Custom Search
Showing posts with label Economic Times. Show all posts
Showing posts with label Economic Times. Show all posts

Thursday, July 13, 2023

Economic Times

*Economic Times*

📝 TCS' Q1 profit rises 17% to Rs 11,074 cr, investors to get Rs 9/share dividend

📝 India, France to deepen strategic ties

📝 India proposes ease of business norms at G20

📝 HCL Tech Q1 Results: PAT rises 8% YoY to Rs 3,534 crore; dividend declared at Rs 10/share

📝 Nvidia in talks to become anchor investor in Arm IPO

📝 Utkarsh SFB IPO subscribed 4.73 times on Day 1; retail portion fully booked

📝 SBI to sell up to Rs 10,000 crore of AT-1 bonds this week

📝 Agri ministry asks banks to promote Rs 1 lakh cr Agriculture Infrastructure Fund

📝 India’s retail inflation rises to 4.81% in June on higher food prices

📝 India's industrial production output up 5.2% in May from 4.5% in April

📝 US inflation hits two-year low; declines sharply to 3% in June

📝 Global public debt hits record $92 trillion- UN report

📝 Fold Health raises $6 million in funding led by Iron Pillar

📝 Hectar Global raises $2.1 million in seed funding led by Powerhouse Ventures

*Business Standard*

📝 India's outward FDI shrinks by half YoY in June 2023, shows RBI data

📝 IAMAI urges GST Council to tax gaming platform fee, not full face value

📝 Placed under enhanced surveillance, SpiceJet to get Rs 500 cr from promoter

📝 Merged HDFC Bank: New entity will have market capitalisation of Rs 12.5 trn

📝 Housing ministry to organise national conclave on urban planning

📝 Patanjali Foods' promoters plan to offload up to 9% stake through OFS

📝 Centre imposes import restrictions on certain gold jewellery, articles

📝 Oil prices rise as mild US inflation data calms fear of Fed rate hike

📝 Confused over UV definition, car companies await govt notification on cess

📝 Sebi to tweak 'fit & proper' regime for bourses, clearing corporations

*Financial Express*

📝 Bank of India targets $4-billion international business by 2026

📝 Reliance Capital administrator files Hinduja’s resolution plan with NCLT Mumbai for approval

📝 Vedanta to continue ‘sizeable investments’ in India; made $35 bn investment till date: Chairman Anil Agarwal

📝 CapFort Ventures launches a Rs 200 crore fund to invest in tech startups

📝 Razorpay launches its payment gateway for businesses in Malaysia

📝 Reliance Retail among prospective buyers for Future Enterprises

📝 India, ADB sign $130 million loan to promote horticulture in Himachal Pradesh

📝 FinEzzy aims to disburse Rs 1,500 crore in loans against mutual funds over next year

📝 Govt directs NAFED, NCCF to procure tomatoes from AP, Karnataka, Maha for distribution in key consumption centres

📝 Cabinet nod to lithium mining by private companies

*Mint*

📝 Telecom manufacturing at ₹18,000 cr, should be scaled up 10x: Vaishnaw

📝 India in talks with Netherlands for pharma supplies

📝 Wipro to invest $1 bn in AI over three years

📝 Elon Musk announces new company xAI, set to build ChatGPT alternative

📝 Hindalco Industries board approves proposal to sell land for ₹595 crore

📝 Sebi to auction 22 properties of Bishal Group, NVD Solar on August 14

📝 PFC files draft shelf prospectus to raise ₹10,000 crore via NCDs

📝 IMD issues red alert for northeast India, Sikkim, Bihar.

Wednesday, October 28, 2015

Economic Times

Economic Times
 
Business Standard
Ø  Sebi looks to revise rules for credit rating agencies

Ø  Airtel sells 700 towers in Burkina Faso to Eaton

Ø  RasGas contract to cost Petronet LNG Rs 10,000 cr

Ø  India Inc's external borrowings down 32% at $2.6 bn

Ø  Easier trade can push global exports $1tn pa: WTO

Ø  'India overtakes China, now biggest gold consumer'

Ø  Maruti to pay royalty to Suzuki on new models in Re

Ø  Govt plans to lower its stake IDBI Bank: Sinha

 
Ø  India jumps 12 spots on World Bank's ease of doing biz list

Ø  Tatas, Birlas, Ambanis take discount e-tailers head on

Ø  Cairn-Vedanta merger deal not to be reworked

Ø  Govt sets up panel to simplify Income Tax laws

Ø  Railways receive Rs 2,000 cr assistance from LIC for projects

Ø  Fitch withdraws IDFC's rating, reaffirms 'good credit quality'

Ø  IndiGo IPO subscribed 86% on Day-1

Tuesday, October 27, 2015

Economic Times

Economic Times

 

Business Standard

Ø  Sajjan Jindal plans JSW group ownership restructuring

Ø  DoD: Disinvestment target to be down to Rs 30k cr 

Ø  WTO sees up to $3.6 trillion boost to trade from deal to cut red tape

Ø  'Nestle to resume Maggi sales in India next month'

Ø  LIC and Indian Railways develop a bond worth Rs 2,000 cr

Ø  45% crop shortfall likely to keep dal prices high

 

Ø  IndiGo's anchor book mops up Rs 832 crore

Ø  India-Africa Forum Summit begins with an aim at stronger trade ties

Ø  Govt likely to launch 3 gold schemes on November 5

Ø  Nippon to acquire 23% stake in Reliance Life for Rs 2,500 cr

Ø  Essar Projects-Saipem JV awarded KNPC's $1.6 billion EPC contract

Ø  HFCL to start Chennai optical fibre plant from Nov 15

Monday, October 26, 2015

Economic Times

Economic Times

 

Business Standard

Ø  IMF to include yuan in benchmark currency basket

Ø  China banks seek more capital as bad loans pile up

Ø   China growth rate may fall below 7%: Premier Li Keqiang 

Ø  Volkswagen may offer discounts to owners of cars with illicit software: Report

Ø  UK nuclear deterrent to cost 167 billion pounds

Ø  Sebi mulls mandatory 'Dividend Policy' for listed companies

Ø  Modi govt plans to reward made-in-India innovations

 

Ø  India's e-tail sees 3-fold growth in a year

Ø  Bankers expect special audit report on Amtek Auto by next week

Ø  Welspun Group eyes $5 bn revenue by 2020

Ø  New energy norms for urea plants may save Rs 800 cr in subsidy

Ø  Govt telcos in talks with pvt operators to share spectrum

Ø  Henkel has option to invest in Jyothy

Ø  Sept raises temperature of fuel sector

Tuesday, October 6, 2015

Economic Times

Economic Times

 

Business Standard

Ø  Coal digger: India aims to start Asia's biggest coal mine in 5 yrs 

Ø  BoB investigating Rs 350-crore bill discounting fraud

Ø  Ageing Chinese dragon makes way for India in top spot among EMs

Ø  'Private equity activity may hit record high in 2015'

Ø  India, Lithuania agree to collaborate in agriculture sector

Ø  Govt to spend Rs 70k crore on 12 major ports: Gadkari

Ø  Government to soon decide Monetary Policy Committee structure: Shaktikanta Das

 

Ø  Tax collections to fall 5-7% short of target

Ø  Sebi probes JPMorgan's risk assessment system

Ø  Indian GDP predicted at 7.5% in 2015-16: World Bank

Ø  Germany offers 2 bn euros for clean energy corridor, solar projects

Ø  RBI initiates corrective action on Indian Overseas Bank

Ø  US scraps discriminatory outsourcing fee on Indian firms

Ø  Educomp sells entire stake in Wiz Learn Technology

Ø  NMDC cuts iron ore price by 12% for October

Business Line

 

Mint

Ø  ‘No dumping levy’ between provisional, final orders 

Ø  Cabinet monitoring has fast-tracked projects worth $112 b, says Minister 

Ø  Crisil downgrades debt worth Rs 2.4 lakh cr in H1 FY16

Ø  Gas price cut will hit investments in new reserves: Moody’s

Ø  ‘India’s poverty rate lowest among nations with poor population’ 

 

Ø  HDFC home loans get cheaper as lender cuts benchmark rate

Ø  OECD reveals plan for tax clampdown on multinationals

Ø  Method of computing GDP deflator misleading: RBI

Ø  Sun Pharma settles US patent litigation with Actavis over skin care drug

Ø  September quarter corporate earnings may disappoint

Financial Express

 

Financial Chronicle

Ø  Sensex ends 565 points up at 26,785, Nifty settles at 8,119;

Ø  Govt raises import duty on ghee, butter to 40%

Ø  Black money disclosure: Govt revises amount higher at Rs 4147 cr

Ø  'Motherson Sumi expects revenue growth at CAGR of 24-25% in next 5 years'

Ø  Alstom bags Lucknow Metro contract worth Rs 1,100 crore

 

Tuesday, September 22, 2015

Economic Times

Economic Times

 

Business Standard

Ø  Infy bags Rs 1,320cr contract to build GST Network

Ø  India's Ashok Leyland plans to list financing arm

Ø  Oil prices up 2 per cent after US drilling falls

Ø  Enhanced southwest monsoon to bring good rains: IMD

Ø  Adani eyes 20% growth in Rs 20K crore agro biz

Ø  Declare foreign asset by September 30 or face consequences: Finance Ministry

 

Ø  Bain Capital acquires 10% stake in L&T Fin for Rs 1370 cr

Ø  LIC big market player, not only to bailout divestment: FM

Ø  Call drop issue: Bharti Airtel moves all prepaid users to per-second plan

Ø  Govt considers FDI cap hike in DTH, cable networks; Dish TV up 4.5%

Ø  Godrej & Boyce aims at Rs 10,000 cr turnover this year

Ø  Corporate tax exemptions phase-out may end MAT

Monday, September 21, 2015

Economic Times

Economic Times

 

Business Standard

Ø  Resolution of pending tax disputes in works: FM

Ø  Better return on investment in India: FM

Ø  Companies Act to be fully implemented by Mar 2016

Ø  India's merchandise exports slide as commodity prices dip

Ø  BPCL set to start work on Rs 5k-cr complex in Kochi

Ø  Govt examining oil cos' demand to lower cess

Ø  Ambanis unite against GSM rivals' proposals to DoT

 

Ø  PSUs' capex down 24% in 2014-15

Ø  Petrol, diesel contribute Rs 30,000 cr addl excise in Apr-Aug

Ø  Rates should come down, but RBI final authority: Jaitley

Ø  BSE eyes 10 times faster trading speed in next few months

Ø  SFIO report on Kingfisher Airlines at least 6 months away

Ø  Govt may raise FDI cap to 100% in DTH, cable networks

Ø  PowerGrid to set up lines to link solar parks with ISTS

Business Line

 

Mint

Ø  Steel makers build case for anti-dumping duties on imports

Ø  Jaitley seeks foreign investments for infra, other sectors 

Ø  Registered research analysts rises to 121 as of July: SEBI 

Ø  Stanchart revises FY16 CAD forecast to 1.5% of GDP

Ø  Fortis to use drones to transport organs 

Ø  Xander to acquire distressed assets  

 

Ø  Bad loans: IDFC gets RBI nod for using Rs.2,500 cr reserve as provision

Ø  Sun Pharma sells Ranbaxy divisions to Strides Arcolab for Rs165 crore

Ø  Govt policy on spectrum trading, sharing could boost service quality

Ø  DLF to open Rs300-crore Emporio Mall in Delhi by May 2016

Ø  NTPC gets shareholders nod to raise Rs.5,000 cr

Financial Express

 

Financial Chronicle

Ø  Sebi widens black money probe; offshore arbitrage under regulator's lens

Ø  Delhi power gencos charging 50% more than the NTPC’s rate: Tata Power

Ø  In real distress, developers join forces to get projects off ground

Ø  Top 10 BSE Sensex companies add Rs 74,521 cr in market cap

 

Ø  $4b Indian cyber security segment is expected to grow

Ø  A divided Fed pits world's woes against domestic growth

Ø  India insulated from economic fallout, says Jaitley

Ø  Top 10 Sensex cos add Rs 74,521 cr in market cap

Ø  SBI expects less slippages, asset quality improvement

Friday, September 18, 2015

Economic Times

Economic Times

Business Standard
Ø  Fed holds rates steady on global economic weakness

Ø  India's ranking slips further in Global Innovation Index 2015

Ø  Worries over global growth weigh as US Fed mulls rate hike

Ø  US jobless claims at 8-week low; housing starts fall

Ø  Emerging central banks step in to curb currency falls

Ø  Government notifies miners contribution to District Mineral Foundation

Ø  Pvt placement of debts doubled, capex remains limited

Ø  Carrot & stick approach for sick power discoms

Ø  Sustained low inflation to cut cost of capital: RBI deputy governor

Ø  Hero Cycles acquires Firefox Bikes in all-cash transaction

Ø  Govt will 'put to sleep' pending tax disputes: FM

Ø  Commodity brokers urge Sebi to exempt transaction fee, charges

Ø  BPCL may import Ethane from US for its petchem unit

Wednesday, September 16, 2015

Economic Times

Economic Times

 

Business Standard

Ø  RBI base rate calculation norms may help monetary policy: ICRA

Ø  Govt to pump Rs 70,000 cr in replacing old power units

Ø  9 biggest banks to form blockchain partnership

Ø  Advance tax from steel, banking sectors registers fall

Ø  Trade data: Exports fall 20.7 per cent y/y in August 

Ø  Fed meets, decision on rate hike seems like a toss-up

Ø  SFIO probes fund diversions by Kingfisher Airlines

 

Ø  Tata front runner for GE Capital's stake in SBI Cards

Ø  China falls drag world stocks back into red

Ø  India's FX reserves loss in August fourth highest among EMs

Ø  Everstone closes its third private equity fund at $730 million

Ø  Suvidhaa acquires mobile PoS platform AasaanPay

Ø  ONGC to complete 12 projects worth Rs 13K cr by May 2016

Ø  Orchid Pharma to convert rupee term loans to foreign currency loans

Business Line

 

Mint

Ø  To check bad loans, RBI for cap on lenders in a consortium

Ø  Industry body urges Centre to re-define MSMEs

Ø  Fertiliser cos see good sales growth in Kharif season

Ø  Corporate agents can now sell policies of up to 3 insurers

Ø  Modi asks Sri Lankan PM to support Indian investments in infra, energy 

Ø  Biocon opens new facility to make insulin devices in India

 

Ø  NPAs grew faster than bank credit during 2011-15: RBI

Ø  Infosys to announce Q2 results on 12 October

Ø  Sebi asks MFs to explain corporate bond investments

Ø  IDFC Alternatives to buy operational road projects

Ø  Finance ministry falls short on promised contribution to EPS

Ø  India acquiring energy assets through the oil price roller coaster

Financial Express

 

Financial Chronicle

Ø  Sensex ends 151 pts down on caution ahead of US Fed meet, Nifty settles at 7,829

Ø  Expecting quick reforms in India unrealistic: US official

Ø  Reliance Jio launches unlimited free wi-fi at select places in Mumbai

Ø  Govt cuts import tariff on gold, silver

Ø  India home to 1.98 lakh millionaires; 11th largest globally

 

Ø  Govt looks to settle `3L cr combined discom debts

Ø  Vedanta-Cairn India merger gets go ahead from bourses

Ø  ING merger will boost Kotak Life’s bancassurance business

Ø  IOC to invest Rs 1.75 trillion over 7 years

Ø  TAM acquires Thai electronics brand Abaz World

Ø  FIs allowed to invest through partly paid share

Tuesday, August 11, 2015

Economic Times

Economic Times

Business Standard
Ø  Govt may not link gold monetisation scheme with CRR

Ø  Govt to announce new gas price formula: Oil Minister

Ø  Government approves 17,000-crore highways upgradation projects

Ø  Rlys arm to issue Rs 6,000 cr tax-free bonds

Ø  Govt bonds over-subscribed; FIIs pump in Rs 974 cr

Ø  Foxconn's decision to invest in India ruffles Chinese media

Ø  ABD calls off buyout talks with Tilaknagar Industries


Ø  Govt lists GST Bill for passage in Rajya Sabha today

Ø  Centre set to seek Rs 426 cr in damages from Nestle

Ø  Asset quality pressures to continue for a few more quarters

Ø  RBI intervenes more through forwards in foreign exchange market

Ø  Indonesia urges US Fed to hurry up and raise interest rates

Ø  Back to the future: Nokia prepares for mobile comeback

Ø  Govt caps kerosene subsidy at Rs 12/ltr, LPG at Rs 18/kg

Business Line

Mint
Ø  Greece, creditors ‘close’ to deal on third bailout

Ø  Poland woos Indian firms to set up manufacturing facilities

Ø  Vedanta resumes mining operations in Goa after 3 years

Ø  Persuading States for single tax structure on bio-fuels: Oil Min

Ø  State Bank, Sun Pharma, Tata Steel results today

Ø  Chambal Fertilisers’ net jumps 81% on higher sales


Ø  Wockhardt’s profitability rises in Q1 but US FDA’s go-ahead remains critical

Ø  Shapoorji Pallonji raises Rs.2,610 crore in largest infra refinancing deal

Ø  Videocon to roll out 4G mobile services by year end

Ø  Lanco lenders to acquire Teesta Hydro Power by converting debt to equity

Ø  J&K Bank Q1 profit rises 22%

Financial Express

Financial Chronicle
Ø  Sensex ends 135 points on GST worries, ONGC top loser

Ø  Recovery in corporate earnings several quarters away

Ø  Airtel reduces prices for new broadband customers by up to 30%

Ø  Adani Ports Q1 net profit up 13 per cent at Rs 641 crores


Ø  FPIs go slow on corp bonds, await gilt limit hike

Ø  Gujarat's all 4 discoms get A+ rating for 2013-14

Ø  Sadbhav Engineering bags Rs 1,557-cr projects from NHAI

Ø  Japan marks biggest H1 gain in current account surplus since 2010

Ø  New premium gas pricing policy for deepwater blocks soon

Wednesday, August 5, 2015

Economic Business

Economic Times

Business Standard
Ø  Rajan warns of action against banks hiding NPA nos

Ø  Oil price unlikely to recover as Saudi refining hits market

Ø  FSSAI-approved lab finds Maggi noodles safe

Ø  Adani to announce JV worth $5 bn with Foxconn

Ø  No decision yet on Cairn-Vedanta deal: UIICL

Ø  I-T Dept searches 20 premises of Claris Lifesciences


Ø  RBI leaves repo rate unchanged at 7.25%

Ø  RBI, govt in talks on medium term framework for FPI limit in debt

Ø  Klesch Group drops plans to buy out Tata Steel unit

Ø  Coal imports drop by 11% to 19 MT tn in July

Ø  UK takes 1 billion pounds hit in RBS sell-off

Ø  AIG profit beats estimates, boosts buyback by $5 billion

Business Line

Mint
Ø  RBI Governor bats for shifting veto power to monetary policy committee

Ø  Bharti Airtel Q1 net up at Rs 1,554 cr

Ø  US restores duty benefits to Indian exporters

Ø  No plan to hike duty on petroleum products: Pradhan

Ø  Over 3,500 tonnes plastic waste generated daily

Ø  FinMin moves Cabinet note on gold monetisation scheme


Ø  Govt may raise Rs40,000 crore via bonds from LIC

Ø  Thomson re-entering India market after 11 years

Ø  Sunteck Realty keen to buy distressed assets from rivals

Ø  Jay Shree Tea to sell sugar and fertilizer businesses

Ø  Sony to start manufacturing Bravia TVs in Tamil Nadu

Ø  Birla in talks with PE firms to sell insulator unit

Financial Express

Financial Chronicle
Ø  Monsoon, US Federal Reserve impact next trigger for rate cuts: Moody's

Ø  Govt mulls selling 3 per cent stake in GAIL to raise Rs 1,800 crore

Ø  Reliance MediaWorks concludes multiplex sale, debt cut by Rs 700 crore

Ø  Steel shares jump on likely import duty hike

Ø  Vedanta Resources bets on India for future growth


Ø  Rajan links more easing to lower bank rates, monsoon, inflation

Ø  RBI may cut interest rates before next policy: Rajan

Ø  CCI charges SMTB with violating competition norms

Ø  SC defers hearing, FIIs wait gets longer on MAT clarity

Ø  China footwear biz shrinks, India gets a foot in the door

Ø  Arcelor Mittal expects India to be active on M&A in steel, mine