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Showing posts from June, 2023

Sri Lanka#39;s Parliament open debate on domestic debt restructuring programme

A shortage of medicines, fuel and other essentials also helped to push the cost of living to record highs, triggering nationwide protests which overthrew the government of President Gotabaya Rajapaksa in 2022. from Moneycontrol Business News https://ift.tt/aEK5O3q

British Airways witnessing growth in demand in India: CEO Sean Doyle

Speaking at a media roundtable here, Doyle, who is the Chairman and CEO, also said there is a growth in air travel demand in India and the airline is looking for expansion. from Moneycontrol Business News https://ift.tt/wkNcGZg

Zomato introduces open food trends data analysis platform to aid restaurant partners

Zomato Food Trends is an open platform accessible to the general public free of charge and it will "provide insights by analysing data from millions of transactions across hundreds of cities in India", the company said in a statement. from Moneycontrol Business News https://ift.tt/L1tlOYi

HDFC-HDFC Bank merger to give rise to a banking giant bigger than Morgan Stanley

The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion. from Moneycontrol Business News https://ift.tt/64mwFKQ

Weekly Tactical Pick: Why this old private sector bank is undervalued

With strong growth, stable margin, superior cost management, and healthy asset quality, the bank expects a steady expansion in RoA from Moneycontrol Business News https://ift.tt/I7UCrgE

Optimistic about India market will continue to grow categories: PG

Procter Gamble (PG) India will continue to grow categories that are currently undeveloped and bring product propositions that are meaningful to the quality-conscious Indian consumer, he said. from Moneycontrol Business News https://ift.tt/XywMiJL

फलट स लकर कबरसतन बनन तक क करबर 34 कपनय और अरब क दलत...सपरटक वल आरक अरड क बरबद क पर कहन

नई दिल्ली: लोगों अपने घर का सपना दिखाकर उन्हें झांसा देने वाले सुपरटेक के मालिक आरके अरोड़ा (RK Arora) को ईडी ने गिरफ्तार कर लिया है। ईडी ने मनी लॉन्डिंग मामले में सुपरटेक (Supertech) के मालिक आरके अरोड़ा को मंगलवार को गिरफ्तार कर लिया। एजेंसी पिछले तीन दिन से अरोड़ा से पूछताछ कर रही थी और बाद में उन्हें हिरासत में ले लिया गया। सुपरटेक वाले आरके अरोड़ा वहीं है, जो नोएडा में ट्विन टॉवर (Twin Tower) बनाकर चर्चा में आए थे। आरके अरोड़ा ने हजारों फ्लैट बायर्स को घर का सपना दिखाकर उन्हें धोखा दिया। आज आरके अरोड़ा के घोटाले की पूरी कहानी जानते हैं। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/wUPSN0K

From Local to Global: Unlocking Opportunities for MSMEs

In the first episode, titled "From Local to Going Global," industry experts explore the challenges and opportunities for MSMEs in expanding their reach beyond domestic borders. from Moneycontrol Business News https://ift.tt/B4Jsy9A

Noida Property News: Unitech क रसत पर Supertech! 50000 फलटस क भवषय अधर म हमबयरस भख हडतल क तयर म

रियल एस्टेट कंपनी सुपरटेक के नोएडा और ग्रेटर नोएडा में 20 प्रोजेक्ट्स चल रहे हैं। कंपनी के चेयरमैन आरके अरोड़ा को मनी लॉन्ड्रिंग के मामले में ईडी ने गिरफ्तार कर लिया है। इससे होमबायर्स की चिंता बढ़ गई है। उनका कहना है कि इससे सुपरटेक की हालत भी यूनिटेक जैसी हो जाएगी। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/lJDAdcs

HDFC makes HDFC Life a subsidiary by raising its stake to 50.33%

Mortgage lender clarified that July 1 is simply a #39;tentative#39; date for completion of its merger with HDFC Bank. The record date of July 13 is also tentative and subject to completion of certain formalities, it said from Moneycontrol Business News https://ift.tt/4VNPeim

Property Price: गडगव गरटर नएड य हदरबद कस शहर म सबस जयद बढ ह मकन क दम?

कोरोना काल के बाद से ही देश भर में प्रोपर्टी की कीमतें बढ़ रही हैं। लेकिन इन दिनों प्रोपर्टी प्राइस में कुछ ज्यादा ही बढ़ोतरी हो रही है। हम आपको बता रहे हैं कि किस शहर में प्रोपर्टी की कीमतों में कितनी बढ़ोतरी हुई है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/iVLuJ5K

Kotak Mahindra Bank customers can now use RuPay credit cards on UPI

Kotak Mahindra Bank customers can select from seven RuPay Credit Cards to use seamlessly on UPI, the bank said in a statement. from Moneycontrol Business News https://ift.tt/NSiYkcE

Turmoil at Byjuâs highlights hurdles for India startup scene

Already stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-profile startup crisis in years. from Moneycontrol Business News https://www.moneycontrol.com/news/business/turmoil-at-byju’s-highlights-hurdles-for-india-startup-scene_17096621.html

Time to clean up the startup ecosystem. And put a governance charter in place

Early investors have a significant impact on shaping the initial culture, founder mindset and subsequent governance of these young firms. And in recent years, investors have allowed founders to get used to really perverse incentives in order to win deals or to improve their founder ‘friendliness’. from Moneycontrol Business News https://ift.tt/7AMx9hR

Fair trade watchdog slaps show-cause on Air India-Vistara merger

The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace. from Moneycontrol Business News https://ift.tt/EBG8oe0

Vedanta deepens tech push with $4 billion India display factory

YJ Chen, who previously worked at Chinese display maker HKC Corp., said the display venture will soon begin recruiting from South Korea, Taiwan, Japan and other regions to set up a liquid crystal display panel fabrication unit in India. The factory will create as many as 3,500 direct jobs, he said. from Moneycontrol Business News https://ift.tt/OpYHCeL

Local to Global: Small business to smart business

[Partnered] Celebrate MSME#39;s Day by tuning in to the first episode of our podcast series, dedicated to empowering SMEs. Discover how to overcome challenges, unlock your full potential, and transform your small business into a smart and efficient business. Join us on Small Business to Smart Business, presented by DBS Bank and Moneycontrol. from Moneycontrol Business News https://ift.tt/7sJqCmZ

ASK plans to raise up to $122 million for private credit

Private credit - where investors like pension funds lend directly to companies — is one of hottest asset classes globally, with the global stock of loans growing rapidly to $1.5 trillion, according to financial data provider Preqin Ltd. The loans typically feature floating interest rates, which means investors get paid more when rates rise. from Moneycontrol Business News https://ift.tt/Xf8wTBL

Surging Indian internet stocks trounce China peers

An equal-weighted custom index of India’s five flagship Internet stocks including Paytm parent One 97 Communications Ltd. and Zomato Ltd. has risen more than 20% in 2023, bolstered by the firms’ focus on profitability and a buzzing economy. from Moneycontrol Business News https://ift.tt/IkrxBJ3

Byjuâs under lens as MCA gathers details after auditor quits

The Ministry of Corporate Affairs has sought more information about the embattled startup and a final decision about whether to open a formal probe is expected soon, the people said. from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’s-under-lens-as-mca-gathers-details-after-auditor-quits_17094221.html

Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today

Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role from Moneycontrol Business News https://ift.tt/sJQ7and

HUL picks Rohit Jawa as MD and CEO after Sanjiv Mehta retires today

Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role from Moneycontrol Business News https://ift.tt/IFtzhQx

Byjuâs seeks to calm investors as crisis escalates

On a call with investors, Byju Raveendran acknowledged his failure in installing processes that could have helped close the accounts on time and said its systems are being improved with the help of a newly appointed finance chief and general counsel, according to people familiar with the discussion. from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’s-seeks-to-calm-investors-as-crisis-escalates_17093171.html

Why is it time to book the gains in Zensar?

The limited scope for margin expansion and challenging demand scenario caps the earnings upside in the near term. from Moneycontrol Business News https://ift.tt/JZ8pGKn

Boeing supports Make in India#39; initiative says CEO David Calhoun

David Calhoun met Modi and discussed the importance of Boeing#39;s eight decades of aerospace partnership with India during the prime minister#39;s state visit to the US. from Moneycontrol Business News https://ift.tt/5vl2Ase

Shipping industry body to meet MoS Shipping Shripad Naik on issue of shore leave permission for seafarers at Mumbai port

Confined spaces and monotonous routine of seafarers aboard cargo vessels often leads them to boredom, homesickness, stress and depression. from Moneycontrol Business News https://ift.tt/vCLNh5f

Flat Possession: कमल कर दय नएड क इस बलडर न डडलइन स द सल पहल द दय अपरटमट क पजशन

ATS Project: नोएडा, ग्रेटर नोएडा, युमना एक्सप्रेसवे, गाजियाबाद आदि उपनगरीय इलाकों में ढेरों लोग एक अदद मकान बुक कराए हुए हैं। इन शहरों के प्रोजेक्ट इतने लेटलतीफ हैं कि इनमें आपने एक बार फ्लैट बुक करा लिया तो फिर डिलीवरी के लिए बरसें-बरस इंतजार करते हैं। लेकिन, हम ग्रेटर नोएडा के एक ऐसे हाउसिंग प्रोजेक्ट की बात कर रहे हैं, जिसमें यूपी रेरा (Uttar Pradesh RERA) की डेडलाइन से दो साल पहले पॉजेशन दिया जा रहा है। यह प्रोजेक्ट है ग्रेटर नोएडा वेस्ट का एसटीएस होमक्राफ्ट हैप्पी ट्रेल्स। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/YRyv9EO

EU Meta agree to July stress test on EU online content rules

The DSA bans certain types of targeted advertisements on online platforms such as those meant for children or when they use special categories of personal data, such as ethnicity, political views and sexual orientation. from Moneycontrol Business News https://ift.tt/3nUWVQL

Solo or partnership MNCs find their own recipe to do business in India Â

For over two decades after the liberalisation of the economy in 1991, the same set of names from India dominated alliances with foreign partners from Moneycontrol Business News https://www.moneycontrol.com/news/business/solo-or-partnership-mncs-find-their-own-recipe-to-do-businessindia- _17091091.html

Is it the end of unchecked dynastic rule in corporates?

Not quite yet. But the removal of permanent board seats for promoters is a step in this direction from Moneycontrol Business News https://ift.tt/pQ3MGLo

Adani Group statements to investors draw US regulatory scrutiny

The U.S. Securities and Exchange Commission also has a similar probe underway, Bloomberg reported, citing two people familiar with the matter. from Moneycontrol Business News https://ift.tt/C8JNla4

Gainers Losers: 10 stocks that moved the most on June 22

Equity benchmarks the Sensex and the Nifty each closed 0.45 lower on June 22. As many as 1,283 shares advanced, 2,154 declined and 119 remained unchanged from Moneycontrol Business News https://ift.tt/YsdAyQ9

Organisational Culture: Revisiting the first principles of sustainability

It is past time for economists and businesses to examine and recognize the truth illusions and survivorship bias inherent in what is currently peddled as corporate gospel  from Moneycontrol Business News https://ift.tt/D0Whgtw

Sony-Zee merger to go through says Punit Goenka: Report

The Zee-Sony merger announced in 2021 was set to create a $10 billion TV enterprise, with Goenka becoming the merged entity#39;s managing director and CEO, but regulatory approvals are still pending. from Moneycontrol Business News https://ift.tt/OjPC0sa

NIIF plans to raise at least Rs 20000 crore for infra investment trust

The vehicle would include some assets from Athaang Infrastructure, which operates toll roads, according to one of the people, who declined to be identified because the information is private. from Moneycontrol Business News https://ift.tt/OWMpoaZ

Amazon to collect expiring Rs 2000 notes from Indian customers

India#39;s central bank (RBI) decided last month to withdraw the largest denomination notes from circulation, asking people to deposit or exchange them at banks by the end of September. from Moneycontrol Business News https://ift.tt/tAClnKI

Sony says it is taking SEBI#39;s interim order on Zee CEO and MD Punit Goenka seriously

This was Sony#39;s first comment post the Securities and Exchange Board of India#39;s (SEBI) ban last week against Zee Group Chairman Subhash Chandra and CEO Punit Goenka for a year, saying they were actively involved in diverting company funds to the group#39;s related entities. from Moneycontrol Business News https://ift.tt/ZoRwU5J

Sony unit says monitoring regulator#39;s moves on merger partner Zee

This was Sony#39;s first comment post the Securities and Exchange Board of India#39;s (SEBI) ban last week against Zee Group Chairman Subhash Chandra and CEO Punit Goenka for a year, saying they were actively involved in diverting company funds to the group#39;s related entities. from Moneycontrol Business News https://ift.tt/EecaUqW

SpiceJet signs settlement pact with Nordic Aviation for all past liabilities

The agreement between the airline and the aviation company settles all past liabilities for the Q400s leased by NAC to SpiceJet, the release said. from Moneycontrol Business News https://ift.tt/AITkrDt

Modi#39;s maiden state visit to US: PM arrives in New York to meet business leaders Nobel laureates

Modi is scheduled to meet CEOs, Nobel laureates, economists, artists, scientists, scholars, entrepreneurs, academicians, health sector experts in the city later in the day. The PM is also scheduled to attend the Yoga Day celebrations at the United Nations headquarters in New York on June 21. from Moneycontrol Business News https://ift.tt/TME1f9V

Rajasthan Monsoon LIVE: CM Gehlot conducts aerial survey of 3 rain-affected districts

Rajasthan Monsoon LIVE: Due to "heavy" to "extremely heavy" rainfall in Jalore, Sirohi, Barmer, Pali and nearby areas on Saturday and Sunday, a flood-like situation occurred and normal life was thrown out of gear. from Moneycontrol Business News https://ift.tt/m7OGD5I

PM Modi US visit live updates: PM Modi to meet Elon Musk and other notable personalities

PM Modi US visit live updates: PM Modi will also be meeting other luminaries, according to the report. Among them are Astrophysicist Neil deGrasse Tyson, Grammy Award-winning Indian-American singer Falu (Falguni Shah), Paul Romer, Nicholas Nassim Taleb, Ray Dalio, Jeff Smith, Michael Froman Daniel Russel, Elbridge Colby, Dr Peter Agre, Dr Stephen Klasko, and Chandrika Tandon. from Moneycontrol Business News https://ift.tt/At8noPE

PM Modi US visit live updates: PM Narendra Modi plans Egypt visit on the way back

PM Modi US visit live updates: After Egyptian President#39;s recent visit to India, PM Modi will visit Cairo in his journey back from US from Moneycontrol Business News https://ift.tt/T5Nnsk8

PM Modi US visit live updates: PM Narendra Modi leaves for Washington

PM Modi US visit live updates: PM Modi will meet top Indian American CEOs in Washington followed by Yoga Day celebration at UN and private dinner will President Biden. from Moneycontrol Business News https://ift.tt/1eukY0y

PM in US visit live updates: PM Narendra Modi leaves for Washington

PM in US live updates: PM Modi will meet top Indian American CEOs in Washington followed by Yoga Day celebration at UN and private dinner will President Biden. from Moneycontrol Business News https://ift.tt/vEhocKI

Maersk fixes uniform shipment rate of $1 for online retailers

The fixed charge includes 60 days of storage, delivery across India covering 18,000 pin codes in 48 hours, 20 per cent returns to origin (RTO) and no fixed monthly costs or no minimum orders, it said. from Moneycontrol Business News https://ift.tt/s2MpxBU

Grasim Lubrizol set to begin work on CPVC resin plant in Gujarat

The plant is being set up in Gujarat#39;s Vilayat and will have a production capacity of around 1,00,000 metric tonnes from Moneycontrol Business News https://ift.tt/ELxWkMB

Joint India-US effort needed to address state-subsidised dominance of China#39;s strategic industries: First Solar CEO Mark Widmar

In an interview with PTI ahead of Prime Minister Narendra Modi#39;s State Visit, Widmar said that the international solar industry has experienced a noticeable shift in the ease of doing business in India over the past decade, with both Federal and state governments facilitating investments and permitting. from Moneycontrol Business News https://ift.tt/eBogMYm

Airbus set for splashy Paris debut with 500-jet IndiGo order

The proposed order, which would double the airline’s existing backlog, is for A320neo family aircraft, according to people familiar with the negotiations. IndiGo and Airbus are moving to announce the accord as early as Monday, said the people, asking not to be identified because the talks are private. from Moneycontrol Business News https://ift.tt/XBTFoKd

Indiaâs soft spot for local ice-cream stays firm amid competition from newer brands

Imbued with nostalgia, local ice-cream brands — which offer high-quality niche products unlike big national and international brands — are not just here to stay, they will grow, too, say those in the business. from Moneycontrol Business News https://www.moneycontrol.com/news/business/india’s-soft-spot-for-local-ice-cream-stays-firm-amid-competitionnewer-brands_17084931.html

Indian talent innovation create and empower Google products globally: Top company official

Bhatia served as the Deputy US Trade Representative from 2005 to 2007. He is credited with leading the negotiation of the United States–Korea Free Trade Agreement and the Open Skies Agreement with India. from Moneycontrol Business News https://ift.tt/W3dDa1Z

#39;Adipurush#39; registers bumper opening with Rs 140 crore at global box office

The makers had launched a massive promotional campaign ahead of the release of the film, reportedly made on a budget of Rs 500 crore. from Moneycontrol Business News https://ift.tt/d2uhKm4

Pakistan receives USD 1 billion from China

Pakistan is also looking at refinancing a loan of USD 300 million from the China Development Bank which matures on June 30. from Moneycontrol Business News https://ift.tt/a4BmpCL

CMD Register to help access Company information more efficiently

The company offers valuable insights into Indian corporate landscape, ranging from financials to director profiles. from Moneycontrol Business News https://ift.tt/ekYPnN7