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Saturday, November 30, 2019

India considers investing $1.39 trn in infrastructure to spur economy

Nirmala Sitharaman's comments, as cited in local newspapers, followed data released on Friday that showed India's economic growth slowed to 4.5 per cent in the July-September quarter

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India considers investing $1.39 trn in infrastructure to spur economy

Nirmala Sitharaman's comments, as cited in local newspapers, followed data released on Friday that showed India's economic growth slowed to 4.5 per cent in the July-September quarter

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Govt turned a blind eye to lag signs in IIP, core sector growth: Experts

The GDP figure is an outcome of several months of downbeat figures -- from weak consumer demand and private investment to shrinking factory output and an export slump

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New Sebi framework to strengthen issuances of depository receipts

Experts believe that issuing DRs has the added benefit of increasing the share's liquidity while boosting the company's prestige on its local market

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Eight of top-10 most valued firms add Rs 52,194-cr in m-cap; SBI, HDFC lead

The Sensex advanced 434.40 points or 1.07 per cent last week

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CG Hospitality joins IHCL to open Taj Jumeirah Lakes Towers in Dubai

As per the agreement, IHCL will manage and operate the property, CG Hospitality said

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CG Hospitality joins IHCL to open Taj Jumeirah Lakes Towers in Dubai

As per the agreement, IHCL will manage and operate the property, CG Hospitality said

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A new 'LA' registration tag will now be assigned to vehicles in Ladakh

Ladakh, is the second largest union territory. It consists of two districts of Kargil and Leh

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Maruti Suzuki India sales down 1.9% in November at 150,630 units

Domestic sales declined by 1.6 per cent at 143,686 units last month as against 1,46,018 units in November 2018

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MG Motor India sells 3239 Hector units in November, eyes expansion

MG Motor India currently has over 150 centres across India and aims to further strengthen its network count to 250 centres by March 2020

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Maruti Suzuki India sales down 1.9% in November at 150,630 units

Domestic sales declined by 1.6 per cent at 143,686 units last month as against 1,46,018 units in November 2018

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Islamic State group claims responsibility for London knife attack

The person who carried out the London attack... was a fighter from the Islamic State, and did so in response to calls to target citizens of coalition countries, IS said

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Cong's Nana Patole set to be Maharashtra Speaker as BJP nominee pulls out

The Congress on Saturday announced party MLA Patole as the candidate of the ruling Shiv Sena-Congress-NCP alliance for the election to state Assembly Speaker's post

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How India's millennial credit card boom is running into Ambani's ambitions

India's richest man, Mukesh Ambani, wants to connect 30 million small retailers with common inventory-management, billing and tax platforms as well as low-cost payment terminals

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India's deepening economic slowdown opens the door for more rate cuts

The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013

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India's deepening economic slowdown opens the door for more rate cuts

The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013

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Trent posts 33% revenue growth in Q2, outperforms peers in retail space

Valuation is at a sharp premium to its peers; top line growth is expected to be strong

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Property funds are in no hurry to invest in stressed realty projects

The reason: lack of clear legal rules and pricing issues

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Blackstone and Brookfield eye stake in Wadhwa's office portfolio in BKC

Wadhwa group, one of the largest owners of office property in the BKC area, plans to float a REIT after onboarding an investor

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Coal India urged to enhance allocation to Chhattisgarh industries

State demands higher share of fuel as it accounts for a major chunk of CIL's output, claims it is losing Rs 200 cr a year in revenue as some industries are importing coal

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New twist in Singur tale, panel to soon decide on arbitration in dispute

Between 2017 and March 2019, issues of maintainability of the arbitration clause and selection of nominees dominated the high court proceedings.

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Amazfit GTS smartwatch: Looks, substance fail to make up for software snags

Let not the picture above confuse you; this is not a new Apple Watch, not even an old one

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Uddhav Thackeray-led Shiv Sena-NCP-Congress govt wins floor test

Altogether 169 MLAs vote in favour of the motion of confidence, pro tem Speaker Dilip Walse Patil informed the House

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Phenomenal reform momentum in first six months of Modi 2.0 govt: PM

He highlighted that his government has cleared Industrial Relations code, slashed corporate tax rates to 22%; 15% for new domestic manufacturing companies

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Sep quarter growth was on the expected lines, Q3 to be worse: Chidambaram

India's economic growth slipped further to hit an over-six-year low of 4.5 per cent in the July-September quarter, according to official data released on Friday

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Friday, November 29, 2019

With growth this bad, India will need more than rate cuts to help economy

The five reductions Shaktikanta Das's overseen haven't given the economy back its groove.

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With growth this bad, RBI will need more than rate cuts to help economy

The five reductions Shaktikanta Das's overseen haven't given the economy back its groove.

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Facebook corrects user's post after Singapore invokes fake news law

The correction notice was embedded at the bottom of the original post without any alterations to the text, but it could not be seen by other users inside and outside the country

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Facebook corrects user's post after Singapore invokes fake news law

The correction notice was embedded at the bottom of the original post without any alterations to the text, but it could not be seen by other users inside and outside the country

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Uddhav Thackeray-led govt to face floor test in Maharashtra Assembly today

The trust vote will be taken up on day one, preceded by the introduction of the new ministers in the House

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Chanda Kochhar takes ICICI Bank to Bombay HC; hearing on December 2

With this, the stage is set for an intense legal battle between the bank and its former CEO

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Apple digging deep into map policies after calling Crimea part of Russia

Apple spokeswoman Trudy Muller told Reuters that Apple has not made any changes to its maps outside of Russia and made the change for Russian users because of a new law that went into effect in that c

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London knife attack suspect was former convict for terror offences

Police identified the man, who was shot dead by officers after the Friday attack, as 28-year-old Usman Khan, saying they were not actively seeking any other suspects in relation to the incident

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Chanda Kochhar takes ICICI Bank to Bombay HC; hearing on December 2

With this, the stage is set for an intense legal battle between the bank and its former CEO

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Chanda Kochhar takes ICICI Bank to Bombay HC; hearing on December 2

With this, the stage is set for an intense legal battle between the bank and its former CEO

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Apple digging deep into map policies after calling Crimea part of Russia

Apple spokeswoman Trudy Muller told Reuters that Apple has not made any changes to its maps outside of Russia and made the change for Russian users because of a new law that went into effect in that c

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Jharkhand Assembly elections: Polling for 13 seats in first phase underway

The voting commenced at 7 a.m. and will end at 3 p.m., Election Commission officials said

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Best of BS Opinion: Don't waste crisis, Hindutva rate of growth, and more

Here's a selection of opinion pieces from today's Business Standard

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Beyonce Wore This Mascara During Her Iconic Coachella Performance—and It’s on Sale for $8 Right Now

Thursday, November 28, 2019

As news goes from bad to worse, Modi govt scrambles to revive the economy

Finance Minister Nirmala Sitharaman said this week she's not closing the door on additional steps to support the economy.

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Amit Shah: The architect of India's rightward turn may succeed Modi one day

Shah will likely be the one to announce any more moves related to Hindu nationalism while Modi stays above the fray, focusing on economic reforms and acting as a statesman on the world stage

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Stocks to watch: NBFCs, Aurobindo Pharma, YES Bank, Ashoka Buildcon, Airtel

Here's a look at the top stocks that may remain in focus today.

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Commodity outlook by Tradebulls Securities: Buy natural gas, aluminium

Commodities Outlook & Stock recommendation by Bhavik Patel - Sr. Technical Analyst

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Derivatives strategy on IDFC First Bank by HDFC Securities

Derivative call by Nandish Shah, Technical Analyst, HDFC securities

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China fumes over US law backing Hong Kong, says retaliation inevitable

In signing the bills, Trump signaled to Xi that action wouldn't be imminent.

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It will need more than a rate cut to salvage India's sputtering economy

It wasn't too long ago that economic aspirations for India echoed China's. Now this young country of 1.4 billion people is looking more like Indonesia, Malaysia or the Philippines

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MARKET LIVE: SGX Nifty suggests a flat opening for benchmark indices

Catch all the live market updates here

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Best of BS Opinion: Rising fiscal fears, Maharashtra politics, and more

Here's a selection of opinion pieces from today's Business Standard

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Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

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Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

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SBI Caps to give report on four bidders for Anil Ambani's RCom to CoC

The report will be presented to the committee of creditors (CoC) on Friday to take a final call on the potential best offers

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NBCC's rise depends on project execution, analysts slash FY20 estimates

With redevelopment projects suffering, it is not surprising that the company's profitability is dented

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DLF's inventory sales key to gains, firm to breach FY20 sales guidance

Sales momentum should help the company double its quarterly cash flows from the residential business over the next two quarters, as compared to the run rate it was achieving in the past

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Facing realty: Slowdown in real estate sector hits Peninsula Land hard

It also has real estate funds with Brookfield of Canada, thus, becoming one of the first companies to start a trend of real estate company co-investing with a global fund manager

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When Pink Ball Test match cracked open a digital feast of humour for brands

"Today's consumer is evolving and we know that we must dwell on topics that matter to our audience," Meghna Apparao, chief marketing officer at GCPL said

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BPCL stake sale a test case for Modi govt's second shot at privatisation

Here are some of the issues on the table

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Essar Steel lenders may get more than Rs 42,000 cr from resolution process

Lenders and ArcelorMittal have mutually agreed to appoint Grant Thorton for an audit of Essar's Ebitda

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India's banks wrote off Rs 2 trillion worth of bad loans in 2018-19

Even as banks have written off more loans than before, recovery of bad loans has also improved substantially in the past couple of years

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Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%

Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago

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Credit card spend expected to grow to Rs 15 trillion by FY24: Report

Moreover, the number of credit cards outstanding is also projected to grow at fast pace of 23 per cent CAGR in the next five years

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Jaypee Infratech lenders ask NBCC, Suraksha Group to sweeten takeover bids

The Committee of Jaypee Creditors met NBBC and Suraksha representatives for several hours to discuss threadbare their takeover offers, before asking them to further revise the bids, say sources

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Sena has history of allying with Congress, ideological opposite parties

Sena chief Uddhav Thackeray took oath Thursday evening at the historic Shivaji Park supported by the Congress and the NCP

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Wednesday, November 27, 2019

Salcomp acquires Nokia supplier Lite-On Mobile's facility in Tamil Nadu

Salcomp will be occupying nearly 55 per cent of the 1 million sq ft SEZ area, which housed one of the world's largest mobile manufacturing units

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Parliament LIVE: Sadhvi Pragya to be removed from defence panel, says Nadda

The Lok Sabha will consider the Industrial Relations Code Bill, the Taxation Laws (Amendment), Bill 2019 for passing. Catch LIVE updates on Parliament Winter Session 2019

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RIL becomes first Indian firm to hit Rs 10 trn m-cap; stock hits new high

In the past seven trading days, RIL outperformed the market by gaining 8 per cent, after Reliance Jio, the telecom arm of the company, said it will also increase tariffs in next few weeks.

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Granules India hits fresh 52-wk high on reports of PE firms eyeing stake

The Blackstone Group, KKR & Co, Apax Partners, Advent International and Bain Capital are among the leading global PE companies in early-stage discussions to acquire Granules India, as per reports

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Uddhav set to take charge of Maharashtra with a deputy from NCP

With the swearing-in of 59-year-old Thackeray, the state will have a chief minister from the Sena after 20 years

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PE funds bet big on crisis-hit NBFCs even as other investors balk

The funds have invested about $2 billion this year in the country's non-bank financing sector, which is worth some $40 billion.

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All you need to know about inclusion/ exclusion of stocks in F&O segment

Exclusion of stocks from the derivative space doesn't speak good about the companies.

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Stocks to watch: ZEE Entertainment, SBI, Tata Motors, Parag Milk Foods, BSE

Here's a list of stocks that may remain in focus in today's session.

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Counting of votes underway for bypolls in West Bengal, Uttarakhand

Around 78 per cent of over 700,000 electorate had cast their votes in the by-polls to Kaliaganj, Karimpur and Kharagpur Sadar Assembly seats in West Bengal where 18 candidates were in the fray

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Rupee is the worst performer in emerging Asia as RBI tries to lift economy

The RBI bought has about $18 billion of foreign exchange since the end of September.

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Amazon, EBay accused of selling cosmetics with high mercury levels

An Amazon spokeswoman said the products are prohibited and 'are no longer available'

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Nifty outlook and top trading ideas by CapitalVia Global Research Limited

Traders should try to buy any dip at higher levels as Nifty has maximum put OI at 12,000 which will act as major support levels for the weekly expiry

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Two-player market buzz propels Airtel m-cap to record high of Rs 2.22 trn

The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago

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Fund-starved Maharashtra sugar industry pin hopes on new coalition govt

NCP commands considerable support among cane growers and sugar mills; 75% of the state's functional units owe allegiance to the party

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Gold prices soften as hopes of US-China trade deal boost equities, dollar

US President Donald Trump on Tuesday said Washington was in the "final throes" of a deal that would defuse the 16-month tariff dispute with Beijing.

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More than 227,000 Indians waiting for family-sponsored Green Card: Report

Majority of those in the family-sponsored Green Card waiting list are siblings of US citizens

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MARKET LIVE: F&O expiry, global cues top factors today; Zee Ent in focus

Catch all the live updates of the stock markets here

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Top 10 business headlines: ICICI consent plea, labour laws and more

From ICCI's consent plea in Videocon case to extension to 15th Finance Commission, here are the top business headlines of the day

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Best of BS opinion: Reservations vs competition, biofuel policy, and more

Here's a selection of opinion pieces from today's Business Standard

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There is economic slowdown, but no signs of recession: FM Sitharaman

The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year

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Maha Vikas Aghadi govt in Maharashtra could focus on farm debt waivers

The state govt can go for a waiver of Rs 50,000 crore spread over a couple of years, said Macquarie

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Air India will have to shut shop if privatisation flops: Minister Puri

Government is considering a plan to exclude more than half of Air India's $11 billion of debt in the government's latest attempt to lure investors to the struggling carrier, said sources

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Labour laws: Govt proposes making 14-day notice must for holding a strike

Noting that the government was bringing reforms in labour laws, the minister said as part of that, it was clubbing 44 labour laws into four codes

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Tuesday, November 26, 2019

Cabinet approves extension to 15th Finance Commission for one year

The Commission, on account of the restrictions imposed by the Model Code of Conduct, completed its visit to States only recently.

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Slow growth, infra spending in India to keep states' deficit high: Moody's

The government is facing growing challenges in meeting its medium-term fiscal consolidation goals amid a slowing economy, which has been driven by a combination of both cyclical and structural factors

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Cabinet approves extension to 15th Finance Commission for one year

The Commission, on account of the restrictions imposed by the Model Code of Conduct, completed its visit to States only recently.

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Prestige Estates up 6% on inking pact with Marriott Int for hotel projects

According to the proposal, the hotels in the pipeline will include a range of Marriott brand portfolios such as JW Marriott, Tribute Portfolio and Sheraton

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Slow growth, infra spending in India to keep states' deficit high: Moody's

The government is facing growing challenges in meeting its medium-term fiscal consolidation goals amid a slowing economy, which has been driven by a combination of both cyclical and structural factors

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HDFC, HDFC AMC rise up to 3% after Morgan Stanley maintains 'overweight'

So far in the fiscal year 2019-20, the stocks have outperformed the benchmark. While HDFC has surged 17 per cent, HDFC AMC has zoomed 134 per cent till Tuesday.

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Auto stocks gain on report that Cabinet may approve scrappage policy today

Tata Motors, Mahindra & Mahindra, Bharat Forge and Ashok Leyland from the Nifty Auto index climbed 3 per cent each on the National Stock Exchange.

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Analysts see Tata Steel stock rising in 2020 as firm revamps Europe biz

Tata Steel has been closing and selling plants in the UK since the 2008 financial crisis to make its business there more profitable

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YES Bank in focus, climbs 9% as board to consider fundraising on Friday

YES Bank, on October 31, had informed the exchanges that the bank had received a binding offer from a global investor for an investment of US$ 1.2 billion.

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Isro launches 14 satellites, marking success after Chandrayaan-2 setback

Cartosat-3, India's third-generation earth observation satellite, will be used for large-scale urban planning and to monitor coastal land, rural resources and infrastructure development

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Rahul, Priyanka Gandhi visit ex-Finance Minister Chidambaram in Tihar jail

He was arrested by the Enforcement Directorate in the money laundering case on October 16 and is in judicial custody till November 27 under the order of a trial court.

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Stocks to watch: RCap, YES Bank, Central Bank, Prestige Estate, PC Jeweller

Here's a look at the stocks that may trade actively in today's trading session.

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India's sugar demand takes a beating over slowdown, health concerns

Global sugar consumption is expected to climb 1.3 per cent in the 2019-20 season, slightly below the five-year average, the International Sugar Organization said in a report

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Facebook buys maker of hit VR game 'Beat Saber'

Facebook-owned Oculus on Tuesday said it is buying the studio behind hit virtual reality game "Beat Saber" as it looks to expand VR technology to wider audiences. Oculus, which makes Rift and Quest VR headgear, did not disclose financial terms of the deal to acquire Prague-based Beat Games. "Beat Games is joining us in our quest to bring VR to more people around the world," Oculus director of augmented and virtual reality content Mike Verdu said in a blog post. "Beat Games' accomplishments are already impressive, but Facebook and the Beat Games team know that there is so much more that can be done across VR, games, and music." Verdu assured players that the studio would continue to ship content and updates for "Beat Saber" on platforms where it is already available. In the virtual game, players use light sabers to slash oncoming, large cubes to the beat of music, sometimes twisting or ducking to avoid oncoming walls. "VR reimagines old genres and invents new ones," Verdu said. Oculus .

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Google rolls out ambient mode to make your phone useful while it charges

The aim behind the ambient mode is to make your device use move from app-based to intent-based using Google Assistant

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Amazon Alexa service will now be available for even low-powered IoT devices

Until now, manufacturers had to build devices with at least 100MB of RAM and ARM Cortex A-class processor

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Weekly stock picks by Religare Broking: Buy Balkrishna Industries, HUL

Here are the weekly stock recommendations by Religare Broking

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Technical calls from HDFC Securities: Buy Canara Bank, Axis Bank

Technical calls from Vinay Rajani, Technical & Derivatives Analyst, HDFC securities.

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MARKET LIVE: Trends on SGX Nifty suggest a weak start for Sensex, Nifty

Catch all the latest stock market updates here

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Best of BS Opinion: Maharashtra political drama, IL&FS collapse, and more

Here's a selection of opinion pieces from today's Business Standard

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Rahul and Priyanka Gandhi to visit Chidambaram today in Tihar jail

According to a senior party leader, Rahul and Priyanka will visit Chidambaram at around 9 am.

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Maruti Suzuki India's small car Alto crosses 3.8 million sales milestone

It has been India's best-selling car for 15 consecutive years, Maruti Suzuki added.

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Dissent brews in Google ranks after tech giant sacks 4 employees

One of the workers fired on Monday was connected to a petition against Google working with the US immigration and border patrol agency

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Monday, November 25, 2019

Tejas Networks surges 10% on strategic pact with Bharat Electronics

Tejas Networks has received purchase orders totalling over Rs 60 crore from BEL, towards supply and services of its optical and data networking equipment for various projects won by BEL.

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Trent outperforms peers in retail space with best in class growth

Valuations, however, are at a sharp premium compared to its peers

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CARE downgrades Dish TV's short term ratings on weak liquidity position

The company also has sizeable debt repayments in the near term

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Dr Reddy's Labs extends gains for second straight day, hits 33-month high

Analysts at SBICAP Securities upgraded the stock with 'buy' rating and target price of Rs 3,200 per share

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Maharashtra: SC orders Fadnavis govt to face floor test on Wednesday

The floor test will be done through open ballot and it will be recorded on video, the court said

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Reliance Industries, ICICI Bank propel Nifty to fresh record high

Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.

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DHL Group to launch zero-emission electric delivery in US by 2020

Over the last three years, DHL has kicked off "CO2-free last mile delivery" efforts with German cities like Berlin, Hamburg and Munich.

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Zee Entertainment falls 9% after Subhash Chandra resigns as chairman

Zee said Chandra would continue to "mentor" the management, coming at a time when the promoter family has retained management control with only 5.9 per cent stake in the company

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IndiGo declines 4% after DGCA asks airline to replace faulty engines

Last month, DGCA had asked the airline to change engines on 16 of its Airbus A320neos, following three instances of aircraft turning back within a span of 4 days.

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Modi govt may finally overhaul a hurdle for investors. India's labour laws

Unlike his last term in power, when Modi decided against bringing this labor reform bill to Parliament, this time around he knows he has the numbers needed.

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Modi govt may finally overhaul a hurdle for investors. India's labour laws

Unlike his last term in power, when Modi decided against bringing this labor reform bill to Parliament, this time around he knows he has the numbers needed.

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Trent outperforms peers in retail space with best in class growth

Valuations, however, are at a sharp premium compared to its peers

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CARE downgrades Dish TV's short term ratings on weak liquidity position

The company also has sizeable debt repayments in the near term

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AIIMS doctors take a cue from JNU, oppose govt's plans to hike MBBS fee

AIIMS RDA opposed the proposal, saying it strongly supports quality and affordable education for all sections of the society

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Maharashtra floor test LIVE: SC order today; Sena, NCP, Cong claim majority

The Supreme Court will give an order on Maharashtra government formation today, which will decide when the BJP-led government will have to face floor-test to prove its majority in the House

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Stocks to watch: ZEE Enterprises, DHFL, IndiGo, Tata Steel, Airtel, RCom

Here's a list of the stocks that may trade actively in today's trading session.

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India plans to migrate rupee trading back home. Why is that an uphill task?

London has become the biggest center for trading the Indian currency, according to the latest survey by the Bank for International Settlements in September.

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Nifty outlook and top trading ideas by Jay Anand Thakkar of Anand Rathi

Nifty has again started to form higher tops and bottoms and has finally provided a breakout from the crucial swing resistance of 12,040 levels

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Saudi Aramco IPO retail subscription at $5.8 billion, says lead manager

The last day of subscription for the retail tranche of the share sale is Nov. 28, it said. Aramco launched the IPO on November 3

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Oil prices hold above $63 a barrel on US-China trade talks optimism

Barclays sees Brent trading near $60 a barrel for two years

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MARKET LIVE: Trends on SGX Nifty suggest a positive start for Sensex, Nifty

Catch all the live updates of the stock markets here

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Best of BS Opinion: Wages vs profits, Andhra's wrong turn, and more

Here's a selection of opinion pieces from today's Business Standard

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1.2 million new jobs created in September 2019, show ESIC payroll data

Gross enrolments of new subscribers with the ESIC were 1.49 crore during the entire 2018-19 fiscal, the National Statistical Office (NSO) said in a report

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Sunday, November 24, 2019

India's economic growth to weaken in second half of FY19, says DBS Bank

New project announcements remain at a multi-year low, while production was depressed by weak consumer durables, non-durables, intermediate and capital goods, the bank pointed out.

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Fossil Gen 5 review: Fascinating smartwatch that leaves you asking for more

Priced at Rs 22,995, the Fossil Carlyle HR (Gen 5) is one of the better options if you prefer looks to utility and performance

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Fossil Gen 5 review: Fascinating smartwatch that leaves you asking for more

Priced at Rs 22,995, the Fossil Carlyle HR (Gen 5) is one of the better options if you prefer looks to utility and performance

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Eris Lifesciences gains 6% as 3% equity changes hands via block deals

Around 3.82 million equity shares, representing 2.78 per cent of total equity, of Eris Lifesciences changed hands on the BSE, the exchange data shows.

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Inox Wind gets SECI extension to commission 550 Mw wind projects in Gujarat

Inox Wind is a player in the wind energy market with three manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh.

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Adani Green Energy hits new high; zooms 120% in two months

Earlier this month, rating agency India Ratings and Research (Ind-Ra) had affirmed AGEL's long-term issuer rating at 'IND A' with a stable outlook.

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Ashoka Buildcon zooms 12% on receipt of order worth Rs 1,000 crore

For the quarter ended September 2019, the company reported a 17.1 per cent YoY rise in net profit at Rs 73 crore. The EBITDA, too, rose 35.7 per cent YoY to Rs 162 crore.

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Rupee only emerging Asian currency to slide this qtr; losses to gather pace

The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.

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Rupee only emerging Asian currency to slide this qtr; losses to gather pace

The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.

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Rupee only emerging Asian currency to slide this qtr; losses to gather pace

The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.

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Stocks to watch: Brokerage firms, Titan, YES Bk, Tata Motors, Unichem Labs

Here's a list of stocks that may trade actively in today's trading session.

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Maharashtra LIVE: Centre to give SC 2 letters; Parliament uproar likely

The Shiv Sena, Nationalist Congress Party, and the Congress--the combine that had expected to govern Maharashtra--are expected to challenge the BJP in Parliament which resumes after the weekend.

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Private Bank Q2 review: Top-line nos improve; Q3 may see better recoveries

The quarter gone by saw mixed results in terms of asset quality. Among key private players, only ICICI Bank and Axis Bank reported a fall in gross non-performing assets on a YoY basis

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Nifty outlook and top trading ideas by CapitalVia: Buy HDFC, Equitas

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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MARKET LIVE: Trends on SGX Nifty suggest a positive start for Sensex, Nifty

Catch all the live updates of the stock market here

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MARKET LIVE: Trends on SGX Nifty suggest a positive start for Sensex, Nifty

Catch all the live updates of the stock market here

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USFDA red flags Torrent Pharma's US-based arm for manufacturing violations

The plant's water system was not adequately designed, controlled, maintained, and monitored to ensure it consistently produced water that met specifications and appropriate microbial limits

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Paytm raises a billion dollars at a valuation of $16 bn, plans expansion

Ant Financial and SoftBank back it with full force; money will go for expansion in small cities, towns

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Paytm raises a billion dollars at a valuation of $16 bn, plans expansion

Ant Financial and SoftBank back it with full force; money will go for expansion in small cities, towns

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Best of BS Opinion: Maharashtra govt formation, tax buoyancy, and more

Opinion and analysis on telecom companies' decision to raise tariffs and the way the government is responding to slowdown.

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Delhi's Khan Market world's 20th most expensive retail location: Report

Causeway Bay in Hong Kong retains the number one ranking, commanding an annual rent of $2,745 per sq ft

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After sacking Thapar as chairman, CG Power eyes his removal as promoter

Thapar, who was non-executive chairman of the company, was removed by its board on August 29

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Best of BS Opinion: Maharashtra govt formation, tax buoyancy, and more

Opinion and analysis on telecom companies' decision to raise tariffs and the way the government is responding to slowdown.

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Govt to amend IBC to ring-fence buyers of stressed assets from prosecution

This will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said

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After sacking Thapar as chairman, CG Power eyes his removal as promoter

After sacking founder Gautam Thapar as the chairman of the company, fraud-hit CG Power & Industrial Solutions has moved to declassify him as promoter, as any association with him will be prejudicial to the interests of the company, according to the firm's annual report. The company had in August stated that an investigation instituted by its board had found major governance and financial lapses, including some assets being provided as collateral and the money from the loans siphoned off by "identified company personnel, both current and past, including certain non-executive directors." Thapar, who was non-executive chairman of the company, was removed by its board on August 29. Its new chairman Ashish Kumar Guha in the firm's latest annual report said CG Power has been impacted by several irregular transactions and a detailed investigation concluded that there were "large and significant malfeasances." "The board acted swiftly once it received the Phase 1 (investigation) report ...

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Govt to amend IBC to ring-fence buyers of stressed assets from prosecution

This will help make the insolvency process more attractive for the bidders and instil confidence in them, sources said

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Saudi chemical giant SABIC bets big on India to create future tech products

Special lightweight materials which are tougher than metal and used to replace heavy auto metallic structures, make ophthalmic lenses and cell phones, are some of the innovations created by SABIC Tech

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Saturday, November 23, 2019

BPCL asset valuer asked to submit valuation of company in 50 days

In part indication of timelines for privatisation of India's second biggest state oil refiner, the government has set a 50-day deadline for an outside 'asset valuer' to carry out the valuation of all assets of Bharat Petroleum Corp Ltd (BPCL), a process once completed will trigger invitation of price bids from potential acquirers. The Cabinet Committee on Economic Affairs (CCEA) had on November 20 given a go-ahead for sale of government's entire stake in BPCL, Shipping Corporation of India Ltd (SCI), power generator THDC India Ltd (THDCIL) and North Eastern Electric Power Corp Ltd (NEEPCO) to a strategic investor along with management control. It had also approved sale of 30.8 per cent out of its 54.8 per cent interest in Container Corp of India Ltd (Concor). The stake sale will follow a two-stage process of first inviting expression of interest (EoI) from potential bidders who will after due diligence will be asked to submit price bids in the second part, officials said. In the ...

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Govt sets 50-day deadline for valuer to carry out valuation of BPCL

In part indication of timelines for privatisation of India's second biggest state oil refiner, the government has set a 50-day deadline for an outside 'asset valuer' to carry out the valuation of all assets of Bharat Petroleum Corp Ltd (BPCL), a ...

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Govt mulls cut in reserve price of rice to boost sale through open market

The govt is considering downward revision of reserve price of rice from Rs 2,785 per quintal to Rs 2,250 per quintal in order to boost sale from central pool stock

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NTPC likely to raise funds through green bonds for THDCIL, NEEPCO stake

Proceeds from green bonds are used to finance clean and green and environment-friendly infrastructure

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Govt mulls cut in reserve price of rice to boost sale through open market

The govt is considering downward revision of reserve price of rice from Rs 2,785 per quintal to Rs 2,250 per quintal in order to boost sale from central pool stock

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Operationalise additional blocks soon or return them: Govt to Coal India

The government was told that of the 110 additional CIL blocks, 50 were explored, 41 were under exploration and balance 19 were partly/regionally explored

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Thank people for maturity, patience displayed after Ayodhya verdict: Modi

Modi said 130-crore Indians have once again proved that for them, there is nothing bigger than national interest

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Operationalise additional blocks soon or return them: Govt to Coal India

The government was told that of the 110 additional CIL blocks, 50 were explored, 41 were under exploration and balance 19 were partly/regionally explored

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Govt's privatisation plan may end complex cross-holding in oil PSUs

According to reports, all oil sector PSUs would be asked to exit from their investments made in equity shares of other state-owned entities

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FPIs infuse Rs 17,722 cr into Indian markets in November so far; still wary

Overseas investors pumped in a net sum of Rs 17,547.55 cr into equities and Rs 175.27 cr in the debt segment during November 1-22, taking the cumulative net investment to Rs 17,722.82 cr

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Sebi plans to rope in agency to implement data analytics project

The move is part of Sebi's effort to address and handle challenges arising out of technological advancements in the markets

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Govt's privatisation plan may end complex cross-holding in oil PSUs

According to reports, all oil sector PSUs would be asked to exit from their investments made in equity shares of other state-owned entities

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RCEP offer 'was not as much as our aspirations', says FM Sitharaman

She also said that she held discussions with credit rating agencies on their methodology to assess risk

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Odisha topples Maharashtra in attracting new investments in H1 FY20

Corners 18% of virgin investments drawn by all states, compare to Maharashtra's 16%

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NTPC likely to raise funds through green bonds for THDCIL, NEEPCO stake

Proceeds from green bonds are used to finance clean and green and environment-friendly infrastructure

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Maharashtra LIVE: SC to hear Sena-Cong-NCP plea seeking floor test today

Sena-Cong-NCP wants an immediate floor test to avoid "further horse trading". The petition will be heard at 11.30 am today. Catch all Maharashtra LIVE updates here

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SC to hear Sena-Congress-NCP plea seeking floor test in 24 hours today

The petitioners moved the apex court on Saturday evening seeking an urgent hearing following which the court authorities confirmed a hearing on the petition at 11:30 a.m. on Sunday

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Homebuyers seek further talks on NBCC's revised bid for Jaypee infra

While negotiating with the NBCC, homebuyers have asked their representative Verma to ensure claim for delay compensation and no escalation charges

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BJP not self-critical? Newspapers, magazines at PMO suggest otherwise

Conspicuously missing from the stack of newspapers and magazines at visitors' room in PMO are periodicals like Panchajanya and Kamal Sandesh

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India didn't join RCEP as 'offer was not as much as our aspirations': FM

India's decision to not to join the mega deal was announced by Prime Minister Narendra Modi during his speech at the RCEP Summit in Bangkok early this month.

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IRCTC serves notice to 47 private caterers, asks them to improve food

Those served notices amount to 13 per cent of the total onboard catering contracts numbering 358.

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Ex-Bhushan Power and Steel CMD sent to 7-day custody for 'bank loan fraud'

The ED recently attached assets worth Rs 4,025 crore of Bhushan Power and Steel Limited (BPSL).

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India's urban unemployment rate drops to 9.3% in Jan-Mar 2019: Govt data

For women, the UR was at 11.6 per cent during the reported period as against 12.8 per cent during April-June 2018.

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India's urban unemployment rate drops to 9.3% in Jan-Mar 2019: Govt data

For women, the UR was at 11.6 per cent during the reported period as against 12.8 per cent during April-June 2018.

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US world's biggest source of instability, engages in protectionism: China

Wang said that China's development and growth was an inevitable trend of history that no force could stop.

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Odisha topples Maharashtra in attracting new investments in H2 FY20

Corners 18% of virgin investments drawn by all states, compare to Maharashtra's 16%

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French beauty retailer Sephora aims to have 50 stores in India by 2022

Arvind Fashions, Sephora's master franchisee for India, looks to build its brand portfolio

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Fadnavis back as CM, Ajit Pawar deputy in Maharashtra political twist

Prime Minister Narendra Modi tweeted his congratulations to Fadnavis minutes after the swearing-in ceremony

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MCA wants accounts of CG Power and Industrial Solutions to be restated

It wants chartered accountants to re-open the books of account and recast the financial statements of the company and its subsidiary firms.

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MCA wants accounts of CG Power and Industrial Solutions to be restated

It wants chartered accountants to re-open the books of account and recast the financial statements of the company and its subsidiary firms.

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Ashoka Buildcon arm gets NHAI's LOA for highway project worth Rs 1,000-cr

Earlier this week, the company had said ACL had submitted its bid to the National Highways Authority of India for the said project

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DHFL postpones release of financial results; new date to be announced later

DHFL was scheduled to announce its financial result on November 25

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Workers of Honda Motorcycle's Manesar plant stage protest march

The march started from the plant to Gurgaon Deputy Commissioner's office

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Avaada Energy gets $15 mn funding from French finance institution Proparco

In April, Avaada received a total investment of over Rs 1,000 crore from Asian Development Bank, DEG, Dutch finance development company FMO and company's promoter

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Delhi's air quality records marginal improvement due to high wind speed

The overall air quality index in the city read 340 at 9 am, down from 360 at 4 pm on Friday

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Friday, November 22, 2019

Sebi bans Karvy Stock Broking for Rs 2,000 crore client defaults

Sebi said the unauthorised use of clients' funds creates a serious doubt over the conduct and integrity of KSBL

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Maharashtra govt formation LIVE: Fadnavis sworn in as CM, Pawar as deputy

'Work for Maharashtra's bright future,' PM Modi congratulates Devendra Fadnavis, Ajit Pawar

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Why India should ensure its privatisation programme is transparent and fair

NDA government recently approved the selling of the entire stake in BPCL, Shipping Corp. of India Ltd. It also approved selling a controlling 30.8% shareholding in Container Corp. of India Ltd

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Why India should ensure its privatisation programme is transparent and fair

NDA government recently approved the selling of the entire stake in BPCL, Shipping Corp. of India Ltd. It also approved selling a controlling 30.8% shareholding in Container Corp. of India Ltd

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Best of BS Opinion: Social to economical, losing the past and the future

Here's a selection of Business Standard Opinion pieces for the day

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Devendra Fadnavis takes oath as Maharashtra CM, Ajit Pawar as Deputy CM

The oath was administered by Maharashtra Governor Bhagat Singh Koshiyari

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Bharat Net 2: BSNL vendors seek DoT intervention to release Rs 1.6k cr dues

The Union Cabinet had, last month, approved a plan to combine MTNL - which provides services in Mumbai and New Delhi - with BSNL that services the rest of the nation.

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Thursday, November 21, 2019

Commodity outlook by Tradebulls Securities:Buy crude, natural gas

Expect rupee to trade in a range of 71.60-72.40 in the near term

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Global bond market looks to Modi with promise to finance India's growth

China's phased entry into several key bond gauges this year provides India with a template that could be shaped to its needs

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Derivatives strategy on Havells by Nandish Shah of HDFC Securities

The stock price has broken down from the upward sloping trendline

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Top stock recommendations by Anand Rathi: Buy Lupin, Zensar Tech

Trading calls by Jay Anand Thakkar, CMT -Assistant Vice President - Equity Research, Anand Rathi Shares and Stock Brokers

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MARKET LIVE: Trends on SGX Nifty suggest a flat start to Sensex, Nifty

Catch all the live updates of the stock markets here

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MARKET LIVE: Trends on SGX Nifty suggest a flat start to Sensex, Nifty

Catch all the live updates of the stock markets here

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Today's picks: From Dr Reddy's to BPCL, hot stocks to watch on Friday

For Nifty, stop long positions at 11870. Stop short positions at 12050. Big moves could go till 12125, 11825.

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Deep learning to analyze neurological problems

Getting to the doctor's office for a check-up can be challenging for someone with a neurological disorder that impairs their movement, such as a stroke. But what if the patient could just take a video clip of their movements with a smart phone and forward the results to their doctor?

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Chemists create new route to PHAs: Naturally degradable bioplastics

A new study demonstrates a chemical catalysis path for making an existing class of biomaterials called PHAs -- already gaining momentum in industrial settings -- even more commercially viable and structurally diverse.

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Mathematician develops model to control spread of aquatic invasive species

Adjusting the water flow rate in a river can prevent invasive species from moving upstream and expanding their range. An applied mathematician has developed a partial differential equation model to find the desired flow rate to reduce invasive populations.

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Best of BS Opinion: India's politics, not economics, is the problem

Pollution in North India is as intractable as the behaviour of Donald Trump is unpredictable.

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No life lost, no bullet fired after Article 370 move, govt tells SC

Attorney General K K Venugopal told the apex court that instead of questions, the government should be 'congratulated' for effectively handling of the situation

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Philanthropy is more complex than running a business, says Azim Premji

The success of Wipro was not his but of many people in leadership and in levels below leadership, who have devoted their lives and commitments to this, he said. The same thing applies to a foundation

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Gadkari directs NHAI to issue free FASTags at toll booths until Dec 1

Almost 90 per cent toll plazas are ready with FASTag infrastructure as of now and only some new toll plazas will face teething issues, the minister said

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BSVI emission norms: Toyota to phase out Etios, Liva by April 2020 in India

As compared to the Fortuner or Innova, the mass car models have not been much of a success for Toyota

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Corporate India's M&A deal value slips 45% to $1.5 bn in Oct: Report

The January-October deal activity continued to witnessed weak performance in terms of both deal values and volumes compared to the year-ago period

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Genetic studies reveal how rat lungworm evolves

Rat lungworm is a parasitic disease, spread through contaminated food, which affects the brain and spinal cord. Now, researchers report that a detail analysis of the genetics of the rat lungworm parasite -- Angiostrongylus cantonensis -- reveal signatures of adaptive evolution that have let the parasite survive and may serve as future drug targets.

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Deep learning to analyze neurological problems

Getting to the doctor's office for a check-up can be challenging for someone with a neurological disorder that impairs their movement, such as a stroke. But what if the patient could just take a video clip of their movements with a smart phone and forward the results to their doctor?

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New antenna tech to equip ceramic coatings with heat radiation control

Researchers have developed a way for ceramic coatings to control heat radiation, a feature that could increase the performance of aircraft engines operating at high temperatures.

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Scientists help soldiers figure out what robots know

A research team developed new algorithms and filled in knowledge gaps about how robots contribute to teams and what robots know about their environment and teammates.

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How an AI solution can design new tuberculosis drug regimens

With a shortage of new tuberculosis drugs in the pipeline, a software tool can predict how current drugs--including unlikely candidates -- can be combined in new ways to create more effective treatments.

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Diet pills, laxatives used for weight control linked with later eating disorder diagnosis

Among young women without an eating disorder diagnosis, those who use diet pills and laxatives for weight control had higher odds of receiving a subsequent first eating disorder diagnosis within one to three years than those who did not report using these products.

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The 20-Minute HIIT Workout You Can Do Literally Anywhere

In a perfect world, we'd all have a good hour of free time every day, specifically for working out.

Unfortunately, that's not the case—and some days, between making time for work, friends, and family, it's hard enough to just find time to take a breath, let alone crush a workout. That is, until high-intensity interval training (HIIT) gained popularity. 

For the uninitiated, HIIT workouts are a quick, efficient way to sneak in exercise, but the benefits go way beyond simply fitting it into your schedule. “HIIT training can improve anaerobic capacity, cardiovascular health, and result in fat loss,” says Lacee Lazoff, NASM-certified personal trainer based in New York City and creator of Bells Up. “It’s effective when work’s performed in short intervals at maximum capacity, followed immediately by modesty intervals of very low capacity or rest.”

RELATED: 7 HIIT Mistakes You’re Probably Making

So what does an effective HIIT workout look like? Lazoff suggests that you follow a 30-second on, 90-second rest formula. During those 30 seconds on, you’re really working as hard as possible. “Think of it as a rate of perceived exertion of least a nine,” she adds. And because they take so little time, HIIT workouts are a super-effective addition to any training plan with time restrictions, says Lazoff. 

Once you're ready to kick things up a notch (and I mean that literally), try this 20-minute HIIT workout, courtesy of Lazoff—just make sure you've queued up a killer playlist first; you'll want those beats to keep you motivated, but you won't have time to switch the track. 

The Workout

Do each move for 30 seconds, rest for 90 seconds before moving on to the next. Repeat the circuit once.

Mountain Climber

Start in a high plank position. Alternate running your knees into your chest as quickly as you can, keeping the hips lifted and feet flexed. Move as fast as possible. You should be out of breath by the end of the interval.

High Knees with Arms Overhead

Start in a standing position with feet hip-width distance apart, arms up overhead with hands facing in, with a slight bend in the elbows. Begin to run in place, bringing knees up your chest as high as possible while pumping your arms. Keep your chest lifted throughout movement and land on the ball of your foot. Repeat.

RELATED: The Best HIIT Workout—and Why It Burns So Many Calories

Jump Squat

Start standing with your feet slightly wider than hip-width apart with toes turned out. Lower into a squat position (your butt should be below your knees). Jump up and land as softly as possible. Repeat.

Frogger

Start in a high plank position with your shoulders directly over your wrists. Engage your core and jump both feet up and outside your hands so that you’re in a squat position. Jump back into plank. Repeat.

RELATED: This 4-Move Battle Rope Workout is Perfect for Beginners

Skater

Stand on left leg with right leg behind you. Explosively hop to right leg, placing left foot behind it to soften landing. Alternate sides. Repeat.

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Wednesday, November 20, 2019

US Fed minutes show rates on hold until economy shows 'material change'

The minutes also showed that policymakers further discussed the possibility of setting up a standing repo facility in the wake of recent ructions in short-term money markets

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MARKET LIVE: Trends on SGX Nifty suggest a weak start for Sensex, Nifty

Catch all the live updates of the stock market here

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Top trading ideas by CapitalVia Global Research: Buy TCS, Pidilite

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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Economic slowdown: Even Diwali failed to lift India's sullen animal spirits

The poor reading signals a protracted slowdown, and may influence the Reserve Bank of India to cut interest rates for a sixth time this year in December

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Is Sri Lanka the next Argentina?

Sri Lanka suffers from cleavages along many different lines, notably ideology, ethnicity, language, and religion

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Indian Army may prune its sniper rifle requirement, reduce orders by 70%

The 1.3 million-strong Indian Army's previous efforts to buy 5,720 sniper rifles in a process that began in February 2018 was scrapped in July this year

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Economic slowdown: Even Diwali failed to lift India's sullen animal spirits

The poor reading signals a protracted slowdown, and may influence the Reserve Bank of India to cut interest rates for a sixth time this year in December

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Best of BS Opinion: RCEP and the two futures for India and its industry

Is Sri Lanka the next Argentina? What will it take for Indian businesses to compete globally? What are the key elements of a sustainable end of life policy for commercial vehicles?

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Residential property sales will take a year to improve, say top realtors

Residential sales have seen a slowdown for the past five years and prices have stagnated due to poor demand

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Tharoor-led Parliamentary panel decides to take up WhatsApp 'spying' issue

Headed by Shashi Tharoor, committee meet got off to a stormy start; the matter was put to vote

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Australian ex-PM Tony Abbott calls for bilateral free trade pact with India

To focus on the RCEP, India had earlier decided to hold off talks on bilateral FTAs with both the nations

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Cube Highways' Rs 5,000-cr bid the highest for third lot of TOT projects

The National investment and Infrastructure Fund quoted Rs 4,230 crore while Mumbai-based IRB quoted Rs 3,510 crore

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Microsoft CEO Nadella tops Fortune's Businessperson of the Year 2019 list

Fortune's annual Businessperson of the Year list features 20 business leaders "who tackled audacious goals, overcame impossible odds, found creative solutions".

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Little-known protein appears to play important role in obesity and metabolic disease

With unexpected findings about a protein that's highly expressed in fat tissue, scientists have opened the door to critical new understandings about obesity and metabolism. The discovery could lead to new approaches for addressing obesity and potentially many other diseases.

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Genetic discovery holds implications for better immunity, longer life

Wrinkles on the skin of a microscopic worm might provide the key to a longer, healthier life for humans. Working with Caenorhabditis elegans, a transparent nematode found in soil, researchers found that the nervous system controls the tiny worm's cuticle, a skin-like exterior barrier, in response to bacterial infections.

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Energy research: Economizing on iridium

Iridium is an ideal catalyst for the electrolytic production of hydrogen from water -- but it is extremely expensive. But now a new kind of electrode made of highly porous material does an excellent job with just a hint of iridium.

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'Self-cleaning' concrete could keep buildings looking new

Building materials that clean themselves could save immense time and labor in homes and businesses, as well as reduce disease risk in settings such as hospitals. Now, researchers have made a new type of concrete that is strong, heat-insulating and soundproof -- and best of all, liquids like milk and coffee bounce right off of it, taking dust particles with them.

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Photoinitiators detected in human breast milk

Photoinitators (PIs) are compounds used in the ink of many types of food packaging. The substances have been shown to migrate into food and, when consumed, show up in human blood serum. Now, for the first time, researchers report they have detected PIs in human breast milk, although they say the levels consumed by breastfeeding infants are unlikely to be a health concern.

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Genetic discovery holds implications for better immunity, longer life

Wrinkles on the skin of a microscopic worm might provide the key to a longer, healthier life for humans. Working with Caenorhabditis elegans, a transparent nematode found in soil, researchers found that the nervous system controls the tiny worm's cuticle, a skin-like exterior barrier, in response to bacterial infections.

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Photoinitiators detected in human breast milk

Photoinitators (PIs) are compounds used in the ink of many types of food packaging. The substances have been shown to migrate into food and, when consumed, show up in human blood serum. Now, for the first time, researchers report they have detected PIs in human breast milk, although they say the levels consumed by breastfeeding infants are unlikely to be a health concern.

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Smart buildings face challenges but have plenty of potential

Scientists have examined the concepts of occupant-centric control in the burgeoning field of smart buildings. They propose future directions for OCC research by providing recommendations to address these challenges and to standardize OCC implementations.

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Only eat oysters in months with an 'r'? Rule of thumb is at least 4,000 years old

Foodie tradition dictates only eating wild oysters during months containing the letter 'r' -- from September to April. Now, a new study suggests people have been following this practice for at least 4,000 years.

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How the brain detects the rhythms of speech

Neuroscientists have discovered how the listening brain scans speech to break it down into syllables. The findings provide for the first time a neural basis for the fundamental atoms of language and insights into our perception of the rhythmic poetry of speech.

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Tuesday, November 19, 2019

The sun stops shining for Shapoorji Pallonji as solar company IPO falters

Sterling and Wilson shares tank as Shapoorji Pallonji, the controlling shareholders, drag their feet on promise of repaying Rs 23 billion debt.

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The sun stops shining for Shapoorji Pallonji as solar company IPO falters

Sterling and Wilson shares tank as Shapoorji Pallonji, the controlling shareholders, drag their feet on promise of repaying Rs 23 billion debt.

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PSBs extend gain; Nifty PSU Bank index surges 10% in four days

Corporation Bank has rallied 82 per cent in four days from Rs 15.70 to Rs 28.50.

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RBI discovers more than $450 million in extra bad loans at Yes Bank

Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31

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Shree Cement rises 4% post Rs 3,000 crore QIP offer launch

India's third-largest cement producing company has been hit by a prolonged monsoon season and falling cement prices on the back of the ongoing economic slowdown.

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Telecom stocks extend rally; Voda Idea up 32%, new 52-wk high for Airtel

After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark

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RIL extends gains, surges 4% to hit fresh high; m-cap nears Rs 10 trillion

On Tuesday, RIL became the first Indian company to cross the m-cap of Rs 9.50 trillion.

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Rupee opens 12 paise lower against US dollar amid weak global cues

The domestic unit on Tuesday settled 13 paise higher at 71.71

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Stocks to watch: Telecom, RIL, YES Bk, Consumer good firms, oil-related cos

Here's a look at the top stocks that may remain in focus today.

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Disney streaming platform grapples with password leaks, despite success

Disney said its system hasn't been hacked and that it's working to quickly address the issue

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Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts

Reserve Bank of India has cut interest rates five times this year to boost growth, with the monetary easing complemented by fiscal measures, including $20 billion of tax cuts for companies

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From India to Brazil, emerging markets can shore up global economy

South Korea and Brazil are among those with further cuts likely on the horizon, while others like China and Thailand are proceeding more cautiously on further easing

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With water plants and hospitals, China is on a charm offensive in Sri Lanka

This month's presidential election, won by Gotabaya Rajapaksa, puts Beijing back in the driving seat in Sri Lanka

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Not bottomed out yet? India may grow at less than 5% in FY20, say forecasts

Reserve Bank of India has cut interest rates five times this year to boost growth, with the monetary easing complemented by fiscal measures, including $20 billion of tax cuts for companies

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Weekly stock picks by Religare Broking: Buy HPCL, Power Finance Corporation

Here are the weekly stock recommendations by Religare Broking

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Oil slumps 2.5% on oversupply fears, US-China trade talk concerns

OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December

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US-China trade war: Tariff relief may be tied to the failed deal from May

The duties under discussion for a potential rollback include the initial tariffs on some $250 billion in Chinese goods that President Donald Trump imposed last year, according to two people

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Companies Act amendment likely to trigger easier rights issue norms

Vodafone Idea and Bharti Airtel both raised Rs 25,000 crore through a rights issue earlier this year

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Sebi gives directions on margin collection and reporting in cash segment

Clients must ensure that the VaR margins and ELM are paid in advance of trade and other margins are paid as soon as margin calls are made by the stock exchanges, TMs or CMs.

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MARKET LIVE: Oil price, global cues top factors today; RIL, YES Bk in focus

Catch all the latest developments of the stock markets here

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This Cooling Mattress Pad May Be the Solution to Your Sleep Woes

Top 10 biz headlines: Andhra risks arbitration, telecom price war to end

From auto retail sales to PSB frauds, here are the top 10 business headlines for the day.

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Best of BS Opinion: What economy needs, streaming movies, RCEP, and more

Narendra Modi's decision not to join the Regional Comprehensive Economic Partnership was a political one

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Monday, November 18, 2019

Food company Wingreens Farms Raises Rs 125 crore in Series B funding

Gurgaon-based company says will use investment to bump up distribution network and new products.

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Consumption stocks zoom in 10 years despite fall in consumer spend

The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period

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Consumption stocks zoom in 10 years despite fall in consumer spend

The Nifty Consumption index surged nearly 228 per cent in the last 10 years and has outperformed the frontline Nifty50 that moved up nearly 138 per cent during this period

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Bihar has export potential of $900 mn, shipment could exceed $2 bn: Exim

The study examined Bihar's economic profile and outlined strategies for creating an enabling environment for exports at the state-level

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Proposed amendments to Companies Act may include easier rights issue norms

Telecom companies Vodafone Idea and Bharti Airtel both raised Rs 25,000 crore through a rights issue earlier this year

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ICRA cuts Karvy Broking's credit rating to 'non-cooperating category'

Rating agency says the investment arm of Karvy Group didn't heed its requests for information about the company's performance.

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Corporation Bank surges 68% in three days post Essar Steel ruling

The Supreme Court (SC) on Friday said the National Company Law Appellate Tribunal (NCLAT) should not interfere with the decisions of the committee of creditors (CoC) in the Essar Steel insolvency case

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Sterling and Wilson Solar stock hits new low, tanks 42% in three days

The company said the promoters have requested to consider a revised repayment schedule for the balance loan outstanding amount.

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Zee Ent slips 3% as Brickwork downgrades preference shares, issuer rating

The downgrade in the rating inter alia factors the deteriorating financial flexibility of the group marked by an increased pledge of promoter holding and continuous volatility in share price movement

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Bharti Airtel hits 52-wk high, Voda Idea up 20% on decision to hike tariffs

Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in several years and follows record second-quarter losses reported by the two operators

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SBI Life slips 6% after 3% equity changes hands in multiple block deals

Earlier, reports said that Carlyle Group was looking to sell 3 per cent of its stake in SBI Life in the price range Rs 930-940 apiece, a 6-7 per cent discount to Monday's closing price.

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Paper imports up by 30% to $706 million during April to September

Data shows during April to September 2019, imports rose to $706 million from $602 million during same period a year ago

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Women's role in labour force declining due to education, migration: Govt

Survey in 2017-18 shows women formed 23.3 per cent of labour force compared to 42.7 per cent in 2004-05.

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Stocks to watch: SBI Life, Airtel, Vodafone Idea, Tata Steel, Shree Cement

Here's a look at the top stocks that may trade actively in today's trading session.

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Indian shadow banks remain weak as credit crisis continues unabated

Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons

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Not just health, Delhi's air is also toxic for economy facing a slowdown

India's losses from air pollution increased more than four times to $560 billion between 1990 and 2013, according to the World Bank

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Parliament Winter Session LIVE: Debate on economy, pollution likely

Parliament likely to debate economic slowdown, air pollution in vast parts of the country, the situation in Kashmir and other issues.

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Not just health, Delhi's air is also toxic for economy facing a slowdown

India's losses from air pollution increased more than four times to $560 billion between 1990 and 2013, according to the World Bank

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Top trading ideas by CapitalVia: Buy JSW Steel, Max Financial Services

Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor

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Oil prices fall almost 2% on uncertainty over US-China trade talks

Brent crude futures settled at $62.44 a barrel, down 86 cents, or 1.4 per cent

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MARKET LIVE: Trends on SGX Nifty suggest a weak start for Sensex, Nifty

Catch all the live updates of the stock markets here

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Top 10 biz headlines: Telcos to hike tariffs, Budget 2020, and more

From NHAI issuing land bonds to Tata Steel's jobs cuts, here are the top 10 business headlines for the day.

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Best of BS Opinion: Job crisis, price rise, India's weak policies, and more

Whether it is the employment crisis or foreign companies leaving India, the hyphen between the two is weak policies

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Sunday, November 17, 2019

PSB Q2 review: NII, net profit improve; experts see higher slippages ahead

Banks may report higher NPAs on account of DHFL, Coffee Day Enterprises, Cox & Kings, and possibly Vodafone Idea in the coming quarters

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Morgan Stanley pegs 2020 global growth at 3.2%; EMs to outperform

Uncertainties relating to trade wars, macro data from the United States (US) and reduced scope of monetary policy, however, are the three key risks it cites to its projections

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Essar Steel case verdict a big positive for banks; SBI top pick: Analysts

On Friday, the government came up with an interim framework for resolving financial stress in financial service providers (FSPs) through a structured resolution and liquidation proceedings.

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Bharti Airtel hits 21-month high, surges 20% from Friday's low

The company is hopeful that the government will take a considerate view on SC verdict on AGR matter, given the fragile state of the industry.

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Moped sales fall 25.58% in April-Oct as rural India demand dries up

TVS Motor Company, the only company in India to manufacture mopeds, said exports dropped by nearly 40 per cent.

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Modi govt's doctrine of governance behind economic slowdown: Manmohan Singh

India's large economy can not be directed at will or managed by managing colourful headlines, wrote the former PM

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Brokerages turn cautious on markets amid slowing growth, rich valuation

Since the cut in corporation tax, the S&P BSE Sensex and Nifty 50 have gained 12 per cent and 11 per cent

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Winter session LIVE updates: Open to discussions on all issues, says Modi

Parliament winter session LIVE updates: Citizenship Bill, Personal Data Protection Bill, 2019, Transgender (Protection of Rights) Bill among the 47 items expected to be taken up in the parliament

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BPCL gains 4% on report that govt wants to wrap up stake sale by March 2020

The finance minister Nirmala Sitharaman has said that government stake sale in the company will be completed by March next year.

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China cuts key liquidity rate for first time since 2015 amid economic woes

The People's Bank of China said on its website that it was lowering the seven-day reverse repurchase rate to 2.50% from 2.55%

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Glenmark Pharma jumps 9% after CLSA upgrades to 'buy' from 'sell'

In the last two sessions, the stock has zoomed over 16 per cent.

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Kashmir admin shifts 34 political prisoners to MLA hostel as winter begins

Kashmir Valley, including Srinagar City, was reeling under winter chill and witnessed the season's first snowfall earlier this month.

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TikTok owner ByteDance in talks with labels for music streaming launch

ByteDance is looking to launch its music streaming as soon as next month, initially in emerging markets such as India, Indonesia and Brazil, before a future opening in the United States

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Stocks to watch: DHFL, Tata Steel, RIL, ADAG firms, Vadilal Industries

Here's a look at the stocks that may trade actively in today's trading session.

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MARKET LIVE: Trends on SGX Nifty suggest a flat start for Sensex, Nifty

Catch all the live updates of the stock markets here

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Nifty outlook and stock pick by Angel Broking: Buy Persistent, Lupin

Stock calls and Outlook on Nifty by Mr. Sameet Chavan, Chief Analyst- Technical & Derivatives, Angel Broking Ltd.

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Commodity picks: November 18, 2019

Prices of Guar seed are expected to trade higher towards Rs 4,500 per quintal over the next couple of weeks

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Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher

As the economy slows, the Reserve Bank governor will find it tough to keep all the balls in the air in the many roles he performs.

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Slowdown to bad debts: Shaktikanta Das's balancing act is becoming tougher

As the economy slows, the Reserve Bank governor will find it tough to keep all the balls in the air in the many roles he performs.

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Best of BS Opinion: Why the govt must step in to help telecom companies

Here's a selection of Business Standard Opinion pieces for the day

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Radio to TV, festive advertising volumes in India decline sharply: Report

Advertising volumes in key categories such as print, television, radio and outdoor has declined sharply during the period this year over last year

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Shiv Sena effect: NDA allies pitch for better coordination, demand convener

Various NDA allies, including newly appointed LJP president Chirag Paswan, desired to have a convener or coordination committee to sort out differences

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Govt may re-introduce curbs on royalty payments for technology transfer

Royalty is paid to a foreign collaborator for the transfer of technology, usage of brand or trademarks

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World's biggest public offering: Saudi Aramco seeks $1.71 trn in valuation

The company is seeking to raise between $24 billion and $25.6 billion by selling a 1.5% stake, putting it close to Alibaba Group Holding Ltd.'s $25 billion deal

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FPIs infuse Rs 19,203 cr into Indian capital markets in November so far

Prior to this, FPIs had poured a net Rs 16,464.6 crore in October and Rs 6,557.8 crore in September into the domestic capital markets (both equity and debt)

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Startup India Vision 2024: DPIIT may cut compliance time to 1 hour/month

So far, over 24,000 start-ups have been recognised by the department. They are eligible for various tax incentives

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Bill Gates explains what India needs for quality healthcare system

Gates said one of the "great triumphs" of the Indian health system was the elimination of polio

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Bill Gates explains what India needs for quality healthcare system

Gates said one of the "great triumphs" of the Indian health system was the elimination of polio

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Startup India Vision 2024: DPIIT may cut compliance time to 1 hour/month

So far, over 24,000 start-ups have been recognised by the department. They are eligible for various tax incentives

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Gotabaya Rajapaksa: The man who ended Sri Lanka's 30-yr civil war with LTTE

The 70-year-old politician served as the defence secretary during his elder brother Mahinda Rajapaksa's tenure as president from 2005 to 2014

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Saturday, November 16, 2019

Green certificate sales down 2.25% to 6.87 lakh in Oct on low supply

IEX data showed that both non-solar and solar RECs continued to see low supply situation, with buy bids exceeding sell bids due to low inventory

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AIIB expects $100m investment a year in India's solar, wind projects

AIIB's Director General Pang also expected the private investments in renewable energy sector in India as foreign direct investment, relieving the Indian government of project financing challenges

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Industrial policy: Govt eyes $1 trn value addition in manufacturing by 2025

The policy envisions to create globally competitive business enterprises which can generate gainful employment and sustainable livelihoods

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Industrial policy: Govt eyes $1 trn value addition in manufacturing by 2025

The policy envisions to create globally competitive business enterprises which can generate gainful employment and sustainable livelihoods

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Sri Lanka presidential poll: Ruling party's Premadasa concedes to Rajapaksa

His statement came as a spokesman for Rajapaksa claimed that the 70-year-old retired lieutenant colonel had won Saturday's vote, before the final results were formally announced

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Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

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Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year

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Research reveals hardly anybody shares fake news on Facebook, Twitter

One study that looked at Twitter activity during the 2016 election concluded that 80% of fake news was shared by just 0.1% of users

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New face of Boeing Jets looks to revive buyers' trust in 737 Max aircraft

His outreach will play a key role in shaping how Boeing emerges from a long nightmare that has shaken confidence in its most important product and disrupted operations for dozens of airlines

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Research reveals hardly anybody shares fake news on Facebook, Twitter

One study that looked at Twitter activity during the 2016 election concluded that 80% of fake news was shared by just 0.1% of users

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'Where is my family?': Leaked files expose how China mass detains Muslims

More than 400 pages of internal Chinese documents provide an unprecedented inside look at the crackdown on ethnic minorities in the Xinjiang region.

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China's industrial policy is wise; refusal by US to adopt them is foolish

Instead of seeking to coerce China into abandoning policies that both sides agree benefit its economy, the US should seek to emulate them

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China's Foton aims to sell 200,000 new energy commercial vehicles by 2025

Foton, which also builds Auman-branded trucks with Daimler, plans to invest 18 billion yuan ($2.6 billion) on research, supply chain and manufacutring facilities

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ISB Young Leaders Programme gains steam, enrollment going up every year

When it was introduced in 2011, the programme constituted 2 per cent of the post-graduate class; today it is almost 10-12 per cent

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Alibaba calls off investor luncheon for Hong Kong share sale amid unrest

The e-commerce company is conducting investor meetings by phone rather than in person for its planned new share sale, citing logistics and safety concerns

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Mumbai only metro where tap water is safe for drinking: Govt report

In the first phase, the BIS had found all the 11 samples drawn from Delhi did not comply with the quality norm and the piped water was not safe for drinking purpose

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Indore Test: India defeat Bangladesh in 3 days by an innings and 130 runs

India declared their first innings at 493 for 6 after bowling out Bangladesh for 150 in the visitor's first essay.

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High fat, low carb Keto diet may improve ability to fight flu: Report

In earlier studies, they had also found that a ketogenic diet blocked formation of inflammasomes.

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High fat, low carb Keto diet may improve ability to fight flu: Report

In earlier studies, they had also found that a ketogenic diet blocked formation of inflammasomes.

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Bill Gates is worth $110 bn, tops Jeff Bezos as world's richest person

Bill Gates may have been helped in part by the Pentagon's decision to award a $10 billion cloud-computing contract to Microsoft.

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Bill Gates is worth $110 bn, tops Jeff Bezos as world's richest person

Bill Gates may have been helped in part by the Pentagon's decision to award a $10 billion cloud-computing contract to Microsoft.

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Q2 FY20 GDP growth likely to dip to 4.9% over sustained slowdown: NCAER

NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging

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Q2 FY20 GDP growth likely to dip to 4.9% over sustained slowdown: NCAER

NCAER said the monetary policy measures are unlikely to revive growth at this juncture and suggested providing fiscal stimulus, which too can be challenging

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Parties, businesses launching newspapers to promote vested interests: VP

Naidu stressed that if a newspaper is run by a political party, it should clearly mention so

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'Support the police!' Pro-China protesters rally amid Hong Kong unrest

Pro-China protesters have gathered before, but in far smaller numbers than those angry at Communist Party rulers in Beijing

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Edible oil refining capacity utilization drops below 50% as imports rise

Small and medium-sized units at risk of complete shutdown as stagnant oilseed production adds to industry's woes

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Titan enters affordable smartwatches with two variants from Sonata brand

Company claims these are the cheapest hybrid smartwatches in the country; will be available at Titan stores and e-commerce websites such as Amazon and Flipkart

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Friday, November 15, 2019

BJP's newfound confidence in forming Maha govt hints at horse trading: Sena

The Sena reached out to the Congress-NCP combine for government formation after its demand for sharing the chief minister's post and equal distribution of portfolios was rejected by the BJP

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Vested interests working against cricket: Rajat Sharma quits as DDCA prez

Sharma had joined cricket administration after receiving active backing from former finance minister late Arun Jaitley.

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Sabarimala temple opens today evening, no police protection for women

The pilgrims would be allowed to climb the 18 holy steps after the padi puja and have darshan.

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US to extend licence for its firms to continue business with Huawei: Report

Trump administration added Huawei to an economic blacklist in May citing national security concerns.

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US to extend licence for its firms to continue business with Huawei: Report

Trump administration added Huawei to an economic blacklist in May citing national security concerns.

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US-China deal could be signed by ministers, not presidents: White House

US official says no precise date has been set for a trade agreement with China.

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Twitter exempts some 'cause-based' messages from political ad ban

Twitter unveils details of its move to bar all paid political messages, starting November 22.

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Twitter exempts some 'cause-based' messages from political ad ban

Twitter unveils details of its move to bar all paid political messages, starting November 22.

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Sri Lanka's family of strongmen seek comeback as presidential vote underway

Gotabhaya Rajapaksa, a a former defence secretary, is running as the candidate for the nationalist Sri Lanka Podujana Peramuna party. He has made national security his key campaign platform.

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Best of BS Opinion: India's policy, politics, air pollution and more

Since the growth has slowed, it is likely that Indian consumers, especially in rural areas, may have had no choice but to cut consumption further

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Omicron has cast a shadow of uncertainty on growth outlook: IndiGo CEO

However, the airline is stronger now when compared to situation in 2020 during the first wave of the pandemic, says Ronojoy Dutta from Com...