RBI Rate Cut Likely In 2019-20 First Monetary Policy Review: Experts
At its final bi-monthly policy review of the last fiscal year in February, RBI voted to lower its repo rate by 25 bps to 6.25 per cent
GDL acquires Blackstone stake in GatewayRail for Rs 850 crore
GDL has also acquired shares from the management of GatewayRail and with this GDL shareholding in GatewayRail is now 99.93 percent, on a fully diluted basis.
NPA to improve by 180 bps to 8.5% in FY20 on PSB revival: Crisil
A slump in advanced economies as well as government spends on infra may lead to a moderation in the credit ratio in FY20.
Kellogg to sell Keebler cookie unit, other assets to Ferrero for $1.3 billion
Kellogg is also selling its fruit-flavored snacks, pie crusts and ice-cream cones businesses to Ferrero as part of the deal.
NMDC surpasses 30 MT output, sales in FY’19
The state-run company has produced 32.44 MT and recorded sales of 32.38 MT iron ore during the just concluded fiscal.
Himachal Futuristic Communications settles GDR manipulation probe with Sebi, pays Rs 1.14 crore
The regulator had initiated adjudication proceeding against the firm in June 2018.
Adani Enterprises incorporates JV company for mining in Chhattisgarh
The JVC has been named as Gidhmuri Paturia Collieries Pvt Ltd, it said in a regulatory filing.
Japan Inc’s inflation expectations stagnate in blow to BOJ
Companies expect consumer prices to have risen 0.9 percent a year from now, unchanged from their projection three months ago, according to a quarterly survey by the BOJ.
ThyssenKrupp, Tata Steel Offer Concessions To Allay EU Concerns
Tata Steel may sell parts of its European packaging activities Tata Steel Europe which makes packaging steel for food.
Oil Rises On Iran Sanctions Threat, Venezuela Shutdown
Brent crude rose 26 cents, or 0.4 per cent, to $69.27 a barrel by 0025 GMT, having earlier touched $69.29, a new high for 2019.
SC strikes down RBI’s February 12 circular on NPAs
The RBI circular directed lenders to refer loan accounts over Rs 2,000 crore under the Insolvency and Bankruptcy Code if it is not resolved in 180 days of default
Flipkart to set up R&D centre in Israel to boost tech presence: Report
Tata Motors Shares Surge As Sales Rise 16% In FY19
Tata Motors commercial vehicle sales in the domestic market for FY19 (April 2018 – March 2019), recorded a growth of 17 per cent with 468,692 units.
Tera Software hits 20% upper circuit on getting Rs 422-cr order
Tera Software was the lowest bidder for work contract worth Rs 422.85 crore
Google India’s Vice President Rajan Anandan To Leave Company: Report
Vikas Agnihotri, country director, sales, will replace Mr Anandan in the interim for Google India, Google Asia Pacific President Scott Beaumont said.
Polycab India Sets Price Band At Rs 533-538/Share
RBI to SC: Lenders more empowered to decide own Resolution Plans Approval threshold of 100% lenders misconceived 180 days reasonable period for resolution, Circular is Generic.
RBI To Decide On Required Action After Supreme Court Order: Arun Jaitley
Earlier on Tuesday, the Supreme Court quashed the Reserve Bank of India (RBI) circular February 12, 2018, on company insolvency
Bajaj Auto: Total Sales At 3.93 Lk Units vs 3.34 Lk Units, Up 17.6% YoY FY19
Sales At 5.02 Mn Units vs 4 Mn YoY Total Exports At 1.34 Lk Units vs 1.30 Lk Units, Up 3.08% YoY
Annai Infra Developers files draft papers to float IPO
The Tamil Nadu-based company’s IPO is of up to 1 crore equity shares of face value of Rs 10 each at a price band to be decided later, according to the Draft Red Herring Prospectus (DRHP).
Google India’s Rajan Anandan To Join Sequoia Capital
Before joining Google, Rajan Anandan led Microsoft and Dell in India and was earlier a Partner at McKinsey & Co in Chicago.
Rail Vikas Nigam Limited IPO Subscribed Over 40% On Day 2
Rail Vikas Nigam Limited is selling shares in the price band of Rs 17-19 aggregating to the issue size of Rs 430.87 crore – Rs 481.57 crore.
Axis AMC secures Rs 400 cr for new realty fund
The announcement comes at a time when the realty sector is passing through a tough phase with worries on the residential side which is grappling with unsold inventories.
Larsen Finance to raise Rs 1,000 cr via NCDs
The base size of the issue, which is the second tranche, is Rs 500 crore with an option to retain oversubscription of up to Rs 500 crore, the company said in a statement Tuesday.
“Precarious” Global Rebound Expected In Late 2019: IMF’s Christine Lagarde
In January, IMF had already lowered its expectations several notches from a prior outlook, calling for global GDP to expand by 3.5% this year and next
BSE stock options: Sebi slaps Rs 50 lakh penalty on broker for fraud
The firm is found to have violated PFUTP (Prohibition of Fraudulent and Unfair Trade Practices) regulations.
Financial Analytics market to reach $11.4 bn by 2023: Report
BFSI vertical is undergoing significant transformation while facing challenges due to stringent regulations and increasing customer demands.