Bank of Baroda has taken Rs 240 crore provision on ILFS: CEO PS Jayakumar

“I would expect that our net non-performing asset (NPA) number in absolute terms to decline," Jayakumar said.

China#39;s factory sector barely grows in October, exports contract: Caixin PMI

The Caixin/Markit Manufacturing Purchasing Managers#39; Index (PMI) for October, released on Thursday, edged up to 50.1 from 50.0 in September. Economists polled by Reuters had forecast a reading of 49.9, just off the 50-mark that divides expansion from contraction.

ILFS crisis: This subsidiary was operating without capital for three financial years

The ILFS board said that loans of more than Rs 1,500 crore provided to one of the companies in the group had been routed through eight other subsidiaries

Kajaria Ceramics: Robust Q2 performance in a tough market

Increase in crude oil and a weaker rupee will continue to have a bearing on natural gas prices and keep a check on margin over the next few quarters

Glenmark launches hair loss treatment product in Russia

The product catering to both male and female patients will be exclusively marketed in Russia by Glenmark Impex LLC, a subsidiary of the company, under a licensing agreement with Denmark#39;s Pharma Medico ApS.

Gold price increase to dampen Indian festive purchases: World Gold Council

A fall in demand from the world#39;s second-biggest bullion buyer could weigh on global prices that are already down 6.5 percent so far this year.

HDFC Q2 preview: Double-digit growth likely, asset quality expected to improve

Asset quality has remained healthy over past several quarters, and the trend is likely to continue, Motilal Oswal said, adding that asset quality in the corporate loan book would be a key monitorable

Will achieve lower double-digit volume growth in FY19: Dabur India

The festive season shifting to Q3 has slowed the pace of growth. However, the company expects a recovery going forward.

Delta Corp, Tata Elxsi among top 5 Muhurat Trading picks: Dipan Mehta

I feel that select small and mid-cap stocks will continue to deliver earnings growth and as and when macro and political uncertainties are resolved, PE multiples for these segments will again expand, says Dipan Mehta, Director, Elixir Equities.

Ease of Doing Business 2019: Here are the top 10 countries

The annual report ranks countries on business-friendliness, procedural ease, regulatory architecture and absence of bureaucratic red tape

Maruti Suzuki October sales grow 0.2% on tepid domestic, weak exports growth

Compact segment, which contributed 44 percent to total sales, registered a 3.7 percent growth in month gone by, Maruti Suzuki said.

A first since acquisition, Tata Motors reduces JLR capex to cut costs

Another 1 billion pound in savings will be achieved through #39;profit and cost actions#39;. Inventory and working capital reductions will help save 500 million pounds

Cash-strapped Jet Airways ropes in McKinsey to help cut costs: Report

McKinsey is helping the beleaguered airline in cost-cutting measures across its functions, along with the Boston Consulting Group, which is helping with revenue enhancement

China#39;s factory sector barely grows in October, export orders extend slump: Caixin PMI

The Caixin/Markit Manufacturing Purchasing Managers#39; Index (PMI) for October, released on Thursday, edged up to 50.1 from 50.0 in September. Economists polled by Reuters had forecast a reading of 49.9, just off the 50-mark that divides expansion from contraction.

Global brokerages expect up to 45% upside in LT after Q2 results

Macquarie has an overweight rating on LT and has raised its target price to Rs 1,880 from Rs 1,825 while JP Morgan has also maintained its overweight rating on LT with a target price of Rs 1,570

Global brokerages see up to 45% upside in LT after Q2 results

Macquarie has an overweight rating on LT and has raised its target price to Rs 1,880 from Rs 1,825 while JP Morgan has also maintained its overweight rating on LT with a target price of Rs 1,570

US-China trade battle shows deepening economic impact across Asia

China#39;s manufacturing sector barely grew last month after stalling in September and export orders contracted further, according to a private sector manufacturing report.

Airtel, Vodafone Idea roll out minimum recharge plans to boost ARPU: Report

This means that users who do not recharge their plans would see outgoing calls blocked in 30 days and incoming ones in 45 days

Brokerages cut Tata Motors#39; target price, maintain views

Macquarie has maintained its outperform rating on Tata Motors, while CLSA has retained its sell rating

SEBI may ask rating agencies to separate rating, non-rating businesses: Report

SEBI is also planning to bring a framework on compensation for rating agencies to ensure that there is a disincentive for them to assign aggressive ratings

Canara Bank shares drop 3% despite strong Q2 results

The company reported a quarterly net profit of Rs 299.5 crore, a 15.4 percent jump from the same quarter last year

UK, EU agree tentative Brexit deal on financial services: Report

British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.

A tough road ahead for India#39;s battered rupee: Reuters poll

Investors have generally shunned emerging market assets this year, made riskier by the international trade tensions and the increasing attractiveness of dollar yields thanks to the US Federal Reserve#39;s steady pace of rate increases.

LT sticks to FY19 guidance, expects additional govt orders before 2019 general elections

LT said growth in order inflow was primarily led by government and public sector undertakings, while the private sector investment continues to remain subdued

Volkswagen and Ford in talks on self-driving and electric vehicles: Sources

The German and US automakers are expected to provide an update on the progress of the talks before year end, said the person, who asked not to be identified.

Investors who have worked with Ashoka Buildcon are very happy: Satish Parakh

Ashoka Buildcon has survived the financial turbulence of the past four years, and has continued to thrive. Recently, it announced a bonus issue which thrilled shareholders.

WhatsApp to appoint India head by year-end

WhatsApp Vice President Chris Daniels on Wednesday met IT Minister Ravi Shankar Prasad to discuss the issue of fake messages, that have in the past triggered mob killings.

GM offers buyouts to 18K workers after posting strong profit

The company said it needs to be smaller to prepare for tougher times that might be ahead as it continues to get ready for a future of electric and autonomous vehicles.

US Federal Reserve unveils proposal to ease regulations for larger banks

The proposal stems from a law Congress passed in May that ordered the Fed to reduce regulatory burdens on community and regional lenders.

Enough supply of petroleum for countries to cut oil import from Iran: Trump

In May, Trump had pulled out of the 2015 landmark nuclear deal, the Joint Comprehensive Plan of Action (JCPOA) terming it as #39;disastrous#39;.

Oil prices fall on signs of rising supplies, ebbing confidence on global economy

The Brent crude January futures contract lost 44 cents, or 0.32 percent, to trade at $74.72 per barrel by GMT 0054 GMT. West Texas Intermediate (WTI) crude futures fell 46 cents to $65.01 a barrel.

ABB India Q2 FY19 review: Leveraging the right business mix

At 40 times its CY19 earnings, the stock is richly valued, particularly in light of the 13 percent return on equity

Investors who have worked with Ashoka Buildcon are very happy: Satish Parakh

Ashoka Buildcon has survived the financial turbulence of the past four years, and has continued to thrive. Recently, it announced a bonus issue which thrilled shareholders.

Govt, RBI must initiate more measures to improve liquidity scenario: FICCI

It further said its members who represent SME sector have been asking for cheaper and easier availability of credit.

KFC reports 25% Q3 growth in India

According to the company, this is ninth consecutive quarter of positive system sales growth for KFC India.

OPEC oil output rises to highest since 2016 despite Iran - Reuters survey

The 15-member Organization of the Petroleum Exporting Countries has pumped 33.31 million barrels per day this month, the survey on October 31 found, up 390,000 bpd from September and the highest by OPEC as a group since December 2016.

WhatsApp to monetise platform with ads in #39;Status#39;

Whatsapp however, did not provide a timeframe for the rollout of this feature.

IRB Infrastructure expects order inflows worth Rs 9,000 crore in FY19

The company had clocked a net profit of Rs 234.73 crore in the corresponding period of the previous fiscal.

New owner of Air Deccan, Air Odisha plans to invest $10 mn in the embattled carriers

Currently, the two scheduled commuter airlines have suspended operations temporarily due to technical reasons, according to an official.

RBI, govt communications have not ever been disclosed: Arun Jaitley

At a news conference, the minister said he would not say anything more than what a press statement issued by his ministry on the RBI row said in the morning.

Lupin promises better show in H2FY19 on US price stability, new launches

The company said it sees the pricing erosion in US settle down at single digit from double digit in the previous quarters.

Ease of biz ranking: Indian can improve further, says Arun Jaitley

The BJP-led government, since coming to the power, has reduced red-tape and corruption, and its reforms have ensured India jumps ranks from 142 to 77, he said.

New board to execute ILFS#39; revival plan in 6-9 months

"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,” a source told Moneycontrol.

India one of World Bank#39;s top reformers: Officials

In the coming years, India could very well improve its ranking further given that the impact of some of the ongoing reforms has not been fully realised or captured yet, they said.

ILFS to execute revival plan in 6-9 months

"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,” a source told Moneycontrol.

Not seeking decryption, but location, identity of those sending provocative msgs: Govt to WhatsApp

After meeting with WhatsApp Vice President Chris Daniels, IT Minister Ravi Shankar Prasad said: "On the issue of traceability, I emphasised that when we talk of traceability, we don#39;t talk of decrypting messages".

Apple#39;s India profit zooms 140% to Rs 896 cr in FY18

The company had registered net profit of Rs 373.3 crore in 2016-17, the documents filed with the Corporate Affairs Ministry showed.

Eurozone inflation rise vindicates ECB stimulus curb

Consumer price growth in the 19 countries sharing the euro picked up to 2.2 percent in October from 2.1 percent last month

MCA may execute revival plan in next six months: Sources

"The government has set an informal time period of six months for reviving the company. However, board has decided to do it by early January,” a source told Moneycontrol.

Ease of Doing Business 2019: India jumps 23 spots to 77th rank in World Bank#39;s latest report

The report also recognises India as one of the top 10 improvers in this year’s assessment, for the second successive time. India is the only large country this year to have achieved such a significant shift.