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FE Bureau

Hero MotoCorp to ride into Mexico in partnership with Grupo Salinas

In the first phase of operations, Hero MotoCorp will launch nine products, including motorcycles – for work (100cc), street (125cc),…

By FE Bureau
January 28, 2021 07:19 IST
Farmers' protest
Farmers’ stir: Parliament march called off, two unions end protest, key bodies stick to stand

However, leaders of Samyukt Kisan Morcha (SKM) sought to downplay the development, claiming these organisations were not part of the…

By FE Bureau
January 28, 2021 04:55 IST
Motorcycle sales grew by 31% to 4.26 lakh units from 3.25 lakh, while scooter sales grew 11% to 3.11 lakh units from 2.80 lakh.
TVS family kick-starts rejig process, to file composite scheme of arrangement at NCLT

The $8.5-billion, Chennai-based TVS Group had on December 10, 2020, embarked on a restructuring exercise whereby each family group would…

By FE Bureau
January 28, 2021 03:45 IST
Large road EPC players are likely to see revenues recover and log a 15-20% growth in fiscal 2022, supported by their strong order books. With profitability remaining steady, their credit profiles would sustain as well, it said.
EPC companies reach pre-Covid operating level, says Crisil report

“Most developers are now operating at pre-pandemic levels, up from 70% of pre-pandemic levels at the end of June. Revenue…

By FE Bureau
January 28, 2021 03:15 IST
Axis Bank net dips 36%, prudent expenses hit PAT

MD and CEO Amitabh Chaudhry said, “We have done provisioning as if Supreme Court standstill on recognising fresh NPAs was…

By FE Bureau
January 28, 2021 03:00 IST
Canara Bank’s shares on the BSE closed at Rs 131.15 on Wednesday, down 1.83% from their previous close.
Canara Bank Q3 profit dips 9% YoY to Rs 696cr as provisions rise 61%

The bank’s management said once the stay was lifted, there could be slippages worth around Rs 10,000 crore on a…

By FE Bureau
January 28, 2021 02:50 IST
Russia’s production also improved by 2.6% to 70.4 MT. Toppling the US, Russia also managed to improve its ranking by one notch to the fourth position among world’s top five steel producing nations.
India’s steel production declines by more than 10%

According to World Steel Association (WSA), crude steel production fell globally by 0.9% in 2020 to 1,864 million tonne (MT)…

By FE Bureau
January 28, 2021 02:45 IST
Investments remain critical to India’s resurgence story, as private consumption has been badly bruised by income losses in the aftermath of the pandemic.
Davos dialogue: PM Modi to address World Economic Forum today

The Prime Minister’s speech and interaction with CEOs come at a time when the Indian and the world economies are…

By FE Bureau
January 28, 2021 02:20 IST
The Indian markets underperformed the global markets which were trading mixed ahead of the US Fed meeting.
Equity benchmarks turn negative for CY2021

From its all-time highs, the Sensex is now down by 2,774.08 points (5.53%) in just four trading sessions. The markets…

By FE Bureau
January 28, 2021 02:10 IST
“It is precisely this kind of bold action by India, which in fact goes beyond the initial Paris commitments, that President Biden is championing our partners to jointly tackle climate change,” Light, Who served as senior adviser and India counselor to the US from 2013 to 2016, added.
US aims to rebuild clean energy relation with India

“Between Prime Minister Modi’s first visit to the US in September, 2014 and President Obama’s trip to India in January,…

By FE Bureau
January 28, 2021 02:00 IST
India Cements posts net profit of Rs 62 crore in Q3

The overall Q3 volume of clinker and cement of the company stood at 23.77 lakh tonnes when compared to 26.66…

By FE Bureau
January 28, 2021 01:49 IST
Shah had earlier said India can export some 20 lakh tonne this season after the arrival of the new crop.
Onion export yet to pick up pace despite lifting of ban

India exported onions valued at $198 million in the April-June period of FY21 and $440 million through 2019-20. The country…

By FE Bureau
January 28, 2021 01:46 IST
At the same time, BoB is not too worried about major retail slippages because unsecured retail loans constitute less than 1% of its loan book. More than 70% of the retail book is made up of home loans.
Bank of Baroda posts Rs 1,061-crore profit on lower provisions

Net interest income (NII) – the difference between interest earned and interest expended – stood at Rs 7,749 crore, was…

By FE Bureau
January 28, 2021 01:37 IST
What’s limiting women working in technology sector?

Indian women face lockdown barriers to career progression, reveals Kaspersky report

By FE Bureau
January 28, 2021 01:33 IST
In terms of credit availability, 87% of the Q4 2020 survey respondents believed that the funding scenario would either improve or continue to remain the same over the next six months.
Real estate sentiment index at year’s high in Q4 2020

The future sentiment score rose to 65 points in Q4 2020 from 52 points in Q3 2020. Geographically, the western…

By FE Bureau
January 28, 2021 01:31 IST
ABFRL buys 51% in Sabyasachi brand for Rs 398 crore

ABFRL MD Ashish Dikshit said: “We believe over the next few years, ethnic wear is going to be an increasingly…

By FE Bureau
January 28, 2021 01:20 IST
PowerGrid
PowerGrid offers transmission assets worth Rs 7000 crore via InvIT IPO

This is the first time a PSU in the power sector will monetise its assets through the InvIT model and…

By FE Bureau
January 28, 2021 01:10 IST
HUL profit up 19%, revenue rises 20% in December quarter

While rural demand remained resilient, urban demand also made a comeback with the economy reopening. HUL’s volume growth sustained its…

By FE Bureau
Updated: January 28, 2021 01:07 IST
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FIFA World Cup Day 13: Cristiano Ronaldo's record-breaking feat, England's frustration and Modric’s landmark night

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This comes with an option to sell an additional 1% through an oversubscription clause, taking the total potential dilution to 2% of the company's issued and paid-up equity capital.

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