Hero MotoCorp vrooms on higher rural sales; more steam left - 25分前  Business Standard

The Hero MotoCorp stock was up 1.4 per cent after strong sales in the festive season. However, given the expectation of this momentum continuing led by demand pick up both in urban and rural markets, and looking at analysts' target prices, there is room for further upsides for the stock. The immediate trigger has been the news that the company has sold over three lakh units of two wheelers at the retail level on October 17, the day of Dhanteras. The strong conclusion to the festival season follows its record sales in September of over 7 lakh units, its highest ever on a monthly basis. Analysts...more
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Top mutual fund equity schemes struggle to beat benchmarks - 39分前  Business Standard

Pressure to perform amid a sharp rally in the market and high monthly inflow is increasingly becoming evident on mutual fund (MF) schemes' returns. A majority of the most popular equity schemes have failed to beat their respective benchmarks. The performance of most of these, relative to their benchmarks, isn't encouraging on a year-to-date, one-year or three-year time period.HDFC Equity, Aditya Birla Frontline Equity, HDFC Mid-Cap Opportunities, ICICI Prudential Value Discovery, SBI Bluechip, HDFC Top 200 and Franklin India Prima Plus are some of the most popular schemes offered by domestic M...more
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Air India eyes sale of scrapped engine parts for additional revenues - 49分前  Business Standard

The proposal comes at a time when govt is working on the modalities for disinvestment as part of efforts to revive Air Indiaa
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DoT clears Reliance Communications' merger with Sistema Shyam - 55分前  Business Standard

RCom will pay Rs 390 crore pa for the next 8 years to DoT which for spectrum purchased by SSTL
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Analysts scale back price targets as rally defies fundamentals - 1時間前  Business Standard

Over 60 per cent of BSE 500 companies have seen their 12-month target price revised downwards
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Tata Group's corporate governance not up to mark: Nirmalya Kumar - 1時間前  Business Standard

Corporate governance lapses in Tata Sons and Tata Trusts are not being rectified: Nirmalya Kumar
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Arun Jaitley panel finalises launch date of Bharat-22 ETF - 1時間前  Business Standard

An inter-ministerial panel headed by Finance Minister Arun Jaitley today finalised the launch date and quantum of issuance of 'Bharat 22' Exchange Traded Fund (ETF). According to sources, Bharat-22 comprises of 22 scrips of Public Sector Units, banks and those entities in which the government holds a minority stake. It is likely to be launched next month after the launch of IPO of New India Assurance, they said. The Department of Investment and Public Asset Management (DIPAM) today took the ministerial panel's nod for tranche size and launch date, they said without sharing further det...more
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Now, polluting cars will pay 10 pounds as 'toxic charge' to enter London - 1時間前  Business Standard

The European Union had in February asked the British government to combat air pollution in London, one of Europe's most polluted cities.
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Singapore to halt car population growth from next year - 1時間前  Business Standard

Land Transport Authority said it was cutting permissible vehicle growth rate in city-state to 0% from the current 0.25% per annum
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By roping in OBC leader, Congress campaign gains ground in Gujarat - 1時間前  Business Standard

Political analysts point out that this masterstroke might bridge vote share gap between BJP and Congress in Gujarat
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Refund principal amount to 26 home buyers of Noida project: SC to Supertech - 34分前  Business Standard

SC asked Supertech to deposit Rs 10 crore for refunding money to investors who wanted to opt out of its Emerald Towers project
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Weak steel market to delay Mesco-Posco Finex deal - 48分前  Business Standard

The transfer of Finex, a technology patented by Posco, to Mesco Steel is now kept at bay because of the slow down in the steel industry. Both Posco and Mesco have mutually agreed to delay the project till the steel industry revives."The kind of technology they wanted to bring is too expensive and steel industries is not doing well. There is mutually agreement we will not do it for some time till the steel industry gets up", said Rita Singh, chairperson cum managing director of Mesco steel.To facilitate the transfer of Finex technology, both Mesco and Posco had signed a memorandum of agreement ...more
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Stressed European power utilities bet on solar opportunities in India - 50分前  Business Standard

Loss-making European power utilities are turning to India for investment opportunities in renewable energy (RE), drawn by the country's impressive drive in the latter.Engie of France, one of the biggest European power companies, which lost about $40 billion over 2010-16 on its fossil fuel and nuclear holdings, intends to invest $1 billion in Indian solar energy over the next five years, says a report from the US-based Institute for Energy Economics & Financial Analysis (IEEFA). Engie is also exploring opportunities in Indian wind power. In Europe, the growing appeal of RE has pulled down whole...more
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Consumer forums aren't for everyone - 1時間前  Business Standard

Anything absolutely free, without consideration, is out of the ambit of Consumer Protection Act
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No need to stand for national anthem in movie halls, says SC - 1時間前  Business Standard

The next time, govt will want people to stop wearing T-shirts saying this would disrespect the national anthem: SC
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Good news for Haryana govt employees: Dearness allowance hiked to 5% - 1時間前  Business Standard

DA payable under these orders would be paid in cash to all government employees with the salary for the month of October to be paid in November
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McDonald's case: NCLT adjourns hearing of contempt plea by Vikram Bakshi - 1時間前  Business Standard

Counsel for both sides submitted that they would try to complete their arguments before the high court on Oct 25
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Catholic Syrian Bank expects equity investors on board by Dec - 1時間前  Business Standard

Kerala-based Catholic Syrian Bank (CSB) hopes to conclude its equity raising exercise by December.T S Anantharaman, chairman, said the second half of the exercise would be concluded by then. CSB needs Rs 400-600 crore, from current growth projections. Sources say SSG Capital Management, InCred Finance, Aion Capital, JM Financial and Everstone-backed Indo Star Capital are among the investors which have shown interest. CSB's MD & CEO C V R Rajendran, managing director of CSB, would only say that 25-30 investors had shown interest and three-odd rounds of discussion were over.On an initial public ...more
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IEX recoups losses to end 1.5% down on trading debut - 1時間前  Business Standard

Shares of Indian Energy Exchange (IEX) ended 1.5 per cent lower over its issue price during their stock market debut on Monday. The stock had dropped as much as nine per cent, however, managed to recoup most of the losses. The stock ended at Rs 1,625 compared to initial public offer (IPO) price of Rs 1,650. It hit a low of Rs 1,500 and a high of Rs 1,660 on the National Stock Exchange (NSE), where Rs 540 crore worth of shares got traded. IEX is India's largest power trading exchange. Market players said the stock rebounded from the day's low on the back of buying by overseas investors. Foreign...more
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Mahindra Logistics IPO price band fixed at 425-429; to raise Rs 829 cr - 1時間前  Business Standard

Mahindra Logistics Ltd (MLL), part of diversified Mahindra Group, has fixed a price band of Rs 425 to 429 per share for its initial public offer, according to a regulatory filing. At the upper end of the price, the share sale would fetch little over Rs 829 crore. "The price band for the offer has been fixed at Rs 425 to Rs 429 per share of Rs 10 each of MLL with an employee discount of Rs 42 that will be offered to eligible employees," Mahindra & Mahindra said in a regulatory filing. Last week, Mahindra Logistics had received go-ahead from markets regulator Sebi for the initial share s...more
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