40,54,71,866 equity shares to eligible qualified institutional buyers (QIBs) at an issue price of Rs 62.89 per share, aggregating to Rs 2,550.01 crore, Bank of India said in a regulatory filing on Tuesday. from Moneycontrol Business News https://ift.tt/3yABsBP

Honda Cars joins hands with IndusInd Bank for vehicle financing

The partnership will facilitate customers to avail custom-built financing solutions on purchase of Honda Amaze and Honda City such as low EMI, flexi term, up to 100 percent ex-showroom funding and customised schemes for specific customer groups. from Moneycontrol Business News https://ift.tt/3kErD0T

CavinKare goes for major business reorganisation, targets Rs 5,000 crore in 3 years

CavinKare 2.0 to focus on innovation, e-commerce and synergies among divisions. Company expected to launch slew of e-commerce specific brands/products. from Moneycontrol Business News https://ift.tt/3DvS5T2

LT concludes divestment of entire stake in 99 MW hydro plant at Uttarakhand to ReNew Power

The stake sale was completed following the completion of customary conditions precedent agreed under the Securities Purchase Agreement dated August 11, 2021. from Moneycontrol Business News https://ift.tt/2WwCK4d

Semiconductor shortage hurting production, may impact August-September automobile wholesales: Report

In August, the registration of passenger vehicles and tractors saw a 41-44 per cent uptick over the same period of 2019, and truck registrations are also improving despite a 15 per cent decline in the months over August 2019, financial services firm Jefferies said in its report. from Moneycontrol Business News https://ift.tt/3kDAyQd

With doors opening wide, drones club may admit many more members

The new rules governing drone usage have been welcomed by all but there are also a few words of caution and suggestions on what needs to be done to make their implementation smoother. from Moneycontrol Business News https://ift.tt/3kGUDoG

Tata Motors launches Tigor EV at Rs 11.99 lakh

The Tigor EV features a 7 inch Harman touchscreen entertainment system, automatic climate control, rear parking camera, front power outlet, rear defogger, cooled glovebox and electric boot unlocking from Moneycontrol Business News https://ift.tt/3gIQFLa

Fintechs threaten another banking bastion

The Google Pay-Equitas tie-up could disrupt the deposits market. Banks could see market shares in deposits dip and cost of funds increase  from Moneycontrol Business News https://ift.tt/3mKqnvZ

Prosus buys Billdesk for $4.7 billion

"Together, the two expect to create a financial ecosystem handling 4 billion transactions annually - four times PayU#39;s current level in India," the company said. from Moneycontrol Business News https://ift.tt/3Dxg8kA

NTPC Darlipali Thermal Power Station#39;s Unit 2 to start commercial operation from September 1

"Unit-2 of 800 MW capacity of Darlipali Super Thermal Power Station, Stage-I (2 x 800 MW) is declared on commercial operation w.e.f 00:00 Hrs of 01.09.2021," NTPC said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3DxEaMf

Kotak Mahindra Bank to sell 20 crore shares of Airtel Payments Bank to Bharti Enterprises for Rs 294 crore

A share purchase agreement has been executed by the bank for divestment of 20,00,00,000 equity shares (8.57 percent stake) held by Kotak Mahindra Bank Ltd in APBL. from Moneycontrol Business News https://ift.tt/3Bivdoe

Google removes 95,680 content pieces in July in India: Compliance report

In addition to reports from users, Google also removed 5,76,892 pieces of content in July as a result of automated detection. from Moneycontrol Business News https://ift.tt/2WBar4f

Ola IPO in early 2022, to raise $2 billion: Report

Bengaluru-based startup Ola will raise half of the capital through primary issue and the rest through an offer for sale (OFS) from some early backers, the report added citing people aware of the matter. from Moneycontrol Business News https://ift.tt/3DwHyao

COVID-19 – No ground for complacency

Higher vaccine availability and a stronger vaccination drive are good things, but the virus is far from being tamed yet from Moneycontrol Business News https://www.moneycontrol.com/news/business/covid-19-–-no-ground-for-complacency_15497021.html

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/38oq4yq

Petrol, diesel prices on August 31: Fuel prices unchanged, check rates in your city

In Mumbai, the petrol price remained unchanged and retailed at Rs 107.52 a litre. from Moneycontrol Business News https://ift.tt/3zxgWnc

Rakesh Jhunjhunwala-backed Rare Enterprises to invest in Syska LED

Syska Group has witnessed success over the years due to its first mover mindset and constant innovation and become one of the leading fast-moving electrical goods companies in the country. from Moneycontrol Business News https://ift.tt/3kvzDkE

Good News| Depositors of stressed banks, including PMC to get up to Rs 5 lakh back from November 30

The government has notified September 1, 2021 as the date on which the provisions of the Act shall come into force, according to a gazette notification dated August 27, 2021. from Moneycontrol Business News https://www.moneycontrol.com/news/business/good-news|-depositorsstressed-banks-including-pmc-to-getto-rs-5-lakh-backnovember-30_15496461.html

Tesla gets approval for four models from India’s testing agencies

It was not immediately clear which models or variants these were but multiple test cars of Tesla have been spotted regularly on Indian roads. Model 3 and Model Y have been seen testing in India since the past several weeks. from Moneycontrol Business News https://www.moneycontrol.com/news/business/tesla-gets-approval-for-four-modelsindia’s-testing-agencies_15496401.html

Interview | Targeting a double-digit compounded growth in revenue: Arathi Krishna, MD, Sundram Fasteners

While the technology transition — from BS VI to electric vehicles — has thrown up immense scope for Sundram, the company is looking at non-auto sectors as well, says Krishna from Moneycontrol Business News https://www.moneycontrol.com/news/business/interview-|-targetingdouble-digit-compounded-growthrevenue-arathi-krishna-md-sundram-fasteners_15494561.html

Apps try putting financial literacy at kids#39; fingertips

Numerous reports have noted that financial literacy in the United States has resisted improvement for some time, even though more states have begun requiring schools to teach it. from Moneycontrol Business News https://ift.tt/3kE34Ba

McLeod Russel bankruptcy case may fan winds of change in tea industry

Whatever the outcome of the insolvency proceedings initiated against the company, experts say it is time to fix the structural deformities in the tea plantations business from Moneycontrol Business News https://ift.tt/3Du4RBy

Maruti Suzuki to hike prices in September

The Delhi-based carmaker had hiked prices in April and July this year. from Moneycontrol Business News https://ift.tt/3kDzYll

Carnival Cinemas unable to repay lenders after COVID-19 impact: Report

Employees who have exited Carnival Cinemas or were asked to leave since March 2020 (the beginning of the pandemic) have reportedly not received their full and final settlements from Moneycontrol Business News https://ift.tt/3sVmdlO

Govt may give companies 45 days to withdraw retrospective tax claims: Report

Under the amendment, the government will refund the amount collected as retrospective tax without interest. The companies will also have to give an undertaking that they will not seek costs, damages, or interest. from Moneycontrol Business News https://ift.tt/3BpJ246

MC Insider: Get-out-of-jail conmen, the restless former CM, tongue-lashing for Infy, flop IPO 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/3DtVi5C

The Modi government’s courage in biting the bullet on asset monetisation deserves kudos

Those opposing asset recycling should tell us whether they prefer the alternatives: higher taxes or a higher fiscal deficit  from Moneycontrol Business News https://www.moneycontrol.com/news/business/the-modi-government’s-couragebitingbulletasset-monetisation-deserves-kudos_15493781.html

The way to turbocharge electric mobility

A robust charging infrastructure is crucial for the faster adoption of electric vehicles in India   from Moneycontrol Business News https://ift.tt/3mJr1K7

MC Insider: Longer wait for ex-BJP leaders, the restless former CM, tongue-lashing for Infy, flop IPO 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/38nCBSJ

Time right for next set of technology giants to be born in India: Pawan Munjal

Addressing the 10th convocation of the Indian Institute of Technology Gandhinagar virtually as its chief guest, he urged the graduating students to grab opportunities and challenges that #39;#39;the largest digitally-connected open marketplace#39;#39; offers. from Moneycontrol Business News https://ift.tt/3yubbFg

Wives of Malvinder and Shivinder Singh cheated of crores of rupees by conmen: Report

The Singh brothers have been in Delhi#39;s Tihar jail since October 2019, when they were arrested for allegedly diverting funds worth Rs 2,397 crore from Religare Finvest and its parent company Religare Enterprises. from Moneycontrol Business News https://ift.tt/3ypkVAJ

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/3BtoAj7

IDFC First Bank aims retail loan book growth of 25% on long-term basis

Bank#39;s profits before provisioning are low currently because of the DFI (development financial institution) background with higher cost of legacy liabilities, and due to the set-up cost of a new bank, V Vaidyanathan, Managing Director and CEO, IDFC First Bank, said in bank#39;s Annual Report 2020-21. from Moneycontrol Business News https://ift.tt/3sV4lYi

Tata Steel to invest Rs 8,000 crore in capex on India operations during FY22: CEO T V Narendran

The amount will be spent mainly towards completion of the expansion of the Kalinganagar plant, and expansion of mining operations and recycling business, he told PTI replying to a question related to Tata Steel#39;s plans for India business in the financial year 2022. from Moneycontrol Business News https://ift.tt/3kwNsQ5

In pics | M-cap of eight of top-10 most valued firms jumps over Rs 1.90 lakh crore; TCS, RIL lead gainers

On the top ten chart, among the gainers were Reliance Industries (RIL), Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd (HUL), ICICI Bank, Bajaj Finance, State Bank of India (SBI) and Wipro. On the other hand, Infosys and HDFC were the two laggards. from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-pics-|-m-capeighttop-10-most-valued-firms-jumps-over-rs-190-lakh-crore-tcs-ril-lead-gainers_15493001.html

FPIs net buyers in August, invest Rs 986 crore in equities

According to data from depositories, FPIs bought equities worth Rs 986 crore and invested Rs 13,494 crore in the debt segment between August 2-27. from Moneycontrol Business News https://ift.tt/3BjQ5ve

Franklin Templeton MF unitholders to get Rs 2,918 crore in sixth tranche

After the payout, the total disbursement will reach Rs 23,999 crore, amounting to 95.18 per cent of assets under management (AUM) as on April 23, 2020, when the fund house announced to shut the schemes, a Franklin Templeton MF spokesperson said on Sunday. from Moneycontrol Business News https://ift.tt/2Y2GWJ7