FE Bureau

TechM to deploy blockchain solution to curb spam calls

The firm will be deploying the blockchain solution by this month-end, in association with a select telecom provider while curbing unsolicited commercial communication (UCC) or spam calls.

Industry News

Axis RERA Fund invests Rs 60 crore in Chennai’s Akshaya Group

Akshaya was founded by Babu in 1995. Akshaya has also earned the distinction of being one among the ‘Most Reputed Real Estate Brands in India’ and the only player from Chennai to feature in a report by Trust Research Advi

Markets News

With ABG Shipyard, NCLT marks conclusion to insolvency of 7 stressed assets

Era Infra Engineering, where Union Bank of India is the lead bank, was back in February seeking to bundle the parent company and the special purpose vehicles for the purpose of a holistic resolution.

Industry News

Asia Healthcare Holdings to buy Nova IVI Fertility

AHH currently operates a chain of 12 women and children’s hospitals across India under the Motherhood brand.

Industry News

PepsiCo to withdraw cases against Gujarat potato farmers

The company is using this variety of potato for the manufacturing of Lay’s chips. Opposing the company’s move, various organisations have initiated an agitation and demanding unconditional withdrawal of all cases against

Industry News

Finance ministry confirms slowdown fears; growth may ease to 6.5% in January-April

The report said the expected firming up of government consumption expenditure in Q4 of FY19 is on course as growth in cumulative revenue expenditure of the central government has been higher in recent months.

Economy News

Decide on complaints against Modi, Amit Shah before May 6: SC tells EC

But there have been inactions for more than three weeks with regard to superintendence, direction and conduct of general elections, 2019.

Elections News

Dvara KGFS raises Rs 97 crore in Series E round

ICICI Securities acted as exclusive financial advisor to this transaction.

Industry News

Union Bank’s insolvency plea against Rolta India rejected by NCLT

Lenders have been known to put on sale exposures to cases headed to the NCLT, or being resolved under the IBC for quick cash-based recoveries, in an attempt to avoid delays in resolution and excessive litigation.

Industry News

Bandhan Bank Q4 net soars 68%, asset quality improves

The asset quality improved, with gross non-performing assets (NPAs) falling by 37 bps quarter-on-quarter to 2.04% of the loan book.

Banking & Finance News

Hero MotoCorp, Honda sales dip; slowdown in motown continues in April

Volumes of Bajaj Auto and TVS Motor Company grew at a tepid 3% y-o-y in April.

Industry News

Jet Airways crisis leads to air traffic growth hitting five-year low in FY19

Domestic carriers, which recorded 52 months of double-digit growth in passenger traffic, have grown at 5% y-o-y in calendar year 2019.

Industry News

Shoppers Stop CEO says weak performance in Q4 not unusual

This was due to higher depreciation owing to one store closure, one store relocation and re-evaluation of life of the asset in line with lease period which aggregated to a reduction of `18.69 crore from the profits in Q4FY19.

Industry News

Dabur India posts 6% decline in Q4 profit

Profits were dragged down by subdued rural demand and liquidity crunch, besides a one-off exceptional charge of `75.34 crore on account of impairment of goodwill.

Industry News

Tata Power consolidated Q4 operating profit drops 1.5%

In Q4FY19, the company has also made an impairment of `106 core towards the gas-based Rithala power plant in Delhi, which is lying idle for the last four years.

Industry News

PepsiCo vs farmers: Gujarat govt wants to settle cases out of court

By the virtue of the plant variety certificate under the Protection of Plant Varieties and Farmers' Right Act 2001, PepsiCo had filed legal suits against nine potato growers. 

Industry News

Maruti sales skid in April, lowest since December 18

Passenger cars (Alto, Baleno, Swift, WagonR, Ciaz).

Industry News

Lenders to take 52% haircut as Patanjali’s resolution plan for Ruchi Soya gets the go-ahead

The CoC met twice consecutively last week to discuss and finalise technical aspects of the resolution plan before the voting process begun.

Industry News

GST collection jumps to Rs 1.14 lakh crore, robust mop-up in April boosts hope

During 2018-19, the average GST collection per month was Rs 98,114 crore and the year before, the average was Rs 89,884 crore.

Economy News

Victory for RBI: Madras HC sets aside its single-judge order on NBFC registration

RBI had argued that instead of approaching the court, there was an appeal remedy available and the companies have filed the writ petitions without approaching the appellate authority.

Banking & Finance News

CERC extends validity of 1.2 lakh renewable energy certificates as prices rise

However, the prices started rising since then, trading at `2,000/REC in March and April this year.

Industry News

Oyo to acquire Amsterdam firm @Leisure for €369 million

Ritesh Agarwal, founder and group CEO of OYO, said the firm sees vacation homes as a unique opportunity with 115,000 units of homes now getting added.

Industry News

Digital lending firm raises $20 million to grow loan portfolio

Happy said it has disbursed over $20 million through over 32,000 loans to more than 80 different kinds of businesses.

Industry News

UPI usage volumes dip 2% m-o-m in April

On a year-on-year (y-o-y) basis, however, there was a 311% jump in UPI volumes in the month of April, while the aggregate value of transactions shot up 426% y-o-y.

Banking & Finance News

TVS Motor looks at Rs 650-crore investment in FY20

Though scooter segment saw decline in its sales last fiscal, the company expected demand to revive in the coming months, particularly strong revival in urban markets again.

Industry News

Financial cybercrimes, identity thefts on the rise: FIS Report

UPI 2.0 is also a boon for merchants, as it supports the use of an overdraft account and the verification of invoices prior to payments, moving mobile payments squarely into the small and medium enterprise segment.

Industry News

Co-location case: Sebi bars NSE from securities market for 6 months; says exchange must disgorge Rs 625 crore

It also asked NSE to frame a clear policy on administering whistle blower complaints.

Markets News
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