India woos Japanese medical device companies
Price curbs imposed on medical devices have irked US companies and become a key trade issue between Washington and New Delhi. Even as the US is sparring with India over this, the focus is now on fast-tracking investments from other countries, especially Japan, said people who are part of the discussions in the government.
Diwali gives struggling auto companies reason to cheer
Retail sales of passenger vehicles improved 13.9% in October over the preceding year, while two-wheeler sales improved 8.9%, vehicle registration data from road transport and highways ministry's VAHAN dashboard showed.
CESC drops plans to separate distribution and generation biz
In the filing, CESC said that in continuation of its intimation dated 12 October 2018, informing shareholders that the scheme was made effective from 1 October 2017, except demerger of the generation undertaking of the company into Haldia Energy Ltd, a wholly-owned CESC subsidiary.
Share market update: Auto shares in the red; Tata Motors down 3%
The Nifty Auto index was trading 0.21 per cent down at 8133.30 around 09:46 am.
CII against proposal to lower companies welfare officer hiring threshold
Provisions in the proposed Occupational Safety, Health and Working Conditions Code, 2019 (OSH Code) will make it mandatory for firms employing more than 250 people to have welfare officers, against the current threshold of 500.
CLSA initiates coverage on Abbott India with buy rating
Shares of Abbott India ended up 0.75 per cent at Rs 11,763 on Wednesday.
UK firms upbeat about doing business in India: Report
With Brexit on the agenda of UK companies, 26 per cent said that they planned to do more business with India as a direct result of the UK leaving the EU. This will be a further boost to the flow of goods, services and investment between the two countries, the UK India Business Council (UKIBC) said.
China's economy shows further signs of weakness
The readings are the latest to give a headache to leaders in Beijing, who are battling the tariffs row with the US as well as a weak global outlook, while trying to control a debt mountain at home. Retail sales, a key gauge of spending, grew 7.2 per cent on-year last month, down 0.6 percentage points from September and short of expectations.
India to invite foreign firms to invest in state-owned oil companies
International energy firms will be invited to participate in India's privatisation of state-owned oil companies.
Q2 report cards show better profit than expected, stem earnings downgrades
Corporate report cards have largely managed to beat Dalal Street’s expectations on the profitability front.
Union Mutual Fund launches Union Large & Midcap Fund
The scheme will predominantly invest in equity and equity related instruments of large and mid cap companies. The fund house said that the new scheme will be managed by following an active management strategy coupled with tactical allocation.
CG Power to put its Worli head office up for sale
The company, which is dealing with muted cash flows and huge debt, will monetise assets like head office building ‘CG House’ and is also working with lenders to resolve its debt issues after nine of its fourteen lenders, constituting 88% of total outstanding credit facilities of the company by value, signed an Inter Creditor Agreement (ICA).
US-based Dole Foods eyes Indian market through tie-up with Future Group
The US agri-multinational hopes to capitalise on the increasing demand for healthy and preservative-free fruits and fruit derivatives, it said, estimating the market size at $100 billion in the country.
NCLAT asks Sebi to file reply on revised share delisting norms for cos under insolvency
The appellate tribunal has directed to list the matter on November 18 for orders.
Futuristic architecture, integrated capabilities: Hyundai's new hydrogen-powered truck ensures zero carbon emission
Fuel cells are the ‘perfect fit’ for commercial heavy-duty trucks, according to the company.
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