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Showing posts from 2018

Walmart eyes 10% revenue from pvt labels, 30 stores by 2019

The company opened its 22nd store in Ludhiana late last month, which is the sixth in the state, where it began with and the second in the Punjab city. from Moneycontrol Business News https://ift.tt/2xScf9K

DoT awaits legal opinion on creation of ombudsman under Trai

The Trai Act may be modified to create an ombudsman with power to penalise operators or compensate consumers from Moneycontrol Business News https://ift.tt/2QpUVj8

PNB wilful defaulters#39; dues fall marginally to Rs 15,075 crore at Aug-end

According to the list of wilful defaulters who took loans of Rs 25 lakh and more, Kudos Chemie Ltd and Kingfisher Airlines were the major borrowers with an outstanding amount of Rs 1,301.82 crore and Rs 597.44 crore respectively. from Moneycontrol Business News https://ift.tt/2QnB8Rm

ILFS crisis: MCA ensured swift change of guard with FinMin in agreement

Moneycontrol has seen a confidential report related to the ILFS crisis which was sent to Secretary of Ministry of Corporate Affairs from the Ministry of Finance on September 30. from Moneycontrol Business News https://ift.tt/2NZTpaw

Walmart may repeat #39;predatory behaviour#39; in India as well: CAIT to NCLAT

The CAIT, which has challenged the CCI#39;s approval of Walmart#39;s USD 16 billion acquisition of Flipkart, in its reply filed before the NCLAT has said that the US retail major "may cause an appreciable adverse effect on competition" in the domestic market post combination as its "predatory tendencies" would be on a much larger scale . from Moneycontrol Business News https://ift.tt/2P4EB7c

Germany to expand job-seeker visas, seeks skilled workers

The six-month visas, currently available to university graduates, will be expanded to migrants with professional qualifications, Interior Minister Horst Seehofer said after leaders of the governing coalition met from Moneycontrol Business News https://ift.tt/2IAHnig

GST collections likely to top Rs 1 lakh crore in November, December

he collections during November and December 2018 would reflect the sales and purchases made during the months of October and November 2018 from Moneycontrol Business News https://ift.tt/2IAHjiw

World stocks turn tail as Italy angst grips Europe

The euro extended losses to fall 0.6 percent to its lowest since Aug. 21 at $1.1504 and was last trading at $1.1509. from Moneycontrol Global Markets https://ift.tt/2NWA62a

GST collections likely to top Rs 1 lakh crore in Nov, Dec

he collections during November and December 2018 would reflect the sales and purchases made during the months of October and November 2018 from Moneycontrol Business News https://ift.tt/2zMea0P

Dr Reddy#39;s Labs sells rights of cloderm cream to EPI Health LLC

"Promius Pharma, LLC, has sold its rights of Cloderm (clocortolone pivalate) cream, 0.1 per cent and its authorised generic to EPI Health, LLC, an affiliate of EPI Group, LLC," DRL said in a statement from Moneycontrol Business News https://ift.tt/2IxubdD

Pepsi tops quarterly revenue estimates on Latin America strength

However, the company missed sales estimates for North America beverages, as well as for its Frito-Lay branded snacks. from Moneycontrol Business News https://ift.tt/2Nh7T0P

Oil trades near four-year peak ahead of sanctions on Iran

US West Texas Intermediate (WTI) crude futures were flat at $75.20 a barrel, having hit a four-year high of $75.91 earlier in the session from Moneycontrol Business News https://ift.tt/2xTRpXt

Nearly Rs 2,000 crore spent on salaries and perks of MPs in 4 years

While Rs 71.29 lakh was spent on an average for a member of Lok Sabha, Rs 44.33 lakh was spent on a Rajya Sabha member from Moneycontrol Economy News https://ift.tt/2P3ovuz

Most stocks likely to consolidate in October, time to rebalance portfolio after recent sharp fall

Prashanth Tapse of Mehta Equities said investors are advised to rebalance their portfolios by going slightly #39;risk off#39; at this stage from Moneycontrol Business News https://ift.tt/2P4uDCS

NAREDCO inks pact with Housing and Urban Affairs ministry for skill training

Around 2.5 lakh will be trained under this programme from Moneycontrol Business News https://ift.tt/2O0c1Hy

Brexit uncertainty weighs on Jaguar#39;s electric car investment decision

The firm could also move its annual summer-time shutdowns to the spring to handle any disruption from a disorderly Brexit after Britain leaves the bloc at the end of March 2019 although no decision has been taken from Moneycontrol Business News https://ift.tt/2NXYO29

Moneycontrol Ultimate Business Quiz #46: Test your knowledge

Take a shot at the Moneycontrol Ultimate Business Quiz. Check how many you get right. from Moneycontrol Business News https://ift.tt/2y9LhJM

Lingokids raises $7.3 million funding from HV Holtzbrinck Ventures, others

The funding round also saw participation from existing investors JME Venture Capital, Sabadell Ventures, Big Sur Ventures and Gwynne Shotwell, President and COO of SpaceX. from Moneycontrol Business News https://ift.tt/2IysUmL

Govt considering 100% FDI in insurance broking

The FDI policy, at present, allows 49 percent foreign investment in the insurance sector that encompasses insurance broking, insurance companies, third party administrators, surveyors and loss assessors as defined by the Department of Industrial Policy and Promotion (DIPP). from Moneycontrol Business News https://ift.tt/2NW8mdP

Royal Enfield#39;s Oragadum plant operational from Sep 29: Eicher Motors

A part of workforce at the plant was not reporting for duty since September 24 from Moneycontrol Business News https://ift.tt/2y0A4ML

Amazon to raise minimum wage to $15 for US employees

The increased raise comes at a time when the "Fight for Fifteen" movement, a union-led push for a $15 minimum wage has been gaining traction in cities across the country from Moneycontrol Business News https://ift.tt/2IxkEnc

Positive on sustaining double-digit growth: Barco India MD Rajiv Bhalla

The large video walls that Barco supplies in 90 countries are made in India. It will continue to invest in Ramp;D here and leverage its local manufacturing capabilities. from Moneycontrol Business News https://ift.tt/2xSZ2xa

PE player True North to hawk Glenmark#39;s ortho, pain drugs under new entity

The new entity named as #39;Integrace Private Ltd#39; will market the product portfolio in India and Nepal, Glenmark said in a statement from Moneycontrol Business News https://ift.tt/2yav9Yy

Massive Canada LNG project gets green light as Asia demand for fuel booms

First gas from the project is expected before 2025, aiming to feed an expected surge in demand for the cleaner, super-chilled fuel from hungry Asian buyers, mainly China. from Moneycontrol Business News https://ift.tt/2OyDYpC

ECB calls for clearer common EU rules to combat money laundering

An EU regulation is directly applicable in the 28 member states, but EU rules against money laundering are currently defined in directives which give governments broad leeway in their application, which has resulted in different levels of enforcement and gaps in the EU framework. from Moneycontrol Business News https://ift.tt/2Ix3Jkl

Dr Reddy#39;s arm sells specialty skin cream Cloderm to EPI Health

Dr Reddy#39;s acquired Cloderm Cream from Valeant Pharmaceuticals in April 2011 for an undisclosed amount from Moneycontrol Business News https://ift.tt/2OyE7JG

Russian oil output hits post-Soviet high in September

It rose from 11.21 million bpd in August and topped the record high 11.247 million bpd hit in October 2016 which served as Russia#39;s baseline for a deal curbing output alongside other producers which began in January 2017 aimed at stabilising the oil markets. from Moneycontrol Business News https://ift.tt/2IBOJ57

US SC declines Vinod Khosla#39;s appeal in California beach access suit

The high court#39;s denial leaves intact a state appellate decision requiring Sun Microsystems co-founder Vinod Khosla to apply for a California Coastal Commission permit to restrict public entry to Martins Beach in San Mateo County, south of San Francisco. from Moneycontrol Business News https://ift.tt/2xRDj96

Twitter India unveils #39;Gandhi Emoji#39;

The emoji will be available till October 8, 2018, it added from Moneycontrol Business News https://ift.tt/2NUlZdD

ONGC waiting for right price to offload stake in IOC, GAIL

ONGC#39;s 13.77 per cent stake in IOC at Monday#39;s closing price of Rs 153.80 apiece on BSE is worth over Rs 20,500 crore. Its 4.86 per cent stake in GAIL is worth close to Rs 4,200 crore at Monday#39;s closing price of Rs 380.75 from Moneycontrol Business News https://ift.tt/2zLm3Ud

ILFS timeline: When and what happened so far

ILFS group is reeling under huge outstanding debt worth Rs 91,000 crore and planning to sell assets to raise funds. Of the total debt, about Rs 57,000 is from public sector banks from Moneycontrol Business News https://ift.tt/2NgmOrR

Village Financial targets Rs 1500 crore disbursements in FY19

In September 2018, VFS had disbursed the highest monthly amount of Rs 192.5 crore from Moneycontrol Business News https://ift.tt/2Oqr8JS

Elon Musk to workers: Perform for profit, prove #39;naysayers wrong#39;

Tesla founder is telling his employees to work hard on the last day of the quarter to prove "the naysayers wrong" from Moneycontrol Business News https://ift.tt/2DPZ0f4

Hero MotoCorp sales up 7% at 7.69 lakh units in September

The company had sold 7,20,739 units in the corresponding month last year. from Moneycontrol Business News https://ift.tt/2O0k7A7

Jubilant Life Sciences to invest about Rs 550 crore in capex in FY19

The company is present across three major business segments namely pharmaceuticals, life science ingredients and drug discovery solutions. from Moneycontrol Business News https://ift.tt/2NTV3KZ

Mazda aims for all of its vehicles to be electric hybrid, EVs by 2030

The Japanese automaker joins a growing number of global automakers who are planning to reduce emissions by producing more gasoline-hybrid vehicles, plug-in hybrids and battery EVs from Moneycontrol Business News https://ift.tt/2xQ7FZy

Gati in talks with TVS Logistics to sell 70% stake in Kintetsu JV for Rs 2,000cr

Gati is expected to sell its entire 70 percent stake in Gati-Kintetsu Express from Moneycontrol Business News https://ift.tt/2DPFuzh

ILFS board revamp: Govt is cleaning up financial institutions, says SBI Chairman

The National Company Law Tribunal approved the takeover of ILFS board by government nominees on October 1 from Moneycontrol Business News https://ift.tt/2IwGl6G

Trump threatens China with more tariffs, says no trade deal till Beijing plays fair

Referring to his trade war with China, Trump told reporters at a White House news conference that China wanted to talk to the US very badly, but he was not ready yet from Moneycontrol Business News https://ift.tt/2xQ5164

ILFS board takeover: Govt in clean up mode of financial institutions, says SBI Chairman

The National Company Law Tribunal approved the takeover of ILFS board by government nominees on October 1 from Moneycontrol Business News https://ift.tt/2OqlxDk

NAFTA replacement deal lifts Dow, SP; Nasdaq negative

October is traditionally one of the tougher months for the SP, although LPL Financial#39;s senior market strategist Ryan Detrick points out the SP 500 has averaged a 3.3 percent return during October in midterm election years. from Moneycontrol Global Markets https://ift.tt/2Oqa6eS

Asia stocks slip as NAFTA lift fades; oil near four-year highs

China#39;s financial markets are closed for the week of Oct. 1-5 for national holidays. from Moneycontrol Global Markets https://ift.tt/2DMDCHs

Trump threatens new tariffs on China, says no trade deal with Beijing

Referring to his trade war with China, Trump told reporters at a White House news conference that China wanted to talk to the US very badly, but he was not ready yet from Moneycontrol Business News https://ift.tt/2xUF05x

Arun Jaitley desperate to cover up govt #39;thievery#39; in ILFS case: Congress

Congress President Rahul Gandhi also hit out at the government over the ILFS issue and called it a #39;scam#39; from Moneycontrol Business News https://ift.tt/2NeVt9B

Fuel prices continue to rise: Petrol at Rs 91.20/litre in Mumbai, Rs 83.85 in Delhi

The prices of petrol and diesel in Chennai hit Rs 87.18 and Rs 79.57 per litre respectively after a rise of 13 paise and 17 paise respectively from Moneycontrol Economy News https://ift.tt/2NejUUA

The garage days: Multi-billion dollar companies that had humble beginnings

It is hard to believe that some of the leading companies in the world started out struggled to stay afloat. Not only were they denied the luxuries of their contemporary offices, but acute financial conditions forced them to operate from the most unconventional places. Here are ten companies that started from the place that is meant to park cars from Moneycontrol Business News https://ift.tt/2Orqw6G

Qatar#39;s beIN demands $1 bn compensation for Saudi #39;piracy#39;

It is the latest escalation in a long-running dispute over illegal broadcasts fuelled by a bitter and ongoing diplomatic crisis between Qatar and Saudi Arabia. from Moneycontrol Business News https://ift.tt/2IvOico

HMSI sales fall marginally to 5,55,730 units in September

Despite the 0.25-percentage fall in the volume, this is the fourth month this fiscal year that the company has sold more than 5 lakh units, HMSI said in a statement. from Moneycontrol Business News https://ift.tt/2y43xV2

Vedanta delists from London Stock Exchange amid protests

Volcan Investments Ltd, controlled by Agarwal as Executive Chairman, had announced a successful buyout of the company#39;s shares last month. from Moneycontrol Business News https://ift.tt/2xRv64J

IMF chief Christine Lagarde urges countries to build global trade system that is stronger, fairer and fit for future

Lagarde made the remarks in a major policy speech at the International Monetary Fund headquarters here ahead of the annual fall meeting of the IMF and the World Bank in Bali later this month. from Moneycontrol Economy News https://ift.tt/2DMN5ie