Skip to main content

Posts

Showing posts from August, 2022

MG Motor retail sales dip 11% in August on supply chain woes

The company retailed 3,823 units last month as compared to 4,315 units in August 2021. from Moneycontrol Business News https://ift.tt/Ofs0lxK

Ashok Leyland tests 4-year high on mega 1,400 school bus order in UAE

The total fleet deal worth AED 276 Million (USD 75.15 million) for the GCC-made buses has been bagged by Chennai-based Ashok Leyland#39;s UAE distribution partners, Swaidan Trading - Al Naboodah Group. from Moneycontrol Business News https://ift.tt/CZWGcLb

Meta takes action against 2.7 crore posts on Facebook, Instagram in India

The company took action against 2.5 crore posts on Facebook and 20 lakh posts on Instagram to comply with Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021. from Moneycontrol Business News https://ift.tt/HLkbYBw

KP Energy to develop wind energy projects worth Rs 222 crore for Aditya Birla Group

"The total value of the projects to be developed by KP Energy for Aditya Birla Group is Rs 2,220 Million (Rs 222 crore), with the scheduled commissioning in March 2023," a BSE filing said on Wednesday. from Moneycontrol Business News https://ift.tt/7zNcDGd

Inox Leisure to add 834 screens after FY23

The company, which was operating 692 screens in 73 cities across India as on June 30, 2022, estimates the total screen count to go up to 752 by the end of ongoing fiscal year. from Moneycontrol Business News https://ift.tt/iO5yB3J

NTPC gets shareholders#39; nod to raise up to Rs 12,000 crore via bonds

The resolution was passed with requisite majority in the annual general meeting held on Tuesday. from Moneycontrol Business News https://ift.tt/S5Kd6lf

Narayana Health looks at tech to make healthcare affordable for all: Vice chairperson Viren Prasad Viren Prasad Shetty

The Bengaluru-headquartered chain, founded by noted cardiac surgeon Dr Devi Shetty in 2000, has a razor-sharp focus on making healthcare affordable through the use of technology and removing inefficiencies in the system, Shetty told PTI in an interview. from Moneycontrol Business News https://ift.tt/iWEhxZv

NHPC to sell power to PTC India from upcoming Nepal projects

The MoU was signed by NHPC CMD A.K. Singh and Dr. Rajib K. Mishra, CMD, PTC India Limited. from Moneycontrol Business News https://ift.tt/o6NFdT2

Tata Steel to invest over 65 million euros for hydrogen-based steel manufacturing in Netherlands

Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden. from Moneycontrol Business News https://ift.tt/6OaekPf

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India, FLFL said in a regulatory filing on Monday. from Moneycontrol Business News https://ift.tt/pqcyvUh

As Warren Buffet turns 92, some inspirational quotes from Oracle of Omaha

Warren Buffett, one of the most successful investors in history, turned 92 this year on August 30. According to Forbes, the chairman and CEO of Berkshire Hathaway is the fifth richest person in the world, with an estimated net worth of $100.2 billion as of today. from Moneycontrol Business News https://ift.tt/4oLZCJT

IntrCity SmartBus to raise $20-30 million by this year-end

Kapil Raizada said the company plans to enhance capacity on the existing routes besides expanding its services on some new routes in the next 12-18 months. from Moneycontrol Business News https://ift.tt/HS2iB0F

Govt may invite financial bids for Shipping Corporation sale in March quarter

"The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months#39; time, after which financial bids will be invited," the official told PTI. from Moneycontrol Business News https://ift.tt/zF2PVhX

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/K9N8ATa

PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh

Deepak Parekh, the chairman of the largest pure-play mortgage finance company HDFC, said Modi needs to be at the helm for two more terms to "change the face of the country". from Moneycontrol Business News https://ift.tt/gc9PmCK

Succession, spinoffs in focus in billionaire Mukesh Ambani’s big speech

This year, investors in the Indian billionaire’s Reliance Industries Ltd. will be looking for insight around the conglomerate’s 5G rollout, how Ambani plans to unlock the value of his telecommunications and retail units through separate listings, and when and how his children will take over the reins. from Moneycontrol Business News https://www.moneycontrol.com/news/business/succession-spinoffsfocusbillionaire-mukesh-ambani’s-big-speech_16606021.html

MC Insider: Stock market operators hurting, mis-selling lender under scrutiny, what the regulator told an MF CEO, and more

NULL from Moneycontrol Business News https://ift.tt/T329ayb

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/HTF7GyX

Japan#39;s Suzuki drives deeper into India with global RD unit

The new company, a wholly owned unit of Suzuki Japan, will strengthen the carmaker#39;s RD competitiveness and capabilities in India and other global markets, Toshihiro Suzuki told an event in Gandhinagar, the capital of western Gujarat state. from Moneycontrol Business News https://ift.tt/m5qnc4v

Japan#39;s Suzuki drives deeper into India with global RD unit

The new company, a wholly owned unit of Suzuki Japan, will strengthen the carmaker#39;s RD competitiveness and capabilities in India and other global markets, Toshihiro Suzuki told an event in Gandhinagar, the capital of western Gujarat state. from Moneycontrol Business News https://ift.tt/fnmWTil

Max Life Insurance enters pension fund management business; its arm secures licence from PFRDA

Max Life Pension Fund Management Limited, a subsidiary of the life insurance firm, will manage the pension assets with investment choices under the National Pension Scheme. from Moneycontrol Business News https://ift.tt/qRl4xBh

Gensol Engineering bags orders worth Rs 153 crore to build 58.8 MW solar projects

In a regulatory filing the company said, it has received purchase orders from clients for the development of solar power projects aggregating to a capacity of around 58.8 MW in Jammu and Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu and Telangana. from Moneycontrol Business News https://ift.tt/gzUHJ0w

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/5YcIDtR

Debt ratio at billionaire Adani’s green firm needs ‘watching’

The Gautam Adani owned company’s debt-to-capital ratio has soared to 95.3%, a level that is on the “higher side” for a private company, according to Sharon Chen, an analyst at Bloomberg Intelligence. The company’s capital expenditure plans and its funding are other factors that need a close watch, Chen added. from Moneycontrol Business News https://www.moneycontrol.com/news/business/debt-ratio-at-billionaire-adani’s-green-firm-needs-‘watching’_16603831.html

Diageo halts some whiskey sales in India to force price hikes

United Spirits Ltd. has halted whiskey sales in a number of states yet to budge on price caps despite rising inflation. from Moneycontrol Business News https://ift.tt/ZbxSqQe

Lupin inks licensing pact with Japan-based I#39;rom Group

Under the terms of the agreement, I#39;rom along with the Mumbai-based drugmaker will conduct clinical trials, register, distribute and market biosimilar Denosumab in Japan on an exclusive basis. from Moneycontrol Business News https://ift.tt/470sIfF

CBI files charge sheet in Biocon case against five persons

The agency in its charge sheet filed on August 18 has alleged that the bribe payment was being paid to Joint Drug Controller S Eswara Reddy after clearance from associate vice president of Biocon Biologics L Praveen Kumar, they said. from Moneycontrol Business News https://ift.tt/0uYfe32

Delhi property tax: दिल्ली के लोगों को लग सकता है जोर का झटका, प्रॉपर्टी टैक्स में भारी बढ़ोतरी की तैयारी में MCD

महंगाई के इस दौर में दिल्ली के लोगों के लिए अच्छी खबर नहीं है। दिल्ली नगर निगम (MCD) प्रॉपर्टी टैक्स (property tax) में भारी इजाफा करने की तैयारी में है। पांचवीं म्युनिसिपल वैल्यूएशन कमेटी (MVC) ने प्रॉपर्टी की सालाना वैल्यू कैल्कुलेट करने के लिए इस्तेमाल किए जाने वाले छह फैक्टर्स में बढ़ोतरी की सिफारिश की है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/W35YLu7

After selling tickets worth Rs 300 crore in 10 days, EaseMyTrip says #39;pent-up demand yet to kick in#39;

"We actually recently concluded our annual sale... We did the sales from August 1 till August 10. And in just those 10 days, we were able to do total business of Rs 300 crore. So the overall sale went extremely well and was extremely well received by the customers," said Prashant Pitti, Co-founder, EasyMyTrip, in an interview with CNBC-TV18. from Moneycontrol Business News https://ift.tt/L9C4fQ1

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/uc0gOKj

Rupert Murdoch#39;s son sues Australian website for defamation

A day after chairman of Private Media, the publisher of Crikey, Eric Beecher, and managing editor Peter Fray signed their names to an ad in The New York Times inviting Lachlan Murdoch to sue, media tycoon Rupert Murdoch#39;s son filed a statement of claim in Federal Court on Tuesday. from Moneycontrol Business News https://ift.tt/5EcCtYf

To fight election falsehoods, social media companies ready a familiar playbook

As the US marches toward another election season, social media companies such as Facebook and TikTok are steeling themselves for a deluge of political misinformation from Moneycontrol Business News https://ift.tt/aL3QVlH

To fight election falsehoods, social media companies ready a familiar playbook

As the US marches toward another election season, social media companies such as Facebook and TikTok are steeling themselves for a deluge of political misinformation from Moneycontrol Business News https://ift.tt/OZaYArF

15 companies express interest to acquire Smaaash Entertainment

Prominent among the parties that submitted EoIs are Nazara Tech, Adlabs Entertainment, Manikchand Group, FZE, Tech Connect Services, Capri Global, Jindal Enterprises and iLabs India from Moneycontrol Business News https://ift.tt/up1CEGx

MC Insider: Long live RJ’s investments, airline stake sale, banking blues, big boss is back and more

NULL from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-long-live-rj’s-investments-airline-stake-sale-banking-blues-big-boss-is-backmore_16600891.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/lGPNjYp

Indian electric vehicle market to hit annual sales of 17 million units by 2030: Report

This projected growth is expected to be driven by factors such as rising fuel prices, entry of new players, advancement in EV technology, continued subsidy support from both the central and state governments as well as anticipated implementation of emission standards, India Energy Storage Alliance (IESA) said in its report. from Moneycontrol Business News https://ift.tt/vdl87Vo

Audi to hike prices by up to 2.4% next month

The price hike is a result of rising input and supply chain costs and will come into effect from September 20, 2022, the automaker said in a statement. from Moneycontrol Business News https://ift.tt/CoW7eGu

Anti-competitive practices: Apple, Google, Netflix, Amazon India executives to depose before Parliamentary panel

The Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace, especially concerning technology majors. from Moneycontrol Business News https://ift.tt/Lh5zb0M

Apple set to make iPhone 14 in India

The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone from the typical six to nine months for previous launches, according to people familiar with the matter. from Moneycontrol Business News https://ift.tt/UrL8NDe

A quality mid-cap to own for the long run

Given the promising outlook for Control Print, the valuation is quite attractive from Moneycontrol Business News https://ift.tt/vbjQ0tB

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/adUpLZ5

Facebook co-founder’s firm to back Indian sexual health startup

Existing investors including Sequoia India, Chiratae Ventures and Better Capital are considering participating in the round, which could be announced as soon as Tuesday, the people said. from Moneycontrol Business News https://www.moneycontrol.com/news/business/facebook-co-founder’s-firm-to-back-indian-sexual-health-startup_16599091.html

EVolve 2022: Industry needs to focus on steps to make reliable products, says Ather’s Nilay Chandra

In an exclusive interaction with Storyboard18, Nilay Chandra, VP-Scooter Business at Ather Energy, talks about its evolving marketing strategy, decoding the EV customer and solving the negative perception associated with the EV category. from Moneycontrol Business News https://www.moneycontrol.com/news/business/evolve-2022-industry-needs-to-focussteps-to-make-reliable-products-says-ather’s-nilay-chandra_16597961.html

MC Insider: Stock exchange top job, commodity bourse’s IT troubles, meat dilemma for retail chain, deal cloud and more

NULL from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-stock-exchange-top-job-commodity-bourse’s-it-troubles-meat-dilemma-for-retail-chain-deal-cloudmore_16597621.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/VY50ZDF

Taiwan beefs up semiconductor defences as China war games continue

As a furious China continues military drills off the island, Taiwan, which leads the world in making semiconductors, is making moves to insulate its chip industry from Chinese influence from Moneycontrol Business News https://ift.tt/tarYBJu

Samsung, Alphabet, BlackRock among 40 top firms investing in blockchain and crypto

The investee companies are spread over 20 sectors, and offer more than 65 use cases. from Moneycontrol Business News https://ift.tt/GCtdVz0

What is attracting young Chartered Accountants to the Real Estate Regulatory Act, 2016?

Compliance and arguments are two lucrative areas of work for young CAs. from Moneycontrol Business News https://ift.tt/c1DH4xj

Sunstone raises $35 million from WestBridge Capital, others

Founded by Ashish Munjal and Piyush Nangru in 2019, Sunstone had raised USD 28 million in Series B in October 2021. Munjal said that the fresh capital will be used to expand into new programmes with a key focus on undergraduate technology programmes. from Moneycontrol Business News https://ift.tt/X7n9fRJ

CEAT aims to make deeper inroads into small towns, eyes 1 lakh outlets in 2-3 years: COO Arnab Banerjee

The company, which has successfully partnered with kirana store operators, small automobile spare parts sellers and puncture repair shops, feels that it has more or less "saturated" penetration in places with 25,000 population in the country and there is a need to go to even lesser populated areas for its two-wheeler tyres. from Moneycontrol Business News https://ift.tt/hBY1dmi