FE Bureau

Tata Motors drives in Intra to strengthen position in SCV

The manufacturing activities should grow fast to ensure that demand is picking up. The company is looking at launching new products/variants in the first half to spur the demand.

Industry News

IndusInd Bank Q4 net dips 62% as provisions swell

According to prudential norms of the Reserve Bank of India, if an account is classified as an NPA in a given year, the interest earned of the account has to be reversed. The lender's net interest margin (NIM) fell by 24 basis

Markets News

Infinix S4: Worthy buy in sub-10k segment

An attractive device with 32MP selfie-camera and triple camera with 120-degree wide angle lens.

Industry News

UBON SP-45: Style meets great sound

The SP-45 wireless speaker packs good audio clarity combined with strong bass output.

Industry News

81% of Indian firms plan to divest in next 2 years: EY report

About 63% respondents said their last divestment was driven by a need to streamline their operating model, with 86% adding that it will continue to be a key factor in their divestment plans over the next 12 months.

Indian firms,  India Divestment Study 2019, divestments in India, macroeconomic  News

TPG Growth to sell CTSI to Varian for $283 million

TPG said in a release that when CTSI was first acquired by TPG Growth, it operated one facility in Hyderabad.

TPG Growth, CTSI, Varian, Asia Healthcare Holdings, Nova Fertility News

Maharashtra declares Vedanta as preferred bidder for 2 copper blocks

These copper blocks namely Thanewasna and Dubarpeth cover 768.62 hectares and 816.29 hectares, respectively, in Chandrapur district, Maharashtra.

Maharashtra, Vedanta, copper blocks, Vedanta Ltd,  e-auction of copper blocks, Thanewasna, Dubarpeth News

IL&FS board begins claims management for 70 group firms as part of resolution plan

Operational and financial creditors of the 70 companies have been invited to submit their claims with respect to liabilities up to October 15, 2018.

IL&FS board, Grant Thornton, IL&FS Group, Kotak Mahindra Bank, NCLAT, Uday Kotak News

GMR Group to set up business park in Hyderabad

“The first tower is already leased out to four vendors. The second tower across 2.4 lakh sq ft is under construction and we plan to complete Phase 1 before the end of 2019. The whole business park will be completed within t

GMR Group, GMR Hyderabad International Airport, GMR Hyderabad Aerotropolis, Aman Kapoor,  Amazon, warehouse space News

Jindal Steel and Power’s loss widens to Rs 2,713 crore in Q4FY19

The firm’s consolidated revenue in the quarter stood at Rs 1,01,589 crore, a rise of 18% year-on-year (y-o-y).

Jindal Steel and Power, JSPL revenue, Ebitda, Power plants, Supreme Court, Jindal Steel News

Hyundai launches Venue, to heat up competition in compact SUV segment

Price-wise, Hyundai has placed the product closest to Maruti’s Brezza.

Hyundai Motor India, Hyundai Venue review, compact SUV segment, Hyundai Venue review feature,  Maruti Brezza, Hyundai Motor India News

Strengthening banking system: RBI clears specialised cadre for supervision of banks, NBFCs

The RBI has so far resisted demands to open a special liquidity window for the benefit of NBFCs hobbled by asset-liability mismatches (ALMs) and the inability to access bank funds cheaply.

rbi, rbi monetary policy, repo rate, rbi interest rate, ihs markit, ihs, food inflation, RBI, RBI Guidelines For Stressed Assets, Supreme Court, NBFCs, Election Code Of Conduct, oil prices, food prices, rbi cut interest rate, loksabha election, rbi loksabha election, rbi election News

Flows into mid and small-cap funds rise in April, but investors wary

Market participants say that, even in current month, flows have been strong. However,fund managers are cautious since they believe the markets could be volatile in the months to come.

Bank bonds, invest in bonds, mutual funds, tax saving, Reserve Bank of India, equity schemes News

CBDT for more exhaustive tax audit report for charitable trusts

The draft notification has been put in the public domain and stakeholders have time till June 5 to submit their views. The proposed changes will extend the audit form to 8 pages from 3 pages earlier.

CBDT, FCRA, Nangia & Co LLP, charitable trusts, tax audit, economy news

Icra downgrades IDFC First Bank NCDs to AA

The lender's cost-to-income ratio rose to 80% in the March quarter, while it could grow its core income by just 2.8% on a sequential basis.

Icra, IDFC, IDFC First Bank, IDFC netbanking, NCDs, AA, icra rating, banks in india News

Real estate firms in a tough spot after Maharashtra AAR ruling

The applicant in the case said it is engaged in the business of ‘facility management’.

Real estate firms, Maharashtra AAR ruling , GST, electricity, cooking gas, GST on utility charges, AMRG & Associates News

Hiking third-party motor insurance premium will hit truckers hard

Caught under the idling fleet capacity across key trucking centres in the country with sharp fall in rentals due to poor freight availability, the truckers will find it difficult to absorb any cost escalations arising out of

Third party car insurance, Third party motor insurance, truck insurance, TP car insurance, car insurance premium, TP, OD, long term car insurance, News

SC stays Delhi HC order disallowing black money law to operate retrospectively

The Vacation Bench led by justice Arun Mishra sought response within six weeks from Khaitan against whom a black money case has been lodged.

Supreme Court,  Black Money Act, Delhi High Court, VVIP chopper scam, AgustaWestland VVIP chopper scam, Gautam Khaitan News

Essar Steel resolution: NCLAT reserves order on ArcelorMittal offer

During Tuesday’s proceedings, senior advocate Kapil Sibal appearing on behalf of Standard Chartered Bank, a secured creditor of Essar Steel, said ArcelorMittal should not be allowed to add working capital to brighten up its

Essar Steel resolution, NCLAT, ArcelorMittal offer, NCLT, Essar Steel Asia Holdings, LN Mittal, Kapil Sibal News

Jio adds 9.4 million users in March, Airtel, Vodafone Idea lose 30 million customers

Reliance Jio is the only operator which has added 9.48 million subscribers in March, whereas all other operators, including state-run BSNL which has been consistently adding subscribers recently, have reported a net loss of u

realince jio, Reliance Jio subscribers, jio users, airtel, Vodafone Idea, Bharti Airtel , Tata Teleservices, BSNL,  News

One-month rupee NDF cools 75 paise on exit polls

The one-month rupee non-deliverable forwards (NDF) in the offshore markets cooled by 75 paisa to Rs 69.97 on Monday — the lowest in the past two weeks – as the investor sentiment improved after favourable exit polls numbe

In the local markets, the rupee closed at Rs 69.74 against the dollar, an appreciation of 48 paisa or 0.69%. News

Fall in housing finance companies’ loan growth can have spillover effects

The deceleration in loan disbursements by housing finance companies (HFCs) could have a spillover impact on both retail home loan borrowers and property developers, according to India Ratings and Research (Ind-Ra).

The housing finance sector has been facing challenges, which have led to contraction in spreads, a rise in funding cost and an increased spotlight on their asset-liability mismatches. (Representational image) News

Amul hikes milk prices by Rs 2 per litre

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets dairy products under the brand name Amul, on Monday decided to hike milk prices by Rs 2 per litre of all six brands being sold in major markets of Delhi

Amul hikes milk prices by Rs 2 per litre News

SC seeks IL&FS Fin Services ex-director’s response on pleas by govt, IL&FS

The Supreme Court on Monday sought response from IL&FS Financial Services’ former vice-president and director Hari Shankaran on the pleas by the government and Infrastructure Leasing and Financial Services (IL&FS), seeking

At present, IL&FS group companies, with a collective debt of over Rs 90,000 crore, are going through resolution process. News

Flash Electronics sues Royal Enfield in US for patent violation

As per the complaint, Royal Enfield had first sought to buy regulator-rectifiers from Flash, but when the parties could not agree on the price, the company secretly reverse-engineered its products and copied its patented tech

The complaint has been filed against Royal Enfield and its arm Royal Enfield North America. News

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore

Reporting its first profit for financial year 2018-2019, Tata Motors on Monday recorded a consolidated net profit of Rs 1,108.86 crore for the three months of January-March 2019.

Tata Motors reports first quarterly profit for FY19 at Rs 1,109 crore News

Essar Steel case: Will pay Rs 42k crore for the takeover, ArcelorMittal tells NCLAT

Only for accounting purposes, we say Rs 2,500 crore as working capital. It is an accounting thing,” senior counsel Harish Salve, appearing on behalf of ArcelorMittal, said.

The company also accused the former promoters of Essar Steel — the Ruias — of creating hurdles in the resolution process of the bankrupt steelmaker News
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