MG Motor looks 'beyond tokenism' in EV play; eyes selling 2-3k units of ZS EV electric SUV in India
The MG ZS EV, to be unveiled next month, will go head to head with Hyundai Kona, launched in July this year as the country's first fully electric SUV. Companies are dipping their toes into the nascent electric car market amid a concerted effort by the government to spur adoption of environment-friendly vehicles.
Share market update: Nifty Financial Services index up; Indiabulls Ventures jumps 5%
The Nifty Financial Services index was trading 0.17 per cent up at 13,892.80 around 11:58 am.
Government wants ecommerce companies to make kiranas part of their growth story
This comes against the backdrop of groups such as CAIT and AIMRA complaining to the govt about online deep discounting and alleging that ecommerce marketplaces violated FDI norms during the festive season. The govt wants to address the concerns of small retailers over online discounting and see how both sides can work together to their mutual benefit.
AGR ruling may hit any company with telecom licence
SC order on the definition of adjusted gross revenue may not only impact telecom companies but it can also have an impact on any entity that has taken telecom service licence, such as internet service providers, satellite communications providers, cable operators, said legal experts and industry executives, making them liable to pay AGR-based dues.
JSW Steel output falls 13 per cent to 12.54 LT in October
The company had produced 14.47 LT crude steel in October 2018, it said in a BSE filing. During the month, the production of flat rolled products fell 3 per cent to 9.77 LT as against 10.11 LT in October 2018, it added. The company registered 25 per cent fall in production of its long rolled products at 2.58 LT as compared to the year-ago month when it stood at 3.46 LT, it said.
Share market update: Auto shares in the red; Ashok Leyland dips 3%
The Nifty Auto index was trading flat at 8169.70 around 09:44 am.
WhatsApp row: Company that backed Israeli cyber technology company NSO Group has an 'India connection'
WhatsApp lawsuit reveals how private equity firms play key roles in the growth of surveillance tech companies. NSO cofounders did a classic management buyout of the company from San Francisco-based PE firm Francisco Partners. Francisco Partners was co-founded in 1999 by former TPG Capital principal Dipanjan ‘DJ’ Deb along with David Stanton, another senior TPG executive.
NCLT extends time for Ind-Barath’s insolvency process
At the meeting of the committee of creditors (CoC) held on October 14, the lenders had decided to go ahead with the resolution plan submitted by the Sajjan Jindal-controlled JSW Group entity a week after Vedanta decided to pull out. On October 6, Vedanta had announced its decision to withdraw its resolution plan.
MSCI may axe debt-laden Indian companies from its indices
Debt-burdened companies could get kicked out of MSCI Inc.’s benchmark index later this week.
JP Morgan building client banking team with eye on mid-sized companies
These executives have years of experience at foreign banks.
Hitesh Dhingra has 8-9 blazers in his wardrobe, finds it odd to pair sneakers with suit
The Man Company founder believes pocket squares elevate the suit game.
GSK consumer MD to head residual business post HUL deal completion
The unlisted entity has brands like Sensodyne toothpaste, Crocin analgesic and Iodex pain balm. The majority of GSK Consumer’s India portfolio, comprising the health drinks, comes under the listed entity and this will now move to Hindustan Unilever.
Free cash flow at big companies at 6-year low; capex major reason
The sample companies undertook Rs 4 lakh crore worth of capital expenditure in FY19.
Non-personal data panel pings ecommerce companies Amazon, Flipkart for talks
Ride-hailing companies Uber and Ola made presentations before the committee headed by Infosys cofounder Kris Gopalakrishnan a few weeks ago. The panel also met several health and health-tech companies. The committee has sent a list of questions to Amazon, Flipkart and other ecommerce companies, and it expects answers to these during next week’s meeting.
Bank fraud: ED attaches over Rs 56 cr assets of Ahmedabad company
An Ahmedabad-based company's assets worth over Rs 56 crore have been attached in connection with a bank fraud and money laundering case, the Enforcement Directorate
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