FE Bureau

Truck rentals rise despite diesel price cut in October

Truck rentals, for instance, on the Delhi-Mumbai-Delhi trunk route have increased by 13% to Rs 97,500 in the last two months (August 2 to November 2) while the variation in diesel prices for the same period has been Rs 5.71.

Markets News

“Despite external challenges, headwinds in FY18, our sales volume improved,” JK Tyre President Rajiv Prasad

Given the changes the domestic tyre industry is witnessing in terms of radialisation, JK Tyre has recently started a research & development facility in Mysuru, Karnataka.

Markets News

Five reasons to love the new Chromecast

Google launched the first Chromecast in 2013 with the aim to make it easy to get your favourite content right from your phone to your TV.

Industry News

Raghuram Rajan speaks: RBI is seat belt if Centre the driver, says former Reserve Bank of India Governor

‘RBI’s board must keep off operational decisions; extraordinary dividend by central bank could stoke inflation and up interest rates; govt right on NBFC liquidity issue’.

Economy News

Don’t dig deep into central bank reserves, warn experts

Experts have cautioned against dipping into the contingency reserves of the central bank without careful analysis.

Economy News

Happy Diwali for infra firms! RBI follows Modi government’s suggestions, relaxes ECB norms

Responding to the government’s suggestion that overseas borrowing norms be relaxed, the Reserve Bank of India (RBI) on Tuesday eased the rules under the ECB (external commercial borrowing) framework.

Industry News

Samvat 2074: Sensex, Nifty end higher

The benchmark indices on Tuesday ended a highly volatile session in the green on firm Asian cues, finishing Samvat 2074 higher by over 7%.

Markets News

Centre issues notice to 300 firms not complying with CSR norm

The Ministry of Corporate Affairs has issued preliminary notices to nearly 300 companies for not complying with CSR spending requirement under the companies law for 2015-16, a senior government official said.

Economy News

NMDC pulls down metal index over reports of iron ore mine shutdown

The BSE Metal Index came under pressure on Tuesday, pulled down by share price of National Mineral Development Corporation (NMDC).

Markets News

Currency fluctuation, staff benefits, CSR expenditure dent PGCIL Q2 earnings

PGCIL recorded a 6% y-o-y rise in net profit to Rs 2,303.8 crore as it recognised Rs 404.9 crore income under ‘regulatory deferral account balances’.

Markets News

Manappuram Finance Q2 net surges 40%

Manappuram Finance on Tuesday reported a 40% year-on-year hike in standalone net profit for the September quarter to Rs 221.39 crore. Net profits during the same quarter of FY18 stood at Rs 158.20 cr.

Markets News

Take 5: Interview with Azhar Iqbal founder of Inshorts

Interview of AZHAR IQUBAL, CO-FOUNDER & CEO, INSHORTS

Industry News

Disinvestment: Revamped CPSE ETF to bag Rs 8,000 crore, govt to rejig fund with four new stocks

Govt to rejig fund with 4 new stocks, including MOIL & KIOCL; issue later this month.

Economy News

IL&FS fallout: HFC stocks take a beating

Non-banking housing finance companies are facing a liquidity stress, and they need to review their funding model for sustainable growth, corporate affairs secretary Injeti Srinivas said on Monday.

Banking & Finance News

Unichem acquires 19.99% stake in two Optimus group firms for Rs 120 crore

Optimus and Optrix are Hyderabad-based companies that are owned and controlled by the same management and are engaged in the business of researching, developing, manufacturing, marketing and distribution of active pharmaceuti

Industry News

Higher gas volumes propel GAIL’s net by 50% in second quarter

The company is benefiting from the increasing consumption of gas in the economy as the country aims to use 15% gas in its energy mix by 2030 compared with 6.5% at present.

Industry News

Fortis says approvals in place for fund infusion by IHH Healthcare

Fortis Healthcare stated on Monday that all approvals required for fund infusion of Rs 4,000 crore from IHH Healthcare Berhad is in place while also indicating that the transaction is likely to be completed shortly.

Industry News

Stressed assets: Tata Steel open to more acquisitions

Apart from keeping an eye on the National Company Law Tribunal, the firm is also vying for assets which are eager to make deals out of court.

Industry News

Coal India relaxes norms for small consumers

Coal India (CIL) has now made supply norms flexible for small consumers at a time when the Union coal ministry is absolutely focusing on supplying coal to the power sector only.

Industry News

Equitas plans to revamp shareholding in small finance bank, aims merger

EHL plans to dilute up to 60% of its holdings in Equitas Small Finance Bank in favour of its existing shareholders and remain a non-operating core investment company till it gets regulatory approvals to merge with the bank.

Markets News

Looming liquidity stress: MCA flags potential risks in HFCs

Amid fresh rumours that DHFL could default on payment pledge, the government has stepped up its monitoring of the NBFC segment.

Economy News

Asset Quality improves: SBI net falls 40% to Rs 945 crore on low non-interest income

State Bank of India on Monday reported a net profit of Rs 945 crore in the September quarter of FY19, more than 40% lower on year-on-year (y-o-y) basis, as non-interest income fell 26% y-o-y to Rs 7,814.5 crore.

Banking & Finance News

PowerGrid Q2 profit before tax slips 3.5%

Even though earnings before interest taxes, depreciation and amortisation (Ebitda) was up by 12.5% (y-o-y) to Rs 7,377.4 crore, Ebidta margin — an indicator of operating profitability — fell by 130 basis points to 89.1%.

Industry News

SBI soon expect to see a Rs 6,000-crore write-back from Essar account: Rajnish Kumar, Chairman

State Bank of India (SBI) on Monday reported a profit of Rs 945 crore for the three months to September.

Banking & Finance News

Earnings season: India Inc. profits barely grow as costs rise sharply

While revenues have risen fairly well, operating margins have contracted; few firms are able to pass on higher input costs.

Markets News

Institutional Investors assert: Show more interest in decision making, defeated 75 resolutions in last few years

With institutional investors voting more, at least 75 resolutions have been defeated in the last few years.

Markets News

Test of liquidity: Rs 1.5 lakh cr of commercial paper up for renewal in November

Rollovers of commercial paper (CP) issued by finance companies, averaged more than 50% in the last fortnight of October and 70% for better-rated borrowers.

Money News
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