Depository of News

Shareholders#39; vote points to quick course correction in Fortis sale: IiAS

#39;Shareholders have signalled what they expect and how the board should now behave. The board has no option but to listen,#39; IiAs said in its report.

Sterlite plant faced three rejections before yes from Tamil Nadu

The Delhi-based Centre for Science and Environment (CSE) claimed on Wednesday that the plant did not get the required permissions from the three states over the ‘potential of creating environmental hazards’

Podcast | IBC Amendment: Homebuyers get a seat at the table

The central government has been pretty keen on the Insolvency and Bankruptcy Code. Many experts and analysts have termed it a game changer.

Vivo X21, featuring in-display fingerprint sensor, set for India launch on May 29; to be available exclusively on Flipkart

On the camera front, the phone features 12MP 5MP dual-rear camera setup with aperture rates of f/1.8 and f/2.4 respectively

Not after volume, but after profitable growth, says Neeraj Kanwar of Apollo Tyres

The Vice Chairman and Managing Director talks about Vision 2020, and his continued focus on the US market, despite the Cooper Tire setback

MSI dominates PV segment in April with seven models in top 10 list

According to the data compiled by the Society of Indian Automobile Manufacturers (SIAM), 22,776 units of Swift were sold in April 2017 as against 23,802 units a year ago.

NCLAT asks Bhushan Power Steel lenders to go ahead with selection of bids

The appellate tribunal also directed the CoC to keep its decision over the bids in a sealed cover and said it would be subject to its final order.

Twitter to partner with Indian law agencies to curb fake news

The microblogging site is taking several steps to ensure authenticity in the run-up to the general elections

IDFC Mutual Fund seeks SEBI nod for ultra short term fund

The open-ended scheme will deploy its entire corpus in debt securities and money market instruments

From farms to homes: Inside online grocery startup BigBasket#39;s warehouse

India#39;s fast-growing young population is opting for online shopping, not just for clothes but also food items, giving online retailers a huge market to tap

Gold likely to consolidate around 31,150-31,300; expect short selling in crude oil

We may see copper come under pressure and drift lower to test support at Rs 462-460 whereas aluminum and Lead may trend higher to test weekly highs.

Windfall oil tax on ONGC in offing to soften fuel prices

Under the scheme, oil producers, who get paid international rates for the oil they produce from domestic fields, would have to part with any revenue they earn from prices crossing USD 70 per barrel mark.

BMW launches updated MINI versions in India

On the other hand, diesel-powered MINI 5-door Cooper D is priced at Rs 35 lakh while the MINI Convertible Cooper S is tagged at Rs 37.10 lakh (all prices ex-showroom).

Tata Motors#39; only race car project among business assets put up for sale

The Mumbai-based company has also written off the working capital of Rs 1,641 crore in some of the vehicle projects which it does not intend to carry into the future.

Podcast | Deep dive — The economics of FIFA World Cup

In this edition of the deep dive, that is what we take a closer look at – the economics of the FIFA World Cup.

Fleet tracking app RoadCast looks to use face detection tech to alert driver when they are drowsy

It is a GPS-based platform that helps users create and share journeys with other people in real-time

Starlite investments failed to pay off as LED killed CFL market: Bajaj Electricals CFO

The company took a one-time hit of Rs 89.36 crore on provisions for its joint venture Starlite Lighting, producing CFL products.

Fortis shareholders overwhelmingly support removal of pro-establishment board directors

The EGM was called by Fortis minority shareholders East Bridge Capital and Jupiter India Fund in April to remove the directors on an allegation that the Board failed to be fair to all shareholders

Tata Motors Q4 consolidated net profit down 50% at Rs 2,176 crore, misses estimates

An average of estimates of 14 analysts polled by Reuters pegged the company#39;s consolidated net profit to come in at Rs 4,041 crore.

Mark Zuckerberg dodges questions on shadow profiles—again

Shadow profiles are Facebook’s automatically created profiles on non-users. Datasets for such profiles are collated by scraping through the information stored in phones and linked accounts of its users

Two bottles of rare 32-year-old whisky sold for Rs 14 crore

The price paid by the bidders makes one millilitre of the whisky worth $1,450

IDFC Mutual Fund seeks SEBI nod for small cap fund

The open-ended equity scheme will invest at least 65 percent of its corpus in equity and equity-related instruments of small cap companies

NYSE#39;s first female President: Stacey Cunningham#39;s journey from an intern to the top boss

Cunningham becomes the second woman to lead a global stock exchange.

HTC accidentally leaks U12 Plus price, specs ahead of May 23 launch

The device will include a 6GB RAM, a Snapdragon 845 processor, 3500mAh battery, 128GB storage, Boomsound audio and IP68 water/dust resistance screen.

Govt should review taxes on petrol, diesel: HPCL chairman

One trigger after another has led to the 10th consecutive day of increase in retail selling price of petrol and diesel, but there is no case for going back on benchmarking domestic rates against international prices, he said.

Tata Steel Vs JSW Steel: A cat-mouse race to the top

Bhushan Steel#39;s annual capacity of 5.6 million tons takes Tata Steel#39;s total volume to 18.6 million tons, around half-a-million tons more than JSW Steel#39;s capacity of 18.1 million tons.

Centre says Air India stake sale could be cancelled if bids are too low

The government expects the disinvestment process to be successful, given that it has fielded close to 160 investor queries on the stake sale so far

Tuticorin factory currently non-operational: Sterlite Copper

Sterlite said the facility has been shut since March 27 when the company took up annual scheduled maintenance.

Axis Mutual Fund starts automatic encashment facility for six schemes

Under the facility, investors can redeem a fixed percentage of net asset value of units on a monthly basis

Bombay High Court asks SGX not to launch new products before June 4: Report

The SGX on Tuesday said they will list new Indian derivatives on their exchange in June, as originally scheduled

Payments providers ask RBI to reconsider data storage rule

RBI had asked all payments services providers in April 2018 to store data in India itself.

LT Construction bags order worth Rs 1,425 cr

The transportation infrastructure business of LT Construction has bagged an order worth Rs 1,425 crore, the engineering and construction major said in a BSE filing.

Tata Motors applies break on Indigo, Indica production?

The then chariman Ratan Tata famously promised customers that the new cars will have the dimensions of a Maruti Zen, the cabin size of an Ambassador and the fuel efficiency of a Maruti 800

UK#39;s Vedanta Resources working with regulators to restart Indian copper smelter

The company also posted a 27 percent rise in full-year core profit to $4.1 billion, driven by stronger commodity prices.

Indian Railways may invest Rs 1,000 crore for 11 new Rail Neer bottling plants

At the moment, IRCTC produces around 6 lakh litres of the branded bottled water a day across its seven bottling plants.

GST enforcers uncover Rs 450 crore fraudulent tax claim nexus

Close to Rs 2500 crore worth of fraudulent claims have been made since the roll-out of the new tax regime in July 2017

Cabinet likely to approve plan to fix minimum selling price for sugar to help farmers

The minimum selling price of the sugar could hover around Rs 30-32 per kg, a source in know of the matter told Moneycontrol.

Sun Pharma gets USFDA nod for prostate cancer drug

In a regulatory filing, Sun Pharma and Churchill Pharmaceuticals, LLC said «one of Sun Pharma#39;s wholly owned subsidiary companies has received approval from the US Food and Drug Administration (USFDA) for YONSA.»

HPCL fourth-quarter profit falls nearly 4%

Net profit was 17.48 billion rupees ($257.04 million) in the three months ended March 31, compared with 18.19 billion rupees a year earlier, the company said on Tuesday.
Contacts | Privacy Policy | Terms of Use
Twitter Facebook Google +