Wednesday, May 31, 2023

Jaguar Land Rover recalling I-PACE vehicles in US over fire risks

Jaguar Land Rover recalling I-PACE vehicles in US over fire risks JLR, which is owned by India#39;s Tata Motors, on Wednesday said the battery energy control module software will be updated and battery modules will be replaced as necessary in certain 2019-2024 model year vehicles.

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Xiaomi partners with Dixon Technologies to make mobile phones in India

Xiaomi partners with Dixon Technologies to make mobile phones in India The news, which boosted Dixon#39;s shares by 4%, comes after Xiaomi India revealed plans to start making wireless audio products in the country by partnering with electronics manufacturer Optiemus.

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Wrestlers Protest LIVE: Farmer leader Naresh Tikait announces Mahapanchayat in Muzaffarnagar

Wrestlers Protest LIVE: Farmer leader Naresh Tikait announces Mahapanchayat in Muzaffarnagar Wrestlers Protest LIVE: A#39;mahapanchayat#39; will be held in Muzaffarnagar#39;s Soram village on June 1 to discuss wrestlers#39; ongoing protest against Wrestling Federation of India chief Brij Bhushan Singh over sexual harassment claims, according to Bharat Kisan Union leader Naresh Tikait. Tikait, the head of Balyan khap, stated on May 30 night that the topic will be thoroughly reviewed in the Mahapanchayat.

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Tuesday, May 30, 2023

India to lure manufacturers with electronics repair pilot project

India to lure manufacturers with electronics repair pilot project Prime Minister Narendra Modi has promoted electronics manufacturing in India and attracted the likes of Apple and Xiaomi, but the country still lacks an industry for repair outsourcing which is estimated to be worth $100 billion globally and currently dominated by China and Malaysia.

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PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today

PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party#39;s (BJP) month-long pan-India campaign, #39;Maha Jansampark#39;, in poll-bound Rajasthan#39;s Ajmer today covering all 543 Lok Sabha constituencies.

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Manipur Violence Update: PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today

Manipur Violence Update: PM Modi to launch BJP#39;s pan-India campaign #39;Maha Jansampark#39; today Prime Minister Narendra Modi on Wednesday will launch Bharatiya Janata Party#39;s (BJP) month-long pan-India campaign, #39;Maha Jansampark#39;, in poll-bound Rajasthan#39;s Ajmer today covering all 543 Lok Sabha constituencies.

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Manipur Violence Update: Amit Shah holds talks with Meitei, Kuki leaders today

Manipur Violence Update: Amit Shah holds talks with Meitei, Kuki leaders today During his visit to Manipur to restore peace in the conflict-affected region, Union Home Minister Amit Shah will engage in a succession of meetings with political and civil society leaders representing the Meitei and Kuki communities. Additionally, he will also visit Churachandpur as part of his itinerary, PTI reported.

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Sun Pharma, Philogen join hands to commercialise skin cancer drug in Europe, Australia, New Zealand

Sun Pharma, Philogen join hands to commercialise skin cancer drug in Europe, Australia, New Zealand The companies have come together to commercialise Philogen#39;s speciality product Nidlegy, an anti-cancer biopharmaceutical currently in Phase III clinical trials, Sun Pharma said in a statement.

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Jubilant Pharmova announces leadership changes; Priyavrat Bhartia takes over as MD

Jubilant Pharmova announces leadership changes; Priyavrat Bhartia takes over as MD Hari S Bhartia has decided to step down from the position of Managing Director of the company effective closing business hours of May 31, 2023 and he shall continue as Co-Chairman, Non-Executive Director on the board of the company, Jubilant Pharmova said in a regulatory filing.

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Apollo Micro Systems board approves Rs 200-crore fund raising plan

Apollo Micro Systems board approves Rs 200-crore fund raising plan A decision on the fund raising plan was approved by the board of directors at its meeting on Monday.

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Monday, May 29, 2023

Dredging Corporation of India eyes over Rs 1,300-crore turnover in FY24: CEO S Divakar

Dredging Corporation of India eyes over Rs 1,300-crore turnover in FY24: CEO S Divakar To achieve the goal, the company is looking to participate in new dredging tenders and also planning to enter new markets, Divakar told PTI.

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Omron to open first Indian medical devices plant in Tamil Nadu: Report

Omron to open first Indian medical devices plant in Tamil Nadu: Report Omron will make devices including blood pressure monitors and will invest nearly 1.3 billion Indian rupees (about $15.7 million) to set up the plant, the sources said, declining to be identified ahead of an official announcement later on Tuesday.

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Inox Wind bags 150 MW repeat order from NTPC Renewable

Inox Wind bags 150 MW repeat order from NTPC Renewable The 150 MW turnkey wind power project order is to be executed in Gujarat. It takes Inox Winds’ total project awards from NTPC to 550 MW

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Cash-hungry Adani utility shows funding urgency to power India

Cash-hungry Adani utility shows funding urgency to power India Few parts of Adani’s empire underscore the urgency of that funding for the billionaire — and also for the government of Indian Prime Minister Narendra Modi — better than Adani Transmission Ltd.

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Smartwatch maker in talks to raise funds to expand India push

Smartwatch maker in talks to raise funds to expand India push Nexxbase Marketing Pvt, which sells smartwatches and earphones under its Noise brand, seeks funds to add products and gain market share in its home base of India, where 100 million wearable devices were sold last year, people familiar with the matter said.

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Inside Paisabazaar’s ongoing pivot to a recurring revenue model 

Inside Paisabazaar’s ongoing pivot to a recurring revenue model  PB Fintech’s lending marketplace targets earning a third of revenue from recurring revenue products in the next two to three years 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/inside-paisabazaar’s-ongoing-pivot-torecurring-revenue-model _17043351.html

PGEL, Jaina Group ink 50-50 JV to boost LED TV manufacturing

PGEL, Jaina Group ink 50-50 JV to boost LED TV manufacturing The new entity plans to expand the partnership to include consumer durables such as Refrigerators and IT Hardware, and personal technology such as Wearables and Hearables.

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Bank Holidays in June 2023: Full list

Bank Holidays in June 2023: Full list Bank Holidays in June 2023: Last week, the Reserve Bank of India announced the withdrawal of its highest-value currency note, Rs 2,000, from circulation

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Sunday, May 28, 2023

EaseMyTrip Q4 FY23 – Strong sector tailwinds offset heightened competitive intensity

EaseMyTrip Q4 FY23 – Strong sector tailwinds offset heightened competitive intensity Thanks to the boom in travel, the earnings trajectory should remain strong and investors could expect stock returns to closely mimic earnings

from Moneycontrol Business News https://www.moneycontrol.com/news/business/easemytrip-q4-fy23-–-strong-sector-tailwinds-offset-heightened-competitive-intensity_17041151.html

India gets a new Parliament building: All you need to know

India gets a new Parliament building: All you need to know Spread over 64, 500 square metres, the new Parliament house is a triangular four-storeyed building equipped with the state-of-the-art technology and can seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha

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Saturday, May 27, 2023

Corporate Crossings | Rahul Jain chosen as new India Office Lead for Boston Consulting Group

Corporate Crossings | Rahul Jain chosen as new India Office Lead for Boston Consulting Group Jain who steers BCG#39;s Industrial Goods practice across the Asia Pacific region is set to replace Alpesh Shah who has led BCG#39;s India office since September 2018.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/corporate-crossings-|-rahul-jain-chosen-as-new-india-office-lead-for-boston-consulting-group_17038041.html

India gets a new Parliament building tomorrow — all you need to know

India gets a new Parliament building tomorrow — all you need to know Spread over over 64, 500 square metres, the new Parliament house is a triangular four-storeyed building equipped with the state-of-the-art technology and can seat 888 members in the Lok Sabha chamber and 300 in the Rajya Sabha

from Moneycontrol Business News https://www.moneycontrol.com/news/business/india-getsnew-parliament-building-tomorrow-—-all-you-need-to-know_17037961.html

Friday, May 26, 2023

Moneycontrol Pro Weekender: Surf’s Up 

Manas Chakravarty Not only has slower global growth helped India through lower commodity prices, higher inflation in advanced economies has also boosted outsourcing 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-surf’s-up _17037911.html

EV Subsidies News Highlights: Centre cracks down on 4 more EV companies

EV Subsidies News Highlights: Centre cracks down on 4 more EV companies Live News Highlights: After Hero Electric Okinawa, Government to take action against more electric vehicle (EV) companies. Ministry of Heavy Industries to recover subsidies from 4 other companies including Benling, Ampere, and Amo Mobility. The EV companies were issued notices to return the wrongly claimed subsidies and explain why they should not be debarred from FAME.

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Satyendar Jain Health Live Updates: Supreme Court grants interim bail to AAP leader on medical grounds

Satyendar Jain Health Live Updates: Supreme Court grants interim bail to AAP leader on medical grounds Live News Updates: The Supreme Court bench granted interim bail to the AAP leader for six weeks to get treated in a private hospital of his choice.

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Thursday, May 25, 2023

Why this coding and marking player is ready to gain from recovery

Why this coding and marking player is ready to gain from recovery There are multiple levers which should support Control Print’s top line and margins, going forward

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Parliament inauguration row live updates: #39;Sengol#39; moved to Delhi ahead of inauguration ceremony

Parliament inauguration row live updates: #39;Sengol#39; moved to Delhi ahead of inauguration ceremony TMC#39;s Abhishek Banerjee voiced the party#39;s strong protest against the Modi Government for not inviting President Murmu to the inauguration of the new Parliament building

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5paisa.com appoints former Google executive Narayan Gangadhar as CEO

5paisa.com appoints former Google executive Narayan Gangadhar as CEO Narayan Gangadhar has over two decades of experience, mostly with global technology companies like Google, Uber and Amazon.

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New Parliament inauguration Live updates: Rs 75 Coin to mark building launch

New Parliament inauguration Live updates: Rs 75 Coin to mark building launch Finance Ministry issues notice to mint Rs 75 coin to mark new Parliament building launch

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Pratt Whitney says India#39;s Go First has no right over engines

Pratt Whitney says India#39;s Go First has no right over engines The Indian airline has approached the Delaware court to enforce an arbitration order it won in Singapore against Pratt Whitney, which it blames for its financial troubles and argues the U.S. firm failed to supply engines on time. Pratt says those claims are without merit.

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Satyendar Jain Hospitalised Live Updates: AAP leader admitted to the ICU on oxygen support

Satyendar Jain Hospitalised Live Updates: AAP leader admitted to the ICU on oxygen support Live news updates: AAP leader Satyendar Jain admitted to the ICU of LNJP hospital in Delhi after he was referred here from Deen Dayal Upadhyay Hospital. Jain is on oxygen support. He was taken to Deen Dayal Hospital earlier today when he felt dizzy and fell in the bathroom of Tihar jail.

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Delhi-Dehradun Vande Bharat Express Live Updates: The world wants to come to India to see the country, says PM Modi

Delhi-Dehradun Vande Bharat Express Live Updates: The world wants to come to India to see the country, says PM Modi Live news updates: Prime Minister Narendra Modi virtually flags off the inaugural run of Uttarakhand#39;s first semi-high speed Vande Bharat Express train connecting Dehradun with New Delhi in Dehradun

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Vande Bharat Express Live Updates: PM Modi flags off Uttarakhand#39;s first semi-high speed Vande Bharat Express

Vande Bharat Express Live Updates: PM Modi flags off Uttarakhand#39;s first semi-high speed Vande Bharat Express Live news updates: Prime Minister Narendra Modi virtually flags off the inaugural run of Uttarakhand#39;s first semi-high speed Vande Bharat Express train connecting Dehradun with New Delhi in Dehradun

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Wednesday, May 24, 2023

Wipro#39;s fitness push: Tech giant all set to sponsor Bengaluru Marathon

Wipro#39;s fitness push: Tech giant all set to sponsor Bengaluru Marathon The marathon#39;s tenth iteration will take marathoners through important landmarks of the city, concluding at the Kanteerava Stadium.

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ACC and Ambuja Cement launches Cement Concrete Research Development facility

ACC and Ambuja Cement launches Cement Concrete Research Development facility The newly established RD facility will help Ambuja and ACC drive progress, enhance cost optimization, and create sustainable solutions to shape the future of the cement industry, said a statement.

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UK set to win battle to host Tata electric car battery plant

UK set to win battle to host Tata electric car battery plant The boss of Jaguar Land Rover-owner Tata is expected to fly to London next week to finalise the deal, the BBC report added.

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LG India expects 10% growth, exploring new business categories, says MD

LG India expects 10% growth, exploring new business categories, says MD India is an important market for the South Korean chaebol, where it sees a "big potential" as the economic situation is bright compared to other global markets with a growing population with more youths, he said.

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Blackstone-backed Lumina CloudInfra begins work on hyperscale data centre in Navi Mumbai

Blackstone-backed Lumina CloudInfra begins work on hyperscale data centre in Navi Mumbai The state-of-the-art facility is set to encompass multiple data centre buildings, boasting an impressive capacity that surpasses 60 megawatts of critical IT load.

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Jimny to have positive rub off effect on Maruti brand as automaker eyes top spot in SUV space

Jimny to have positive rub off effect on Maruti brand as automaker eyes top spot in SUV space The company, which is set to launch the model in the country next month, expects it to play a role along with other models like Brezza, Fronx and Grand Vitara to take the top position in the SUV segment.

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Dentons grows in India as Baker McKenzie, others weigh new rules

Dentons grows in India as Baker McKenzie, others weigh new rules The deal, which involves no transfer of money, ownership or foreign lawyers, remained unaltered after it was first announced in October — even after India relaxed rules to allow foreign lawyers and firms to practice in the country.

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Tuesday, May 23, 2023

Dentons grows in India as Baker McKenzie, others weigh new rules

Dentons grows in India as Baker McKenzie, others weigh new rules The deal, which involves no transfer of money, ownership or foreign lawyers, remained unaltered after it was first announced in October — even after India relaxed rules to allow foreign lawyers and firms to practice in the country.

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Anil Agarwal’s Vedanta raises about $850 million via JPMorgan, Oaktree Loan

Anil Agarwal’s Vedanta raises about $850 million via JPMorgan, Oaktree Loan The Indian mining company inked a five-year deal with JPMorgan Chase Co. and Oaktree, according to people familiar with the matter, who asked not to be named because the matter is private.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/anil-agarwal’s-vedanta-raises-about-36850-million-via-jpmorgan-oaktree-loan_17023781.html

DLF Chairman Rajiv Singh wealthiest Indian real estate entrepreneur with fortune of Rs 59,030 crore: Report

DLF Chairman Rajiv Singh wealthiest Indian real estate entrepreneur with fortune of Rs 59,030 crore: Report With a wealth of Rs 42,270 crore, Mangal Prabhat Lodha and his family of Macrotech Developers (Lodha Group) is at the second position.

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Zoom raises full-year forecasts despite slowing growth

Zoom raises full-year forecasts despite slowing growth Zoom has raised its full-year revenue and profit forecasts, defying a slowdown in growth following the pandemic boom and facing tough economic conditions, according to Reuters. Despite an initial rally, the company#39;s shares pared gains to a 0.7 percent increase after-market hours.

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Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV

Sudden reduction of subsidy of electric two-wheelers may lead to major decline in EV adoption: SMEV Startup players in the electric mobility space, however, welcomed the government#39;s decision saying it was time for the EV industry to stand on its own.

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INDIAai working groups likely to submit AI framework soon: Report

INDIAai working groups likely to submit AI framework soon: Report Apart from establishing a regulatory framework the working groups also seek to bolster India#39;s push for AI by evaluating methods for capacity building, skilling and promoting startups in AI.

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Monday, May 22, 2023

Safari Industries — Can the stock continue to fly?

Safari Industries — Can the stock continue to fly? With an unprecedented surge in travel, multiple growth levers are at play for this luggage company

from Moneycontrol Business News https://www.moneycontrol.com/news/business/safari-industries-—-canstock-continue-to-fly_17021021.html

Adani stocks head for best day since Hindenburg report

Adani stocks head for best day since Hindenburg report The 10 Adani stocks have added about $10 billion to their market value in today’s session so far, poised to be the biggest increase since Hindenburg’s scathing report in January.

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Lenders, housing, housing-related stocks, the best way to play investment upcycle

Lenders, housing, housing-related stocks, the best way to play investment upcycle Real estate continues to be the bigger driver of household investments, and household investments dominates growth in capital formation in the country

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Sunday, May 21, 2023

RateGain – Will this SAAS player continue to outperform?

RateGain – Will this SAAS player continue to outperform? Sectoral tailwinds are strong and the company’s operating leverage benefit should result in a meaningful earnings traction

from Moneycontrol Business News https://www.moneycontrol.com/news/business/rategain-–-will-this-saas-player-continue-to-outperform_17019331.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...