- Financial Express•24 minutes ago
Spicejet likely to add 20 aircraft to its fleet this year; majority Boeing 737 Max
In the third quarter of FY19, the low-cost airline added 12 new planes — nine Boeing 737 Max aircraft and three Q400s — taking the fleet size to 74 aircraft.
- Financial Express•30 minutes ago
MRF workers on strike in Chennai over delay in wage revision, CCTV installation
A large number of workforce of leading tyre major MRF’s Tiruvottiyur plant in Chennai resorted to strike, protesting against the delay in wage revision agreement, which is pending for years, as well over the installation of CCTV cameras across the plant.
- Financial Express•35 minutes ago
Daimler India reaches break-even, gears up to launch BS VI vehicles
Daimler India Commercial Vehicles (DICV), the wholly-owned arm of global CV major Daimler, said that it has achieved the break-even in its truck business in six years after the launch of BharatBenz.
- Financial Express•40 minutes ago
Ashok Leyland lines up Rs 1,000 crore to boost portfolio in LCV segment
In the current fiscal, the company has spent Rs 600 crore towards capex by end of December and a further `200-300 crore is earmarked for the ongoing January-March quarter.
- Financial Express•48 minutes ago
Harita Seating Systems of TVS Group to merge with Minda Industries
TVS group company and largest auto seating systems manufacturer Harita Seating Systems (HSSL) has decided to merge with leading auto components maker Minda Industries, part of the Uno Minda group, through a composite scheme of arrangement. The board of directors of both the companies have approved the
- Financial Express•59 minutes ago
RBI rate cut: Analysing the impact of lowering of the repo rate
Lower rates do not lead to higher investment. This is dependent on the state of the banking system and opportunities for growth.
- Financial Express•1 hour ago
GST math conundrum: Budgeted growth target of 20% ambitious
Even if there is no further rate rationalisation or relaxation in compliance requirements during FY20, the budgeted growth target of almost 20% for GST collections can be described as ambitious.
- Financial Express•1 hour ago
Weak demand, keen competition hit earnings in Q3
IT firms are a saving grace, else, the December 2018 quarter would have been a washout for India Inc
- Financial Express•1 hour ago
Campaign to hoist BJP flags on house of govt scheme beneficiaries unethical
Government funds belong to the people, and government programmes are mere channels through which these funds are deployed for the people’s benefit.
- Financial Express•1 hour ago
Where are the education reforms? Many hyped announcements, no real action
From the Central Advisory Board of Education (in 2005) to industry (the 2003 Ambani-Birla report on education) and the NITI Aayog (in 2017), many have argued for granting greater autonomy to higher education institutes and universities, especially the top-rung ones.
- Financial Express•1 hour ago
Reservation in India: High limit of EWS quota will bring entire general category under ambit
The setting up of income-earning criteria of `8 lakh per year as the eligibility for the proposed reservation is a serious issue. This high limit will bring almost the entire general category households under the reservation ambit and would also cost more to the system and households for generating/getting
- Financial Express•2 hours ago
Declining household savings after demonetisation, GST hit investment
Net financial savings of households have come down from 7.4% of GDP in FY12 to 6.6% in FY18 because of a rise in households' financial liabilities.
- Financial Express•2 hours ago
Not out of the woods! 13 private lenders report rise in gross NPAs in Q3
Provisions & contingencies increased at 11 of the 18 lenders, partly due to the slippage of the IL&FS account.
- Financial Express•2 hours ago
Insolvency process: IBC to have provisions dealing with individual insolvency, says IBBI chairman
The Insolvency and Bankruptcy Code (IBC), 2016, will soon have provisions dealing with individual insolvency and bankruptcy, said MS Sahoo, chairman of Insolvency and Bankruptcy Board of India (IBBI). Sahoo on Friday said the first priority would be the regulations specifically relating to guarantors
- Reuters•2 hours ago
Progress in U.S.-China trade talks sparks world stock rally
Progress in the U.S.-China trade talks helped send world stock markets broadly higher on Friday and pulled investors out of the safety of government bonds. The Dow Jones Industrial Average rose 443.86 points, or 1.74 percent, to 25,883.25, the S&P 500 gained 29.87 points, or 1.09 percent, to 2,775.6
- Financial Express•2 hours ago
Worrying sign for investors! 89% of equity schemes gave negative returns in last one year
Of a total 266 open-ended equity schemes, over 89% of the schemes have given negative returns in the last one year.
Reuters•2 hours agoWall Street rallies on trade optimism
Wall Street rallied on Friday, with the Dow and the Nasdaq posting their eighth consecutive weekly gains as investors grew hopeful that the United States and China would hammer out an agreement resolving their protracted trade war. All three major U.S. indexes ended the session higher, and for the fourth
- Financial Express•2 hours ago
Analyst corner: ‘Reduce’ NBCC with a target price of Rs 45 – Edelweiss
NBCC’s Q3FY19 revenue rose 29% y-o-y to Rs 15.8bn while Ebitda margin slid 160bps y-o-y to 2.9%.
- Financial Express•2 hours ago
Sun TV Network share: Maintain ‘buy’ with a target price of Rs 750 – Axis Capital
Sun TV’s thrust on content investment across languages – existing (led by Tamil, Telugu, Kannada) and new (Bangla, launched in Feb’19) is encouraging.
Reuters•2 hours agoOil rises over two percent to 2019 highs on tightening supplies
Oil prices rose more than 2 percent to their highest this year on Friday after an outage at Saudi Arabia's offshore oilfield boosted expectations for tightening supply, while progressing U.S.-Sino trade talks strengthened demand sentiment. The international Brent crude benchmark rose $1.68, or 2.6
- Financial Express•2 hours ago
PNB seeks to raise Rs 20 crore from 4% stake sale in Crif High Mark
The bank has appointed PNB Investment Services as the merchant banker for the sale. Alpha Micro Finance Consultants also intends to offload its 2% stake in the credit information firm .
- Reuters•3 hours ago
Big U.S. exchanges to sue SEC over 'overreaching' fee experiment
The three largest U.S. stock exchange operators said they will sue the Securities and Exchange Commission for overstepping its authority by ordering a pilot program to test banning lucrative payments exchanges make to brokers for resting stock orders. "We disagree with the government overreach,
- Reuters•3 hours ago
Citi U.S. economic index posts biggest weekly drop since 2011
Citi Research's gauge on U.S. economic data surprises fell 40.7 points this week for its biggest weekly decline since June 2011, as the latest data on retail sales and factory output fell far short of market expectations. The Citi barometer, which measures whether U.S. economic data come in weaker
- Financial Express•3 hours ago
Maharashtra tur procurement evokes poor response as prices firm up
Tur prices are likely to remain firm and go upwards in Maharashtra on the back of shortage of supply for the pulse due to drought in the state.
- The Indian Express•3 hours ago
Bharat Biotech to acquire Chiron Behring from GSK
Chiron Behring is a WHO (World Health Organisation) pre-qualified manufacturer of rabies vaccines, eligible for supplies to United Nations agencies and has product registrations in over 20 countries.
