Skip to main content

Posts

Showing posts from July, 2023

National Ecommerce Policy: Piyush Goyal likely to meet top executives on August 2

Goyal is expected to meet top executives from Amazon, Flipkart, Meesho, Shiprocket, and Swiggy among others before finalising the long-awaited policy from Moneycontrol Business News https://ift.tt/2Wr4voH

Foxconn Industrial Internet denies signing deal with Tamil Nadu: Report

The government of the southern Indian state of Tamil Nadu said on Monday it has signed a deal with Foxconn for a new electronic components manufacturing facility that would create 6,000 jobs. from Moneycontrol Business News https://ift.tt/4YJz81F

Apple Supplier Foxconn plans $500 million component plants in India

A formal announcement is expected as early as this week, the people said, declining to be named as the matter is not public. from Moneycontrol Business News https://ift.tt/UdsNA3I

Foxconn unit to sign $194 million components plant deal with India#39;s Tamil Nadu: Report

The subsidiary, Foxconn Industrial Internet (FII), plans to invest 16 billion Indian rupees ($194.45 million) to build a campus in Kancheepuram district, near the state#39;s capital of Chennai, added the source, who was not authorised to speak publicly about the matter. from Moneycontrol Business News https://ift.tt/k6sw1Ch

Uday Kotak’s succession under regulator review, sources say

The regulator is also reviewing whether stakes the banking group holds in two wholly-owned insurance units pose any risks to the firm’s stability, the people said. from Moneycontrol Business News https://www.moneycontrol.com/news/business/uday-kotak’s-succession-under-regulator-review-sources-say_17142711.html

'जीवन भर की कमाई एक फ्लैट खरीदने में लगा दी, अब इसे टूटते कैसे देखें', फ्लैट बायर्स का छलका दर्द

वसुंधरा सेक्टर-1 में अवैध रूप से बनाए गए फ्लैटों को गिराने के आदेश के बाद से यहां रहने वाले 18 परिवारों की नींद-चैन सब उड़ गया है। कोर्ट के फैसले के बाद 18 परिवारों को घर खाली करने का आदेश दे दिया गया है। इन घर खरीदारों का दर्द छलक उठा है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/GdRaYsE

बिल्डर ने 9 की जगह बना दिए 23 फ्लैट, कोर्ट ने दे दिया गिराने का आदेश

दिल्ली से सटे वसुंधरा में बिल्डर के धोखे की मार एक बार फिर से घर खरीदारों पर पड़ी है। अवैध निर्माण के तौर पर बनाए गए फ्लैटों को कोर्ट ने गिराने का आदेश दिया है। कोर्ट के आदेश के बाद आवास विकास ने बिल्डिंग पर नोटिस चस्पा कर 5 अगस्त से पहले सभी फ्लैट खाली करने के लिए मुनादी करा दी है। from प्रॉपर्टी समाचार, रियल एस्टेट खबरें, Real Estate India, Property News https://ift.tt/r4RJVA0

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/k5xhg4C

Walmart buys out $1.4 billion Tiger Global stake in Flipkart

The transaction brings the value of the e-commerce firm to $35 billion from nearly $38 billion after it sold its shares to Japan#39;s SoftBank , U.S. retailer Walmart and other investors in 2021, the report said. from Moneycontrol Business News https://ift.tt/Kq3UeEd

BHP expects Indian steelmaking boom to drive its coal business

Around 40% of BHP#39;s metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said. from Moneycontrol Business News https://ift.tt/lZIGWjR

CEAT lines up Rs 750 crore capex for FY24

Most of the investment will be deployed in increasing production of agri-radial tyres at Ambernath plant, where the company manufactures specialty tyres. from Moneycontrol Business News https://ift.tt/iKyZ5kF

NTPC Q1 result: Net profit rises 9.4% YoY to Rs 4,066 crore

Total revenue from operations came in at Rs 39,681 crore in the June quarter on standalone basis, down 2.3 percent on-year. from Moneycontrol Business News https://ift.tt/3VMkEPX

Harley-Davidson X440#39;s online bookings close August 3, deliveries from October

Hero MotoCorp will start production of the Harley-Davidson X440 in September at its Garden Factory in Rajasthan Neemrana and deliveries will commence the next month from Moneycontrol Business News https://ift.tt/ryd5W4J

Industrialist Ratan Tata to get Maharashtra govt#39;s first #39;Udyog Ratna#39; award

Awards for young entrepreneur, woman entrepreneur and Marathi entrepreneur will also be given, Samant announced in the state legislative council on Thursday. from Moneycontrol Business News https://ift.tt/ug2rC68

Magicpin starts selling tomatoes for Rs 70 per kg through ONDC partners

Consumers can order tomatoes through magicpin app, Paytm, PhonePe#39;s Pincode, Mystore in Delhi-NCR and select few cities under the arrangement, it said in a statement. from Moneycontrol Business News https://ift.tt/5O6zs9D

Apollo, Cerberus pile in as private debt assets double in India

Apollo Global Management, Cerberus Capital Management LP and Varde Partners are stepping up their operations in the world’s most populous nation, funding billionaires and mid-sized businesses for needs as diverse as acquisitions, bridge financing for initial public offerings, and share buy backs. from Moneycontrol Business News https://ift.tt/cSrzuA2

Air India plans to start flights to Los Angeles, Boston

Currently, the airline operates non-stop flights to five American cities -- Washington, DC, New York, New Jersey, Chicago and San Francisco. from Moneycontrol Business News https://ift.tt/8S7Uieq

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

India has also experienced a pickup in private credit activity. Restrictions on bank lending — such as to fund mergers and acquisitions — make it an attractive proposition. from Moneycontrol Business News https://ift.tt/PCWdwvr

Institutional activism an effective check on unbridled promoter power

Given the notorious pusillanimity of independent directors, whose role in Indian companies is in marked contrast to their rising levels of independence in both the US and UK, the onus of raising corporate governance standards in the country falls upon the powerful institutions from Moneycontrol Business News https://ift.tt/e1DjW4m

Foxconn unit in talks for $200 million components plant in India#39;s Tamil Nadu: Report

Brand Cheng, CEO of Foxconn Industrial Internet (FII), and other company representatives last week met Tamil Nadu officials including its chief minister to discuss investments in the state, the government said in a statement after the meeting, without elaborating. from Moneycontrol Business News https://ift.tt/7xk5N60

IndiGo captain, co-pilot licence suspended for landing with tail strike

Taking cognizance of the incident the DGCA ordered the grounding of pilots of the aircraft. from Moneycontrol Business News https://ift.tt/Lg5SGwT

Air India likely to replace iconic #39;Maharajah#39; mascot, says report

The airline is slated to get new livery featuring red, white and purple color. Red and white are Air India’s colours. from Moneycontrol Business News https://ift.tt/B75UI0G

Metals rally on weak dollar, China vows to heal property woes

In June, Indian crude steel production recorded a 12.9% increase compared to the same period last year. from Moneycontrol Business News https://ift.tt/2bPGUmp

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/WJLnkdl

Star founder broke down in tears as crises engulfed Byju’s

With a planned $1 billion equity fundraise from Middle Eastern investors still in limbo, Raveendran broke down in tears defending his company, according to people who attended the calls. from Moneycontrol Business News https://www.moneycontrol.com/news/business/star-founder-broke-downtears-as-crises-engulfed-byju’s_17131041.html

SpiceJet removed from DGCA#39;s enhanced surveillance regime after routine findings

The airline, which has been facing multiple headwinds, was placed under enhanced surveillance recently. from Moneycontrol Business News https://ift.tt/oBFjiGd

Aviation regulator DGCA removes SpiceJet from its enhanced surveillance regime

The airline, which has been facing multiple headwinds, was placed under enhanced surveillance recently. from Moneycontrol Business News https://ift.tt/GSZOHvI

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/ECMKo7N

Chart of the Day: Will weak exports deflate growth prospects for tyre companies?

Tyre exports have been under pressure given weakness in US and European economies. But tailwinds from lower costs could support near-term margins from Moneycontrol Business News https://ift.tt/Qjhk2b6

Billionaire GA Reddy courts world’s rich on contrarian office bet

The Reddy family’s GAR Corp. is looking to raise as much as $200 million from family offices and sovereign wealth funds by selling a minority stake in one of Hyderabad’s biggest commercial developments, according to people with knowledge of the matter. from Moneycontrol Business News https://www.moneycontrol.com/news/business/billionaire-ga-reddy-courts-world’s-richcontrarian-office-bet_17127671.html

Paints, coatings industry to touch Rs 1 lakh-crore in five years: Akzo Nobel India

In its latest annual report, the company said the present size of the paints and coatings industry is around Rs 62,000 crore. from Moneycontrol Business News https://ift.tt/S04ODob

Double-engine sarkar (in the Indian skies) may be good news for airport operators

Across airports, IndiGo and the Tata group of airlines run the lion’s share of the flights. As more airports come up for privatisation, the presence of these biggies may reassure prospective players about the potential of the business. from Moneycontrol Business News https://ift.tt/xGUAwR7

Kotak Mahindra Bank Q1 FY24: Deposit push yielding results

The bank reported a steady performance. However, we see the management transition as a near-term overhang and maintain a neutral stance on the stock. from Moneycontrol Business News https://ift.tt/792JzF6

[In-depth] From war to unseasonal rains: Know all reasons behind food inflation

What’s causing the rise in food prices? How long will elevated food prices stay? Are government interventions working? Is the farmer happy about high food prices? All questions answered in this deep-dive discussion on food inflation. from Moneycontrol Business News https://www.moneycontrol.com/news/business/[in-depth]-from-war-to-unseasonal-rains-know-all-reasons-behind-food-inflation_17125721.html

Beijing offers love, but Chinese entrepreneurs aren’t buying it

Beijing unveiled a 31-point set of guidelines Wednesday to bolster the confidence of the private sector. from Moneycontrol Business News https://www.moneycontrol.com/news/business/beijing-offers-lovechinese-entrepreneurs-aren’t-buying-it_17125701.html

Moneycontrol Pro Weekender: Climbing Mount 20k 

Emerging markets are in the spotlight as the shift in foreign capital flows has been driven by disappointment about China’s recovery from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-climbing-mount-20k _17125221.html

PVR banks on "Barbenheimer" after Bollywood flops

Hoping to cash in on the global "Barbenheimer" craze, PVR Inox set up countdown timers for the first time at several locations and started screening "Oppenheimer" at midnight on Friday, the day of its U.S. release date. from Moneycontrol Business News https://www.moneycontrol.com/news/business/pvr-banks"barbenheimer"-after-bollywood-flops_17123421.html

GST On Online Games: An appropriate measure to shield the youth from a debt trap

Companies involved in this business are not willing to accept that it can lead to addiction and they argue that the average deposit amount is very little. But the reality is different from this from Moneycontrol Business News https://ift.tt/nfdm4Yr

Kia launches new Seltos with price starting at Rs 10.89 lakh

The model comes in 18 trims with both petrol and diesel powertrains. from Moneycontrol Business News https://ift.tt/XnhzZQc

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/wNPHB1T

A $46 billion rally shows India tech woes easing

The newfound optimism marks a change from just months ago, when Infosys warned about customers in key sectors such as finance pulling back amid fear of recession in the US and Europe from Moneycontrol Business News https://ift.tt/EsNdtWB

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/UnluPOj

Companies who ignore weather risks do so at their own and shareholders#39; peril

Indian companies need to incorporate extreme weather events and how to prepare for them in their strategic plans from Moneycontrol Business News https://ift.tt/iPLYFSz

Companies that ignore weather risks do so at their own and shareholders#39; peril

Indian companies need to incorporate extreme weather events and how to prepare for them in their strategic plans from Moneycontrol Business News https://ift.tt/7RrahOf

Tesla to spend over $1 billion on Dojo Supercomputer

The company said in its latest earnings release that it had begun production of its “Dojo training computer.” from Moneycontrol Business News https://ift.tt/YZtgiIJ

Google says court order on Disney app fee in India temporary

Disney in India has gone to court in what is the latest and most high-profile challenge to Google#39;s policy of imposing a "service fee" of 11-26% on in-app payments. from Moneycontrol Business News https://ift.tt/rbGC1Xx

Govt may delay Hindustan Zinc share sale: Report

The government though, still hopes to push through the long-delayed sale this financial year, one of the sources said. from Moneycontrol Business News https://ift.tt/veYRX0r

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/MBfJZhm

Tata JLR expected to unveil plans for electric car battery plant in UK

The BBC reported that people familiar with the matter said the new plant in Somerset, south west England, would be officially announced on Wednesday. Its sources claim that the government will be providing subsidies worth hundreds of millions of pounds for the new factory. from Moneycontrol Business News https://ift.tt/qNVxfHA

Piramal Pharma#39;s Rs 1,050 crore rights issue gets Sebi#39;s nod

The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday. from Moneycontrol Business News https://ift.tt/XRSWVZv

Financing remains a challenge for electric mobility in India: CII Report

The report, done in collaboration with OMI, is part of a series of reports on Roadmap for Future Mobility 2030. from Moneycontrol Business News https://ift.tt/yT5coZe

LTIMindtree exudes cautious optimism

The company is ready to make the most of the multi-year technology spending opportunity from Moneycontrol Business News https://ift.tt/gcO3lwn