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China, US agree on text of phase one trade deal to end trade war: Chinese official media

China and the US have been locked in a longstanding trade war that has threatened to roil the global economy.

NPPA hikes ceiling prices of 21 formulations by 50%

Most of these drugs are used as first line of treatment and are crucial to the public health program of the country. Many companies have applied for discontinuation of the product on account of unviability.

Six coal mines under allotment process: Govt

The ministry had started allotment process for 15 coal mines for various specified end-use such as in power and iron steel sectors.

Yes Bank expects third quarter to remain subdued, sees some improvement in revenue in Q4

Yes Bank had posted a consolidated net loss of Rs 629.1 crore for the September 2019 quarter due to a spurt in bad loans.

Betting big on its upcoming facility in Gujarat, Ascent Meditech sets ambitious revenue target

Rajiv Mistry, Founder and Managing Director of Ascent Meditech, said the company purchased 12 acres of land in South Gujarat to set up the new facility.

RBI Central Board discusses functioning of co-operative banks

The Central Board headed by RBI Governor Shaktikanta Das also discussed the current economic situation, as well as the domestic and global challenges facing the country, the central bank said in a release.

Variable pay to eat up 50-55% of India Inc salaries from 2020

A rise in variable pay directly means that the yearly in-hand compensation could be much lower.

Wall Street flat with all eyes on China news briefing

Wall Street opened lower after President Donald Trump said a report about a trade deal with China was completely wrong, dashing hopes that the two sides would arrive at an agreement in time to avoid new tariffs scheduled for Sunday.

Restaurants may hike prices if onion remains costlier: AHAR

Onion prices had touched Rs 160-170 per kg in local vegetable markets across Mumbai and its suburbs over the last week.

Forex reserves soar $2.3 bn to touch all-time high of $453 bn

In the reporting week, the rise in reserves was mainly on account of an increase in foreign currency assets, a major component of the overall reserves, which surged by $1.891 billion to $421.258 billion, according to the data.

CCI approves stake buy in SBI General Insurance by Napean Opportunities, Honey Wheat

The transaction involves acquisition of 16.01 per cent paid-up share capital of SBI General Insurance by Napean Opportunities and 9.99 per cent by Honey Wheat Investment Ltd, the CCI said in two separate statements.

A look at top equity schemes that saw highest inflows

In terms of outflows, Franklin India Bluechip Fund saw most outflows in 2019 until October-end.

NCL aims coal production of 115 MT by FY24, to stop road evacuation

The Coal India subsidiary with the highest growth of 9 per cent transports 17 million tonnes of coal per annum by trucks.

Exports contract marginally to $25.98 bn in November

The exports in November last year were $26.07 billion, while the import bill stood at $43.66 billion.

Gold slips Rs 103 to Rs 37,827 per 10 gram, down 0.91% for the week

The precious metal came in further pressure after US President Donald Trump’s comment that trade deal with China is very close lifted investor appetite for riskier assets.

Corp Affairs Ministry reviews ILFS resolution progress

After the crisis at diversified ILFS came to light last year, the ministry had superseded its board and since then various measures have been taken to address the issues as well as repay outstanding dues of the group.

AU Small Fin Bank raises Rs 525 cr from Temasek arm Camas Investments Pte

Temasek has invested the money through the conversion of its 1.01 crore warrants.

Moneycontrol Ultimate Business Quiz #76: Test your knowledge

Take a shot at the Moneycontrol Ultimate Business Quiz. Check how many you get right.

Rupee pares gains to close flat at 70.83 against USD on crude price surge

The rupee opened strong at 70.54 and surged further by 33 paise to touch the day#39;s high of 70.50 to the US dollar, mirroring sharp gains in the stock markets.

Buzz everywhere, other than in my office: FM Nirmala Sitharaman on GST rate increase reports

Sitharaman addressed a press conference to enumerate on measures introduced during the Parliament#39;s winter session and progress on the economic steps taken so far

RIL arm acquires 51.78% stake in Asteria Aerospace for Rs 23.12 cr

The investment will further enable the group#39;s initiatives in emerging technology, it added.

I-T Dept issues tax refunds of Rs 1.57 lakh cr till November: Revenue Secy

At a press conference called to disclose impact of steps taken to boost consumption in the economy so as to uplift growth from a six-year low, Pandey said tax refund cases have gone up by 17 per cent to 2.16 crore.

Oil hits three-month high as trade hopes, UK election lift sentiment

US sources said on December 13 that Washington has set its terms for a trade deal with Beijing, offering to suspend some tariffs on goods and cut others in exchange for Chinese purchases of more American farm goods.

In-Depth | When onion made India cry: How onion price rise affects politics, business and the common man

Onion – an ordinary vegetable – is a crucial political commodity given its long-standing history of overturning governments in India.

Simplex Infra#39;s rating downgrade dents NAV of HDFC Credit Risk Fund by 30 bps - Is there more pain in the offing?

HDFC Credit Risk Debt Fund had an exposure of Rs 124.11 crore to the secured non-convertible debentures (NCDs) issued by Simplex Infrastructures

TCS share price up 2.43% after Shapoorji Pallonji Group sells more shares in open market: Report

The move is part of SP’s asset monetisation plan to deal with its Rs 30,000 crore debt.

India#39;s largest security firm SIS is aiming for global dominance

Along with security solutions, SIS is gunning for pole positions in facilities management and cash management businesses too. None, globally, has done this

Budget 2020 likely to be presented on February 1: Report

February 1 is a Saturday and usually the Budget is never presented on that day, but in 2015 the National Democratic Alliance government had broken with this tradition

GIC Housing garners Rs 200cr via commercial paper issuance

The company has allotted commercial papers worth Rs 200 crore on December 12, 2019 at a rate of 5.36 per cent for 56 days to ICICI Mutual Fund, it said in a regulatory filing.

NHFC crisis poses more bad loan risks for banks: Report

The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks#39; asset quality, profitability and capital, which is credit negative, says a report by Moody#39;s on Friday.

Centre may raise FPIs investment limit in govt bonds to 10%: Report

Entry into the global bond market would amplify investment inflows for India by as much as $50-125 billion

SoftBank-backed Paytm raises $660 million

The board of One 97 Communications Ltd will allot about 2.6 million shares to the investors, financial data accessed by business intelligence platform Tofler dated December 12 showed.

Ujjivan’s stellar listing: What next for investors and those who missed the bus?

Existing investors should build up positions on every decline and new investors should also gradually add Ujjivan Bank with an eye on the long term.

Maruti to add BS-VI diesel variants of Ciaz, Ertiga, S Cross, Vitara Brezza: Report

Maruti feels it will lose a sizeable market share if it vacates this space to rivals

Maruti to add diesel variants of Ciaz, Ertiga, S Cross, Vitara Brezza: Report

Maruti feels it will lose a sizeable market share if it vacates this space to rivals

Yes Bank seeks SEBI exemption for its Rs 2,000cr QIP in Jan: Report

As per SEBI guidelines, there should be a gap at least six months before a company can raise a second QIP. The bank had earlier raised Rs 1,930 crore via a QIP in August

IFIN statutory audit: NFRA says Deloitte Haskins failed to comply with auditing standards

Issuing its first Audit Quality Review (AQR) report, the watchdog has concluded that quality control system and processes of Deloitte Haskins and Sells LLP (DHS) are «severely inadequate and ineffective», according to an official release.

Recap 2019 | 10 CEOs who fell from grace this year

Here are some of the top corporate honchos who fell from grace due to their conduct— either personal or professional— this year

Recap 2019 | Best performing IPOs of the year

A look at the top 10 initial public offerings (IPO) in terms of returns through the year.
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