Friday, June 30, 2023

Zomato introduces open food trends data analysis platform to aid restaurant partners

Zomato introduces open food trends data analysis platform to aid restaurant partners Zomato Food Trends is an open platform accessible to the general public free of charge and it will "provide insights by analysing data from millions of transactions across hundreds of cities in India", the company said in a statement.

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HDFC-HDFC Bank merger to give rise to a banking giant bigger than Morgan Stanley

HDFC-HDFC Bank merger to give rise to a banking giant bigger than Morgan Stanley The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion.

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Thursday, June 29, 2023

Weekly Tactical Pick: Why this old private sector bank is undervalued

Weekly Tactical Pick: Why this old private sector bank is undervalued With strong growth, stable margin, superior cost management, and healthy asset quality, the bank expects a steady expansion in RoA

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US FDA finds multiple faults at Indiaâs second-biggest drugmaker

US FDA finds multiple faults at India’s second-biggest drugmaker Sampling tools weren’t cleaned and maintained to prevent contamination at the plant, which produces certain active pharmaceutical ingredients — the raw materials core to making drugs.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/us-fda-finds-multiple-faults-at-india’s-second-biggest-drugmaker_17097761.html

Weekly Tactical Pick: Why we feel this old private sector bank is undervalued

Weekly Tactical Pick: Why we feel this old private sector bank is undervalued With strong growth, stable margin, superior cost management, and healthy asset quality, the bank expects a steady expansion in RoA

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Optimistic about India market will continue to grow categories: PG

Optimistic about India market, will continue to grow categories: PG Procter Gamble (PG) India will continue to grow categories that are currently undeveloped and bring product propositions that are meaningful to the quality-conscious Indian consumer, he said.

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Wednesday, June 28, 2023

Top cryptocurrency news on June 29: FTX pulls plug on Anthropic stake sale miners move over $1 billion more

Top cryptocurrency news on June 29: FTX pulls plug on Anthropic stake sale, miners move over $1 billion more A daily round-up of the most interesting articles on cryptocurrencies like Bitcoin, Ethereum and Tether to help jump-start the day

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From Local to Global: Unlocking Opportunities for MSMEs

From Local to Global: Unlocking Opportunities for MSMEs In the first episode, titled "From Local to Going Global," industry experts explore the challenges and opportunities for MSMEs in expanding their reach beyond domestic borders.

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HDFC makes HDFC Life a subsidiary by raising its stake to 50.33%

HDFC makes HDFC Life a subsidiary by raising its stake to 50.33% Mortgage lender clarified that July 1 is simply a #39;tentative#39; date for completion of its merger with HDFC Bank. The record date of July 13 is also tentative and subject to completion of certain formalities, it said

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Cyient DLM IPO: At the right place and at the right time

Cyient DLM IPO: At the right place and at the right time Cyient DLM is a high-quality player in a sunrise industry. It has substantial orders in hand, marquee and loyal clientele and an improving balance sheet

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Turmoil at Byjuâs highlights hurdles for India startup scene

Turmoil at Byju’s highlights hurdles for India startup scene Already stuck in a 15-month funding slump, India’s young companies are in danger of becoming collateral damage to the country’s highest-profile startup crisis in years.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/turmoil-at-byju’s-highlights-hurdles-for-india-startup-scene_17096621.html

Tuesday, June 27, 2023

Time to clean up the startup ecosystem. And put a governance charter in place

Time to clean up the startup ecosystem. And, put a governance charter in place Early investors have a significant impact on shaping the initial culture, founder mindset and subsequent governance of these young firms. And in recent years, investors have allowed founders to get used to really perverse incentives in order to win deals or to improve their founder ‘friendliness’.

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How to navigate judiciously the plethora of IPOs this week

How to navigate judiciously the plethora of IPOs this week Of the three flotations, one is a clear avoid while the other two are worth considering

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Fair trade watchdog slaps show-cause on Air India-Vistara merger

Fair trade watchdog slaps show-cause on Air India-Vistara merger The fair trade watchdog issues notice asking why an investigation should not be initiated only after forming a prima-facie opinion that the deal could adversely impact competition in the marketplace.

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Vedanta deepens tech push with $4 billion India display factory

Vedanta deepens tech push with $4 billion India display factory YJ Chen, who previously worked at Chinese display maker HKC Corp., said the display venture will soon begin recruiting from South Korea, Taiwan, Japan and other regions to set up a liquid crystal display panel fabrication unit in India. The factory will create as many as 3,500 direct jobs, he said.

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Local to Global: Small business to smart business

Local to Global: Small business to smart business [Partnered] Celebrate MSME#39;s Day by tuning in to the first episode of our podcast series, dedicated to empowering SMEs. Discover how to overcome challenges, unlock your full potential, and transform your small business into a smart and efficient business. Join us on Small Business to Smart Business, presented by DBS Bank and Moneycontrol.

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Monday, June 26, 2023

Sonata Software extends partnership with TUI Group

Sonata Software extends partnership with TUI Group Sonata Software and TUI Group will also create a #39;Digital Hub#39; for the German company that would enable it to deliver digital products and customer experiences to its clients

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ASK plans to raise up to $122 million for private credit

ASK plans to raise up to $122 million for private credit Private credit - where investors like pension funds lend directly to companies — is one of hottest asset classes globally, with the global stock of loans growing rapidly to $1.5 trillion, according to financial data provider Preqin Ltd. The loans typically feature floating interest rates, which means investors get paid more when rates rise.

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Surging Indian internet stocks trounce China peers

Surging Indian internet stocks trounce China peers An equal-weighted custom index of India’s five flagship Internet stocks including Paytm parent One 97 Communications Ltd. and Zomato Ltd. has risen more than 20% in 2023, bolstered by the firms’ focus on profitability and a buzzing economy.

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Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today

Rohit Jawa to take over as MD and CEO of HUL after Sanjiv Mehta retires today Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role

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2023 Global Competitiveness Index: India at 40 Ireland leaps to 2 ÂSingapore slides to 4

2023 Global Competitiveness Index: India at 40, Ireland leaps to 2  Singapore slides to 4 India has improved from 43rd rank in 2019-2021. The IMD report highlights progress in government efficiency but notes weaknesses in business efficiency, infrastructure, and economic performance.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/2023-global-competitiveness-index-india-at-40-ireland-leaps-to-2- singapore-slides-to-4_17093411.html

HUL picks Rohit Jawa as MD and CEO after Sanjiv Mehta retires today

HUL picks Rohit Jawa as MD and CEO after Sanjiv Mehta retires today Known for transforming the consumer goods major#39;s China and Philippine business, Jawa serves as the chief of transformation in his London-based role

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Sunday, June 25, 2023

Byjuâs seeks to calm investors as crisis escalates

Byju’s seeks to calm investors as crisis escalates On a call with investors, Byju Raveendran acknowledged his failure in installing processes that could have helped close the accounts on time and said its systems are being improved with the help of a newly appointed finance chief and general counsel, according to people familiar with the discussion.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/byju’s-seeks-to-calm-investors-as-crisis-escalates_17093171.html

Why is it time to book the gains in Zensar?

Why is it time to book the gains in Zensar? The limited scope for margin expansion and challenging demand scenario caps the earnings upside in the near term.

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Boeing supports Make in India#39; initiative says CEO David Calhoun

Boeing supports Make in India#39; initiative, says CEO David Calhoun David Calhoun met Modi and discussed the importance of Boeing#39;s eight decades of aerospace partnership with India during the prime minister#39;s state visit to the US.

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Saturday, June 24, 2023

Shipping industry body to meet MoS Shipping Shripad Naik on issue of shore leave permission for seafarers at Mumbai port

Shipping industry body to meet MoS Shipping Shripad Naik on issue of shore leave permission for seafarers at Mumbai port Confined spaces and monotonous routine of seafarers aboard cargo vessels often leads them to boredom, homesickness, stress and depression.

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Friday, June 23, 2023

EU Meta agree to July stress test on EU online content rules

EU, Meta agree to July stress test on EU online content rules The DSA bans certain types of targeted advertisements on online platforms such as those meant for children or when they use special categories of personal data, such as ethnicity, political views and sexual orientation.

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Solo or partnership MNCs find their own recipe to do business in India Â

Solo or partnership, MNCs find their own recipe to do business in India   For over two decades after the liberalisation of the economy in 1991, the same set of names from India dominated alliances with foreign partners

from Moneycontrol Business News https://www.moneycontrol.com/news/business/solo-or-partnership-mncs-find-their-own-recipe-to-do-businessindia- _17091091.html

Thursday, June 22, 2023

Is it the end of unchecked dynastic rule in corporates?

Is it the end of unchecked dynastic rule in corporates? Not quite yet. But the removal of permanent board seats for promoters is a step in this direction

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The end of unchecked dynastic rule in corporates?

The end of unchecked dynastic rule in corporates? Not quite yet. But the removal of permanent board seats for promoters is a step in this direction

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Tata Steel says it wonât reach emissions goal with current tech

Tata Steel says it won’t reach emissions goal with current tech India’s second-largest steel producer is seeking to trim emissions from the current 2.5 tons of carbon dioxide for every ton of the alloy produced to 1.8 tons in 2030, and achieve net zero by 2045. That’s even as it plans to double its Indian capacity to 40 million tons by the end of the decade.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/tata-steel-says-it-won’t-reach-emissions-goalcurrent-tech_17090711.html

Ashok Leyland ties up with IDBI Bank for channel financing partnership of dealers

Ashok Leyland ties up with IDBI Bank for channel financing partnership of dealers The company has signed a Memorandum of Understanding (MoU) with IDBI Bank, under which the partners will offer customised financial solutions for dealers, Ashok Leyland said in a statement.

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Organisational Culture: Revisiting the first principles of sustainability

Organisational Culture: Revisiting the first principles of sustainability It is past time for economists and businesses to examine and recognize the truth illusions and survivorship bias inherent in what is currently peddled as corporate gospel 

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Wednesday, June 21, 2023

Sony-Zee merger to go through says Punit Goenka: Report

Sony-Zee merger to go through says Punit Goenka: Report The Zee-Sony merger announced in 2021 was set to create a $10 billion TV enterprise, with Goenka becoming the merged entity#39;s managing director and CEO, but regulatory approvals are still pending.

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NIIF in talks to raise $244 million for infrastructure

NIIF in talks to raise $244 million for infrastructure The vehicle would include some assets from Athaang Infrastructure, which operates toll roads, according to one of the people, who declined to be identified because the information is private.

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NIIF plans to raise at least Rs 20000 crore for infra investment trust

NIIF plans to raise at least Rs 20,000 crore for infra investment trust The vehicle would include some assets from Athaang Infrastructure, which operates toll roads, according to one of the people, who declined to be identified because the information is private.

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PM Modi invites Micron to boost semiconductor manufacturing in India

PM Modi invites Micron to boost semiconductor manufacturing in India Modi in his meeting here with President and CEO of Applied Materials Gary E Dickerson discussed the potential of the company#39;s collaboration with academic institutions in India to create a skilled workforce.

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ICICI Securities recommends #39;Add#39; on Balkrishna Industries raises price target

ICICI Securities recommends #39;Add#39; on Balkrishna Industries, raises price target ICICI Securities gave an overweight rating to the Balkrishna stock with a raised target price of Rs 2,577.

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Sony says it is taking SEBI#39;s interim order on Zee CEO and MD Punit Goenka seriously

Sony says it is taking SEBI#39;s interim order on Zee CEO and MD Punit Goenka seriously This was Sony#39;s first comment post the Securities and Exchange Board of India#39;s (SEBI) ban last week against Zee Group Chairman Subhash Chandra and CEO Punit Goenka for a year, saying they were actively involved in diverting company funds to the group#39;s related entities.

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Sony unit says monitoring regulator#39;s moves on merger partner Zee

Sony unit says monitoring regulator#39;s moves on merger partner Zee This was Sony#39;s first comment post the Securities and Exchange Board of India#39;s (SEBI) ban last week against Zee Group Chairman Subhash Chandra and CEO Punit Goenka for a year, saying they were actively involved in diverting company funds to the group#39;s related entities.

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Tuesday, June 20, 2023

SpiceJet signs settlement pact with Nordic Aviation for all past liabilities

SpiceJet signs settlement pact with Nordic Aviation for all past liabilities The agreement between the airline and the aviation company settles all past liabilities for the Q400s leased by NAC to SpiceJet, the release said.

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Closed-loop communication essential for smooth growth

Closed-loop communication essential for smooth growth Closed-loop communication helps promote effective delegation, enhances leadership effectiveness, avoids micromanagement, and allows the person to whom the task is delegated to feel comfortable and independent.

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Indian drugmaker denies syrup exported to Liberia is toxic

Indian drugmaker denies syrup exported to Liberia is toxic Nigeria#39;s National Agency for Food and Drugs Administration and Control (NAFDAC) said in an alert last week that samples of the Indian-made paracetamol suspension, Para Clear, exported to Liberia last year contained the toxin ethylene glycol.

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PM Modi US visit live updates: PM Modi to meet Elon Musk and other notable personalities

PM Modi US visit live updates: PM Modi to meet Elon Musk and other notable personalities PM Modi US visit live updates: PM Modi will also be meeting other luminaries, according to the report. Among them are Astrophysicist Neil deGrasse Tyson, Grammy Award-winning Indian-American singer Falu (Falguni Shah), Paul Romer, Nicholas Nassim Taleb, Ray Dalio, Jeff Smith, Michael Froman Daniel Russel, Elbridge Colby, Dr Peter Agre, Dr Stephen Klasko, and Chandrika Tandon.

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PM Modi US visit live updates: PM Modi to meet Elon Musk during his US visit

PM Modi US visit live updates: PM Modi to meet Elon Musk during his US visit PM Modi US visit live updates: PM Modi will also be meeting other luminaries, according to the report. Among them are Astrophysicist Neil deGrasse Tyson, Grammy Award-winning Indian-American singer Falu (Falguni Shah), Paul Romer, Nicholas Nassim Taleb, Ray Dalio, Jeff Smith, Michael Froman Daniel Russel, Elbridge Colby, Dr Peter Agre, Dr Stephen Klasko, and Chandrika Tandon.

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PM Modi US visit live updates: PM Narendra Modi plans Egypt visit on the way back

PM Modi US visit live updates: PM Narendra Modi plans Egypt visit on the way back PM Modi US visit live updates: After Egyptian President#39;s recent visit to India, PM Modi will visit Cairo in his journey back from US

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Monday, June 19, 2023

PM Modi US visit live updates: PM Narendra Modi leaves for Washington

PM Modi US visit live updates: PM Narendra Modi leaves for Washington PM Modi US visit live updates: PM Modi will meet top Indian American CEOs in Washington followed by Yoga Day celebration at UN and private dinner will President Biden.

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PM in US visit live updates: PM Narendra Modi leaves for Washington

PM in US visit live updates: PM Narendra Modi leaves for Washington PM in US live updates: PM Modi will meet top Indian American CEOs in Washington followed by Yoga Day celebration at UN and private dinner will President Biden.

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Puri Rath Yatra Updates: Odisha gears up for the annual Rath Yatra today

Puri Rath Yatra Updates: Odisha gears up for the annual Rath Yatra today Puri Rath Yatra Live Updates: Devotees swarmed Puri for the Lord Jagannath’s annual Rath Yatra. Odisha government has divided the town in different zones and assigned around 180 platoons. Coast Guards will be patrolling beach too

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Sunday, June 18, 2023

Grasim Lubrizol set to begin work on CPVC resin plant in Gujarat

Grasim, Lubrizol set to begin work on CPVC resin plant in Gujarat The plant is being set up in Gujarat#39;s Vilayat and will have a production capacity of around 1,00,000 metric tonnes

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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...