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ISMA again lowers 2018-19 sugar output estimate to 30.7 MT

On exports, the Indian Sugar Mills Association (ISMA) said it could reach 3-3.5 MT in the current marketing year (October-September) against the mandatory quota of 5 million tonne unless the government takes strict action.
Moneycontrol Business News

ISMA again lowers 2018-19 sugar output estimate to 30.7 MT

On exports, the Indian Sugar Mills Association (ISMA) said it could reach 3-3.5 MT in the current marketing year (October-September) against the mandatory quota of 5 million tonne unless the government takes strict action.

Section 29A of IBC may be tweaked to allow bids from promoters, connected person

The changes may relax the #39;connected party#39; clause, and may allow promoters of defaulting companies to bid, but with riders
Moneycontrol Business News

Section 29A of IBC may be tweaked to allow bids from promoters, connected person

The changes may relax the #39;connected party#39; clause, and may allow promoters of defaulting companies to bid, but with riders

Germany has no legal grounds to meddle in Nord Stream 2 project – Berlin official

The German government has no legal basis to interfere in the Nord Stream 2 pipeline construction, Federal Minister for Economic Affairs and Energy Peter Altmaier said as he hit back at critics of the Russian-led gas project. Read Full Article at RT.com
RT Business

Germany has no legal grounds to meddle in Nord Stream 2 project – Berlin official

The German government has no legal basis to interfere in the Nord Stream 2 pipeline construction, Federal Minister for Economic Affairs and Energy Peter Altmaier said as he hit back at critics of the Russian-led gas project. Read Full Article at RT.com

LIC completes the acquisition of 51% controlling stake in IDBI Bank

IDBI Bank Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder. «The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI
Finance

LIC completes the acquisition of 51% controlling stake in IDBI Bank

IDBI Bank Monday said insurance behemoth LIC has completed acquisition of 51 per cent controlling stake in the bank, making it the lender's majority shareholder. «The deal, conceptualised in June 2018, is envisaged as a win-win situation for both IDBI Bank and LIC with an opportunity to create enormous value for shareholders, customers & employees of both entities through mutual synergies,» IDBI Bank said in a BSE filing. In August last year, the Cabinet approved the acquisition of controlling stake by Life Insurance Corporation (LIC) as a promoter in the bank through a combination of preferential allotment and open offer of equity. LIC had been looking to enter the banking space by acquiring a majority stake in IDBI Bank, as the deal is expected to provide business synergies despite the lender's stressed balance sheet. The bank had reported a net loss of Rs 3,602.49 crore during the September quarter of 2018-19. Its gross non-performing assets hit 31.78 per cent (Rs 60,875.49 ...

Huge backlog could trigger new wave of shale oil

The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. Read Full Article at RT.com
RT Business

Huge backlog could trigger new wave of shale oil

The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. Read Full Article at RT.com

World wants India as counter-balance to China amid global economic woes: SpiceJet CEO

Ajay Singh asserted that India has a unique advantage of having a consensus on economic policies and would continue on its strong growth path irrespective of which government is in power.
Moneycontrol Business News

World wants India as counter-balance to China amid global economic woes: SpiceJet CEO

Ajay Singh asserted that India has a unique advantage of having a consensus on economic policies and would continue on its strong growth path irrespective of which government is in power.

Quick Take | US earnings broadly in line with long term trends; tariffs currency key factors to watch

Projected earnings growth for Q4 CY18 has softened a bit from the start of the year (10.6 percent versus 12.2 percent YoY). While improvement is seen in industrials; financials, IT, materials and energy sectors have seen downward revisions. For CY19, analyst
Moneycontrol Business News

Quick Take | US earnings broadly in line with long term trends; tariffs currency key factors to watch

Projected earnings growth for Q4 CY18 has softened a bit from the start of the year (10.6 percent versus 12.2 percent YoY). While improvement is seen in industrials; financials, IT, materials and energy sectors have seen downward revisions. For CY19, analysts are projecting single-digit earnings growth of 6.5 percent and revenue growth of 5.3 percent as benefits of fiscal stimulus fade away

ICICI Securities hits new low; falls 19% in one week on weak Q3 results

The stock was down for the fifth straight trading day, at Rs 223, down 2 per cent on Monday, its lowest level since listing on April 4, 2018.
Markets

ICICI Securities hits new low; falls 19% in one week on weak Q3 results

The stock was down for the fifth straight trading day, at Rs 223, down 2 per cent on Monday, its lowest level since listing on April 4, 2018.

Crude oil futures gain 1.06% on global cues

At the Multi Commodity Exchange, crude oil for delivery in February was trading higher by Rs 41, or 1.06 per cent, at Rs 3,895 per barrel with a business turnover of 5,708 lots.
Moneycontrol Business News

Crude oil futures gain 1.06% on global cues

At the Multi Commodity Exchange, crude oil for delivery in February was trading higher by Rs 41, or 1.06 per cent, at Rs 3,895 per barrel with a business turnover of 5,708 lots.

Copper futures slide 0.13% on low demand

At the Multi Commodity Exchange, copper for delivery in February declined by 55 paise, or 0.13 per cent, to Rs 428.80 per kg in business turnover of 2,973 lots.
Moneycontrol Business News

Copper futures slide 0.13% on low demand

At the Multi Commodity Exchange, copper for delivery in February declined by 55 paise, or 0.13 per cent, to Rs 428.80 per kg in business turnover of 2,973 lots.

Lead futures rise 0.63% as demand picks up

At the Multi Commodity Exchange, lead for delivery in January month edged up by 90 paise, or 0.63 per cent, to Rs 142.75 per kg in business turnover of 603 lots.
Moneycontrol Business News

Lead futures rise 0.63% as demand picks up

At the Multi Commodity Exchange, lead for delivery in January month edged up by 90 paise, or 0.63 per cent, to Rs 142.75 per kg in business turnover of 603 lots.

Yamaha India launches FZ-FI, FZS-FI bikes priced up to Rs 97,000

The two new products FZ-FI and FZS-FI equipped with advanced braking system, anti-lock braking system (ABS), are powered by 149 cc 4-stroke, single-cylinder engines.
Moneycontrol Business News

Yamaha India launches FZ-FI, FZS-FI bikes priced up to Rs 97,000

The two new products FZ-FI and FZS-FI equipped with advanced braking system, anti-lock braking system (ABS), are powered by 149 cc 4-stroke, single-cylinder engines.

Goldman Sachs expects RBI to cut rates by a quarter percentage point in Feb

The Wall Street bank said lower inflation projections, and expectations of a slower pace of US policy rate hikes prompted it to shift its call from a previous forecast of no change in February
Finance

Goldman Sachs expects RBI to cut rates by a quarter percentage point in Feb

The Wall Street bank said lower inflation projections, and expectations of a slower pace of US policy rate hikes prompted it to shift its call from a previous forecast of no change in February

ITI surges 10% on purchase order of Rs 1,011 crores from GFGNL

The stock surged 10 per cent to Rs 115 on the BSE in early morning trade after the company announced it has received order worth of Rs 1,011 crore from Gujarat Fibre Grid Network Limited.
Markets

ITI surges 10% on purchase order of Rs 1,011 crores from GFGNL

The stock surged 10 per cent to Rs 115 on the BSE in early morning trade after the company announced it has received order worth of Rs 1,011 crore from Gujarat Fibre Grid Network Limited.

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