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Business News and Finance News Headlines on Economy, Industry

No end to Jet's woes; stocks tumble nearly 12%

rediff Business - Fri, 06/14/2019 - 20:44
In terms of traded volume, 19.47 lakh shares were traded on the BSE, while over 1 crore shares were traded on the NSE.

India likely to be among top 20 global FDI sources: UN

rediff Business - Fri, 06/14/2019 - 20:44
While the UN report said that FDI inflows rose 6 per cent in 2018 to $ 42 billion, the government's own data for the entire FY19 period has shown that inbound equity investments declined for the first time in six years in FY19.

India Inc revenue growth hits six-quarter low in Q4

rediff Business - Fri, 06/14/2019 - 20:44
According to the Icra report, earnings before interest, tax, depreciation and amortisation margin of its sample declined by 44 basis points on a YoY basis and 23 basis points on a quarter-on-quarter basis to 16.6 per cent.

ITC chief Sanjiv Puri's remuneration up by over 51%

rediff Business - Fri, 06/14/2019 - 20:44
As per ITC's 'Report and Accounts 2019' filed at bourses, Puri's remuneration includes a basic salary of Rs 1.44 crore along with perks of Rs 40 lakh and performance bonus of Rs 4.32 crore.

Facebook makes 1st start-up investment in India

rediff Business - Fri, 06/14/2019 - 20:44
Founded in 2015, Meesho is one of the country's fastest growing social commerce platforms, and provides small and independent entrepreneurs with products and tools to start, maintain, and grow their businesses.

Can Modi 2.0 improve the economy?

rediff Business - Fri, 06/14/2019 - 20:44
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.

Amazon says working with government to unblock export policy issues

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 20:41
Amazon says association with the Indian government over the past years has boosted global selling programme and more sellers are now enthusiastic to join initiative.

Employees see gain if 4 state-owned insurance companies are merged

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 20:03
Market share of public sector general insurance companies falls below private peers

Piaggio to launch electric three-wheeler for India in December quarter

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 17:49
Italian company to invest at least Rs 200 crore over the next three years

Tata Power's arm CGPL raises Rs 1,110 cr via NCDs for refinancing debt

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 17:15
The NCDs will carry a coupon rate of 9.15 per cent, payable annually. The debt obligations of CGPL under the NCDs are guaranteed by the company, Tata Power said in a BSE filing

ThyssenKrupp appoints Premal Desai as CEO to oversee its biz restructuring

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 17:10
Thyssenkrupp Steel Europe and Tata Steel Europe had signed agreements on June 30, 2018, to create a 50:50 joint venture

Mahindra picks up 11.25% stake in Swiss agriculture technology firm Gamaya

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 16:56
Gamaya, which works in Brazil India, Ukraine and other countries, uses imagery to give farmers information about the state of their fields and crops

Aurobindo Pharma confident of growth despite regulatory action, drug recall

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 16:50
The company said it was confident that the contamination in valsartan will not spread to other products

Huawei delays launch of folding smartphone

BBC News - Business - Fri, 06/14/2019 - 16:02
The Chinese tech giant says it's being "cautious" about the device, which was supposed to launch this summer.

Metal traders banned from workday boozing

BBC News - Business - Fri, 06/14/2019 - 14:23
The London Metal Exchange's ban affects about 120 personnel of the nine different firms who work there.

Flipkart and GOQii settle dispute over discounting, strike friendly note

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 14:14
GOQii, a seller of smartwatch-type health devices, sued Flipkart last month in a Mumbai court.

Boost to Biocon's biosimilar business as Bengaluru units get European nod

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 12:30
Facilities were inspected by the European Medicines Agency in March; Analysts foresee firm posting double-digit growth in revenue and profits despite rising competition

Jio GigaFiber's refundable deposit amount reduced to Rs 2,500: Details here

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 12:24
Though the new Jio GigaFiber preview offer is available with a reduced refundable deposit, there are a few things that has changed too. Take a look

HDFC says it has sold 4.22% stake in Gruh finance for Rs 899 crore

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 12:10
Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company

Confident of solving Jet crisis: Aviation minister Hardeep Singh Puri

Admiral Quixote's Roundtable - Fri, 06/14/2019 - 11:52
We have made mistakes in civil aviation in the past which we need to correct, Puri said

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