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FE Bureau

Hyundai India joins others to declare production holidays

The Korean carmaker has announced no production days across all the departments, including body shop, engine/transmission lines, paint shop, assembly…

By FE Bureau
Updated: August 17, 2019 22:28 IST
The economic expansion plunged to a five-year low of 6.8% in FY19. (Represnetational image)
Economic slowdown: Govt weighs fiscal stimulus; package soon for companies, exporters

Tax relief to companies, easier flow of credit for exporters on cards

By FE Bureau
Updated: August 17, 2019 03:00 IST
The sharp pick-up in monsoon since early July has driven up overall rainfall up to Friday this season (June-September) by 2% from the long period average (LPA) or the ‘normal’ level. (Representational image)
Kharif crop sowing deficit narrows as monsoon picks up

A 21% rise in seasonal showers from the normal level in the past one month has narrowed the kharif crop…

By FE Bureau
Updated: August 17, 2019 03:01 IST
The Bench also heard another plea by the Kashmir Times executive editor Anuradha Bhasin seeking removal of restrictions on the media.
Article 370: Supreme Court frets over filing of defective petitions

The Supreme Court on Friday refused to examine the petitions against scrapping of Article 370 of the Constitution, saying the…

By FE Bureau
August 17, 2019 01:22 IST
The rupee closed at Rs 71.15 against the greenback, paring losses made during the previous two sessions.
Rupee closes 12 paise higher on dollar selling

Exporters are believed to have joined the dollar selling later during the day, according to forex traders.

By FE Bureau
August 17, 2019 01:05 IST
Savings Bank Deposit, minimum balance, HFDC zero balance accounts, sbi netbanking, axis bank savings account minimum balance, multiple savings bank account, savings account, zero balance accounts, zero balance account open, RBI, BSBD accounts,
NBFC liquidity crunch to hit realty developers hardest

NBFCs are now also shying away from refinancing maturing debt of large developers to limit concentration risk to the sector.

By FE Bureau
Updated: August 17, 2019 03:01 IST
The mortgage financier owes banks Rs 38,000 crore and bondholders an additional Rs 34,000 crore
Delay in DHFL’s submission of unaudited Q1 results

Only last week, the home loan financier informed it may not meet its upcoming payment obligations in the ‘immediate future’,…

By FE Bureau
August 17, 2019 00:56 IST
Govt removes 3-year distributable profit norm to be eligible to issue shares with DVRs
Boon to start-ups: Centre raises cap on differential voting rights

The two incentives have been offered following requests from tech companies and start-ups, as well as to strengthen hands of…

By FE Bureau
August 17, 2019 00:30 IST
 finance minister, Nirmala Sitharaman, PSU bank, public sector banks, big bank merger, slowdown, steps to revive economy
FM Nirmala Sitharaman hints at economic booster, but refuses to give timeline

Discussions at the highest level of the Union government were going on in which current plight of declining demand and…

By FE Bureau
Updated: August 17, 2019 03:02 IST
Reliance Commercial Finance has also dragged SKIL Infrastructure to the National Company Law Tribunal (NCLT) for recovery of outstanding dues, the filing said.
IFIN drags SKIL infra to NCLT

In its report, the SFIO said loans given by IFIN to SKIL Infrastructure were used for payment of existing loan…

By FE Bureau
August 17, 2019 00:28 IST
When contacted, a senior union official in the Ashok Leyland Employees Union (ALEU) confirmed the developments.
Ashok Leyland Ennore plant workers protest over bonus issue

Sources said that for employees with more than 15 years of experience, the compensation is two month’s fixed pay for…

By FE Bureau
Updated: August 17, 2019 03:03 IST
“However, during 2018-19, CIAL had posted net profit of Rs 166.9 crore, against Rs 650.34 crore turnover,” CIAL director Roy Paul told FE.
Monsoon rage grounds CIAL’s business by Rs 70 crore

CIAL sources said that although solar panels did not stand in the way of easing storm water discharge, the airport…

By FE Bureau
August 17, 2019 00:26 IST
“We are trying to build consensus. States will keep their view in the next meeting,” Fadnavis said after the second meeting of the committee.
Panel of CMs to discuss adoption of GM tech in oilseed production

Oilseed crops are the second most important determinant of agricultural economy, next only to cereals within the segment of field…

By FE Bureau
Updated: August 17, 2019 03:03 IST
Synthetic textile exporters gung-ho about growth

Currently MMF dominates global textile fibre consumption with 72:28 ratio —MMF 72% and natural fibre 28%.

By FE Bureau
August 17, 2019 00:25 IST
These changes will help some reduce some of the challenges faced by retail NBFCs as the risk factors of retail-lending NBFCs are different from infrastructure or consumer-lending NBFCs.
NBFC face liquidity squeeze – here’s how

The central bank has allowed banks’ lending to NBFCs for agriculture, micro and small enterprises, and housing classified as priority…

By FE Bureau
August 17, 2019 00:21 IST
‘Style Set Free’ is Hyundai’s in-car experience strategy for future EVs
Hyundai Motors to showcase electrified prototype displaying this concept

The all-new i10 will receive its public world premiere, alongside a special version of the model

By FE Bureau
August 17, 2019 00:15 IST
RIL will induct leading global investors in consumer businesses (Reliance Jio and Reliance Retail) in the next few quarters, and move towards their listing within the next five years.
Reliance Industries rating: Buy; deal to allay concerns on high debt level

Aramco’s potential 20% stake in RIL’s O2C division comprising the refining, petrochemicals and 51% of the fuel retailing JV is…

By FE Bureau
Updated: August 27, 2019 17:15 IST
The new entity will be called ViacomCBS
Viacom and CBS to finally reunite

The deal will combine the CBS television network, CBS News, Showtime cable networks with MTV Networks, Nickelodeon, Comedy Central and…

By FE Bureau
August 16, 2019 00:31 IST
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