Skip to main content

Posts

Showing posts from September, 2021

Nissan reports over three-fold increase in domestic sales in September

The company said its exports last month stood at 5,900 units, compared with 211 units in September 2020. from Moneycontrol Business News https://ift.tt/2XZeY0V

Oyo files draft papers for $1.2 billion public offering

The company which was last valued at $9 billion is targeting a valuation of around $12-14 billion through this IPO. from Moneycontrol Business News https://ift.tt/3AYaXIE

Grand Challenge will have total subsidy of Rs 1,800 crore for 3,472 electric buses

The subsidy for the scheme will be based on operating expenditure, unlike the earlier capex-based programmes. The scheme falls under the remodeled Faster Adoption and Manufacturing of Hybrid and Electric vehicle 2 (FAME) scheme. from Moneycontrol Business News https://ift.tt/3zZhtNS

Grand Challenge will have total subsidy of Rs 1,800 crore for 3,472 buses 

The subsidy for the scheme will be based on operating expenditure, unlike the earlier capex-based programmes. The scheme falls under the remodeled Faster Adoption and Manufacturing of Hybrid and Electric vehicle 2 (FAME) scheme. from Moneycontrol Business News https://www.moneycontrol.com/news/business/grand-challenge-will-have-total-subsidyrs-1800-crore-for-3472-buses _15583901.html

Here’s why Air India’s new owner will have its work cut out

Dealing with the flag carrier’s massive headcount, employee unions, festering Air-India-Indian Airlines integration issues and the huge outgo to upgrade aircraft are just some of the challenges awaiting the new owner  from Moneycontrol Business News https://www.moneycontrol.com/news/business/here’sair-india’s-new-owner-will-have-its-work-cut-out_15583881.html

DoT asks Vi, Airtel to pay Rs 3,050 crore in 3 weeks: Report

Vi has to pay Rs 2,000 crore and Airtel Rs 1,050 crore. Notably, Vi’s bigger fine comes from its 2018 merger with Idea Cellular, which was fined Rs 950 crore. from Moneycontrol Business News https://ift.tt/3kX95KH

DoT asks Vi, Airtel to pay Rs 3,050 crore in 3 weeks: Report

Vi has to pay Rs 2,000 crore and Airtel Rs 1,050 crore. Notably, Vi’s bigger fine comes from its 2018 merger with Idea Cellular, which was fined Rs 950 crore. from Moneycontrol Business News https://ift.tt/2ZQWalD

Petrol, diesel prices on October 1: Fuel prices at record high after another hike

Petrol, diesel prices today: The price of petrol was hiked to Rs 101.89 a litre in Delhi and to Rs 107.95 per litre in Mumbai. from Moneycontrol Business News https://ift.tt/3kUfcQ2

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/3mdxD1B

Scarlett Johansson, Disney settle #39;Black Widow#39; pay suit

Scarlett Johansson, one of Hollywood#39;s biggest and top-paid stars, was entitled to a percentage of box office receipts from the much-anticipated Marvel film, according to the suit filed in Los Angeles in July. from Moneycontrol Business News https://ift.tt/2ZLMx7E

Scarlett Johansson, Disney settle #39;Black Widow#39; pay suit

Scarlett Johansson, one of Hollywood#39;s biggest and top-paid stars, was entitled to a percentage of box office receipts from the much-anticipated Marvel film, according to the suit filed in Los Angeles in July. from Moneycontrol Business News https://ift.tt/3uqHMeS

HDFC Bank raises Rs 739 crore via masala bond

The private sector lender will use the proceeds from the issue for banking activities. from Moneycontrol Business News https://ift.tt/3omeYTZ

Maruti Suzuki launches virtual car assistant S-Assist#39; for Nexa customers

Available at free of cost to customers of the company#39;s cars sold through its premium outlet NEXA chain, the S-Assist provides multi-media content like do-it-yourself videos, digital literature, and workshop assistance on smartphones. from Moneycontrol Business News https://ift.tt/3uoCj8x

Maruti Suzuki launches virtual car assistant S-Assist#39; for Nexa customers

Available at free of cost to customers of the company#39;s cars sold through its premium outlet NEXA chain, the S-Assist provides multi-media content like do-it-yourself videos, digital literature, and workshop assistance on smartphones. from Moneycontrol Business News https://ift.tt/39OW1kn

Silver price breaches Rs 58,500/kg as dollar slips; support seen at Rs 57,000 level

Technically if LBMA Silver continues below $22.00 level the markets could continue its downside momentum up to $21.20-$20.50 levels, while resistance is at $21.80-$22.10 levels, said Iyer. from Moneycontrol Business News https://ift.tt/3mbAHLv

MG Motor to nearly double factory capacity; lines up Astor SUV and new EV

The expansion of the Halol plant’s capacity will, however, depend on the availability of semiconductors. The chip shortage has hit the entire industry’s production and MG Motor has a wait time of 3-4 months for its models from Moneycontrol Business News https://ift.tt/3A6GbMJ

MG Motor to nearly double factory capacity; lines up Astor SUV and new EV

The expansion of the Halol plant’s capacity will, however, depend on the availability of semiconductors. The chip shortage has hit the entire industry’s production and MG Motor has a wait time of 3-4 months for its models from Moneycontrol Business News https://ift.tt/3CVPPDu

MG Motor to nearly double factory capacity; lines up Astor SUV and new EV

The expansion of the Halol plant’s capacity will, however, depend on the availability of semiconductors. The chip shortage has hit the entire industry’s production and MG Motor has a wait time of 3-4 months for its models from Moneycontrol Business News https://ift.tt/2WrPxEX

CRISIL elevates Amish Mehta as MD CEO; to take charge from October 1

Amish Mehta has more than two decades of leadership experience across industries and joined CRISIL in October 2014 as President and Chief Financial Officer. from Moneycontrol Business News https://ift.tt/2Y5AQIA

Mukesh Ambani richest Indian 10th year in a row

As per the Hurun India Rich List, Mukesh Ambani has wealth of Rs 7,18,000 crore. from Moneycontrol Business News https://ift.tt/2Y2cvCM

Silver Point, partner Acre declared highest bidder for IVRCL Chengapalli Tollways loans

The partners offered Rs 624 crore for loans of Rs 804 crore. In addition, the successful bidder must pay Rs 315 crore in deferred premium to the National Highways Authority of India from Moneycontrol Business News https://ift.tt/3maA6K0

Monitoring situation at Zee, policyholders#39; interest paramount: LIC

LIC, which owns 4.89 percent stake in Zee Enterprises, also said that it would continue to monitor the proceedings in NCLT. from Moneycontrol Business News https://ift.tt/3oh3Bwx

Monitoring situation at Zee, policyholders#39; interest paramount: LIC

LIC, which owns 4.89 percent stake in Zee Enterprises, also said that it would continue to monitor the proceedings in NCLT. from Moneycontrol Business News https://ift.tt/3unFWLU

Monitoring situation at Zee, policyholders#39; interest paramount: LIC

LIC, which owns 4.89 percent stake in Zee Enterprises, also said that it would continue to monitor the proceedings in NCLT. from Moneycontrol Business News https://ift.tt/3kReyma

Glenmark gets marketing approval for Ryaltris in 13 EU, UK countries

The company is set to launch Ryaltris directly in the markets of Czech Republic, Slovakia, Poland, and the UK, Glenmark Pharmaceuticals said in a statement. from Moneycontrol Business News https://ift.tt/3kPnbxD

India is becoming one of the most important markets at Instagram: Adam Mosseri

Facebook has announced the next phase of its creator education programme in India that will provide creators an opportunity to learn, earn and grow their communities. from Moneycontrol Business News https://ift.tt/3upQCtc

IT market leaders help disrupt industries, but highly resilient themselves  

Low debt and exposure to other industries allow big tech companies to sense changes in the environment much faster than others  from Moneycontrol Business News https://www.moneycontrol.com/news/business/it-market-leaders-help-disrupt-industrieshighly-resilient-themselves- _15580821.html

Meesho raises $570 million from Fidelity, B Capital, others at $4.9 billion valuation

Meesho#39;s valuation of $4.9 billion makes it one of India#39;s highest valued startups, succeeded by barely half a dozen other internet startups from Moneycontrol Business News https://ift.tt/39NFPj8

India ready to expand economic partnership with US: Piyush Goyal

While the bilateral trade in goods and services has seen significant growth in the last 10 years, "I do believe that the potential has not even been started," Piyush Goyal added. from Moneycontrol Business News https://ift.tt/3F3rhub

Wall Street closes up amid inflation concerns, debt ceiling debate

The SP 500 index and the Dow Jones Industrial Average advanced, but the Nasdaq Composite closed lower as Treasury yields halted their ascent. from Moneycontrol Business News https://ift.tt/2Y0MC6q

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/2Y6gUFs

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/3kVv70y

Assam govt to acquire Hindustan Paper assets, provide Rs 570 crore package to employees

The discussion between the government and the unions of the two paper mills continued for over four hours at the office of Chief Minister Himanta Biswa Sarma, following which the agreement was signed. from Moneycontrol Business News https://ift.tt/3ujEmum

Assam govt to acquire Hindustan Paper assets, provide Rs 570 crore package to employees

The discussion between the government and the unions of the two paper mills continued for over four hours at the office of Chief Minister Himanta Biswa Sarma, following which the agreement was signed. from Moneycontrol Business News https://ift.tt/3F1CkEc

Tata Motors launches Tiago NRG in Nepal

Positioned as "Urban Toughroader", the NRG comes with an aggressive front visage, muscular body with a higher ground clearance. from Moneycontrol Business News https://ift.tt/3m5PjvP

Andhra Cements debt resolution process to start anew on poor response from bidders

Fresh round to invite offers for loan facilities of the company instead of physical assets from Moneycontrol Business News https://ift.tt/3m1uEsI

MFine raises $48 million funding from Moore Strategic Ventures, BEENEXT and others

The series C round also saw participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y#39;#39;S Investment Pte Ltd and Alteria Capital, a statement said. from Moneycontrol Business News https://ift.tt/3zRpioT

MFine raises $48 million funding from Moore Strategic Ventures, BEENEXT and others

The series C round also saw participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y#39;#39;S Investment Pte Ltd and Alteria Capital, a statement said. from Moneycontrol Business News https://ift.tt/3m7K5zL

MFine raises $48 million funding from Moore Strategic Ventures, BEENEXT and others

The series C round also saw participation from existing investors, Stellaris Venture Partners, SBI Group Japan, SBI Ven Capital Singapore, Heritas Capital, Prime Venture Partners, Y#39;#39;S Investment Pte Ltd and Alteria Capital, a statement said. from Moneycontrol Business News https://ift.tt/3kNa7ZM

BPCL plans to build 1,000 EV charging stations

BPCL Chairman Arun Kumar Singh said the company is looking to tap new business opportunities and "hedge against displacement of auto fuels". from Moneycontrol Business News https://ift.tt/3AROihf

BPCL plans to build 1,000 EV charging stations

BPCL Chairman Arun Kumar Singh said the company is looking to tap new business opportunities and "hedge against displacement of auto fuels". from Moneycontrol Business News https://ift.tt/3AQXjHr

Global Innovation Index 2021 | India needs a big push in infrastructure

India’s rankings have improved but the catch-up process is at a slower rate compared to other economies. Thus, it is important to understand the hurdles and bottlenecks restricting the pace of India’s catch-up process from Moneycontrol Business News https://www.moneycontrol.com/news/business/global-innovation-index-2021-|-india-needsbig-pushinfrastructure_15577341.html

Explainer: What is Ayushman Bharat Digital Mission, what this means to patients and concerns

The digital health ID, which creates a health account, will ensure that old medical records are not lost, as every record will be stored digitally. Though the govt says no medical practitioner will be able to access a citizen’s health data without his consent, there are concerns. from Moneycontrol Business News https://ift.tt/3ukecI3

UBL may resort to debt for CCI#39;s Rs 752 crore penalty

The antitrust body on September 24 has imposed penalties of around Rs 900 crore on three beer-making companies including SABMiller India (makers of foster beer), United Breweries (makers of Kingfisher beer) and Carlsberg as well as their trade association All India Brewers’ Association (AIBA) for cartelisation. from Moneycontrol Business News https://ift.tt/2XTjiyK

China and Evergrande ascended together. Now one is about to fall

Beijing has signaled that it will no longer tolerate the strategy of borrowing to fuel business expansion that turned Xu and his company into a real estate powerhouse, pushing Evergrande to the precipice. from Moneycontrol Business News https://ift.tt/3oihKcS

Why Persistent can re-rate despite its stellar outperformance

Since Persistent is competing with some of the leading pure play digital names and matching them on growth, a long-term valuation catch-up with global peers is possible from Moneycontrol Business News https://ift.tt/2WkD8lZ

Exclusive | SoftBank in talks to back GlobalBees at $500m valuation

The Japanese tech investor is leading a $100 million round in GlobalBees. The latter had raised $150 million in ‘seed’ equity and debt funding in July from SoftBank, PremjiInvest, Chiratae Ventures, ChrysCapital and Lightspeed India from Moneycontrol Business News https://www.moneycontrol.com/news/business/exclusive-|-softbanktalks-to-back-globalbees-at-36500m-valuation_15576481.html

COVID-19 outbreak prompts Harvard Business School to move classes online

As of Sept. 22, 95% of students and 96% of employees at Harvard are fully vaccinated, according to data from the university. from Moneycontrol Business News https://ift.tt/3kPYotf

Myntra expects 5.5 million customers to shop during upcoming Big Fashion Festival

"Myntra is expecting about 5.5 million unique customers during its upcoming Big Fashion Festival, with about 1.8X increase in traffic over the previous edition. This edition of the mega fashion event is expected to see a massive uptick in demand, at 4X over BAU and 1.6X over the last festive season, with about 40 per cent contribution coming from tier II-III markets," a statement said. from Moneycontrol Business News https://ift.tt/3kQ0mtS

Myntra expects 5.5 million customers to shop during upcoming Big Fashion Festival

"Myntra is expecting about 5.5 million unique customers during its upcoming Big Fashion Festival, with about 1.8X increase in traffic over the previous edition. This edition of the mega fashion event is expected to see a massive uptick in demand, at 4X over BAU and 1.6X over the last festive season, with about 40 per cent contribution coming from tier II-III markets," a statement said. from Moneycontrol Business News https://ift.tt/3F1Nbhl