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Challenging times: JLR woes – Fitch revises outlook on Tata Motors

It said that free cash flow fell significantly in FY18 to negative 4.2% and will further decrease to around negative 6% in FY19.

Fundraising: SBI raises $650 million via green bonds

State Bank of India (SBI) on Wednesday raised $650 million through an issuance of green bonds.

Oct-Dec quarter: Government raises small savings rates by 40 bps

The government on Thursday raised by up to 40 bps interest rates on various small savings schemes for the three months through December, compared with the September quarter, mirroring rising interest

Import curbs: Fresh push to gold schemes likely

The government is considering a multi-pronged approach to trim gold imports, which includes plans to make the monetisation scheme more attractive.

Price support for pulses: Traders eye 40% windfall as govt sells in the depressed market

Nafed offloads old stocks of lentils at 15-20% losses, to purchase kharif 2018 crop shortly at much higher MSPs.

Bhamashah: PSU insurer walks out due to breach of contract leading to huge frauds?

A near five-fold increase in claims since the current phase of Rajasthan’s Bhamashah insurance scheme amid allegations of large-scale fraud by hospitals, has resulted in PSU insurance firm The New I

RBI move: Easier ECB norms may boost capital inflows

The Reserve Bank on Wednesday relaxed external commercial borrowing (ECB) norms for a certain category of firms and allowed Indian banks to market rupee-denominated (masala) bonds.

Modicare: Premium to be capped at Rs 1,110

The Centre will likely cap annual premium outgo for the ambitious Pradhan Mantri Jan Arogya Yojana (PM-JAY) at Rs 1,110/family, to provide Rs 5-lakh-a-year health cover to 10.74 crore households.

Deal counter: Samara-Amazon combine acquires Aditya Birla’s More retail chain

Amazon.com Inc and Indian private equity firm Samara Capital have bought Aditya Birla Group’s food and grocery retail chain ‘More’ for an enterprise value of around Rs 4,200 crore.

July numbers: Reliance Jio displaces Vodafone as 2nd largest operator by subscribers

Reliance Jio displaced Vodafone India and Idea Cellular to emerge as the second largest telecom operator in terms of subscribers at the end of July.

Sebi decisions: Relief for NRIs, cut in mutual fund costs

The Khan committee has suggested allowing non-resident Indians (NRIs), OCIs or overseas citizens of India and resident Indians to be allowed to hold non-controlling stake in FPIs.

Consent plea? ICICI Bank, Chanda Kochhar hint at settlement

The Securities and Exchange Board of India (Sebi) on Tuesday said ICICI Bank and its managing director and chief executive officer Chanda Kochhar have indicated they would like to settle by consent th

US tariff on metals: India defers response on trade deal hopes

New Delhi’s decision to defer tit-for-tat action through a midnight notification on Monday comes at a time when both the countries are engaged in serious trade negotiations.

RHC holdings case: Daiichi moves NCLT seeking stay on insolvency proceedings

Japanese drug major Daiichi Sankyo on Tuesday moved the National Company Law Tribunal (NCLT) to stay the insolvency proceedings against RHC Holding initiated by HDFC Bank.

Whopping Rs 3,463 crore! Flipkart Marketplace invests in Indian arm

Singapore-based Flipkart Marketplace has infused Rs 3,463 crore into the Indian entity Flipkart Internet in two tranches, according to regulatory filings sourced by data intelligence platform Paper.vc

Consolidation: Modi government to merge Dena Bank, Bank of Baroda and Vijaya Bank

Combined entity to be the country’s third-largest lender, other two strong enough to absorb Dena’s PCA shock.

A less rosy view: Goldman cuts India weight

Downgrades to market weight from overweight citing macro headwinds.

2017-18 reading: Household debt almost doubles

The indebtedness of Indian households nearly doubled in the year to March 2018, with their financial liabilities rising 80% to Rs 6.74 lakh crore.

Low procurement: Early kharif crop prices below support price levels

Early market trends as the kharif 2018 crop has started arriving confirm the fears that the price support schemes unveiled by the central government could cost the exchequer much more than conservativ

Liquidation of stressed firms: Creditors staring at 92% haircut

Liquidation value of 124 firms pegged at just Rs 4,817 crore against debt of Rs 57,121 crore; most cases dragging since pre-IBC period.

Niti Aayog halts Oil India’s CGD plans

The Niti Aayog has denied ‘permission’ to state-run Oil India (OIL) to venture into the country’s reinvigorated city gas distribution (CGD) business, arguing that exploration companies must focu

Disinvestment: Series of offers to hit market by November-end; buybacks in Q4

The Centre is banking on minority stake sales in PSUs such as ONGC and Coal India, a further fund offer under the existing CPSE-ETF, buybacks by a clutch of firms, monetisation of a portion of SUUTI h

UDAY discoms: AT&C loss reduction lags target despite 15% cap for March-end

Delayed payments by public entities, staggered release of subsidies, Saubhagya drive keep losses high.

Reliance JioPhone: Rs 500 device now gives half of total subscriptions to company

Almost 50% of the new subscriber additions on Reliance Jio’s network have come from JioPhone since July 5, when the price of the 4G feature phone was slashed from Rs 1,500 to Rs 501 by exchanging it

Modi’s economic review: Disinvestment gets leg-up, no cuts in expenditure

Economists hail fiscal prudence, call for dynamic policy-making to address CAD, rupee worries.

LIC comes to rescue of ILFS; revival plan approved

IL&FS’s largest shareholder, LIC, which holds 25.34%, is believed to have agreed to subscribe to the forthcoming rights issue and extend some immediate working capital loan.

Shut shop and relocate – the new retail policy to cut losses

More than 500 stores have been shut in the last couple of years by brick and mortar retailers across formats, as they focus on improving profitability, cutting rental costs and cautious expansion.

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