FE Bureau

Articles By FE Bureau

21385 Articles

Drones are coming: Maharashtra govt ties up with Zipline to deliver medicines

It is part of the state government’s vision of using drone delivery to establish universal, seven-days-a-week access to life-saving and critical medicines for each of its 120 million citizens over the coming years.

Industry News

AHEL to seek shareholders’ nod to hive off pharmacy business

In November 2018, Apollo Hospitals had said, to capitalise on the huge growth opportunity and to give greater focus, it had decided to restructure its pharmacy business.

AHEL, pharmacy business, Apollo Hospitals Enterprise, National Company Law Tribunal, equity shareholders, Apollo Hospitals, pharmacy business News

Mutual Funds remain cautious over NBFC debt instruments

In August last year, mutual funds had invested around Rs 2.48 lakh crore in both CPs and corporate debt issued by NBFCs. Debt funds had an overall exposure of 13.6% towards NBFC debt in August 2019, as against 16.86% in Augus

Mutual Funds, NBFC, NBFC debt instruments, debt instruments, corporate debt News

Vegetable oil imports rise 5 pct in August

In response to a petition filed by the SEA, the government imposed 5% safeguard duty on RBD Palmolein/Palm Oil of Malaysian origin wth effect from September 4, 2019.

Vegetable oil, Vegetable oil imports, non-edible oils, Solvent Extractors’ Association of India, India-Malaysia CECA agreement, market news

Altico lenders meet to discuss signing of inter-creditors agreement

The meeting of the consortium of lenders follows Altico Capital's interest payment default to the tune of Rs 19.97 crore on a Rs 340-crore external commercial borrowing by Mashreq Bank on September 12.

Altico lenders, inter-creditors agreement, non-banking finance company, Alvarez, Marsal, Mashreq Bank News

Relative weightage of India in MSCI Emerging Market Index may reduce: Arindam Chanda, CEO, IIFL Securities

The credit growth is decelerating across private banks and NBFCs and rate cuts are yet to have an impact.

Relative weightage, MSCI, Emerging Market Index, Arindam Chanda, IIFL Securities News

Crude shock: Shares of oil marketing companies fall up to 7.04 pct

Shares of Bharat Petroleum Corporation was the worst performing stock in the BSE Oil & Gas index and closed at Rs 380.10, down by 7.04% or Rs 28.80.

Crude shock, Crude oil, Crude oil price, oil marketing, oil marketing companies, global oil prices News

Rupee tumbles 67 paise as crude oil prices soar

Oil prices are important as India imports more than 80% of its oil and around two-thirds of that come from the Middle East, according to the Bloomberg data.

Rupee, Rupee value, crude oil, crude oil price, trading sessions, oil facilities, economy news

One step closer: Talks with online food aggregators progressing well, says NRAI

Last month, NRAI had shot off letters to food delivery platforms Swiggy, Zomato, Uber Eats and Foodpanda expressing concern over “predatory market practices” resorted to by them.

online food, online food aggregator, NRAI, Swiggy, Zomato, delivery verticals News

Symbo launches fitness cover for football enthusiasts

Symbo has also partnered with artificial playgrounds such as Kick (A Team Sports) and Score, as well as aggregators such as Playo where the covers will be available soon.

Symbo, Symbo fitness, football, football enthusiasts, insurance broking company, artificial playgrounds News

Investcorp to buy ticketing software solutions provider Vivaticket

Earlier this year, Investcorp had acquired the private equity and real estate investment management businesses of IDFC Alternatives, which was a subsidiary of IDFC.

Investcorp, Vivaticket, software solutions, investments manager, acquisition adds News

IL&FS: Government challenges stay on BSR & Associates in SC

Due to the stay, the NCLT on September 5 adjourned the hearing on the ministry's petition seeking a five-year ban on former IL&FS auditors, including Deloitte Haskin & Sells.

IL&FS, supreme Court, supreme Court of india, BSR & Associates, corporate affairs, Bombay High Court News

General Motors to transfer 1,300 staff to TCS for global vehicle engineering programme

Over 1,300 employees of GMTC-I will move to TCS, including teams focused on propulsion systems, vehicle engineering, controls development, testing, creative design and special projects.

General Motors, YCS, global vehicle, global vehicle engineering programme, Tata Consultancy Services News

Electric vehicles: Tamil Nadu seeks first-mover advantage with new policy

Companies which invest a minimum of Rs 50 crore in the EV space and provide direct employment to a minimum of 50 people will get 100% refund of SGST till 2030, provided they make and sell electric vehicles in the state.

Tamil Nadu, electric vehicle, electric vehicle policy, Electric Vehicle Policy 2019, Edappadi K Palaniswami News

Electronics Manufacturing: Ravi Shankar Prasad sets up task force to facilitate investments

To this effect, Prasad instructed his ministry to set up an institutionalised mechanism in the form of a task force that would regularly interact with the industry, take their suggestions and address concerns.

Electronics, Electronics Manufacturing, Ravi Shankar Prasad, investments, global turbulence News

Bhushan Power: NCLAT declines to pass order on JSW Steel’s plea

hile the deadline of October 5 for implementing the plan still stands, the appellate tribunal said it may dispose of JSW Steel’s appeal in the next hearing slated on October 14, 2019.

Bhushan Power, NCLAT, JSW Steel, NCLAT declines, Bhushan Power and Steel News

Trade wars: Modi, Trump may soon clinch a deal

“We are in dialogues with the US on a number of issues and as we firm up the specifics, we will inform you once the Prime Minister (Narendra Modi) and the US President sit down and finalise...We have an open mind and with a

trade deal, India, US, India US trade deal, Piyush Goyal, Narendra Modi News

Renewable Power Projects: Clear energy dues, MNRE tells states

At July-end, combined dues of discoms to 26,725 MW of renewable energy projects, which submitted the relevant data to the Central Electricity Authority, was Rs 9,736 crore.

Renewable Power, Renewable Power projects, energy dues, MNRE, electricity distribution News

CAT 2019: Tutorials to understand format will be available on the site from October 16

The tutorials to understand the format of the test will be available on the CAT website from October 16, 2019, onwards.

CAT 2019, Indian Institutes of Management, IIM Kozhikode, Common Admission Test, Common Admission Test 2019, Shubhasis Dey, News

In The News

Netflix’s partnership with Karan Johar's Dharmatic Entertainment is for creating fiction and non-fiction series and films.

Leo Burnett, airtel, Bharti Airtel, Nirvik Singh, grey, Grey Group, Netflix, Dharmatic Entertainment News

Usha Martin’s Prashant Jhawar resigns

“I have been raising red flags for a while now, and all of my warnings have fallen on deaf ears,” Prashant Jhawar said in his letter.

Usha Martin, Prashant Jhawar, Prashant Jhawar resigns, Prashant Jhawar resignation, board of directors News

PNB, UBI, OBC merger: Six months needed for HR and IT integration

An “Interactive Meet” was organised here on Saturday with the Kolkata-based field functionaries of UBI, PNB & OBC. Customers of the three banks also attended the meet.

PNB, UBI, OBC, bank merger, IT integration, HR integration, Punjab National Bank, Oriental Bank of Commerce, United Bank of India News

Growth is a continuous process…if some are hurt, govt will find a solution: Mahendra Nath Pandey

Growth is a continuous process. Sometimes taking more money and sometimes taking less from the Reserve Bank of India (RBI)... it’s a process, says Mahendra Nath Pandey.

Mahendra Nath Pandey, economic slowdown, employment, skill development, entrepreneurship News

Existing export policy to be replaced with Rs 50,000 cr scheme, all you need to know

The existing remission of central and state levies scheme, meant for just garments and made-ups exports, will also be subsumed by the new scheme called Remission of Duties and Taxes on Export Product.

export policy, Existing export policy, MEIS, Merchandise Exports, state levies scheme, economy news

Good news for homebuyers! Stuck housing projects to get Rs 10,000-crore lift

The new fund will have an NIIF-like structure where the government will contribute half of the corpus and other investors, including foreign ones and domestic financial institutions like LIC, will do the rest.

homebuyers, housing projects, real estate sector, Nirmala Sitharaman, economic growth, middle-income housing projects News

Haryana wants IL&FS entities to run Gurgaon Rapid Metro till early December

Huda sought direction from the court to the subsidiaries that their 90 day period should start from September 6 instead, when the handover plan was approved.

Haryana, IL&FS, Gurgaon Metro, Haryana Urban Development Authority , Rapid MetroRail Gurgaon, Rapid MetroRail Gurgaon South News

Altico downgrade: MFs to create segragated portfolio

The data from Value Research show that mutual funds have an exposure of Rs 537.67 crore in Altico Capital India as of August 2019.

Altico downgrade, UTI Mutual Fund, UTI Credit Risk Fund, Altico Capital India, mutual funds News