Axis Bank hits new high; Infosys nears its record high

Axis Bank hit a new high of Rs 710, up 3%, while Infosys rose 3.5% to Rs 751, nearing its record high price of Rs 755 touched on October 1, 2018, on the BSE in the intra-day deal.

from Latest News http://bit.ly/2TkdO8R

Interim Budget 2019: Farm relief package on cards? Here's what to expect

Govt is expected to project economic growth of around 7.5% for the next financial year, while expanding capital spending on railways, roads and ports by 7-8%

from Latest News http://bit.ly/2HE0Y3V

Coca-Cola enters into 5-year partnership with International Cricket Council

The cola major is entering into the cricket space to be the worldwide non-alcoholic partner for the global cricketing body

from Latest News http://bit.ly/2TnfCOH

Anna Hazare's fast enters Day 2; Ralegan Siddhi locals observe bandh

Doctors conducted a check-up of Hazare and asked his caretakers to monitor the activist's condition closely

from Latest News http://bit.ly/2BdO3jC

Ind vs NZ 4th ODI: One of our worst batting performances, says Rohit Sharma

In the absence of talismanic skipper Virat Kohli, who has been rested after the side claimed an unbeatable 3-0 lead in the five-match series, India's much-vaunted batting was dismissed for 92 in 30.5

from Latest News http://bit.ly/2G0IGZo

Kerala to launch e-mobility fund, targets one million e-vehicles by 2022

State capital Thiruvananthapuram to switch over completely to electric buses next fiscal, subsidy for 10,000 autorickshaws proposed

from News http://bit.ly/2GgEsw1

Coca-Cola announces 5-year sponsorship partnership with ICC

Coca-Cola president T. Krishnakumar said: “We want to be relevant globally with our portfolio of brands. Our strategic partnership with ICC reinforces our association with global sporting events.”

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2FZXQhi

Bulldog rolls out large-format shower gel in recycled bottle

Original, Lemon & Bergamot, Peppermint & Eucalyptus, and Vetiver & Black Pepper will roll out in mid-February

from The Grocer - latest headlines http://bit.ly/2Rt8kan

Airtel Africa completes $200-million funding deal with Qatar sovereign fund

With this fresh investment, the overall debt of Bharti Airtel will reduce to $3.5 billion

from Latest News http://bit.ly/2BfDBbr

Essel promoters to make good shortfall in collateral for YES Bank loan

The group has pledged shares of Dish TV which are not adequate under RBI norms

from Latest News http://bit.ly/2Wv3KMp

NEET PG Result 2019 to be out at nbe.edu.in; here's how to check score

The NEET PG 2019 exam was conducted on January 6 at various test centres across India.

from Latest News http://bit.ly/2GcGzkn

At $21.4 bn, Royal Dutch Shell's 2018 profits jump to 4-year high in 2018

Shell's 2018 profits rose 36 per cent to $21.4 billion, beating the $20.98 billion in a company-provided forecast

from Latest News http://bit.ly/2TngrqL

Ramgarh bypoll result: Congress wins, touches 100 tally in Rajasthan

Congress candidate Shafia Khan won by a margin of 12,228 votes after polling 83,311 votes

from Latest News http://bit.ly/2MHE7DH

'Eat them to defeat them' veg campaign makes an impact

Selling veg to kids is hard – ask any parent

from The Grocer - more product marketing news & analysis http://bit.ly/2BeRxT5

Finance ministry says it will be 'interim' budget, rejects 'confusion'

Issues clarification after reports suggest a sense of confusion among govt officials and media

from http://bit.ly/2G8mgVb

Brace for Interim Budget day volatility: What to expect on February 1

In the past 20 Budget sessions, the market has ended with gains only on eight occasions

from http://bit.ly/2WvnrUs

In pictures: Finance Ministers who presented budgets since Independence

Piyush Goyal is the 25th finance minister to present India Budget on the floor of the House since Independence. Before Budget 2019, as many as 89 Union Budgets, including interim, have been presented.

from http://bit.ly/2DK7brc

Budget session LIVE: Rafale jets will strengthen our Air force, says Kovind

The Budget session is expected to be a stormy one, with Lok Sabha elections just around the corner. Catch LIVE updates on Budget 2019 session

from http://bit.ly/2Gh7knw

Kerala fiscal condition not looking good, lowest growth in 3 decades: Issac

State FM says trend may continue in FY20, expenditure can't be curbed since Kerala is yet to fully recover from aftermath of floods; govt pegs loss at Rs 15,000 cr

from News http://bit.ly/2TnlfMR

2019 polls: Why govt should aim to create jobs, not offer basic income

For all the talk of helping the poor in the next budget, politicians would do better to make the breakthrough reforms that would create jobs

from News http://bit.ly/2HQwEDg

1 in 6 elementary school teachers not professionally trained in India

Teacher training is imperative for improving learning outcomes in Indian classrooms

from News http://bit.ly/2MHCVjN

ICICI Bank board under fire for giving clean chit to Chanda Kochhar

On March 28 last year, the board, led by M K Sharma, had said there was no favouritism or conflict of interest in granting loans to Videocon Industries or to any other company by the bank

from News http://bit.ly/2MFBKkz

From April 1, new H-1B visa rules will favour those with higher education

H-1B visa, popular among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise

from News http://bit.ly/2MI08Ci

Govt arms DIPP with policy oversight to assume singular control over retail

The new Department of Industrial Promotion and Internal Trade will be in charge of both e-commerce and physical retail

from News http://bit.ly/2SesPvF

In pictures: Finance Ministers who presented budgets since Independence

Piyush Goyal is the 25th finance minister to present India Budget on the floor of the House since Independence. Before Budget 2019, as many as 89 Union Budgets, including interim, have been presented.

from News http://bit.ly/2DK7brc

Trai asks DTH firms to allow customers with long-term packs to continue

Trai has unveiled a new tariff order and regulatory regime for the broadcast and cable sector, which would pave the way for consumers to opt for channels they wish to view, and pay only for them

from News http://bit.ly/2Bl7DuD

Renewable energy set to witness 10,000 Mw capacity addition in FY20: Report

Renewable energy sector, especially wind and solar segments remain exposed to near term challenges

from News http://bit.ly/2Sekgkz

SBI Research report backs govt to meet fiscal deficit target this year

The report also pegged fiscal deficit for FY20 at 3.2 per cent

from News http://bit.ly/2WrO9Nz

Members who quit NSC never expressed reservations during meetings: Govt

The statement comes in the wake of two independent members of the NSC, P C Mohanan and J V Meenakshi, quitting the Commission over disagreements with the government

from News http://bit.ly/2UnulsM

DIPP renamed 'Department for Promotion of Industry and Internal Trade'

The move comes amidst a demand by traders' body CAIT for forming a separate ministry for internal trade

from News http://bit.ly/2HEhFw9

Waitrose appoints Leicester-Thackara as transformation director

Leicester-Thackara has been interim finance director since October

from The Grocer - latest headlines http://bit.ly/2TmcJxB

Spar retail sales in the UK increase by 2.1%

Sales from the 2,613 Spar stores in the UK recorded sales in excess of £2.9bn

from The Grocer - latest headlines http://bit.ly/2BbTOyx

B&M continues rollout of 'B&M Express' banner

The number has grown by 15 since The Grocer first reported on the appearance of the new banner

from The Grocer - latest headlines http://bit.ly/2FW33Xv

Morrisons to train up 500 extra fresh counter apprentices

Moves comes after Tesco revealed plans to scale back its food counter offering

from The Grocer - latest headlines http://bit.ly/2GcvP5p

Waitrose to offer quartet of Sir Ian Botham wines

Four wines from Botham’s portfolio, launched in 2018 through Benchmark Drinks, will be available from 4 February

from The Grocer - latest headlines http://bit.ly/2G7o0y1

ICICI Bank-Videocon loan controversy: Chanda Kochhar may have to return bonuses, ESOPs around Rs 350 cr to lender

The board of ICICI Bank had repeatedly given a clean chit to Kochhar in the past and refuted issues of conflict of interest.

from Latest News Business on Firstpost http://bit.ly/2Sew8TU

Sensex jumps over 200 points, Nifty up on positive cues from global markets; ICICI Bank, RIL, Tata Steel, SBI rally

Top gainers in the Sensex pack include ICICI Bank, RIL, Tata Steel, SBI, Tata Motors, NTPC, Vedanta and TCS, rallying up to 2.20 percent.

from Latest News Business on Firstpost http://bit.ly/2HI3zKq

Rupee gains 26 paise to 70.86 against dollar in early trade as Fed keeps rates unchanged

Fresh foreign fund inflows and positive opening in domestic equities also supported the rupee

from Latest News Business on Firstpost http://bit.ly/2Bbcnmo

E-commerce rules: Flipkart, Amazon make last-ditch efforts for extension of 1 February deadline

Change in e-commerce rules are expected to hit Amazon and Flipkart the hardest

from Latest News Business on Firstpost http://bit.ly/2Wxl9UB

Job quotas, loan waivers and now UBI promise: Populism is blinding economic prudence in Asia's third largest economy

A series of populist policies may help the politicians to win elections but they are certainly doing a disservice to the nation in the long-term.

from Latest News Business on Firstpost http://bit.ly/2BcPrTT

Oil extends gains into third session amid tighter U.S. supply

SYDNEY (Reuters) - U.S. oil prices edged up on Thursday to extend gains into a third session, with widely watched data showing signs of tightening supply in the United States

from Latest News Business on Firstpost http://bit.ly/2BaS5th

Global Markets: Asia stocks hit four-month high as Fed turns more cautious; dollar sags

By Shinichi Saoshiro TOKYO (Reuters) - Asia stocks rose to a four-month high on Thursday, tracking Wall Street, after the Federal Reserve pledged to be patient with further interest rate hikes, signalling a potential end to its tightening cycle amid signs of slowing global growth. The dollar struggled near a three-week trough against its major peers and U.S. Treasury yields were significantly lower as investors reacted to the Fed's change in tone

from Latest News Business on Firstpost http://bit.ly/2sWpfIo

Samsung Elec forecasts weaker 2019 earnings on slowing chip demand

SEOUL (Reuters) - Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said in a statement it expected "overall annual earnings to decline" this year, although sales of memory products and OLED panels would begin to revive in the second half. Operating profit was 10.8 trillion won ($9.7 billion) in the fourth quarter, in line with its estimates earlier this month

from Latest News Business on Firstpost http://bit.ly/2WEjUmS

Samsung Elec gives grim earnings outlook as quarter four profit falls 29 percent

SEOUL (Reuters) - Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. Operating profit was 10.8 trillion won ($9.7 billion) in the fourth quarter, in line with the 10.8 trillion won the company had estimated earlier this month. Revenue fell 10 percent to 59.3 trillion won, also in line with its earlier estimate.

from Latest News Business on Firstpost http://bit.ly/2RqSlJN

Tesla CFO leaves as automaker promises profits and cheaper cars

By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc warned on Wednesday it will need to begin building cars in China and lower the price of its Model 3 sedan to make money in every 2019 quarter, as it failed to meet Wall Street profit expectations at the end of 2018. The company also announced that its chief financial officer, Deepak Ahuja, would retire, extending a slide in shares after hours to nearly 6 percent. Chief Executive Elon Musk insisted that demand for the Model 3 was not an issue, as the company begins to ship the car to Europe and Asia from its Fremont, California factory

from Latest News Business on Firstpost http://bit.ly/2Uxrqy1

Corrected: Facebook profit beats Wall St, shares jump after hours

(Reuters) - (Corrects to show Facebook sees total revenue growth rate this quarter decelerating by mid-single digits, not to mid-single digits) Facebook Inc on Wednesday easily beat Wall Street's profit estimates, soothing investor concerns that increased spending on the privacy of its users would blunt growth.

from Latest News Business on Firstpost http://bit.ly/2FZhBFE

Goldman Sachs ditches single-use plastic products

By Elizabeth Dilts NEW YORK (Reuters) - Goldman Sachs Group Inc told employees on Wednesday it will no longer carry widely used, throw-away plastic items like water bottles or silverware in its offices and cafeterias as the U.S. bank tries to cut the amount of trash it puts in landfills. Starting last week, Goldman cafeterias and vending machines globally swapped out plastic soda and water bottles for aluminium cans, glass bottles and compostable cups to be used for fountain drinks, said Cindy Quan, Goldman Sachs Global Head of Environment Social and Governance

from Latest News Business on Firstpost http://bit.ly/2Gccstc

New York AG, governor probing Apple's response to FaceTime bug

(Reuters) - New York Governor Andrew Cuomo and new Attorney General Letitia James on Wednesday said the state was probing Apple Inc's failure to warn consumers about a FaceTime bug that lets iPhones users see and hear others before they accept a video call. The bug, which Reuters has been able to replicate, allows an iPhone user placing a call using Apple's FaceTime video-calling feature to hear audio from the recipient's phone even if the call has not gone through. "We need a full accounting of the facts to confirm businesses are abiding by New York consumer protection laws and to help make sure this type of privacy breach does not happen again," Cuomo said in a statement.

from Latest News Business on Firstpost http://bit.ly/2G059FW

Facebook profit beats Wall Street, shares jump after hours

(Reuters) - Facebook Inc on Wednesday easily beat Wall Street's profit estimates, soothing investor concerns that increased spending on the privacy of its users would blunt growth. The world's largest online social media network has pledged to invest heavily in the privacy and security of its users after scandals over improperly shared data and propaganda hurt its image and made it the target of political scrutiny across the globe.

from Latest News Business on Firstpost http://bit.ly/2Tl2Pfu

Qualcomm shares rise as outlook eases China fears

By Shariq Khan and Stephen Nellis (Reuters) - Qualcomm Inc reported quarterly earnings that handily beat Wall Street views on Wednesday and said it had negotiated a new and slightly better interim patent contract with Huawei Technologies as it forecast current-quarter revenues in line with analyst estimates. Shares of Qualcomm, the world's biggest supplier of mobile phone chips, rose nearly 2.6 percent in after-hours trading to $51.47.

from Latest News Business on Firstpost http://bit.ly/2SjSRxG

U.S. sanctions send Venezuelans scrambling to fill gas tanks

By Ana Isabel Martinez and Maria Ramirez CARACAS/CIUDAD GUAYANA, Venezuela (Reuters) - As oil companies and traders worldwide tried to decipher the impact of U.S.

from Latest News Business on Firstpost http://bit.ly/2Tpylt0

Tesla sees profit in every 2019 quarter, but faces logistics risks

By Alexandria Sage and Sonam Rai (Reuters) - Tesla Inc ended 2018 with a small quarterly profit and predicted on Wednesday it would make money every quarter this year, but acknowledged that the erosion of a U.S.

from Latest News Business on Firstpost http://bit.ly/2BbEmlQ

U.S judge holds off on imposing measures on PG&E to slash wildfire risks

By Jim Christie SAN FRANCISCO (Reuters) - A judge on Wednesday opted against changing probation terms for PG&E Corp stemming from its felony conviction in a deadly 2010 natural gas pipeline blast that requires the power provider to take aggressive measures to prevent wildfires, including shutting down power lines. At the end of an often heated hearing, U.S. District Court Judge William Alsup said he would hold off on changing terms for now because he wants to first see a report PG&E must submit by Feb

from Latest News Business on Firstpost http://bit.ly/2Tn87r1

Microsoft's Azure revenue growth slows, shares fall

By Vibhuti Sharma and Jeffrey Dastin (Reuters) - Microsoft Corp on Thursday reported results largely in line with Wall Street's targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. Shares of Microsoft, one of the most valuable U.S

from Latest News Business on Firstpost http://bit.ly/2SffKSZ

PayPal shares fall as sales outlook misses Wall Street expectations

By Anna Irrera NEW YORK (Reuters) - PayPal Holdings Inc shares fell almost 4 percent in after-hours trading on Wednesday after the online payments company forecast revenue for the current quarter short of Wall Street's expectations. For the fourth quarter that ended in December, revenue rose to $4.23 billion from $3.74 billion, just missing analysts' average estimate of $4.24 billion, according to IBES data from Refinitiv. For the first quarter, PayPal said it expects revenue between $4.08 billion and $4.13 billion, falling short of analysts' average $4.16 billion estimate.

from Latest News Business on Firstpost http://bit.ly/2CUq89a

Correction: Microsoft's Azure revenue growth slows in December quarter, shares fall

(Reuters) - (Corrects Azure market share in paragraph 9 to 17 percent from 18 percent) Microsoft Corp on Thursday reported results largely in line with Wall Street's targets, though Azure cloud computing sales grew more slowly in the December quarter than a year earlier. Earnings per share slightly exceeded expectations, but the software maker's stock fell 2 percent in extended trade after surging 3.3 percent earlier in a broader tech rally

from Latest News Business on Firstpost http://bit.ly/2Rq9WS8

ICICI Bank probe finds ex-CEO Chanda Kochhar violated internal policies

By Promit Mukherjee and Chris Thomas MUMBAI (Reuters) - ICICI Bank Ltd said on Wednesday an investigation into former Chief Executive Chanda Kochhar found she had violated internal bank policies and the bank will seek to revoke her financial entitlements. Kochhar, who worked at India's third biggest lender for over three decades, rose through the ranks to become one of the most influential women bankers in the country before she retired last year.

from Latest News Business on Firstpost http://bit.ly/2WwpRly

Microsoft's Azure revenue growth slows in December quarter

(Reuters) - Microsoft Corp's Azure cloud computing platform grew at a slower pace in the December quarter compared with a year earlier, sending shares of the software giant about 2 percent lower in after-hours trade on Wednesday. Azure, Microsoft's flagship cloud product, had revenue growth of 76 percent in the final quarter of 2018, down from a 98 percent surge a year earlier. Microsoft's total revenue climbed 12.3 percent to $32.47 billion

from Latest News Business on Firstpost http://bit.ly/2Rs1Us2

Qualcomm earns beat views, sales outlook meets views; shares rise

By Shariq Khan and Stephen Nellis (Reuters) - Qualcomm Inc reported quarterly earnings that handily beat Wall Street views on Wednesday and said it had negotiated a new and slightly better interim patent contract with Huawei Technologies as it forecast current-quarter revenues in line with analyst estimates. Shares of Qualcomm, the world's biggest supplier of mobile phone chips, rose nearly 2 percent in after-hours trading.

from Latest News Business on Firstpost http://bit.ly/2Wy81P1

DGCA questions Jet Airways on flight schedule after grounding of planes

Beleaguered airline has also been unable to stick to payment schedule committed to pilots and engineers. On Wednesday pilots got only 50% of November salary against 75% committed

from Latest News http://bit.ly/2MESGHY

Jind bypoll result: BJP ahead of JJP, Congress' Randeep Surjewala trails

BJP candidate Middha took a lead over his JJP rival Digvijay Singh Chautala after fourth round of counting

from Latest News http://bit.ly/2t0XvSR

Indiabulls HFC Q3 up 8.9% at Rs 985 cr; AUM expected to grow 20% - 25%

Loan assets rose by 16.2 per cent to Rs 1,24,271.1 crore at end of December 2018 from Rs 1,06,971.3 crore at end of December 2017

from Latest News http://bit.ly/2GhjInw

Second wave of crisis? How Essel can worsen shadow banks' cash crunch woes

Defaults at IL&FS have roiled the credit market and made it harder for other non-bank lenders to access funds

from Latest News http://bit.ly/2HHEvmQ

Kerala fiscal condition not looking good, lowest growth in 3 decades: Issac

State FM says trend may continue in FY20, expenditure can't be curbed since Kerala is yet to fully recover from aftermath of floods; govt pegs loss at Rs 15,000 cr

from Latest News http://bit.ly/2TnlfMR

Share buyback nod fails to lift Ajanta Pharma; falls 7% on weak Q3 results

The stock dipped 7 per cent to Rs 1,016 on BSE after the company's consolidated net profit more-than-halved at Rs 67 crore in Q3FY19, due to lower sales.

from Latest News http://bit.ly/2S12Usi

Bharti Airtel Q3: ARPU may rise up to 4%, clarity on fund raising plans key

Bharti Airtel is slated to announce to its December quarter earnings today

from Latest News http://bit.ly/2S0Po80

This firms aims to connect American students of Indian descent to homeland

Aiming to connect high school American students of Indian descent to their homeland, a top Indian-American organisation has announced a three-week fully funded scholarship programme for them to travel to India. Titled "Heritage India" by Indiaspora and powered by 360+(both non-profit organisations), the program aims to build connections and foster closer relations between India and their diaspora populations, a statement said on Wednesday. Eight high school students will receive fully funded scholarships from Indiaspora to participate in the program with the theme "India's Riches: History, Culture, Diversity, & Democracy". The students will visit three areas of India that are geographically and culturally diverse, yet all very much represent the country: New Delhi, Gujarat and Kerala, the statement said. The curriculum will include hands-on interactive exhibits, stimulating discussions, and a service project in India. Open to high school students between ages 15-18 at the time of

from Latest News http://bit.ly/2HFDHyP

Yamaha India sales and marketing VP Roy Kurian quits firm after 19 years

After working at Godrej, Funskool (part of MRF Group), Kurian joined Yamaha in 2000

from Latest News http://bit.ly/2FZ2z2X

Rail stocks underperform; Titagarh Wagons plunges 57% in one-year

Titagarh Wagons, Texmaco Rail and BEML plunged over 40 per cent each on the back of the weak earnings and order inflow.

from Latest News http://bit.ly/2WyzJeu

SC judge recuses from hearing plea against interim CBI chief's appointment

Justice Ramana became the third judge of the apex court to recuse himself from hearing the matter as CJI Ranjan Gogoi and Justice A K Sikri had earlier recused themselves from adjudicating the case

from Latest News http://bit.ly/2TmfK0Q

SC rejects PIL against appointing Asthana as DG for civil aviation security

The government on January 18, however, appointed Asthana as director of BCAS, India's regulatory authority for civil aviation security

from Latest News http://bit.ly/2Bckdw5

Thermax opens new unit at SriCity; to manufacture chillers, heat pumps

The unit will manufacture a wide range of vapour absorption machines including chillers, heat pumps and heaters in its first phase

from Latest News http://bit.ly/2sVov6e

Analysts remain bullish on ICICI Bank despite near-term concerns

On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.

from Latest News http://bit.ly/2RnNXLH

Central banks bought more gold in 2018 than any year since 1967: WGC

Gold is traditionally seen as a safe investment in times of political or economic turbulence

from Latest News http://bit.ly/2MHxelP

Bajaj Auto Q3 profits beat estimates but margin hits a record low

Bajaj Auto reported a net profit of Rs 1,102 crore in the three months ended December

from Latest News http://bit.ly/2S0KDeo

Big election spends can push India's gold demand above 10-year average: WGC

Before the election, Prime Minister Narendra Modi's government could announce measures to help the nation's farmers, the biggest buyers of gold

from Latest News http://bit.ly/2SfCxxT

Budget session LIVE: Rafale jets will strengthen our Air force, says Kovind

The Budget session is expected to be stormy with Lok Sabha elections just around the corner. Catch LIVE updates on Budget 2019 session

from Latest News http://bit.ly/2Gh7knw

Flyers, alert! Airlines may not offer compensation for cancelled flights

Currently, airlines are required to pay compensation of Rs 5000 - 10,000 to a passenger in addition to a refund of ticket cost in case of flight cancellation

from Latest News http://bit.ly/2GcuTOz

DHFL hit lowest level since May 2014; stock tanks 30% in four days

The stock declined 14% at Rs 139, to touch its lowest level since May 16, 2014, on the BSE.

from Latest News http://bit.ly/2WypTcD

Not just plastic & air, India has one more pollution crisis: Burning tyres

India is importing tonnes of used tyres for generating fuel, and the recycling plants could be pumping toxins into the air

from Latest News http://bit.ly/2Tn2gC3

Rupee opens 17 paise higher against US dollar

"Today, USD/INR pair is expected to quote in the range of 70.70 and 71.40," Gaurang Somaiya, Research Analyst (Currency) at MOFSL added.

from Latest News http://bit.ly/2GcyN9X

Thanks to NCLT, SBI finds fear can be potent weapon in recovering loans

Recent bankruptcy proceedings that wrested prominent companies from their owners were a wake up call for India's business community

from Latest News http://bit.ly/2MGEFJU

Despite intense scrutiny over data privacy, Facebook earns record profits

Facebook reported $6.88 billion in net income which amounts to $2.38 a share -- up from $1.44 a share in the year-ago period

from Latest News http://bit.ly/2B6l2GH

2019 polls: Why govt should aim to create jobs, not offer basic income

For all the talk of helping the poor in the next budget, politicians would do better to make the breakthrough reforms that would create jobs

from Latest News http://bit.ly/2HQwEDg

AgustaWestland case: ED arrests Rajiv Saxena, lobbyist Deepak Talwar

A co-accused and alleged middleman in this case, British national Christian James Michel was recently extradited from Dubai to India (in December last year)

from Latest News http://bit.ly/2sY0X0K

Apple bans Facebook Research app for paying teens $20/month to access data

Apple says Facebook was using a distribution mechanism meant for company employees, not outsiders, so Apple has revoked that capability

from Latest News http://bit.ly/2RsIh2M

Bharti Airtel, Dabur, ICICI Bank and Vedanta among top stocks to track

Here's a look at the top stocks that may remain in focus today -

from Latest News http://bit.ly/2DKwsRW

MARKETS LIVE: Sensex up 500 points led by gains in IT, bank stocks, RIL

Catch all the market action here

from Latest News http://bit.ly/2TnoQdD

Saudi Arabia raises $106 bn from 'anti-corruption' drive, dozens detained

The crackdown on graft launched in 2017 saw hundreds of elite princes, ministers and businessmen held at the luxury Ritz-Carlton hotel in the Saudi capital Riyadh

from Latest News http://bit.ly/2RsJQOc

Patanjali moves NCLT for considering Ruchi Soya offer

Patanjali also expressed its interest to RP Shailendra Ajmera and the lenders and said it was ready to match Adani’s offer given a chance.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2Uv203Q

Could social selling be the next food safety scandal?

As an increasing number of entrepreneurs start offering food and drink for sale online, established food safety systems are struggling

from The Grocer - more food safety news & analysis http://bit.ly/2BcqZlv

How can the food industry help solve the allergen problem?

Clearer labels, better training and a traffic light system would improve matters, says Professor Chris Elliott

from The Grocer - more food safety news & analysis http://bit.ly/2TtlB4F

Varun Beverages set to buy Pepsi’s bottling distribution ops in South, West

The $1.6-billion RJ Corp, among PepsiCo’s top three bottlers globally, has been associated with the beverage and snack maker since close to three decades.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2DLfza8

Grover zampa vineyards expands their portfolio with four seasons and charosa wineries

With the addition of two new brands, the company plans to expand into a multi-brand lifestyle label with wine being at the core of their business.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2RnD6kU

Varun Beverages set to buy Pepsi’s bottling distribution ops in South, West

The $1.6-billion RJ Corp, among PepsiCo’s top three bottlers globally, has been associated with the beverage and snack maker since close to three decades.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2DLfza8

Grover zampa vineyards expands their portfolio with four seasons and charosa wineries

With the addition of two new brands, the company plans to expand into a multi-brand lifestyle label with wine being at the core of their business.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2RnD6kU

Zomato in talks to sell UAE biz to German co for $200m

The company is exploring a divestment as Zomato co-founder and CEO Deepinder Goyal is not keen on ceding a lot more stake to Ant Financial, which already owns 28% of the company, said these sources.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2GdXcME

Restaurants seek clarity on E-commerce FDI rule tweak

Restaurants want to know if aggregators like Zomato, Swiggy and UberEats are covered under the new FDI rule.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2G0AyHY

Jubilant FoodWorks Q3 net profit up 46% to Rs 96.5 cr

Revenue for the quarter stood at Rs 929 crore, an increase of 17 percent as compared to Rs 795 crore it posted during the same period last year, the company said in its earnings announcement.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2Se1Osh

Mindtree one of several options for us: L&T executive chairman A M Naik

Coffee Day has clarified it will take action to release these shares in a few days.

from http://bit.ly/2DERIZi

The IL&FS soap opera has now created more drama; this time for Zee

The implosion of the highly rated lender raised financing costs for everyone who had borrowed short-term funds to invest in long-term assets such as roads, power stations, waste-management plants

from http://bit.ly/2RTGBog

Videocon, Subhash Chandra's Essel Group cross swords over d2h merger

According to the deal, if the merger failed, the advanced amount of Rs 1,626 crore becomes payable

from http://bit.ly/2SaVrpD

ONGC share buyback opens today. Should you tender your shares?

On business front, ONGC's Q2FY19 result was above market expectation with net realisations at US$73.1/bbl with nil subsidy burden

from http://bit.ly/2MC5teb

Thank you China for smoking: Indian tobacco heads to biggest market

Commerce Department has secured market access rights for Indian tobacco in China- the global leader in smoking

from http://bit.ly/2RURsOD

Modi govt's tax reforms: GST, a game-changer for the Indian economy

The August 2018 report of the RBI suggests that Rs 15.31 trillion of Rs 15.41 trillion demonetised currency have returned to the banking system

from http://bit.ly/2UhSu4a

Govt moves SC to return 67-acre land around Ayodhya site to original owners

In a fresh plea, the Centre said it had acquired 67 acres of land around the 2.77 acre disputed Ram Janambhoomi-Babri Masjid site

from http://bit.ly/2CPu76D

YES Bank extends fall; stock down 11% in two days

The stock was down 5% to Rs 196 on Tuesday, falling 11% in past days from Friday's closing level of Rs 220 on the BSE.

from http://bit.ly/2DFLrg5

HDFC Q3 total income rises 20% to Rs 10,569 cr; net profit at Rs 2,114 cr

The company had posted a net profit of Rs 5,300 crore in the October-December quarter of the last financial year

from http://bit.ly/2UofYED

Jet Airways seeks shareholders' nod to turn debt into equity, EGM on Feb 21

According to a revised plan, founder-chairman Naresh Goyal's stake in the airline could go down to 16-18%

from http://bit.ly/2G3Ljc2

Samsung Galaxy M20, Galaxy M10 launched: Know price, specs, sale details

The Amazon-exclusive smartphones will be available on the e-commerce platform, besides Samsung's online portal, from February 5

from http://bit.ly/2RXTuOf

Ban political ads in digital, print media 48 hours before elections: EC

The move comes ahead of the upcoming Lok Sabha elections, in which EC is bringing in new strategies to conduct fair polls

from http://bit.ly/2DIfCDp

Markets drop as investors dump firms with high debt levels, share pledging

The shares of Adani Ports, Adani Power, Jindal Stainless, Reliance Capital, and Suzlon saw heavy selling

from http://bit.ly/2DG8841

Women T20 World Cup: India up against Australia in opening match on Feb 21

The semifinals are scheduled to be held on March 5 in Sydney while the summit clash has been kept for March 8 in Melbourne

from http://bit.ly/2MDAoab

Mid, small-cap indices tank 7% in January; analysts see more pain ahead

Earlier, in September 2018, both these indices had tanked 12.5 per cent and 16 per cent respectively

from http://bit.ly/2HEVGFq

Now, investors can safely check into K Raheja Corp's Chalet Hotels

What distinguishes the company from its peers is its strong operational performance

from http://bit.ly/2SaLh8t

Lok Sabha poll campaign LIVE: Rahul says Modi broke India's economic spine

With Lok Sabha elections only two months away, all the political parties across India are addressing rallies and public meetings to woo voters. Catch LIVE updates on Lok Sabha election 2019 campaigns

from http://bit.ly/2G4vJg2

Piramal Enterprises has Rs 225-crore exposure to Essel Infraprojects

Issues related to the debt burden of some Essel Group companies triggered a sharp fall in the share price of Zee and Dish TV

from http://bit.ly/2SeUkFE

ICC T20I World Cup: India to face SA in opener; here's the full schedule

India's opening match will take place in Perth on October 24 while the tournament will get underway from October 18 with qualifying rounds in South Geelong

from http://bit.ly/2UqCH33

CBI to soon summon Chanda Kochhar, other suspects in ICICI Bank case

It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for Videocon Group and its associated companies

from http://bit.ly/2CTLG5Q

George Fernandes: Diehard socialist and a complex bundle of contradictions

It is a cliche but some cliches bear repetition. With the death of George Fernandes, an era has come to an end

from http://bit.ly/2SeQigi

No proposal before us to list ONGC Videsh, says Dharmendra Pradhan

On December 21 last year, the board of ONGC had raised the red flag to a move by the Di­p­am for listing OVL

from http://bit.ly/2Upg6ny

Unified regulator for GIFT City, relaxations to woo AIFs on cards

A govt source said SEZ rules are designed mainly for manufacturing and so the first financial SEZ in India at GIFT IFSC is facing regulatory issues

from News http://bit.ly/2B9lDqU

Tax sleuths have seized benami assets worth Rs 6,900 crore to date

The tax department started initiating action under this law, implemented by the Modi govt, from Nov 1, 2016.

from News http://bit.ly/2WpCkrg

Income support better option than loan waivers, says India Ratings

The support would cost the Centre exchequer Rs 1.47 trillion.

from News http://bit.ly/2FVqxMj

Slightly cleaner, India has a long way to go in corruption battle

India is at the 78th position among 180 countries according to the index

from News http://bit.ly/2FSBrCs

Ayodhya land dispute: Want to return extra land to owners, Centre tells SC

The Centre's application claimed that only 0.313 acre of land was disputed

from News http://bit.ly/2FUZsc9

Timely resolution of insolvency cases can free up Rs 67,000 cr: Icra

Report notes that Insolvency and Bankruptcy Code's success has been a mixed bag so far

from News http://bit.ly/2G9FvNW

NSC members feel 'sidelined by govt', resign on row over jobs, GDP data

PC Mohanan, who was the acting chairman of the NSC along with member JV Meenakshi resigned on Monday, leaving behind no external members in the body

from News http://bit.ly/2RZMqkh

Unused thermal capacity, rising green power may cool spot energy prices

The revival in power demand spurred volumes growth in electricity trading at Indian Energy Exchange

from News http://bit.ly/2UpPbHY

Proposal to encourage taxmen to file GST profiteering complaints on anvil

Once the tax officers find that GST benefits have not been passed on to the consumers, they will refer the case for further investigation to the Directorate General of Anti-Profiteering (DGAP)

from News http://bit.ly/2Ur8FMn

Interim Budget 2019: Income support scheme may cost Rs 1.5 trn, says Ind-Ra

In view of the upcoming general elections, the agency said the focus of both the Centre and the state budgets will be on measures to address the farmers' woes

from News http://bit.ly/2Shav56

Board of Trade to meet stakeholders on Feb 15 over new foreign trade policy

BoT advises the government on policy measures related to the foreign trade policy in order to boost the country's trade

from News http://bit.ly/2Ro0EGj

Interim Budget 2019: Modi may counter Rahul with universal basic income

A rapid expansion of direct cash transfers linked to the national biometric database and small basic income experiments has galvanised an extensive debate on a UBI

from News http://bit.ly/2RmKw7V

Unilever publishes full list of tea suppliers

The PG Tips and Pukka owner has become the UK’s final top-five tea maker to reveal details of suppliers

from The Grocer - latest headlines http://bit.ly/2RXB400

Waitrose swaps plastic grape punnets for cardboard

The switch covers its Duchy Organic and Waitrose 1 Sable grapes

from The Grocer - latest headlines http://bit.ly/2COcEeW

Waitrose promotes its 365 Steps to a healthier year

The latest issue of the Waitrose Health magazine is themed around the campaign

from The Grocer - latest headlines http://bit.ly/2MC7CXx

Quaker Oats eyes Kids Mix & Match children’s range

The name suggests Quaker is looking to tap demand for customisable breakfasts

from The Grocer - latest headlines http://bit.ly/2MFPls6

Vegan group publishes addresses of dairy farms

The group is driven by the belief that the ’majority of people are unaware of dairy industry practices’

from The Grocer - latest headlines http://bit.ly/2RTCCbt

NCLT rejects Ruias' debt settlement proposal to retake Essar Steel; company hints at challenging verdict

If it is not challenged again, this opens the first major victory for the LM Mittal-run ArcelorMittal into the country

from Latest News Business on Firstpost http://bit.ly/2FXRwqr

Miserly income-tax benefits for education have dented middle class' passport to prosperity; Budget 2019 should address lacuna

Section 80C allows tuition fees paid for two children of the taxpayer, whether to a school or college so long as it is in India. But this section is not education-specific

from Latest News Business on Firstpost http://bit.ly/2ToSiAc

Sensex rallies over 250 points, Nifty tests 10,700-level on heavy buying, positive cues from Asian markets

Sensex was trading 188.10 points, or 0.5%, higher at 35,780.60 in early morning trade

from Latest News Business on Firstpost http://bit.ly/2FYHBAW

Supreme Court verdict on IBC: Indian banks' fight against bad loans has just got a thumbs-up from judiciary

The intent and purpose behind the enactment of the IBC was to pave the way for expeditious resolution of the burgeoning pile of non-performing assets in the financial sector.

from Latest News Business on Firstpost http://bit.ly/2Ga6xVu

Oil prices rise on Venezuelan supply disruptions following US sanctions; Brent crude futures up

Washington on Monday announced export sanctions against Venezuela's state-owned oil firm PDVSA, limiting transactions between US companies that do business with Venezuela

from Latest News Business on Firstpost http://bit.ly/2FY3wIN

Brand loyalty stays intact even as auto buyers dig deep on internet before purchase, finds study

There is an uptick in online searches by auto buyers, but instances of the exercise influencing their purchase is less as people switching brands is less, says a report.

from Latest News Business on Firstpost http://bit.ly/2G7EVAi

Budget 2019: Will govt take populist route and make announcements to include petroleum products under GST ambit?

While petroleum products are constitutionally included under the GST, the date on which the GST shall be levied on such goods shall be decided by the GST Council.

from Latest News Business on Firstpost http://bit.ly/2MEi6Wg

Public sector banks would need additional Rs 50,000 cr recapitalisation in 2019-20, says report

As of December 2018, a total amount of Rs 51,513 crore has been infused into public sector banks

from Latest News Business on Firstpost http://bit.ly/2sSRHuV

Global Markets: Asian shares inch up after Apple earnings, CEO comments

By Hideyuki Sano TOKYO (Reuters) - U.S. stock futures and Asian equities eked out modest gains on Wednesday as investors seized on Apple Inc's earnings and comments from its chief that U.S.-China trade tensions were easing, sending the iPhone maker's shares soaring in after-hours trade. Sterling smarted from a 0.7 percent fall the previous day after British lawmakers rejected most amendments that sought to avoid Britain leaving the European Union without a deal, reviving worries of a chaotic withdrawal from the European Union.

from Latest News Business on Firstpost http://bit.ly/2TmFrhA

Oil stable as economic outlook weighs, Venezuela concerns support

By Henning Gloystein SINGAPORE (Reuters) - Oil prices were stable on Tuesday, pressured by a cloudy outlook for the global economy but supported by worries over disruptions to supply from U.S.

from Latest News Business on Firstpost http://bit.ly/2BcdAtu

Global oil industry braces for turmoil from U.S. crackdown on Venezuela

By Jessica Resnick-Ault NEW YORK (Reuters) - More than 24 hours after the United States announced large-scale sanctions on Venezuela's nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures prohibited. The sanctions, announced on Monday, are aimed at driving President Nicolas Maduro from power, the strongest U.S.

from Latest News Business on Firstpost http://bit.ly/2ShZZKY

Apple services business grows; CEO Cook says China tensions ease

By Stephen Nellis and Sonam Rai (Reuters) - Apple Inc reported sharp growth in its services business on Tuesday and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping boost the company's shares after hours even though iPhone sales dipped in the holiday shopping quarter for the first time. Apple said sales for the current quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for the iPhone, especially in China, the world's biggest smartphone market. But investors focussed on the company's growing services, which include Apple Music and its App Store

from Latest News Business on Firstpost http://bit.ly/2TlkCTZ

Small panels drive big quarter four profit jump at LG Display

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels including for smart watches. The Apple Inc supplier's operating profit for October-December came in at 279 billion won ($249.7 million) from 44 billion won in the same period a year ago, and above the 132 billion won forecast of 10 analysts based on I/B/E/S Refinitiv data. Revenue fell 2.5 percent to 6.9 trillion won

from Latest News Business on Firstpost http://bit.ly/2BbjRWu

EBay's poor revenue outlook overshadows first-ever dividend

By Arjun Panchadar (Reuters) - EBay Inc forecast March quarter revenue below Wall Street estimates after reporting disappointing growth in the volume of sales on its platform during the key holiday quarter, overshadowing news of its first-ever dividend. Shares of the online marketplace were down 1 percent in after-hours trading, reversing course after an initial jump following eBay's move to pay a quarterly dividend of 14 cents per share.

from Latest News Business on Firstpost http://bit.ly/2SggQOe

LG Display says quarter four operating profit rose on year to $250 million

SEOUL (Reuters) - South Korea's LG Display Co Ltd said on Wednesday fourth-quarter operating profit leapt more than six-fold from a year earlier, on the back of strong demand for its small panels especially for smart watches. The Apple Inc supplier's operating profit for October-December came in at 279 billion won ($249.7 million) from 44 billion won in the same period a year ago, and above the 132 billion won forecast of 10 analysts based on I/B/E/S Refinitiv data

from Latest News Business on Firstpost http://bit.ly/2HDMTUd

Harley sees 2019 shipments slump, shares drop; will boost Thai investment

By Rajesh Kumar Singh and Ankit Ajmera (Reuters) - Harley-Davidson Inc reported worse-than-expected quarterly profit on Tuesday and forecast a slump in global shipments of its motorcycles in 2019, sending its shares down 5 percent. Still, to avoid the fallout of a tariff war waged by U.S. President Donald Trump, the American company said it would boost investment at its Thailand plant to serve European markets

from Latest News Business on Firstpost http://bit.ly/2DHmKjf

Apple services business grows, CEO Cook sees China tensions ease

By Stephen Nellis (Reuters) - Apple Inc reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping the technology company's shares up after hours even as iPhone sales dipped in the holiday shopping quarter for the first time.

from Latest News Business on Firstpost http://bit.ly/2UpCM71

South Korea's big buys on U.S. oil, gas to keep bilateral ties strong

By Jane Chung and Florence Tan SEOUL/SINGAPORE (Reuters) - South Korea's purchases of U.S. oil and gas this year will hold to the rapid pace set in 2018, likely narrowing its trade surplus with the world's top economy further and bolstering its ties to Washington. South Korea is expected in January and February to import at least 18 million barrels of crude oil and 900,000 tonnes of liquefied natural gas (LNG) from the United States, according to trade flow data from Refinitiv Eikon

from Latest News Business on Firstpost http://bit.ly/2DHYPAl

AMD shares jump on record growth in data center revenue

By Shariq Khan and Vibhuti Sharma (Reuters) - Chipmaker Advanced Micro Devices Inc on Tuesday reported record quarterly growth in data center sales and projected revenue growth in fiscal 2019 above Wall Street expectations, sending its shares up 10 percent after the bell.

from Latest News Business on Firstpost http://bit.ly/2Uwet7H

Wall Street wavers as tech gives ground and industrials rebound

By Noel Randewich (Reuters) - Wall Street was mixed on Tuesday, with Alphabet, Facebook and other technology-related shares dipping, while a rebound in 3M and other industrials elevated the Dow Jones Industrial Average. Apple Inc jumped 4 percent in extended trade after the iPhone maker posted quarterly results following its warning earlier this month that revenue would be less than previously expected due to softness in China, whose economy has been damaged by a trade war with the United States. Apple's stock had fallen 1.04 percent during the trading session, and its rebound after the bell helped push S&P 500 futures up 0.2 percent, suggesting Wall Street could open in positive territory on Wednesday

from Latest News Business on Firstpost http://bit.ly/2G9TTG2

Apple services business grows, shares rise six percent

By Stephen Nellis (Reuters) - Apple Inc on Tuesday reported sharp growth in its services business and Chief Executive Tim Cook said trade tensions between the United States and China were easing, helping its shares up even after sales of its iPhone dipped in the holiday shopping quarter. Apple said sales for its fiscal second quarter would most likely be lower than Wall Street expected, a signal that it continues to face weak demand for its iPhone, especially in China, the world's biggest smartphone market, but investors focused on the company's growing services, which include Apple Music and its App Store. "The services number is good, and that is the growth engine going forward that people will continue to focus on," said Ivan Feinseth, an analyst with Tigress Financial Partners

from Latest News Business on Firstpost http://bit.ly/2FUmcct

LVMH reassures on China as Vuitton handbags boost sales

By Sarah White PARIS (Reuters) - LVMH struck a "cautiously" confident tone for the year ahead on Tuesday after fourth-quarter sales held up despite fears of a China slowdown, and growth picked up at its Louis Vuitton megabrand.

from Latest News Business on Firstpost http://bit.ly/2G9iGtP

White House to seek big domestic spending cuts; budget will be late

By David Shepardson WASHINGTON (Reuters) - The White House will propose significant non-defense spending cuts in its 2020 budget proposal, officials said on Tuesday, but it will miss the Monday, Feb. 4 deadline for submitting its plan to U.S

from Latest News Business on Firstpost http://bit.ly/2FXrCmQ

Japan's ANA orders passenger jets worth $4.3 billion in Asia push

By Eric M.

from Latest News Business on Firstpost http://bit.ly/2GagVN9

Agriculture under NDA: Well-intentioned policy measures, opposite results

While steps to improve productivity depressed prices, loan waivers have had the impact of stifling farm credit growth

from Latest News http://bit.ly/2CSzcet

Lack of jobs to be one of the key issues in upcoming general elections

The biggest criticism of NDA govt has been poor pace of job creation in the country, despite flagship programmes

from Latest News http://bit.ly/2S0dlwf

Rising trade deficit, crude to maintain pressure on India's external sector

Some gains likely from US-China tariff war, with exports to China rising; softening of inward FDI remains a worry

from Latest News http://bit.ly/2sUh7rS

HCL Technologies gains 5% on better-than-expected Q3 earnings

HCL Technologies was up for the sixth straight day, gaining 8 per cent, against 2 per cent decline in the S&P BSE Sensex.

from Latest News http://bit.ly/2sThCCq

Sovereign bond yield up 18 bps, hits 7.6% ahead of Interim Budget: DBS

Meanwhile, the Reserve Bank of India's liquidity supportive stance also continues and the last tranche of OMOs for January is lined up for Thursday

from Latest News http://bit.ly/2CS6bzO

NCLAT declines plea of Essar Steel operational creditor seeking Rs 800 cr

On Tuesday, NCLT had rejected the debt settlement proposal put forth by the shareholders of Essar Steel saying the offer violates Section 12A of the Insolvency and Bankruptcy Code

from Latest News http://bit.ly/2FY5FUR

Why economic recovery may be muted in FY19 despite big manufacturing push

Trend likely to continue next fiscal, with world economy seen slowing and there being no let up in the US-China trade spat; RBI may change stance with inflation cooling

from Latest News http://bit.ly/2RWQstC

There are 900 mn active iPhones globally, Apple reveals for the first time

The Cupertino, US-based tech giant has also disclosed a whopping 62.8% gross margin in 'services' business

from Latest News http://bit.ly/2RqjlZU

The 70-year journey of income tax in India: From a peak of 97.75% to 30%

In 1947, no income tax was payable on income up to Rs 2,500; seventy years later, in 2017, this figure rose 10x and became Rs 2.5 lakh

from Latest News http://bit.ly/2CUuKvW

Financial sector: The year gone by was tumultuous, but will 2019 be better?

While 2018 was marked by scams, regulatory crackdowns and the RBI-Centre spat, the likelihood of some PSU banks coming out of the PCA framework could boost credit growth in 2019

from Latest News http://bit.ly/2G87OMV

SC lets Karti Chidambaram travel abroad, warns not to 'play with the law'

The apex court asked Karti Chidambaram to appear before the Enforcement Directorate on March 5, 6, 7 and 12

from Latest News http://bit.ly/2RWdII4

Unified regulator for GIFT City, relaxations to woo AIFs on cards

A govt source said SEZ rules are designed mainly for manufacturing and so the first financial SEZ in India at GIFT IFSC is facing regulatory issues

from Latest News http://bit.ly/2B9lDqU

SC/ST Act: SC to hear pleas on February 19, refuses to stay amendments

The apex court had January 25 said it will consider listing the Centre's review and petitions challenging the amendments to the SC/ ST Act 2018, together before an appropriate bench

from Latest News http://bit.ly/2SiJH4s

Godrej Consumer slips 8% on disappointing Q3 results

The stock slipped 8 per cent to Rs 699 on BSE after it reported 1.5 per cent year-on-year decline in consolidated net profit at Rs 423.52 crore for December 2018 quarter.

from Latest News http://bit.ly/2sShrYa

ICICI-Videocon loan case: Srikrishna panel submits probe report to bank

The report has been tabled at the bank's board meeting and a discussion on the findings of the investigation is underway; board members will decide further course of action

from Latest News http://bit.ly/2SjAOaO

Dewan Housing Finance Corporation denies charges levelled by Cobrapost

In an investor call held this morning, the company said it will come out with a detailed explanation to the charges soon

from Latest News http://bit.ly/2FYuC2a

ED issues notice to Rahat Fateh Ali Khan under FEMA in 2011 case

This is the second time the Pakistani singer has had a brush with revenue intelligence agents

from Latest News http://bit.ly/2HGGpnD

Muthoot Pappachan Group may consider Muthoot FinCorp IPO in three years

The company is planning to expand its chit fund business in Kerala, Karnataka and Tamil Nadu in the near future

from Latest News http://bit.ly/2sXFchm

LIVE: Ex-servicemen protest in Delhi for OROP on Gandhi death anniversary

Catch LIVE updates as around 40 outfits protest at Delhi's Jantar Mantar today under the banner of 'India Unites'; meanwhile, Anna Hazare is on hunger strike in Maharashtra's Ralegan Siddhi village

from Latest News http://bit.ly/2CRhoR9

Insys 'Closer' lap-danced to woo doctor into writing opioid prescriptions

The drug had only been approved for use in cancer patients suffering "breakthrough'' pain

from Latest News http://bit.ly/2GfM41R

Telangana Panchayat elections: Polling underway, result to be out today

Polling began at 7 am and will end at 1 pm while counting will be taken up from 2 pm

from Latest News http://bit.ly/2Sdin7P

DHFL hits 35-month low; falls 27% in three trading sessions

The stock was down 10 per cent to Rs 154 in early morning trade, its lowest level since February 29, 2016, on BSE.

from Latest News http://bit.ly/2Tmy75A

UK MPs reject chaotic 'no-deal' Brexit, but back May's bid to renegotiate

In a series of votes, UK lawmakers rejected a no-deal Brexit by 318 votes to 310

from Latest News http://bit.ly/2WubdLC

One more institution died due to govt negligence: Chidambaram on NSC exits

The former finance minister's attack on the government came in the wake of two independent members of the National Statistical Commission -- P C Mohanan and J V Meenakshi -- resigning on Monday

from Latest News http://bit.ly/2FVXyYJ

Axis Bank surges 6% on healthy December quarter earnings

The stock hit a new high of Rs 700, up 6 per cent in early morning trade, surpassed its previous high of Rs 679 recorded on January 17, 2019 on the BSE in intra-day trade.

from Latest News http://bit.ly/2HC5ujy

Democrats don't plan to consider 'Dreamers' issue in US border fund talks

By excluding DACA from the negotiations, Democrats are taking away a major bargaining chip Trump could dangle in exchange for wall funding

from Latest News http://bit.ly/2UrKZYi

Interim Budget 2019: What govt needs to do to boost higher education bodies

India's expenditure on higher education as a percentage of its total budget has remained largely stagnant, hovering around an average 1.47% over 12 years to 2018-19

from Latest News http://bit.ly/2WmsEh8

Here's the Uber investor letter that forced Travis Kalanick to step down

Below is a full reproduction of the letter, which references corporate scandals and concerns about the lack of a qualified chief financial officer

from Latest News http://bit.ly/2FXkdE7

Huawei one of over 50 Chinese economic espionage cases being probed by FBI

US intelligence chiefs in the hearing said China was the most potent threat politically, militarily and economically to the United States

from Latest News http://bit.ly/2RW6vHX

MARKETS LIVE: Sensex, Nifty trade flat; HDFC twins, HUL, ONGC top losers

Catch all the live market action here

from Latest News http://bit.ly/2B8uSYI

Cremica Food Industries to open food park in Himachal's Una

The core facility that is coming there is a fruit and vegetable processing line with a capacity of up to 40 tonne per hour, he added.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2SeRal8

Godrej Consumer Products Q3 net profit falls 1.4 pc to Rs 423 crore

Its total income increased by around 3 per cent to Rs 2,744.57 crore during the quarter, compared with Rs 2,666.23 crore in the corresponding quarter of 2017-18.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2HHPzAi

Sumeet Narang of Samara Capital nominated to GCPL board

Narang’s appointment will enable GCPL to leverage his significant expertise and perspectives to guide GCPL’s growth strategy, the company said in the release.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2Saf4yg

FMCG to grow 11-12% in 2019, slightly slower than 2018 - Nielsen

"Historical trends around elections in the last few years suggest that FMCG industry demonstrates stable to marginally lower growth in the election year," added the report.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2HGcegt

Britain's biggest retailer Tesco set to axe up to 9,000 jobs

Tesco, which employs about 300,000 staff in the UK out of a total global workforce of 440,000, added that it would try to find new roles for up to 50 percent of those affected.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2TkePxX

Britain's biggest retailer Tesco set to axe up to 9,000 jobs

Tesco, which employs about 300,000 staff in the UK out of a total global workforce of 440,000, added that it would try to find new roles for up to 50 percent of those affected.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2TkePxX

Apple revises policy for apps that cheat you with expensive subscriptions

Apple has also recommended developers allowing users to try their content before they subscribe so that they know what they are going to pay for

from Latest News http://bit.ly/2Row0wi

Farmers end stir as Maharashtra vows to go tough on defaults in cane dues

Defaulting mills to face stock seizure, attachment of owners' properties; Total cane arrears in state at Rs 5,600 cr, despite policy of paying FRP upfront

from News http://bit.ly/2MBD9c7

UP govt to build world's largest 600 km Ganga Expressway for Rs 30,000 cr

The 600 km greenfield project was approved at the state cabinet meeting chaired by chief minister Yogi Adityanath at Prayagraj, where the world's largest congregation of faith Kumbh 2019 is underway

from Latest News http://bit.ly/2SgMRFO

PSU banks gain; Bank of India rebounds 15% from day's low

Canara Bank, Vijaya Bank, Oriental Bank of Commerce, Allahabad Bank, Bank of Baroda, Indian Bank and Union Bank of India were up 2% to 4%.

from Latest News http://bit.ly/2FWfSkF

Huawei CFO Meng shouldn't be a 'hostage' in Sino-US ties, says her lawyer

CFO Meng Wanzhou, the daughter of Huawei's founder, was arrested in Vancouver on December 1

from Latest News http://bit.ly/2G9frmo

UP govt to build world's largest 600 km Ganga Expressway for Rs 30,000 cr

The 600 km greenfield project was approved at the state cabinet meeting chaired by chief minister Yogi Adityanath at Prayagraj, where the world's largest congregation of faith Kumbh 2019 is underway

from News http://bit.ly/2SgMRFO

I-T dept raids 74 places in Tamil Nadu in connection with tax evasion

The department had last month conducted large-scale raids on a number of popular eateries of the state including Saravana Bhawan outlets

from News http://bit.ly/2DHbVOl

George Fernandes: Diehard socialist and a complex bundle of contradictions

It is a cliche but some cliches bear repetition. With the death of George Fernandes, an era has come to an end

from Latest News http://bit.ly/2SeQigi

FB's Instagram down; users report outage using #instagramdown on twitter

The company did not disclose the number of users or geographies that were affected. It also did not reveal what caused the outage

from Latest News http://bit.ly/2WqQMzf

Ban political ads in digital, print media 48 hours before elections: EC

The move comes ahead of the upcoming Lok Sabha elections, in which EC is bringing in new strategies to conduct fair polls

from Latest News http://bit.ly/2DIfCDp

Budget 2019: Time to rethink introduction of multi-year budgeting, setting rolling targets for desired outcomes

More reforms are on the cards in order to introduce multi-year budgeting and change the budget year; these would be important attempts towards addressing the gaps in the Indian budgeting practices at this juncture

from Latest News Business on Firstpost http://bit.ly/2WrlQip

Vedanta to invest Rs 8,500 cr to expand mining operations in South Africa

Vedanta said it is confident that there is enormous potential for Indian and South African businesses to help meet demand, creating jobs and infrastructure in both countries.

from Latest News Business on Firstpost http://bit.ly/2RoLcJV

Rahul Gandhi's promise of UBI: Yes, India's poor need assistance to develop skills and earn jobs, but surely not begging bowls

The 2016-17 economic survey had estimated that implementation of UBI will cost India 4.9 percent of the GDP

from Latest News Business on Firstpost http://bit.ly/2WrTl48

Digital wallets may become invalid by end-February due to non-compliance with RBI's KYC norms

Since there is no option of e-KYC for digital wallets and the RBI has not said anything clearly about the alternate KYC mechanisms, the firms are now in limbo

from Latest News Business on Firstpost http://bit.ly/2RoEzHt

Saudi Arabia eyes to lure over $427 bn investments in industrial, logistic sectors; plans to reduce dependence on oil

The programme is part of the kingdom's 2030 Vision, the brainchild of Prince Mohammed, that aims to diversify its economy which has been heavily dependent on oil prices.

from Latest News Business on Firstpost http://bit.ly/2G6W7WF

City snapshot: Food to go drives 5.8% organic first quarter uplift for Greencore

Sandwich giant Greencore has posted a 5.8% rise in first quarter like for like sales, PZ Cussons earnings hit by more weakness in Nigeria, stellar growth at HelloFresh and all the rest of latest news from the City.

from The Grocer - latest headlines http://bit.ly/2SeOoMG

Media Bites 29 Jan: No-deal Brexit, Tesco, Oddbins

A no-deal Brexit threatens the UK’s food security and will lead to higher prices and empty shelves in the short-term, retailers are warning.

from The Grocer - latest headlines http://bit.ly/2Sd9Sto

George Fernandes: The trade unionist they thought would be the PM

The man whose call could bring a city like Mumbai to its knees, lead a very simple life, and even washed his clothes himself

from Latest News http://bit.ly/2UnAntu

YES Bank extends fall; stock down 11% in two days

The stock was down 5% to Rs 196 on Tuesday, falling 11% in past days from Friday's closing level of Rs 220 on the BSE.

from Latest News http://bit.ly/2DFLrg5

Kia Motors starts trial at Andhra plant; to create 10000 jobs, use 300 bots

The new Anantapur plant, which is the first India facility of Kia Motors, employs the latest production technologies, with more than 300 robots automating the press, body and paint shops

from Latest News http://bit.ly/2UvPYrh

I-T dept raids 74 places in Tamil Nadu in connection with tax evasion

The department had last month conducted large-scale raids on a number of popular eateries of the state including Saravana Bhawan outlets

from Latest News http://bit.ly/2DHbVOl

Brexit: Despite gamble, May faces knife-edge battle as MPs prepare to vote

Fighting to keep her Brexit plan alive -- and her party united -- the prime minister made a dramatic bid on Monday night to forge a compromise

from Latest News http://bit.ly/2MCiTHb

ICC T20I World Cup: India to face SA in opener; here's the full schedule

India's opening match will take place in Perth on October 24 while the tournament will get underway from October 18 with qualifying rounds in South Geelong

from Latest News http://bit.ly/2UqCH33

'Giant-killer' to 'striking George', how Fernandes went on to defend India

Former defence minister George Fernandes, aged 88, passed away today after a prolonged battle with various illnesses including Alzheirmer's Disease, leaving behind a rich legacy of contributions

from Latest News http://bit.ly/2B7ZLMW

FDI grew 18% in FY18 to Rs 28.25 lakh cr; Mauritius largest source of FDI in India: RBI data

FDI increased by Rs 4,33,300 crore, including revaluation of past investments during 2017-18 to reach Rs 28,24,600 crore in March 2018 at market value

from Latest News Business on Firstpost http://bit.ly/2B90Kfz

Market starts on a volatile note as US-China trade war concerns rise; Infosys, HDFC Bank, L&T among top losers

After the markets opened, Sensex dropped over 100 points in early trade. Later, the index turned range-bound, and was trading 21.49 points, or 0.06 percent, lower at 35,635.21.

from Latest News Business on Firstpost http://bit.ly/2FWsdVI

From relief in personal tax rates to simplifying GST procedure, here's a list of issues Budget 2019 should look into

With key global economies like the US going for significant rate cuts, the government may do well to bring down the corporate tax rate for all the companies, irrespective of the turnover criteria.

from Latest News Business on Firstpost http://bit.ly/2G9ytbZ

Piyush Goyal asks state-run banks to step up lending to MSMEs, agri, housing sectors

Assuring full support to public sector lenders (PSBs), Piyush Goyal said bankers have also got confidence from the amendment in the Prevention of Corruption Act that bonafide actions are protected by the law.

from Latest News Business on Firstpost http://bit.ly/2Uqrrn5

E-commerce curbs: Snapdeal, Shopclues support govt's 1 February deadline, assure compliance

The government will from 1 February impose restrictions on how e-commerce firms operate, including barring them from selling products from firms in which they have an equity interest, leading to protests from Amazon and Flipkart.

from Latest News Business on Firstpost http://bit.ly/2WoUnxH

Rahul Gandhi promises Universal Basic Income: No government in India can walk the talk on UBI; here's why

The idea of a universal basic income (UBI) is not really new and entered the Economic Survey in 2016-17.

from Latest News Business on Firstpost http://bit.ly/2BbmM1c

China's plans to loosen restrictions on second-hand auto market

BEIJING (Reuters) - China's state planning agency said on Tuesday it will loosen restrictions on the second-hand auto market, and provide subsidies to help boost rural sales of some vehicles and sales of new energy vehicles. Auto sales in the world's biggest car market shrank for the first time in 2018 since the 1990s, as China grapples with a slowing economy

from Latest News Business on Firstpost http://bit.ly/2TjVjBH

Global Markets: Asia shares slip as China's Huawei in legal hot water; focus on Sino-U.S. talks

By Swati Pandey SYDNEY (Reuters) - Asian shares faltered on Tuesday and the dollar hovered near two-week lows as prospects for a Sino-U.S.

from Latest News Business on Firstpost http://bit.ly/2MFCR3H

Mitsubishi Aircraft accuses Bombardier of trying to limit competition for regional jets

MONTREAL (Reuters) - Mitsubishi Aircraft Corp on Monday accused Bombardier Inc of using "anticompetitive conduct" to limit competition for planes with under 100 seats, as the Japanese company works to bring its long-delayed regional jet to market. In October, the Montreal-based plane-and-train-maker sued the aircraft unit of Mitsubishi Heavy Industries Ltd, alleging that former Bombardier employees passed on trade secrets to help with the development and certification of the company's new MRJ regional jet.

from Latest News Business on Firstpost http://bit.ly/2sUdkLm

Mitsubishi accuses Bombardier of trying to limit competition for regional jets

(Reuters) - Mitsubishi Aircraft Corp on Monday accused Bombardier Inc of using "anticompetitive conduct" to limit competition for planes with under 100 seats, as the Japanese company works to bring its long-delayed regional jet to market. In October, the Montreal-based plane-and-train-maker sued the aircraft unit of Mitsubishi Heavy Industries Ltd, alleging that former Bombardier employees passed on trade secrets to help with the development and certification of the company's new MRJ regional jet. The MRJ would compete with regional jets produced by Bombardier and Brazil's Embraer SA

from Latest News Business on Firstpost http://bit.ly/2MDD3Rf

Global markets: China worries slam stocks, rising supply hits oil

By Herbert Lash NEW YORK (Reuters) - Global stock markets tumbled on Monday after Caterpillar and Nvidia Corp warned of weak Chinese demand while oil posted its biggest one-day drop in a month on expectations of growing U.S. crude supply.

from Latest News Business on Firstpost http://bit.ly/2sRYPYg

Oil nudges higher, but ample global production weighs

SYDNEY (Reuters) - Oil prices steadied on Tuesday, edging up from a near two-week low in the previous session when prices fell around 3 percent on fears of supply growth and a global economic slowdown. U.S. West Texas Intermediate (WTI) crude futures were at $52.07 per barrel, up 8 cents from their last settlement

from Latest News Business on Firstpost http://bit.ly/2MBnREh

Exclusive: Venezuela's PDVSA orders oil cargoes going to the U.S. to be prepaid

(Reuters) - Venezuela's state-run oil company PDVSA has ordered customers that have tankers waiting to load Venezuelan crude bound for the United States to prepay for those cargoes or they will not receive authorization to fill the vessels or leave the ports, three sources with knowledge of the decision told Reuters. Washington earlier on Monday imposed new sanctions on PDVSA, stopping the company from collecting the proceeds of oil exported to customers in the United States

from Latest News Business on Firstpost http://bit.ly/2sUnU54

California regulator approves PG&E request for $6 billion in borrowing

SAN FRANCISCO (Reuters) - The California Public Utilities Commission on Monday approved a plan by power provider PG&E Corp to seek up to $6 billion in debtor-in-possession financing for its expected bankruptcy. The commission backed the plan at an emergency meeting ahead of PG&E's anticipated filing for Chapter 11 bankruptcy protection. The plan increases PG&E's borrowing for short-term needs by $2 billion, lifting it to a total of $6 billion

from Latest News Business on Firstpost http://bit.ly/2MFCB4J

Huawei CFO to appear in Canada court on Tuesday

TORONTO (Reuters) - Huawei Technologies Co Ltd Chief Financial Officer Meng Wanzhou was set to appear in a Canadian court on Tuesday to discuss changes to her bail terms, according to British Columbia Supreme Court schedules. Canada arrested Meng on Dec

from Latest News Business on Firstpost http://bit.ly/2WoRxc1

AT&T to cut jobs in weaker business units

By Sheila Dang (Reuters) - AT&T Inc is cutting some jobs in declining areas of its business, while hiring more people in faster-growing segments, an AT&T spokesman said on Monday. The layoffs will affect a "small" portion of the workforce and are consistent with staffing changes AT&T has done in the past, spokesman Jim Greer told Reuters by telephone.

from Latest News Business on Firstpost http://bit.ly/2Roizwn

Citi sees stronger China wealthy client base in 2019 despite economy slowing

By Sumeet Chatterjee and Jennifer Hughes HONG KONG (Reuters) - Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war. Citi's total number of wealth management clients in China, with at least 1 million yuan ($148,610.49) in investable assets, grew 21 percent last year, Christine Lam told Reuters in an interview

from Latest News Business on Firstpost http://bit.ly/2Up6BEC

U.S.' Mnuchin expects progress in 'complicated' China trade talks

By David Lawder WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Monday the United States expects significant progress this week in trade talks with Chinese Vice Premier Liu He, but the two sides will be tackling "complicated issues", including how to enforce any deal.

from Latest News Business on Firstpost http://bit.ly/2DGLPLm

U.S. House panels to hold joint hearing on Sprint, T-Mobile merger

By David Shepardson WASHINGTON (Reuters) - Two U.S. House panels will hold a joint hearing on Feb. 13 on T-Mobile US Inc and Sprint Corp's proposed $26 billion merger and its potential impact on consumers.

from Latest News Business on Firstpost http://bit.ly/2UrLMZv

Venezuela's Guaido aims at control of PDVSA, Citgo as U.S. imposes sanctions

By Corina Pons and Marianna Parraga (Reuters) - Venezuelan opposition leader and self-proclaimed president Juan Guaido ordered congress on Monday to appoint new boards of directors to state oil company PDVSA and U.S. subsidiary Citgo, shortly before the United States imposed sanctions on the firm. The moves were aimed at intensifying pressure on President Nicolas Maduro, who was re-elected last year in a contest widely seen as fraudulent.

from Latest News Business on Firstpost http://bit.ly/2DFvSVH

U.S. sanctions Venezuelan state oil firm, escalating pressure on Maduro

By Matt Spetalnick and Steve Holland WASHINGTON (Reuters) - The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial challenge yet to the country's embattled socialist president, Nicolas Maduro.

from Latest News Business on Firstpost http://bit.ly/2UkgG5K

Exclusive: Chevron to buy Texas refinery from Brazil's Petrobras - sources

By Erwin Seba and Jessica Resnick-Ault HOUSTON (Reuters) - Chevron Corp has agreed to buy a Texas oil refinery with a troubled past and space to handle a coming flow of shale from its West Texas operations, two sources familiar with negotiations said on Monday. The U.S. oil major is expected to disclose the deal to acquire a 112,000 barrel-per-day (bpd) refinery in Pasadena, Texas, this quarter, the sources said

from Latest News Business on Firstpost http://bit.ly/2DF0VRn

U.S. delays fourth-quarter GDP report after government shutdown

By Lucia Mutikani WASHINGTON (Reuters) - The U.S. Commerce Department's Bureau of Economic Analysis said on Monday it was delaying the release of advance fourth-quarter gross domestic product data scheduled for Wednesday because of the just-ended five-week partial government shutdown

from Latest News Business on Firstpost http://bit.ly/2G6DYZ3

U.S. charges China's Huawei with bank fraud, stealing trade secrets

WASHINGTON (Reuters) - The United States on Monday charged China's Huawei Technologies Co Ltd, its chief financial officer and two affiliates with bank and wire fraud to violate sanctions against Iran in a case that has added to tensions with Beijing. In a 13-count indictment, the Justice Department said Huawei misled a global bank and U.S.

from Latest News Business on Firstpost http://bit.ly/2FVUdsW

Walkers adds two on-trend variants to core crisps lineup

BBQ Pulled Pork and Spicy Sriracha are leading ’flavour trends that are emerging throughout Britain’ says Walkers

from The Grocer - more product marketing news & analysis http://bit.ly/2B9FAhl

Goa govt sets up special court for speedy trials of illegal mining cases

The Special Investigation Team of Goa Police has been probing various cases of illegal mining in the state

from News http://bit.ly/2RSZmrU

The IL&FS soap opera has now created more drama; this time for Zee

The implosion of the highly rated lender raised financing costs for everyone who had borrowed short-term funds to invest in long-term assets such as roads, power stations, waste-management plants

from News http://bit.ly/2RTGBog

Oil prices fall 3% on rising US production, economic slowdown fears

Brent has risen nearly 12% so far in Jan, which would be the largest monthly percentage increase since Dec 2016

from News http://bit.ly/2G56dY9

Public sector banks to turn more profitable: Piyush Goyal after review meet

RBI Governor Shaktikanta Das addressed the PSB chiefs earlier in the day and took stock of the liquidity situation

from News http://bit.ly/2Hz3mck

Thank you China for smoking: Indian tobacco heads to biggest market

Commerce Department has secured market access rights for Indian tobacco in China- the global leader in smoking

from News http://bit.ly/2RURsOD

Step up lending to MSME, agri, housing sectors: Piyush Goyal to PSU banks

Discussed measures to promote MSME loan, agriculture lending: Piyush Goyal

from News http://bit.ly/2RVr5IA

Will be unconstitutional for govt to present full Budget: Yashwant Sinha

Amid speculation that the govt may present a full Budget on Feb 1, Sinha said there was no precedence of an outgoing govt doing so

from News http://bit.ly/2Tk2tFU

Delhi to give farmers MSP based on Swaminathan Commission report: Minister

There are about 20,000 farmers in the national capital

from News http://bit.ly/2WovNwS

Sugar crisis: UP CM Yogi flags private mills for outstanding of Rs 1,200 cr

FIRs lodged against top sugar millers over non-payment of farmers' dues

from News http://bit.ly/2CQv9zu

Trai recommendations on OTT services like WhatsApp by Feb-end: Official

Players such as WhatsApp and Facebook have come under the scrutiny of policymakers over issues including data breach and fake news

from News http://bit.ly/2FTMfjW

Profits grow at Young’s Seafood as sale process stalls

EBITDA jumped 13.3% to £23m in the full year to 30 September 2018

from The Grocer - latest headlines http://bit.ly/2G5QurK

Patisserie Valerie rescue talks planned for next week

Administrators for Patisserie Valerie and the chain’s management team are expected to meet potential bidders next week in a bid to strike a rescue deal for the collapsed cake retailer.

from The Grocer - latest headlines http://bit.ly/2FSOCDr

Tesco shake-up to see counters closed in up to 100 stores

The retailer said it believed new roles could be found for up to half of around 9,000 workers affected by the changes

from The Grocer - latest headlines http://bit.ly/2G3uWvW

Walkers adds two on-trend variants to core crisps lineup

BBQ Pulled Pork and Spicy Sriracha are leading ’flavour trends that are emerging throughout Britain’ says Walkers

from The Grocer - latest headlines http://bit.ly/2B9FAhl

Supermarkets warn of chaos and empty shelves threat from no-deal Brexit

In a letter circulated to all MPs, the bosses of Asda, Lidl, Sainsbury’s, the Co-op, M&S and Waitrose were among those who…

from The Grocer - latest headlines http://bit.ly/2ThIp75

Mid, small-cap indices tank 7% in January; analysts see more pain ahead

Earlier, in September 2018, both these indices had tanked 12.5 per cent and 16 per cent respectively

from Latest News http://bit.ly/2HEVGFq

US authorities go after Huawei; accuse it of stealing trade secrets

The charges are the latest to accuse Chinese govt or Chinese companies of stealing intellectual property from US firms through a combination of cyberattacks, traditional espionage and other means

from Latest News http://bit.ly/2TkWBwe

This techie delivers AI/ML-based solutions to boost yields of small farmers

Krishna Kumar's solutions help in deriving real time insights on standing crop and estimating yields, and soften the blow of unpredictability in farming operations

from Latest News http://bit.ly/2B85IcE

Can Alphabet, FB, Amazon ever escape scrutiny? Maybe Microsoft can teach

Microsoft realised that, more than just obeying the letter of the law, it had to be seen as a positive actor. It turned up the soft diplomacy

from Latest News http://bit.ly/2RTd6D4

Praj Industries rallies 17% on strong Q3 results

The stock surged 17 per cent to Rs 132 after the company reported net profit of Rs 22.43 crore in Q3FY19 against Rs 7.52 crore in the year-ago quarter.

from Latest News http://bit.ly/2G4OUGy

HomeLane's SpaceCraft: Using 3D to put the fun back into interior design

Everything, from wall paint to furniture dimensions to table-top finish, is coded in to look as close as possible to the end product; moreover, the tool offers a great deal of transparency in pricing

from Latest News http://bit.ly/2RkADHP

Huawei case: China decries 'political manipulations' over US charges

'There are strong political motivations and political manipulations behind the actions,' China's foreign ministry said in a statement

from Latest News http://bit.ly/2RomuJU

Why George Fernandes once said 'would like to be reborn as a Vietnamese'

George Fernandes cited Vietnam as an example as to how a country can be determined and innovative and think 100 years ahead

from Latest News http://bit.ly/2WrqOvF

Pariksha Pe Charcha LIVE: Modi discusses depression, importance of exams

'Pariksha Pe Charcha': Prime Minister Narendra Modi interacted with over 2,000 students, teachers and parents

from Latest News http://bit.ly/2RkwTGh

Govt moves SC to return 67-acre land around Ayodhya site to original owners

In a fresh plea, the Centre said it had acquired 67 acres of land around the 2.77 acre disputed Ram Janambhoomi-Babri Masjid site

from Latest News http://bit.ly/2CPu76D

Apple to fix FaceTime bug allowing iPhone users to eavesdrop on people

In certain situations, the bug also broadcast both video and audio from the recipient's phone

from Latest News http://bit.ly/2FScuHz

Women T20 World Cup: India up against Australia in opening match on Feb 21

The semifinals are scheduled to be held on March 5 in Sydney while the summit clash has been kept for March 8 in Melbourne

from Latest News http://bit.ly/2MDAoab

Honor View 20 India launch: Live stream, first impressions, specs, and more

The Honor View 20 boasts Huawei's flagship Kirin 980 system-on-chip, 48-megapixel primary camera, glass gradient design and an Android Pie-based Magic user interface

from Latest News http://bit.ly/2CQqvBt

Samsung Galaxy M20, Galaxy M10 launched: Know price, specs, sale details

The Amazon-exclusive smartphones will be available on the e-commerce platform, besides Samsung's online portal, from February 5

from Latest News http://bit.ly/2RXTuOf

Riding flying taxis sounds fancy, but how will we avoid mid-air collisions?

There's a big difference between a helicopter-style charter service and a fully operational fleet of flying taxis - whether they're automated or piloted by humans

from Latest News http://bit.ly/2CPKpg4

Oil hovers near $52 as slowing global growth outweighs Venezuela sanctions

Oil has rallied this year as the OPEC+ coalition started a fresh round of output cuts to ease a glut, with Saudi Arabia pledging to pump below the limit it agreed in December

from Latest News http://bit.ly/2RT5q3I

Did this India-born billionaire bribe doctors to push opioid painkiller?

Kapoor is accused of paying doctors millions of dollars in bribes and kickbacks in order to boost sales for Subsys, which is meant for cancer patients with severe pain

from Latest News http://bit.ly/2G7KwXj

Former defence minister George Fernandes dies at 88 after prolonged illness

Fernandes was India's defence minister in the NDA government headed by Atal Bihari Vajpayee

from Latest News http://bit.ly/2WtMEib

Goa govt sets up special court for speedy trials of illegal mining cases

The Special Investigation Team of Goa Police has been probing various cases of illegal mining in the state

from Latest News http://bit.ly/2RSZmrU

Escorts skids 6% on lower volume growth guidance for tractor industry

The stock was down 6% to Rs 634, falling 16% in past two weeks, as compared to 2% decline in the S&P BSE Sensex.

from Latest News http://bit.ly/2B9CjyR

ONGC share buyback opens today. Should you tender your shares?

On business front, ONGC's Q2FY19 result was above market expectation with net realisations at US$73.1/bbl with nil subsidy burden

from Latest News http://bit.ly/2MC5teb

Lok Sabha polls LIVE: Amit Shah to counter Rahul's allegations in Odisha

Amit Shah will cover four Lok Sabha segments of Cuttack, Jajpur, Jagatsinghpur and Kendrapara. PM Modi will interact with 2,000 students. Catch LIVE updates on Lok Sabha elections 2019 campaigns

from Latest News http://bit.ly/2G4vJg2

US indictments against Huawei are 'unfair, immoral', says China

US Justice Department charged Huawei and its chief financial officer, Meng Wanzhou with conspiring to violate US sanctions on Iran

from Latest News http://bit.ly/2CNTvd3

Interim Budget 2019 must focus on skilled labour to tackle unemployment

Unless skill development programmes receive impetus, the numbers of the unemployable will only rise

from Latest News http://bit.ly/2sSqSHi

MARKETS LIVE: Sensex dips over 200 pts; RIL, YES Bank, L&T among losers

Catch the live market action here.

from Latest News http://bit.ly/2B7xi9G

Global cues, Q3 earnings and FOMC meet to steer market today

Fresh tensions between the US and China, Fed monetary policy meeting and movement of crude oil prices are some of the major factors that are likely to guide domestic stocks on Tuesday.

from Latest News http://bit.ly/2Un1tRF

The IL&FS soap opera has now created more drama; this time for Zee

The implosion of the highly rated lender raised financing costs for everyone who had borrowed short-term funds to invest in long-term assets such as roads, power stations, waste-management plants

from Latest News http://bit.ly/2RTGBog

Top trading calls by Anand Rathi: Buy TCS, sell IndusInd Bank

Nifty outlook and top trading ideas by Jay Anand Thakkar, CMT - Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers.

from Latest News http://bit.ly/2MDpoJV

Priority is to end war in Afghanistan, says White House on US-Taliban talks

The Pentagon has not been asked to prepare for a full withdrawal from Afghanistan, said acting Defense Secretary Patrick Shanahan

from Latest News http://bit.ly/2B7PsZg

Why BofA-ML expert sees Budget 2019 surprising market on fiscal front

The concerns about the health of India's finances have coincided with a rebound in prices of oil -- India's top import -- and below-average revenue from goods and services tax and asset sales

from Latest News http://bit.ly/2Uq65Xe

2018 sees fastest annual FMCG growth by volume in more than seven years

Value growth remained nearly unchanged from last year at 13.8% after most companies held back increasing prices aggressively.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2B7QPqC

Paswan asks FCI to keep check on quality of foodgrain stock

FCI is the government's nodal agency that procures foodgrains at the support price and distributes them through ration shops under various welfare schemes.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2SbmVLX

Global banana glut sees wholesale prices fall

Average prices of imports to the UK are down 11p/kg on the equivalent week to 21 January during the past two years

from The Grocer - more prices and promotions news & analysis http://bit.ly/2FWwYi2

Paswan asks FCI to keep check on quality of foodgrain stock

FCI is the government's nodal agency that procures foodgrains at the support price and distributes them through ration shops under various welfare schemes.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2SbmVLX

Tesco confirms major restructure plans to staff

The UK’s biggest retailer is thought to be planning an overhaul of its fresh food counters and bakeries, which face an ove…

from The Grocer - latest headlines http://bit.ly/2BhCfNB

Kallø axes Pop-Crisps after supermarket listings failure

Launched in January 2018, the four-strong lineup marked Kallø’s debut in bagged snacks

from The Grocer - latest headlines http://bit.ly/2TjfUWH

US shutdown's economic impact is higher than price of Trump's border wall

Wall Street traders aren't the only ones who rely on government economic data

from Latest News http://bit.ly/2FUqeBw

Tata Power's quarterly profit plunges nearly 79%; dents by higher expenses

Seven analysts on an average expected the company to post a profit of Rs 3.95 billion

from Latest News http://bit.ly/2RmtpmD

Over 50% polling in Jind by-election by 2 pm; some EVMs face snags

This by-election is being seen as a referendum on the over four years of the BJP government in Haryana

from Latest News http://bit.ly/2Sas8n9

Saint-Gobain plans to triple turnover to Rs 21,000 cr, set up unit in AP

The firm says Indian operations continue to be cash surplus, all investments are to be funded through accruals, litte scope for equity infusion

from Latest News http://bit.ly/2B88yyi

Kumaraswamy threatens to quit after Cong MLA says Siddaramaiah should be CM

Rubbishing the MLA's demand, Siddaramaiah said the coalition govt is for 5 years and there was no question of him becoming CM

from Latest News http://bit.ly/2sPDsaf

Realty firm SPR Group signs Rs 5,500 cr MoU with Tamil Nadu at GIM 2019

Group will invest over next seven years in several projects across Chennai, including a 65-acre integrated township; will set up India's largest multi-commodity wholesale trade centre

from Latest News http://bit.ly/2HBR5UC

Indian Air Force's Jaguar aircraft crashes in UP's Gorakhpur, pilot safe

The Jaguar had taken off from the Gorakhpur Air Force Station. The crash site is between Hata and Kasya villages

from Latest News http://bit.ly/2S6gVnN

ISB's management programme up four places to 24th in FT worldwide rankings

The institute is the only B-School from India to enter the Top-25 list globally; It ranks No. 3 worldwide on alumni salaries

from Latest News http://bit.ly/2MzXrm3

ED attaches Rs 239-cr assets of TMC MP's firm over Rs 1,900-cr ponzi scam

Investigations revealed that funds mobilised from various investors were never utilised for the purpose for which they were collected and the same was transferred to bank accounts of other companies

from Latest News http://bit.ly/2HBXQpv

City snapshot: Tesco reportedly to 'cut up to 15,000 jobs' by axing fresh food roles

Tesco is to embark on a fresh round of cost-cutting which could eliminate up to 15,000 jobs, according to reports, Ocado and M&S are in secret talks which could spell bad news for Waitrose and the rest of the City news

from The Grocer - latest headlines http://bit.ly/2G4KBeo

Media Bites 28 Jan: Tesco, Ocado/M&S, Patisserie Valerie

Tesco could axe up to 15,000 jobs in a cull that is expected to put some of its meat, fish and delicatessen counters in the firing line.

from The Grocer - latest headlines http://bit.ly/2FRGp2l

Budget 2019: Govt set to miss fiscal deficit target by a full 40 bps, says Bank of America Merrill Lynch report

The government is set to breach the fiscal deficit target yet again by 40 bps for 2018-19, and raise the target to 3.5 percent for next fiscal in the forthcoming budget that may be skewed towards the rural economy, says a foreign brokerage report

from Latest News Business on Firstpost http://bit.ly/2sNHRKN

Budget 2019: Govt should consider increasing deduction under 80C to Rs 3 lakh or more per annum; raise limit for tax saving investments

The maximum tax rate of 30 percent triggered at an income exceeding Rs 10 lakh per annum may reasonably be enhanced to Rs 20 lakh per annum.

from Latest News Business on Firstpost http://bit.ly/2MBC1Fk

India replaces Japan as second top steel producer, output jumps 4.9% to 106.5 MT in 2018, says global steel body

India's crude steel production in 2018 was at 106.5 MT, up by 4.9 percent from 101.5 MT in 2017, meaning India has replaced Japan as the world's second largest steel producing country.

from Latest News Business on Firstpost http://bit.ly/2sRNt6M

Expansion plans for fleet, route underway; focus on keeping costs low to ensure profitability: SpiceJet chief Ajay Singh

Singh, who was here to participate in the World Economic Forum Annual Meeting that ended on Friday, also hoped that SpiceJet would soon be able to start operating seaplanes under Udan scheme.

from Latest News Business on Firstpost http://bit.ly/2MDjatj

Budget 2019: Govt may provide Rs 4000-cr capital infusion for public sector general insurers to strengthen financial health

The Department of Financial Services sought Rs 4,000 crore in the Budget for fund infusion in three insurance companies

from Latest News Business on Firstpost http://bit.ly/2sQikRe

Globalisation 4.0 developments, 5G to bring growth for Indian IT sector in 2019, says Tech Mahindra CEO Gurnani

According to Gartner estimates, India's IT spending will grow by 6.7 percent in 2019 to $89 billion.

from Latest News Business on Firstpost http://bit.ly/2MyWH0N

Central public sector enterprises to implement 10% quota for economically weaker sections from 1 February

The Constitutional amendment to provide the 10 percent quota to the EWS among the general category received assent of Ram Nath Kovind on 12 January

from Latest News Business on Firstpost http://bit.ly/2sR75YC

Declining GST revenues: Tax officials likely to examine high usage of input tax credit

During the meeting of the GoM, it was pointed out that as much as 80% of the total GST liability is being settled by ITC and only 20% is deposited as cash

from Latest News Business on Firstpost http://bit.ly/2MA3bfK

Gold firm near seven-month peak on US rate pause hopes; likely to appreciate further on lower interest rates

from Latest News Business on Firstpost http://bit.ly/2sOnooS

Indian-origin British retailers among UK's top 50 taxpayers; B&M's Arora brothers pay 25.6 mn pounds towards 2017-18 tax bill

The Arora family, behind the B&M chain of discount stores, paid 25.6 million pounds towards their 2017-18 tax bill

from Latest News Business on Firstpost http://bit.ly/2MBkNYJ

Aircel-Maxis case: Protection from arrest to Chidambaram, Karti extended

The case relates to alleged irregularities in grant of Foreign Investment Promotion Board approval in the Aircel-Maxis deal

from Latest News http://bit.ly/2UmBz06

PM Modi's record debt sales before polls to pressure Indian bonds

Investors have turned skittish about the health of India's finances amid signs that the government is ready to sacrifice fiscal discipline as it weighs an aid package to appease farmers

from Latest News http://bit.ly/2UpZaNN

RBL Bank Q3 net up 36% at Rs 225 crore on better interest margins

Net Interest Income up 40% to 655 crore; improvement in asset quality seen in better NPA ratios

from Latest News http://bit.ly/2CQdYhu

World's loneliest duck 'Trevor' dies on tiny Pacific island of Niue

The celebrity mallard found fame last year after a visiting journalist from New Zealand discovered that his makeshift home, near a puddle, was used for directions

from Latest News http://bit.ly/2Tk7vm2

Tata Steel to divest majority stake in Southeast Asia biz to China's HBIS

The divestment will be made to a company, in which 70 per cent equity shares will be held by an entity controlled by HBIS and 30 per cent will be acquired by TSGH

from Latest News http://bit.ly/2HBr0Fh

HEG nears 52-week low; stock tanks 18%; down 31% in three sessions

The stock tanked 18% to Rs 2,244, falling 31% in past three trading days, quoting close to its 52-week low price of Rs 2,214 touched February 2, 2018 in intra-day trade.

from Latest News http://bit.ly/2MFLv2s

2008 Assam blasts: CBI court convicts NDFB chief Ranjan Daimary, 14 others

The serial blasts were triggered by the NDFB on October 30, 2008, in Guwahati, Kokrajhar, Bongaigaon and Barpeta, killing 88 people and injuring more than 500

from Latest News http://bit.ly/2Sh2z48

Won’t transfer key technology to HUL: GSK Consumer to Court

Unilever Plc’s India unit said on December 3 it would merge GSK Consumer with itself in an all-stock deal that will give it access to Horlicks, Boost and Maltova malted drinks.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2B68a3m

My biggest high was when Sundar Pichai used my work: Sabeena Karnik

In a Q&A, the noted paper quilling artist, whose works include an Independence Day Google Doodle and a miniature Mysore Palace set in paper, reveals how she made a profession out of her passion

from Latest News http://bit.ly/2RknP4j

RBI governor meets PSU banks' CEOs, conveys regulator's expectations

RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7. It would be the first monetary review under the new RBI Governor

from Latest News http://bit.ly/2Sh2EEY

Nasa's golf-cart-sized Opportunity Rover feared dead as storm engulfed Mars

The six-wheeler rover landed in a region of Mars called Meridiani Planum on January 24, 2004, sending its first signal back to Earth from the surface of the Red Planet

from Latest News http://bit.ly/2DDPgCk

RBI governor meets PSU banks' CEOs, conveys regulator's expectations

RBI is scheduled to announce its sixth bi-monthly monetary policy for 2018-19 on February 7. It would be the first monetary review under the new RBI Governor

from News http://bit.ly/2Sh2EEY

BIC Cello rewrites India story, pushes its presence both online and offline

The company has set up its largest stationery plant in the country

from http://bit.ly/2FT8Vk2

Honda bets on product, price innovation to zoom ahead of Hero MotoCorp

The company feels the BS-VI fuel regulation will push the prices of products across the spectrum upwards

from http://bit.ly/2G2dFmR

Learn from the discipline of international studios: Viacom18's Ferzad Palia

The headroom for growth in India for pay TV in the English language is the highest in the world, Palia tells Shubhomoy Sikdar

from http://bit.ly/2Wox476

India pips Japan as second-largest steel producer; China on top: Worldsteel

India's crude steel production in 2018 was at 106.5 MT while Japan's was 104.3 MT

from News http://bit.ly/2CLLzsN

How litigation shackled bankruptcy reform and forced fire-sale of bad loans

While the bankruptcy code was a step forward, it would have been more effective if it had included restrictions on the scope for litigation, bankers and investors said

from News http://bit.ly/2WiUuuR

Interim Budget 2019: Farm spend doubled in Modi govt years; is that enough?

Agriculture generates only 18% of gross domestic product but sustains 600 million people--half of India's population

from News http://bit.ly/2G4ZEVF

Govt considering NITI Aayog's area-based package for distressed farmers

The area-based income compensation (ABIC) scheme says that farmers should be paid the difference between the actual price they get and the state-mandated minimum support price (MSP)

from News http://bit.ly/2RU87Sq

Trust in institutions rises worldwide but not in govt and media: Report

The report is based on an online survey of 33,000 respondents carried out in 27 markets in October and November 2018

from News http://bit.ly/2TgcYdl

Number of cases withdrawn under Sec 12A of IBC sees a spike in Q3 FY19

At the end of December 2018, two years after the IBC came into effect, 586 cases have been settled one way or another

from News http://bit.ly/2UiSrF9

Taxman may examine high usage of input tax credit to set off GST liability

The issue of high ITC was flagged at the meeting of the Group of Ministers (GoM) which was set up by the GST Council to look into the reasons for revenue shortfall being faced by a large number of sta

from News http://bit.ly/2DC1ziF

Budget 2019: Govt should instruct banks to allocate part of new disbursements for critical needs of real estate sector

In the past five years, share of banks in addressing funding needs of the real estate industry has been going down with most of the demand being catered to by housing finance companies and NBFCs.

from Latest News Business on Firstpost http://bit.ly/2G4Fpr6

BPCL-Kochi to become India's largest public sector refinery, to double production of LPG, diesel

Petrochemical complex, BPCL Kochi refinery is a Make in India initiative aimed at reducing dependence on imports.

from Latest News Business on Firstpost http://bit.ly/2FSIeMw

Three years on, bankruptcy reform languishes in courts; bankers offload bad debts at fire sale prices

The Insolvency and Bankruptcy Code allows even small creditors to file insolvency petitions against a company that had defaulted on debt

from Latest News Business on Firstpost http://bit.ly/2G8qH2p

Rupee rises 19 paise to 70.98 against dollar in opening trade on easing crude prices

Brent crude, the global benchmark, was trading lower at per 61.36 barrel lower by 0.45 percent.

from Latest News Business on Firstpost http://bit.ly/2FVeNcA

Sensex dives 180 points in early trade on selling pressure in banking, auto, metal stocks; Nifty down

Sensex declined by 180.50 points or 0.50% to 35,845.04, after rising to 36,124.26 in early trade

from Latest News Business on Firstpost http://bit.ly/2G3DH9f

Power producers seek resolution of issues to augment coal output from Korba mines

Association of Power Producers (APP) has urged ministries of coal and power to resolve issues to augment production, especially contractual

from Latest News Business on Firstpost http://bit.ly/2FSbSld

Zee stake sale: Essel Group promoters get three-month window from lenders, creditors to find a buyer

As of 31 December 2018, ZEE promoters owned 41.62 percent shares in the company of which 59.37 percent are pledged with lenders

from Latest News Business on Firstpost http://bit.ly/2G9Ikin

TRAI hopeful of 90% customer onboaring before 1 February deadline for new tariff regime, says chairman RS Sharma

Earlier, Telecom Regulatory Authority of India (TRAI) had stated on 24 January that close to 40 percent of the consumers have already exercised their options.

from Latest News Business on Firstpost http://bit.ly/2FVeKxq

Malaysia scraps multi-billion dollar China-backed rail project citing 'too high' cost

Malaysia has in recent months suspended several major projects signed under the country's previous scandal-plagued regime

from Latest News Business on Firstpost http://bit.ly/2G640Mi

Cabinet may announce relief package for farmers before interim budget; plan includes waiving premium for crop insurance

Agriculture Minister Radha Mohan Singh had recently indicated that the government would announce an agriculture package before the 2019-20 budget. The NDA government will present an interim budget on 1 February.

from Latest News Business on Firstpost http://bit.ly/2FVeJtm

Essel group denies link with Nityank lnfrapower over money laundering allegations

Zee Entertainment Enterprise Ltd (ZEEL), in a regulatory filing, said Nityank lnfrapower and Multiventures Ltd is an "independent company and does not belong to Essel Group"

from Latest News Business on Firstpost http://bit.ly/2G63ZIe

'No immediate plans to retire, Vedanta needs my agression, risk-taking ability', says Anil Agarwal

Agarwal has delisted his flagship Vedanta Resources from the London Stock Exchange (LSE) and is now concentrating on growing mineral mining and oil and gas businesses out of the India-listed firm, Vedanta Ltd.

from Latest News Business on Firstpost http://bit.ly/2FVeIWk

Coffee Day Enterprises founder VG Siddhartha may offer alternative security to release attached Mindtree shares

The I-T department has attached a portion of shares held by Siddhartha and Coffee Day Enterprises Ltd in IT firm Mindtree over a potential tax demand.

from Latest News Business on Firstpost http://bit.ly/2G4ImHX

Essel Group says lenders have agreed to not declare it defaulter in case of steep fall in sharp prices

According to a statement from Essel Group, there will not be any event of default declared due to the steep fall in share price.

from Latest News Business on Firstpost http://bit.ly/2FRAcUc

Finance Minister Piyush Goyal to meet CEOs of public sector banks today, discuss ways to improve financial health

Piyush Goyal, who was given additional charge of the finance ministry last Wednesday as Arun Jaitley is away to the US for a treatment, is his expected to discuss a host of issues including credit offtake and bad loan position of lenders.

from Latest News Business on Firstpost http://bit.ly/2UoDK3A

France warns against 'exorbitant' payoff for ex-Renault boss Ghosn

PARIS (Reuters) - France's finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be "exorbitant" and that the French state would follow the matter closely. Renault, which this week appointed a chairman and chief executive tandem to replace Ghosn, has yet to finalise its former boss' severance package, a potentially explosive issue in France where the government is facing protests over low pay and inequality.

from Latest News Business on Firstpost http://bit.ly/2DDcKHR

German government unified on need to implement coal exit: Altmaier

BERLIN (Reuters) - Germany's ruling coalition is unified on the need to implement the recommendations of a government-appointed commission for exiting coal by 2038, Economy Minister Peter Altmaier told German broadcaster ARD on Sunday.

from Latest News Business on Firstpost http://bit.ly/2UmMF5s

Tesco may cut thousands of fresh food counter jobs: report

LONDON (Reuters) - Tesco, Britain's biggest supermarket chain, may cut thousands of jobs by closing in-store meat, fish and delicatessen counters and by replacing staff canteens with vending machines, the Mail on Sunday newspaper reported, citing industry sources. Up to 15,000 jobs could be put at risk by the changes, which are likely to affect the majority of Tesco's 732 larger stores, the report said, adding that details are expected to be announced this week. A spokesman for Tesco declined to comment on the details of the report.

from Latest News Business on Firstpost http://bit.ly/2DE6csw

ICICI Bank-Videocon loan controvery: P Chidambaram slams CBI for 'indiscriminately targeting' bankers

Chidambaram said adventurism and megalomania have overtaken investigators

from Latest News Business on Firstpost http://bit.ly/2Uk7UVr

Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept

Coffee Day Enterprises promoter V G Siddhartha, who owns about 21% stake in Mindtree, is said to be in advanced discussions with various entities to sell his shares in the IT company.

from Latest News Business on Firstpost http://bit.ly/2DFhI7b

Govt empowers PSU banks to seek lookout circulars against wilful defaulters, fraudsters

The government issued two circulars recently authorising chairman-cum-managing directors or CEOs of public sector banks and the SFIO to request designated authorities to issue LOCs against any wilful defaulter or fraudster if they think the person may flee the country

from Latest News Business on Firstpost http://bit.ly/2Unju1Z

Germany to phase out coal by 2038 in move away from fossil fuels

By Markus Wacket BERLIN (Reuters) - Germany should shut down all of its coal-fired power plants by 2038 at the latest, a government-appointed commission said on Saturday, proposing at least 40 billion euros ($45.7 billion) in aid to regions affected by the phase-out. The roadmap proposals, a hard-won compromise reached early on Saturday after more than 20 hours of talks, must now be implemented by the German government and 16 regional states. They embody Germany's strategy to shift to renewables, which made up more than 40 percent of the energy mix last year -- beating coal for the first time -- and follow a 2011 decision to halt nuclear power.

from Latest News Business on Firstpost http://bit.ly/2DCZe77

All new Maruti Baleno launched with sporty front grill: Check price, specs

The updated Maruti Suzuki Baleno features a new sporty front grill with wider stance, apart from having precision cut smoked two-tone 16-inch alloy wheels

from Latest News http://bit.ly/2RUcay7

ICICI Bank, PNB, SBI, Axis Bank: Key support, resistance and target levels

A price channel is a continuation pattern that slopes up or down and is bound by an upper and lower trend line. The upper trend line marks resistance and the lower trend line marks support

from Latest News http://bit.ly/2DD5xYl

India pips Japan as second-largest steel producer; China on top: Worldsteel

India's crude steel production in 2018 was at 106.5 MT while Japan's was 104.3 MT

from Latest News http://bit.ly/2CLLzsN

1984 anti-Sikh riots case: Convict Sajjan Kumar produced in Delhi court

The court had on January 22 issued production warrant against the former Congress leader after Tihar Jail authorities, where he is lodged, could not produce him

from Latest News http://bit.ly/2UnspAv

Jet Airways seeks shareholder approval for converting debt into shares

The airline will also seek approval for their lenders to appoint a nominee director to the board

from Latest News http://bit.ly/2UoIXIG

ICICI Bank down for eighth straight day; stock falls 5%

The stock was down 5% to Rs 338 on Monday, trading at its lowest level since December 11, 2018.

from Latest News http://bit.ly/2RRZIz2

Bhopal gas tragedy: SC to hear plea seeking Rs 7,844-cr compensation fund

Over 3,000 people had died in the tragedy due to release of methyl isocyanate gas

from Latest News http://bit.ly/2DEiEZy

Trump's $1.5-trn US tax cut has had no key impact on hiring plans: Survey

The lower tax rates, however, had an impact in the goods-producing sector, with 50% of respondents from that sector reporting increased investments at their companies

from Latest News http://bit.ly/2MCBhzy

How litigation shackled bankruptcy reform and forced fire-sale of bad loans

While the bankruptcy code was a step forward, it would have been more effective if it had included restrictions on the scope for litigation, bankers and investors said

from Latest News http://bit.ly/2WiUuuR

Asus F570ZD review: Great entry-level gaming laptop but misses out on SSD

The AMD Ryzen 5- powered laptop from Asus is a well-built machine for entry-level gaming enthusiasts but falls short when it comes to flawless performance while executing high-end games

from Latest News http://bit.ly/2Baafv3

M&M, Hero MotoCorp, Maruti, Adani Ports and JSW Steel hit 52-week low

Reliance Capital, Reliance Home Finance and Reliance Infrastructure from Anil Ambani-led Reliance Group were among 70 stocks from the Nifty 500 index that touched 52-week lows.

from Latest News http://bit.ly/2DCy54a

India doesn't need a bold Budget now, populist spending should be avoided

All prime ministers before him have respected the tradition of treating the last budget before elections as just a way to keep the government going for a few months. Modi should too

from Latest News http://bit.ly/2RTE8Kz

Unfortunate that Savarkar was not given Bharat Ratna in Modi era: Shiv Sena

Shiv Sena has since long been demanding the highest civilian award for Vinayak Damodar Savarkar, who spent the prime of his life at the Cellular Jail in Andaman after being sentenced to life

from Latest News http://bit.ly/2TdmA8U

Wipro boosts local hiring to ramp up delivery in onshore locations

IT firm pursues localisation drive in US, Europe and Australia, also doubles campus hiring in India this year with demand uptick

from Latest News http://bit.ly/2MFcPhm

Interim Budget 2019: What's in store for investors, taxpayers, economy?

From doling out sops for the farm sector and providing some relief to the individual income-tax payers, here's what leading brokerages expect from the budget

from Latest News http://bit.ly/2DDFoIM

Saint-Gobain inaugurates its Rs 1,200-crore facility near Chennai

The facility is part of Saint-Gobain's vision of developing a World Glass Complex at Sriperumbudur as a regional hub for catering to the needs of international clients

from Latest News http://bit.ly/2HNi7sn

Interim Budget 2019: Farm spend doubled in Modi govt years; is that enough?

Agriculture generates only 18% of gross domestic product but sustains 600 million people--half of India's population

from Latest News http://bit.ly/2G4ZEVF

Dish TV India hits 10-year low; stock tanks 43% in two sessions

Shares of Dish TV India hit a 10-year low of Rs 19.10, down 15 per cent on the NSE in intra-day trade.

from Latest News http://bit.ly/2G2gxA8

No default so far, clarify Zee Entertainment promoters; stock gains

ZEEL MD Punit Goenka said the moratorium for repayment of loans had been extended beyond April 2019 and that the agreement with lenders was a structured, time-bound and consolidated one

from Latest News http://bit.ly/2G6bIWn

Zee Entertainment jumps 14% after Friday's crash, brokerages remain upbeat

In the early trade, ZEE Entertainment Enterprises jumped as much as 14.29 per cent to Rs 365 apiece on BSE.

from Latest News http://bit.ly/2G4FuuF

IRCTC money-laundering case: Lalu, Rabri and Tejashwi Yadav get bail

The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm

from Latest News http://bit.ly/2Tgrd1V

Trump unsure of an acceptable border deal, but vows to build a wall anyway

Shutdown that began on December 22 lasted for more than a month and led to hundreds of thousands of government employees missing two paychecks as Trump demanded new funding for US-Mexico border wall

from Latest News http://bit.ly/2sRaB58

Larsen & Toubro gains 4% as Q3 results beat Street estimates

Shares of Larsen & Toubro (L&T) were up 4 per cent to Rs 1,337 on BSE in the early morning trade in an otherwise weak market after the company reported 37 per cent YoY rise in consolidated net profit.

from Latest News http://bit.ly/2FS5RoC

Cold morning in Delhi: Clear sky, but minimum temperature at 5.5 degrees C

At least 16 Delhi-bound trains were delayed on Monday morning due to fog

from Latest News http://bit.ly/2B5R5GS

Halal internet? This browser promises to be compliant with Islamic values

SalamWeb relies on community-vetted content filters that mark web pages as appropriate, neutral or inappropriate, while warning users when they approach sites with gambling or pornography

from Latest News http://bit.ly/2TdZbUx

Honor View 20 first impressions: Worthy if launched as midrange smartphone

Unveiled at a global launch in Paris on January 22, the Honor View 20 is set to be launched in India on January 29

from Latest News http://bit.ly/2B5y1Zh

Rupee opens 17 paise higher against US dollar

The domestic unit weakened by 10 paise to close at 71.17 on Friday amid increasing demand for the greenback from exporters and heavy selling in domestic equities.

from Latest News http://bit.ly/2B5CP0y

At $1,300, gold near 7-month high on hopes US Fed will keep rates unchanged

Fed raised interest rates four times last year and has signalled it will probably lift borrowing costs twice in 2019, though some central bank officials have said they will be patient in raising rates

from Latest News http://bit.ly/2RS1dNv

Amid delayed insolvency process, Cantor, SC Lowy eye India's bad loans

Indian banks' bad debt problem, second in the world only to Italy, offer opportunities for a potentially lucrative form of investing known as merger arbitrage

from Latest News http://bit.ly/2G6gtPR

US lifts sanctions on Rusal, other firms linked to Russia's Oleg Deripaska

Trump administration officials, and many Republicans who opposed the effort to keep the sanctions in place, had said they worried about the effect on the global aluminum industry

from Latest News http://bit.ly/2sQug5b

Herbal products giving no relief to MNCs’ toothache

Colgate's Vedshakti & HUL’s Ayush, launched nearly two years ago, were pitted against Baba Ramdev’s Patanjali products, but have remained non-starters.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2UkPNyM

Cost-cutting is at top of the menu for Ola at Foodpanda

As deep-pocketed rivals corner pie, firm plans to make its private label brands the pivot of growth

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com http://bit.ly/2FTHLJT

Cutting India exposure due to poll-related noise: Ashmore Group's Jan Dehn

The markets are waking up to the fact that some of the big trades, which made a lot of money during the period with hyper-easy monetary policies, may be over, he adds

from Latest News http://bit.ly/2Uj9gje

PNB board found no criminality against sacked executive directors

On January 18, the finance ministry, issued an order to sack Rao and Sharan

from News http://bit.ly/2Urvikb

Foreign brokerages turn bullish on Zee Entertainment after stock crash

With growth prospects strong, valuations are 45% lower than 10-year average

from Latest News http://bit.ly/2S9Zy5o

Gold exchange traded funds lose sheen on poor returns and gold bonds

Assets of gold ETFs have reduced by more than a third in the last five years to Rs 4,571 crore

from Latest News http://bit.ly/2S9vFSB

OYO now plans big play in Indonesia, lines up $100-million investment

Within 3 months of its foray into Indonesia, the company has launched the first phase of expansion in 16 cities and has already witnessed a 5x growth

from Latest News http://bit.ly/2TgUCZX

From inventory losses to higher interest costs, analysts cautious on OMCs

The recent weakness in refining margins is also concerning and may pose a downside risk to our FY2020 estimates for OMCs

from http://bit.ly/2DBvJ5A

Gold exchange traded funds lose sheen on poor returns and gold bonds

Assets of gold ETFs have reduced by more than a third in the last five years to Rs 4,571 crore

from http://bit.ly/2S9vFSB

From inventory losses to higher interest costs, analysts cautious on OMCs

The recent weakness in refining margins is also concerning and may pose a downside risk to our FY2020 estimates for OMCs

from Latest News http://bit.ly/2DBvJ5A