Today's Paper - 23/04/2019+ Print Archive

Manic Monday: Soaring crude prices send stocks crashing

Skittish investors rush to take risk off the table for fear rising oil prices would hurt India’s macro-economics.

sensex, niftry, nse, bse, stock markets News

SBI to recruit 9,000 junior staff; Bank of Baroda, IDBI Bank on the lookout too

In a public notice, the bank said it intends to fill 8,904 vacancies, including 251 backlog vacancies for Scheduled Caste (SC), Scheduled Tribe (ST) and Other Backward Class (OBC) candidates.

sbi, psu jobs, job sector News

Trade winds: Exports falter under Modi government’s watch, but value-added segments do well

Some of the segments among the ones that record decent value-addition levels (15-40%) seem to be contributing more to the overall export basket in recent years.

export, import, india economy, us economy, us, donald trump News

Twitter names Manish Maheshwari new India MD

The appointment comes at a time when there are growing concerns over spread of misinformation on social media platforms across the world, especially India.

twitter, twitter india, Manish Maheshwari News

Sexual harassment case against CJI: SC lawyers cite ‘procedural immpropriety by Ranjan Gogoi

On Saturday, the Council of India had condemned the “false and cooked up” allegations against Gogoi and claimed that the entire bar was standing with him and against the “attempt to malign the institution”.

supreme court, sc, chief justice of india ranjan gogoi News

‘Chowkidar Chor Hai’ remark made in heat of political campaigning: Rahul Gandhi tells SC

The top court will consider the matter again on Tuesday.

Congress president Rahul Gandhi, rahul gandhi, congress, lok sabha elections, lok sabha elections 2019 News

Banking on banks: Air India SPV seeks to lower debt burden

The interim Budget for 2019-20 has allocated Rs 2,600 crore to service the debt housed in the SPV.

air india, aviation sector, aviation industry News

SECI extends deadline for 3,000 MW solar tender

This is the third time the SECI has extended the date – original deadline was March 18, 2019.

dolar, solar industry, solar sector News

Infosys chairman Nandan Nilekani says data empowerment to benefit all segments of society

Infosys Technologies co-founder and chairman Nandan Nilekani on Monday said India’s digital infrastructure will play a major role in reviving its economy.

Nandan Nilekani, infosys, infosys technologies, it sector, it industry News

Jio fastest with 22.2 Mbps download speed in February, Vodafone Idea leads in upload: Trai

While Vodafone and Idea Cellular have merged their mobile business, Trai measured their network performances separately.

reliance jio, bharti airtel, vodafone idea, telecom sector, telecom industry News

Blackstone snaps up Essel Propack for $460 million

Ashok Goel Trust and its associates currently hold close to 57% stake in firm; Ashok Goel to retain around 6% stake and remain in advisory capacity for 5 years.

blackstone, essel group, stock markets, bse, nse News

March air traffic growth slowest in 5 yrs; groundings, flight cancellations to blame

The overall market share held by low-cost carriers stood at 78%, the highest ever on the back of Jet crisis.

aviation sector, aviation industry, jet airways, jet airways crisis,spicejet, indigo News

Jet Airways lenders approach govt to safeguard airlines’international landing slots

The lenders are understood to have urged the ministry of civil aviation to protect routes operated by the full-service carrier and its overseas flying rights apart from slots at airports.

jet airways, jet airways crisis, aviation sector, aviation industry News

Adhunik case: Lenders to move NCLT to debar Liberty House

The move comes after Liberty House failed to make the upfront cash payment of Rs 410 crore even within the extended timeline.

Industry News

SC bars banks from declaring Delhi Airport Metro Express debts as NPAs

DMRC has been running the Airport Express line since 2013 after DAMEPL pulled out from running the Airport Express Metro line over safety issues.

Supreme Court, sc News

Volkswagen moves Supreme Court against NGT’s Rs 500 crore fine

The automobile giant had admitted to the use of “defeat device” in 11 million diesel engine cars sold in the US, Europe and other global markets to manipulate emission test results.

volswogen, supreme court, sc News

Maruti Suzuki updates Baleno with BS-VI, hikes price

Volumes of Baleno grew 11% in 2018-19 and has a market share of over 27% in the compact hatchback segment.

marutu suzuki, baleno.automobile sector, automobile industry News

Mahindra Lifespace profit down 34.5% at Rs 31 crore

Mahindra Lifespace Developers (MLDL) on Monday reported a consolidated profit of Rs 31.3 crore for three months ended March 2019, down by 34.5% year-on-year.

mahindra lifespace, real estate sector, real estate industry News

What Earth Day? Most nations still unwilling to do what’s needed to save the planet

Scientists strongly believe that the planet may be in the midst of the sixth mass extinction, and unlike other times in the past, this could be largely anthropogenic.

earth day, environment, planet, india, us, climate change News

Kerala’s housing project for the homeless an initiative worth serious consideration

Under the initiative, the state will be providing shelter to 4.3 lakh families that are without a home.

kerala, kerala government, housing sector, housing industry News

To improve national security, the government must develop mining

The National Mineral Policy of 2019 recognises that minerals are essential for industry and employment and have export potential.

mining, mining sector, mining industry News

Jalan report to help lending rate cuts

Transfer of excess RBI capital to the fisc will not impact liquidity/RBI open market operations (OMO) if it is deployed to recapitalise banks

rbi, bimal jalan, central bank, ex rbi governor bimal jalan News

Reading the clouds: The recent forecast for monsoon in India is a siling lining

A silver lining is the recent forecast for 2019 south-west monsoon. The MET has forecast a near-normal monsoon, and the Skymet has forecast south-west monsoon for 2019 at 93% of LPA. In case these forecasts fail to hold and the monsoon is deficient, certa

monsoon, monsoon forecast, monesoon forecast in india News

Can interoperability strengthen regulatory supervision for the market?

The unification in clearing and settlement services can reduce chances of systematic default or trade disruption.

sebi, stock markets, stock markets in india News

Are stock markets poised for a meltdown?

Investors should make their choices judiciously at this stage

stock markets, indian stock markets, bse, nse News

KPIT takes fresh guard with focus on mobility, auto tech solutions

KPIT has no worries about competition from other IT players offering automotive engineering solutions as Pandit said 90% of the business they do is mechanical while 90% of the business KPIT does was in electronics.

kpit, auto sector, auto industry News

Stock corner: ‘Buy’on Shriram Transport Finance, target at Rs 1,568

By Prabhudas Lilladher We evaluated likely impact of a merger between Shriram Transport Finance (SHTF) and Shriram City Union Finance (SCUF) and believe that it will unlock value for shareholders. Merger of SHTF-SCUF would see holding company – Shriram

Markets News

Analyst corner: Performances of insurers, AMCs to remain under stress – HDFC Securities

Private life insurers’ individual NBPs grew 21% y-o-y to Rs 84 bn in Mar-19 (FY19 growth 17%).

hdfc, hdfc securities News

Rupee drops 32 paise to close at 2-week low of 69.67

The rupee on Monday plunged by 32 paise to close at a two-week low of 69.67 against the US dollar following an increase in crude oil prices amid reports that the US will end waivers on Iranian oil imports. The rupee closed at the lowest levels against the

Rupee drops 32 paise to close at 2-week low of 69.67

Laxmi Vilas Bank board fixes Rs 112 as share price for allotment to Indiabulls Housing

The board of directors of Lakshmi Vilas Bank (LVB) on Monday fixed `112 per equity share as the actual price at which the shares will be allotted to Indiabulls Housing Finance (IBH) on a preferential basis. The LVB board in its April 15 meeting had decide

lakshmi vikas bank, banking sector, banking industry News

Debt schemes: Mutual Funds exposure to DHFL group firms at Rs 6,500 crore

UTI Mutual Fund has investments of around Rs 1,540 crore in various group companies of DHFL across 36 debt schemes, while Reliance Mutual fund has an exposure of Rs 1,436 crore, data available till March 31, 2019, from Value Research showed.

mf, mutual fund News

Chana farmers in Maharashtra turn their backs on govt’s MSP, state records lowest procurement

Since prices are ruling below MSP, the National Agricultural Cooperative Marketing Federation (NAFED) had announced the procurement of 2.5 lakh tonne of chana in the state.

farmers, agriculture sector, agriculture industry News

Uttar Pradesh mills still owe Rs 9,500 crore sugarcane dues

The industry's worsening conditions have been triggered by factors such as years of bumper cane harvests and record sugar production

sugarcane, sugarcane sector, sugarcane industry News

Ginger output likely to be higher in 2019-20

Wayanad and surrounding areas in Kerala, which accounted for bulk crop in the 90s, have seen ginger farming coming down rapidly due to labour shortage and higher input cost.

ginger, ginger production, agriculture sector, agriculture industry News

India needs to prepare as automobile sector readies for paradigm shift

Many start-ups are showing the implications of innovative technologies in a sporadic manner .

automobile sector, automobile industry, gdp growth News

No need to file income tax return if buying property or selling without capital gains

For purchase of property for above Rs 30 lakh, no ITR filing is required,

income tax, income tax return, housing sector, housing industry News

Advantages of taking the mutual fund route for investments and how to allocate portfolio

Balanced Funds are more aggressive, as the equity allocation is higher. Balanced Advantage Funds and asset allocator funds are more defensive, as allocation to equity, which is relatively more volatile, is lower.

mutual fund, mf. portfolio allocation News

Tax exemption on capital gains: Check all the options

The benefit of exemption spans across varied capital gains arising on transfer of any long-term capital asset.

tax, income tax, tax evation, house property News

Stock corner: ‘Buy’ Reliance Industries, Q4 earnings beat estimates by 6.8%

Consumer and petchem segments did very well; demerger of tower and fibre arms to reduce leverage; TP up to `1701

reliance, reliance industries, reliancxe ratings News

Stock corner: ‘Reduce’ Wipro holdings, soft performance in the last quarter

Q1 guidance weak though share buyback will restrict downside; ‘Reduce’ retained with revised TP of Rs 270.

wipro, wipro rating, it sector, it industry News

Matrimony.com obtains junction against Kalyan Matrimony, others

The company, whose flagship brand is BharatMatrimony, has also obtained another interim injunction from the high court against a few other violators who have domain names similar to the trademarks of Matrimony.com brands.

matrimony.com, matrimony News
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