Page 1702 of Corporate Markets Archives

MoU to enable use of modern tech in cardamom farming

The Spices Board, the Rubber Board and the Digital University of Kerala shared an MoU to use modern techniques to…

July 27, 2021 08:20 IST

Bajaj Auto: Retain ‘buy’ with unchanged TP of Rs 4,400

Bajaj’s 1Q volumes fell 14% QoQ (19% below 1QFY20) as the second wave of Covid took a big toll on…

Updated: July 27, 2021 08:32 IST

Panel to study dues to be paid to Maharashtra co-op banks that lend to sugar mills

The government had stood in as the guarantor for the loans since the RBI and NABARD norms clearly state that…

July 27, 2021 08:14 IST

Insurance cover for home loans: SC asks SBI Life to cough up Rs 84 cr

Irdai had ordered the refunds, as it felt that policyholders under the scheme should not have borne any cost arising…

July 27, 2021 08:04 IST

In India, factoring credit makes up for only 2.6% of total formal MSME loans, way below 11.2% in China. Moreover, only 10% of the total receivable market is currently covered under a formal bill discounting mechanism.

Factoring Bill gets LS nod, to bolster cash flow to MSMEs

The Factoring Regulation (Amendment) Bill, 2020, seeks to broaden the participation of entities in the factoring business, thus expanding the…

July 27, 2021 04:00 IST

“Rental business continued its sustained performance. Office rental grew 12% y-o-y while the retail segment has been impacted again,” the developer said.

DLF posts net profit of Rs 339 crore in Q1

Its total income grew 92% year-on-year (y-o-y) to Rs1,242 core during the June quarter this fiscal. Ebitda rose manifold on…

July 27, 2021 03:45 IST

“By mixing ethanol in petrol, Uttar Pradesh has been able to contribute to a saving of 75.58 million dollars of India’s forex reserve, giving a big boost to the economy in these testing times,” the spokesperson said.

UP achieves 9.89% ethanol blending, highest in the country

As of July 12, the average blending level across the country stood at 7.93%. In June, Prime Minister Narendra Modi…

July 27, 2021 03:30 IST

The Ebitda (earnings before interest, tax, depreciation and amortisation) was also the highest-ever at Rs 10,274 crore, with operating margins coming in at 35.5%.

JSW Steel electrical steel facility plans to get fillip under govt PLI scheme

On July 22, the Cabinet approved a Rs 6,322-crore PLI scheme to boost domestic output of high-grade speciality steel, which…

July 27, 2021 03:00 IST

The share of imports in domestic consumption fell to 5% in 2020-21 from 6.8% in 2019-20 and 7.9% in 2018-19. The share fell even further to 4.7% in the first three months of the current fiscal, data compiled by the steel ministry showed.

Steel imports on the decline in last three years

Against domestic consumption of 98.71 million tonne (MT) in 2018-19, 100.17 MT in 2019-20, 94.89 MT in 2020-21 and 24.58…

July 27, 2021 02:30 IST

“Interestingly, since 2013, the share of NBFCs and HFCs has grown considerably - at the expense of banks. However, in the past 4-8 quarters, banks have been more active than NBFCs,” the agency pointed out.

Loans worth Rs 1.34 lakh crore to real estate sector under severe stress: Anarock

“$18 billion (or 18%) of the overall lending to Indian real estate is under severe stress, implying that there has…

July 27, 2021 01:45 IST

Hindustan Unilever Rating: Buy – Volumes were strong despite Covid wave

Growth broad-based across segments; margins likely to improve in H2; ‘Buy’ rating retained with TP of Rs 2,900

July 27, 2021 01:24 IST

Area under pulses continues to remain low in the current kharif season, raising the spectre of the government resorting to trade-restrictive measures like imposition of stock holding again in November-December.

Basic customs duty removed, agri infra cess halved on lentils

The government has been concerned about the supply constraints and increase in the prices of pulses, a relatively cheaper source…

July 27, 2021 01:15 IST

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