Business Blogs News - Page 29

India's economic growth 'much weaker' than expected due to corporate, environmental regulatory uncertainty, says IMF

The IMF cut its projection for India's economic growth by 0.3 percentage points to 7 percent for the fiscal year 2019-20 owing to the "weaker-than-expected outlook

Rupee rises 26 paise to one-month high of 70.88 against dollar in early trade; easing crude prices support domestic currency

Forex traders said a fall in global crude oil prices and fresh foreign fund inflows enthused investors and the rupee

Sensex, Nifty open on positive note but pare early gains; Yes Bank cracks 4%, auto stocks lead gains

After touching a high of 37,244.34, the Sensex pared most gains to trade 9.23 points, or 0.02 percent, higher at 37,113.51 at 0950 hours

Automobile sector slowdown: M&M offers its personal cars on monthly subscription to boost plummeting demand

Mahindra's subscription-based service has initially been launched for its customers in Delhi (NCR), Mumbai, Pune, Bengaluru, Hyderabad, Kolkata, Chandigarh and Ahmedabad

Citing 'millenial mindset', or Ola, Uber for car sector woes is self-defeating; purchasing power, consumer confidence are ebbing

That the millennial preference to hail Uber and Ola rather than commit to buying an automobile is one of the causes for the auto sector crisis is a theory floated by Finance Minister Nirmala Sitharaman

Rupee rises 36 paise to 71.30 against dollar in early trade amid gains in equity market, fresh FII inflows

At the interbank foreign exchange the rupee opened at 71.46, then gained further ground and touched a high of 71.30, registering a rise of 36 paise over its previous close

Decision on GST rate deduction for automobiles for FinMin, state government to decide: Nitin Gadkari

Last week at the SIAM annual convention, Gadkari assured the auto industry that he would take up the issue of GST rate reduction for automobiles to 18% from 28%

Fuel prices up marginally: Petrol, diesel rates rise across four metros after plunge in US crude production

The change in the price of crude oil in the international market directly influences the price of crude oil in the domestic market and is one of the most important factors responsible for an increase in petrol prices in Indian domestic market.

Auto sector slowdown: Ola, Uber may not be that strong a factor for decline in car sales, says Maruti Suzuki

India’s monthly passenger vehicle and car sales recorded their steepest fall ever in August, according to the Society of Indian Automobile Manufacturers,

Airfares expected to rise 7-9% this fiscal, highest since 2013; limited capacity additions since Jet Airways was grounded: Crisil

Domestic passengers traffic is expected to grow 6-8% in FY20, as against a healthy 19% growth registered in the year ended March 2019 on account of non-revival of Jet Airways

Nirmala Sitharaman partially right on Ola-Uber pushing auto slump, but we need NITI Aayog to tell us how much and why

The reason why Nirmala Sitharaman is the butt of jokes is that Uber and Ola may not be significant enough in terms of current data

Sensex jumps over 150 points, Nifty up in early trade on positive global cues; infra, bank, auto stocks rally

Market sentiment has improved due to positive global cues and hopes of further measures by the government to boost economy.

Clean energy producers can move NCLT against discoms over dues: Power Minister cautions 7 states

The power and new and renewable energy minister pointed out the power producers are likely to default on their payment obligations due to non-clearance of dues by the discoms

Delhi-NCR ahead of Bengaluru, Mumbai with over 7,000 start-ups, 10 unicorns, new biz valuation of around $50 bn: Report

Within Delhi-NCR, Delhi accounted for 4,491 start-ups, Gurugram 1,544 and Noida 1,004 new businesses.

Jet Airways stake sale: Will grounded airline be left with just one bidder? Russian fund Treasury RA Creator may be disqualified, says report

Russian fund Treasury RA Creator did not provide enough information about itself to Jet Airways’ insolvency resolution professional

What’s cooking in Indiabulls Group? Recurring allegations on quid-pro-quo between lenders, corporates expose loopholes in regulation

A PIL has been filed in the Delhi High Court that alleges that Indiabulls promoters have been roundtripping funds lent to various companies back to their pockets violating rules

BSE, NSE, forex, derivative markets closed for Muharram; Asian stocks mostly weak on steep Chinese factory price declines

China’s producer price index fell 0.8 percent in August year-on-year, official data showed on Tuesday, its sharpest decline since August 2016

HCL Tech to acquire Sankalp Semiconductor in Rs 180 cr all-cash deal; acquisition to help IT firm expand to newer markets

This strategic acquisition would enable HCL to further expand into newer market-domains, especially in analog and mixed-signal design, the IT firm said

British Airways strike to impact students the most, says travel industry; almost all flights cancelled on first day of 2-day stir

British Airways currently operates 49 weekly flights from five cities in the country

Agri exports dip 14.39% in April-July this fiscal; slew of products from rice, dairy to floriculture show negative growth: APEDA

The Agricultural and Processed Food Products Export Development Authority (APEDA) was established by the government

DSP Mutual Fund recovers entire dues of Rs 150 cr from DHFL; leads to 'positive' impact on 7 of its funds

DHFL owes around Rs 1 lakh crore to the system, including over Rs 50,000 crore to banks, while the rest are from entities like mutual funds.

FDI up 28% to $16.33 bn in April-June 2019 quarter; Singapore emerges largest source of foreign investment

Foreign direct investment into India grew by 28 percent to $16.33 billion during the first quarter of the current fiscal, according to government data

Ride-sharing e-bikes, cycles startup Yulu expands to Delhi; to be available in all stations in NCR by 2020

Yulu was launched in Bengaluru and is now available in Mumbai, Pune, Bhubaneswar besides Delhi

Economic growth since demonetisation, Maruti Suzuki's downbeat sales; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

Rupee tumbles 67 paise against dollar in early trade; currency under pressure after tit-for-tat US-China tariff attacks

The rupee had appreciated by 38 paise to close at a two-week high of 71.42 against the US dollar on Friday

Sensex plunges over 400 points, Nifty below 11,000-mark in early trade; financial, auto stocks sink

Market sentiment took a hit on account of weak macroeconomic data releases and double-digit decline in auto sales in August

Jet Airways fails to attract new bidders during extended deadline period; may go ahead with 3 entities who submitted EOIs: Report

With no new bidders emerging during this period, there are only three entities that had put in their initial bids earlier

Binny Bansal sells Flipkart shares worth over $14 million to Tiger Global; Tiger Fund increases stake in e-tailer