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Reputation: 3,853 • Just now
Suits & Sayings: Round-up of weekly whispers & murmurs
ETs weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours.
The Economic Times
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Reputation: 3,853 • Just now
Covid-19: Unions fail to convince Bajaj Auto to shut unit
A union leader, Thengade Bajirao, told ET that about 250 people had tested positive for Covid-19 at the plant and about 800 people were quarantined till the end of June. Six employees have succumbed to the disease, he said.
The Economic Times
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Reputation: 3,853 • Today 3:56 AM
Yes Bank puts up for sale properties of Avantha Group, RHC Holdings for recovery of over Rs 1,000 crore
In a sale notice to the public in general and in particular to Avantha Holdings Ltd (the borrower) and Avantha Realty (mortgager), Yes Bank said it took constructive possession of the property mortgaged to it on February 10, 2020 for recovery of Rs 548.30 crore.
The Economic Times
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Reputation: 3,853 • Today 3:51 AM
BPCL holds 62 patents; 68 more innovations awaiting approvals
Since its establishment in July 2001, Bharat Petroleum's Corporate Research & Development Centre (CRDC) has developed a bouquet of innovations, bagging as many as 62 patents from the country as well as abroad, including the US and Europe, and 68 more are pending for approvals.
The Economic Times
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Reputation: 3,853 • Today 1:06 AM
ICICI Bank board to meet on July 8 to decide on fund raise
The bank could raise as much as $3 billion according to an earlier Bloomberg report .
The Economic Times
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Reputation: 3,853 • Today 12:56 PM
Thierry Delaporte has tough task at Wipro, where he takes over as CEO on July 6
Abidali Neemuchwala, who stepped down as Wipro CEO in June after a four year stint, struggled to revive fortunes of Wipro, despite spending over $ 1 billion in acquisitions and restructuring businesses.
The Economic Times
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Reputation: 3,853 • Today 12:51 PM
Covid-19 impact: Q1 to be a washout for IT sector, say analysts
TCS is expected to see revenue drop by 6%, Infosys by 5% and Tech Mahindra by 9%.
The Economic Times
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Reputation: 3,853 • Today 12:38 PM
Trade Setup for Monday: Top 15 things to know before Opening Bell
Key support level for the Nifty is placed at 10,569.57, followed by 10,531.83. If the index moves up, the key resistance levels to watch out for are 10,638.17 and 10,669.03.
Moneycontrol
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Reputation: 3,853 • Today 11:41 AM
Reliance plans to up aviation fuel stations by 50 per cent
Following the COVID-19 pandemic, while travel restrictions were being imposed elsewhere, India was largely unaffected till the end of March 2020, before the sharp escalation in travel bans globally and lockdowns impacted India's aviation sector too.
The Economic Times
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Reputation: 3,853 • Today 11:26 AM
Trade unions to mobilise people to build public opinion against commercial coal mining
The unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India have also decided to go for a day's strike on August 18, the last date for submitting bids for the auctioning of 41 blocks.
The Economic Times
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Reputation: 3,853 • Today 11:16 AM
Tech Mahindra to bid for BSNL 4G tender, says Indian companies have capabilities
In June, Tech Mahindra signed a pact with state-run ITI Ltd to jointly design and manufacture 4G equipment and work on building capabilities for 5G equipment for the local market.
The Economic Times
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Reputation: 3,853 • Today 10:51 AM
Top 10 firms add Rs 1.37 lakh cr in m-cap; TCS, RIL major gainers
Reliance Industries Limited (RIL) added Rs 28,464.11 crore to take its market valuation to Rs 11,33,168.55 crore.
The Economic Times
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Reputation: 3,853 • Today 10:36 AM
TCS earnings, IIP data among 6 factors guiding market this week
Financial results coming out next week among key factors to decide market mood.
The Economic Times
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Reputation: 3,853 • Today 10:36 AM
Coal India suffers avg daily production hit of 56 per cent during three-day strike
The average daily production by the PSU on the three days was 5,73,000 tonnes, which is 44 per cent of the last 10 days' average production (from June 22 to July 1) of 12,96,900 tonnes, the official said. The coal ministry official said production could take place even on strike days as Coal India employs around one lakh contract workers.
The Economic Times
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Reputation: 3,853 • Today 9:56 AM
Maruti Suzuki chairman pens book on industrialising India
The tasks of making India a country where manufacturing becomes globally competitive, and creating a socially just society, are very difficult, argues Maruti Suzuki chairman R C Bhargava.
The Economic Times
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Reputation: 3,853 • Today 9:53 AM
ICICI Bank plans to raise capital, explores multiple instruments
The instruments the bank considers for capital raising include private placement, preferential issue, qualified institutions placement, further public offer.
Moneycontrol
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Reputation: 3,853 • Today 9:26 AM
Former RBI governor Patel pens book on dealing with NPA issue
Titled 'Overdraft: Saving the Indian Saver', the book focuses on the non-performing assets (NPAs) issue that has afflicted Indian banking in recent years, its causes and Patel's efforts as the RBI Governor in dealing with it.
The Economic Times
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Reputation: 3,853 • Today 8:33 AM
Edelweiss reports Q4 net loss of Rs 2,281.55 crore; revenue dips 36% YoY
The company's impairment on financial instruments for the March quarter stood at Rs 2,039.05 crore against Rs 102.61 crore in the corresponding quarter of the previous financial year.
Moneycontrol
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Reputation: 3,853 • Today 8:21 AM
Finmin may review capital requirement of PSU banks after second quarter
The finance ministry may assess the capital requirement of public sector banks after the September quarter as there would be greater clarity about a spike in bad loans by that time.
The Economic Times
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Reputation: 3,853 • Today 8:03 AM
HDFC Bank deposits rise 25% YoY in Q1 FY21, advances grow 21%
The Bank’s CASA ratio stood at around 40 percent as of June 30, 2020, as compared to 39.7 percent in the year-ago and 42.2 percent at the end of March 2020.
Moneycontrol
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