Corporate & Markets

RBI may allow fintech firms to test regulatory sandbox

A regulatory sandbox usually refers to live testing of new products or services in a controlled/test regulatory environment for which regulators may or may not permit certain regulatory relaxations for the limited purpose of the testing.
Focus on financial inclusion, payments and lending, and digital KYC, among others News

Stock corner: Maintain ‘Buy’ on JSPL with revised target price of Rs 225 – Edelweiss

JSPL has achieved Q4FY19 production/sales volume (highest ever) of 1.5mt/1.45mt. After near stagnant sales volumes over FY15-18 at 3.1-3.8mt, FY19 sales volume at 5.12mt translates in to a 36% y-o-y g

Maintain ‘Buy’ on JSPL with revised target price of Rs 225 (Representational image) News

Stock corner: Reiterate ‘Buy’ on SpiceJet with target price of Rs 175

Lenders hopeful of recovering at least a part of their an over Rs 8,000-crore exposure to Jet Airways continue to work to resolve the beleaguered airline’s woes by trying to bring in new investors.

Stock corner: Reiterate ‘Buy’ on SpiceJet with target price of Rs 175 News

Reliance Retail now biggest Indian retailer, FY19 revenue jumps 89%

Reliance Retail on Thursday reported an 88.7% jump in revenues to Rs 1,30,566 crore for 2018-19, while the PBIT (profit before interest) soared 145.2% to Rs 6,201 crore. In the three months ended Marc

Reliance Retail FY19 revenue jumps 89%, company now biggest Indian retailer with 10,000+ stores News

Stellar show: Reliance Industries Q4 profit beats estimates, revenue falls short of view

Increase in revenue is primarily on account of higher realisation for refining and petrochemical products with a 22% increase in average Brent crude price on a y-o-y basis, RIL said.

Reliance Industries Q4 profit beats estimates, revenue falls short of view News

PE/VC investments hit $35 billion in 2018: EY report

Private equity/venture capital (PE/VC) investments in India reached an all-time high of $35.8 billion in 2018, witnessing an increase of 37% in value terms compared to the year before, according to a

PE/VC investments hit $35 billion in 2018 (Representational image) News

Jaypee group chairman to meet homebuyers today to discuss resolution plan

Sources said Gaur wrote two letters to homebuyers, first on April 13 and the second on April 17, where he assured them of his intentions of delivering their housing units in a time bound manner. The m

Jaypee group chairman to meet homebuyers today to discuss resolution plan News

Adani keen on acquiring Jaypee Infratech assets, approaches RP, CoC

In a letter to JIL's resolution professional (RP) Anuj Jain, Adani Infrastructure and Developers (AIDPL) said it is “interested” in participating in the new corporate insolvency resolution process

Adani once more evinces interest in acquiring Jaypee Infratech assets, approaches RP, CoC News

Illegal coal mining slows amid strict vigil during Lok Sabha polls

Mine workers in Sardih, Salanpur, Khaskenda, Neokenda, Pandebswar, Harishpur and Haripur said illegal mining at present has come to a halt and the depots from where the illegal coal are despatched in

Illegal mining slows amid strict vigil during polls News

Castor farmers, traders cheer as prices hit eight-year high

Castor prices are hovering around Rs 1,125 per 20 kg due to unprecedented demand. Sources say that crop size of the castor would be at least 20-30% less in the current season compared to the previou

Castor farmers, traders cheer as prices hit eight-year high News

Sugar technologists seek hike in MSP to Rs 3,600/quintal

The Sugar Technologists Association of India ( STAI) has suggested that the government should set the minimum support price (MSP) for the sweetener to Rs 3,600 per quintal from Rs 3,100 per quintal to

Sugar technologists seek hike in MSP to Rs 3,600/quintal News

Honda India recalls 3,669 units of Accord due to faulty airbags

The customers can check whether their cars are covered under this campaign by submitting their 17 character alpha-numeric Vehicle Identification Number (VIN) on the special microsite which has been cr

Honda India recalls 3,669 units of Accord due to faulty airbags News

Bajaj Qute hits Indian roads after a six-year battle

Bajaj Auto MD Rajiv Bajaj showcased the quadricycle in 2012 but could not sell these in the Indian market and had to fight hard for gaining acceptance for this category.

After a six-year battle, Bajaj Qute hits Indian roads News

Schneider gets CCI nod for Rs 14k-crore takeover of L&T unit

The approval is “subject to compliance of certain modifications”, the CCI said on Twitter. Schneider would partner with MacRitchie, a wholly-owned subsidiary of Singapore-based Temasek Holdings, t

CCI gives nod to Schneider’s Rs 14k-cr takeover of L&T unit News

Tata firm to shift registered office from Odisha to West Bengal, change name

In a major move, Tata Steel subsidiary Tata Sponge Iron on Thursday said its board has approved shifting of the company’s registered office from Odisha to West Bengal and changing its name to Tata S

Tata firm to shift registered office from Odisha to West Bengal, change name News

Neogen Chemicals plans to raise Rs 132 crore from IPO

Neogen Chemicals, a manufacturer of bromine and lithium-based speciality chemicals, proposes to open its initial public offering (IPO) of equity shares on April 24. It plans to raise up to Rs 132.35 c

Neogen Chemicals plans to raise Rs 132 cr from IPO News

ICICI Lombard net rises 7.5% to Rs 228 crore

Even for the financial year 2017-18, the general insurer saw its net profit surge by 21.8% to Rs 1,049 crore largely due to the improvement in combined ratio.

ICICI Lombard net rises 7.5% to Rs 228 crore News

Upcoming elections, uncertainty around Brexit among factors leading to subdued deal activity in Jan-Mar: Grant Thornton

The first quarter of the calendar year 2019 (Q12019) saw 292 mergers and acquisitions (M&As) and private equity (PE) transactions worth $21 billion, which is a 10% and 8% decline both in terms of deal

The uncertainty around Brexit dampening investor sentiment led to a tepid January-March quarter, both in terms of deal value and deal volume, a report by Grant Thornton said. News

Hyderabad pips Bengaluru to dominate office leasing space

Commenting on the findings of the report, CBRE CEO for south-east Asia, Middle East and Africa, Anshuman Magazine said the office leasing activity is expected to remain stable in the short term, backe

Hyderabad pips Bengaluru to dominate office leasing space in Jan-Mar (Representational image) News

Netflix to use cheaper mobile-only plans to grow audience in India

Ted Sarandos, chief content officer at Netflix, said the streaming service was seeing the investment in local language content in India pay back in the form of excitement, member growth and hours grow

Netflix to use cheaper mobile-only plans to grow audience in India News

Reliance to sell six very large ethane carriers to Japan firm

Reliance Industries (RIL) on Wednesday said it has signed a binding definitive agreement with Japan’s Mitsui OSK Lines (MOL) and an unnamed strategic minority investor to sell its stakes in firms th

Reliance to sell six very large ethane carriers to Japan firm News

Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore

The EBITDA margin went down by 0.7% Q-o-Q to 15.2%, which also represents a 0.9% drop Y-o-Y, but the net profit margin grew 0.1% Q-o-Q to 10.8%.

Mindtree Q4 net profit rises 3.7% q-o-q to Rs 198 crore News

Nafed begins procurement of onion from Lasalgaon

Nafed is to procure some 50,000 tonne onions, which includes 45,000 tonne from Maharashtra and 5,000 tonne from Gujarat. This is expected to be Nafed's largest procurement from Maharashtra, so far.

Nafed begins procurement of onion from Lasalgaon News

Gujarat’s technical textile sector sees 10-fold increase in investments

Considered as the sunshine segment for the textile industry, technical textile has shown impressive growth over the past five years in Gujarat as investment jumped over 10 fold during the period.

Gujarat’s technical textile sector sees 10-fold increase in investments News
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