Blue Star Standalone June 2019 Net Sales at Rs 1,470.67 crore, up 6.34% Y-o-Y
Vakrangee Standalone June 2019 Net Sales at Rs 110.61 crore, down 88.9% Y-o-Y
Indian Startup With New Version Of Call Centres Raises $51 Million
Umesh Sachdev, 33, founded the company in 2008 with his engineering classmate Ravi Saraogi.
Consumer Inflation At 3.15% In July
The RBI projects retail inflation at 3.1% in the second quarter and 3.5-3.7% in the second half of the current financial year.
Tata Capital Financial Services NCD attracts Rs 1,373 crore on Day 1
Godrej Ind Consolidated June 2019 Net Sales at Rs 2,845.06 crore, down 6.14% Y-o-Y
Retail Inflation In July Low Enough To Allow A Fifth Rate Cut: Experts
Retail inflation in July was 3.15 per cent, down from an eight-month high of 3.18 per cent in June, government data showed on Tuesday.
Centre Working On Stimulus Package To Address Economic Slowdown: Report
The stimulus is also likely to cover the financial markets that have shown volatility in recent weeks and particularly after the Budget presentation.
Reliance Capital in talks to sell residual stake in AMC
It is set to sell 21 per cent to Japanese joint venture partner Nippon Life.
Infosys to offer telematics solutions to Toyota Material Handling North America
As the development partner for TMHNA Global Telematics Solution (GTS), Infosys will enable remote monitoring and diagnostic capabilities including vehicle access control, system maintenance, condition sensing and location tracking, a statement said.
Amazon in advanced talks to buy 8-10% stake in Future Retail
When contacted, Amazon India said the company doesn’t comment on speculation, while Future Retail declined to comment.
Yes! Aramco paid a premium for RIL deal, and with good reason
India is the third-largest oil-consuming nation in the world after the US and China.
Here’s A Comparison Of Monthly Average Balance Requirements In Top Banks
Banks such as State Bank of India (SBI), HDFC and ICICI Bank charge a penalty from the customers failing to maintain the required monthly average balance in their savings accounts.
Repo rate linked home loan: A less expensive option for borrowers
Borrowers of repo-linked home loans are able to benefit from the cut in interest rates from the month after the RBI’s monetary policy.
China’s July steel output eases on environmental curbs, shrinking margins
The world’s top steelmaker produced 85.22 million tonnes of crude steel last month, data from the National Bureau of Statistics (NBS).
IBM, India’s Tata join US tech platform’s governing council
Backed by Digital Currency Group and hedge fund BlockTower Capital, Hedera raised $124 million in August last year amid a slumping cryptocurrency market.
EPFO eyes early redemption of DHFL bonds worth Rs 700cr.
Foreign Investors Face Wipeout As Rupee Becomes Asia’s Worst Performer
Any sell-off in foreign holdings of Indian corporate and government bonds may set off a spin which weakens the currency further.
CBS, Viacom To Reunite With Plans For Bigger Role In Streaming TV Wars
The new company will be named ViacomCBS Inc, although CBS shareholders will own 61 per cent and Viacom shareholders will own 39 per cent.
Glenmark Pharma hits 52-week low on weak Q1 results; stock down 8%
Earnings before interest, tax, depreciation and amortization (EBITDA) was down at Rs 341.9 crore, while margin fell 130 bps at 14.7 percent.
SHADO Group to invest $10 million in Pune factory to produce electric 3-wheelers
The group, which has its research and development centres in Singapore, Malacca and Bengaluru, is in the process of starting production.
Wholesale Inflation Eases To 1.08% In July
The wholesale inflation data comes a day after separate official data showed consumer inflation (gauged by the Consumer Price Index) eased to 3.15 per cent last month, from 3.18 per cent in June.
Netflix of aviation: This startup plans to introduce subscription-based flying
Prince Air will allow members to fly unlimited in chartered jets for a monthly subscription.
Wockhardt Q1 net loss narrows to Rs 45 crore
Total income of the company stood at Rs 871.19 crore during the quarter under review, down 14.18 per cent, from Rs 1,015.14 crore reported in the corresponding period of the previous fiscal, Wockhardt.
Ahluwalia Contracts bags construction order worth Rs 168 cr
Ahluwalia Contracts said the total order inflow during the current fiscal stood at Rs 430.23 crore.
Bond Rally Cut Shorts On Government Spending Fears
Since February, the Reserve Bank of India has cut the key policy rate by 110 basis points, which has pushed bond yields down significantly.
L&T plans to raise up to Rs 1,400 crore via NCDs
The company, however, did not elaborate on the reasons for raising funds.
Wockhardt Q1 net loss narrows to Rs 45 crore
The company had posted a net loss of Rs 89.18 crore in the same period a year ago.
Glenmark Pharma hits over 7-year low after Q1 profit misses estimates
The drug maker posted a 53 per cent drop in June-quarter profit to Rs 109 crore.
ICICI Bank Revises Fixed Deposit Interest Rates From Today
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act.
ONGC Q1: Net Profit At Rs 5904 Cr vs Rs 6144 Cr YoY Revenue From Ops At Rs 26,555 Cr vs Rs 27,213 Cr YoY Other Income At Rs 750 Cr EBITDA At Rs 13,529.73 Cr vs Rs 14,242 Cr YoY
Dr Reddy’s dips 8% after receiving Complete Response Letter from USFDA; Citi cuts target
Global brokerage Citi slashed price target to Rs 2,375 from Rs 2,540 per share, citing likely more delay in female contraceptive drug launch after fresh Complete Response Letter from US FDA.
J Kumar Infraprojects gains 10% after getting delisted as shell company
The share price declined 37 percent in the last one year.
JSPLCorporate Q1 Consol Net Loss At Rs 87.4 Cr vs Profit Of Rs 110 Cr YoY JSPL Q1
Consol Revenue At Rs 9946 Cr vs Rs 9665 Cr, Up 2.9% YoY JSPL Q1 EBITDA At Rs 2170 Cr
Coffee Day Enterprises To Sell Bengaluru Tech Park To Blackstone
Coffee Day said it entered a non-binding letter of intent with US-based private equity firm Blackstone for the sale.
IL&FS Cuts 43% Of Workforce Since October To Bring Down Costs
The company said that the measure has helped reduce its wage bill by nearly 47 per cent.
Reliance Industries’ Stake Sale To Saudi Aramco Credit Positive: Moody’s
In addition, RIL has announced it will sell a 49 per cent stake in its fuel marketing business in India to BP plc for $1 billion.
Monsoon Rains Above Average For Third Straight Week, Says Weather Office
Monsoon rains are crucial for farm output and growth as the agricultural sector forms about 15 per cent of the country’s $2.5-trillion economy.
CESC Q1FY20 consolidated net up 7% to Rs 231cr
GIC Re Q1 net profit falls 86% to Rs 109 crores
Trade Deficit Narrows To $13.43 Billion In July
Oil imports declined 22.15 per cent to $9.6 billion, and non-oil slipped by 5.92 per cent to $30.16 billion.
Edelweiss Financial To Raise $125 Million From US-Based Kora Management
Kora will invest $75 million in Edelweiss Financial’s advisory business and a further $50 million in Edelweiss Group, the shadow bank said.