FE Bureau

Kid gloves: 60% parents don’t monitor their kids’ online activity, says survey

The survey reveals that a majority of netizens neglect cybersecurity best practices in their own personal lives, and do not monitor the content their kids view online.

OLX survey, parent monitor online content, social media accounts, internet users, cyber security News

Cabinet clears Agri-Market Infrastructure Fund

The Agri-Market Infrastructure Fund was announced in 2018 Budget for developing and upgrading agricultural marketing infrastructure in the 22,000 GrAMs and 585 APMCs.

Agri-Market Infrastructure Fund, GrAMs, e-NAM platform, MNREGA fund, Nabard, rural markets News

PM Kisan scheme: Govt announces exclusion criteria – Check who won’t get it

The benefit of the scheme would be provided to all small and marginal landholder farmer families who collectively own cultivable land of up to 2 hectares as per land records of concerned state/UTs, subject to exclusions, the

PM Kisan Samman Nidhi, budget 2-019 for farmers, marginal farmers,  agriculture ministry, PM-KISAN News

Telecom trouble: Moody’s downgrades Bharti to junk Ba1

Says outlook would change if the company is able to sustain its leverage ratio under 3.5

Bharti Airtel, Telecom, Moody’s, relaince, jio, 4G customers, telecom sector, Airtel Payments Bank, Bharti Indian mobile segment  News

Centre vs Bengal: Kolkata police chief must assist, but CBI can’t arrest him, orders SC

Addressing the media, West Bengal chief minister Mamata Banerjee termed the Supreme Court order a “moral victory because we respect the judiciary. We always wanted to cooperate”.

Centre vs Bengal, mamata banerjee, Kolkata police chief, CBI, supreme court, Chief Justice Ranjan Gogoi News

Income tax returns filings grew by over 37% in April-January

During the April-January period of the last two fiscals, the growth was more subdued at 17 percent and 20 percent, respectively. At the end of FY14, only 3.8 crore e-returns had been filed. The government has often credited d

Economy News

AAR: No ITC for firm on executive’s hotel bill

The AAR said that the company executive could have been provided with any other residential accommodation and still would have performed their duties for the applicant.

AAR, ITC, input credit tax,  gst, CGST Act, ITC of payments News

CCI approves PFC-REC deal; credit profile of PFC downgrade

A downgrade for PFC, which will have a controlling stake in REC post the deal, will in turn mean a downgrade for REC as well.

CCI, PFC-REC deal, PFC cash surplus, Moody’s, PFC downgrade News

Suzlon Energy shares hit new low, tank 24% on default rumours

Suzlon, as part of the wind power industry, has been facing the consequences of the slump caused by the implementation of reverse bidding in place of feed-in tariff regime, which led to drop in tariffs for wind projects, canc

Suzlon Energy, Suzlon Energy shares, FCCB payments, BSE, Suzlon Energy Q3FY19 earnings  News

HPCL Q3 net falls 87% to Rs 248 crore on inventory loss

The oil marketing company had made an inventory gain of Rs 1,477 crore in the December 2017 quarter against a loss of Rs 3,465 crore in the December 2018 quarter.

HPCL Q3 net, HPCL, Crude oil prices, HPCL gross refining margin News

GAIL reports 14.35% sequential decline in Q3 net at Rs 1,681.23 crore

GAIL’s earnings before interest, tax, depreciation and amortization during the December 2018 quarter was Rs 2,673 crore compared with Rs 1,992 crore a year ago.

Industry News

Long March 2.0: Maharashtra farmers to march towards Mumbai on February 20

The march has been organised once again since the government has not fulfilled its promise given to to farmers a year ago, Navale stated. According to him, thousands of farmers from 23 districts will reach Mumbai on February

Markets News

Agri NBFC Samunnati raises Rs 33-crores debt from Symbiotics

Unlike traditional lenders who tend to focus on crop loans or agricultural input loans, Samunnati has built the expertise needed to assess smallholder farmer needs and design appropriate financial products that are not collat

Markets News

PNB Q3 Earnings: Net rises 7% amid higher recoveries, lower provisioning

PNB, which was involved in a Rs 14,356-crore scam by Nirav Modi, had reported net profit of Rs 230.11 crore during the corresponding quarter in the previous financial year.

Markets News

United Bank of India’s net loss widens to Rs 1,139 crore

The Kolkata-based bank, which is under the prompt corrective action (PCA) of the Reserve Bank of India, had reported a net loss of Rs 883.17 crore during the second quarter this fiscal.

United Bank of india, prompt corrective action, Reserve Bank of India, NPA, NPA ratio News

Aditya Birla Capital net profit rises 41%

The lender’s net interest margin (NIM) stood at 4.9%, a 30 basis point (bps) growth over Q2FY19. The capital adequacy ratio for the quarter was at 17.5%.

Aditya Birla Capital, Aditya Birla Capital net profit, NBFC businesses profit, housing finance, Aditya Birla Capital News

Analyst Corner: ‘Sell’ Westlife Development with TP of Rs 343

Driven by strong, 14.5%, same-store sales growth (SSSG), Westlife’s revenue rose 21.5%.

Westlife Development, McCafe, McDelivery, CAGR, EBITDA margin,  News

Renault appoints Venkatram Mamillapalle as India head, Sumit Sawhney to take up global role

Venkatram Mamillapalle, who till recently was the head of Renault-Nissan-Avtovaz Purchasing Organisation in Russia, comes with extensive automotive experience and has worked with various Indian and international OEMs. He will

Industry News

Job crisis: Solution lies in digital innovation in last mile, says Tata Sons chairman N Chandrasekaran

He added that by building models with digital innovation in the last mile, there could be creation of 30 million jobs on a conservative basis and it can provide access to at least 200 million more people.

Industry News

Essar Steel bid: StanChart demands equal treatment for CoC members

It is worth mentioning that CoC didn’t declare SCB as secured financial creditor, saying that ESL was not a direct corporate debtor of SCB and the private sector bank also not offered any collateral.

Industry News

Expect status quo in forthcoming RBI policy: Dwijendra Srivastava, CIO Sundaram Mutual

If inflation is controlled at 4% levels, there is a scope of one rate cut in the next financial year, says Dwijendra Srivastava, chief investment officer -fixed income, at Sundaram Mutual. In an interview to FE, he says inves

RBI policy, inflation, Dwijendra Srivastava, Sundaram Mutual, Monetary Policy Committee, foreign portfolio investors News

Future Lifestyle set to clock Rs 1,000-crore sales in footwear biz: Analysts

The lifestyle retail store chain also saw an addition of 13 stores in Q3FY19, taking the total store count to 89 stores.

Future Lifestyle Fashions, Brand Factory, John Millers, Ebitda, Lee Cooper News

Moody’s: Outlook negative for Vedanta

Moody’s observed that this does not allow CIHL any voting rights, or even the right to receive dividends.

Vedanta, Moody's, Vedanta Resources, Cairn India Holdings, BSE, Volcan Investments News

Disinvestment plan: With PSUs pitching in, govt on track to meet target this year

At least Rs 14,000 crore is assured from the proposed Power Finance Corporation’s purchase of the Centre’s 52.63% stake in Rural Electrification Corporation for which the Cabinet has already accorded in-principle nod.

Disinvestment plan, PSU, retail investors, Piyush Goyal, disinvestment target , exchange traded funds  News

Sugar output rises 8 percent; millers seek higher price to clear dues

Sugar production has increased by 8 percent as on January 31, 2019, to 185.19 lakh tonne during the current sugar season (SS), against 171.23 tonne in the year-ago period. However, considering the trend of yields, recoveries

Markets News

MFs’ exposure to DHFL group

CARE Rating, in an a separate note, observed that along with the rise of AUM and growth of NBFC over the past few years, the overall exposure of MFs in NBFCs has almost tripled from Rs 70,000 crore in March 2014 to Rs 2.2 lak

Shares, mutual funds, loan, investment, nifty, BSE, stock market, share market, Inflation, oil prices, NBFCs, fund, debt funds, mutual fund, investors RBI, Monetary Policy Committee, rbi policy rate, News

NTPC threatens to cut supply to AP, Karnataka,Telangana

The cumulative dues, pending for more than 60 days, stood at Rs 4,138 crore as on January 30

NTPC, Karnataka, Telangana, Uttar Pradesh, Kudgi power plants News
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