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moneycontrol.com | https://www.moneycontrol.com/news/business/citigroup-sees-india-luring-100-billion-in-foreign-investment-12772399.html | Citigroup sees India luring $100 billion in foreign investment | Citigroup sees India luring $100 billion in foreign investment.Related stories. | Foreign investors will likely deploy as much as $100 billion in India this fiscal year, drawn to high-tech manufacturing, infrastructure and climate-change projects in the world’s most-populous country, according to a Citigroup Inc. banker. Companies working to help India meet its net-zero goals will be among the ben... | null | null | 2024-07-19 06:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/financial-assets-rose-23-during-pandemic-owing-to-asset-price-gains-rbi-bulletin-12772246.html | Financial assets rose 23% during pandemic owing to asset price gains: RBI Bulletin | Asset prices contributed to some gains in household savings.Related stories. | A quarter of increase in financial assets of households during the pandemic was due to rising asset prices, according to a paper published in the RBI’s July bulletin. “On a cumulative basis, the financial assets of households rose by Rs 123.2 lakh crore between the quarter-ended December 2019 and the quarter-ended ... | null | null | 2024-07-18 19:35 |
moneycontrol.com | https://www.moneycontrol.com/news/business/banks/bank-of-india-raises-rs-5000-crore-via-long-term-infrastructure-bonds-12772251.html | Bank of India raises Rs 5,000 crore via long-term infrastructure bonds | The bank said the base issue size was Rs 2,000 crore with a green shoe option of Rs 3,000 crore, the company statement said..Related stories. | Bank of Indiaraised Rs 5,000 crore at an interest of 7.54 percent per annum through long-term infrastructure bonds on July 18 via NSE electronic bidding platform, the lender said in an exchange filing. The bank said the base issue size was Rs 2,000 crore with a green shoe option of Rs 3,000 crore, the company statement... | null | null | 2024-07-18 19:11 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/with-an-eye-on-state-elections-kisan-and-mahila-could-be-focus-for-budget-2024-25-12771512.html | MC Exclusive: With an eye on state elections, kisan and mahila could be focus for Budget 2024 | Budget could see a focus on Kisan and Mahila.Related stories. | The upcoming budget may see an enhanced focus on farmers and women, given the recent political context of the BJP losing its absolute majority in the general elections and upcoming assembly elections in a few states. Two people aware of the budget discussions toldÂMoneycontrolÂthat the annual payout to farmers under th... | null | null | 2024-07-18 19:02 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/lt-tech-q1-net-profit-up-1-yoy-at-rs-314-crore-12772184.html | L&T Tech Q1 net profit up 1% YoY at Rs 314 crore | In the three-months period that ended on June 30, the IT services company won two deals worth $30 million, another two worth $15 million and three deals with TCV of $10 million, the company statement said..Related stories. | L&T Technology Serviceson July 18 posted a net profit of Rs 313.6 crore, marginally higher by 0.8 percent over Rs 311.1 crore reported in the year-ago period, the company said in an exchange filing. However, June quarter reading saw a decline of close to┬Ānine percent over Rs 340.9 crore posted in the March quarter, ac... | null | null | 2024-07-18 17:33 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/tata-technologies-q1-results-net-profit-down-15-at-rs-162-03-crore-12772142.html | Tata Technologies Q1 results: Net profit down 15% at Rs 162.03 crore | The profit for the June 30 ended quarter was marginally higher than Rs 157.24 crore posted in the March quarter, according to the filing.. | Tata Technologieshas reported a net profit of Rs 162.03 crore for the June quarter of FY25, down 15.4 percent from the year-ago period. Sequentially, the profit was marginally higher than Rs 157.24 crore in the March quarter, the Tata group company said in an after-market filing on July 18. At Rs 1,268.97 crore the rev... | null | null | 2024-07-18 16:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/why-are-kerala-andhra-pradesh-vying-for-karnataka-firms-12772107.html | Why are Kerala, Andhra Pradesh vying for Karnataka firms? | Higher output of Karnataka firms, better employment.Related stories. | Andhra Pradesh and Kerala were quick to roll out the red carpet as the government in neighbouring Karnataka faced backlash over a bill that proposes to reserve jobs for locals in the private sector. While the Siddaramaiah government on July 17 evening decided to put thebill on hold, aMoneycontrolanalysis shows that And... | null | null | 2024-07-18 16:08 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/federal-reserves-critics-on-inflation-should-now-champion-july-cut-12772066-12772066.html | Federal Reserve’s critics on inflation should now champion July cut | Among the Fed’s top leaders, the goal of forward-looking monetary policy is uncontroversial..Related stories. | Back in 2021, legions of critics lambasted the Federal Reserve for failing to take proactive and forward-looking steps against the emerging inflation threat. Curiously, many of them have gone silent on the risk that the Fed might get caught flatfooted again, this time by failing toÂcut interest rates soon enough in ... | null | null | 2024-07-18 15:35 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/moneycontrol-pro-panorama-karnatakas-risky-experiment-on-job-reservation-12771931.html | Moneycontrol Pro Panorama | Karnataka’s risky experiment on job reservation | If other states too followed Karnataka’s formula, we would be looking at nothing less than total chaos in the job market..Related stories. | Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. First things first.In the last two days, I saw a lot of ... | null | null | 2024-07-18 15:10 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-targets-110-billion-fdi-a-year-to-help-boost-economy-12771920.html | India targets $110 billion FDI a year to help boost economy | India targets $110 billion FDI a year to help boost economy. | India is aiming to boost annual foreign direct investment by more than 50% to help lift economic growth, according to a top official at the government’s investment promotion agency. “For the next seven years, our goal is to draw $110 billion per year which amounts roughly $1 trillion plus over the next 10 years,”... | null | null | 2024-07-18 13:50 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/malaysia-requests-india-to-ease-export-curbs-on-some-farm-goods-12771919.html | Malaysia requests India to ease export curbs on some farm goods | Malaysia requests India to ease export curbs on some farm goods. | Malaysia has requested India to ease export curbs on some farm goods like rice and sugar, Malaysia's minister for plantation and commodities said on Thursday. India's abrupt export curbs on farm goods are bad for Malaysia, Johari Bin Abdul Ghani said on the sidelines of an industry conference in New Delhi. | null | null | 2024-07-18 13:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/fiscal-deficit-at-5-of-gdp-for-fy25-nominal-growth-at-11-mc-economists-poll-12771730.html | Fiscal deficit at 5% of GDP for FY25, nominal growth at 11%: MC Economists Poll | Fiscal deficit to be lower say economists.Related stories. | The government is likely to record a lower fiscal deficit and a higher growth than what was estimated in the Interim Budget, as it retains its focus on fiscal prudence, economists said in a poll conducted byMoneycontrol. The median forecast of 16 economists pegged the fiscal deficit at 5 percent of the GDP, 10 basis p... | null | null | 2024-07-18 13:41 |
moneycontrol.com | https://www.moneycontrol.com/news/business/government-grants-three-month-extension-to-r-p-goyal-as-nhpc-cmd-12771907.html | Government grants three-month extension to R P Goyal as NHPC CMD | Government grants three-month extension to R P Goyal as NHPC CMD. | The government has decided to extend Rajendra Prasad Goyal's tenure as NHPC CMD by another three months, starting from June 1, 2024. This extension, announced via a regulatory filing by NHPC, maintains Goyal's current role as Director of Finance at the organization. Goyal is Director of Finance at NHPC. He has been hol... | null | null | 2024-07-18 13:41 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-plans-to-ease-rice-export-curbs-as-stocks-surge-to-record-12771895.html | India plans to ease rice export curbs as stocks surge to record | India plans to ease rice export curbs as stocks surge to record.Related stories. | India is likely to cut the floor price for basmati rice exports and replace the 20% export tax on parboiled rice with a fixed duty on overseas shipments, government sources said, as rice inventories in the country jumped a record high. The world's biggest rice exporter imposed various curbs on exports in 2023 and conti... | null | null | 2024-07-18 13:28 |
moneycontrol.com | https://www.moneycontrol.com/news/economy/policy/karnataka-govt-will-provide-industry-ready-skills-for-locals-no-need-for-businesses-to-panic-says-it-minister-priyank-kharge-12771545.html | Karnataka govt will provide industry-ready skills for locals, no need for businesses to panic: IT minister Priyank Kharge | Related stories. | Karnataka's IT-BT Minister Priyanka Kharge assured businesses on July 18 that the state government is focused on providing industry-ready skills to locals, aiming to ease tensions amid debates over a job reservation bill. The state government was forced to put on hold the bill proposing job reservations for locals in t... | null | null | 2024-07-18 13:12 |
moneycontrol.com | https://www.moneycontrol.com/news/business/tata-power-renewable-energy-nhpc-renewable-join-hands-for-installation-of-rooftop-solar-projects-12771853.html | Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects | Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects. | Tata Power Renewable Energy Ltd (TPREL) has joined hands with state-owned NHPC Renewable Energy Ltd (NHPC-REL) for installation of rooftop solar projects on government buildings of central ministries, states, and union territories. "This collaboration represents a major step forward in our shared vision of a sustainabl... | null | null | 2024-07-18 12:58 |
moneycontrol.com | https://www.moneycontrol.com/news/business/wipro-holdings-uk-transfers-entire-stake-in-wipro-financial-outsourcing-to-wipro-it-services-uk-12771799.html | Wipro Holdings UK transfers entire stake in Wipro Financial Outsourcing to Wipro IT Services UK | Wipro Holdings UK transfers entire stake in Wipro Financial Outsourcing to Wipro IT Services UK. | Wipro Holdings (UK) has transferred its entire shareholding in Wipro Financial Outsourcing Services Ltd to Wipro IT Services UK Societas, as part of efforts to rationalise and simplify the overall group structure, according to a regulatory filing. With this, Wipro IT Services UK Societas will hold 100 per cent stake in... | null | null | 2024-07-18 12:22 |
moneycontrol.com | https://www.moneycontrol.com/news/business/air-india-rolls-out-vrs-for-non-flying-staff-ahead-of-vistara-merger-12771574.html | Air India rolls out VRS for non-flying staff ahead of Vistara merger | Air India rolls out VRS for non-flying staff ahead of Vistara merger.Related stories. | Air India has rolled out a voluntary retirement scheme (VRS) along with a voluntary separation scheme for its non-flying permanent staff ahead of the merger of Vistara with it, according to sources. The VRS scheme is open to employees who have completed five years of service with the company while the voluntary separat... | null | null | 2024-07-18 08:36 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/indias-digital-payments-system-needs-simpler-kyc-process-to-reach-newer-heights-12771464.html | India’s digital payments system needs simpler KYC process to reach newer heights | Digital payments in India are projected to double by 2030..Related stories. | India's digitalization journey has become a notable success, with the Unified Payments Interface (UPI) standing out globally as a model case study. The rise of digital payments in India, from $300 billion in 2018 to $3.6 trillion in 2024, with projections to double by 2030, demonstrates a significant transformation. Ro... | null | null | 2024-07-18 08:15 |
moneycontrol.com | https://www.moneycontrol.com/news/business/dlf-to-expand-housing-commercial-property-business-entering-mumbai-goa-chairman-rajiv-singh-12771513.html | DLF to expand housing, commercial property business; entering Mumbai, Goa: Chairman Rajiv Singh | DLF to expand housing, commercial property business; entering Mumbai, Goa: Chairman Rajiv Singh.Related stories. | Realty majorDLFwill focus on expanding its business to develop residential and commercial projects and is entering new markets Mumbai and Goa to tap into growth opportunities, its Chairman Rajiv Singh said. In his message to shareholders in the annual report, Singh said the company will continue to focus on corporate g... | null | null | 2024-07-18 07:21 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/us-stocks-mostly-down-amid-talk-of-overbought-market-12771413.html | US stocks mostly down amid talk of 'overbought' market | The Dow remained modestly positive, while both the S&P 500 and Nasdaq were firmly in the red. | Wall Street stocks mostly fell early Wednesday on weakness in Nvidia and other tech giants amid talk that markets are "overbought" after numerous records. The Dow remained modestly positive, while both the S&P 500 and Nasdaq were firmly in the red. About 15 minutes into trading, the Dow Jones Industrial Average was up ... | null | null | 2024-07-17 19:44 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/rising-us-rate-cut-optimism-steers-gold-to-all-time-high-12771385.html | Rising US rate cut optimism steers gold to all-time high | Rising US rate cut optimism steers gold to all-time high.Related stories. | Gold prices hit a record high on Wednesday, as comments from Federal Reserve officials boosted expectations of a September interest rate cut in the U.S. Spot gold was up 0.2% at $2,473.89 per ounce as of 1002 GMT, after hitting an all-time high of $2,482.29 earlier in the session. U.S. gold futures gained 0.4% to $2,47... | null | null | 2024-07-17 18:47 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/mango-tastes-sour-this-summer-as-wholesale-price-sizzles-at-rs-48-5-a-kg-up-20-7-12771192.html | Mango tastes sour this summer as wholesale price sizzles at Rs 48.5 a kg, up 20.7% | Mango inflation inches up.Related stories. | The king of fruits is not soaamthis summer, with the prices being considerably hotter than last year. Mango inflation stood a high 37 percent in June, as against 25 percent a month back. The summer fruit was trading at a 12 percent premium of Rs 39.6 per kg in the wholesale market in the first two weeks of July, compar... | null | null | 2024-07-17 16:03 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/dharana-capital-invests-rs-400-crore-in-on-demand-home-service-provider-urban-company-12771212.html | Dharana Capital invests Rs 400 crore in on-demand home service provider Urban Company | The shares were acquired from employees and other shareholders, making this transaction the largest ESOP liquidity in Urban Company's history. | Dharana Capital on July 17 announced the acquisition of shares worth over Rs 400 crore ($50 million) in on-demand home service provider Urban Company (UrbanClap Technologies Private Limited) through a significant secondary transaction. The shares were acquired from employees and other shareholders, making this transact... | null | null | 2024-07-17 15:45 |
moneycontrol.com | https://www.moneycontrol.com/news/business/sanofi-to-invest-euro-400-million-in-its-hyderabad-gcc-by-2030-12771178.html | Sanofi to invest Euro 400 million in its Hyderabad GCC by 2030 | Sanofi to invest Euro 400 million in its Hyderabad GCC by 2030. | Sanofi Healthcare India Pvt Ltd on Wednesday announced the expansion of its Global Capacity Centre (GCC) here with plans to invest Euro 400 million over the next six years, out of which Euro 100 million will be pumped in by next year. Madeliene Roach, Executive Vice President, Business Operations, Sanofi said in a pres... | null | null | 2024-07-17 14:45 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indias-food-subsidies-to-cost-11-more-than-initial-plan-12771149.html | India's food subsidies to cost 11% more than initial plan | India's food subsidies to cost 11% more than initial plan. | India is likely to spend 2.25 trillion rupees ($11.97 billion) on food subsidies this financial year, four government sources said, up around 11% from the interim budget estimate in February due to higher spending on the support price for farmers. The country's combined food and fertiliser bill is expected to reach 3.8... | null | null | 2024-07-17 14:18 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/karnatakas-domicile-based-reservation-is-a-bad-idea-that-will-fail-in-court-12771117.html | Karnataka’s domicile-based reservation is a bad idea that will fail in court | Regardless of the political party in power, expanding the scope of reservation has become a preferred option to bridge the gap between youth aspirations and the reality of the job market.Related stories. | Karnataka’s Congress government is set to join the bandwagon of administrations which are using reservation as a tool to deal with an unsatisfactory job market for the young. The state cabinet has cleared a bill which aims to reserve 50 percent of jobs in a managerial role and 70 percent in non-managerial roles for p... | null | null | 2024-07-17 13:50 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/bajaj-electricals-md-ceo-anuj-poddar-steps-down-12771120.html | Bajaj Electricals' MD & CEO Anuj Poddar steps down | It was under Poddar's leadership that Bajaj Electricals became net-debt-free for the first time in March 2022.Related stories. | Bajaj Electricals Limited on July 17 said that its Managing Director & Chief Executive Officer Anuj Poddar has resigned from the post with effect from September 30, 2024. Poddar will move on from the company to pursue an external opportunity. During the transition period, Shekhar Bajaj, Chairman of the company will tak... | null | null | 2024-07-17 13:29 |
moneycontrol.com | https://www.moneycontrol.com/news/business/panasonic-avionics-opens-new-software-design-facility-in-pune-12771106.html | Panasonic Avionics opens new software design facility in Pune | Panasonic Avionics opens new software design facility in Pune.Related stories. | In-flight Engagement and Connectivity (IFEC) solutions provider Panasonic Avionics on Wednesday opened a new software design and development facility in Pune. The new facility, inaugurated by the Minister of State for Civil Aviation, Murlidhar Mohol, is the first in the country by Panasonic Avionics Corporation dedicat... | null | null | 2024-07-17 13:22 |
moneycontrol.com | https://www.moneycontrol.com/technology/karnatakas-job-quota-for-locals-industries-minister-says-everyones-interests-will-be-safeguarded-article-12771074.html | Karnataka's job quota for locals: Industries minister says 'everyone's interests will be safeguarded' | cKarnataka Commerce & Industries Minister MB Patil..Related stories. | Karnataka's move to reserve jobs for locals in the private sector has sparked division among its ministers, with State Commerce & Industries Minister MB Patil asserting the state's commitment in safeguarding everyone's interest. "Karnataka is a progressive state, and we cannot afford to lose in this once-in-a-century r... | null | null | 2024-07-17 13:06 |
moneycontrol.com | https://www.moneycontrol.com/technology/junk-this-bill-industry-leaders-slam-karnatakas-job-quota-for-locals-article-12771040.html | Junk this bill: Industry leaders slam Karnataka's job quota for locals | Many industry leaders said the state government's decision will impact business activities in the state and may even force some to relocate to other states. File photo.Related stories. | The Karnataka government's move to reserve jobs in the private sector for locals has faced sharp criticism from industry leaders, who argue that the measure will deter talent and investment from flowing into the state. On July 15, the Karnataka cabinetapproved a draft billmandating that 50 percent of management jobs an... | null | null | 2024-07-17 12:40 |
moneycontrol.com | https://www.moneycontrol.com/news/business/pratt-whitney-opens-new-customer-service-centre-in-bengaluru-12771020.html | Pratt & Whitney opens new customer service centre in Bengaluru | Pratt & Whitney opens new customer service centre in Bengaluru.Related stories. | US aerospace major Pratt & Whitney on Wednesday announced the establishment of a new Customer Service Centre (CSS) in Bengaluru. As part of the company's India Capability Centre, the new facility will drive customer service and operations support for Pratt & Whitney Canada's 68,000 engines in service globally, the comp... | null | null | 2024-07-17 12:22 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/adb-keeps-7-growth-forecast-unchanged-for-indian-economy-in-fy25-12770942.html | ADB keeps 7% growth forecast unchanged for Indian economy in FY25 | ADB raises growth.Related stories. | Asian Development Bank kept India’s FY25 growth forecast unchanged at 7 percent from its April outlook, according to its latest report released on July 17. The Asian lender projected the economy to grow faster at 7.2 percent in FY26. “After muted growth in FY24, a rebound in agriculture is expected given the above... | null | null | 2024-07-17 11:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/glenmark-pharma-gets-usfda-nod-for-seizure-treatment-drug-2-12770924.html | Glenmark Pharma gets USFDA nod for seizure treatment drug | Glenmark Pharma gets USFDA nod for seizure treatment drug. | Glenmark PharmaceuticalsLtd on Wednesday said it has received final approval from the US health regulator for its generic Topiramate capsules used to treat certain types of seizure. The approval by the US Food & Drug Administration (USFDA) is for Topiramate capsules of strengths 15 mg and 25 mg, Glenmark Pharmaceutical... | null | null | 2024-07-17 10:40 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/union-budget-2024-the-fours-themes-of-growth-12770814.html | Union Budget 2024: The four themes of growth | Four priorities for Budget 2024-25..Related stories. | Strong growth momentum, healthy external buffers and strong balance sheets of corporates and banks provide a favourable backdrop to the full Union Budget for this fiscal. That said, stubborn food inflation, weak consumption demand and tepid private investments call for remedial measures. It also needs to be kept in min... | null | null | 2024-07-17 09:47 |
moneycontrol.com | https://www.moneycontrol.com/news/business/nclt-admits-byjus-to-insolvency-resolution-process-order-passed-in-bccis-plea-12770170.html | NCLT admits Byju's to insolvency resolution process, order passed in BCCI's plea | The tribunal has appointed Pankaj Srivastava as the interim resolution professional..Related stories. | The National Company Law Tribunal (NCLT) on July 16 admitted embattled ed-tech company Byju's parent Think and Learn to insolvency resolution process in a plea filed by the Board of Control for Cricket in India (BCCI). The tribunal has appointed Pankaj Srivastava as the interim resolution professional, in charge of ru... | null | null | 2024-07-17 08:31 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/expect-domestic-two-wheeler-sales-to-reach-peak-levels-of-fy19-latest-by-q1-fy26-bajaj-auto-12770809.html | Expect domestic two-wheeler sales to reach peak levels of FY19 latest by Q1 FY26: Bajaj Auto | The rising commodity prices, specially natural rubber, have forced the company to increase prices in beginning of this month.Related stories. | Two-wheeler sales in India are expected to grow around 6-8 per cent this fiscal and could reach the peak level of 2018-19 either in the fourth quarter or the beginning of next financial year, a top official of Bajaj Auto said on Tuesday. The rising commodity prices, specially natural rubber, have forced the company to ... | null | null | 2024-07-16 23:15 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/imf-raises-indias-growth-forecast-upward-to-7-for-fy25-12770695.html | IMF raises India’s FY25 growth forecast to 7% from 6.8% | IMF India forecast.Related stories. | The International Monetary Fund raised India’s growth forecast for FY25 to 7 percent from 6.8 percent projected in April, according to its World Economic Outlook released on July 16. "The forecast for growth in India has also been revised upward, to 7 percent, this year, with the change reflecting carryover from upw... | null | null | 2024-07-16 22:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/gold-sprints-to-all-time-high-as-fed-rate-cut-hopes-boost-demand-12770795.html | Gold sprints to all-time high as Fed rate-cut hopes boost demand | Gold sprints to all-time high as Fed rate-cut hopes boost demand.Related stories. | Gold prices jumped more than 1% to a record high on Tuesday, as investors flocked to the safe-haven asset after comments from Federal Reserve officials cemented expectations of a U.S. interest rate cut in September. Spot gold gained 1.6% to $2,460.99 per ounce by 11:32 a.m. ET (1532 GMT), while U.S. gold futures for Au... | null | null | 2024-07-16 22:16 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/tata-power-to-invest-rs-20000-crore-capex-in-fy25-n-chandrasekaran-12770754.html | Tata Power to invest Rs 20,000 crore capex in FY25: N Chandrasekaran | Among the key higlights the company said that there will be aggressive growth in rooftop solar projects , and the company is aiming for increased market share on back of PM Surya Ghar Yojana.Related stories. | Tata Power will invest Rs 20,000 crore capex in FY25, the electric utility company's chairman said on July 16 during its 105th Annual General Meeting (AGM) for the Financial Year 2023-24. Natarajan Chandrasekaran, in his speech to shareholders, said that the company's robust financial and operational performance is a ... | null | null | 2024-07-16 21:22 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/network18-q1fy25-tv-news-revenue-jumps-14-digital-news-business-records-34-growth-12770756.html | Network18 Q1FY25: TV news revenue jumps 14%, digital news business records 34% growth | The largest TV news network in India registered a revenue of Rs 385 crore in Q1FY25, as compared to Rs 337 crore in the same quarter of FY24.Related stories. | Network18’s TV news business has recorded a significant jump of 14 percent in revenue in the fiscal first quarter. The largest TV news network in India registered a revenue of Rs 385 crore in Q1FY25, as compared to Rs 337 crore in the same quarter of FY24. It delivered industry-leading revenue growth during the gener... | null | null | 2024-07-16 21:08 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/why-chinas-slowdown-is-not-indias-headache-12770480.html | Why China's slowdown is not India's headache? | China growth slowdown to have marginal impact on growth.Related stories. | The Chinese economy is likely to pull down global growth further, as it struggles to reach its 5 percent target for 2024, but the impact on India may be limited, economists told Moneycontrol, as they noted that lower commodity prices could help curb the downside. The Chinese economy grew 4.7 percent in the second quart... | null | null | 2024-07-16 20:04 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/home-delivery-of-liquor-through-swiggy-zomato-bigbasket-likely-soon-in-more-states-report-12770707.html | Home delivery of liquor through Swiggy, Zomato, BigBasket likely soon in more states: Report | Currently only two states, West Bengal and Odisha allow home delivery of alcohol.Related stories. | Food delivery platforms like Swiggy, Zomato, and BigBasket may soon start to deliver drinks with low-alchohol such as wine and beer in more states, according to a report published in The Economic Times. Currently, only two states, West Bengal and Odisha allow home delivery of alcohol and according to the ET report auth... | null | null | 2024-07-16 19:20 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/imf-keeps-global-growth-forecast-unchanged-at-3-2-for-2024-12770710.html | IMF keeps global growth forecast unchanged at 3.2% for 2024 | Global growth steady at 3.2%.Related stories. | The International Monetary Fund, on July 16, predicted the global economy to register 3.2 percent growth in 2024, unchanged from April. The multilateral institution predicted a stable path to growth, with 2025 expected numbers to be a tad higher at 3.3 percent in 2025. “The forecast for growth in emerging market and ... | null | null | 2024-07-16 19:10 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/us-retail-sales-unchanged-in-june-beating-forecasts-for-slight-drop-12770696.html | US retail sales unchanged in June, beating forecasts for slight drop | US retail sales unchanged in June, beating forecasts for slight drop.Related stories. | U.S. retail sales were unchanged in June and the underlying trend was strong, which could boost economic growth estimates for the second quarter. The flat reading in retail sales last month followed an upwardly revised 0.3% gain in May, the Commerce Department's Census Bureau said on Tuesday. Economists polled by Reute... | null | null | 2024-07-16 18:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/indian-bonds-in-demand-as-global-stock-investors-seek-collateral-12770626.html | Indian bonds in demand as global stock investors seek collateral | Indian bonds in demand as global stock investors seek collateral.Related stories. | India’s sovereign bond market is attracting foreign equity investors, who are using the securities as collateral for trade margin requirements. The inclusion of the nation’s government debt in JPMorgan Chase & Co.’s emerging- market bond index last month has enhanced their acceptance as collateral. This developme... | null | null | 2024-07-16 17:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/morgan-stanleys-q2-profit-jumps-as-investment-banking-recovers-12770603.html | Morgan Stanley's Q2 profit jumps as investment banking recovers | Morgan Stanley's Q2 profit jumps as investment banking recovers. | Morgan Stanley's profit rose in the second quarter as investment banking activity rebounded. Its net income rose to $3.1 billion, or $1.82 per share, in the three months ended June 30, the bank said on Tuesday. That compares with $2.2 billion, or $1.24 per share, a year earlier. An improving economic outlook, expectati... | null | null | 2024-07-16 17:13 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/how-much-the-federal-reserve-cuts-interest-rates-will-depend-on-housing-market-12770589.html | How much the Federal Reserve cuts interest rates will depend on housing market | The Fed now needs to support the labor market, and that means treating housing as an industry to boost rather than suppress..Related stories. | It’s been clear since the fall of 2022 that the housing market neededÂlower interest rates to fix many of its problems including a lack of affordability for buyers, the mortgage rate lock-in dynamic for homeowners, and reduced activity for companies ranging from Home Depot Inc and Lowe’s Cos to suppliers of buildi... | null | null | 2024-07-16 16:58 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/adani-ihc-jv-acquires-cloud-platform-company-coredge-io-from-parserlabs-12770582.html | Adani-IHC JV acquires cloud platform company Coredge.io from Parserlabs | Via this agreement, Coredge.io, which offers AI and cloud services, will enable Sirius Digitech to provide Machine Learning as-a-Service..Related stories. | Sirius Digitech, a joint venture between Adani Group and International Holding Company, on July signed binding pacts to buy Coredge.io Private Limited, an AI and cloud platform company. As per the regulatory filing, Adani Group will buy 77.5 percent stake in Coredge's parent Parserlabs India. Parserlabs owns 100 percen... | null | null | 2024-07-16 16:34 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/rupee-rises-3-paise-to-close-at-83-58-against-us-dollar-12770576.html | Rupee rises 3 paise to close at 83.58 against US dollar | Rupee rises 3 paise to close at 83.58 against US dollar.Related stories. | The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 (provisional) against the US dollar on Tuesday, on firm domestic markets and sustained inflow of foreign capital. Forex traders said a decline in crude oil prices favoured the rupee, while a strong US dollar capped sharp gains. At ... | null | null | 2024-07-16 16:29 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/vedanta-opens-qip-sets-floor-price-at-rs-461-26-per-share-12769844.html | Anil Agarwal's Vedanta seeks over a billion dollars through an upsized QIP issue | Oaktree, Deutsche, Union Bank to get repaid from Vedanta QIP proceeds.Related stories. | Anil Agarwal-controlled mining conglomerate Vedanta has upsized its Qualified Institutional Placement (QIP) to $1.02 billion, according toBloomberg News, offering 19.32 crore shares at a floor price of Rs 440 apiece. The floor price of the share placement represents a 4.23% discount to closing price of July 15. Vedan... | null | null | 2024-07-16 16:27 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/revival-in-rural-economy-still-a-quarter-away-monsoon-inflation-budget-to-play-key-roles-experts-12770472.html | Revival in rural economy still a quarter away; monsoon, inflation, budget to play key roles: Experts | Monsoon and lower inflation key for pick up.Related stories. | India's rural economy will need another quarter to rebound, economists toldMoneycontrol, as they noted that the consumer goods growth seen in May was temporary. “The Q3 will be indicative of full revival, if at all,” said Madan Sabnavis, chief economist at Bank of Baroda. Consumer durables production, an indicator... | null | null | 2024-07-16 14:54 |
moneycontrol.com | https://www.moneycontrol.com/news/india/defence-ministry-notifies-5th-indigenisation-list-with-346-components-for-dpsus-12770321.html | Defence ministry notifies 5th indigenisation list with 346 components for DPSUs | Items in the indigenization list can only be procured from the Indian Industry based on the timelines provided by the ministry.Related stories. | Union ministry of defence on July 16 issued its fifth indigenisation list consisting 346 items for the defence public sector undertakings (DPSUs), the ministry said in a statement. The list includes strategically-important line replacement units/systems/ sub-systems/assemblies/sub-assemblies/spares & components and raw... | null | null | 2024-07-16 13:07 |
moneycontrol.com | https://www.moneycontrol.com/news/business/69-ceos-say-govt-should-focus-on-tax-simplification-energy-reforms-under-modi-3-0-mc-survey-12769064.html | 69% CEOs say govt should focus on tax simplification, energy reforms under Modi 3.0: MC Survey | The Modi 3.0 is likely to continue with the transformational reforms with increased focus on capex and tax simplifications..Related stories. | The Modi 3.0 administration is likely to continue with transformational reforms, with an increased focus on capex, tax simplifications, revenue augmentation, governance and energy, 69 percent of CEOs said in the MC-Deloitte CEO Survey. The survey asked 78 CEOs across industries for their assessment of the reform agenda... | null | null | 2024-07-16 11:18 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/pc-jeweller-gets-indusind-banks-approval-for-one-time-settlement-of-outstanding-dues-12769900.html | PC Jeweller gets IndusInd Bank's approval for one-time settlement of outstanding dues | PC Jeweller's troubles began in February 2023, when banks decided to recall loans advanced to it after it was revealed in a filing that the company had defaulted on loans worth Rs 3,466 crore from banks and financial institutions.Related stories. | PC Jeweller informed stock exchanges on July 15 that it has received approval fromIndusInd Bankfor its One Time Settlement (OTS) proposal. It said IndusInd Bank conveyed its decision via a letter dated July 15. "The Company had opted for OTS to settle the outstanding dues. The terms and conditions of approved OTS inclu... | null | null | 2024-07-15 23:03 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/zee-entertainment-receives-shareholder-approval-to-raise-rs-2000-crore-12769791.html | Zee Entertainment receives shareholder approval to raise Rs 2,000 crore | Shares of Zee on July 15 closed at 3.14 percent higher at Rs 160.38 apiece on BSE.. | Zee Entertainment Enterprises Limited (ZEEL) on July 15 said that it has got the approval of the shareholders of the company to raise Rs 2,000 crores from the market through various routes, including issuing equity shares and qualified institutions placements (QIPs). The remote e-voting period for this special resoluti... | null | null | 2024-07-15 22:59 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/world-youth-skills-day-how-is-india-placed-with-over-50-of-population-below-25-12769889.html | World Youth Skills Day: How is India placed with over 50% of population below 25? | According to the United Nations, the number of young people aged 15-24 globally comprises 1.2 billion individuals.Related stories. | Skilling has become a buzzword in todayŌĆÖs rapidly evolving world. Continuous upskilling is crucial for professionals to remain relevant in a dynamic job market. Instituted in 2014 by the United Nations General Assembly with the aim of equipping young people with skills for employment, entrepreneurship and decent work... | null | null | 2024-07-15 22:06 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/google-parent-alphabet-in-talks-to-buy-cybersecurity-startup-wiz-for-23-billion-12769851.html | Google parent Alphabet in talks to buy cybersecurity startup Wiz for $23 billion | Small figurines are seen in front of displayed Alphabet logo in this illustration.Related stories. | Google parent Alphabet is in advanced talks to acquire cybersecurity startup Wiz for roughly $23 billion, a person familiar with the matter said on Sunday, in a deal that would represent the technology giant's biggest acquisition ever. The deal, being funded mostly in cash, could come together soon, the source added, s... | null | null | 2024-07-15 21:25 |
moneycontrol.com | https://www.moneycontrol.com/news/economy/policy/india-implements-uniform-5-tax-for-all-aircraft-aircraft-engine-parts-12769823.html | India implements uniform 5% tax for all aircraft, aircraft engine parts | A model of the Airbus A220-300 aircraft is seen at a media event at Indira Gandhi International Airport in New Delhi. | India will tax all imports of aircraft components and aircraft engine parts at 5%, the civil aviation minister said on Monday, unifying the tax rate which earlier varied between 5% and 28%. The uniform rate, effective from Monday itself, was recommended by India's Goods and Services Tax (GST) Council in June and will a... | null | null | 2024-07-15 20:52 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/temaseks-ravi-lambah-on-manipal-hospitals-ipo-impact-of-hyundai-india-listing-on-mncs-and-ongoing-block-deal-frenzy-12769783.html | Temasek's Ravi Lambah on Manipal Hospitals IPO, impact of Hyundai India listing on MNCs and ongoing block deal frenzy | Ravi Lambah.Related stories. | Singapore investment giant Temasek, which holds a majority stake in Manipal Hospitals, may opt for the organic expansion route before it takes India's second-largest hospital chain by bed capacity public. That's the word coming in from the firm's India spearhead Ravi Lambah, who feels India's mouth-watering valuations ... | null | null | 2024-07-15 19:48 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/burberry-replaces-ceo-jonathan-akeroyd-after-disappointing-results-12769740.html | Burberry replaces CEO Jonathan Akeroyd after 'disappointing' results | Branding for a fashion retailer Burberry is pictured outside a store in west London.Related stories. | British fashion label Burberry on Monday announced the immediate departure of chief executive Jonathan Akeroyd as it posted "disappointing" results with the luxury sector pressured by weak Chinese demand. Akeroyd, 57, departs after less than two and a half years at the helm, while the Briton is being replaced by Joshua... | null | null | 2024-07-15 18:33 |
moneycontrol.com | https://www.moneycontrol.com/news/business/hindalco-to-sell-land-parcel-in-maharashtra-to-birla-estates-subsidiary-ekamaya-properties-for-rs-595-crore-12769414.html | Hindalco to sell land parcel in Maharashtra to Birla Estates' unit for Rs 595 cr | The transaction is subject to signing of definitive documents, completion of customary closing conditions and receipt of regulatory approvals, the filing said.. | Hindalco Industries agreed to sell its land parcel in Maharashtra's Kalwa to Ekamaya Properties Pvt Ltd, which is a wholly-owned subsidiary of Birla Estates Pvt Ltd for Rs 595 crore, the former said in a statement on July 15. Last year in July, the company had announced that the board of directors had given its approv... | null | null | 2024-07-15 18:24 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/wholesale-inflation-rises-to-3-4-in-june-12769158.html | Wholesale inflation rises to 16-month high of 3.4% in June | wholesale inflation rises in June.Related stories. | Wholesale inflation rose to a 16-month high of 3.4 percent in June as against 2.6 percent in the previous month, as food and manufactured products inflation rose further, according to data released by the government on July 15. "The jump in the WPI inflation to 3.4% in June 2024 was broad-based, and along expected lin... | null | null | 2024-07-15 18:12 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/goldman-sachs-q2-profit-jumps-on-robust-debt-underwriting-fixed-income-trading-12769726.html | Goldman Sachs Q2 profit jumps on robust debt underwriting, fixed-income trading | Earnings were $3.04 billion, or $8.62 per share, for the three months ended June 30, compared with $1.22 billion, or $3.08 per share, a year earlier, the bank said.Related stories. | Goldman Sachs' profit more than doubled in the second quarter, bolstered by debt underwriting and fixed-income trading, but results slipped from a bumper first quarter when the Wall Street giant reported its highest earnings since 2021. The resilience of the U.S. economy has given corporate executives the confidence to... | null | null | 2024-07-15 18:02 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/inflation-hurt-poorer-states-more-than-rich-ones-post-pandemic-12769705.html | Inflation hurt poorer states more than rich ones post pandemic | India's inflation hurt poorer states more.Related stories. | India’s poorer states have borne the brunt of inflation more than richer ones post pandemic, according to aMoneycontrolanalysis. At 5.9 percent, average inflation in the five poorest states in the country—Bihar, Uttar Pradesh, Assam, Madhya Pradesh and Jharkhand— between January 2022 and June 2024 was higher than... | null | null | 2024-07-15 17:44 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/apple-is-top-pick-at-morgan-stanley-as-ai-seen-driving-iphone-ipad-upgrades-12769657.html | Apple is top pick at Morgan Stanley as AI seen driving iPhone, iPad upgrades | The highest price target for Apple shares comes from Loop Capital, which on Monday raised the stock to buy from hold and boosted its objective to $300 from $170.Related stories. | Apple Inc. was named a top pick at Morgan Stanley, with the broker seeing the launch of the tech giant’s artificial intelligence platform triggering a record rush among users to upgrade their smartphones, tablets and computers.Analyst Erik Woodring boosted his price target on the tech giant’s shares to $273, the th... | null | null | 2024-07-15 16:58 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/lupin-divests-womens-health-specialty-business-in-us-to-evofem-for-84-million-12769646.html | Lupin divests women’s health specialty business in US to Evofem for $84 million | Lupin’s US commercial women’s health specialty business is primarily focused on commercializing SOLOSEC (secnidazole) 2g oral granules, which is an FDA-approved single-dose antimicrobial agent that provides a complete course of therapy for the treatment of bacterial vaginosis (BV) and trichomoniasis, two common sex... | Lupin Limitedon July 15 announced the divestment of its US commercial women’s health specialty business to Evofem Biosciences, a biopharmaceutical company based in the United States, which focuses exclusively on women’s health, the former said in an exchange filing. Under the deal, Lupin can get a potential total c... | null | null | 2024-07-15 16:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indias-merchandise-trade-deficit-narrows-to-20-98-billion-in-june-12769279.html | India's merchandise trade deficit narrows to $20.98 billion in June | The commerce ministry revealed India's trade deficit figure for June on July 15.Related stories. | India's merchandise trade deficit narrowed to $20.98 billion in June as against $23.78 billion a month back, thanks to a larger fall in imports, the Commerce Ministry said on July 15. While exports fell 7.7 percent from May to $35.20 billion in June, imports declined at a faster clip of 9.25 percent to $56.18 billion.... | null | null | 2024-07-15 16:49 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/as-iconic-cities-tackle-overtourism-with-travel-restrictions-it-is-time-for-india-to-step-up-12769461.html | As iconic cities tackle overtourism with travel restrictions, it is time for India to step up | Vijay Vilas Palace of Mandvi, Gujarat. (Photo: Gujarat Tourism).Related stories. | In Barcelona, local residents have been protesting against overtourism by spraying tourists with water. Similar protests have been staged in other parts of Spain, such as Malaga and the Canary Islands. Protests have sprung up in Sicily, Italy; Santorini, Greece; Dubrovnik, Croatia; and Bali, Indonesia. The authorities ... | null | null | 2024-07-15 16:14 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/hdfc-amcs-q1-net-profit-jumps-26-to-rs-604-crore-stock-up-1-5-12769540.html | HDFC AMC’s Q1 net profit jumps 26% to Rs 604 crore, stock up 1.5% | The shares of the company rose almost 2 percent following the announcement of earnings, before paring some gains. The stock was trading at Rs 4,230.45, higher by 1.48 percent.. | HDFC Asset Management Company Limited on July 15 reported a 26.4 percent jump in net profit at Rs 603.76 crore against Rs 477.41 crore in the same period of last year, the company said in an exchange filing. In the quarter ended March 31,HDFC AMChad reported a net profit of Rs 540.84 crore, according to the filing. The... | null | null | 2024-07-15 15:00 |
moneycontrol.com | https://www.moneycontrol.com/news/business/zomato-hikes-platform-fee-in-select-cities-12769520.html | Zomato hikes platform fee in select cities | Zomato hikes platform fee in select cities. | Food-delivery firm Zomato has hiked the platform fee to Rs 6 from Rs 5 per order in Delhi, Mumbai and Bengaluru. Its rival Swiggy, which had also increased the platform fee in select cities on Sunday, reverted to charging Rs 5 per order on Monday in Delhi, Mumbai and Bengaluru, as shown on its app. When contacted to as... | null | null | 2024-07-15 14:38 |
moneycontrol.com | https://www.moneycontrol.com/news/business/earnings/bank-of-maharashtras-q1-net-profit-jumps-47-to-rs-rs-1293-5-cr-stock-up-6-12769456.html | Bank of Maharashtra's Q1 net profit jumps 47% to Rs Rs 1,293.5 cr; stock up 6% | The bank's asset quality showed slight improvement, with gross non-performing assets (NPA) at 1.85 percent, down from 1.88 percent quarter-on-quarter (QoQ).. | Bank of Maharashtra on July 15 reported a significant increase in its Q1 net profit, which rose by 46.6 percent to Rs 1,293.5 crore, compared to Rs 882 crore in the same period last year, the lender said in an exchange filing. The bank's net interest income (NII) also saw a robust growth of 20 percent, reaching Rs 2,79... | null | null | 2024-07-15 13:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/alembic-pharmaceuticals-gets-tentative-nod-from-usfda-for-generic-selexipag-injection-12769451.html | Alembic Pharmaceuticals gets tentative nod from USFDA for generic Selexipag injection | Alembic Pharmaceuticals gets tentative nod from USFDA for generic Selexipag injection.Related stories. | Alembic Pharmaceuticals Ltd on Monday said it has received tentative approval from the US health regulator for its generic version of Selexipag injection used in the treatment of pulmonary arterial hypertension. The approval by the US Food & Drug Administration (USFDA) is for the abbreviated new drug application (ANDA)... | null | null | 2024-07-15 13:52 |
moneycontrol.com | https://www.moneycontrol.com/news/business/airbus-expects-china-india-to-drive-jet-sales-in-next-decades-12769382.html | Airbus expects China, India to drive jet sales in next decades | Airbus expects China, India to drive jet sales in next decades. | Airbus SE predicted China and India will be key growth drivers for the aviation industry in the next two decades as the planemaker expects the global commercial fleet will double in the period. The company anticipates the world will have 48,230 aircraft in 2043, compared with 24,240 planes at the start of this year, ac... | null | null | 2024-07-15 12:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/nazara-tech-delta-corp-shares-rise-as-sc-likely-to-hear-online-gaming-firms-gst-challenge-next-week-12769192.html | Nazara Tech, Delta Corp shares rise as SC likely to hear online gaming firms' GST challenge next week | Mumbai-based Nazara Tech’s shares jumped 1.27 percent to Rs 918.1 at 11:48 am on NSE, while Delta Corp’s stock surged 2.85 percent to Rs 144.16..Related stories. | Nazara TechnologiesandDelta Corpshares gained in the morning trade on July 15 after Chief Justice of India DY Chandrachud said the Supreme Court will next week hear pleas filed by gaming firms against demand notices to pay 28 percent goods and services Tax (GST) on full face value of bets, CNBC-TV18 reported. The case ... | null | null | 2024-07-15 12:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/budget-2024-to-backstop-an-already-compelling-story-says-radhika-rao-of-dbs-12768936.html | Budget 2024 to backstop an already compelling story, says Radhika Rao of DBS | Union Budget 2024.Related stories. | By Radhika Rao, Executive Director and Senior Economist, DBS Bank As we approach the final budget for FY25, three developments are shaping market expectations. Firstly, the government has accumulated a significant revenue buffer, bolstered by robust direct and indirect tax collections. Additionally, a record-high surpl... | null | null | 2024-07-15 11:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/tcs-chief-cautious-of-economic-slowdown-but-remains-confident-of-future-growth-12769036.html | TCS chief cautious of economic slowdown, but remains confident of future growth | K Krithivasan, CEO and MD, TCS.Related stories. | Tata Consultancy Services Ltd (TCS) stays cautious about the possibilty of an economic slowdown, with chief executive K Krithivasan stating that the worst may not be over yet, though he sounded confident of growth as the company sits on a strong order book of $42.7 billion and aims to outperform its last year's perf... | null | null | 2024-07-15 10:00 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/sbi-raises-lending-rates-by-5-10-bps-across-most-tenures-12769029.html | SBI raises lending rates by 5-10 bps across most tenures | SBI has raised Marginal Cost of Lending Rates. | State Bank of India (SBI) has raised its benchmark marginal cost of lending rate (MCLR) by by 5-10 basis points with effect from Monday, 15 July 2024. With the increase in the MCLR, the interest rates on loans are also likely to rise by a similar measure, and EMIs rise on linked loans. India's largest bank SBI has hik... | null | null | 2024-07-15 09:53 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/morning-scan-all-the-big-stories-to-get-you-started-for-the-day-747-12769011.html | Morning Scan: All the big stories to get you started for the day | A roundup of top newspaper stories to keep you informed and ahead of the curve..Related stories. | #1. India dedicated funds see record inflows of $1.25 billion in July second week Funds dedicated to India witnessed record inflows in the past few weeks, the Hindu Businessline reported. Last week saw inflows of $1.25 billion, with most of the money coming into exchange traded funds at $848 million, data from EPFR and... | null | null | 2024-07-15 08:07 |
moneycontrol.com | https://www.moneycontrol.com/news/business/adani-plans-to-build-port-in-vietnam-to-tap-trade-opportunities-12768966.html | Adani plans to build port in Vietnam to tap trade opportunities | Adani plans to build port in Vietnam to tap trade opportunities.Related stories. | Billionaire Gautam Adani plans to build a port in Vietnam as the Indian conglomerate seeks to develop infrastructure overseas to tap opportunities from increasing trade. Adani Ports and Special Economic Zone Ltd. has secured an “in-principle approval from the Vietnamese government” for a greenfield development in D... | null | null | 2024-07-15 06:35 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indias-net-direct-tax-collection-jumps-over-19-till-july-11-12768312.html | India’s net direct tax collection jumps over 19% till July 11 | Common examples of direct taxes are income tax, property tax, corporate tax.Related stories. | India's net direct tax collections grew 19.54 percent to Rs 5.74 lakh crore till July 11 in the current financial year as compared to Rs 4.80 lakh crore in FY24 in the corresponding period, income tax department said. TheCentral Board of Direct Taxes(CBDT) said net direct tax collection of Rs 5.74 lakh crore (as of Jul... | null | null | 2024-07-13 10:28 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/high-inflation-better-industrial-growth-will-aid-rbi-in-holding-rates-higher-for-longer-say-economists-12768075.html | High inflation, better industrial growth will aid RBI in holding rates higher for longer, say economists | Grounds for higher for longer.Related stories. | A higher inflation print, coupled with higher industrial production, will provide support to the Reserve Bank of India to keep rates higher for longer, economists said on July 12. “The RBI will be in no hurry to ease monetary policy given the headroom from robust growth in the backdrop of near term inflation risks,â€... | null | null | 2024-07-12 20:27 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indias-retail-inflation-rises-to-4-month-high-of-5-08-in-june-12767629.html | India’s retail inflation rises to 4-month high of 5.08% in June | Food inflation stays high.Related stories. | India’sretail inflationrose to four-month high of 5.08 percent in June compared with 4.75 percent in the previous month as food inflation galloped to 9.4 percent given the impact of heatwave on vegetables. Inflation had dipped to a 12-month low of 4.75 percent in the previous month, despite food inflation hovering ar... | null | null | 2024-07-12 19:07 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/cyril-amarchands-shishir-vayttaden-to-join-khaitan-co-along-with-2-other-partners-12768021.html | Cyril Amarchand's Shishir Vayttaden to join Khaitan & Co along with 2 other partners | Shishir Vayttaden.Related stories. | Leading law firm Khaitan & Co has roped in Shishir Vayttaden and two other partners - K Aishwarya and Aditi Singhvi - from rival Cyril Amarchand Mangaldas, according to an official announcement. They will join the Corporate and M&A practice at Khaitan & Co. Vayttaden specialises in public and private M&A and in private... | null | null | 2024-07-12 18:37 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/may-iip-factory-output-growth-12767904.html | Index of industrial output surprises with a rise of 5.9% in May, shows data | industrial production steady.Related stories. | The industrial output growth surprised in May rising to a seven month high of 5.9 percent from 5 percent in the previous month, as manufacturing and electricity production soared, according to the official data released on July 12. A CNBC-TV18 poll had pencilled in an IIP growth of 4.6 percent, lower than what was rep... | null | null | 2024-07-12 18:30 |
moneycontrol.com | https://www.moneycontrol.com/news/opinion/the-us-federal-reserve-should-cut-rates-now-sadly-it-wont-12767770.html | The US Federal Reserve should cut rates now. Sadly, it won’t | Related stories. | Thursday’s wildly encouraging consumer price index report shows that the Federal Reserve should be cutting policy rates at its meeting later this month. Unfortunately, they’ll probably keep us waiting until September. On the inflation front, just about everything seems to be going right. CPIÂfell 0.1 percent in Ju... | null | null | 2024-07-12 15:09 |
moneycontrol.com | https://www.moneycontrol.com/news/business/tata-power-invests-over-rs-4200-crore-in-network-expansion-upgrade-in-odisha-12767732.html | Tata Power invests over Rs 4,200 crore in network expansion, upgrade in Odisha | Tata Power invests over Rs 4,200 crore in network expansion, upgrade in Odisha. | Tata Power-led power distribution companies (Discoms) have invested Rs 4,245 crore in infrastructure expansion and network upgrade in Odisha over the past 3-4 years, the company said on Friday. The company operates four Discoms in joint ventures with the government of Odisha - TP Central Odisha Distribution (TPCODL), T... | null | null | 2024-07-12 14:31 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indias-top-vegetables-could-spoil-its-disinflation-party-12767143.html | IndiaŌĆÖs ŌĆśTOPŌĆÖ vegetables could spoil its disinflation party | India's statistics ministry will release CPI inflation figure for June on July 12..Related stories. | IndiaŌĆÖs consumer price index (CPI) inflation for June, though mostly expected to hold steady or even ease versus the month before, may see a spike in vegetable prices that can curtail the disinflation journey. This especially given the recent increase in the prices of key ŌĆśTOPŌĆÖ vegetables comprising tomato, onion... | null | null | 2024-07-12 13:46 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/indian-banks-eye-record-infra-bond-issue-for-second-straight-fiscal-year-12767687.html | Indian banks eye record infra bond issue for second straight fiscal year | Indian banks eye record infra bond issue for second straight fiscal year.Related stories. | Indian banks are set to raise around 400 billion rupees ($4.79 billion) through infrastructure bonds in July and August, potentially setting a record for the second consecutive year, according to five merchant bankers on Friday. If successful, funds raised via these bonds in the first five months of the current fiscal ... | null | null | 2024-07-12 13:43 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/octogenarians-to-outnumber-babies-by-2063-shows-un-population-estimate-12767613.html | Octogenarians to outnumber babies by 2063, shows UN population estimate | More older people than young by end of century.Related stories. | India, the┬Ā home to one of the youngest populations in the world, will have more people aged over 80 than babies between 0┬Āto 4 years by 2063. The 80-plus┬Āpopulation is set to grow nearly three-fold faster than that of babies by 2100, according to estimates released by the UN. The dependency ratio, which is the┬Ānum... | null | null | 2024-07-12 13:12 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/online-betting-should-be-included-as-scheduled-offences-under-pmla-report-12767519.html | Online betting should be included as scheduled offences under PMLA: Report | The report suggests MEITy should create nodal authority to register online real money games..Related stories. | Online betting and gambling activities should be included as scheduled offences under thePrevention of Money Laundering Act(PMLA), 2002, to strengthen India's anti-money laundering framework, an institution under the Ministry of Home Affairs said in its report titled ŌĆśCurbing betting and gambling in IndiaŌĆöA nationa... | null | null | 2024-07-12 13:00 |
moneycontrol.com | https://www.moneycontrol.com/news/business/domestic-pv-wholesales-up-3-at-337757-units-in-june-siam-12767562.html | Domestic PV wholesales up 3% at 3,37,757 units in June: SIAM | Domestic PV wholesales up 3% at 3,37,757 units in June: SIAM. | Passenger vehicle wholesales in India rose 3 per cent year-on-year to 3,37,757 units in June, automobile industry body SIAM said on Friday. The overall passenger vehicle (PV) dispatches from companies to dealers stood at 3,27,788 units in June 2023. As per the data issued by Society of Indian Automobile Manufacturers (... | null | null | 2024-07-12 11:57 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/india-to-clock-gdp-growth-of-7-in-fy25-niti-aayog-member-arvind-virmani-12767473.html | India to clock GDP growth of 7% in FY25: NITI Aayog member Arvind Virmani | Related stories. | The Indian economy will grow around 7 per cent in the current fiscal year and is on track to maintain a similar growth rate for several years, NITI Aayog member Arvind Virmani said on Friday. Virmani said there are new challenges facing the country and they will have to be dealt with. "Indian economy will grow at 7 per... | null | null | 2024-07-12 10:45 |
moneycontrol.com | https://www.moneycontrol.com/news/business/economy/mca-panel-suggests-raising-to-rs-75-crore-the-threshold-for-businesses-to-maintain-audit-cost-accounts-12767431.html | MCA panel suggests raising to Rs 75 crore the threshold for businesses to maintain, audit cost accounts | This recommendation is part of the government's broader strategy to support SMEs..Related stories. | To ease the compliance burden ofsmall and medium enterprises (SMEs), a government panel has suggested significantly raising the turnover threshold for companies to maintain and audit cost accounts. The panel has recommended increasing the limit to Rs 75 crore in any of the past three years, the Economic Times has repo... | null | null | 2024-07-12 10:13 |
moneycontrol.com | https://www.moneycontrol.com/news/business/boeing-warns-customers-of-further-delays-on-737-max-12767365.html | Boeing warns customers of further delays on 737 Max | Boeing warns customers of further delays on 737 Max. | Boeing has notified some737 Maxcustomers in recent weeks that aircraft due for delivery in 2025 and 2026 might face additional delays of three to six months, Bloomberg News reported on Thursday, citing people familiar with the matter. Boeing did not immediately respond to a Reuters request for comment. Reuters report... | null | null | 2024-07-12 08:45 |
moneycontrol.com | https://www.moneycontrol.com/news/business/markets/oil-rises-on-cooling-us-inflation-strong-summer-demand-12767303.html | Oil rises on cooling US inflation, strong summer demand | Oil rises on cooling US inflation, strong summer demand.Related stories. | Oil prices rose in early Asian trading hours on Friday as signs of strong summer demand and easing inflationary pressures in the world's biggest oil market, the United States, bolstered investor confidence. Brent crude futures rose 37 cents, or 0.4%, to $85.77 a barrel by 0031 GMT. U.S. West Texas Intermediate crude fu... | null | null | 2024-07-12 06:42 |
moneycontrol.com | https://www.moneycontrol.com/news/business/adani-ports-to-invest-1-2-billion-in-transshipment-terminal-12767301.html | Adani Ports to invest $1.2 billion in transshipment terminal | Adani Ports to invest $1.2 billion in transshipment terminal. | Adani Ports and Special Economic Zone plans to ramp up its investment to 100 billion rupees ($1.20 billion) to boost its southern India transshipment container port, Bloomberg News reported on Thursday. The investment in Vizhinjam port in the state of Kerala is part of the second phase of the project that is expected t... | null | null | 2024-07-12 06:30 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/tesla-delays-robotaxi-rollout-in-blow-to-elon-musks-autonomy-drive-12767258.html | Tesla delays Robotaxi rollout in blow to Elon Musk’s autonomy drive | A Tesla logo is seen at a groundbreaking ceremony of Tesla Shanghai Gigafactory in Shanghai.Related stories. | Tesla Inc. is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision. The roughly two-month delay has been communicated internally, said the people, who asked not to be identified because the inf... | null | null | 2024-07-11 22:55 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/bain-capital-to-buy-financial-software-vendor-envestnet-in-4-5-billion-deal-12767231.html | Bain Capital to buy financial software vendor Envestnet in $4.5 billion deal | Berwyn, Pennsylvania-based Envestnet offers software for wealth managers and data for financial institutions and investment research firms..Related stories. | Private equity firm Bain Capital will buy Envestnet in a $4.5 billion deal, with backing from a cohort of investors, including BlackRock and Fidelity Investments, the financial software vendor said on Thursday. Berwyn, Pennsylvania-based Envestnet offers software for wealth managers and data for financial institutions ... | null | null | 2024-07-11 21:59 |
moneycontrol.com | https://www.moneycontrol.com/news/business/companies/govt-appoints-sandeep-kumar-as-director-finance-at-pfc-12767205.html | Govt appoints Sandeep Kumar as Director (Finance) at PFC | "The Government of India appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), effective 11 July 2024," it said.. | The government has appointed Sandeep Kumar as Director (Finance) at Power Finance Corporation Limited (PFC), with effect from July 11, 2024. Before this appointment, he was the Executive Director (Finance) at PFC since January 1, 2020 and held the position of Chief Financial Officer (CFO), PFC said in a statement. ”T... | null | null | 2024-07-11 20:35 |
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