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Showing posts with the label Moneycontrol Business News

Here’s why Bajaj Auto doesn#39;t mind selling a motorcycle model at a loss

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Bajaj cut prices of the CT100 by a whopping Rs 3,000-3,500, making it the cheapest two-wheeler in the country. from Moneycontrol Business News https://www.moneycontrol.com/news/business/here’sbajaj-auto-doesn39t-mind-sellingmotorcycle-model-atloss_10922141.html

Bharat Forge Q4 profit halves to Rs 100 crore, misses Street estimates

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The dent in profitability was primarily because of a one-time loss due to impairment of an investment in subsidiary Bharat Forge Infrastructure. from Moneycontrol Business News https://ift.tt/2GFuK2G

NewsDog raises $ 50 mn in funding led by Tencent

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NewsDog said it will use the funding to solidify its position in the Indian digital content market. from Moneycontrol Business News https://ift.tt/2IZP1Fg

Dr Reddy#39;s Q4 preview: Profit to grow marginally on-year even as US pricing headwinds remain

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A Reuters poll of analysts estimates an increase in net profit to Rs 358.8 crore. from Moneycontrol Business News https://ift.tt/2x7Vucq

Suven Life gets product patents from New Zealand, Norway

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These patents are valid till 2034 and 2027, respectively, the company said in a BSE filing. from Moneycontrol Business News https://ift.tt/2s0iRQc

ONGC, OIL face risk of subsidy sharing: Moody#39;s

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Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) had for more than 13 years paid as much as 40 percent of the under-recoveries arising from fuel retailers selling petrol, diesel, cooking gas (LPG) and kerosene at a government-mandated price, which was way below the cost. This subsidy sharing ended in June 2015 with global oil prices plummeting. from Moneycontrol Business News https://ift.tt/2IC4OH2

Mega merger of PSU general insurers stuck in first step

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The three companies, National Insurance, United India and Oriental Insurance, have been unable to reach a consensus on the appointment of a consultant from Moneycontrol Business News https://ift.tt/2s2v7in

SGX to list Indian derivatives in June despite NSE#39;s legal challenge

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The Singapore-based exchange also said that it has communicated to NSE that India needs to maintain liquidity in its offshore equity derivatives market. from Moneycontrol Business News https://ift.tt/2kc5Q1M

SoftBank agrees to sell 21% stake in Flipkart to Walmart

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The decision ends weeks of uncertainty created after SoftBank said it was still undecided on the stake sale. from Moneycontrol Business News https://ift.tt/2IDEn7W

Fuel prices touch fresh record highs, rise 9 days in a row

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The government has raised fuel prices for the ninth day on the trot post the Karnataka elections from Moneycontrol Business News https://ift.tt/2s20RV7

Vishal Sikka, 4 others received crores in salaries at Infosys in FY18

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According to the software company#39;s annual report, Vishal Sikka received Rs 13 crore as salary in fiscal 2018. from Moneycontrol Business News https://ift.tt/2s0QHUw

LT Construction bags orders worth Rs 4,033 crore

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LT said the company has secured an order from a government client for the design and construction of 1,125 residential towers of G 3 floors in Visakhapatnam, Prakasam, Guntur and Krishna districts in Andhra Pradesh. from Moneycontrol Business News https://ift.tt/2Lgljdr

Glenmark Pharma submits drug application with USFDA for Ryaltris

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"The company has submitted a new drug application (NDA) to the US Food Drug Administration (USFDA) for... respiratory pipeline candidate Ryaltris, an investigational fixed-dose combination nasal spray of an antihistamine and a steroid," Glenmark Pharmaceuticals said in a BSE filing. from Moneycontrol Business News https://ift.tt/2x7n6ie

UAE announces 10-year visa plan for specialists, Indians to benefit

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The changes, expected to take effect by the end of this year, will also allow foreign firms to own 100 percent of their business. from Moneycontrol Business News https://ift.tt/2IAu6cK

Infibeam acquires Vavian International for AED 4.32 mn

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"...Infibeam Global EMEA FZ-LLC, has acquired 100 per cent shareholding of Vavian International Ltd, one of the fast growing digital payment processing company in Middle East region, for AED 4.32 million," Infibeam said in a statement. from Moneycontrol Business News https://ift.tt/2s2e6VI

FinMin asks BBB to shortlist Allahabad Bank CEO, MD

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Once BBB shortlists the applicants, the Appointments Committee of the Cabinet (ACC) will finalise the candidate. from Moneycontrol Business News https://ift.tt/2IXOFPp

Samsung bolsters smartphone portfolio in Rs 10-25K category

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The four handsets, Galaxy J6, Galaxy J8, Galaxy A6 and Galaxy A6 , are priced between Rs 13,990 and Rs 25,990 and will be available across both online and offline retail channels. from Moneycontrol Business News https://ift.tt/2IXO2W8

PNB fraud: ED attaches over Rs 171-cr assets of Nirav Modi

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The central probe agency here said it issued a provisional order under the Prevention of Money Laundering Act (PMLA), attaching four commercial premises -- with the market value of Rs 72.87 crore -- in Mumbai and Surat, 106 bank accounts holding Rs 55.12 crore of deposits, 15 demat accounts containing Rs 35.86 crore, and 11 cars valued Rs 4.01 crore. from Moneycontrol Business News https://ift.tt/2LiN5WZ

Rising crude: Consumers brace for price impact across categories

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If fuel costs keep inching up, consumers may end up paying more for almost everything – from TVs and cars to even medicines. from Moneycontrol Business News https://ift.tt/2wYNyuf

Cancellation of contracts may come with 18% GST rider

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Companies that deal with infrastructure and mining projects are wary of the new judgement. from Moneycontrol Business News https://ift.tt/2x1pN4A