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Showing posts from August, 2018

Sebi fines five entities Rs 55 lakh for fraud trade

Sebi during the period from April 2010 to August 2011 examined the alleged violations by the entities regarding the irregular trading in shares of CAT Technologies. from Moneycontrol Business News https://ift.tt/2wveRK1

Google Assistant can now understand, speak two languages at once

The virtual assistant will be able to speak a combination of English, French, German, Italian, Japanese and Spanish. from Moneycontrol Business News https://ift.tt/2wAtlrd

Government orders inspection of books of Jet Airways: P P Chaudhary

"The ministry has ordered an inspection of books and papers under Section 206(5) of Jet Airways on August 30, 2018," Chaudhary said in an interview. from Moneycontrol Business News https://ift.tt/2LHcJmZ

Primary aluminium production up 18.2% to 915 KT in Q1: Report

Production has increased despite the challenges like coal shortage during the monsoon and increase in the prices of furnace oil, Care Ratings said in its report. from Moneycontrol Business News https://ift.tt/2wqmgKz

GDP growth to exceed 7.5% this fiscal, says Finmin

The country#39;s economy is on steady growth path, Economic Affairs Secretary S C Garg said while commenting on the April-June quarter growth number. from Moneycontrol Economy News https://ift.tt/2NBEfUI

Opinion | Election-induced spending stimulus could be key to sustaining GDP growth

Soaring oil prices and a sliding rupee could apply brakes on the economy. That said, don’t rule out a bump up in public spending in the coming months which can potentially sustain the momentum from Moneycontrol Economy News https://www.moneycontrol.com/news/economy/opinion-|-election-induced-spending-stimulus-could-be-key-to-sustaining-gdp-growth_11369941.html

Dharmendra Pradhan blames #39;isolated#39; American policies for fuel price rise

He said the Centre is concerned about the spiralling prices of petrol and diesel and is taking all measures to check them. from Moneycontrol Economy News https://ift.tt/2N23AKE

Q1 growth validates strong fundamentals of economy, says Bibek Debroy

The Indian economy grew at 8.2 percent in the first quarter of 2018-19 on good show by manufacturing and farm sectors. from Moneycontrol Economy News https://ift.tt/2MDMPGa

Forex reserves rise by $445.4 million to $401.293 billion

The reserves had been declining in the past few weeks as the Reserve Bank of India (RBI) is selling the US dollar to contain depreciation in the rupee, which breached the 71 mark against the greenback today, its lowest ever. from Moneycontrol Economy News https://ift.tt/2wwxTQ1

Forex reserves rise by $445.4 million to $401.293 billion

The reserves had been declining in the past few weeks as the Reserve Bank of India (RBI) is selling the US dollar to contain depreciation in the rupee, which breached the 71 mark against the greenback today, its lowest ever. from Moneycontrol Economy News https://ift.tt/2NH31CQ

KEC International bags Rs 1,010 crore orders

KEC International has secured orders worth Rs 491 crore across India, middle east and the America, while the cables business has secured contracts of Rs 250 crore for various types of cables, KEC said in a statement issued here. from Moneycontrol Business News https://ift.tt/2N0VIsT

Reliance Infrastructure settles Rs 2,640 crore Maharashtra government dues

The payment was made in two instalments through GRAS (Government Receipt Accounting System) payment system on August 29 and August 30, it added. from Moneycontrol Business News https://ift.tt/2C5cwdU

Toyota Kirloskar sales up 11.47% in August

The company sold a total of 14,100 units in the domestic market in August 2018. It had sold 12,017 units in the domestic market in the same period last year, TKM said in a statement. from Moneycontrol Business News https://ift.tt/2PTyxzi

Google planning mid-tier Pixel phone, will take on OnePlus in India: Report

Google is working on a mid-range Pixel smartphones aimed mainly towards India and emerging markets from Moneycontrol Business News https://ift.tt/2NctZ8N

Buyer of government#39;s 51% stake in Pawan Hans can decline ONGC#39;s 49% holding

Responding to queries raised by bidders, the government clarified today that existing interested bidders need not resubmit their bids for Pawan Hans, which has a fleet of 46 choppers. from Moneycontrol Business News https://ift.tt/2NFCrKI

Health insurance for differently-abled persons

Both the government as well as private insurance companies have policies designed for the differently-abled segment from Moneycontrol Business News https://ift.tt/2PStleU

MCX case: Sebi disposes of show-cause notices against 4 persons

It was alleged in the show-cause notices that these four individuals had sold shares of Multi Commodity Exchange (MCX) and had failed to make necessary disclosures under PIT (Prevention of Insider Trading) norms. from Moneycontrol Business News https://ift.tt/2CfXJNN

Ind-Ra maintains stable outlook for auto sector for rest of FY19

India Ratings and Research (Ind-Ra) however said an upward trend in interest rate and fuel prices would increase cost of ownership for end-consumers and hence curtail PV demand to a certain extent and also affect smaller CV fleet operators. from Moneycontrol Economy News https://ift.tt/2NDof4z

India#39;s growth engine picks pace: GDP expands 8.2% in June quarter, highest in two years

India also cemented its status as the world’s fastest growing major economy, ahead of China, which grew 6.7 percent in April-June 2018. from Moneycontrol Economy News https://ift.tt/2Pm0sXg

Banks will have to #39;abort#39; lending to infrastructure sector, power companies, warns SBI

The power sector loans are facing a slew of problems due to a changes in non-performing assets recognition after the February 12 RBI circular, which was upheld by the Allahabad High Court last week. from Moneycontrol Business News https://ift.tt/2N2UNbg

Telecom Commission approves norms for network testing; caps trials at 180 days

The Telecom Commission which is the highest decision-making body of the Communications Ministry also decided to ask the telecom regulator to prescribe a framework for testing of fixed line services. from Moneycontrol Business News https://ift.tt/2LJIHiD

Idea Vodafone merger a big corporate milestone, market heading for stability: Telecom Secretary

Telecom Secretary Aruna Sundararajan sought to allay any fears of cartelisation in the market saying it is "unlikely". from Moneycontrol Business News https://ift.tt/2LKpH3s

JPVL board approves hike in authorised capital, conversion of Rs 4,000 crore debt into equity

The board has approved alteration of clause V of the memorandum of association of the company to increase the authorised share capital of the company from Rs 10,050 crore to Rs 20,050 crore, a BSE filing said. from Moneycontrol Business News https://ift.tt/2oqNc8H

PNB plans to sell entire NSE stake for over Rs 48 crore

Bank#39;s subsidiary PNB Investment Services Limited (PNBISL) has invited bids from merchant bankers on behalf of PNB to arrange for investors. from Moneycontrol Business News https://ift.tt/2MCmQyZ

Railways likely to miss August #39;22 bullet train deadline, mulls opening shorter route

A source said that "a more realistic deadline" for the bullet train project could be 2023, a year from the present deadline. from Moneycontrol Business News https://ift.tt/2PYckjE

Godrej Aerospace delivers first of 100 airframes for BrahMos

Godrej had won the orders for 100 sets of airframes for the air-launched missile in December 2017 from the DRDL. from Moneycontrol Business News https://ift.tt/2wsbaVu

July core industries output at 6.6%

June eight core industries growth was revised from 6.7 percent to 7.6 percent. from Moneycontrol Business News https://ift.tt/2NBIMqk

IBA elects PNB#39;s Sunil Mehta as chairman

The managing committee of the banking lobby has also elected Bank of India#39;s managing director and chief executive, Dina Bandhu Mohapatra, as the deputy chairman, an official release said today. from Moneycontrol Business News https://ift.tt/2wxkoQ9

India#39;s growth engine picks pace: GDP expands 8.2% in June quarter, highest in three years

India also cemented its status as the world’s fastest growing major economy, ahead of China, which grew 6.7 percent in April-June 2018. from Moneycontrol Economy News https://ift.tt/2PQG2a6

60% Indian, global investors to allocate $100 million for distressed deals: Report

PwC conducted a detailed survey among private equity funds, asset reconstruction companies and strategic investors, both in India and abroad-to collate investor perspectives. from Moneycontrol Economy News https://ift.tt/2PUq0fs

Government finances show improvement in July

In actual terms, the fiscal deficit or gap between the total expenditure and receipts was Rs 5.4 lakh crore in the first four months of 2018-19 financial year. from Moneycontrol Economy News https://ift.tt/2PpUEfH

SBI says rupee still overvalued, no need to panic

The rupee has been the worst among the large emerging market peers, losing over 10 percent from the beginning of the year. from Moneycontrol Economy News https://ift.tt/2NxycR5

Smartworks pumps $20 million in 18 co-working centres

The company has become profitable with its revenue rising 15 percent month-on-month, Smartworks founder Neetish Sarda said. from Moneycontrol Business News https://ift.tt/2orQad6

Jindal Stainless Group aims 15-20% jump in topline in FY19

The Group#39;s turnover during the last fiscal was around Rs 20,000 crore from sales of 1.4 million tonnes of steel products. from Moneycontrol Business News https://ift.tt/2Pn7nQi

Circular Trades: Sebi imposes fine of Rs 16 lakh on two individuals

In three separate but similarly worded orders, the regulator imposed a total fine of Rs 10 lakh on Sunil Purohit and Rs 6 lakh on Haresh Posnak for violation of PFUTP. from Moneycontrol Business News https://ift.tt/2ws4Ihe

Income Tax dept asks Walmart to pay tax for Flipkart deal by September 7: Report

On August 18, Walmart said it has completed the $16-billion deal to acquire a 77 percent stake in Flipkart. from Moneycontrol Business News https://ift.tt/2PUpXQO

LT to seek shareholders#39; nod to buyback shares worth up to Rs 9,000 crore

"The total number of equity shares to be bought back would hence be 6,00,00,000 equity shares," it said. from Moneycontrol Business News https://ift.tt/2LKcYhc

Congress blames Centre#39;s #39;failed#39; policies for depreciation of rupee

Congress chief spokesperson Randeep Surjewala said the failed "Modinomics" has dealt a body blow to the economy. from Moneycontrol Economy News https://ift.tt/2C2vMsE

Modi government selling petrol, diesel cheaper abroad: Congress

"The Modi government is selling cheap petrol and diesel to foreign countries, as Indians suffer due to the all-time high prices," he said. from Moneycontrol Economy News https://ift.tt/2PiZVpd

JK Paper announces lockout at its manufacturing unit in Odisha

It further said, "The company, due to their continued illegal and unlawful activities of stoppage of work, has declared a lockout with effect from today August 31, 2018, at the said unit and it shall continue till further notice in this regard". from Moneycontrol Business News https://ift.tt/2PT42cv

Sebi fines Vital Communications, 4 directors Rs 5 lakh for non compliance

"A penalty of Rs 5 lakh is imposed jointly and severally" on Vital Communications Ltd (VCL), its four directors, Manoj Kumar, Shyam Sunder Sabharwal, Kalpana and Roop Singh, Sebi said in an order dated August 30. from Moneycontrol Business News https://ift.tt/2PlKDjk

Exporters apprehensive of taking orders from Iran due to US sanctions: FIEO

"There is huge exports potential in Iran but we are facing payment problems due to the US sanctions. Exporters are very apprehensive of taking orders. Future exports to Iran are looking uncertain," Gupta said. from Moneycontrol Business News https://ift.tt/2PiZWJN

Lupin gets USFDA nod for generic Potassium Chloride Oral Solution

The company#39;s product is generic version of Genus Lifesciences Inc#39;s Potassium chloride oral solution in the same strengths, it added. from Moneycontrol Business News https://ift.tt/2wx4MMx

An evening walk down Dalal Street | Sensex ends flat, Nifty fails to hold 11,700 on Day 1 of September series

A weak rupee, higher crude oil prices along with selloff in midcaps were one of the major reasons behind the downtrend on the market. from Moneycontrol Market Reports https://www.moneycontrol.com/news/local-markets/an-evening-walk-down-dalal-street-|-sensex-ends-flat-nifty-fails-to-hold-11700day-1september-series_11368261.html

Ravi Shankar Prasad seeks Google#39;s support for spreading digital awareness among Indian farmers

The plan to seek greater involvement in the digital inclusion programmes, including "Digital Village" initiative to empower millions of people in the country was also discussed. from Moneycontrol Business News https://ift.tt/2C42QQR

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

The curbs are the latest challenge for Tencent, China#39;s largest gaming and social media firm, which earlier this month blamed a freeze on new game approvals for the technology giant#39;s first quarterly profit fall in nearly 13 years. from Moneycontrol Business News https://ift.tt/2wujYdk

Tencent loses $20 billion in value after China attacks myopia with gaming curbs

The curbs are the latest challenge for Tencent, China#39;s largest gaming and social media firm, which earlier this month blamed a freeze on new game approvals for the technology giant#39;s first quarterly profit fall in nearly 13 years. from Moneycontrol Business News https://ift.tt/2Cb2qIi

IDBI Bank approves issuance preference shares to LIC

At present, insurance behemoth LIC holds 7.98 percent stake in the public sector bank. from Moneycontrol Business News https://ift.tt/2orkhB2

Brands battle on Twitter to cash in on Zomato#39;s viral Radhika Apte tweet

The creative posted on Wednesday with a caption, ‘And you thought only Radhika is versatile’ got traction on Twitter and prompted some weirdly funny replies. from Moneycontrol Business News https://ift.tt/2wCGuQo

Oil prices set to rise further, says IEA#39;s Fatih Birol

India needs to diversify its sources of oil supply and use biofuels, Birol said in an interview from Moneycontrol Business News https://ift.tt/2otaSJf