Skip to main content

Posts

Showing posts from November, 2022

MG Motor retail sales up 64% in November at 4,079 units

The automaker had sold 2,481 units in the same month last year. from Moneycontrol Business News https://ift.tt/f9Ze2Fl

DeHaat raises $60 million from investors including Temasek

In a statement, DeHaat said "it has raised USD 60 million in a new financing round." Sofina Ventures and Temasek co-led the Series E funding, with other existing investors RTP Global Partners, Prosus Ventures and Lightrock India also participating in the round. from Moneycontrol Business News https://www.moneycontrol.com/news/business/dehaat-raises 3660-millioninvestors-including-temasek_16760141.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/1bQX54u

Samsung India plans to hire 1,000 engineers from IITs, top institutes for RD units

The young engineers will join the company in 2023, and will work on new-age technologies at its RD institutes in Bengaluru, Noida, Delhi and at Samsung Semiconductor India Research in Bengaluru. from Moneycontrol Business News https://ift.tt/d9OEU2l

Uber adds rear seat belt reminder, SOS integration with local police

The ride-hailing app has launched new tech features in India to improve customer safety and security from Moneycontrol Business News https://ift.tt/ZpzWdJN

Vikram S Kirloskar, Vice Chairperson of Toyota Kirloskar Motor, passes away

Vikram Kirloskar dies of heart attack at the age of 64. His funeral will be at Hebbal Crematorium on November 30 from Moneycontrol Business News https://ift.tt/lF9aUn8

GIP said to mull deal for infrastructure firm tower Vision India

The private equity firm has been sounding out financing for a potential deal that could value Tower Vision India at about $300 million to $400 million, said the people, who asked not to be identified discussing private information. from Moneycontrol Business News https://ift.tt/Sz8LMGa

Hyundai Motor, SK On sign EV battery supply pact for North America

South Korea#39;s trade ministry said on Tuesday that Hyundai Motor was considering building EVs at its existing factories in the United States to qualify for U.S. federal EV tax credits. from Moneycontrol Business News https://ift.tt/gOF176v

Stock brokers#39; body seeks industry status for Sebi-registered market intermediaries

Association of National Exchanges Members of India (Anmi) believes there is a strong case for the complete abolition of Securities Transaction Tax (STT) and Commodities Transaction Tax (CTT). from Moneycontrol Business News https://ift.tt/BfDCUl1

Chinese unrest over lockdowns upends global economic outlook

Millions of China’s citizens have chafed under a tight lockdown for months and anger turned to widespread protests after an apartment fire killed 10 last week, leading to questions over whether the lockdown had prevented the victim’s escape from Moneycontrol Business News https://ift.tt/4Iti6Ys

Aditya Birla Group’s TMRW to invest Rs 500-600 crore in 10-12 D2C brands by year end

The house of brands venture aims to become a $1 billion business and has already invested around Rs 290 crore on eight brands. from Moneycontrol Business News https://www.moneycontrol.com/news/business/aditya-birla-group’s-tmrw-to-invest-rs-500-600-crore10-12-d2c-brands-by-year-end_16757251.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/wo3ZmrG

Aditya Birla Fashion Retail stock in focus after subsidiary TMRW announces new tie-ups

TMRW has partnered with eight new digital-first brands across various lifestyle and retail categories from Moneycontrol Business News https://ift.tt/PkHtf7d

Zydus Lifesciences gets USFDA nod for thyroid hormone deficiency drug

The company#39;s US-based unit has received tentative approval from the US Food and Drug Administration (USFDA) to market the medication, the drug firm said in a regulatory filing. from Moneycontrol Business News https://ift.tt/SjHety0

Dhruva Space looking to raise $20-25 million in 2 years for satellite infra facilities

Dhruva Space launched two amateur radio communication nanosatellites as part of ISRO#39;s PSLV C54 mission. The mission, named Thybolt Mission, witnessed the launch of the company#39;s nanosatellites, on 26 November. from Moneycontrol Business News https://ift.tt/YgVqIx1

MC Insider: Mutual fund talent fight, wedding season for Dalal Street vets, block deal rain, and more

NULL from Moneycontrol Business News https://ift.tt/CPAkv41

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/FKljt3q

Fuel Prices on November 27: Check petrol, diesel rates in Delhi, Mumbai and other cities

In Delhi, petrol and diesel cost Rs 96.72 per litre and Rs 89.62 per litre, respectively. In Mumbai, petrol is being sold for Rs 106.31 a litre and diesel for Rs 94.27 a litre from Moneycontrol Business News https://ift.tt/dUYTbOD

The Drive Report: 2022 Range Rover

The evolution of the world’s greatest off-roading luxury yacht appears to have reached its zenith. Again. from Moneycontrol Business News https://ift.tt/EH9TFoK

RBI rejects Paytm plea for payment aggregator licence

The central’s bank response also said that PPSL is required to take to re-submit its PA application with 120 calendar days, and outlined two steps to fulfil from Moneycontrol Business News https://ift.tt/1c8lZek

Toyota Innova Hycross unveiled in India; launch in January 2023

Toyota Innova Hycross had its global premiere last week in Indonesia. It is the first Innova model to ditch the diesel engine in favour of a petrol-hybrid powertrain. from Moneycontrol Business News https://ift.tt/qVtN5un

Collateralised fund obligations: How private equity securitised itself

Stakes in hundreds of buyout groups’ companies have been bundled into investments with strong credit ratings from Moneycontrol Business News https://ift.tt/x97Nod8

Asia’s richest man makes a $5 billion bet to silence debt-obsessed critics

An equity injection of this size is expected to help the conglomerate deleverage and Bloomberg Intelligence sees a successful equity raise across the group supporting the companies’ dollar bonds. from Moneycontrol Business News https://www.moneycontrol.com/news/business/asia’s-richest-man-makes365-billion-bet-to-silence-debt-obsessed-critics_16753941.html

USFDA designates Cipla#39;s Goa plant as #39;Official Action Indicated#39;

According to the US Food and Drug Administration (USFDA) definition, Official Action Indicated (OAI) means "objectionable conditions were found and regulatory administrative sanctions by FDA are indicated" during inspections. from Moneycontrol Business News https://ift.tt/vtgKF7b

EvolutionX Debt Capital commits $35-40 million investment in udaan

While both the companies did not disclose the corpus, sources aware of the development said that the commitment is in the range of USD 35-40 million (about Rs 286-326 crore). from Moneycontrol Business News https://ift.tt/pSbdXTH

India will stay ahead of the curve amid global economic slowdown: Stellantis CEO Carlos Tavares

The country is also the best placed "superpower" that can leverage the opportunity arising out of the tension between the Western world (US and Europe) and China, he said here in an interaction. from Moneycontrol Business News https://ift.tt/LRMc4gV

Akshaya Patra gala raises $2 million for mid-day meal scheme in India

The 2022 Gratitude Gala in Newark, organised by the Akshaya Patra Foundation USA#39;s Tri-state Volunteer Chapter, was attended by over 400 business, non-profit and philanthropic community leaders and professionals, it said in a statement. from Moneycontrol Business News https://ift.tt/ytvK64u

Bitcoin at $1 million? You must be joking, netizens troll Cathie Wood on her forecast

Cathie Wood#39;s forecast on Bitcoin prices was met with jeer from netizens, including Samir Arora of Helios Capital, as the crypto#39;s price hit a two-year low of $15,649. from Moneycontrol Business News https://ift.tt/iaxsOB4

New York state partially bans cryptocurrency mining powered by fossil fuels

The law imposes a two-year moratorium on coal plants that house proof-of-work cryptocurrency mining to “balance economic development and climate goals”. It does not affect companies that have already filed paperwork to operate in New York from Moneycontrol Business News https://ift.tt/74kmc5C

MC Insider: Match fixing, finance head becomes fall guy, back with a bang, deal strategy overhaul, and more

NULL from Moneycontrol Business News https://ift.tt/6xY0vza

Gautam Adani’s flagship firm weighs FPO to raise as much as $2.4 billion

Billionaire Gautam Adani’s conglomerate is working with advisers on the follow-on issue and could sell the shares as soon as next year, the people said, asking not to be identified as the information is private. The sale could even raise as much as $2.4 billion, one of the people said. from Moneycontrol Business News https://www.moneycontrol.com/news/business/gautam-adani’s-flagship-firm-weighs-fpo-to-raise-as-much-as-3624-billion_16748521.html

Tragedy-hit Mistry family has $29 billion fortune locked in a bitter feud

Through five generations and 157 years, the Mistrys have grown an empire responsible for building palaces, factories and stadiums across Asia. from Moneycontrol Business News https://ift.tt/7uV4ELP

As free trade deal with India squeaks through Aussie parliament, here#39;s all you need to know

Indian parliament is yet to pass the Australia-India Economic Cooperation and Trade Agreement that was signed in April this year from Moneycontrol Business News https://ift.tt/FcBYDWR

Yulu Bikes to spend funding on RD, to expand fleet, product lineup

Chief financial officer Anuj Tewari says raising funds from top financial institutions through the debt route marks a validation of the company#39;s business model from Moneycontrol Business News https://ift.tt/Cw2O8Ka

Most Indians tag fantasy sports as online gambling, 91% seek ban on SMS publicity: Survey

A survey by LocalCircles noted that platform operators term rummy poker, fantasy sports as game of skill but most Indian citizens believe they are a game of chance with financial risks involved. from Moneycontrol Business News https://ift.tt/6woHrKW

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/oa7QSBZ

Jubilant Foodworks to set up subsidiary in Nepal for Domino#39;s Pizza business

The subsidiary will be set up under Jubilant FoodWorks International Luxembourg. from Moneycontrol Business News https://ift.tt/vcFyIhY

Jet Airways plans to sell 11 aircraft as lenders grow frustrated with delay in resolution

A year-and-a-half after the NCLT approved Jet Airway’s resolution plan, the Jalan-Kalrock consortium has failed to pay up, forcing lenders to reevaluate their options, bankers say from Moneycontrol Business News https://ift.tt/o10HezR

Safari – What after the huge outperformance?

The consistent financial performance and strong sector tailwinds make Safari a very interesting bet for the long term from Moneycontrol Business News https://www.moneycontrol.com/news/business/safari-–-what-afterhuge-outperformance_16745041.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/WVoGN1w

Sovereign investors favour US, India as top 2022 investment markets: Study

Sovereign investors, which now manage some $33 trillion in assets, have also seen a rapid rise in allocations to private markets, though this development might start to slow with fixed income back in favour, the Invesco Global Sovereign Asset Management Study said. from Moneycontrol Business News https://ift.tt/C4Qs9xR

NMDC to spend Rs 900 crore to increase iron ore production from Kumaraswamy Mines

Lease for the Kumaraswamy mine was renewed by the Karnataka government in June 2022 by another 20 years, ending a period of uncertainty. from Moneycontrol Business News https://ift.tt/mX42EUh

After FTX, crypto exchanges struggle to convince customers they’re safe

In a bid to retain investors Crypto firms are disclosing their assets, however investors remain jittery after FTX#39;s crash. from Moneycontrol Business News https://www.moneycontrol.com/news/business/after-ftx-crypto-exchanges-struggle-to-convince-customers-they’re-safe_16743401.html

Asia-Pacific leaders condemn war, renew calls for open trade

In Bali, China and India, after months of refusing to condemn Russia#39;s war in Ukraine, did not block the release of a statement that harshly criticized Moscow. from Moneycontrol Business News https://ift.tt/3o7HghJ

Elizabeth Holmes gets more than 11 years for Theranos scam

Holmes#39; meteoric rise once landed her on the covers of business magazines that hailed her as the next Steve Jobs the disgraced Theranos CEO was sentenced to more than 11 years in prison for duping investors. from Moneycontrol Business News https://ift.tt/zpe3S8d

Strides Pharma arms gets USFDA approval for potassium-deficiency drug

The approval granted by the US Food Drug Administration (USFDA) to Strides Pharma Global Pte Ltd, Singapore, is for potassium chloride oral solution of strength 40 mEq/15mL (20 per cent), Strides Pharma Science (Strides) said in a regulatory filing. from Moneycontrol Business News https://ift.tt/VZLY8Pd

Why selling CONCOR as a single entity will hurt the industry

The CONCOR disinvestment should involve breaking it into at least two, and provide opportunities for more than one player to acquire stake in the company from Moneycontrol Business News https://ift.tt/Yn1JcaG

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/6UuxZ2H

Aditya Birla Fashion and Retail to open Galeries Lafayette stores in India

Their flagship stores in Mumbai and Delhi will have more than 200 luxury and designer brands under one roof, said a joint statement. from Moneycontrol Business News https://ift.tt/aMeqkRL

Maruti Suzuki joins hands with IIT Bombay

The auto major said it has inked a memorandum of understanding (MoU) with Society for Innovation Entrepreneurship (SINE), IIT Bombay to expand the reach of its innovation programs for startups. from Moneycontrol Business News https://ift.tt/go8f9iL