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Showing posts from November, 2021

Escorts reports 30% dip in November tractor sales at 7,116 units

The company had sold 10,165 units in the same month last year, Escorts said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3pjshTZ

Power consumption rises 3.6$ to 100.42 BU in November

The country’s power consumption had grown by 3.9 per cent in October this year to 113.40 BU compared to 109.17 BU in the same month last year. from Moneycontrol Business News https://ift.tt/31i31oy

Power consumption rises 3.6$ to 100.42 BU in November

The country’s power consumption had grown by 3.9 per cent in October this year to 113.40 BU compared to 109.17 BU in the same month last year. from Moneycontrol Business News https://ift.tt/31hMktq

Toyota Kirloskar posts 53% increase in November wholesales at 13,003 units

The company had sold 8,508 units in the domestic market in November 2020. from Moneycontrol Business News https://ift.tt/31gY3sv

Paytm expects revenue, monetisation methods to expand in next few quarters: CEO

Paytm Chairman and CEO Vijay Shekhar Sharma during an earnings call with analysts in the US said the company is seeing scale in system deployment and non-UPI revenue, where merchant gives revenue charges, MDR (merchants discount rate) for payments and credit led financial service, and provides the company with the next level of monetisation. from Moneycontrol Business News https://ift.tt/3EdPflt

MG Motor India sales decline 40% to 2,482 units in November

The company had clocked retail sales of 4,163 units in the same month last year. from Moneycontrol Business News https://ift.tt/3IblbJV

MG Motor India sales decline 40% to 2,482 units in November

The company had clocked retail sales of 4,163 units in the same month last year. from Moneycontrol Business News https://ift.tt/3rlNFKU

Serum Institute delivers first Novavax shot through COVAX

The world#39;s biggest vaccine maker exported 137,500 doses of Covovax, as it calls the shot, to the Southeast Asian country last week. from Moneycontrol Business News https://ift.tt/3D78Rq9

Satya Nadella sells 50% of his stake in Microsoft ahead of capital gains tax law regime

Microsoft in a statement said that CEO Satya Nadella sold his stake for personal financial planning and diversification reasons, from Moneycontrol Business News https://ift.tt/3d4c3IH

Deep Value Series: Control Print -- Why look at this quality mid-cap?

Given the promising medium- to long-term outlook of Control Print, the valuation is extremely undemanding from Moneycontrol Business News https://ift.tt/3rmXat8

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/32PcJQf

Petrol, diesel prices on December 1: Fuel rates remain unchanged for 27 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels. from Moneycontrol Business News https://ift.tt/3G0ld5l

Petrol, diesel prices on December 1: Fuel rates remain unchanged for 27 days in row

So far, 27 states and union territories have cut VAT on petrol and diesel prices to give further reprieve to consumers battered by record-high retail rates of the two fuels. from Moneycontrol Business News https://ift.tt/3G6iQ11

NMDC slashes lump ore prices by Rs 750 per tonne, fines by Rs 200 per tonne

In a regulatory filing, the company said it has revised the rates of lump ore or higher grade ore to Rs 5,200 a tonne. from Moneycontrol Business News https://ift.tt/3pesMP5

Supply chain constraints to dent Maruti Suzuki production levels in December

Due to supply constraints, the company is expecting an adverse impact on vehicle production in December 2021 in both Haryana and Gujarat (Suzuki Motor Gujarat Pvt Ltd), owing to a supply constraint of electronic components impacted by shortage of semiconductor devices, Maruti Suzuki India said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3Eb1Yp0

SP keeps India#39;s GDP growth forecast unchanged at 9.5% in FY22

The Indian economy had shrunk by 7.3 per cent in 2020-21 fiscal (April 2020 to March 2021) as pandemic induced restrictions battered business activity. from Moneycontrol Business News https://ift.tt/3FX3qfp

Bharat Biotech studying if Covaxin shot will work on Omicron

"Covaxin was developed against the original Wuhan variant," a Bharat Biotech spokesperson told Reuters in a text message, referring to the Chinese city where the virus first emerged. from Moneycontrol Business News https://ift.tt/3FUwGTU

TRAI releases consultation paper to discuss pricing, modalities for auction of 5G spectrum

The Telecom Department has asked TRAI to provide recommendations on issues such as applicable reserve price, band plan, block size, quantum of spectrum to be auctioned and associated conditions for auction of spectrum in 526-698 MHz, 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3670 MHz and 24.25-28.5 GHz bands, the regulator said in a statement. from Moneycontrol Business News https://ift.tt/3lmmZWp

Edelweiss Financial Services#39; board approves fundraising up to Rs 1,000 crore via NCDs

A meeting of the debenture fundraising committee of the company’s board of directors held on Monday (November 29) considered and approved the public issue of secured, redeemable non-convertible debentures (NCDs), the company said in a filing on Tuesday. from Moneycontrol Business News https://ift.tt/3FZtvdD

Maruti Suzuki hikes prices of Eeco van by Rs 8,000

The increase in price is effective from November 30, 2021, the company said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3D75wrc

UK regulator orders Facebook to sell Giphy

The Competition and Markets Authority#39;s decision comes after consultation with interested businesses and organisations, and study of potential solutions from Facebook itself. from Moneycontrol Business News https://ift.tt/3pc2I7g

Govt#39;s excise mop-up from petrol, diesel doubles to Rs 3.7 lakh crore in FY21; states get Rs 20,000 crore

Minister of State for Finance Pankaj Chaudhary in a written reply to a question stated that collection from levy of central excise duty on petrol and diesel increased from Rs 1.78 lakh crore in 2019-20 to Rs 3.72 lakh crore in 2020-21 (April 2020 to March 2021). from Moneycontrol Business News https://ift.tt/3E86lRX

Fitch affirms ICICI Bank rating with negative outlook

The negative outlook comes despite the agency recently revising upwards the operating environment outlook of domestic banks to stable from negative, citing better than expected recovery in business and economic activity following the COVID-19 second wave. from Moneycontrol Business News https://ift.tt/31dzkoK

Grow up Visa, compete and not complain

Visa might be a global giant, but it will have to think local to survive and prosper in India from Moneycontrol Business News https://ift.tt/315Wr5b

Zero transaction fee at the heart of Visa’s complaint about RuPay

Incumbent card networks face pressure from alternative real-time payment systems in many countries from Moneycontrol Business News https://www.moneycontrol.com/news/business/zero-transaction-fee-atheartvisa’s-complaint-about-rupay_15820221.html

Adda247 raises around $20 million in funding round led by WestBridge Capital

The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. from Moneycontrol Business News https://ift.tt/3xzOsJ6

Adda247 raises around $20 million in funding round led by WestBridge Capital

The Series B funding round also saw participation from existing investors, including Info Edge, Asha Impact and JM Financials, the company said in a statement. from Moneycontrol Business News https://ift.tt/3rlkIyx

Lupin launches educational website Sciflix for medical students

Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one roof, the company said in a regulatory filing. from Moneycontrol Business News https://ift.tt/32yAifV

Lupin launches educational website Sciflix for medical students

Sciflix is a comprehensive learning platform in pulmonology where all scientific needs of postgraduate students will be addressed by a multisource library under one roof, the company said in a regulatory filing. from Moneycontrol Business News https://ift.tt/32AH056

Cryptocurrency | Virtual currencies are here to stay. Astute regulation is what is required

The introduction of the cryptocurrency Bill is only the first step. As technology evolves, the law will catch up. It is also hoped that the contours of the law will encourage innovation, and use of technology to expand financial markets from Moneycontrol Business News https://www.moneycontrol.com/news/business/cryptocurrency-|-virtual-currencieshere-to-stay-astute-regulation-isis-required_15819521.html

Crypto Conversations: How blockchain helps fight cybercriminals 

Compliance as a Service (CaaS) providers are leveraging the power of blockchain technology to create an ecosystem that delivers top compliance, regulatory, and transaction monitoring, all under one roof from Moneycontrol Business News https://www.moneycontrol.com/news/business/crypto-conversations-how-blockchain-helps-fight-cybercriminals _15819261.html

Auto component stocks shiver on fears of Omicron virus impact

The stocks had run up by 70-80 per cent over a year. Hence, a drop in stock prices would make the risk-reward equation for investors more favourable from Moneycontrol Business News https://www.moneycontrol.com/news/business/auto-component stocks-shiverfearsomicron-virus-impact_15818761.html

Auto component stocks shiver on fears of Omicron virus impact

The stocks had run up by 70-80 per cent over a year. Hence, a drop in stock prices would make the risk-reward equation for investors more favourable from Moneycontrol Business News https://www.moneycontrol.com/news/business/auto-component stocks-shiverfearsomicron-virus-impact_15818741.html

Zerodha#39;s Nikhil Kamath says #39;Twitter missed US tech rally#39; after Jack Dorsey steps down

Twitter said Jack Dorsey will be succeeded by Chief Technology Officer Parag Agrawal. from Moneycontrol Business News https://ift.tt/3I1DmBA

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/3rACD4L

Petrol, Diesel Prices Today: No change in fuel rates for 26th straight day

The petrol and diesel prices remained unchanged in Kolkata at Rs 104.67 per litre and Rs 89.79 per litre, respectively. from Moneycontrol Business News https://ift.tt/3xyZgHD

Jute Commissioner rejects IJMA#39;s proposal to revise fair price of raw jute

The jute mills lobby body had submitted their suggestion to the Jute Commissioner, the regulator, to revise the fair price of raw jute to Rs 7,200 from Rs 6,500, after an emergency meeting pursuant to a high level meeting in the state secretariat in presence of the West Bengal Chief Secretary. from Moneycontrol Business News https://ift.tt/3196ANU

Asian Paints to invest Rs 960 crore to expand Gujarat unit

The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT, Asian Paints said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3D4IAJ7

Asian Paints to invest Rs 960 crore to expand Gujarat unit

The company has signed a memorandum of understanding with the Government of Gujarat commencing the proposed expansion of manufacturing capacity of paint from 1.3 lakh KL to 2.5 lakh KL and resins and emulsions from 32,000 MT to 85,000 MT, Asian Paints said in a regulatory filing. from Moneycontrol Business News https://ift.tt/3D6aKDs

Air travel in India is on the cusp of normalcy; will Omicron change that?

While November will see a new peak in passenger numbers and flights deployed within India, new Covid variant Omicron may throw up some challenges and hinder plans to recommence international flights from December from Moneycontrol Business News https://ift.tt/3o22G2h

Singapore crypto bourse enters India despite pending curbs

Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai, which will act as its base for future expansion, its management said. from Moneycontrol Business News https://ift.tt/3FWtcQY

Singapore crypto bourse enters India despite pending curbs

Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai, which will act as its base for future expansion, its management said. from Moneycontrol Business News https://ift.tt/3FYCH2a

MC Insider: Market buzz, investment rethink, microfinance wars, salary boom 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/3D5wJKK

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service. from Moneycontrol Business News https://ift.tt/2ZyhP1X

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service. from Moneycontrol Business News https://ift.tt/3FS7pty

Visa complains to US govt about India backing for local rival RuPay

In public Visa has downplayed concerns about the rise of RuPay, which has been supported by public lobbying from Prime Minister Narendra Modi that has included likening the use of local cards to national service. from Moneycontrol Business News https://ift.tt/3xvNk9B

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/314dlRE

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/3nZrckE

M-cap of nine out of the top 10 most valued firms eroded by Rs 2.62 lakh crore

The market valuation of nine of the top-10 most valued companies eroded by Rs 2,62,146.32 crore last week in tandem with an overall weak broader market. While Bajaj Finance and Reliance Industries took the biggest hit, Bharti Airtel was the only gainer from the top-10 companies’ list. from Moneycontrol Business News https://ift.tt/3lh03YK

In Pics | M-cap of nine out of the top 10 most valued firms eroded by Rs 2.62 lakh crore

The market valuation of nine of the top-10 most valued companies eroded by Rs 2,62,146.32 crore last week in tandem with an overall weak broader market. While Bajaj Finance and Reliance Industries took the biggest hit, Bharti Airtel was the only gainer from the top-10 companies’ list. from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-pics-|-m-capnine-outthe-top-10-most-valued-firms-eroded-by-rs-262-lakh-crore_15814681.html