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Showing posts from April, 2023

Top cryptocurrency prices on May 1: Major cryptocurrencies trade in the red, bitcoin hovers around $25,000

The volume of all stablecoins is $30.06 billion, which is 91.12 percent of the total crypto market 24-hour volume from Moneycontrol Business News https://ift.tt/LY2rVIF

Reasonable valuation, rupee rise attract Rs 11,630 crore FPI funds into equities

With this, FPIs have taken out Rs 14,580 crore from equities in 2023 so far and invested Rs 4,268 crore in the debt markets during the period. from Moneycontrol Business News https://ift.tt/PKNmnBf

#39;Extend implementation of quality control  norms by 12 months for footwear; industry not ready yet#39; : Industry players

Global Trade Research Initiative (GTRI) co-founder Ajay Srivastava said there is a need for the government to provide clarity on the selling of existing stock. from Moneycontrol Business News https://www.moneycontrol.com/news/business/39extend-implementationquality-control -norms-by-12-months-for-footwear-industry-not-ready-yet39industry-players_16978361.html

News Highlights: Atishi orders inspection of all govt-run children#39;s homes in Delhi

News Highlights: According to officials, Delhi Women and Child Development Minister Atishi has directed an emergency inspection of every government-run children#39;s home in Delhi and requested a report on each by May 15. from Moneycontrol Business News https://ift.tt/OKnwJuM

Latest news today: Atishi orders inspection of all govt-run children#39;s homes in Delhi

Latest news updates: According to officials, Delhi Women and Child Development Minister Atishi has directed an emergency inspection of every government-run children#39;s home in Delhi and requested a report on each by May 15. from Moneycontrol Business News https://ift.tt/395Akmx

Latest news today: 100th episode of PM Modi#39;s #39;Mann Ki Baat#39; to be broadcast live in UN HQ

Latest news updates: The 100th episode of PM Modi#39;s monthly radio programme #39;Mann Ki Baat#39; will be broadcast live at the United Nations headquarters in New York. from Moneycontrol Business News https://www.moneycontrol.com/news/business/latest-news-today-100th-episodepm-modi39s-39mann-ki baat39-to-be-broadcast-liveun-hq_16978311.html

Strongly believe scooter market will be all electric in next 2 years: Ola CEO Bhavish Aggarwal

Interestingly, despite being in the market since January 2022, Ola Electric vehicle (EV) sales have led the business segment to become “India#39;s No. 1 EV company by revenue, bigger than even four-wheeler EV companies,” said Aggarwal from Moneycontrol Business News https://ift.tt/VQ2O7b6

Every village to be connected with 4G by 2024: says Devusinh Chauhan, MoS Telecom

The minister said that 4G network in all uncovered villages will lead to socio-economic transformation and bridge digital divides. from Moneycontrol Business News https://ift.tt/SPU0vQ5

LT Finance Q4 net up 46% to Rs 501 crore on higher loan sales, margin

The year also saw the highest annual retail disbursements of Rs 42,065 crore, driven by strong growth across all retail segments, which in turn was an accelerated reduction in wholesale book by 54 per cent to Rs 19,840 crore. from Moneycontrol Business News https://ift.tt/SnZYXTI

Top cryptocurrency prices on April 29: Major cryptocurrencies trade in green, Bitcoin hovers around $25,000

The total crypto market volume over the last 24 hours is $38.03 billion, which makes a 22.85 percent increase. from Moneycontrol Business News https://ift.tt/6SIX0Hq

Adani Cement pays back $200 million Holcim debt

The pre-payment will help billionaire Gautam Adani’s firm seek an extension of the debt taken to fund the acquisition by three years, said one of the people, who declined to be identified as the matter is private. from Moneycontrol Business News https://ift.tt/tRhOWqM

Wizz Air: The European airline which has India in its sights

In an interview, CEO Jozsef Varadi pointed to India as a growing opportunity with the potential for #39;immense development#39;, as the leading European budget airline looks to add Airbus#39;s long-haul A321 XLR aircraft to the fleet from Moneycontrol Business News https://ift.tt/A3huonM

Industrial deals resurge in nuts and bolts

The eye-watering multiples that many manufacturers paid for software deals during the pandemic generally weren’t well received by investors, so they#39;re returning to their roots from Moneycontrol Business News https://ift.tt/IEyOo6s

Nomura expects mid-sized companies to drive India MA

“Indian corporates will start becoming buyers of assets rather than sellers,” Amit Thawani, head of India coverage investment banking at Nomura, said in an interview with Bloomberg Television on Thursday. from Moneycontrol Business News https://ift.tt/t2QRK0e

IntelliSmart gets order to install 67 lakh smart prepaid meters from UP govt

The discom Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) has issued the Letter of Award (LOA) to this effect, IntelliSmart said in a statement. from Moneycontrol Business News https://ift.tt/KZ8jVJ7

Gujarat Gas cuts industrial gas prices from May 1: Sources

Price of industrial segment gas will be Rs 40.62/scm, down by Rs 5.29/unit from Moneycontrol Business News https://ift.tt/1Ld7OhS

SP Global Ratings raises long-term credit ratings on Tata Motors to #39;BB#39; from #39;BB-#39;

As per SP ratings, a BB grade is less vulnerable in the near-term but faces major ongoing uncertainties to adverse business, financial and economic conditions. from Moneycontrol Business News https://ift.tt/hI4610o

Hyundai India unveils glimpse of its micro-SUV Exter#39;s front-end

Apart from the Tata Punch, Exter will also compete with the French carmaker Citroen’s C3 SUV and lower-spec, naturally-aspirated variants of other compact SUVs like the Nissan Magnite, Renault Kiger, and the upcoming Maruti Suzuki Fronx. from Moneycontrol Business News https://ift.tt/n0YIKfP

MC Insider: Cynosure of all eyes, the best PR award and more

Read untold stories from the world of business and corridors of power from Moneycontrol Business News https://ift.tt/FaEXh3H

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others. from Moneycontrol Business News https://ift.tt/wFPlqfQ

Rakul Preet Singh launches diaper brand, gives a few tips on how to keep body, environment fit

New Boo, which is a biodegradable reusable diaper brand, is the actor-entrepreneur’s way of doing her bit for the environment. The brand offers a pack of three diapers for Rs 800 and is available online. The plan is to make it available in stores as well from Moneycontrol Business News https://ift.tt/wDsaqcp

Yes Bank: A no despite likely earnings traction

Business growth of Yes Bank and margin performance will take long to catch up with peers; costs will also remain elevated from Moneycontrol Business News https://ift.tt/7CsHKFG

Should you bank on IndusInd Bank’s next 3-year planning cycle?

The earnings trajectory for IndusInd Bank in the coming two years is strong and the valuation is extremely undemanding from Moneycontrol Business News https://www.moneycontrol.com/news/business/should-you-bankindusind-bank’s-next-3-year-planning-cycle_16970291.html

Citi India plans to launch sustainability-linked deposits soon

Money raised from these deposits will be invested by Citi to help multinational customers meet their environmental, social and governance obligations in India, the people said. from Moneycontrol Business News https://ift.tt/tfUnYVg

Solar Industries India bags Rs 212 crore order from Ministry of Defence

"Economic Explosives Ltd, a wholly-owned subsidiary of the company has signed a contract for supply of loitering munition with the Ministry of Defence," Solar Industries India said in a regulatory filing. from Moneycontrol Business News https://ift.tt/TdPk78K

Travel service provider EaseMyTrip offers special summer sale amid surge in travel demand

EaseMyTrip reported 4 percent year-on-year (YoY) growth in consolidated net profit at Rs 42 crore for the three months ended December 2022. from Moneycontrol Business News https://ift.tt/EAMZgjm

Noida Property News: नोएडा में आठ महीने में दूसरी बार महंगी हुई प्रॉपर्टी, जानिए कितना बढ़ गया रेट

राजधानी दिल्ली से सटे नोएडा में जमीन एक बार फिर महंगी होने जा रही है। नोएडा अथॉरिटी ने आठ महीने में दूसरी बार जमीन के आवंटन के रेट में बढ़ोतरी की है। इस बार लैड अलॉटमेंट रेट में 10 फीसदी तक बढ़ोतरी कर दी है। नोएडा में रेजिडेंशियल प्लॉट्स को अलग-अलग कैटगरीज में बांटा गया है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/VmIChQ7

JM Finance arm, Indostar Capital explore strategic options in home loan space

The companies disclosed that the discussions between the two housing finance companies are currently at a preliminary stage and are non-binding in nature. from Moneycontrol Business News https://ift.tt/aqlDnj4

Adani Ports floats tender to repurchase $130 mn of outstanding loan to ease debt load

Approximately 39 percent of the group#39;s overall debt consists of foreign currency bonds. from Moneycontrol Business News https://ift.tt/RQxqMe5

Latest news today: Countdown for BRS Government has begun: Amit Shah

Latest news updates: K Chandrasekhar Rao-led BRS Govt in Telangana is on the verge of being overthrown, and according to Union Minister Amit Shah, the BJP would continue to fight until that happens. from Moneycontrol Business News https://ift.tt/v3SeTbH

Yes Bank#39;s net profit drops 45% YoY in January-March on higher provisions

Yes Bank#39;s net profit fell to Rs 202 crore ($24.63 million) for the reporting quarter from Rs 367 crore in the same period a year earlier. from Moneycontrol Business News https://ift.tt/DPaUM8j

GST not applicable on transfer of Jaipur International airport business to Adani group

The Adani Group had in October, 2021, taken over the operations, management and development of the Jaipur International Airport from the AAI. from Moneycontrol Business News https://ift.tt/NOBE3R1

Credit Suisse takes SpiceJet to Supreme Court over unpaid dues

SpiceJet said it will pay one tranche today, on April 21, and the next in May. The court will next hear the case on May 17 from Moneycontrol Business News https://ift.tt/1aAwl9q

Investors face a new normal, what should their strategy be?

Q4 results are sending a message that global uncertainty is catching up with Indian stock markets. It calls for caution but also signals opportunity from Moneycontrol Business News https://ift.tt/Qbs9HNr

HCL Tech Q4 FY23 – Navigated the troubled macro well

For HCL Tech, decent deal win, steady hiring, and realistic guidance marked the quarter from Moneycontrol Business News https://www.moneycontrol.com/news/business/hcl-tech-q4-fy23-–-navigatedtroubled-macro-well_16966491.html

India#39;s merchandise exports may cross USD 500 billion this fiscal: Exporters

They said that other destinations like Russia would give a huge boost to the country#39;s outbound shipments, particularly in the agri and food processing sectors. from Moneycontrol Business News https://ift.tt/EyWmsBP

घर बैठे सस्ते में प्रॉपर्टी खरीदने का मिलेगा मौका, सरकारी बैंक करने जा रहे 5 लाख घरों की नीलामी, पूरी डिटेल

Buy Cheaper Property: अगर आप प्रॉपर्टी खरीदने की सोच तो आपके लिए अच्छी खबर है। आपको जल्द ही किफायती रेट पर अच्छी प्रॉपर्टी खरीदने का मौका मिलने वाला है। दरअसल सरकारी बैंक जल्द ही पांच लाख घरों की नीलामी करने की प्लानिंग कर रहे हैं। इसके लिए एक ई-ऑक्शन ऐप को भी तैयार किया जा रहा है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/yueJtRA

Can Manappuram Finance shine even in face of headwinds?

The makeover will turn the erstwhile pure gold financier into a riskier business model from Moneycontrol Business News https://ift.tt/KGuQYqc

Scottish rent controls impact BTR investment

Investor appetite for the Scottish Build-to-Rent (BTR) market has been significantly curbed by rent control policy and political uncertainty, according to a report published by the Scottish Property Federation in association with estate agent Rettie & Co. from Property Week - Latest Residential News https://ift.tt/SqE4gMN

Fund Managers still shy of ramping up Adani bet

Investments by local equity mutual funds in the group accounted for only 0.9 percent of the industry’s $182 billion in assets at the end of March, according to data compiled by Bloomberg from Moneycontrol Business News https://ift.tt/pl1ETje

Supertech News: चालाकी काम नहीं आई, पुराना दफ्तर सील हुआ तो बगल में ही नया खोल लिया था, वह भी हुआ सील

Supertech Office Sealed: बिल्डर की चालाकी काम नहीं आई। यूपी रेरा का करोड़ों का बकाया होने की वजह से सुपरटेक बिल्डर का दफ्तर सील किया गया था। कंपनी ने उसके बगल में ही नया दफ्तर खोल लिया। अब उसे भी सील कर दिया गया है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/Y5gLzo6

Corporate funding in global solar sector grows 11% to $8.4 billion in January-March: Mercom report

Corporate funding includes venture capital, debt and public market financing. from Moneycontrol Business News https://ift.tt/2tiJYWS

Is the best behind for Manappuram Finance?

The makeover will turn the erstwhile pure gold financier into a riskier business model from Moneycontrol Business News https://ift.tt/DMe0TIZ

Indian taxi startup BluSmart picks EV fight with Uber

A clean energy push by Prime Minister Narendra Modi#39;s government is expected to significantly change India#39;s transport industry in years ahead, with major implications for ride-hailing firms. from Moneycontrol Business News https://ift.tt/4Bf0QbR

MC Insider: Making of a multi-bagger, a mock income tax search drill and more

Read untold stories from the world of business and corridors of power from Moneycontrol Business News https://ift.tt/m9q4oYO

Reliance Capital resolution process completion deadline extended to July 16

The 90 days deadline extension was necessitated as the lenders decided to hold a second round of auction on April 26 in order to maximise the recovery from the sale of Reliance Capital assets, sources said. from Moneycontrol Business News https://ift.tt/aq37DQS

IHCL announces signing two new hotels in Dhaka

The Taj and Vivanta branded hotels will be part of an integrated complex that will also include hi-end retail. These are greenfield projects. from Moneycontrol Business News https://ift.tt/goRx96M

Bournvita controversy a wake-up call for Big Food

With its ham-handed response, which does nothing to debunk the issue that was raised — ‘high level of added sugar’ — Cadbury only gave fresh legs to the controversy around Bournvita being a possible health hazard from Moneycontrol Business News https://ift.tt/TNnSkiF

Passenger vehicle exports from India rise 15% in FY23; Maruti Suzuki leads segment

The total passenger vehicle (PV) exports stood at 6,62,891 units in the 2022-23 fiscal as compared to 5,77,875 units in 2021-22. from Moneycontrol Business News https://ift.tt/boVIrYK

Adani group’s debt, global funding mapped in four charts

Information gleaned from people familiar with the conglomerate’s inner workings as well as from presentations to investors reveal 29% of its borrowings were with global international banks at the end of March — a category that didn’t feature on the group’s list of creditors seven years ago. from Moneycontrol Business News https://www.moneycontrol.com/news/business/adani-group’s-debt-global-funding-mappedfour-charts_16961811.html

RINL extends deadline for submission of EoIs for new business model

In a first, the steel maker is exploring a business model wherein it will supply finished steel products to companies which will either fund its working capital or supply one or more raw materials. from Moneycontrol Business News https://ift.tt/KEIOAgZ

Nike, Adidas shoes maker Pou Chen to invest nearly $281 million in India

The Taiwanese footwear maker for brands like Nike, Adidas, New Balance, and Timberland manufactured and shipped over 272 million pairs of shoes in the financial year 2022 globally, up nearly 14% from a year earlier. It already has plants in Bangladesh, Cambodia, Myanmar, and Vietnam. from Moneycontrol Business News https://ift.tt/A43r5Gj

Wadia Group likely to entirely exit or offload significant stake in loss-making Go First: Report

In FY23, Go First took two loans worth Rs 203.5 crore under the government’s Emergency Credit Line Guarantee Scheme to deal with its cash crunch from Moneycontrol Business News https://ift.tt/ezcL05g

Deploy modified Call Butterfly strategy in Nifty: Shubham Agarwal

The upcoming week can be approached with a low-risk strategy like modified Call Butterfly in Nifty. from Moneycontrol Business News https://ift.tt/f8UOqFz