Corporate & Markets
Chennai-based payments firm to expand footprint in Saudi Arabia
Financial Software and Systems (FSS), a Chennai-based payments technology company, has announced that it is expanding its footprint to strengthen digital payment capabilities in Saudi Arabia.
Muthoot Finance ties up with Bajaj Allianz
Known as ‘Muthoot Gold Shield’,the policy provides insurance coverage of gold jewellery for individuals at the time of closure of gold loan and release of gold ornaments.
Analyst corner: Maintain ‘buy’on V-Mart with TP of Rs 2,350
We interacted with the the V-Mart management to gain the latest insights on the developments and recovery in the Retail Apparel market.
Analyst corner: ‘Hold’ on Motherson Sumi as it reiterates FY25 target
MSS has big growth ambitions although value creation will depend on inorganic opportunities and investment needs where visibility is low. We retain Hold.
Balkrishna Industries Rating: Buy; Poised to gain from demand revival
Strong FCF generation of ~Rs 28 bn estimated over FY22/23e; TP raised to Rs 1,892
Bharti Infratel Rating: Hold; Merger with Indus to boost EPS/RoE
EPS accretion of 5-7% is likely; estimates revised; TP raised to Rs 220; limited upside from current levels; ‘Hold’ maintained
Textile sector in Gujarat witnessing heavy buying
Diwali festivities have brought lots of cheers in Gujarat's textile sector as most of the wholesale markets in the state witnessed heavy buying from across the country.
Adani Power wins short-term contracts to supply 6,100 MW to Punjab
Adani Power has won short-term contracts for supply of 6,100 megawatt (MW) of electricity in auctions held by the Punjab government for procuring a total of 7,000 MW.
Srei may face problem in raising additional debt, say bankers
The RBI has appointed an auditor to conduct a special audit of Srei Infrastructure Finance and its subsidiary Srei Equipment Finance.
Don’t be cost-centric but focus on quality, Gadkari tells auto parts makers
Nitin Gadkari called upon the automobile industry to push for manufacturing of flex engines, which have the versatility to use petrol or ethanol/ CNG as fuels.
Only 27% Indians are financially literate: Sebi’s Garg
The regulator, stock exchanges and institutions need to do a lot more as financial literacy levels are very low in India.
Franklin MF moves Supreme Court against part of Karnataka High Court order
Franklin Templeton Mutual Fund on Monday moved the Supreme Court challenging a part of the Karnataka High Court’s order that asked the fund house to obtain the consent of unitholders of the six debt
Decide on AstraZeneca’s diabetes drug pleas within 15 days, apex court tells Delhi HC
AstraZeneca holds two patents for Dapagliflozin in India. The first expired on October 2 and the other one is due to expire on May 15, 2023.
Steel industry’s iron ore shortage charge ‘artificial’, say miners
Iron ore miners on Monday described as “artificial” the steel industry’s allegation that the steel making raw material is in shortage in the country at present.
Sajjan Jindal calls on Gujarat CM to discuss investment opportunities
Sajjan Jindal, chairman and managing director of the JSW Group, on Monday visited Gujarat Chief Minister Vijay Rupani and expressed interest in investing in port sector.
With rise in cloud migration, Druva to expand workforce in India
Druva, a cloud data protection and management company, is planning to ramp up its workforce in India within the next 12 months
CIL to invest Rs 5,650 cr in solar power projects by FY24
Coal India (CIL) is poised to set up 14 rooftop and ground-mounted solar power projects with a total capacity of 3,000 MW by FY24.
Your Queries: What is the best way to transfer holdings?
Gifting of shares to relative does not attract any tax liability
Your Money: Were you able to meet your financial goals this year?
Many have experienced income loss, salary reduction, or job loss this year due to the Covid-19 pandemic, and you should assess its impact on your critical financial targets and take effective steps to
Indian whiskys make a mark on the global map
Amrut Fusion Single Malt and Paul John’s Mithuna have won top awards from Jim Murray and his ‘Whisky Bible’, in addition to awards from the San Francisco World Spirits Competition and the World
Mutual Funds: Tips on how to choose the funds right for you
From the risk-o-meter rating to performance indicators such as Alpha and Beta along with the Sharpe and Treynor ratios, each indicator helps identify the mutual fund ideal for you.
Delay in supply pacts with discoms seen to hit renewable energy projects
SECI is trying to bundle this relatively high cost power with low cost power from other tenders to offer an agreeable price to discoms.
Water infrastructure: Make smart water a reality
Holistic water management that employs smart technologies is critical to achieving the goals of the Smart Cities Mission
Air traffic continues its upward trajectory
For the W.E. 14th Nov’20, the average number of departures per day rose to 1,745 from 1,698 in the W.E.
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Top News
- Dow Jones hits 30,000 as Wall Street bets on 2021 bounce
- COVID-19 vaccine progress check: Envoys from 100 countries to visit Serum Institue and Gennova Pharma in Pune
- Ayodhya Airport to be renamed as Maryada Purushottam Sri Ram Airport, Yogi Adityanath govt decides
- Over 70,000 Indian exporters gear up for Black Friday, Cyber Monday sale through Amazon
- Modi govt gifts Rs 10,000 interest free festival advance to employees of autonomous bodies
- Govt: Share of monthly pending MSME dues gets 'normal'; drops to 20% in Oct while procurement doubles
- Google pays Rs 33,737 cr to Jio Platforms as its biggest-ever investment in an Indian company
- Govt of India blocks 43 more mobile apps including AliExpress over privacy concerns
- US Stocks: Wall Street jumps on Joe Biden transition, Tesla tops $500 billion in market cap
- Taking banking services to last mile: Women self-help groups driving financial inclusion in India
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