Corporate & Markets

NTPC close to buying out UP government’s 50 per cent equity in Meja power project

The Meja Urja Nigam (MUNPL) is a 50:50 joint venture between NTPC and Uttar Pradesh Rajya Vidyut Utpadan Nigam in Allahabad

Jaypee insolvency case: Homebuyers seek secured financial creditors status

Homebuyers are considered financial creditors under the amended IBC and their views will be considered while deciding the resolution plan of a company

Meat delivery firm Licious raises $25 million in Series-D round

Licious was founded in 2015 by Abhay Hanjura and Vivek Gupta. The firm operates on a farm-to-fork business model where it owns the entire back-end supply chain

Worst performance: Nearly 69 per cent equity plans give negative returns in 1 year

In terms of sectoral returns, the infrastructure sector saw its category average at -17.58%, with all the 23 schemes giving negative returns.

Bloodbath: Ahead of polls outcome, Sensex plunges 714 points

Fall also due to worry over higher crude prices, and decline in rupee and bond

Rupee closes at three-week low of Rs71.34 vs dollar

The currency fell as much as 53 paise in intraday trade on Monday on deepening concerns over the political uncertainty in the wake of the results to key state elections.

SBI hikes MCLR by 5bps to 8.55 per cent across tenures

The move comes after HDFC Bank on Friday hiked its short-term MCLR by 5 bps to 8.40% 8.45% and 8.55% for the one-, three- and six-month tenures, respectively.

Promotor stake dilution: Kotak bank moves Bombay HC against the decision

As per the central bank's rules, the bank must reduce its promoter shareholding to 20% by December 31, 2018 and 15% by March 31, 2020.

Insolvency proceedings: PNB to put Jayaswal Neco exposure on sale

PNB has also put on sale 24 other bad-loan accounts worth an aggregate Rs 1,779 crore. Twelve of these are being offered only on a full-cash basis, with the rest is being sold through a mix of cash an

Analyst corner: Maintain ‘buy’ on HCL Tech, target price Rs 1,330

Market has ignored HCLT’s potential to broaden its client base significantly.

Analyst corner: Allcargo Logistics target price unchanged at Rs 145

Healthy performance in H1FY19 has given us confidence of a decent performance in FY19.

Export of raw sugar: Millers expect sweet deal from China

A contract for exporting 15,000 tonne of raw sugar has been entered between the Indian Sugar Mills Association (Isma) and China’s COFCO.

Plastic makers pull up Tamil Nadu govt over ban, may consider legal option

The state government in June this year issued an order, banning usage of single use plastics from January 1 next year.

Uncertainty to determine fate of steel industry for 2019

During the first 8 months of the current year, the total imports of finished steel by India have gone down by only 2.3% compared to the previous year, while exports have fallen by around 35%.

Fall in North America orders a cause of concern for Bharat Forge

Decline in North America Class 8 truck orders in November the first in two years; expensive valuation; ‘Neutral’ retained

TEECL balance sheet offers comfort in hard times

EPC segment growth and margin concerns warrant a cautious stance; earnings revised; TP cut to `231

Nissan’s new R&D hub in Kerala to hire 550 techies by March

Infosys, one of the vendors of Nissan, had come forward offering office space in its own campus till the current facility was set up.

AI & data science: Open source makes NSE smart and secure

NSE’s shift to cloud-based AI platform enables it to clock a daily turnover of Rs 3,00,000 crore with 1.2 billion daily transactions

Riversong Wave O2 & Act HR Band: Stay fit and trendy with these bands

Eat, sleep, walk—these fitness devices will capture all your physical activity and inspire you to stay healthy

Asus Zenfone Lite L1: Price, specification and must know facts

An entry-level device that offers a bright display and decent primary camera

Tech-led touch: A look at the emerging role of HR function

Cognitive skills and analytical skills will be the critical competencies that will determine how HR managers can reshape their own roles

Hindustan Unilever rated ‘buy;’ SKB deal a shot in the arm for company

EPS boost of 4.5% likely in FY20e; expected to rise further in subsequent years; TP revised to Rs 2,030; one of top picks in sector

Arvind: 12% revenue CAGR likely for demerged unit

It’s expected to post FY19 revenue/PAT of Rs 74/3.2 bn; target price pegged at Rs 157

GAIL (INDIA) rated buy; Impending tariff hike will aid earnings

A hike of 40-50% in HVJ tariff looks likely; it will provide an upside of 7-11% to FY20F EPS and fair value

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