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FE Bureau

Ashok Leyland plans EV push, renames UK arm Optare as Switch Mobility

Following the successful delivery of 30 electric, double-decker buses to Metroline in London, the company is currently fulfilling orders for…

By FE Bureau
Updated: November 28, 2020 08:53 IST
Fiscal deficit: Government spending picks up in October

The Centre’s budget spending in October rose 9.5% on year, after 26% decline seen in September and the budget estimate…

By FE Bureau
November 28, 2020 08:30 IST
Thanks to $58 billion of RBI dollar purchases in the first nine months, the rupee is the worst-performing Asian currency this year.
Back on track? At minus 7.5%, economy looks better than expected

A contraction in nominal GDP narrowed sharply to 4% in the September quarter from a record 22.6% in the previous…

By FE Bureau
November 28, 2020 08:00 IST
Currently, PRP can be as high as 150% of basic pay for CMDs while it is 40% for the lowest grade officers, if the rating of the PSU performance is 'excellent' (a score above 90%), which ensures 100% PRP eligibility.
CPSEs: Centre for m-cap, asset monetisation goals in MoUs

The staff of CPSEs — which are around 250 now — may lose on their performance related pay (PRP), if…

By FE Bureau
November 28, 2020 07:30 IST
During the week, the Sensex advanced 267.47 points or 0.60%, while the Nifty gained 109.90 points or 0.85%.
Markets mark longest weekly gaining streak since July

Significant gainers on the Nifty were Tata Motors, Asian Paints, HeromotoCorp, Divi’s Laboratories and Bajaj Auto, up by 2.82%, 2.01%,…

By FE Bureau
November 28, 2020 03:30 IST
The Gujarat Industrial Development Corporation (GIDC) is already in the process of conducting a feasibility study for such a project. (Representative image)
Morbi clock makers want Gujarat govt to set up toy park in town

Apart from Gujarat, states like Uttar Pradesh, Karnataka and Rajasthan are mulling dedicated toy parks. The Gujarat Industrial Development Corporation…

By FE Bureau
November 28, 2020 03:15 IST
The Centre will provide 30% CFA for the scheme, while the state governments will give a 30% subsidy and the remaining 40% will be provided by the farmer.
States to get loan from agriculture infrastructure fund for Kusum scheme

The scheme aims to set up 10 giga-watt (GW) of solar plants in barren lands of farmers, install 17.5 lakh…

By FE Bureau
November 28, 2020 02:30 IST
“The government has no declared agenda to discuss with the farmers, while we are clear about our agenda. We want the three Acts and Electricity Bill, 2020, to be withdrawn,” said Ashutosh, a spokesperson for AIKSCC.
Farmers allowed to enter Delhi, allotted site for peaceful protest

The decision may help build a conducive atmosphere in the next round of talks slated for December 3. However, some…

By FE Bureau
November 28, 2020 02:15 IST
Burger King India
Burger King looks to raise Rs 810 crore via IPO

The book running lead managers to the issue are Kotak Mahindra Capital Company, CLSA India, Edelweiss Financial Services, and JM…

By FE Bureau
November 28, 2020 02:00 IST
Banks are losing money everyday due to these restrictions and the same should be lifted as the need for such protection no longer existed, he argued, adding that “banks are rendered helpless against defaulting borrowers”, Salve contended.
Let us declare NPAs, banks to Supreme Court; govt pleads against sector-specific relief

Meanwhile, the SC disposed of various petitions filed by individual borrowers who had expressed their satisfaction on the measures taken…

By FE Bureau
November 28, 2020 01:45 IST
Also, given the uncertainty, it is difficult to predict if the economy will enter the positive territory in the third or fourth quarters of this fiscal.
FY21 GDP: Q2 data signal ‘upside potential’ to forecasts, says CEA KV Subramanian

Maintaining that he is “cautiously optimistic”, the CEA highlighted that this caution is warranted in light of the fact that…

By FE Bureau
November 28, 2020 01:15 IST
Market participants said that since the tier-II exposure being written off in the case of LVB is small at Rs 318 crore, there will be little direct impact on the market.
Write-down of LVB bonds may hit private-sector tier-II issuances

Earlier this year, Yes Bank’s AT-I bonds worth Rs 8,415 crore were written down to zero under the scheme for…

By FE Bureau
November 28, 2020 00:45 IST
The lender in a regulatory filing with the exchanges said the company may consider and approve issuances of debt securities during December.
Manappuram Finance mulls options to raise funds via borrowings

The Kerala-based lender has reported a good growth in its gold loan portfolio, with consolidated assets under management increasing 18.6%…

By FE Bureau
November 28, 2020 00:15 IST
TVS Group firm buys out Mahindra First Choice Services to strengthen auto aftermarket business

TVS ASPL will also be acquiring the entire stake aggregating to 100% of optionally convertible redeemable preference shares in Auto…

By FE Bureau
November 27, 2020 10:40 IST
Sensex, Nifty, Indian markets, Foreign investors, Nifty Bank, NSDL, Reserve Bank of India
Sensex soars 432 points on Thursday; banks, metal stocks shine

Equities rebounded on Thursday in a choppy trading session,buoyed by banking and financial stocks,as the November series derivative contracts expired…

By FE Bureau
November 27, 2020 09:05 IST
Internationalisation of financial markets can lower transaction costs with efficiency gains, Das said.
Das-speak: ‘Need to watch out if demand sustains’

The financing conditions in the commercial paper and corporate bond market also deteriorated, reflecting overall market conditions as well as…

By FE Bureau
November 27, 2020 08:20 IST
Money is flowing into quality companies with sound fundamentals uniformly, Jain added.
Dollar rush: FPIs smitten by Indian stocks

Investments by foreign portfolio investors (FPIs) in Indian equities could cross $15 billion in 2020 with the buying already at…

By FE Bureau
November 27, 2020 08:17 IST
Some associations recommended that the government pare back its stake in state-run banks, barring the top 3-4, to below 50% via the market route over the next 12 months.
Budget to unveil large DFI for infrastructure

According to a senior government functionary, the new entity would be designed to provide structured concessional loans and even grants…

By FE Bureau
November 27, 2020 08:00 IST
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Home loan hack: How Rs 1 lakh annual prepayment can save Rs 15 lakh-plus in interest on a Rs 50 lakh loan

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Ambuja Cement Dividend 2026: Record Date Fixed for June 12- Check eligibility, payout details

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Stocks making the big moves midday: Infosys, MTAR Tech, OLA Electric, and others

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