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FE Bureau

In addition to the $75 million investment in EGIA, Kora also plans to make a further investment of $50 million in Edelweiss.
Capital raise: US-based Kora Management to invest $125 million in Edelweiss

Edelweiss said each business group will have its own set of investors, a ring-fenced capital base and an independent board.

By FE Bureau
August 15, 2019 00:54 IST
Prime minister’s assurance that both internal combustion engine (ICE)-based automobiles as well as electric vehicles (EV) can co-exist is indeed a welcome note, said Rajan Wadhera (File photo)
Auto industry heaves a sigh of relief as PM Modi assures co-existence of ICE, EVs

Prime minister in his recent interview with a business daily asserted that India being the largest market, both the ICE…

By FE Bureau
August 15, 2019 00:54 IST
The panel said it was agreed that detailed criteria for eligibility under the Green Channel may be formulated by the government based on consultation with the CCI.
Competitive law: Panel wants ‘disclose and comply regime’ for M&As

The recommendation forms part of a report by the Competition Law Review Committee, constituted in October 2018, for reviewing the…

By FE Bureau
August 15, 2019 00:52 IST
The delay in rolling out the necessary changes in the guidelines is also said to be from an apprehension that there could be a sharp decline in coverage if PMFBY is made optional.
Fasal Bima Yojana: Changes deferred to next Kharif season

Currently, there is no cap on premium quoted by insurance companies and during last kharif season, the lowest bid was…

By FE Bureau
Updated: August 15, 2019 07:08 IST
PESB recommends Sridhar Patra for Nalco CMD post

Government head-hunter Public Enterprises Selection Board (PESB) has recommended Nalco’s finance director Sridhar Patra’s name for the top post of…

By FE Bureau
August 15, 2019 00:51 IST
The indices would have fared even worse, had it not been for the rally in Reliance Industries which rose smartly by 9.7%. (File photo)
In a mess: Sensex crashes 624 points, bank Nifty 703

Since July 5, FPIs have pared their portfolios in all sessions barring three, offloading shares worth over $3 billion.

By FE Bureau
August 14, 2019 03:46 IST
The fall in PV sales in July was also the ninth consecutive month of decline. (Representational image)
Slowdown bites: Auto sales see steepest slump in two decades

Analysts said higher inventory levels are likely to stay the same in the near term as retail is not picking…

By FE Bureau
August 14, 2019 03:39 IST
house, home buyers, homes, real estate, realty, nirmala sitharaman, relief measures, 10000 crore for last mile funding
Amrapali case: SC asks Noida authorities to start registration of flats

The authorities told the judges that they have created a special cell to deal with cases of the Amrapali hombuyers…

By FE Bureau
August 14, 2019 03:31 IST
In April this year, the central bank had released draft guidelines for a regulatory sandbox for fintechs. The final guidelines take into account feedback received from multiple stakeholders.
Regulatory sandbox: RBI eases net worth, regulatory norms

A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment, for which…

By FE Bureau
August 14, 2019 03:11 IST
The rupee has depreciated nearly by 3.5% in the past six weeks. (Representational Image)
Rupee hits six-month low of 71.39 on global turmoil

The rupee on Tuesday closed at a six-month low of Rs 71.39 against the greenback and is near its weakest…

By FE Bureau
August 14, 2019 03:07 IST
The central bank also raised a bank’s exposure limits towards a single NBFC to 20% of the Tier-I capital of a bank against 15% currently. (Represnetational image)
PSL benefits for bank loans to NBFCs for on-lending only till March 2020

The RBI also said that bank credit to NBFCs for on-lending will be allowed up to a limit of 5%…

By FE Bureau
August 14, 2019 03:01 IST
Mukesh Ambani, chairman, RIL, on Monday said at the company’s 42nd AGM that Jio Fibre’s premium customers will be able to watch new movies in their living rooms the same day these movies are released in theatres. (PTI Photo)
PVR, INOX put up a brace face to Reliance Jio Fibre’s offer

Called the ‘Jio-First-Day-First-Show’ service is planned to be launched in the middle of 2020.

By FE Bureau
August 14, 2019 02:31 IST
The stock surged as much as 12% in intra-day trade on BSE, before settling at Rs 1,275.00, up 9.72%.
Mukesh Ambani’s ‘debt-free’ move: Reliance rallies the most in 2 years

Shares of RIL rallied the most in over two years as investors cheered company’s promise to bring its net debt…

By FE Bureau
Updated: August 14, 2019 07:11 IST
The regulator imposed a penalty of Rs 13.82 crore on JAL.
CCI slaps penalty on Jaiprakash Associates for abusing dominant position

In the case under question, the regulator said adverse effects are clearly evident as customers have suffered due to lower…

By FE Bureau
August 14, 2019 02:22 IST
As part of the deal, Ola will hire Pickup.ai’s team. The start-up uses autonomous technologies like artificial intelligence, computer vision and sensor fusion to provide seamless solutions for business
Ola ‘acquihires’ artificial intelligence start-up Pikup.ai

Ola expects this acquisition to deliver innovations that continue to improve safety and transform customer experience.

By FE Bureau
August 14, 2019 02:18 IST
A total of 69.3 million mobile phones were shipped to India in Q2 2019, which was up 7.6% over the previous quarter, IDC said. (Representational Image)
Smartphone shipments hit record 36.9 million in April-June

Offline channel registered an 8.5% Y-o-Y growth driven by the new launches in Samsung Galaxy A series, marketing activities by…

By FE Bureau
August 14, 2019 01:49 IST
He further said that Apollo Hospitals will continue to work towards a further improvement in the margins to 23% by the first half of FY21. (File photo)
Apollo Hospitals register 32 per cent growth in Q1 profit

Revenue has received a boost driven by positive trends at our mature hospitals, which reported revenue growth of 14%, and…

By FE Bureau
Updated: August 14, 2019 07:04 IST
It is to be noted that Bosch has recently announced production suspension across its plants in Tamil Nadu, Karnataka and Maharashtra for a number of days to avoid inventory pile-up.
Bosch to restructure operations on weak automative demand

Meanwhile, the company has reported a 35% drop in its net profit for the quarter ended June 2019 to Rs…

By FE Bureau
August 14, 2019 01:32 IST
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