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Reputation: 15,707 • Just now
SJS Enterprises files Rs 800 cr IPO papers with Sebi
The initial public offer (IPO) is an offer for sale of Rs 688 crore by Evergraph Holdings Pte Ltd and Rs 112 crore by KA Joseph, draft red herring prospectus (DRHP) filed with Sebi showed on Wednesday.
The Economic Times
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Reputation: 15,707 • Today 4:51 AM
Ford reaches out to half a dozen rival carmakers to reboot India operations
In the worst-case scenario, the US carmaker may shut both its plants and turn its Indian unit into a niche operation, selling CKD (completely knocked-down) versions of premium models Endeavour, Ranger, and Mustang Lincoln while keeping doors open for EVs, they said.
The Economic Times
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Reputation: 15,707 • Today 4:41 AM
Sound thinking on telecom sector
A more innovative step would be for the government to convert, in part, at least, the debt the telcos owe it on account of spectrum fees into equity, as suggested by Deutsche Bank in the case of Vodafone Idea.
The Economic Times
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Reputation: 15,707 • Today 4:21 AM
Ahead of Market: 12 things that will decide stock action on Thursday
Mazhar Mohammad of Chartviewindia.in said the advance-decline ratio decisively remains skewed in favor of the bears.
The Economic Times
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Reputation: 15,707 • Today 4:06 AM
Dell tops most-desired brands list, shows report
There are 29 categories in the top-50 showing a diverse consumer choice. However, mobile phones are the most-desired category with nine entrants, followed by laptops and televisions (four brands each), he added.
The Economic Times
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Reputation: 15,707 • Today 3:51 AM
HCL Technologies names Jill Kouri as Global Chief Marketing Officer
Kouri joins HCL Technologies most recently from JLL, where she was Chief Marketing Officer, Americas, for seven years.
The Economic Times
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Reputation: 15,707 • Today 3:41 AM
Automakers likely to dispatch around 290,000 units to retail outlets in July
Passenger vehicle sales in India had peaked at 3.39 million units in calendar year 2018. While the 2021 annual sales are unlikely to touch the 2018 level, due to the disruption caused by the second wave of the coronavirus outbreak earlier this year, senior auto industry executives termed the recovery being witnessed in the market as extremely positive.
The Economic Times
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Reputation: 15,707 • Today 3:41 AM
Joinwood Reality’s director Rajesh Agarwal buys Mumbai’s apartment at Rs 90 crore
“Agarwal, who serves as a director in five companies in India, had paid Rs 2.7 crore as stamp duty for this apartment on the 15th floor,” said one person who is aware of the transaction.
The Economic Times
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Reputation: 15,707 • Today 2:51 AM
Government launches digital tools to improve logistics efficiency, sustainability
“These digital initiatives have been launched to fill the gap areas where no action has yet been taken either by private players or any of the line ministries,” the commerce and industry minister said in a release.
The Economic Times
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Reputation: 15,707 • Today 2:41 AM
Yes Bank, Indiabulls Housing Finance to give home loans under co-lending model
The bank is looking forward to further building a profitable and quality home loan portfolio through this partnership, Rajan Pental, Global Head - Retail Banking, Yes Bank said.
The Economic Times
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Reputation: 15,707 • Today 2:36 AM
Wipro, Mahindra chiefs call for reopening schools as Covid cases decline
States like Tamil Nadu and Karnataka are yet to take calls to open schools, while others such as Uttar Pradesh and Maharashtra began opening schools in a limited manner in July itself.
The Economic Times
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Reputation: 15,707 • Today 2:36 AM
Kotak AMC's global innovation fund of fund collects over Rs 1,650 crore
The mutual fund firm's global innovation FoF scheme has tied up to invest in Wellington Global Innovation Fund units, which in turn invests in global innovators such as Alphabet, Facebook, Amazon, Walt Disney, VISA, AstraZeneca, and Netflix.
The Economic Times
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Reputation: 15,707 • Today 2:06 AM
Maruti Suzuki reports net profit of Rs 440 crore in Q1FY22
The company had posted a net loss of Rs 249.4 crore in the corresponding period of the last financial year. Analysts had expected Maruti Suzuki to register a standalone net profit of Rs 787-987 crore in the first quarter of the ongoing financial year.
The Economic Times
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Reputation: 15,707 • Today 2:06 AM
Digital payments up 30.2% in FY21: RBI data
"The RBI-DPI index has demonstrated significant growth in the index representing the rapid adoption and deepening of digital payments across the country in recent years," the RBI said.
The Economic Times
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Reputation: 15,707 • Today 2:01 AM
JM Financial Q1 results: Co reports record 117% jump in net profit, aided by share sales fees
The diversified financial services company posted a net profit of Rs 203.14 crore in the three-month period compared with Rs 94 in the corresponding period last year.
The Economic Times
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Reputation: 15,707 • Today 2:01 AM
RBI imposes Rs 5 crore penalty on Axis Bank
They also include 'Financial Inclusion-Access to Banking Services-Basic Savings Bank Deposit Account'; and 'Frauds-Classification and Reporting'.
The Economic Times
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Reputation: 15,707 • Today 1:56 AM
Large govt capex a possible saving grace for economy in FY22: Yes Bank chairman Sunil Mehta
The Reserve Bank of India (RBI) has projected the economy to grow at 9.5 per cent in the current financial year, lower than its earlier projection of 10.5 per cent. The International Monetary Fund (IMF) has also slashed the GDP growth projection for India to 9.5 per cent from 12.5 per cent earlier.
The Economic Times
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Reputation: 15,707 • Today 1:36 AM
BSNL LoI given to 5 local telecom firms for participation in 4G tender: MoS Telecom
According to a BSNL notice issued in January, the company had proposed to test the quality of Indian telecom equipment before letting them participate in the 4G tender to be floated by the company.
The Economic Times
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Reputation: 15,707 • Today 1:36 AM
CRISIL upgrades Technopark rating to A+/ Stable
The standalone business and financial risk profiles of Technopark were considered by CRISIL for the rating. Since the inception of Technopark, this is for the first time the institution has bagged A+/Stable during the last 10 years of rating with CRISIL. From D (Default) rating in 2014, it moved upward to BB, then to BBB, then to A/Stable during 2019 & 2020.
The Economic Times
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Reputation: 15,707 • Today 1:21 AM
Ashok Leyland to transfer complete electric vehicles business to new arm Switch Mobility
The new company will be launching an electric van in India by the end of this year and it will be aimed at commercial vehicle fleet operators. The company claimed that it already has 2,000 advance orders for the same. It will also house a new e-mobility as a service business under the Ohm brand.
The Economic Times
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