Ashok Leyland partners CSB Bank Ltd for vehicle financing

Ashok Leyland partners CSB Bank Ltd for vehicle financing The two companies have signed a Memorandum of Understanding and the partnership will enable them to offer customised financial solutions to the automaker#39;s customers, Ashok Leyland said in a statement.

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Leading Indian bad debt recovery company seeks global partners to boost presence

Leading Indian bad debt recovery company seeks global partners to boost presence ARCIL, with assets of more than 162 billion rupees, is looking to acquire soured debt from “promising” sectors such as renewable energy, road, steel and logistics. It may bring Avenue Capital as a co-investor, Mohapatra said.

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ONDC provides huge growth opportunities for financial services, manufacturing, e-commerce, agri sectors: Deloitte

ONDC provides huge growth opportunities for financial services, manufacturing, e-commerce, agri sectors: Deloitte The Open Network for Digital Commerce (ONDC) is an initiative of the commerce and industry ministry to create a facilitative model to help small retailers take advantage of digital commerce.

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Why this Mr Consistent deserves a place in any long-term portfolio

Why this Mr Consistent deserves a place in any long-term portfolio There are multiple factors that will drive this NBFC’s growth going forward

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OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock

OCCRP alleges Mauritius-based opaque funds invested millions of dollars in Adani stock Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures.

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Strides Pharma arm gets USFDA nod for generic Mycophenolate Mofetil oral suspension

Strides Pharma arm gets USFDA nod for generic Mycophenolate Mofetil oral suspension The approval granted by the US Food Drug Administration (USFDA) is for Mycophenolate Mofetil for oral suspension of strength 200 mg/ml, Strides Pharma Science said in a regulatory filing.

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Ramkrishna Forgings bags Euro 8.25 million order in South America

Ramkrishna Forgings bags Euro 8.25 million order in South America The company will be supplying front and rear axle components for the next five years, it said in a statement.

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Tata Motors, Mahindra gain certificates for production-linked payouts

Tata Motors, Mahindra gain certificates for production-linked payouts Launched in 2020, India#39;s $24 billion production-linked incentive programme covers 14 sectors, ranging from electronic products to autos, and is crucial to boosting jobs in manufacturing, an area where India has struggled.

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Japanification? China would be lucky to have those same problems

Japanification? China would be lucky to have those same problems Despite all the comparisons with Japan that China#39;s economic struggles are drawing, the former actually managed a soft landing with little social upheaval. Just like Japan, China is likely neither headed for global dominance nor set for collapse. But can it manage its problems as well as Japan?

from Moneycontrol Business News https://www.moneycontrol.com/news/business/japanification china-would-be-lucky-to-have-those-same-problems_17223101.html

Why business leaders are saying this is India’s century

Why business leaders are saying this is India’s century India is among the very few economies in the world that possess the full complement of appropriate market conditions backed by pro-growth government policies that aim to deliver sustainable growth over the long term

from Moneycontrol Business News https://www.moneycontrol.com/news/business/why-business-leaderssaying-this-is-india’s-century_17222191.html

SVB Aftermath: US banks need more capital, not a new rulebook

SVB Aftermath: US banks need more capital, not a new rulebook A less complicated regime, simply requiring higher levels of loss-absorbing equity capital, would be both safer and less onerous. Such a reform would ensure banks have enough capacity to bear inevitable losses, strengthen the broader financial system and free regulators from the need to quantify every potential risk

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Hindustan Zinc eyes jump in output under chair Agarwal Hebbar

Hindustan Zinc eyes jump in output under chair Agarwal Hebbar The producer of zinc, used to galvanize steel to prevent rusting, said last week that it wants to grow its annual mined metal output to 1.5 million tons, from around 1 million tons now.

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FirstCry founder probed for alleged $50 million India tax evasion

FirstCry founder probed for alleged $50 million India tax evasion The department, which India’s Ministry of Finance runs, has sent notices to founder Supam Maheshwari asking why he didn’t pay more than $50 million in taxes on equity transactions conducted in privately-held FirstCry, the people said, asking not to be named as the information is not public.

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Reliance AGM 2023 LIVE Updates: Jio, Retail IPO buzz excites investors despite O2C downcycle

Reliance AGM 2023 LIVE Updates: Jio, Retail IPO buzz excites investors despite O2C downcycle Reliance AGM 2023 LIVE Updates: Retail investors, mutual funds and insurance companies increased their holdings in RIL since the last AGM. Analysts and investors are anticipating a slew of announcements particularly in the retail and telecom space

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Reliance AGM 2023 Live Updates: Investors await slew of announcements at 46th RIL AGM today

Reliance AGM 2023 Live Updates: Investors await slew of announcements at 46th RIL AGM today Reliance AGM 2023 Live Updates: Brokerage firm CLSA has retained its #39;buy#39; rating on India#39;s biggest company, Reliance Industries, and increased the target price to Rs 3,060 a share, up 23 percent from its current market price

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Reliance AGM 2023 Live Updates: Stock rises ahead of 46th RIL AGM today

Reliance AGM 2023 Live Updates: Stock rises ahead of 46th RIL AGM today Reliance AGM 2023 Live Updates: Investors are eagerly waiting for value unlocking in the telecom and retail divisions of RIL.

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Reliance AGM 2023 Live Updates: RIL#39;s 46th AGM is set to begin at 2 pm today

Reliance AGM 2023 Live Updates: RIL#39;s 46th AGM is set to begin at 2 pm today Reliance AGM 2023 Live Updates: Investors are eagerly waiting for value unlocking in the telecom and retail divisions of RIL.

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Stake sale, IPO plans in focus for Mukesh Ambani’s annual speech

Stake sale, IPO plans in focus for Mukesh Ambani’s annual speech This year, investors are keen to find out more about the newly listed Jio Financial Services Ltd., as well as Reliance’s fresh investments into renewable energy and the rollout of its 5G network.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/stake-sale-ipo-plansfocus-for-mukesh-ambani’s-annual-speech_17220391.html

Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of top newspaper stories to keep you ahead of others.

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Not possible to slow tech pace, answer is in safeguards, laws to move faster: Microsoft President Brad Smith on AI regulations

Not possible to slow tech pace, answer is in safeguards, laws to move faster: Microsoft President Brad Smith on AI regulations AI - which will increasingly have a positive impact on everyday work and daily life - would need laws and regulations both at a national and international level, he said.

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Lupin gets USFDA nod to market generic drug

Lupin gets USFDA nod to market generic drug The company has received approval from the US Food and Drug Administration (USFDA) to market Pirfenidone tablets in strengths of 267 mg and 801 mg, the Mumbai-based drug maker said in a statement.

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India#39;s Manufacturing Trajectory: Scaling towards global manufacturing excellence

India#39;s Manufacturing Trajectory: Scaling towards global manufacturing excellence Under the theme of "Innovation, Digitization, Sustainability: Scaling towards Global Manufacturing Excellence," the event underscored the notion that India#39;s ascendancy in the manufacturing realm is underpinned by its commitment to delivering product quality and excellence at a competitive cost

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Personal Finance: Early retirement — the debatable concept of FIRE

Personal Finance: Early retirement — the debatable concept of FIRE Financial independence to retire early (FIRE) involves building a nest-egg early in one’s career and a host of emotional challenges

from Moneycontrol Business News https://www.moneycontrol.com/news/business/personal-finance-early-retirement-—debatable-conceptfire_17218691.html

Microsoft President says many nations will look to India#39;s leadership on AI regulation; moots recommendations

Microsoft President says many nations will look to India#39;s leadership on AI regulation; moots recommendations Brad Smith, who is on a visit to India and scheduled to participate in the B20 Summit India starting Friday, penned a blog titled `India#39;s AI Opportunity#39; where he outlined five key recommendations in the Indian context.

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Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure

Suzlon bags 31.5-MW wind energy project from Integrum Energy Infrastructure The company did not disclose the value of the order.

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Top distressed funds mull buying State Bank of India’s bad loans

Top distressed funds mull buying State Bank of India’s bad loans The country’s top state lender earlier this month identified a list of 331 non-performing assets with a combined outstanding value of 960 billion rupees ($11.6 billion), according to a note SBI sent to potential investors and seen by Bloomberg News.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/top-distressed-funds-mull-buying-state-bankindia’s-bad-loans_17217871.html

Enhanced transaction limit of Rs 500 for offline payments comes into force

Enhanced transaction limit of Rs 500 for offline payments comes into force The RBI had proposed to increase the limit on August 10 while sharing the outcome of the monetary policy committee meeting

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JB Chemicals gets USFDA nod to market generic medication

JB Chemicals gets USFDA nod to market generic medication The company has received approval from the US Food and Drug Administration to market Doxepin Hydrochloride capsules in strengths of 10 mg, 25 mg, 50 mg, 75 mg, and 100 mg, JB Chemicals Pharmaceuticals said in a regulatory filing.

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BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission

BHEL manufactures first set of indigenous SCR Catalysts to limit NOx emission These selective catalyst reactors (SCR) were hitherto being imported and this is a significant milestone under the #39;Make in India#39; initiative of the government, a BHEL statement said.

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Snap appoints former Google executive Pulkit Trivedi as India managing director

Snap appoints former Google executive Pulkit Trivedi as India managing director Snapchat parent also unveiled a new operational structure wherein all local teams will directly report to Pulkit Trivedi

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Saudi Arabia and Indian business sectors share common goal of building diversified economies: Top Saudi businessman

Saudi Arabia and Indian business sectors share common goal of building diversified economies: Top Saudi businessman Abdulrahman Al-Fageeh, CEO of Saudi Basic Industries Corporation (SABIC) is leading a delegation of Saudi Arabia#39;s top business leaders set to represent the Kingdom#39;s business interests in the upcoming B20 India Summit to be held in New Delhi from August 25-27.

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SJS Enterprises#39; promoter entity pares 29.5% stake for Rs 550 crore

SJS Enterprises#39; promoter entity pares 29.5% stake for Rs 550 crore The shares were sold in the range of Rs 600-600.06 apiece, taking the combined transaction value to Rs 549.86 crore.

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Godawari Electric Motors lines up Rs 100 crore over next 3 years for business expansion

Godawari Electric Motors lines up Rs 100 crore over next 3 years for business expansion The Raipur-based firm on Tuesday forayed into the electric two-wheeler segment with the launch of Eblu Feo tagged at Rs 99,999 lakh.

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Jupiter Hospitals gets Sebi’s nod to float maiden public issue

Jupiter Hospitals gets Sebi’s nod to float maiden public issue The company issued 16.7 lakh shares at a price of Rs 735 apiece, according to a public announcement.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/jupiter-hospitals-gets-sebi’s-nod-to-float-maiden-public-issue_17214841.html

LIC acquires 6.66% stake in Jio Financial Services through demerger process

LIC acquires 6.66% stake in Jio Financial Services through demerger process "... Corporation has acquired 6.660 per cent shareholding in #39;Jio Financial Services Ltd#39; through demerger action by #39;Reliance Industries Ltd#39;," LIC said in a regulatory filing.

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Honda to hike City, Amaze prices from September

Honda to hike City, Amaze prices from September Honda Cars India Vice President (Sales and Marketing) Kunal Behl said that the company is currently deciding on the quantum of the price increase,

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VIP Industries: How should investors position themselves?

VIP Industries: How should investors position themselves? The luggage company has hit an air pocket as it is losing market share in the value segment and its Q1 numbers are weak

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IIFL Home Finance secures $100 million loan from IFC

IIFL Home Finance secures $100 million loan from IFC The debt-funding will help IIFL HFL increase home finance to the economically weaker sections (EWS) and low-income groups(LIG), including women borrowers.

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China#39;s Honor stages India return with local manufacturing plans in early 2024

China#39;s Honor stages India return with local manufacturing plans in early 2024 Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management.

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Inox Green Energy Services arm bags OM order from NLC India

Inox Green Energy Services arm bags OM order from NLC India Inox Green Energy Services Ltd (IGESL) is a leading wind power operations and maintenance (OM) service provider.

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Credit ratings agencies’ credibility record is peppered with questions on methodology and bias

Credit ratings agencies’ credibility record is peppered with questions on methodology and bias What is the information and data matrix that Moody’s has gathered and processed to prompt them to flag rising political risks in India? Data and information are the very edifices on which the architecture of any ratings action and annotation should rest. There is now a wide body of credible academic literature that have spared no punches on CRAs’ bias against emerging economies

from Moneycontrol Business News https://www.moneycontrol.com/news/business/credit-ratings-agencies’-credibility-record-is-pepperedquestionsmethodologybias_17212071.html

In The Money | Play the ‘Bearish with Limits’ view using a Bear Put Spread

In The Money | Play the ‘Bearish with Limits’ view using a Bear Put Spread After learning how to deploy nuanced strategies to play a bullish view, we will now apply these concepts to a bearish view. In today’s edition, we learn about the Bear Put Spread

from Moneycontrol Business News https://www.moneycontrol.com/news/business/in-the-money-|-play‘bearishlimits’-view-usingbear-put-spread_17212001.html

Tata seeks partnerships for UK battery plant to supply Jaguar Land Rover eVs

Tata seeks partnerships for UK battery plant to supply Jaguar Land Rover eVs The collaborations for the battery plant, capable of supplying cells for at least 500,000 vehicles a year, could range from a joint venture and sharing of knowledge to experimentation and licensing agreements, Balaji said.

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Moneycontrol Pro Weekender | Hope floats consumers’ boats 

Manas Chakravarty RBI consumer confidence survey#39;s Current Situation index has been in pessimistic territory since 2017

from Moneycontrol Business News https://www.moneycontrol.com/news/business/moneycontrol-pro-weekender-|-hope-floats-consumers’-boats _17211551.html

MM gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim by erstwhile arm

MM gets Rs 14.3 lakh penalty notice for incorrect input tax credit claim by erstwhile arm In a regulatory filing, the company said, based on its assessment, prevailing law and the advice of the counsel, it is hopeful of a favourable outcome at the appellate level.

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Abu Dhabi#39;s TAQA evaluating upto $2.5 billion investment in Adani#39;s power business

Abu Dhabi#39;s TAQA evaluating upto $2.5 billion investment in Adani#39;s power business The investment, anywhere between $1.5 billion to $2.5 billion, could be made in single or multiple group businesses, including picking up a near-20% stake in Adani Energy Solutions the report said.

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US Steel is up for sale, but Indian companies aren’t buying

US Steel is up for sale, but Indian companies aren’t buying India’s top private sector steel makers like JSW, Tata Steel and ArcelorMittal have all learnt their lessons from some ill-advised globalization attempts in the past which later came up against regulatory changes 

from Moneycontrol Business News https://www.moneycontrol.com/news/business/us-steel-isfor-saleindian-companies-aren’t-buying_17208571.html

PM-eBus Sewa to act as catalyst for EV promotion across urban centres: SMEV

PM-eBus Sewa to act as catalyst for EV promotion across urban centres: SMEV "Buses being a pivotal source of urban pollution, the decision will help substantially reduce pollution levels and consequential carbon emissions," SMEV Director General Sohinder Gill said in a statement.

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Seeing positive trends in travel, continue to invest in technology at steady pace: MakeMyTrip Group CTO

Seeing positive trends in travel, continue to invest in technology at steady pace: MakeMyTrip Group CTO "Over the last few years, we have expanded beyond our usual B2C space, and have become a travel platform, offering travel products to channels outside of our popular, consumer-facing, travel super-app," Mohan told PTI, citing new features such as myBiz for corporate, myPartner for travel agents and myAffiliate for affiliate partners.

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Inox Wind promoters infuse Rs 500 crore for debt repayment

Inox Wind promoters infuse Rs 500 crore for debt repayment The funds were raised by way of equity share sale of Inox Wind by its promoter and promoter group entities through block deals on the stock exchanges, a regulatory filing said.

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Start-up Street: Social justice and the start-up ecosystem

Disparities in start-ups are a global phenomenon and affirmative action is needed to ensure an equal opportunities environment for aspiring...