RBI: Still unaccountable and above law?

For decades, the RBI has got away, no matter how egregious its bungling is

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Ex-Tata executives start fund to spur change at Indian companies

The team expects to get regulatory approval for the tentatively named Active Engagement Fund by May and seeks to raise and invest $1 bn in 3 years

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Nykaa on its way to become the next billion-dollar Indian company

Fashion retailer raises Rs 100 crore from TPG Growth; valuation surges more than 2-times in just six months at $724 million

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It's about jobs

In the absence of high-quality jobs, we risk a future of social upheaval and frittering away the unique advantage of our young population

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IPL 2019 KXIP vs DC Preview: Can Ashwin's Punjab break Delhi's team spirit?

Punjab may again eye home ground advantage but Delhi will be a different challenge after their last win against KKR in super over

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Hyundai Motor India to take on Maruti Suzuki with 'connected' cars

A compact SUV, the Venue has been developed to meet Indian driving conditions and to address the limitations that come along

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In FY19, carmakers pulled off 13 models from the roads: Siam report

High discontinuations may be due to stringent norms coming into force soon, say analysts

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Unravelling the Putin enigma

The book's usefulness is marred by maddening small errors

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Beyond accounting

Deferment of Ind-AS for banks is a short-term fix

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Confusing signal

Indices have surged, but broader markets still in loss

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Flipkart will negatively impact profits in FY20 as well, says Walmart

The Arkansas-based firm, which competes with US rival Amazon, posted $514 billion in revenue for FY19 compared to $500 billion in the previous financial year, growth of 2.8 per cent

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Deutsche, SBI oppose more cash to operational creditors of Essar Steel

Last week in a meeting of the committee of creditors, lenders agreed to set aside Rs 1,000 crore more for operational creditors

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Tussle at Usha Martin sees Basant Kumar Jhawar's ouster from board

The two factions at the apex of Usha Martin's, of Basant-Prashant Jhawar and Brij-Rajeev Jhawar, have been at odds with each other for a while

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Business Standard Annual Awards for 2018: Meet the best in business

Finance and Corporate Affairs Minister Arun Jaitley presented the awards to winners in 12 categories

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Sidelined by his family, angry Tej Pratap Yadav could cost RJD in elections

Senior party leaders say that Tej Pratap's defiance may cost the party in the coming days

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Busy campaigning in MP, Jyotiraditya Scindia is devoting little time to UP

Jyotiraditya Scindia, has been low key and perceptibly missing from the 'heat and dust' of elections in UP

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Lok Sabha polls a test for Lalu's son and political heir, Tejashwi Yadav

The young leader is yet to earn the trust of the crowd

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Defining Japan in just one word

Today Japan will announce the name of its new "era", a historical event and a precursor to the royal succession

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Smart personalisation, consumer lifestyle push personal care products' sale

Premium beauty and personal care brands' sales to the overall category sales grew from 4.4 per cent (2015) to 4.8 per cent in 2016 and 5.1 per cent in 2017 (Euromonitor)

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The Strategist Quiz #607

The Strategist Quiz #607

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Answers to the Strategist quiz 606

Answers to the Strategist quiz 606

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Run up to voting, Cong raises the pitch with slogans praising Priyanka

Slogans such as 'Priyanka nahi hai aandhi hai, Dusri Indira Gandhi hai' have started making their way into speeches of local leaders

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Letter to BS: Thankful to the Nepali chowkidar who made me stay awake

Each time, he would pass by my window and inquire about my studies while talking about his son living in Nepal

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Answers to the Strategist quiz 606

Answers to the Strategist quiz 606

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Letter to BS: Cong's NYAY scheme is an insult to honour, dignity of Indians

What is astounding is that a plan such as NYAY is being backed by the so-called eminent economists who have thrown their sacred economic principles to the winds

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Letter to BS: With voting are nearing, there'll be more of jingoism

It is an undeniable fact that the overarching appeal of Hindutva nationalism has diminished the passion for secularism and social justice over the years

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The Strategist Quiz #607

The Strategist Quiz #607

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Congress' NYAY: Unanswered questions

Can the party effectively communicate in a way that makes the scheme not just appealing but something that will determine how Indians vote?

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Defining Japan in just one word

Today Japan will announce the name of its new "era", a historical event and a precursor to the royal succession

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Reserve Bank will go for another rate cut

Shaktikanta Das will join the gang of dovish-pivoting global central bankers to address the growth pangs in the Indian economy

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Smart personalisation, consumer lifestyle push personal care products' sale

Premium beauty and personal care brands' sales to the overall category sales grew from 4.4 per cent (2015) to 4.8 per cent in 2016 and 5.1 per cent in 2017 (Euromonitor)

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Vivo hopes by streaming IPL matches it can win smartphone contest

It is also natural that the IPL window is a huge opportunity to advertise its products with premium slots reserved for it

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The Rs 50,000-crore challenge

Raising the corporation tax collection target by 8 per cent in February may have made the CBDT's task more difficult

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Selective buying in auto sector

But it may be a very long haul before the industry sees a stable recovery

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Some interpretation issues remain even after GST

The principle the SC enunciated in several judgments was that where in a tariff entry there were several sub-entries, the classification should be in one of the sub-entries

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Four generations pitching same promise on poverty but no change: PM Modi

Taking a dig at Congress' NYAY minimum income programme, he said, "I want to tell first-time voters that they should see the track record and not listen to their 'tape record'.

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With Nifty Bank at all-time high, investors need to be wary, say experts

Experts advise that investors better stick to quality names with high predictability on future earnings, to minimise downside risk

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Markets likely to be higher over the next two-three years: Vaibhav Sanghavi

Globally, the growth forecasts are getting revised downwards, with inflation being very benign, says Vaibhav Sanghavi, co-CEO of Avendus Capital

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How Centre achieved divestment target despite volatile market conditions

Disinvestment proceeds are key for the government's finances as they help bridge the fiscal deficit

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Street signs: CPSE short-sellers trapped, Nifty near 12,000, and more

Most of them had to cover their short positions after the CPSE ETF FFO garnered over five times subscription

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Operational creditors face Shakespearean dilemma in Essar Steel insolvency

The challenge for RPs is to determine how to keep the company a 'going concern' without giving in to all the demands from operational creditors

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Rough flight ahead for Jet as legal worries loom large over revival plan

Some experts are of the view that the debt-equity swap is only a matter of change in the books of account, and will not necessarily change the quality of Jet's assets

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Govt notifies new accounting standard, lease rule to impact airlines

Ind AS 116 -- to be effective from April 1 -- sets out the principles for recognition, presentation and disclosure of leases

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Govt notifies new accounting standard, lease rule to impact airlines

Ind AS 116 -- to be effective from April 1 -- sets out the principles for recognition, presentation and disclosure of leases

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From serious fraud probe to Malaria death, here are the key court orders

The forest authorities have the power to confiscate not only forest produce illegally gathered but also tools, equipment, vehicles, boats, and other articles used by the accused under the Forest Act

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Commodity Picks: March 31, 2019

Turmeric prices in Nizamabad are trading at Rs 6,025 per quintal

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India's Rs 1-trillion market cap club triples in the past decade: Report

A decade ago, there were only 10 companies in the coveted club

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Street signs: CPSE short-sellers trapped, Nifty near 12,000, and more

Most of them had to cover their short positions after the CPSE ETF FFO garnered over five times subscription

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How Centre achieved divestment target despite volatile market conditions

Disinvestment proceeds are key for the government's finances as they help bridge the fiscal deficit

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Markets likely to be higher over the next two-three years: Vaibhav Sanghavi

Globally, the growth forecasts are getting revised downwards, with inflation being very benign, says Vaibhav Sanghavi, co-CEO of Avendus Capital

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Govt extends deadline for linking PAN with Aadhaar by 6 months

The recent extension for intimating Aadhaar number and linking it with PAN is September 30, unless specifically exempted, the IT department said

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Medical technology start-up Inito brings health tests to your mobile phone

The company aims to conduct laboratory grade diagnostic tests related to non-communicable diseases on a single device connected to the mobile phone

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With Nifty Bank at all-time high, investors need to be wary, say experts

Experts advise that investors better stick to quality names with high predictability on future earnings, to minimise downside risk

from Latest News https://ift.tt/2TNQBeS

Govt extends deadline for linking PAN with Aadhaar by 6 months

The recent extension for intimating Aadhaar number and linking it with PAN is September 30, unless specifically exempted, the IT department said

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Roll-out of new, simplified monthly GST return forms deferred

In July last year, the Central Board of Indirect Taxes and Customs had come out with the draft GST returns forms and sought comments from stakeholders

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Make it large: Whatfix bets on big firms, helping employees learn new tech

With digital transformation becoming fundamental to all enterprises, the market is ripe for digital adoption platform Whatfix

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Modi obsessed with self-promotion, floundering due to his arrogance: Rahul

Asked if he was open to being the PM, he said it was for the people to decide

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IPL 2019 CSK vs RR LIVE scoreboard

IPL 2019 CSK vs RR LIVE score

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India to be among top-10 entertainment and media markets by 2021: Study

The country's per capita media and entertainment spending is likely to be capped at $32 or Rs 2,080 by 2021, the study noted

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Rahul has fled to Kerala as he fears to be questioned by Amethi: Amit Shah

The Congress had earlier on Sunday said Rahul Gandhi will contest from Wayanad Lok Sabha constituency in Kerala

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IPL 2019, CSK vs RR LIVE score: Can Rajasthan overcome Chennai challenge?

In head to head comparison, Chennai Super Kings have an advantage as they won 12 out of 19 matches while Rajasthan Royals won seven. Check CSK vs RR Live score and match commentary here

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Brexit in meltdown: Theresa May under pressure to choose from 3 options

A third defeat of May's divorce deal, after her pledge to quit if it was passed, left one of the weakest leaders in a generation grappling with a perilous crisis over Brexit

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'It's a boundary': BCCI explains Rishabh Pant's viral stump mic chatter

The less-than-a-minute long clip was from Saturday night's match between Pant's Delhi Capitals and Kolkata Knight Riders

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Crisis averted at Jet Airways; pilots defer by 2 weeks decision not to fly

The decision was taken at an open house meeting of NAG members that took place both in Mumbai and Delhi Sunday afternoon

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IPL 2019, SRH vs RCB LIVE scoreboard

IPL 2019, SRH vs RCB LIVE scoreboard

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Caught on wrong foot, rail zones told to remove political ads from premises

EC sources on Saturday said that Railways have been asked to explain the prima facie violation of the model code of conduct

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Vijaya, Dena to become Bank of Baroda from Monday; to work as BoB outlets

The government in September last year announced the first-ever three-way consolidation of banks in India, with a combined business of Rs 14.82 lakh crore

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Larsen & Toubro expects $1 billion revenue from L&T Nxt in 5-7 years

Infrastructure giant Larsen & Toubro is eyeing more than USD 1 billion revenue from its newly launched new-age technology platform L&T Nxt in the next five to seven years, a top company official has said. The L&T Nxt initiative, which was launched last week, will focus on the areas of artificial intelligence, internet of things (IoT), virtual reality, augmented reality, geospatial solutions as well as cybersecurity. The announcement came at a time when L&T has made an offer to buy up to 66 per cent stake in IT firm Mindtree for around Rs 10,800 crore. It has entered into a deal to buy Cafe Coffee Day owner V G Siddhartha's 20.32 per cent share in Mindtree and has also placed an order with brokers to pick up another 15 per cent of the company shares from the open market. "This is more like a start-up ... this is more of an initiative going into outside market. Many of our initiatives have resulted in success stories. We will be looking at beyond a billion dollars in ...

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ISRO's 47th PSLV mission to launch 28 nano satellites, countdown begins

The four-stage PSLV-C45 will blast off from the second launch pad at the spaceport of Sriharikota

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Roll-out of new, simplified monthly GST return forms deferred

In July last year, the Central Board of Indirect Taxes and Customs had come out with the draft GST returns forms and sought comments from stakeholders

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DPIIT defining 'accredited investors' to boost investments in startups

The department, under the commerce and industry ministry, has already prepared a draft definition and is now seeking views of stakeholders

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DPIIT defining 'accredited investors' to boost investments in startups

The department, under the commerce and industry ministry, has already prepared a draft definition and is now seeking views of stakeholders

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IndiGo's chief planning officer Micheal Swiatek quits for personal reasons

Swiatek is the second senior executive after Cindi Szadokiersky, who was working as vice-president (airports), to have deboarded the airline in the last four months

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IPL 2019, SRH vs RCB LIVE score: Can Virat Kohli and co stop David Warner?

In head to head comparison, SRH have an edge as they won seven out of 12 matches while Royal Challenger won five. Check SRH vs RCB Live score and match commentary here

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TMC, BJP poised to fight a pitched battle over control of Darjeeling

The BJP, since the last two Lok Sabha polls, has been in alliance with the GJM with the latter extending their support as they claim it is in their best interests of realising Gorkhaland

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PAN-Aadhaar linking deadline ends today: Here's how you link both the cards

Today (March 31) is the last date to link PAN with Aadhaar. It will not be possible to file income tax returns unless you link both the cards, Here's a step-by-step guide to help you do so

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Cement prices and demand likely to see a rebound after Lok Sabha elections

After prices remained muted from April 2018 to January 2019, the sector witnessed a rebound in prices for a few weeks in February-March

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Market, economists see a rate cut in RBI's April 4 monetary policy review

All 15 participants in a BS poll say they expect at least 25 bps cut in April 4 meeting

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NYAY, PM KISAN problematic, target narrow group: Arvind Subramanian

The Congress' data analytics chief Praveen Chakravarty has said that Subramanian advised on the party's idea of minimum basic income guarantee proposal for the country's poorest 20 per cent

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Gold cheaper by Rs 2K over past 5 weeks due to low demand, cash crunch

In Mumbai, the prices fell 6.2 per cent, or by Rs 2,085 per 10 gram, from the all-time high - seen on February 20

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Revenue department takes final shots on the last day of GST collection

Officials indicate that March collection on the way to cross Rs 1 trillion

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GST rule change to aid businesses with better cash flow management

Taxpayer can pay SGST using IGST credit before using the latter to set off CGST liability

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Jaitley criticises JDS, Congress for organising protest against IT searches

Led by Karnataka CM Kumaraswamy, the Cong-JDS ruling combine organised a protest in front of the Income Tax department at Bengaluru on Thursday against a statewide crackdown on his partymen and others

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India extends deadline to impose high import duties on 29 US products

The govt has extended this deadline over half a dozen times since June 2018

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Last day to file delayed income tax return for FY18: A step-by-step guide

Taxpayers can use the I-T department's online portal to file their returns from the comfort of their home. Here's a step-by-step guide to file your income tax returns for FY18

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India has huge potential, the real question is speed of growth: Indra Nooyi

Nooyi, in October last year, stepped down as the CEO of the global beverage giant, after 24 years with the company, the last 12 as its CEO

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Rahul Gandhi to contest from Wayanad in Kerala along with Amethi: Antony

The announcement was made by senior party leader AK Antony at a press conference

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Foreign investors pull out Rs 44,500 crore from Indian market in 2018-19

FPIs remained net sellers almost throughout the recently concluded fiscal except for the past couple of months

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RBI rate decision, macro data announcement to drive equities this week

Foreign fund movement, trend in rupee and outcome of the US-China trade talks would also be monitored for further cues, analysts said

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IPL 2019, CSK vs RR preview: Chennai pitch in spotlight as RR eye first win

The IPL 2019 opener saw a rank turner in Chennai as Royal Challengers Bangalore were bundled out for 70, a target that CSK achieved in the 18th over

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IPL 2019: Missed opportunity to finish the game for DC, says Prithvi Shaw

Shaw felt that the pitch changed a bit towards the end of the DC chase and it was visible as Kuldeep Yadav almost turned the ball square

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6 deliveries, 6 yorkers: What DC's Rabada planned for the super over

I had a chat before the super over and Rabada told me that he would go for yorkers all through, first, second, third, fourth, every ball, said DC skipper Shreyas Iyer

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Zuckerberg calls for global internet regulations to address harmful content

In his post, Zuckerberg proposes that 'regulation could set baselines for what's prohibited and require companies to build systems for keeping harmful content to a bare minimum'

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Jeff Bezos' phone hacked by Saudis to access personal data: Investigator

Bezos has accused Enquirer publisher American Media Inc, led by David Pecker, of 'blackmail' for threatening to publish the intimate photos if he did not halt the investigation

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Top 10 business headlines: RBI rate cut, Jet clears Dec salary, and more

From RBI's monetary policy review to Jet Airways clearing pending salaries, Business Standard brings you top 10 business stories that made news on Saturday

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Lok Sabha elections: EC, Railways collaborate for voter awareness campaign

The trains which have been selected on the longest North-South route and East-West route and covers 19 States in all are - Kerala Express, Himsagar Express, Howrah Express and Guwahati Express

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US judge scraps Trump order, restores Obama-era drilling ban in Arctic

Presidents have the power under a federal law to remove certain lands from development but cannot revoke those removals, Judge Sharon Gleason said

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IPL 2019, SRH vs RCB Preview: Virat Kohli's RCB still in search of 1st win

RCB is yet to win a match in this edition of the tournament. On the other hand, SRH is stronger than ever with Kane Williamson's return and David Warner hitting almost every ball

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Branches of Vijaya, Dena Bank to function as BoB outlets from April 1: RBI

Earlier this week, the government decided to infuse Rs 5,042 crore in BoB to enhance capital base of the lender ahead of the merger

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Trump threatens closure of US-Mexico border next week to stem asylum surge

Trump has repeatedly said he would close the US border with Mexico during his two years in office and has not followed through

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Economic policies need to be in the people's interest

The pursuit of the neo-liberal policies by the six-year BJP-led govt and the ten year Congress-led govt, need to be reversed

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IPO activity sees a slump in FY19; fund raising via IPOs down 82%

Market players said spike in volatility, particularly in the broader market, took a toll on the primary market activity

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It is a decisive year for being in India: Tiktok director Helena Lersch

We are building and growing a bigger team in India

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Airbnb tells judge it missed hosts linked to illegal New York hotels

Airbnb has identified and banned at least five additional illegal hotel listings

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Read between the lines: It might take a jumla to beat all other jumlas

Given that Yadavs supply the doodh, and the chai is in the making, what was he hinting at?

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Australia and Singapore crackdown on online media with new laws

Australia said it will legislate "tough" new laws to prevent social-media platforms from being "weaponized" by terrorists and extremists who may use them to live-stream violent crimes

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Economic policies need to be in the people's interest

The pursuit of the neo-liberal policies by the six-year BJP-led govt and the ten year Congress-led govt, need to be reversed

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IPL 2019, DC vs KKR Live score: Rain may disrupt Delhi vs Kolkata clash

In head to head comparison, KKR have an edge as they won 13 out of 21 matches while DC won eight. Check DC vs KKR LIVE score and match commentary here

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2019 polls: BJP, Congress looking for six strong nominees each in Rajasthan

The Lok Sabha elections in Rajasthan are scheduled in two phases on April 29 and May 6.

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Cut tariff before buying stressed asset: UP energy regulator to Tata Power

Amid large scale stressed energy assets on block, the order can set pan India precedent

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Sagging coal auction volumes raise imports by 13% in April-February

Demand for higher imported coal shipments was fuelled by improved capacity utilisation of manufacturing industries in steel and cement

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Andhra, Odisha MPs have highest average income, Goa MPs lowest: Report

Out of the top 20 MPs with highest annual self- income, eight are from the Bharatiya Janata Party (BJP), two from Biju Janata Dal (BJD), two from Trinamool Congress, two from NCP

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Jawan injured in a grenade attack in Pulwama; cops launch manhunt

Jawan suffered minor injuries due to the grenade blast

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Had issues with BJP earlier, but resolved now: Shiv Sena chief Uddhav

Shiv Sena and the BJP were engaged in a bitter war of words in Maharashtra for the last five years of the NDA rule

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Cut tariff before buying stressed asset: UP energy regulator to Tata Power

Amid large scale stressed energy assets on block, the order can set pan India precedent

from News https://ift.tt/2THaAM5

Sagging coal auction volumes raise imports by 13% in April-February

Demand for higher imported coal shipments was fuelled by improved capacity utilisation of manufacturing industries in steel and cement

from News https://ift.tt/2YyEhmd

Risks of pakoda economics: Modi govt buries its head in sand, but unemployment may decide Lok Sabha poll result

Survey after survey is revealing that lack of employment will be one of the most pressing challenges facing the Modi government.

from Firstpost Business Latest News https://ift.tt/2I3ETdN

I-T, GST offices open on March 30, 31 to facilitate filing of tax returns

GST collections in the current financial year till February totalled Rs 10.70 trillion

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IPL 2019, KXIP vs MI LIVE scoreboard

IPL 2019, KXIP vs MI LIVE scoreboard

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Foolish to disclose defence secret: Chidambaram's Mission Shakti jibe at PM

The former finance minister also questioned the motive of the government in making the announcement

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BigBasket joins the league of unicorn club post $150 million funding

Mirae Asset’s $60 million, Alibaba’s $50 million and $40 million by CDC values BigBasket at $1.2 billion

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2CL55GK

BigBasket joins the league of unicorn club post $150 million funding

Mirae Asset’s $60 million, Alibaba’s $50 million and $40 million by CDC values BigBasket at $1.2 billion

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2CL55GK

NDA govt committed to Assam Accord, mulling to grant ST status: PM Modi

The Centre is trying its best to implement the Assam Accord that was suspended by the Congress, Modi said

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Sebi slaps Rs 94.5-lakh fine on 17 entities for fraudulent trade practices

Capital markets regulator Sebi slapped Rs 94.5 lakh penalty on 17 entities for indulging in fraudulent trade practices in illiquid stock options segment on the BSE. The regulator, during the course of investigation between April 2015 and September 2015, found that 81.38 per cent of all the trades executed in the stock options segment involved reversal of buy and sell positions by the clients and counter-parties in a contract on the same day. These entities were among those "whose reversal trades involved squaring off transactions with significant difference in sell value and buy value of the transactions," Sebi said in similarly worded separate orders on Friday. It further said trades of the entities are non-genuine as they are not executed in normal course of trading, lack basic trading rationale, lead to misleading appearance of trading in terms of generation of artificial volumes, and are hence deceptive & manipulative. By indulging in such trades, the entities have violated ..

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ED attaches Delhi-based Holiday Inn in Deepak Talwar money laundering case

Agency probes Rs 272 crore as a kickback received by Talwar for securing undue benefits for the airlines

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Shanghai world's first district with 5G coverage, broadband gigabit network

5G is the next generation of cellular technology with download speeds that are 10 to 100 times faster than 4G LTE networks

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I-T, GST offices open on March 30, 31 to facilitate filing of tax returns

GST collections in the current financial year till February totalled Rs 10.70 trillion

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IPL 2019, KXIP vs MI Live score: Kings XI Punjab look to bounce back today

In head to head comparison, Mumbai Indians have won 12 out of 22 matches played between them while Kings XI have won 10. Check KXIP vs MI LIVE score and match commentary here

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2019 elections: Over 6.8 lakh red wax sticks to secure EVMs in Maharashtra

This is probably the first time in elections that such a huge quantity of red wax will be required

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Bihar Board 12th result 2019 to be out soon, check biharboard.ac.in today

Bihar Board 12th result 2019 will be declared Saturday on biharboard.ac.in. For BSEB toppers lists, pass percentage track Business Standard

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Why shouldn't PM Modi get credit for Balakot air strike, asks Rajnath Singh

'If Indira Gandhi can get the credit of dividing Pakistan in 1971, why shouldn't Modiji get the credit for what he has done in Balakot', asked Rajnath

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Delay GSP eligibility decision till Indian elections: US lawmaker to USTR

Trump informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country under GSP programme

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Delay GSP eligibility decision till Indian elections: US lawmaker to USTR

Trump informed the US Congress about his intent to terminate the designation of India as a beneficiary developing country under GSP programme

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Rising cotton price to hit margins of textile companies

Cotton, the key raw material for textile and apparel production, has become costlier by 6 per cent in March alone

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Dump 'Statistical significance'

Critics argue that statistical significance can be misleading because it sets an arbitrary threshold on the level of uncertainty science should be willing to accept

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Govt to borrow Rs 4.42 trn in 1st half of FY20: Economic Affairs Secretary

The calendar released by the Reserve Bank of India (RBI) on its website showed that the weekly borrowing would be Rs 17,000 crore, less than the Rs 18,000 crore witnessed by the market in H2, FY19

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India has a great future; old narrative on poverty won't hold: Jaitley

India's market-based economy with social consciousness is more competitive and produces the best talent, says Jaitley

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Nirav Modi and Vijay Mallya to share same jail cell in Mumbai?

The 48-year-old diamond merchant is wanted in India for alleged "high value and sophisticated" fraud and money laundering amounting to $ 2 billion

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Odisha eyes a slice of tinsel world with alluring sops

State to tap into celluloid for tourism promotion

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Govt to borrow Rs 4.42 trn in H1 FY2019-20: Economic Affairs Secretary

As per the Union Budget, the gross borrowing was pegged at Rs 7.1 trillion for 2019-20, higher than Rs 5.71 trillion estimated for the ongoing fiscal

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CAD widens to 2.5% of GDP in Q3 on account of a higher trade deficit

In absolute terms, the CAD was $16.9 billion in the October-December 2018 period, up from $13.7 billion in the year-ago period

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India's April-February fiscal deficit at 134% of FY target: Govt data

India's April-February fiscal deficit touched Rs 8.51 trillion ($123.07 billion), or 134.2 per cent of the budgeted target for the current fiscal year

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Technology can displace, transform 45m jobs globally by 2025: Report

Productivity gains through digital technologies will help create up to 65 million new jobs during the same timeframe

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Small savings schemes: Govt keeps interest rates unchanged for Apr-June qtr

PPF and NSC will continue to carry an annual interest rate of 8 per cent, while Kisan Vikas Patra (KVP) will give a yield of 7.7 per cent and mature in 112 months

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India Inc's foreign borrowings fall to $2.81 bn in Feb, down by 9%: RBI

India Inc's borrowings from foreign markets fell to USD 2.81 billion in February, down by 9 per cent as compared to the year-ago month, data from the Reserve Bank of India showed Friday. The domestic firms had raised as much as USD 3.1 billion through the external commercial borrowing (ECB) route in the corresponding month of 2018. No firms tapped the rupee-denominated bonds route to borrow capital from foreign markets during February. The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data. Among the major borrowers were Oil India Ltd (USD 550 million for overseas investment), Indian Oil Corporation (USD 400 million as working capital loan), Shriram Transport Finance Company (USD 400 million for sub-lending) and Mahindra & Mahindra Financial Services (USD 300 million for sub-lending). Tata Capital Housing Finance raised USD 200 million for on-lending, HPCL Rajasthan Refinery USD 140.71 million for new project investment, and ...

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Nirav Modi case: Fugitive diamantaire denied bail by London's Westminster Magistrate court; next hearing on 26 April

The 48-year-old diamond merchant Nirav Modi was denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard

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Fiscal deficit crosses 134% of budget estimate at February-end on tepid growth in revenue collections

The country's fiscal deficit touched 134.2 percent of the full-year revised budgeted estimate at the end of February 2019, mainly due to tepid growth in revenue collections, official data showed on Friday.

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NCLAT seeks details of IL&FS dues to lenders from the newly appointed board

The National Company Law Appellate Tribunal (NCLAT) on Friday asked the newly-appointed board of debt-ridden IL&FS to submit details of the group's dues

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Govt to borrow Rs 4.42 lakh cr in first half of FY2019-20: Economic affairs secretary Subhash Chandra Garg

The finance ministry on Friday said the government will borrow Rs 4.42 lakh crore in the first half of fiscal 2019-20

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Rupee rebounds 16 paise to close at 69.14 against dollar on robust foreign fund inflows

The rupee appreciated by 16 paise on Friday to close at 69.14 against the US dollar on persistent foreign fund inflows and heavy buying in domestic equities

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Rahul Gandhi's promise on ease of doing business is election rhetoric at best; implementation is key, say industry experts

The industry is in a wait-and-watch mood. "It is election time, after all. Let's see what comes after the dust of the elections settle down and a government is voted to power," they said

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CAD widens to 2.5% of GDP in October-December quarter on higher trade deficit: RBI data

The country's current account deficit widened to 2.5 percent of GDP in the third quarter of the current fiscal from 2.1 percent a year ago, primarily on account of a higher trade deficit, the RBI said on Friday

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DPIIT starts analysing stakeholders' views on draft e-commerce policy as deadline for sending comments ends today

The Department for Promotion of Industry and Internal Trade (DPIIT) has started analysing the comments and suggestions received from stakeholders on the draft national e-commerce policy as the deadline for sending comments ends on Friday

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Sensex climbs 127 points to close at 38,673, Nifty settles above 11,600-mark; auto, metal stocks in demand

Rising for the second straight day, the BSE Sensex vaulted over 127 points while the NSE Nifty finished above the 11,600-mark on Friday on heavy buying in auto and metal stocks amid persistent foreign fund inflows and positive global leads

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Small savings schemes: Govt keeps interest rates unchanged for Apr-June quarter on NSC, PPF, KVP

The government has kept the interest rates on small savings schemes, including NSC and PPF, unchanged for the April-June quarter

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BigBasket raises $150 mn from South Korea's Mirae, China's Alibaba and UK's CDC Group

Online grocery platform BigBasket has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings

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India Inc's foreign borrowings fall 9% to $2.81 bn in February; Oil India, IOC, Shriram Transport Finance among major borrowers

The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data.

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Gold prices tumble by Rs 395 to Rs 32,700 per 10 grams on low domestic demand; silver declines too

In the international market, gold was trading at $1,287.70 an ounce and silver at $15.01 an ounce in New York.

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PAN Card-Aadhaar Card Link: Here is how a user can connect PAN card with Aadhaar through sms, online

Last month, the Supreme Court had said that linkage of PAN with Aadhaar was mandatory for filing of Income Tax returns.

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Nirav Modi case: Fugitive diamantaire set to appear before Westminster Magistrates court, to seek bail again

The 48-year-old diamond merchant Nirav Modi was denied bail by District Judge Marie Mallon at his first hearing soon after his arrest by Scotland Yard

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Rahul Gandhi's startup push: Regulatory hurdles in state, local bodies must be removed to make it easier for new ventures

Giving startups more freedom will, without doubt, give entrepreneurship the boost that the economy sorely needs.

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FSSAI provides relief to craft breweries on yeast content

This will come as a huge relief to micro breweries across the country.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2OyG4Df

SC awards life term to owner of 'Saravana Bhavan' restaurants for killing employee

A bench of Justices N V Ramana, M M Shantanagoudar and Indira Banerji dismissed as many as nine appeals of nine convicts including Rajagopal and upheld the Madras High Court verdict awarding life term to them.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2uAEk3i

FSSAI provides relief to craft breweries on yeast content

This will come as a huge relief to micro breweries across the country.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2OyG4Df

Unaccounted cash for polls? Taxmen raid house of DMK leader Duraimurugan

This comes days after tax raids led to a political storm in neighbouring Karnataka

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Rising cotton price to hit margins of textile companies

Cotton, the key raw material for textile and apparel production, has become costlier by 6 per cent in March alone

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Lok Sabha elections: Amit Shah to file nomination from Gandhinagar today

Rajnath Singh and Nitin Gadkari, Uddhav Thackeray, Parkash Singh Badal andRam Vilas Paswan will be present on the stage with Shah

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Will Nirav Modi, Mallya share same jail cell in Mumbai if extradited?

The 48-year-old diamond merchant is wanted in India for alleged 'high value and sophisticated' fraud and money laundering amounting to $ 2 billion

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Trump demanded Kim Jong-un to hand over nuclear weapons, bomb fuel: Reports

Trump abruptly ended his second summit with Kim after the president said the Kim had asked for all US sanctions to be lifted in exchange for the dismantling of North Korea's main nuclear facility

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Of the 521 Lok Sabha members, 106 charged with serious offences: ADR Report

By the end of this Lok Sabha term, the number of MPs charged with serious criminal offences has increased in 15 states, five of which have BJP governments and two have Congress governments

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Trade ministry proposes delaying retaliatory tariffs on US goods by 30 days

Trade friction between India and the US has escalated after Trump announced plans earlier this month to end preferential trade treatment for India

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PNB scam: Nirav Modi uses his pet dog in an attempt to win bail

Nirav Modi failed in his second attempt to get bail in his extradition case at Westminster Magistrates' Court

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IPL 2019, DD vs KKR Preview: Will KKR's spin trio trap Delhi at Kotla?

Delhi Capitals face a tough challenge as KKR eye a winning hat-trick, will Delhi save the fort and deny a hat-trick to KKR?

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In its market debut, Lyft counters Uber with 'nice guy' image

Lyft exceeded market expectations with its initial public offering (IPO) on Thursday, raising $2.34 billion and fetching a valuation of $24 billion.

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When aspiration and joblessness collide: Decoding the Hindu vote in West UP

With a right-wing Hindu party in power appealing to the majority vote, this is the first of a six-part series that explores the Hindu vote from India's most important battleground state: UP

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Halt illegal immigration or we'll shut Mexico border next week, warns Trump

Trump tweeted, 'If Mexico doesn't immediately stop ALL illegal immigration coming into the US, I will be CLOSING the Border, or large sections of the Border, next week

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New Zealand attacks: Facebook to crack down on hate speech, live streaming

Facebook is looking into barring people who have previously violated the social network's community standards from livestreaming on its platform, according to Sandberg

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Bean-to-bar: Asian chocolatiers are spicing up the global sweet market

Homegrown entrepreneurs battle the tropical climate while embracing tropical flavors for a bean-to-bar trend like no other

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'Modi vs who' question could arise in 2024, but not this time, says PM

Modi dismissed Gandhi's chances this time round, predicting the opposition would have to wait another five years to mount a serious challenge

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Top 10 biz headlines: BS annual awards, draft e-commerce policy, and more

From fiscal deficit data to Arun Jaitley's speech at BS annual awards, Business Standard brings you top 10 business stories that made news on Thursday

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US testing 250 objects from Indian ASAT debris; ISS not at risk

At this point in time, the International Space Station is not at risk, said US

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US aware about India's ASAT test, but didn't spy, says Pentagon

United States was aware about India's first test-fire of an anti-satellite missile

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Private equity investments in real estate gain traction, says report

Out of the total investment of $33.1 billion in India across sectors by PE funds, $7.2 billion was pumped in 65 transactions

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Vistara gets Jet landing and take-off slots for Delhi-Raipur flights

Vistara has been allotted the same slots in which Jet operated its flights before terminating the services last month due to financial crisis

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Don't charge steep fares for flights to J&K, Northeast, Port Blair: DGCA

The civil aviation regulator is also expected to take a call next week on the release of slots that are lying unused due to the grounding of Jet's fleet

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Rail Vikas Nigam's Rs 477-crore IPO subscribed 8% on first day of bidding

At the top end, Rail Vikas will be valued at Rs 3,962 crore

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Oil posts biggest quarterly rise since 2009 on OPEC cuts, sanctions

For the two benchmarks, the first quarter was the best-performing quarter since 2009, when both gained close to 40 per cent

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Tejas light combat aircraft bulks up into medium weight category

Repeated IAF demands for more capability likely to delay Mark 2

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'Us' reflects a mirror image of 'The Twilight Zone'

Major spoilers for "Us" (and some decades-old episodes of "The Twilight Zone") are ahead.

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EU needs to do more than ban plastic forks

Demanding more from producers should go hand in hand with export and land-filling restrictions on plastic waste

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Sensex ends 2018-19 with 17.3% gains; rupee, govt bonds see high volatility

A surge in foreign inflows, amid cooling off of US bond yields, is seen as the major reason behind the latest market surge

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Narendra Modi's 2019 mantra: Vote for secure din

Modi isn't going to voters on his track record but on the fear of the terrorist across the border and the Muslims within. It's a battle on his terms

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Hopping from hope to hope

Will the average voter vote for hope again? Or will hatred of the 'anti-national' triumph?

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Bharat Coking Coal to boost output as steel firms battle volatile prices

Washed coal is more expensive because it burns longer, thus providing more energy

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Mumbai's reckoning: Can crumbling city reclaim place among great metros?

Mumbai administrators have launched futuristic projects while its existing infrastructure imperils lives every day

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Summer in a glass

Long a neglected category, it is now coming into its own across the world as a versatile wine that blends freshness and vibrancy of white wines with some of the complexity and characteristics of reds

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Saravana Bhavan founder P Rajagopal's unsavoury journey may end in jail

SC upheld the conviction and life imprisonment of P Rajagopal, 18 years after the kidnapping and murder of a man in Tamil Nadu

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Taking lessons on life and modernity from the Omo tribes of Ethiopia

This incredible database of the people, their culture, customs and lifestyle is unique and reveals aspects of their lives seldom seen

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India Inc's foreign borrowings fall to $2.81 bn in Feb, down by 9%: RBI

India Inc's borrowings from foreign markets fell to USD 2.81 billion in February, down by 9 per cent as compared to the year-ago month, data from the Reserve Bank of India showed Friday. The domestic firms had raised as much as USD 3.1 billion through the external commercial borrowing (ECB) route in the corresponding month of 2018. No firms tapped the rupee-denominated bonds route to borrow capital from foreign markets during February. The entire fund mop-up during the month was done through the automatic route of ECB, showed the RBI data. Among the major borrowers were Oil India Ltd (USD 550 million for overseas investment), Indian Oil Corporation (USD 400 million as working capital loan), Shriram Transport Finance Company (USD 400 million for sub-lending) and Mahindra & Mahindra Financial Services (USD 300 million for sub-lending). Tata Capital Housing Finance raised USD 200 million for on-lending, HPCL Rajasthan Refinery USD 140.71 million for new project investment, and ...

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'Perfect time' for Indian corporates to invest in football clubs: France

I think there are clubs who are looking for new shareholders, with cash capacity and marketing experience, said Didier Quillot, CEO of France's Ligue de Football Professional

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After General Motors, Fiat Chrysler to now cut 1,500 jobs in Canada

Fiat Chrysler Automobiles (FCA) has announced it will cut some 1,500 jobs at its factory in Windsor, Canada, around a quarter of its local workforce. The Italian-American automaker took the decision, effective from the end of September, to "better align production with global demand," it said in comments reported in local media Thursday. Retirement packages will be offered to eligible employees while the company will also attempt to place laid off hourly employees in open full-time positions as they become available based on seniority. The announcement represents a fresh blow for the province of Ontario following the axing of more than 2,500 jobs announced for the end of 2019 at the General Motors plant in Oshawa, near Toronto. The president of the Unifor union, Jerry Dias, tweeted: "I am deeply concerned about the 1,500 plus families, the community of Windsor & the Cdn auto industry - all affected by FCA Canada's decision to end the 3rd shift at Windsor Assembly Plant." He added

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Rahul Gandhi's startup push: Regulatory hurdles in states and local bodies must be removed to make new ventures easier

Giving startups more freedom will, without doubt, give entrepreneurship the boost that the economy sorely needs.

from Latest News Business on Firstpost https://ift.tt/2V3R9yw

Terror financing: ED slaps Rs 15L penalty on three 'militant operatives'

The penalty and confiscation action has been taken under FEMA and three people -- Mohd Ayub Mir, Bechh Raj Bengani and Harbans Singh -- have been charged under it

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Nirav Modi case: Hearing in London court today; joint CBI, ED team to aid Crown Prosecution Service against diamantaire's bail plea

The combined agency team that travelled from Delhi is spearheaded by the Joint Director and rank officers from ED and CBI

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Rs 67 cr seized daily: Cash, drugs flood India in run up to 2019 polls

With Rs 67 crore cash seized every day in poll bound India, two thirds of total cash seized during entire 2014 general elections has been seized in just three days in 2019

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Modi biopic row: HC issues notice to EC over PIL seeking stay on the film

The plea questioned the time of the film's release and said if it was released as scheduled, it was likely to earn much electoral mileage for Modi

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India approves new coal projects amid a shrinking global pool

The findings of the report titled 'Boom and Bust 2019: Tracking the Global Coal Plant Pipeline' are disturbing for the coal sector

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Sebi asks mutual funds to disclose details of promoter funding

Regulator concerned with low cover taken on such structures and gaps in risk-management

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LS polls: Railways in soup over tea cups with 'main bhi chowkidaar' slogan

The image of the paper cup tweeted by a passenger on Kathgodam Shatabdi went viral

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Reassess your investment portfolio and your insurance needs

Those investors who had not rebalanced their protfolio at the end of the previous year, because mid- and small-cap funds were still rallying, should surely do so now

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India approves new coal projects amid a shrinking global pool

The findings of the report titled 'Boom and Bust 2019: Tracking the Global Coal Plant Pipeline' are disturbing for the coal sector

from Latest News https://ift.tt/2Ug77IY

Podcast: How feasible is Rahul Gandhi's NYAY scheme electoral promise?

A K Bhattacharya explains the problems with the proposed dole of Rs 72,000 per year for 20% poorest families, and how such schemes are not fiscally prudent.

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Power Finance Corporation extends rally on acquisition of REC

PFC has acquired 52.63 per cent equity stake of the Centre in the REC along with the management control

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PNB offloads stake in PNB Housing Finance for Rs 1,851 crore

Both VardePartners and General Atlantic Group will buy 1.089 crore shares each at Rs 850 per share in the housing finance company

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DLF hits 6-month high on successful QIP issue; stock surges 25% in a month

Oppenheimer Global Fund, Society Generale, BNP Paribas, Morgan Stanley France, Copthall Mauritius Investment and Stichting Depositary APG Emerging Markets allotted the shares in the offer

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Opposition plans to cash in on clout of BJP's 'ticket-less' MPs in LS polls

In its list of 61 candidates, the saffron party has refused tickets to 12 MPs, two of whom have already switched sides and joined the rival parties--Samajwadi Party and Congress

from Latest News https://ift.tt/2uva5e6

DLF raises Rs 3,173 cr by selling shares to institutional investors through QIP offer; company to prepay debt

Realty major DLF Friday said it has raised Rs 3,173 crore by selling shares to institutional investors through its QIP offer

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LS polls 2019: We've taken measures to set up chowkidar in space, says Modi

Modi came down heavily on opposition parties who he said 'belittled' the space achievement

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Election Commission warning on electoral bonds: Opaqueness defeats idea of clean money in political funding

Electoral bonds scheme, which came into effect in January 2018, had clocked in over Rs 600 crore political funding by October 2018.

from Latest News Business on Firstpost https://ift.tt/2HMp4sH

PNB to sell partial stake in PNB Housing to private equity firm General Atlantic, Varde Partners for Rs 1,851 crore

PNB has entered into agreements in relation to the said transactions Friday, the public sector bank said in a regulatory filing.

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Pan Card-Aadhaar Card Link: Two days left for tax payers to complete procedure to get seamless services online

The apex court had in September last year declared the Centre's flagship Aadhaar scheme as constitutionally valid but struck down some of its provisions.

from Latest News Business on Firstpost https://ift.tt/2TEDixo

BoB-Dena-Vijaya Bank merger: Amalgamation to create second largest PSB; here is how things will change for customers

The government in September last year had announced the merger of Vijaya Bank and Dena Bank with BoB, aiming to create the third-largest lender after SBI and ICICI Bank.

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Jet Airways delays ECB repayment amid liquidity crunch, defaults debt payback fourth time in recent months

As part of the resolution plan, on Monday, Naresh Goyal quit as chairman of Jet Airways and the board also approved lenders taking control as well as immediate fund infusion of Rs 1,500 crore.

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Rupee rises 15 paise to 69.15 against US dollar in early trade on higher opening in domestic equity market

At the forex, rupee opened strong at 69.20 then gained further momentum and was trading at 69.15, higher by 15 paise over its previous close

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Sensex rises over 200 points, Nifty tops 11,600 mark in early trade on heavy buying in realty, metal and pharma stocks

The 30-share index pared some ground and was trading 82.05 points, or 0.21 percent, up at 38,627.77. It had rallied 412.84 points to 38,545.72 in the previous session.

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Congress' proposal to boost industry: Will give 3-year blanket pass to new ventures, abolish angel tax, says Rahul Gandhi

Rahul Gandhi also assured incentives and tax credits to entrepreneurs based on their ability to create jobs

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Lenders ask NCLAT for fresh round of bidding for debt-ridden Amtek Auto as UK-based Liberty House backs out

CoC led by Corporation Bank informed the NCLAT that the second highest bidder Deccan Value Investors LP is also considering to submit a revised offer

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Supreme Court refuses to stay merger of Vijaya, Dena Bank with Bank of Baroda, dismisses applications by bank officers' associations

The proposed amalgamation will make Bank of Baroda the second largest public sector bank after State Bank of India

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PNB, Bank of Baroda, Union Bank, two other PSU lenders get capital infusion of Rs 21,428 crore from govt

The capital infusion will be by way of preferential allotment of equity shares of the bank during 2018-19, as government's investment, Bank of Baroda said

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Congress party's Nyay scheme poses 'fiscal challenge' to economy, has a 'serious incentive problem', says Arvind Panagariya

Arvind Panagariya said the scheme is difficult to implement and unlikely to achieve its intended objective

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Mindtree board evaluating 'several options' to stave off L&T's hostile takeover bid, says Chairman Krishnakumar Natarajan

Asserting that "independence" of Mindtree is important, Natarajan, one of the company's promoters who had opposed L&T offer, said there is nothing about individuals.

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Need to reinvent NITI Aayog, empower it to perform functions of Centre-state coordination: Former RBI chief YV Reddy

There is a need to upgrade the NITI Aayog and empower it to perform functions of Centre and state coordination, he said

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UAE-based Lulu Group to expand retail business in India; to set up shopping malls in Bengaluru, Chennai

Lulu Group, which is headquartered in Abu Dhabi, already operates a mall in Kochi and have three upcoming projects in Lucknow, Vishakapatanam and Thiruvananthapuram.

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Minimum income support scheme can be realised by cutting other doles: Former RBI Governor YV Reddy

It would be difficult for state governments to implement a similar scheme as they largely depend on the Centre for finance and borrowing limit, Reddy said

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Amway India to tap tier II,III markets under personal care business as segment sees double-digit growth in last 5 years

With the Amway direct sellers base, the company is aiming for a deeper product penetration especially in tier II and III cities, Shah said.

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Rupee plunges 42 paise to end at 69.30 against US dollar amid strengthening of the greenback

Most Asian currencies struggled amid expectations of dovish monetary policy stance by central banks following a deteriorating global economic outlook.

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Bank of Baroda shares jump nearly 7% on govt's decision to infuse Rs 5,042 crore into state-owned lender

The stock of Bank of Baroda climbed 6.62 percent to close at Rs 129.60 on the BSE. During the day, it gained 7.28 percent to Rs 130.40

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Hyatt Hotels to open 14 new hotels in India in 2 years; company to focus on leisure and cultural destinations

Hyatt's new properties will include hotels and resorts in Bengaluru, Dehradun, Udaipur, Gurgaon, Jaipur, and Trivandrum.

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Sensex soars over 400 points, Nifty reclaims 11,500-mark on robust buying in banking, finance, telecom and IT stocks

The 30-share Sensex, after a positive start at 38,208.30, stayed in the green throughout the session, with buying pace gathering momentum towards the end.

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PFC completes REC acquisition, pays Rs 14,500 cr to govt; deal helps meet disinvestment target for current fiscal

PFC has raised money from Bank of Baroda, Life Insurance Corporation and State Bank of India, among others, to make the payment.

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PNB to sell stake in PNB Housing to General Atlantic, Varde for Rs 1,851 cr

PNB has entered into an agreement to sell 1,08,91,733 equity shares held in PNB Housing Finance Ltd to Varde Partners at a price of Rs 850 per share, aggregating to Rs 925.80 crore

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Lok Sabha polls: Urmila Matondkar to contest from Mumbai North for Congress

Matondkar had joined the Congress after meeting Rahul Gandhi on Wednesday and had later said that she was 'here to stay'

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India slams Pak after Security Council resolution against terror financing

The Security Council on Thursday unanimously adopted a resolution calling upon Member States to step up efforts to combat and criminalise the financing of terrorists and their activities

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An online programming challenge gets 21-yr-old a Rs 1.2 cr Google job in UK

21-year-old engineering student from Mumbai, Abdullah Khan was spotted by Google on a website that hosts online programming challenges

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Dhanbad best city for 4G availability in India, Srinagar grabs 3rd spot

Of India's largest cities, none were really stoking the fires in OpenSignal's 4G availability analysis

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Vodafone Idea goes ex-date for rights issue; stock pares gain

The company's board of directors had approved Rs 25,000-crore rights issue on March 20

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Sensex, Nifty set to post double-digit return for third consecutive year

Among individual stocks, Bajaj Finance, RIL and Axis Bank have rallied over 50% each, while ICICI Bank, TCS, Infosys, SBI and HUL gained in the range of 26 per cent to 50 per cent during FY19

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Ola expands footprint in UK, drives into Liverpool, Reading, Birmingham

Ola started Liverpool operation by offering free rides on green tuk-tuks last week for a limited time period, as a part of the promotional campaign

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MSTC locked at 5% upper circuit after weak stock market debut

On the NSE, shares of MSTC opened at Rs 115, a 4 per cent discount to issue price. It touched a high of Rs 120 and a low of Rs 111

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Apparel exporters fear tough year ahead as global orders fall

Demand from key importers and particularly, the United Arab Emirates, has gone down drastically

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SBI Life Insurance falls 6% on BNP Paribas stake sale

Post transaction, BNP Paribas Cardif's stake in SBI Life Insurance is likely to decline to 7.57 per cent from 12.77 per cent

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Putin makes economics curriculum a loyalty test for young Russians

Officials have removed nearly 260 textbooks from the approved list for schools since 2014

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Rupee opens 6 paise higher at 69.24 against US dollar

The domestic unit slumped 42 paise to end at 69.30 on Thursday, its second straight session of decline, in line with other Asian currencies amid strengthening of the greenback.

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Facebook to change how political ads are handled ahead of EU elections

All EU advertisers will need to be authorised in their country to run ads related to politics and issues, a move intended to be a barrier to potential election interference from outside a country

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Boeing sued over Ethiopia crash as plane orders in Asia waver

The lawsuit, filed on behalf of the estate of Ethiopian Airlines passenger Jackson Musoni of Rwanda, claims the 737 Max 8 isn't safely designed

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Data shows UP, India's largest state, elected most dynasts, majority in BJP

The 15th Lok Sabha beginning in 2009 was the most 'dynastic' term yet, comprising 53 MPs with family ties to politicians, 9.5% of the total lower house

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'Come with a plan,' UN chief tells world leaders over grim climate report

The UN chief said he has convened the 'Climate Action Summit' on September 23 and he is telling leaders, "in September, please do not come with a speech; come with a plan'

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AstraZeneca Pharma, Britannia, Wabco and Eicher Motors to watch out for

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

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Grand alliance failed to take off in Assam as Rahul did not override: Gogoi

Gogoi, a six-term former MP and union minister, also rubbished the BJP's allegation of the Congress being a 'dynastic' party

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Record handset sales boosts Huawei profit amid espionage allegations

The Chinese tech giant reported a net profit of 59.3 billion yuan for 2018, up 25 per cent from a year ago, slightly slower than a 28 per cent rise in 2017

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Derivative strategy on Siemens by HDFC Securities

Derivative strategy on Siemens by Nandish Shah, Senior Technical & Derivatives Analyst at HDFC Securities

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AstraZeneca inks $6.9-bn breast, gastric cancer therapy deal with Daiichi

AstraZeneca said the transaction won't impact earnings this year but will make a 'significant contribution' by 2023

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Oil prices set for biggest Q1 gain since 2009 on US sanctions, OPEC cuts

For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 per cent

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The Palladium 'bubble has burst' with biggest price drop in 9 years

The sell-off comes after hedge funds cut bullish bets and some analysts warned of a growing potential for a price correction. A strong dollar added to headwinds

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Perfect disrupter: Rahul's' basic income promise may spell bad news for BJP

Even if 4-5 per cent of voters go in favour of the Congress, it will be a big disaster for the BJP, say experts

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Commodity outlook by Tradebulls Securities: Buy lead, copper

Commodity outlook and trading ideas by Bhavik Patel - Sr. Technical Analyst (Commodities), Tradebulls.

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Market podcast: Macro data to Brexit, factors that may sway sentiment today

The release of key macroeconomic data, global cues, and foreign fund flows are among the factors that may sway investor sentiment on Friday.

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JPMorgan, Nomura job cuts add to shrinking staff in finance sector

Shrinking staff is an annual tradition for the biggest securities firms, which trim personnel in some areas to expand in others or dismiss under-performers to make way for an incoming class of junior

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Top trading calls by Anand Rathi: Buy HDFC, BEML, Piramal Enterprises

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

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Bihar Lok Sabha Elections 2019 LIVE: Sharad Yadav to contest from Madhepura

With voting in the Lok Sabha elections 2019 set to begin in less than two weeks, political parties have upped the ante in their campaigns. Catch LIVE updates on elections 2019

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Apparel exporters fear tough year ahead as global orders fall

Demand from key importers and particularly, the United Arab Emirates, has gone down drastically

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From validity to route distance, govt relaxes norms for e-way bills

The govt is also considering stopping generation of multiple e-way bills on one invoice number

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N K Singh bats for keeping a check on the Centre's fiscal consolidation

Singh had recommended the fiscal road map for the Centre and states

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Synthetic textile manufacturers plan to expand capacity in 3 years

The industry saw nearly 300,000 tonnes of new capacity across the entire value chain in the past two to three years

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Basmati rice export may hit a record level of Rs 30,000 cr this season

However, the export volume is only marginally higher at 2 per cent

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300,000 companies under the tax scanner for money laundering

The tax department will seek restoration of such struck-off companies by filing an appeal before NCLT

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Lok Sabha MPs are 147 times richer than rural households, says report

The top three wealthiest MPs are politicians from Andhra Pradesh and Telangana

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Merchandise exports to be at $330 billion in FY19: Suresh Prabhu

This will be lower than the $350-bn target set by the commerce department

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Indian Railways likely to surpass revised freight target for FY19

The transporter has handled incremental freight traffic of 54.14 mt from April to February in 2018-19

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Delhi cops register case against Fortis' Singh brothers for siphoning funds

FIR against Singh brothers, Godhwani, others for misappropriation of funds, forgery, criminal conspiracy

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Donald Trump presses OPEC to boost output to bring down oil prices

Oil prices took a brief, sharp turn downward after Donald Trump's statement before recovering somewhat.

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Income support scheme can be realised by cutting other doles: Y V Reddy

It would be difficult for state governments to implement a similar scheme as they largely depend on the Centre for finance, he said

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US undermining UNSC by forcefully moving resolution on Azhar: China

"We urge the US to act cautiously and avoid forcefully moving forward this resolution draft," Geng said.

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Delhi Crime: TV series on December 16 gang rape turns focus on cops

Delhi Crime has enough to keep one hooked till the end but is certainly not an easy watch.

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Amul enters the fruit juice market

The move to launch fruit juices comes after the Amul strengthened its portfolio with chocolate based products in past couple of years.

from food-entertainment/personal-care-pet-supplies-liquor - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2V20Iyf

South Korea’s Mirae leads $150m round in BigBasket

The round has valued BigBasket at close to $1.2 billion, marking its entry into the unicorn club of private companies valued over $1 billion.

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Heineken buys 74L shares of UBHL from ED

The shares, which are equivalent to 2.8% stake in United Breweries once helmed by Vijay Mallya, will help push up Heineken’s hold over India’s largest beer maker to about 46%.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2CDsjP1

Ravi Jaipuria to exit loss-making grocery retail business

“We are exiting the J-Mart stores venture as the business model wasn’t working for us,” said Jaipuria, president of the $1.6-billion revenue group.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2V3mGk8

Spiced buttermilk? Coca-Cola turns to grandmas' recipes in India

In India, Coca Cola's hunt for alternatives has led it to tap into a rich vein of what’s known as “ethnic drinks”.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2OxBSDQ

Liquor raids continue in dry Gujarat keeping in view the forthcoming 2019 Lok Sabha elections

"We have arrested two who were present at the place of a raid. One of them is Raju Rajput and the other Prakash Chaudhri, both from Surat" said DGP Jha.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2FzQNtb

CR bans sale of lemon and artificial juices at Mumbai's stations

CR officials clarified that there is no ban on the sale of juices extracted using a juicer, like carrot juice.

from food-entertainment/grocery - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2FxYXlL

South Korea’s Mirae leads $150m round in BigBasket

The round has valued BigBasket at close to $1.2 billion, marking its entry into the unicorn club of private companies valued over $1 billion.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2V4lih8

Heineken buys 74L shares of UBHL from ED

The shares, which are equivalent to 2.8% stake in United Breweries once helmed by Vijay Mallya, will help push up Heineken’s hold over India’s largest beer maker to about 46%.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2CDsjP1

Ravi Jaipuria to exit loss-making grocery retail business

“We are exiting the J-Mart stores venture as the business model wasn’t working for us,” said Jaipuria, president of the $1.6-billion revenue group.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2V3mGk8

Spiced buttermilk? Coca-Cola turns to grandmas' recipes in India

In India, Coca Cola's hunt for alternatives has led it to tap into a rich vein of what’s known as “ethnic drinks”.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2OxBSDQ

Liquor raids continue in dry Gujarat keeping in view the forthcoming 2019 Lok Sabha elections

"We have arrested two who were present at the place of a raid. One of them is Raju Rajput and the other Prakash Chaudhri, both from Surat" said DGP Jha.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2FzQNtb

CR bans sale of lemon and artificial juices at Mumbai's stations

CR officials clarified that there is no ban on the sale of juices extracted using a juicer, like carrot juice.

from food-entertainment - Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://ift.tt/2FxYXlL

The world's best airports of 2019 in pictures, New Delhi's IGI at 59th

The list has been compiled by the UK-based Skytrax, a consultancy firm which runs an airline and airport review and ranking site, featuring 100 airports

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Jet Airways likely to name former SBI chief Arun Kumar Purwar as chairman; lenders' consortium to have two nominees on board

Shares of Jet Airways continued to rise for the second day on Tuesday and closed 6.5 percent higher on the bourses following the exit of Goyal and his wife from its board.

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Nyay scheme will 'remonetise' what Modi 'demonetised', says Rahul Gandhi

Rahul Gandhi said the 'Nyay' scheme has the twin objectives of giving money to the 20 per cent poorest families in India and remonetising the economy "damaged" by demonetisation

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US undermining UNSC by forcefully moving resolution on Azhar: China

"We urge the US to act cautiously and avoid forcefully moving forward this resolution draft," Geng said.

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Maruti's new Ciaz with 1.5L diesel engine unveiled, priced at Rs 9.9 lakh

Retailed through the Nexa network, the company also offers Ciaz with a 1.5-litre petrol engine

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We have shown courage for surgical strikes on land, air and space: Modi

He said the country's 130 crore people had made up their minds that the NDA would return to power

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Bandhan Bank-Gruh Finance merger to give a big push to affordable housing

Bandhan Bank's merger with Gruh Finance would reduce the non-operative promoter Bandhan Financial Holding to 61% from 80%

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Titan Company m-cap crosses Rs 1 trillion-mark; stock hit new highs

Thus far in the calendar year 2019 (CY19), the stock has outperformed the market by rallying 21 per cent, against a 6.7 per cent rise in the S&P BSE Sensex.

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Poll battle: UP CM, BJP MLAs resort to mudslinging as campaigning heats up

Firebrand Uttar Pradesh Chief Minister Yogi Adityanath also finds mention in the list of leaders accused of making personal remarks against political rivals

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PE, VC investments reach $20.5 bn in 2018 on deals in startups, e-commerce, ITeS: Report

The report said it is not unusual to witness high levels of public spending in election years and it may push investments in rural and infrastructure-related sectors in the near-term.

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Manappuram Finance gets Rs 695 crore funding from NABARD; funds to be used for lending to MSMEs

Manappuram Finance will deploy the funds for onward lending to micro, small and medium enterprises (MSME) and microfinance sector under priority sector lending

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PFC completes REC acquisition, pays Rs 14,500 cr to government

PFC bought REC shares at Rs 139.50 per piece with total acquisition cost of about Rs 14,500 crore.

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Mahindra to increase price of vehicles by up to Rs 73,000 from April

Auto major Mahindra & Mahindra (M&M) Thursday said it will increase the price of its passenger and commercial vehicles by Rs 5,000 to Rs 73,000 from April to partially offset the impact of rising input costs. The price of the company's vehicles will go up by 0.5 per cent to 2.7 per cent from next month due to the price hike, the company said in a statement. "This year has seen record high commodity price increases. Further there are regulatory requirements effective April 1 that have also led to cost increases. While we have made efforts to reduce our costs, it has not been possible to hold back the price increase," M&M President Automotive Sector Rajan Wadhera said in the statement. Consequently, the company is taking a price increase from April 1, he added. The company sells various utility vehicles ranging from newly launched compact SUV XUV300 to premium SUV Alturas G4. M&M also sells various commercial vehicles including Supro and Jeeto in the domestic ...

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Daimler and Chinese auto giant Geely to develop next generation smart cars

The new Smart cars will be styled by the Mercedes-Benz Design network with engineering provided by Geely

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Samjhauta case judge says dastardly act unpunished due to lack of evidence

All the four accused -- Naba Kumar Sarkar alias Swami Aseemanand, Lokesh Sharma, Kamal Chauhan and Rajinder Chaudhary -- had been acquitted by the court on March 20

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Paytm to raise $1.5-2 billion from existing investors SoftBank Vision Fund and Alibaba, total valuation to touch $16-18 bn

Paytm's e-commerce affiliate Paytm Mall is also in talks with online marketplace eBay to raise around $150 million

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'Damned if you do and damned if you don't is how I am treated,' says Vijay Mallya after sale of 74 lakh shares by debt recovery tribunal

The ED had attached these shares under the Prevention of Money Laundering Act (PMLA) to ensure that they were not "alienated" or sold by Mallya

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Pumped hydro storage needs $20 billion investment in India: Study

Globally, PHS is an established, proven and cost-effective technology for storing electricity at times of high generation and or low demand which can then be released into peak demand periods

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India's first foreign owned bank is preparing for a $58 million IPO

Last year, Toronto-based Fairfax agreed to invest $168 million for a 51% stake in the Syrian Catholic Bank, the first time the RBI allowed a foreign firm to take a majority interest in a local lender

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Suspended from AAP, sitting Punjab MP Harinder Singh Khalsa joins BJP

Khalsa, who belongs to the SC community, had won the 2014 Lok Sabha polls on the Aam Aadmi Party's ticket, but was suspended from the party in 2015

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US lawmakers urge Trump to delay ending trade benefits to India till polls

India was the largest beneficiary of the programme in 2017 with $5.7 billion in imports to the US given duty-free status

from Latest News https://ift.tt/2YtCleG

Infosys to buy 75% stake in ABN AMRO's mortgage services arm for $143.5 mn

ABN AMRO will continue to hold the remaining 25 per cent stake in Stater, which operates in the Netherlands, Belgium and Germany

from Latest News https://ift.tt/2Wvxurx

Will Samsung Galaxy Fold break if you fold it too hard? Watch stress test

A new video uploaded by Samsung shows behind-the-scenes action where the Galaxy Fold is put through stress test simulating screen fold and unfold mechanism multiple times

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No sale of lemon, artificial juices at Mumbai stations after viral video

The ban, which came into effect, does not include fresh juices made by crushing fruits

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Pulwama attack: Pak says no terror camps in 22 locations shared by India

Pakistan is willing to allow visits, on request, to these locations, the Foreign Office said

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Air India tells pilots to not order special meals during flights; asks them to adhere to a schedule laid down by company

Crew, for medical reasons, may order special meals, said Amitabh Singh, director (Operations), Air India, in an e-mail to pilots

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F&O cues: Positive rollover may help Nifty cross 11,600 comfortably

Stocks like YES Bank, HDFC and TCS are witnessing higher open interest (OI) for April series.

from Latest News https://ift.tt/2WqJZER

Bullish bets on Indian rupee rise ahead of Lok Sabha elections 2019: Poll

The confidence rode on brightening re-election prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janta Party, translating into inflows of $5.99 billion so far this year into equities.

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Govt to infuse Rs 5,042-crore capital into Bank of Baroda ahead of Dena Bank, Vijaya Bank merger

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank

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Your next plate of pasta might have an extra twist: hydrogen-methane blend

It will be Europe's first commercial test of a hydrogen-methane blend in a high-pressure network. The facilities previously ran entirely on traditional natural gas

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Bullish bets on Indian rupee rise ahead of Lok Sabha elections 2019: Poll

The confidence rode on brightening re-election prospects of Prime Minister Narendra Modi and his ruling Bharatiya Janta Party, translating into inflows of $5.99 billion so far this year into equities.

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PSBs surge: Oriental Bank, PNB, Union Bank, BOI, BOB up over 25% in March

Thus far in March month, Nifty PSU Bank index surged 18%, its biggest monthly gain in past 17 months, as compared to 6.5% rise in the Nifty 50 index.

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Govt to infuse Rs 5,042 cr into BoB ahead of merger with Dena, Vijaya

The government in September last year had announced merger of Vijaya Bank and Dena Bank with Bank of Baroda, aiming to create the third-largest lender after SBI and ICICI Bank

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Singapore airport named world's best, New Delhi's IGI up 8 notches at 59th

The list has been compiled by the UK-based Skytrax

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Milk production to grow slower at 3-4% in FY20 on lower investments in cattle, no correction in farm gate prices: Crisil

Crisil expects domestic milk production to grow slower at 3-4 percent in fiscal 2020, compared with a compound annual growth rate of 6.5 percent during the previous three fiscals till 2018.

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CBDT raises alarm as direct tax collection remains short of 15%; officials asked to pull up socks to achieve target

The officer expressed CBDT's disappointment at this situation and has asked the supervisory tax officials to pull up their socks and ensure no stone remains unturned to achieve the target.

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Startup Nestaway Technologies forays into Chennai, to bring onboard 500 family homes in city by year-end

Nestaway helps tenants find rented houses, for a minimum tenure of 11 months, and provide home maintenance services

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Nifty, Sensex rise ahead of derivatives expiry; investors turn focus on RBI policy meet for further cues

The Reserve Bank of India's monetary policy decision is scheduled next week, where it is expected to slash rates to boost spending

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Rupee falls 10 paise to 68.98 against dollar in early trade on increased demand for greenbacks

The rupee opened lower at 69.04 and weakened further to 69.06 but recovered partially to quote 10 paise down at 68.98 against the dollar at 0924 hours.

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Mehul Choksi claims innocence, says not related to two firms involved in over Rs 14,000 cr PNB fraud

In a statement issued by his lawyers, the raids against Choksi were on the basis of "an old and dated (KYC) document" given to PNB

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Raghuram Rajan questions Narendra Modi's minimum govt, maximum governance promise

Raghuram Rajan said the state has gained more power sans any checks and balances and has created too much inefficiencies in its wake

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Rahul Gandhi's NYAY a test on fiscal prudence: Economy must be strong enough to bear pressure of Rs 3.6 lakh cr

If one is in principle okay with a universal basic income approach, then this scheme of minimum income guarantee is a modification of the same where the beneficiaries are not universal but a targeted section.

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Rahul consulted Raghuram Rajan for Nyay scheme, ex-RBI chief confirms, calls Congress's minimum income scheme 'doable'

Former Reserve Bank of India governor Raghuram Rajan on Wednesday admitted that he has offered his views to the Congress leadership on the Nyay scheme,

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Boeing announces software fixes on 737 MAX, pledges to do 'everything it can' to make sure there are no more crashes

Boeing gathered hundreds of pilots and reporters to unveil the changes to the MCAS stall prevention system, which has been implicated in the crashes in Ethiopia and Indonesia, as part of a charm offensive to restore the company's reputation.

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RBI likely to cut repo rate by 25 bps due to weak economic activity, inflation, says Goldman Sachs report

Goldman Sachs expects inflation to remain below the RBI's medium term target until the end of 2019

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Raghuram Rajan says he was consulted, offered views on Rahul Gandhi's Nyay scheme

Raghuram Rajan said it is a "misreading" of the Nyuntam Aay Yojana (Nyay) scheme by critics, who claim this will incentivise people to not work at all

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Sterling Biotech Rs 8,100 cr bank fraud: ED claims Sandesara family misused public money to splurge on luxury watches, diamond jewellery, liquor

Sandesara brothers, Nitin, Chetan and his wife Dipti, are suspected to be hiding in Tirana, national capital of Albania

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NTPC raises $450 mn from international market; fund will be used to finance new power, coal mining projects

The notes represent direct, unconditional and unsecured obligations of NTPC and will rank pari passu among themselves and all other unsecured obligations of NTPC, it said.

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NA Soonawala steps down from trusteeship of Tata Trusts on health grounds, advancing age

The 83-year-old Soonawala, who has served at various positions in the Tata group including as the vice-chairman of Tata Sons.

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SEBI defers implementation of revised norms for royalty payment; consultation paper on SROs in securities market soon

Following the decision taken at the SEBI's board meeting here, the implementation of a provision of the amended norms would have been deferred till 30 June, 2019.

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Rupee settles marginally lower at 68.88 against US dollar amid robust selling in domestic equities

Forex traders said increased demand for the US currency from importers weighed on the rupee. However, sustained foreign fund inflows and easing crude oil prices cushioned the fall.

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Jet Airways shares continue upward march; close over 3% higher as co sets target of flying 40 additional aircraft by April-end

The stock of Jet Airways closed at Rs 277.15, up 2.27 percent on the BSE. During the day, it gained 5.79 percent to Rs 286.70

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Sensex slips 100 points, Nifty closes below 11,450 ahead of F&O expiry; weak rupee weighs on the markets

The 30-share BSE Sensex settled 100.53 points, or 0.26 percent lower at 38,132.88, while the broader NSE Nifty slipped 38.20 points, or 0.33 percent, to 11,445.05

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Essar Steel Committee of Creditors meets over distribution of Rs 42,000 crore; NCLAT to wait for the outcome

The NCLAT had on 20 March asked the resolution professional of Essar Steel to call for a fresh meeting of its CoC to reconsider distribution of Rs 42,000 crore fund

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Sale of Vijay Mallya's 74 lakh shares in UBHL fetches Rs 1,008 crore; more stake sell-off to follow soon: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

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Realty market on recovery path, to grow in 2019; will add 200 mn sq ft space across all segments this year: CBRE

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Rahul Gandhi's minimum income scheme: Middle class should brace for return of high taxes or hyperinflation

Narender Modi government spared those earning Rs 5 lakh or less from income tax. If NYAY is implemented they will be brought back into the income tax net

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Assocham pitches for a reduction in corporation tax rates cut

The Assocham president also called for setting up development financial institutions, exempting securities held for at least three years from long term capital gains tax among other issues

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Only MF that has filed cases against wilful defaulters sees some recoveries

UTI mutual fund has 27 cases with an amount of Rs 252.6 crore outstanding, according to data from TransUnion Cibil

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Exotic derivatives can make GIFT a viable global financial hub

Experts say it is about time RBI lift the ban on such derivatives but there aren't enough natural safeguards if the deals are misused by writers and marketers of the contractors

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Why Apple's foray into entertainment, finance could be as epochal as iPhone

The tech major is at an inflexion point huge companies always reach. Good thing is it's trying to defy age

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Here are 50 best restaurants in Asia; only one Indian eatery makes the cut

Gaggan landed in second place, still retaining the title of Thailand's best-a bittersweet run for a restaurant that is due to close in 2020 as chef-owner Gaggan Anand plans new ventures in Japan

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Mobile number portability requests at 9-month high of 5.9 million in Jan

Metros still resisting the minimum recharge plan push by telcos

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DHFL gains 14% on reports of Piramal, Baring PE eyeing majority stake

A media report said DHFL's discussions with Piramal Group and Baring PE were in advanced stages of negotiations

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Plan to invest in the yellow metal? Digital gold is a cost-effective way

You can buy in small quantities over time and take a physical delivery later

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Renault-Nissan, Fiat merger would dwarf Volkswagen as biggest automaker

Renault SA aims to restart merger talks with alliance partner Nissan Motor Co. within 12 months, then acquire another rival -- with Fiat Chrysler Automobiles NV a top target, Financial Times reported

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HCL Technologies nears all-time high; stock surges 4%

The firm has signed 17 transformational deals during the quarter for another straight quarter driven by financial services, technology & services and manufacturing

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Rahul's NYAY scheme could work but must not replace social spending: Expert

Using simple projections, a minimum income set at Rs 72,000 per year would cost about 1.3% of GDP and benefit the bottom 33% of households

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All-women polling booths in every LS constituency of Maharashtra

As per the Election Commission's (EC) directions to set up polling stations entirely managed by women, such booths will be set up in all 40 Lok Sabha seats of the state

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Honda, Hino to join SoftBank, Toyota's self-driving car service venture

Japanese tech and telecoms conglomerate SoftBank and Toyota formed the joint venture last year. It will foray in the ride-sharing sphere that is dominated by Uber, Didi Chuxing and Lyft

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PM Modi's rallies, SC decision on EWS quota and more: Top events of today

Here are some of the most important news events scheduled for today that will be keenly watched

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This Sensex stock has gained over 50% for six years in a row; any guesses?

Thus far in the FY 2018-19, the stock has rallied 66 per cent, against 16 per cent rise in the benchmark indices. It is the top gainer among Sensex and Nifty50 stocks during the fiscal year.

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How A-SAT can destroy enemy's ability to use space technology against India

This capability will deny any adversary, the use of satellites and other space-crafts, as a platform for any offensive operations against India

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Talc cancer trial; New Jersey jury finds J&J not liable; co settles 3 cases

(Reuters) - A New Jersey jury on Wednesday cleared Johnson & Johnson of liability in a lawsuit brought by a man who said that asbestos in the company's talcum powder products caused his mesothelioma.

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Boeing was close to software fix for 737 Max before Ethiopia plane crash

Among the challenges for Boeing flight-control engineers is girding against "unknown, unknowns," the random and unlikely circumstances that could cause the so-called MCAS software to overwhelm pilots

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Rupee opens 23 paise lower at 69.11 against US dollar

The domestic unit weakened marginally by 2 paise to close at 68.88 on Wednesday on the strengthening of the American currency and robust selling in domestic equities.

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Royal Enfield's 650cc Twin leads mid-sized motorcycles market in Feb

Royal Enfield has more than three million customers waiting to upgrade to higher-powered motorcycles

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Tata Motors, TCNS Clothing, Vedanta and M&M Fin may hog the limelight

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

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Aditya Khaitan takes over McLeod Russel as the new chairman

The development comes at a time when McLeod Russel has been selling its tea assets in India and Africa to pare debt

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I-T, CRPF personnel carry out raids at Karnataka minister Puttaraju's house

'I'm not deterred by the raids, which are election-related. I would like to know which BJP leader's house in Karnataka has been raided,' Puttaraju, who is in-charge minister of Mandya district, said

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Pak's emerging market status in jeopardy over worst sell-off in a decade

Habib Bank Ltd., one of the three stocks in the MSCI's Pakistan gauge, now has a market capitalisation below $1.6 billion

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Stock calls by Tradebulls Securities: Sell LIC Housing Fin, Jubilant Food

Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.

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Market Ahead: F&O expiry, rupee, global cues may steer indices today

The domestic equity market's movement today will be driven by the futures and options expiry for March contracts, with investors rolling over positions to April series.

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$3.3-bn Tata fund manager fears hung parliament may end India's share rally

Tata Asset's strategy is to bet on shares that failed to participate in the rally

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MARKETS LIVE: Sensex up 150 points, Nifty over 11,500; IT, realty gain

Catch all the live market updates here

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Top 10 biz headlines: Jet auction, Tata's GMR bet, Mindtree blinks & more

From GMR stake sale to Mindtree- L&T conciliation, Business Standard brings you top 10 business stories that made news on Wednesday

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Today's picks: From HPCL to Titan, hot stocks to buy on Thursday

For HPCL, Keep a stop at 271 and go short

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CBDT raises alarm as direct tax collection stands at Rs 10.21 trillion

Asks for urgent action, especially with respect to recovery of arrears and current demand, to achieve the collection target

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Govt to crack down on mills for selling sugar below MSP, letter warns

Sugar mills face cash crunch as they have to pay stipulated prices to buy cane from farmers at a time when there is a glut of sugar

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India now has capability to hit targets in space with accuracy: DRDO chief

The test was conducted, under 'Mission Shakti' operation, from the Dr AP J Abdul Kalam Island in Odisha

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Mission Shakti: India's space research spending triples to Rs 11,538 crore

India's spending on space research almost tripled from Rs 4,163 crore in 2009-10 to Rs 11,538 crore in 2018-19

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Efficacy of rural development schemes to depend upon implementation: Report

A fund of about $350 million is proposed to develop and upgrade agri marketing infrastructure

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UK to not impose any new tariffs on Indian seafood exporters after Brexit

UK intends to retain the same GSP tariff preference for shrimps from India

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From Vivo to MakeMyTrip, brands put their best foot forward for IPL

Brands cash in on the annual cricket carnival with big budget campaigns and product launches

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Unilever to pick "trusted publishers" for digital advertising

The initiative by the consumer goods giant, to be announced on Thursday, is aimed at giving the maker of Dove soap and Hellmann's mayonnaise more control and visibility over where its ads are placed, in the hope of reducing ad fraud and improving brand safety and quality of online traffic.

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Sale of Mallya's UBHL shares fetch Rs 1,008 crore: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

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Walmart Foundation supports IDEI irrigation project to raise incomes for 10,000 smallholder farmers

More than 62% of the population of Andhra Pradesh are dependent on agriculture, and lack access to irrigation systems or other technologies to help them improve their productivity and income.

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Sale of Mallya's UBHL shares fetch Rs 1,008 crore: ED

Subsequently, the ED said, the recovery officer of the DRT, Bangalore published a notice early this month for the sale of a total of 74,04,932 shares of UBHL.

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Walmart Foundation supports IDEI irrigation project to raise incomes for 10,000 smallholder farmers

More than 62% of the population of Andhra Pradesh are dependent on agriculture, and lack access to irrigation systems or other technologies to help them improve their productivity and income.

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Adityanath govt banking on MSME scheme in UP to counter unemployment

Yogi government claims loans worth Rs 17,500 crore disbursed to entrepreneurs under ODOP scheme

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Among all who could have been India's PM, Sharad Pawar still has a chance

In the run-up to Lok Sabha Elections 2019, Pawar has so far ruled himself out of contention while leading a possible coalition comprising the Congress and regional parties

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Adityanath govt banking on MSME scheme in UP to counter unemployment

Yogi government claims loans worth Rs 17,500 crore disbursed to entrepreneurs under ODOP scheme

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Willing to return if there's an opportunity to be of use, Raghuram Rajan

Raghuram Rajan, a former Chief Economist at the International Monetary Fund who was denied a second term as Reserve Bank Governor by the BJP-led government

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Nifty PSU Bank index hits over 6-month high, SBI gains 6% in two days

Nifty PSU Bank index has gained 4% in the past two days. It hit an intra-day high of 3,249 on Wednesday, its highest level since September 4, 2018.

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Willing to return if there's an opportunity to be of use, Raghuram Rajan

Raghuram Rajan, a former Chief Economist at the International Monetary Fund who was denied a second term as Reserve Bank Governor by the BJP-led government

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Stock market sees heavy volatility during Narendra Modi's address to the nation; Sensex jumps over 200 points

The 30-share benchmark index dived by over 100 points but recovered sharply to 38,402.35 at 1234 hrs as Modi announced that India had shot down a live satellite in space

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Lok Sabha Elections 2019: How data is driving the polls this time

Unlike in 2014, when data in public eye mostly focused on corruption issues, including in allotment of natural resources, the 2019 polls have a data point for every segment of the Indian voter base

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Tipu Sultan's silver-mounted gun fetches 60,000 pounds at UK auction

The highlight lot, a silver-mounted 20-bore flintlock gun and bayonet from the personal armoury of the last ruler of Mysore

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Flipkart launches fund to back early-stage start-ups, will target e-commerce, financial technology companies

The fund will target budding companies working in areas related to e-commerce, financial technology, payments and complementary spaces, Flipkart said

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Raghuram Rajan says he will return if there is an opportunity to be of use; says country needs new set of reforms

Raghuram Rajan said it was "premature" to discuss if he was approached by any of the parties to take up a policy-making position if they were to win.

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Realty market to add 200 million sq ft space across segments in 2019: CBRE

Housing sales are expected to rise in 2019, as the realty market is on a recovery path after absorbing the impact of policy reforms like RERA, GST and note ban, according to CBRE. CBRE said 200 million sq ft of space will be added in 2019 across all segments including housing, office, retail and logistics. The real estate stock in India will reach 3.7 trillion sq ft at the end of this year, the consultant said in a report 'Real Estate Market Outlook 2019 - India' released here. "The growth of the Indian Real Estate market in 2019 will be driven by numerous factors including technology, demand-supply dynamics, improved ease of doing business rankings and the dust settling post the implementation of reforms such as GST, RERA among others," said Anshuman Magazine, Chairman & CEO of CBRE India. He further said, significant growth across segments, will lead to the addition of almost 200 million sq ft of new real estate space in 2019 across categories including office, retail, ...

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Digital sectors can comprise 10% of GDP by 2025: McKinsey

Low income states are leapfrogging growth thanks to internet penetration

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Tata Group, GIC, SSG Capital Management to buy stake in GMR Airport by investing Rs 8,000 cr

As part of this transaction, GMR Infrastructure also intends to provide exit to existing private equity investors who hold 5.8 percent equity stake in GMR Airport Ltd.

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India's 'power' conundrum: Deeply connected but not yet electrified

Discoms go back in red, clouding the country's '24x7 power' dream

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Tata Group, GIC, SSG Capital Management to buy stake in GMR Airports by investing Rs 8,000 cr

As part of this transaction, GMR Infrastructure also intends to provide exit to existing private equity investors who hold 5.8 percent equity stake in GMR Airport Ltd.

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Centre issue tenders for developing 30,000 MW of renewable project tenders

Of the tenders issued, Andhra Pradesh has already received expression of interest for its 600 MW hybrid power project from close to a dozen companies

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Lok Sabha elections: Govt likely to get EC nod to revise MNREGA wages

The government in this year's interim budget had proposed to allocate Rs 60,000 crore for rural employment scheme under MGNREGA for the year 2019-20

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India seeks bids for $5-bn transmission lines to fuel renewables growth

Prime Minister Narendra Modi's government has set a goal to raise solar power generation to 100 GW and wind to 60 GW by 2022

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Soonawala retires as trustee of Tata Trusts due to health reasons

A Tata group veteran, Soonawala is known to be a close confidant of group patriarch Ratan Tata

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Centre issue tenders for developing 30,000 MW of renewable project tenders

Of the tenders issued, Andhra Pradesh has already received expression of interest for its 600 MW hybrid power project from close to a dozen companies

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Jewellers re-start monthly deposit schemes after two weeks of suspension

Experts believe the schemes are very much within the definition of 'deposit' but clarity is needed based on intent

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Nirav Modi extradition: Joint CBI-ED team to leave for London

The ED officer will carry the latest charge sheet filed by the agency against Modi's wife Ami and the recent attachments made by it in the case

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SML Isuzu nears 52-week high; stock zooms 50% in March

It has rallied 64 per cent from its 52-week low value of Rs 520 hit on February 19, 2019 in intra-day trade

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Pant can't be swashbuckler every day, Dhawan needs to pace up: Ponting

Dhawan's strike-rate has been less than 115, which is considered poor in T20 format as his scores of 43 off 36 balls (MI) and 51 off 47 balls (CSK) would indicate

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Huawei P30 Pro unveiled: Key things to know about 'best camera smartphone'

Huawei P30 Pro is company's first smartphone to boast a periscope telephoto lens capable of 5x optical zoom, 10x hybrid zoom and up to 50x digital zoom

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Samsung Galaxy A70 with tri-camera module announced, India launch on Apr 10

Galaxy A70 boasts Samsung's first 25W fast-charging technology for quicker battery replenishment time. Powered by 4,500 mAh battery, the phone has 6.7-inch fullHD+ AMOLED screen with a waterdrop notch

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India successfully tests A-SAT missile to shoot down LEO satellite: PM Modi

India is the country other than US, China and Russia to have developed this capability

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Cong' $5-bn basic income plan sounds like tonic, but lacks funding details

Income support is a hot topic as India prepares for elections starting April

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Chart Check: Will RIL, SBI and Axis Bank move higher from current levels?

Currently, Rs 1,300 stands as immediate support for Reliance Industries stock, subsequently followed by Rs 1,260 level.

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Nearly 57% professionals to switch careers to get closer to dream job; impact on pay, designation deters 51%

While 62 percent professionals had chosen their careers because it is something they have always wanted to do, 53 percent chose their careers as it fulfils them.

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Procter & Gamble India clocks 15% sales growth during July-December 2018; revamped strategy yields results

Procter & Gamble had reported a 10.64 percent increase in net profit at Rs 115.56 crore for the first quarter ended 30 September, 2018.

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Implementation of minimum income scheme proposed by Congress not an easy task, say experts

Financing Congress President Rahul Gandhi's minimum income scheme, aiming to lift five crore families or 25 crore people out of poverty, may be an uphill task, said several leading economists and social scientists.

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Bank branches dealing with govt business to remain open on Sunday to facilitate payment transactions: RBI

Government has advised that all Pay and Account Offices will remain open on 31 March, 2019 (Sunday) to facilitate government receipt and payment transactions

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Farm loan waivers kill credit culture, need to focus on agri distress resolution: Former RBI governor Raghuram Rajan

Loan waivers cover only those farmers who have taken loans from the formal system, Raghuram Rajan said

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Nirav Modi case: ED team to leave for London on Friday; PNB scam accused to make second bail application on 29 March

Nirav Modi is set to appear before Westminster Magistrates Court in London on Friday, when his legal team will make a second bail application

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Sensex jumps over 200 points, Nifty reclaims 11,500-level in early trade; banking stocks, Sun Pharma, L&T rally

Sensex was trading 205.47 points, or 0.54 percent, higher at 38,438.88 in early trade

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Rupee slips 12 paise to 68.98 against US dollar in early trade on increased demand for greenbacks

A higher opening in domestic equities and sustained foreign fun inflows helped in restricting the slide in the Indian unit to some extent

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How can absconding promoters make one-time settlement offers, NCLT asks Sterling Biotech lenders

The four promoters of Sterling Biotech--Nitin Sandesara, Chetankumar Sandesara, Dipti Chetan Sandesara and Hiteshkumar Patel, are absconding and are facing extradition orders.

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Lakshmi Mittal helps younger brother Pramod settle Rs 2,210 cr State Trading Corporation dues, avoid legal troubles

Lakshmi Mittal has extended Rs 1,600 crore financial help to Pramod Mittal, which rescued him from various criminal and other proceedings, sources said

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Nirav Modi case: Ex-PNB chief Usha Ananthasubramanian approaches National Company Law Appellate Tribunal

Usha Ananthasubramanian approached the NCLAT against the NCLT order which has made her a respondent in the PNB-Nirav Modi fraud case

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DLF to raise Rs 3,200 crore via QIP in a bid to become debt-free; issue subscribed two times

DLF launched its qualified institutional placement (QIP) offering up to 17.3 crore shares to investors

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Sale of Vijay Mallya's shares worth Rs 1,000 cr cleared; liquidator to sell 7.4 mn United Breweries' stocks today

This is the first sale of Vijay Mallya's confiscated assets by the authorities since he left the country in March 2016

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PNB fraud-accused Nirav Modi's art collection fetches Rs 55 crore; remaining artwork to be auctioned by ED

Of the gross proceeds from the auction of Nirav Modi's art collection, the Income Tax Department will get a net of Rs 54.84 crore, with the rest being the commission to the auction house Saffronart and the buyers' premium.

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Jet Airways' new investor needs to bring Rs 4,500 cr capital, says SBI; Expression of Interest to be issued next month

There has been a lot of interest in Jet Airways and the buyer has to bring in equity of about Rs 4,500 crore to keep it running

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Jet Airways to fly 40 more planes by end April; in talks with leasing companies to restart operation of grounded aircraft

Gasping for funds and no bailout on the horizon, the crisis-hit Jet Airways reduced its operations to one-fourth from over 600 daily flights earlier, with just one-third of its 119 fleet being operational.

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PFC to pay entire Rs 14,500 cr to government on Thursday for acquiring 52.63% stake in REC

State-owned Power Finance Corporation (PFC) on Thursday will make the entire payment of Rs 14,500 crore to the government for acquiring 52.63 percent stake in REC, a source said

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Raghuram Rajan raises doubts over Indian economy growing at 7%, says cloud over GDP data needs to be cleared

On the question of lack of jobs, indicated by the data of the NSSO recently, Raghuram Rajan said there was a need for credible data.

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India becomes second largest market for Marks & Spencer after UK; eyes double-digit growth in store addition this fiscal

For Marks & Spencer, India is a "strategic market", where there is acceptance of international brands and has space to grow.

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CCI approves Tirumala Milk Products' acquisition of Sunfresh Agro Industries, Prabhat's dairy business

The CCI also said it "approves acquisition by Varun Beverages of 9 manufacturing plants and franchise rights for 7 states and 5 unions territories as a going concern on a slump-sale basis from PepsiCo."

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Rupee rises 10 paise to 68.86 against US dollar as Reserve Bank's swap auction elicits strong response

Sustained foreign fund inflows and heavy buying in domestic equities also propped up the local unit, forex traders said

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Crisis-hit realty firm Unitech sells power transmission business to Sterling and Wilson

Unitech Power Transmission is engaged in the business of manufacturing and installation of power transmission lines.

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Shares of DLF rise by nearly 4% as co launches QIP offer to raise over Rs 3,000 crore

The stock gained 3.80 percent to close at Rs 196.60 on the BSE. During the day, it jumped 8.23 percent to Rs 205.

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RBI slaps Rs 2 cr penalty on Punjab National Bank for violating SWIFT norms

The RBI has slapped a penalty of Rs 2 crore on Punjab National Bank (PNB) for non-compliance of regulatory directions with regard to SWIFT operations, the state-run lender said on Tuesday

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Lok Sabha polls LIVE: Priyanka Gandhi to lobby for Rahul in Amethi today

Political parties are leaving no stone unturned in a bid to woo voters with promises and assurances galore. Catch LIVE updates on Lok Sabha Elections 2019 campaigns

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PM Modi's address to nation LIVE updates: Key announcement coming

Prime Minister Narendra Modi said on Twitter that he would address the nation around noon and make a very important announcement. Stay tuned for the latest updates from the address

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IIFCL to raise up to Rs 1,200 crore through bonds to improve capital base

Delhi-based infrastructure lending company has seen pressure on its capital adequacy due to higher provisions for non-performing assets

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Lok Sabha Elections 2019: Here's how to change the address in Voter Id card

Need to change your address on your Voter ID card? Here's your guide to doing it to be able to vote for your favourite candidate/party in the upcoming Lok Sabha Elections 2019 and future elections

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Vodafone Idea hits fresh low of Rs 28.30 ahead of rights issue

The firm has fixed April 2 as the record date for the purpose of determining the shareholders who will be eligible to apply for the rights issue

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United Breweries gains 6% to Rs 1,428 after block deals

Around 7.41 million shares, representing 2.8 per cent of total equity of United Breweries, changed hands via block deals at a price of Rs 1,381.60

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ICICI Prudential surges 9% after good response for OFS

The stock rallied 9 per cent to Rs 348 on the BSE in early morning trade as the offer for sale of the company saw subscription of 3.9 times.

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How Boeing, US aviation agency plan to restore public faith in 737 Max

It's possible the changes will get the 737 Max back in the air within weeks, said aviation consultant Robert Mann

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Rupee declines 13 paise against US dollar in early trade

On Tuesday, the domestic unit appreciated by 10 paise to end at 68.86 following a robust response to RBI's maiden rupee-dollar swap auction.

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Apple violated Qualcomm patent; judge for import ban on China-made iPhones

The original complaint linked that patent only to the iPhone 7 and iPhone 7 Plus, but it was unclear which models would be affected by this decision

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Tata, GIC, SSG to pick up Rs 80-billion stakes in GMR's airport unit

The deal will pump Rs 10 billion into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase Rs 70 billion of the airport unit's equity shares from the parent

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Cathay Pacific to buy HK Express for $628 mn, enter budget airline segment

HK Express reported a HK$141 million net loss in 2018 and had a net asset value of HK$1.12 billion, Cathay said

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Vedanta, Sheela Foam, GMR Infra and PNB among top stocks to track today

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

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Boeing 737 MAX: What we know of Indonesia crash and what comes next

Investigators looking to uncover the causes must answer one of the biggest questions: Was the plane's software to blame?

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