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.
Board Meetings Today: SpiceJet, IRCTC, BHEL, ABB and Muthoot Finance
Muthoot Finance, HUDCO, NIA and Cadila Healthcare will be among firms that will disclose quarterly results on Wednesday.
Better-run banks will get bigger share of deposits
But now, banks penalise a deposit holder for walking into the branch.
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.
Electronics companies run into entry-level pileup
While premium products like large screen televisions, frostfree refrigerators and fully automatic washing machines did sell in cities and large towns driven by plethora of consumer finance options and price cuts — sales of entry-level products which constitute the belly of the market — were a washout, several manufacturers said.
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.
Just 3 companies show up for NHAI's toll-operate-transfer-3 auctions
NHAI had in June this year invited bids for the third bundle of toll-operate-transfer auctions, looking to raise a minimum of Rs 4,995 crore. While the names of the companies that have submitted bids due on Monday are not yet known, officials said leading infrastructure players such as Adani, Cube Highways, IRB Infrastructure and L&T could be among the bidders.
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.
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.
Stop predatory pricing: Piyush Goyal tells ecommerce companies
Commerce & industry minister warns of strict action if online marketplaces don’t comply with rules.
US: Company sold Chinese-made security, surveillance equipment to military
Authorities have charged a U.S. company with illegally selling Chinese-made security and surveillance equipment to the American military and...
RBI’s panel suggests measures to strengthen core investment companies
The working group recommended capital contribution by CIC in a step down CIC, over and above 10%, should be deducted from its net worth.
IL&FS gets creditors' approval for sale of education biz
Schoolnet India Ltd (erstwhile IL&FS Education & Technology Service Ltd) would be sold to CPPPL.
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