Wednesday, August 31, 2022

Ashok Leyland tests 4-year high on mega 1,400 school bus order in UAE

Ashok Leyland tests 4-year high on mega 1,400 school bus order in UAE The total fleet deal worth AED 276 Million (USD 75.15 million) for the GCC-made buses has been bagged by Chennai-based Ashok Leyland#39;s UAE distribution partners, Swaidan Trading - Al Naboodah Group.

from Moneycontrol Business News https://ift.tt/k325uBl

Meta takes action against 2.7 crore posts on Facebook, Instagram in India

Meta takes action against 2.7 crore posts on Facebook, Instagram in India The company took action against 2.5 crore posts on Facebook and 20 lakh posts on Instagram to comply with Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021.

from Moneycontrol Business News https://ift.tt/JuTykKY

Inox Leisure to add 834 screens after FY23

Inox Leisure to add 834 screens after FY23 The company, which was operating 692 screens in 73 cities across India as on June 30, 2022, estimates the total screen count to go up to 752 by the end of ongoing fiscal year.

from Moneycontrol Business News https://ift.tt/aPkCgvu

NTPC gets shareholders#39; nod to raise up to Rs 12,000 crore via bonds

NTPC gets shareholders#39; nod to raise up to Rs 12,000 crore via bonds The resolution was passed with requisite majority in the annual general meeting held on Tuesday.

from Moneycontrol Business News https://ift.tt/pznSRa3

Narayana Health looks at tech to make healthcare affordable for all: Vice chairperson Viren Prasad Viren Prasad Shetty

Narayana Health looks at tech to make healthcare affordable for all: Vice chairperson Viren Prasad Viren Prasad Shetty The Bengaluru-headquartered chain, founded by noted cardiac surgeon Dr Devi Shetty in 2000, has a razor-sharp focus on making healthcare affordable through the use of technology and removing inefficiencies in the system, Shetty told PTI in an interview.

from Moneycontrol Business News https://ift.tt/vldhtDx

Tuesday, August 30, 2022

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/NCk9xFf

NHPC to sell power to PTC India from upcoming Nepal projects

NHPC to sell power to PTC India from upcoming Nepal projects The MoU was signed by NHPC CMD A.K. Singh and Dr. Rajib K. Mishra, CMD, PTC India Limited.

from Moneycontrol Business News https://ift.tt/L92tTKi

Tata Steel to invest over 65 million euros for hydrogen-based steel manufacturing in Netherlands

Tata Steel to invest over 65 million euros for hydrogen-based steel manufacturing in Netherlands Tata Steel has inked pacts with three firms -- McDermott, Danieli and Hatch -- for the further technical preparations for hydrogen-based steel manufacturing in the Dutch city of Ijmuiden.

from Moneycontrol Business News https://ift.tt/JQxNsfI

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea

Bank of India moves NCLT against Future Lifestyle Fashions, files insolvency plea A copy of the petition filed before the NCLT, under Section 7 of the Insolvency and Bankruptcy Code, has been served by the advocate on behalf of Bank of India, FLFL said in a regulatory filing on Monday.

from Moneycontrol Business News https://ift.tt/LkCa0r7

As Warren Buffet turns 92, some inspirational quotes from Oracle of Omaha

As Warren Buffet turns 92, some inspirational quotes from Oracle of Omaha Warren Buffett, one of the most successful investors in history, turned 92 this year on August 30. According to Forbes, the chairman and CEO of Berkshire Hathaway is the fifth richest person in the world, with an estimated net worth of $100.2 billion as of today.

from Moneycontrol Business News https://ift.tt/rxolZnH

IntrCity SmartBus to raise $20-30 million by this year-end

IntrCity SmartBus to raise $20-30 million by this year-end Kapil Raizada said the company plans to enhance capacity on the existing routes besides expanding its services on some new routes in the next 12-18 months.

from Moneycontrol Business News https://ift.tt/7kxAYm9

Govt may invite financial bids for Shipping Corporation sale in March quarter

Govt may invite financial bids for Shipping Corporation sale in March quarter "The demerger of non-core and land assets of Shipping Corporation is at an advanced stage. The process is expected to be over in about three months#39; time, after which financial bids will be invited," the official told PTI.

from Moneycontrol Business News https://ift.tt/s1DLVBw

Monday, August 29, 2022

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/nrV41Pw

PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh

PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh Deepak Parekh, the chairman of the largest pure-play mortgage finance company HDFC, said Modi needs to be at the helm for two more terms to "change the face of the country".

from Moneycontrol Business News https://ift.tt/oRVv2Jw

ABB India expands, upgrades Smart Power factory in Nelamangala, Bengaluru

ABB India expands, upgrades Smart Power factory in Nelamangala, Bengaluru The smart facility harnesses advanced collaborative robotics technology for better human-machine interface, artificial intelligence (AI) and advanced digitalization technologies to create a sophisticated, automated, and flexible future-ready factory, ABB India said in a statement.

from Moneycontrol Business News https://ift.tt/wy0YGnc

Sunday, August 28, 2022

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution “Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!” he said in a tweet.

from Moneycontrol Business News https://ift.tt/CRxtFED

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution

Uday Kotak warns of sharp correction in market after Jerome Powell#39;s #39;economic pain#39; caution “Federal Reserve Chairman Powell finally spoke firmly to fight inflation. Reminds us of Paul Volcker who broke the back of US inflation in 70s/80s. Watch out for Quantitative Tightening ( QT). US rules the financial world. Opiated markets will wake up and smell the coffee!” he said in a tweet.

from Moneycontrol Business News https://ift.tt/fU89lbA

Succession, spinoffs in focus in billionaire Mukesh Ambani’s big speech

Succession, spinoffs in focus in billionaire Mukesh Ambani’s big speech This year, investors in the Indian billionaire’s Reliance Industries Ltd. will be looking for insight around the conglomerate’s 5G rollout, how Ambani plans to unlock the value of his telecommunications and retail units through separate listings, and when and how his children will take over the reins.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/succession-spinoffsfocusbillionaire-mukesh-ambani’s-big-speech_16606021.html

MC Insider: Stock market operators hurting, mis-selling lender under scrutiny, what the regulator told an MF CEO, and more

MC Insider: Stock market operators hurting, mis-selling lender under scrutiny, what the regulator told an MF CEO, and more NULL

from Moneycontrol Business News https://ift.tt/ECiJySO

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/DFuEOH7

Japan#39;s Suzuki drives deeper into India with global RD unit

Japan#39;s Suzuki drives deeper into India with global RD unit The new company, a wholly owned unit of Suzuki Japan, will strengthen the carmaker#39;s RD competitiveness and capabilities in India and other global markets, Toshihiro Suzuki told an event in Gandhinagar, the capital of western Gujarat state.

from Moneycontrol Business News https://ift.tt/vTqGtQ1

Japan#39;s Suzuki drives deeper into India with global RD unit

Japan#39;s Suzuki drives deeper into India with global RD unit The new company, a wholly owned unit of Suzuki Japan, will strengthen the carmaker#39;s RD competitiveness and capabilities in India and other global markets, Toshihiro Suzuki told an event in Gandhinagar, the capital of western Gujarat state.

from Moneycontrol Business News https://ift.tt/5ZIYEMH

Friday, August 26, 2022

Indian Hotels on track to achieve 300 hotels mark by 2025

Indian Hotels on track to achieve 300 hotels mark by 2025 The company currently has 242 hotels, including 61 under development, in total across brands such as the Taj, SeleQtions, Vivanta and Ginger with a combined 29,000 rooms.

from Moneycontrol Business News https://ift.tt/205v1eA

Max Life Insurance enters pension fund management business; its arm secures licence from PFRDA

Max Life Insurance enters pension fund management business; its arm secures licence from PFRDA Max Life Pension Fund Management Limited, a subsidiary of the life insurance firm, will manage the pension assets with investment choices under the National Pension Scheme.

from Moneycontrol Business News https://ift.tt/s8Htl3L

Gensol Engineering bags orders worth Rs 153 crore to build 58.8 MW solar projects

Gensol Engineering bags orders worth Rs 153 crore to build 58.8 MW solar projects In a regulatory filing the company said, it has received purchase orders from clients for the development of solar power projects aggregating to a capacity of around 58.8 MW in Jammu and Kashmir, Gujarat, Punjab, Rajasthan, Tamil Nadu and Telangana.

from Moneycontrol Business News https://ift.tt/sJ7F1HN

Thursday, August 25, 2022

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/mgYwkHc

Debt ratio at billionaire Adani’s green firm needs ‘watching’

Debt ratio at billionaire Adani’s green firm needs ‘watching’ The Gautam Adani owned company’s debt-to-capital ratio has soared to 95.3%, a level that is on the “higher side” for a private company, according to Sharon Chen, an analyst at Bloomberg Intelligence. The company’s capital expenditure plans and its funding are other factors that need a close watch, Chen added.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/debt-ratio-at-billionaire-adani’s-green-firm-needs-‘watching’_16603831.html

Diageo halts some whiskey sales in India to force price hikes

Diageo halts some whiskey sales in India to force price hikes United Spirits Ltd. has halted whiskey sales in a number of states yet to budge on price caps despite rising inflation.

from Moneycontrol Business News https://ift.tt/KC6nO8e

Lamborghini intensifying efforts to bring newly launched global models to India: Sharad Agarwal

Lamborghini intensifying efforts to bring newly launched global models to India: Sharad Agarwal The company which on Thursday launched the Huracan Tecnica model in India with a starting price of Rs 4.04 crore (ex-showroom) is also working on how soon it can bring to India the Urus Performante SUV that was globally unveiled last week.

from Moneycontrol Business News https://ift.tt/Rv6z4Dq

IHCL looks at greenfield, brownfield opportunities in Gujarat

IHCL looks at greenfield, brownfield opportunities in Gujarat IHCL, which recently opened 111-room Ginger and 175-key Vivanta in Ahmedabad, has 19 properties in Gujarat, including 15 operational hotels and 4 in the pipeline, IHCL Executive Vice President Deepika Rao told PTI.

from Moneycontrol Business News https://ift.tt/cPAOdrn

Lupin inks licensing pact with Japan-based I#39;rom Group

Lupin inks licensing pact with Japan-based I#39;rom Group Under the terms of the agreement, I#39;rom along with the Mumbai-based drugmaker will conduct clinical trials, register, distribute and market biosimilar Denosumab in Japan on an exclusive basis.

from Moneycontrol Business News https://ift.tt/4T7IC1X

Wednesday, August 24, 2022

CBI files charge sheet in Biocon case against five persons

CBI files charge sheet in Biocon case against five persons The agency in its charge sheet filed on August 18 has alleged that the bribe payment was being paid to Joint Drug Controller S Eswara Reddy after clearance from associate vice president of Biocon Biologics L Praveen Kumar, they said.

from Moneycontrol Business News https://ift.tt/yDPIbAv

After selling tickets worth Rs 300 crore in 10 days, EaseMyTrip says #39;pent-up demand yet to kick in#39;

After selling tickets worth Rs 300 crore in 10 days, EaseMyTrip says #39;pent-up demand yet to kick in#39; "We actually recently concluded our annual sale... We did the sales from August 1 till August 10. And in just those 10 days, we were able to do total business of Rs 300 crore. So the overall sale went extremely well and was extremely well received by the customers," said Prashant Pitti, Co-founder, EasyMyTrip, in an interview with CNBC-TV18.

from Moneycontrol Business News https://ift.tt/d5Gf6M8

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/az4Hkhj

Privacy complaint targets Google over unsolicited ad emails

Privacy complaint targets Google over unsolicited ad emails According to a complaint made on Wednesday to France#39;s data protection authority by the Austrian advocacy organisation noyb.eu, Google has violated a European Union court judgement by sending unsolicited advertising emails straight to Gmail users#39; inboxes.

from Moneycontrol Business News https://ift.tt/Z2NKAGO

IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring

IMF team to holds talks with crisis-hit Sri Lanka on debt restructuring In the midst of the country#39;s biggest financial crisis in more than seven decades, a delegation from the International Monetary Fund (IMF) will meet with Sri Lanka#39;s president on Wednesday to finalise a bailout package, including restructuring debt of nearly $29 billion.

from Moneycontrol Business News https://ift.tt/dnP0Bkj

Rupert Murdoch#39;s son sues Australian website for defamation

Rupert Murdoch#39;s son sues Australian website for defamation A day after chairman of Private Media, the publisher of Crikey, Eric Beecher, and managing editor Peter Fray signed their names to an ad in The New York Times inviting Lachlan Murdoch to sue, media tycoon Rupert Murdoch#39;s son filed a statement of claim in Federal Court on Tuesday.

from Moneycontrol Business News https://ift.tt/bCLGucI

To fight election falsehoods, social media companies ready a familiar playbook

To fight election falsehoods, social media companies ready a familiar playbook As the US marches toward another election season, social media companies such as Facebook and TikTok are steeling themselves for a deluge of political misinformation

from Moneycontrol Business News https://ift.tt/BsIpAQb

To fight election falsehoods, social media companies ready a familiar playbook

To fight election falsehoods, social media companies ready a familiar playbook As the US marches toward another election season, social media companies such as Facebook and TikTok are steeling themselves for a deluge of political misinformation

from Moneycontrol Business News https://ift.tt/ifsD43w

Tuesday, August 23, 2022

15 companies express interest to acquire Smaaash Entertainment

15 companies express interest to acquire Smaaash Entertainment Prominent among the parties that submitted EoIs are Nazara Tech, Adlabs Entertainment, Manikchand Group, FZE, Tech Connect Services, Capri Global, Jindal Enterprises and iLabs India

from Moneycontrol Business News https://ift.tt/lOvpXoU

MC Insider: Long live RJ’s investments, airline stake sale, banking blues, big boss is back and more

MC Insider: Long live RJ’s investments, airline stake sale, banking blues, big boss is back and more NULL

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-long-live-rj’s-investments-airline-stake-sale-banking-blues-big-boss-is-backmore_16600891.html

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/6zt3P4y

Audi to hike prices by up to 2.4% next month

Audi to hike prices by up to 2.4% next month The price hike is a result of rising input and supply chain costs and will come into effect from September 20, 2022, the automaker said in a statement.

from Moneycontrol Business News https://ift.tt/yuJHqNF

Anti-competitive practices: Apple, Google, Netflix, Amazon India executives to depose before Parliamentary panel

Anti-competitive practices: Apple, Google, Netflix, Amazon India executives to depose before Parliamentary panel The Parliamentary Standing Committee on Finance has been looking into various aspects of competition in the marketplace, especially concerning technology majors.

from Moneycontrol Business News https://ift.tt/KwztIF6

Apple set to make iPhone 14 in India

Apple set to make iPhone 14 in India The company has been working with suppliers to ramp up manufacturing in India and shorten the lag in production of the new iPhone from the typical six to nine months for previous launches, according to people familiar with the matter.

from Moneycontrol Business News https://ift.tt/b39V6A7

A quality mid-cap to own for the long run

A quality mid-cap to own for the long run Given the promising outlook for Control Print, the valuation is quite attractive

from Moneycontrol Business News https://ift.tt/aumHWsG

Monday, August 22, 2022

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

from Moneycontrol Business News https://ift.tt/qhAgwUH

Facebook co-founder’s firm to back Indian sexual health startup

Facebook co-founder’s firm to back Indian sexual health startup Existing investors including Sequoia India, Chiratae Ventures and Better Capital are considering participating in the round, which could be announced as soon as Tuesday, the people said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/facebook-co-founder’s-firm-to-back-indian-sexual-health-startup_16599091.html

Sunday, August 21, 2022

EVolve 2022: Industry needs to focus on steps to make reliable products, says Ather’s Nilay Chandra

EVolve 2022: Industry needs to focus on steps to make reliable products, says Ather’s Nilay Chandra In an exclusive interaction with Storyboard18, Nilay Chandra, VP-Scooter Business at Ather Energy, talks about its evolving marketing strategy, decoding the EV customer and solving the negative perception associated with the EV category.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/evolve-2022-industry-needs-to-focussteps-to-make-reliable-products-says-ather’s-nilay-chandra_16597961.html

MC Insider: Stock exchange top job, commodity bourse’s IT troubles, meat dilemma for retail chain, deal cloud and more

MC Insider: Stock exchange top job, commodity bourse’s IT troubles, meat dilemma for retail chain, deal cloud and more NULL

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-insider-stock-exchange-top-job-commodity-bourse’s-it-troubles-meat-dilemma-for-retail-chain-deal-cloudmore_16597621.html

LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...