Business News About Companies In India

MoneyControl

Why OMCâ€™s Q2 results failed to meet streetâ€™s expectations?
Among all three OMCs, BPCLâ€™s results were impressive.
- 22 days ago 19 Nov 19, 8:08am -
#39;Q2 review: Bet on these 13 stocks for strong growth in FY21#39;
Earnings downgrade continued in the September quarter but there were no fresh negatives in terms of outlook in management commentaries.
- 22 days ago 19 Nov 19, 7:43am -
The September quarter results paint a bleak picture for the market
Corporate earnings at a 15-year low with no signs of improvement and an all-time high market cannot go hand-in-hand
- 22 days ago 19 Nov 19, 3:51am -
Earnings hits misses: Top 10 companies which declared Q2 numbers this week
We see the worst is behind us on the earnings front as the cut in corporate tax has boosted bottom-line performance, said Asutosh K. Mishra, Head of the Research, Institutional Equity at Ashika Stock…
- 25 days ago 16 Nov 19, 5:29am -
NBCC (India) Consolidated September 2019 Net Sales at Rs 1,665.57 crore, up 18.47% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Sahara One Standalone September 2019 Net Sales at Rs 0.08 crore, up 20.41% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Jamna Auto Consolidated September 2019 Net Sales at Rs 242.35 crore, down 55.8% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Bombay Burmah Consolidated September 2019 Net Sales at Rs 3,122.82 crore, up 5.63% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Grasim Consolidated September 2019 Net Sales at Rs 18,430.27 crore, up 9.74% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Dish TV Consolidated September 2019 Net Sales at Rs 893.18 crore, down 43.98% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Gateway Distri Consolidated September 2019 Net Sales at Rs 325.09 crore, up 210.97% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Autoline Ind Standalone September 2019 Net Sales at Rs 83.07 crore, down 31.96% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
HEG Standalone September 2019 Net Sales at Rs 564.38 crore, down 68.54% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
Deepak Fert Consolidated September 2019 Net Sales at Rs 1,150.74 crore, down 34.94% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -
ITD Cementation Consolidated September 2019 Net Sales at Rs 709.12 crore, up 14.3% Y-o-Y
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- 26 days ago 15 Nov 19, 4:14am -

Business Today

newGeneral Motors doubling down on SUVs, unveils redesigned Chevy Tahoe, Suburban
The new Chevy Suburban will grow by 1.3 inches to 225.7 inches long - making it one of the longest passenger vehicles on the market
- 31 mins ago 11 Dec 19, 3:50am -
newNo need to worry: Anurag Thakur on reports of govt withdrawing Rs 2000 note
The notes in circulation had grown at an average growth rate of 14.51 per cent year on year wise since October 2014 till October 2016
- 45 mins ago 11 Dec 19, 3:36am -
newADB lowers FY20 growth forecast for India to 5.1%
Southeast Asia's growth this year is expected to be slightly lower than previously expected, as trade reliant economies like Singapore and Thailand are hit hard by the trade war and broader global…
- 57 mins ago 11 Dec 19, 3:24am -
IOC, GAIL signed Rs 46,500 crore use or pay contract with Adani without tender, alleges Trinamul's Mahua Moitra
Dhamra LNG terminal is a five million tonne per annum (Mtpa) LNG import and regasification facility at Dhamra Port, in the Bhadrak district of Odisha, India
- 11 hours ago 10 Dec 19, 5:02pm -
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Biz EOD: SBI under-reported bad loans in FY19; Auto sales down 16% in Apr-Nov; Gross NPA of SCBs declines
Catch top stories from the world of business and economy with BusinessToday.In's end of day report
- 12 hours ago 10 Dec 19, 4:47pm -
ISB placements: B-school receives 1,383 job offers, highest in its history
In terms of the sectoral breakup, consulting last time was 25.15% (at the time of graduation) but this time it was 22.7%. E-commerce went up from 10.6% last year to 11.28%
- 12 hours ago 10 Dec 19, 4:28pm -
Swachh Bharat: 73 PSEs spent Rs 1,019 crore on clean India mission in 2017-18
The Department of Public Enterprises had asked PSEs to spend 33 per cent of their CSR funds towards Swachh Bharat with a mission to clean India by October 2019
- 13 hours ago 10 Dec 19, 3:49pm -
Personal Data Protection Bill: Good news for search engines, start-ups; key things to know
While the contours of the new bill would only be known once it is tabled in the Parliament, experts are optimistic of the bill given data privacy is critical for most users
- 13 hours ago 10 Dec 19, 3:16pm -
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Piramal Enterprises gets CCI nod for subscription of its debentures by CDPQ
Earlier in October, the board of Piramal Enterprises had approved raising of Rs 5,400 crore through a rights issue and preferential allotment of compulsorily convertible debentures (CCDs)
- 13 hours ago 10 Dec 19, 2:54pm -
Ujjivan Small Finance Bank IPO: Share likely to list at 50% premium over issue price
Ujjivan Small Finance Bank IPO: The allotment of shares was conducted on December 10, while the tentative listing date of the firm on bourses is December 12
- 15 hours ago 10 Dec 19, 1:41pm -

Business Standard

Observe.AI, provider of AI solutions to call centre agents, raises $26 mn
This round, which takes the company's total funding to $34 million, will allow Observe.AI to expand its US-India team globally and accelerate product development
- 9 hours ago 10 Dec 19, 7:36pm -
Firms developing new tech can avail of exemption from data privacy rules
Sandbox refers to a testing environment that enables isolated execution of new software or programme before its mass roll-out.
- 9 hours ago 10 Dec 19, 7:35pm -
Nippon Express gets CCI nod to acquire 22% stake in Future Supply
This is the second time in two weeks that the CCI has given its nod to a foreign investment in a Future group company.
- 9 hours ago 10 Dec 19, 7:34pm -
Majority of top 100 Indian firms in terms of m-cap are new entities: Report
A 54 per cent churn in the top names, over the years, belies the market perception of large becoming larger
- 10 hours ago 10 Dec 19, 6:08pm -
Paradigm shift in making: Non-metros take to online video streaming
Hotstar's India Watch Report 2019 shows 63% of online entertainment consumption came from non-metros pushing demand for regional content
- 11 hours ago 10 Dec 19, 5:42pm -
AGR dues: Bharti Airtel seeks shareholders nod to raise $3 billion
The EGM will be held on January 3, 2020.
- 11 hours ago 10 Dec 19, 4:55pm -
Bharti Airtel poised to be biggest gainer if Voda Idea decides to shut shop
Focus on postpaid, 2G network, and vibrant enterprise business make Airtel attractive
- 11 hours ago 10 Dec 19, 4:53pm -
Xander-Dutch APG venture buys two Tata Realty malls for Rs 700 crore
Currently, VRSA has 5.4 million sq ft of properties across Surat, Bengaluru, Chennai, and Punjab.
- 11 hours ago 10 Dec 19, 4:52pm -
A day after facing tech issue, GoAir flight leaves Singapore for Bengaluru
"There were 158 passengers on board. The aircraft is currently being attended to by the GoAir engineering team," he added
- 12 hours ago 10 Dec 19, 4:45pm -
DoT cracks whip, tells telcos to pay pending Rs 1.47-trn AGR dues soon
Further, self-assessment of dues and payments along with the submission of relevant documents as per a licence finance wing letter of November 13 needs to be expedited, the letter said
- 12 hours ago 10 Dec 19, 4:38pm -
Air India plane grounded due to technical reasons, returns to Raipur
A passenger said the flight, scheduled for 12:30 pm departure, was delayed by an hour, and around 25 minutes after take off, it returned to Raipur. He also claimed that lunch was served only evening
- 12 hours ago 10 Dec 19, 4:15pm -
NCLAT stays NCLT directive making MCA party in all insolvency cases
The appellate tribunal's direction came over a petition filed by the government through the Ministry of Corporate Affairs (MCA) challenging the NCLT order
- 12 hours ago 10 Dec 19, 4:10pm -
RIL, Adnoc to co-develop ethylene dichloride facility in Abu Dhabi
The JV will give Adnoc an indirect access to India's growing petrochemical demand, and RIL raw materials for its PVC business in the country
- 12 hours ago 10 Dec 19, 4:09pm -
Voice AI platform Observe.AI raises $26 mn in funding round led by Scale
The latest funding will allow Observe.AI to expand its US-India team globally and accelerate product development
- 12 hours ago 10 Dec 19, 4:05pm -
LIC woos millennials with upgraded website, better customer service
Online upgrade, push to agency and alternate channels has helped it increase market share
- 13 hours ago 10 Dec 19, 3:33pm -

Financial Express

SC interim stay on NCLAT scrapping Dhanuka plan for Orchid Pharma
The Supreme Court’s order came in response to an appeal by State Bank of India, a key member in the CoC, seeking setting aside of the NCLAT order on the ground that the appellate tribunal has erred…
- 6 hours ago 10 Dec 19, 10:31pm -
Google India to face criminal trial in alleged defamation case
The provision exempted a network service provider from liability only on proving that the offence or contravention was committed without its knowledge or that he had exercised all due diligence to pre…
- 6 hours ago 10 Dec 19, 10:27pm -
Stock corner: Maintain ‘Buy’ on Tata Motors and fair valur of Rs 200
JLR gained 20 bps market share y-o-y in the US luxury car market segment at 6.5% y-o-y in 9MCY19 led by strong demand for Discovery, Range Rover Sport and Evoque. JLR has improved its market share fro…
- 6 hours ago 10 Dec 19, 10:06pm -
Stock corner: ‘Buy’ on Dr Reddy’s Laboratories, target price at Rs 3,200
China and Hospital Institutional sales are expected to scale up substantially over time, according to management. India is the key focus market, where the company expects to sustain growth ahead of th…
- 6 hours ago 10 Dec 19, 10:04pm -
Bank of Baroda lowers MCLR by upto 20 bps
The public sector lender has reduced its one-year MCLR, to which all retail loans are linked to, by 5 basis points to 8.25%. Its overnight and one-month rates are down 20 basis points to 7.65% now.
- 6 hours ago 10 Dec 19, 10:00pm -
NBFCs to continue borrowing offshore in FY20, says Fitch
Wholesale lenders in particular, according to Fitch, are at a higher risk of asset impairments. Additionally, those exposed to property-developer financing and large-ticket loans are also at greater r…
- 6 hours ago 10 Dec 19, 10:00pm -
Life insurance industry registers strong growth in November
Individual annualised premium equivalent (APE) increased 27% y-o-y in November for private players, bucking the 2-4% y-o-y growth trend of the past two months, suggest data from Kotak Institutional Eq…
- 7 hours ago 10 Dec 19, 9:36pm -
Maharashtra start-up helps women farmers prevent food wastage
The start-up wants to raise funding by March 2020 to expand its farm supply chain from 1,200 farmers to over 10,000 and increase the production capacity to 70,000 tonne per year.
- 7 hours ago 10 Dec 19, 9:34pm -
Parliamentary committee flags high operating costs in coal mines
Flagging the variation in the operating cost of OC and UG mines, the committee noted that the measures taken by the coal companies have not been successful in bringing down the operating cost in OC an…
- 7 hours ago 10 Dec 19, 9:33pm -
Domestic oil output down 6.1% in Nov; gas production falls 6.2%
The development comes at a time when total consumption of petroleum products in India inched up only 1.4% y-o-y to 105.7 MMT in April-September. Consumption of natural gas rose 2.8% to 31,815 MMSCM
- 7 hours ago 10 Dec 19, 9:33pm -
Skilling traders: Walmart to train 50,000 entrepreneurs in India
The comments come at a time when traders in the country are waging protests against Walmart-controlled Flipkart and Amazon for weaning away customers from small and medium businesses through predatory…
- 1 day ago 9 Dec 19, 11:10pm -
Jaypee Infra insolvency: Suraksha’s final bid better than NBCC, RBSA report
The bid evaluation advisory by the corporate valuation firm was conducted for JIL's interim resolution professional (IRP) Anuj Jain and committee of creditors (CoC).
- 1 day ago 9 Dec 19, 11:03pm -
Yes Bank drags McLeod Russel to NCLT over Rs 500-crore loan default
Yes Bank has now filed an insolvency petition before the Kolkata Bench of the NCLT under Section 7 of the Insolvency and Bankruptcy Code (IBC), alleging a loan default of around Rs 500 crore.
- 1 day ago 9 Dec 19, 10:56pm -
Amtek Auto lenders move SC, seek to intervene in insolvency case
The Bench posted the bank’s plea for further hearing in January.
- 1 day ago 9 Dec 19, 10:46pm -
IL&FS Tamil Nadu Power turns operationally profitable in Oct-Nov
The power arm of the troubled Infrastructure Leasing and Finance Company (IL&FS) recorded a PLF of 65% with generation of 4,567 million units during 8MFY20, compared with 55.2% PLF and 3,879 million u…
- 1 day ago 9 Dec 19, 10:39pm -

LiveMint

newJaypee case raises hopes of buyers in other projects
After several round of offers, NBCC and Suraksha Realty have made the final bidding offer to complete the project.According to the government, there are about 1,600 stalled housing projects, consistin…
- 32 mins ago 11 Dec 19, 3:49am -
newErwin Singh Braich, who wants to save Yes Bank, has a back story worthy of Netflix
Erwin Singh Braich says he is Canada’s richest man with a story so fabulous that Netflix Inc. wants to tell it.Braich and his partner, Hong Kong-based SPGP Holdings, have offered to buy 60% of the $…
- 1 hour ago 11 Dec 19, 3:01am -
newOil India keen on taking full control of NRL
As part of its strategy to divest stake in BPCL, the government on 21 November decided to carve out NRL from BPCL.BPCL holds 61.65% stake in NRL, while Oil India holds 26% and the government of Assam…
- 2 hours ago 11 Dec 19, 2:35am -
Reverse Pitch | 'Confluence of real money gaming and cheap data heralded era of Gaming 2.0'
Today, India has over 200 million users spending hours every week on sports fantasy games or casual e-sports
- 11 hours ago 10 Dec 19, 5:12pm -
Toyota Kirloskar Motor announces top-level restructuring
The company said that these changes would boost the alignment of resources for better optimization alongside enhancing efficiencies across operations.Raju. B. Ketkale is now promoted as the deputy-man…
- 12 hours ago 10 Dec 19, 4:13pm -
RIL plans to develop chemical facility in Ruwais with Adnoc
Reliance Industries and Abu Dhabi National Oil Company will explore setting up of a facility in UAE to produce ethylene dichloride, which goes into making of PVC.This agreement comes in the backdrop o…
- 12 hours ago 10 Dec 19, 4:12pm -
RIL signs agreement with ADNOC to setup EDC facility in Ruwais
EDC is used in making of polyvinyl chloride (PVC) that is used in pipes, tubes and cable.ADNOC Group CEO Sultan Ahmed Al Jaber and RIL Chairman and Managing Director Mukesh D Ambani were present at th…
- 13 hours ago 10 Dec 19, 3:27pm -
Reckitt Benckiser awards media business to dentsuX
DentsuX India won the mandate against the incumbent agency group, IPG, as well as Starcom, Madison and Havas.According to a report by exchange4media, the account is worth ₹500 crore, and was being…
- 14 hours ago 10 Dec 19, 2:43pm -
Antitrust body OKs Piramal Enterprises’ issue of CCDs to Canadian pension fund
Piramal Enterprises had in October entered into an agreement with CDPQ to raise ₹1,750 crore via issuance of 1,15,894 CCDs.The flagship listed firm of the Piramal Group of companies planned to rais…
- 14 hours ago 10 Dec 19, 1:58pm -
Nippon Express gets CCI nod to buy 22% stake in Future Supply
Nippon Express will acquire the said stake in Future Supply for ₹641 crore.Nippon Express will also have a right of first refusal (RoFR) on future stake dilution by Future Supply
- 15 hours ago 10 Dec 19, 1:47pm -
CDC Group invests $36 million in Ecom Express
Ecom Express claims that it reaches over 90% of India’s population, with more than 85% of its presence in Tier 2,3 and 4 cities.The fundraise comes after over two years, when it last raised $30 mill…
- 15 hours ago 10 Dec 19, 1:38pm -
IDBI Bank to sell up to 49% shares in 2 subsidiaries
IDBI Bank said even after share sale, it will retain controlling stake in the subsidiaries--IDBI Capital Markets & Securities and IDBI Intech--with itself.Shares of IDBI Bank closed at ₹33.50 o…
- 15 hours ago 10 Dec 19, 1:18pm -
Daimler Financial Services India withdraws bond sale on unfavourable market conditions
Besides financing dealers with a penetration rate of almost 100%, Daimler Financial Services India also funds passenger and commercial vehicles to its customers.The plan was to raise ₹150 crore on…
- 15 hours ago 10 Dec 19, 12:54pm -
Virtuous Retail buys Tata Realty’s retail mall portfolio for $100 mn
Tata Realty has sold two shopping malls in Amritsar and Nagpur to Singapore-based Virtuous Retail South Asia for $100 mn.The shopping mall at Amritsar, Punjab, has a leasable area of one million sq ft…
- 16 hours ago 10 Dec 19, 12:31pm -
Yes Bank mulls $500 mn Citax lifeline, Braich remains in fray
Yes Bank said binding offer of $1.2 billion submitted by Erwin Singh Braich/SPGP Holdings continues to be under discussion.Yes Bank said on 29 Nov after a board meeting that several investors had show…
- 16 hours ago 10 Dec 19, 12:20pm -

Economic Times

newShare market update: Vodafone Idea, Dish TV among top gainers on BSE
Among the 50 components in the Nifty index, 15 shares were trading in the green, while 35 were in the red.
- 32 mins ago 11 Dec 19, 3:49am -
newSell Aurobindo Pharma, price target Rs 410: Arun Kumar
The analyst suggested a stoploss at Rs 447.
- 42 mins ago 11 Dec 19, 3:39am -
newBuy Muthoot Finance, price target Rs 737: Arun Kumar
The analyst suggested a stoploss at Rs 679.
- 43 mins ago 11 Dec 19, 3:38am -
newEaseMyTrip plans Rs 700 crore IPO, to be first India-listed OTA
JM Financial and Axis Bank will manage the issue, said one of the people cited above.
- 47 mins ago 11 Dec 19, 3:34am -
newSell InterGlobe Aviation, price target Rs 1,300: CK Narayan
The analyst suggested a stoploss at Rs 1345
- 57 mins ago 11 Dec 19, 3:24am -
newRelaxed rules on pests aided onion imports
The agriculture ministry extended the relaxation in fumigation treatment conditions for the import of onions to January 15, 2020, on December 4.
- 1 hour ago 11 Dec 19, 3:19am -
newBuy Larsen & Toubro, price target Rs 1,310: CK Narayan
The analyst suggested a stoploss at Rs 1265
- 1 hour ago 11 Dec 19, 3:18am -
newBuy Eicher Motors, target Rs 22,000 Kunal Bothra
Buy Eicher Motors Ltd. at a price target of Rs 22000.0 and a stoploss at Rs 20600 from entry point.
- 1 hour ago 11 Dec 19, 3:11am -
newBuy Hindalco Industries, price target Rs 212: Kunal Bothra
The analyst suggested a stoploss at Rs 195
- 1 hour ago 11 Dec 19, 3:08am -
new'BUY' or 'SELL' ideas from experts for Wednesday, 11 December, 2019
Eicher Motors is a 'Buy' call with a target price of Rs 22,000 and a stop loss of Rs 20,600.
- 1 hour ago 11 Dec 19, 3:04am -
newBuy Cadila Healthcare, price target Rs 278: Sagar Doshi
The analyst suggested a stoploss at Rs 245.
- 1 hour ago 11 Dec 19, 3:02am -
newSpiceJet may gain from IndiGo’s move to cut capacity addition
Indi-Go's cut in its incremental capacity by 2-3 per cent reduces the industry's capacity which provides some scope for SpiceJet to show some aggression in adding more room.
- 1 hour ago 11 Dec 19, 3:01am -
newBuy Hindalco Industries, price target Rs 210: Sagar Doshi
The analyst suggested a stoploss at Rs 193.
- 1 hour ago 11 Dec 19, 3:00am -
newMorgan Stanley maintains underweight on RBL Bank, target price Rs 240
Although recent capital-raising is a positive, the brokerage is underweight on the stock due to uncertain asset quality outlook.
- 1 hour ago 11 Dec 19, 2:57am -
newAsian shares adrift as tariff deadline looms
MSCI's broadest index of Asia-Pacific shares outside Japan barely budged.
- 1 hour ago 11 Dec 19, 2:55am -