MG Motor India retail sales up 17% at 5,108 units in October

Sales of EVs continue to contribute around 25 per cent of the total sales of the company, MG Motor said in a statement.

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MC Pro Inside Edge | Desi Soros, King Tring, a fund manager#39;s flight, value signalling, and Catch-22

A new offering for Pro subscribers! This column peeps into the inner goings-on of Dalal Street, bringing you a ringside view of what stocks veteran bulls are eyeing, what the bears are ganging up against, secret deals and more

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-pro-inside-edge-|-desi-soros-king-tringfund-manager39s-flight-value-signallingcatch-22_17292361.html

Industrialist Mukesh Ambani receives 3rd death threat, sender demands Rs 400-crore ransom

Mukesh Ambani#39;s company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said.

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Industrialist Mukesh Ambani receives 3rd threat email with Rs 400 crore demand

Mukesh Ambani#39;s company received the email on Monday. It is the third threat email sent to Ambani in four days, an official said.

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Siemens Energy weighs sale of stake in Indian firm to Siemens

The stake is currently worth around $3.5 billion and a partial sale would be a quick way for the German maker of wind and gas turbines to strengthen its capital base as talks with Berlin and Siemens over guarantees for performance bonds continue.

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Fincare SFB to merge with AU Small Finance Bank

This merger presents significant opportunities to expand the deposit and asset franchise, particularly in South India.

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MC Pro Inside Edge | Land bank play, BSE cheerleader, algo broker on big fish hunt, and outspoken Uncle Sam

A new offering for Pro subscribers! This column peeks into the inner goings-on of Dalal Street, bringing you a ringside view of what stocks veteran bulls are eyeing, what the bears are ganging up against, secret deals and more.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/mc-pro-inside-edge-|-land-bank-play-bse-cheerleader-algo-brokerbig-fish-huntoutspoken-uncle-sam_17287911.html

Fincare SFB to be amalgamated into AU Small Finance Bank

AU SFB, in a late evening regulatory filing, announced its approval of the amalgamation. According to the terms of the merger, shareholders of Fincare SFB will receive 579 shares in AU SFB for every 2,000 shares they hold in Fincare SFB.

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India, UK trade ministers review progress of talks on proposed FTA

The progress was reviewed by Commerce and Industry Minister Piyush Goyal and UK Secretary of State for Business and Trade Kemi Badenoch in Osaka, Japan.

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OneWeb satellite service ready to connect all parts of the country from next month: Sunil Mittal

While speaking at the inaugural session of the India Mobile Congress 2023, Mittal said 5G services was launched last year and Airtel has covered the entire country, covering 5,000 towns and cities along with 20,000 villages till date.

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

A round-up of top newspaper stories to keep you ahead of others

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

A round-up of top newspaper stories to keep you ahead of others

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

India#39;s EAM to build $650-million EV battery materials plant in US

Mumbai-based EAM, a unit of Epsilon Carbon, said it will make anodes, the negative electrodes in batteries, from both natural and synthetic graphite. EAM, which also plans to make synthetic graphite at the plant, said it is in discussions with suppliers about sourcing raw materials, including natural graphite.

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Market rout: 7 critical questions answered

From rising bond yields to Israel-Hamas conflict, what is spooking investors? Here’s a look at some important points and how should you deal with it

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Edelweiss MF#39;s multi-cap fund collects Rs 1,000 crore in NFO period with over 65,000 applications

The Edelweiss Multi Cap Fund has recorded the highest collection ever achieved by the fund house in an equity NFO, with over 65,000 applications. The NFO was open from October 4-18 and will re-open for subscription from October 30 onwards, the fund house said in a statement.

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ONGC hopes to recover over $500 million dividend as sanctions on Venezuela eased

The Biden administration on Wednesday eased sanctions on Venezuela#39;s oil sector after the government and opposition parties reached a deal for the 2024 election, in the most extensive rollback of Trump-era restrictions on Caracas.

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Air India Express collaborates with Padmarajan Trust, announces literary awards

This unique collaboration, a first in the airline industry, aims to promote Malayalam literature, a statement said here on Thursday.

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PNB Q2 Preview: Net profit expected to more than triple, analysts expect fall in bad loans

According to analysts’ estimates, the net interest income (NII) of the PSB is expected to come in at Rs 9,607 crore, a 16.16 percent increase year-on-year and a marginal 1 percent rise from the previous quarter.

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PMI Electro Mobility Solutions secures Rs 250 crore investment from Piramal Alternatives

The freshly raised capital will bolster company#39;s business expansion and sustainability issues, PMI Electro Mobility said in a statement.

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Anushka-Virat venture Nisarga forays into world of motorsports, entertainment IPs

Nisarga has tied up with Elite Octane, a motorsports and entertainment events company, which will aid in executing various activities and creating new platform segments, especially in the domains of motorsports and entertainment.

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Toyota lobbies India to cut hybrid-car taxes as much as 21%

The world#39;s largest carmaker plans to expand production capacity to meet a surge in Indian demand for hybrids, but Prime Minister Narendra Modi#39;s government has focussed on pushing sales of electric vehicles (EVs), offering companies millions of dollars in incentives to build EVs and batteries.

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Sterling and Wilson Renewable Energy Sep quarter net loss narrows to Rs 54.51 cr

Sterling and Wilson Renewable Energy Ltd reported a reduced net loss of Rs 54.51 crore for the September 2023 quarter, attributing it to increased income.

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Creditaccess Grameen Bank net profit nearly doubles to Rs 347 cr

Creditaccess Grameen reported a 98.1% YoY increase in net profit to Rs 347 crore for the September quarter, attributed to increased loan sales and income.

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Cyient Q2 Results: Net profit rises 132% YoY to Rs 184 crore

Ahead of the result announcement, the company’s shares had surged 4.14 percent to Rs 1,750 on October 19

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United Breweries zooms over 4% despite 20% decline in Q2 net profit

It has been a tough start to the year of the alcohol major as the stock has tanked nearly 8 percent.

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Adani group closes in on $3.5 billion loan, among Asia’s biggest

The deal, which would be among the top 10 biggest loans in Asia this year, could be sealed this week, according to people familiar with matter, who asked not to be identified because the matter is private.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/adani-group-closeson-3635-billion-loan-among-asia’s-biggest_17277461.html

Emirates adds premium economy on A380 superjumbo India flights

The premium economy cabin on the double decker Airbus SE A380 jets feature 56 cream-colored seats at the front of the main deck in a 2-4-2 configuration, Dubai-based Emirates said at a briefing in Mumbai on Thursday.

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Start-up Street: Funding freeze bites into the early stage businesses

Although investment activity is down across the board, early stage startups in the B2B-SaaS, fintech and consumer brands segments fared relatively better compared to other segments

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

A round-up of top newspaper stories to keep you ahead of others

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Glenmark launches triple-drug combo for type 2 diabetes

The Mumbai-based drug firm has introduced the combination of Teneligliptin, Dapagliflozin and Metformin under the brand name Zita.

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Revolt Motors looks to ramp up sales infra, roll out new products

The company, which was acquired by RattanIndia Enterprises earlier this year, also plans to enter international markets.

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Zensar Q2: Rally likely to pause

Demand environment is still challenging, and the company expects Q3 to be soft

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

A round-up of top newspaper stories to keep you ahead of others

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

Jio Financial set to launch suite of loan products in billionaire Mukesh Ambani#39;s finance push

Despite strong growth, penetration of financial investment products in India is low relative to the size of the economy. Ambani is looking to tap into this market after similar disruptive forays into the telecom and retail sectors.

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

Delhi govt approves scheme for premium bus service

The government uploaded the draft of the Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023 on its website in August and sought public feedback.

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Delhi govt approves scheme for premium bus service

The government uploaded the draft of the Delhi Motor Vehicles Licensing of Aggregator (Premium Buses) Scheme, 2023 on its website in August and sought public feedback.

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Federal Bank Q2 FY24 – enough headroom to rerate

With a possible upside in the RoA, the bank’s valuation looks undemanding

from Moneycontrol Business News https://www.moneycontrol.com/news/business/federal-bank-q2-fy24-–-enough-headroom-to-rerate_17271791.html

Venus Remedies gets marketing approval for six chemotherapy drugs from Philippines

The approved drugs include bortezomib, cisplatin, doxorubicin, docetaxel, fluorouracil, and paclitaxel, which are crucial for cancer treatment, according to a company statement.

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Zydus Lifesciences appoints Punit Patel as President CEO, Americas

Punit Patel will be based out of the group#39;s office in Pennington, New Jersey, US, it added. Before joining Zydus, he was the President of Red Oak Sourcing, leading the company#39;s "multibillion-dollar generic portfolio", overseeing all aspects of Red Oak#39;s business.

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IKEA plans to double its business and sourcing in India: Deputy CEO and CFO Juvencio Maeztu

In an exclusive conversation with CNBC-TV18, Juvencio Maeztu, Deputy CEO and CFO at Ingka Group and IKEA, who confessed to having a deep emotional connection with India, said IKEA has a whole menu of growth opportunities listed down.

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Dreaded JAS quarter over, what next for aviation sector?

Passenger numbers have seen a 5% drop in Q2Y24, sequentially. In such a situation, who will be the first one to drop fares and go after loads and not yields? It looks the focus will shift back to business travel.

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HCL Tech Q2: Revenue guidance cut but deal wins at all-time high; should you buy, sell or hold?

The management of HCL Technologies expects a strong H2 amidst an uncertain environment

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Infosys Q2 FY24 – Decent quarter marred by weak guidance

As FY25 promises to be good, the lowering of guidance for the current fiscal won’t have much impact on stock

from Moneycontrol Business News https://www.moneycontrol.com/news/business/infosys-q2-fy24-–-decent-quarter-marred-by-weak-guidance_17268451.html

Infosys Q2 results beat street but weak guidance sends ADRs crashing 7% in New York trading

Infosys narrowed its revenue growth guidance for the full year at the upper end and has now guided for revenue growth of 1-2.5 percent for the full year.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/infosys-q2-results-beat-streetweak-guidance-sends-adrs-crashing-7new-york-trading_17268261.html

AirAsia operator seeks $200 million from private credit for loan

The loan will be in the form of a revenue bond, with investors to be paid out of ticket sales from ten AirAsia flight routes, the people said, declining to be identified because the matter is private. A representative of the company declined to comment.

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Glenmark arm inks licensing pact with Astria Therapeutics

With the execution of this agreement, Ichnos has successfully licensed its two assets for inflammatory and immunological diseases, a key milestone in the company#39;s prioritisation of its pipeline of oncology drug candidates, Ichnos Sciences said in a statement filed on BSE by Glenmark.

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Coal India says trade unions defer strike plan

A total of five trade unions -- BMS, INTUC, CITU, AITUC and HMS -- had given a call for strike from October 12-14 over the issues pertaining to wage payment, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation, told PTI.

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India Ratings downgrades rating on Vedanta#39;s debt instruments

The ratings have been downgraded to #39;IND AA-#39; from #39;IND AA#39;, Vedanta said in a filing to the BSE.

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Aster’s India unit draws suitors valuing business at $1.5 billion

BPEA EQT and OTPP have expressed preliminary interest in the hospital operator’s business in the South Asian nation, the people said.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/aster’s-india-unit-draws-suitors-valuing-business-at-3615-billion_17266831.html

Zensar – Is the stock reflecting excessive optimism?

Margins to moderate but growth potential high, given the small size of the company

from Moneycontrol Business News https://www.moneycontrol.com/news/business/zensar-–-isstock-reflecting-excessive-optimism_17264911.html