Nifty Analysis for tomorrow: November 2018

India checking report ILFS employees held hostage by staff in Ethiopia

Seven Indian employees of ILFS have reportedly been held hostage by Ethiopian staff because of non-payment of salaries.

India checking report ILFS employees held hostage by staff in Ethiopia

Seven Indian employees of ILFS have reportedly been held hostage by Ethiopian staff because of non-payment of salaries.

Maruti Suzuki November sales down 0.7% at 1.53 lakh units

The company sold a total of 1,53,539 units in November 2018 against sales of 1,54,600 units in the month of November 2017.

US judge gives preliminary OK to $48 mln Volkswagen investor settlement

Lawyers for the investors had estimated that the maximum they could have recovered was $147 million.

FMCG Wrap: EY says consumer-facing companies need to take bold transformation plans

The EY FutureConsumer.Now imperatives are a result of qualitative research work with more than 200 business leaders, futurists and professionals from a variety of different industries for over a year

The Moneycontrol Show | ELSS, tax-saving ideas; Empowering PSU bank CEOs; Market strategies

Watch this video to understand the benefits of investing in ELSS and more.

Microsoft#39;s market value overtakes Apple#39;s to close out week

Shares of Microsoft rose 0.6 percent to end the week at $110.89, putting its market capitalisation at $851.2 billion.

#39;Good signs#39; on US-China trade, Trump says ahead of Xi talks

Trump has slapped punishing tariffs on more than $250 billion in Chinese imports so far this year, demanding that Beijing end allegedly unfair trade practices.

US, Canada, Mexico sign trade deal, Trump shrugs off Congress hurdle

The leaders of the three countries agreed on a deal in principle to replace the NAFTA, which governs more than $1.2 trillion of mutual trade.

China looks to boost agricultural exports to India: Xi Jinping

Xi also indicated greater trade in the pharmaceuticals sector between China and India.

Will award ceremonies be able to mainstream poker like any other sport?

70 poker players would be felicitated at the poker awards in Mumbai on Saturday.

Vodafone-Idea AGM on December 22 to ratify appointment of CEO, other directors

In a regulatory filing on Friday, the company said that its 23rd Annual General Meeting (AGM) will be held on December 22, to seek shareholders#39; nod on appointment of Balesh Sharma as the Chief Executive Officer of the company for a period of five years with effect from August 31, 2018.

Indian banks secure UK court order related to Vijay Mallya yacht sale

In a ruling by Justice Phillips in the court#39;s Business and Property division on Wednesday, the 13 Indian banks were given permission to use certain information disclosed in court as part of a worldwide freezing order (WFO) against the 62-year-old businessman in an unrelated case involving the sale of a luxury superyacht believed to be previously owned by Mallya before he abandoned it last year.

Dalmia Bharat Cement develops new chemically modified cement

The company has already filed a patent for engineered speciality cement, Executive Director Sujit Ghosh said.

In investment-heavy phase of long term strategy for India: Oppo

Oppo, which competes against brands like Xiaomi and Samsung among many others, said that its India MD Yi Wang#39;s exit from his role was a "mutual decision" and that the company will announce his successor at "an appropriate time".

Managing Money with Moneycontrol | Invest in ELSS to save tax

Kayezad E Adajania examines the tax benefits of ELSS, and discusses the advantages of investing in it over other small saving schemes like PPF, or National Saving Certificate.

Managing Money with Moneycontrol | Investing in ELSS to save tax

Kayezad E Adajania examines the tax benefits of ELSS, and discusses the advantages of investing in it over other small saving schemes like PPF, or National Saving Certificate.

LIC surplus jumps over 10% in FY18, pays Rs 2,430.2 cr to govt

Life Insurance Corporation (LIC) has generated a total valuation surplus of Rs 48,444.82 crore for fiscal 2018, which is 10.1 percent higher than what it had generated in the previous fiscal, the Corporation said in a statement Friday.

Amex sees up to 40% growth in online transactions

It expects to further boost its market by targeting the destination cities, which has been witnessing double digit growth during the fourth quarter of the year.

Tempted to play in mid-price category but will continue with premium mkt: OnePlus CEO

OnePlus, which had entered the Indian market in 2014 with Amazon as its e-commerce partner, usually launches two devices a year unlike other players that play across various price categories.

SAIL needs to be more profitable: Steel Minister Birender Singh

The Union Steel Minister, who visited SAIL#39;s Alloy Steel Plant (ASP) at Durgapur in West Bengal said that the unit is geared up to become profitable from next year, the steel ministry said in a statement.

Jharkhand to sign MoU with Patanjali for marketing organic farm products

The state government will set up organic production clusters in all the 24 districts to promote organic farming, Das said.

OIL share buyback may weaken its financial profile: Fitch

This rate is higher than the rating agency#39;s previous expectation of 2.2x (times), shrinking the already-low headroom for OIL#39;s #39;BBB-#39; standalone credit profile as Fitch#39;s current negative rating norms for net leverage is 2.5 times.

SBI says no fresh divestment in general insurance arm

"We would like to bring to your notice that the said development had happened on September 26, 2018. SBI had announced this development on the same date," SBI said in a statement.

Biocon, Mylan joint product Fulphila gets approval in EU

Fulphila, a biosimilar Pegfilgrastim, jointly developed by Biocon and Mylan, has been approved in European Union (EU), Biocon said in a regulatory filing.

Pizza Hut plans to open over 200 outlets in India by 2022

The company opened its 500th store in the Indian subcontinent in Delhi on Friday. It operates 422 stores in the country.

Banking Transformation â€“ The Cognitive Way

Banks need to find ways to cut through vast stores of data and figure out actionable information that will keep their customers.

Zomato to expand food delivery business to 100 cities

The company#39;s food delivery services are currently present across 93 cities and lists over 75,000 restaurants on the platform, Zomato said in a statement.

AU Small Finance Bank raises Rs 500 cr via NCD

The bank raised the fund from a group of domestic investors which included mutual funds, banks, insurance companies and non-banking finance companies.

65% of Zomato#39;s revenue comes from food delivery serviceÂ

The company is currently associated with over 75,000 restaurants in India and has 1,50,000 delivery partners. It plans to hire 5,000 more delivery partners.

Moneycontrol Ultimate Business Quiz #54: Test your knowledge

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Reliance MF fixed income fund manager Prashant Pimple resigns

According to a source, Pimple is serving his notice period at Reliance Mutual Fund. Where he is headed next is unknown

Battle for capital: Is RBI kitty big enough to warrant a transfer to government?

Levels of central bank capital amounting to about 3 per cent of GDP are not uncommon.

JSPL supplies 1.32 LT rails for eastern freight corridor#39;s Khurja to Bhadan section

The said section of the 1,856-km Eastern Dedicated Freight Corridor (EDFC) was inaugurated Thursday and the Dedicated Freight Corridor Corporation of India limited (DFCCIL) conducted a trial run of freight train Friday.

Masakazu Yoshimura to take over as new MD of Toyota Kirloskar Motor

The formal appointment of the new managing director will be made at the company#39;s board meeting scheduled for January 22, 2019, TKM said in a statement.

Japan France spat over Renault-Nissan brews as Ghosn remains jailed

Ghosn, 64, has been detained in Tokyo since his Nov 19 arrest, and authorities on November 30 approved the maximum 10-day extension of his detention, Japanese media said.

Samsung introduces new line up for hospitality TV segment

The company is eyeing the growing hospitality business and new hotels coming up in the luxury and budget segment across the country to boost its business in the segment.

Inox Leisure allots shares worth Rs 160 cr to promoter

"The board of directors of the company...approved the allotment of 64,00,000 equity shares of face value Rs 10 each to Gujarat Fluorochemicals Ltd, the holding company, (promoter) at the issue price of Rs 250 per equity share, including a premium of Rs 240 per equity share, aggregating to Rs 1,60 crore," Inox Leisure said in a BSE filing.

Lupin launches skin-treatment cream in US

The company has launched the product after having received approval from the US Food and Drug Administration (USFDA) earlier, Lupin said in a regulatory filing.

Seon Seob Kim to be new head of Hyundai Motor in India

Kim, who is currently senior vice president, head of Business Operations Strategy Division at Hyundai Motor Company, will take over from incumbent Y K Koo.

IDFC Bank to seek shareholders#39; nod next month for name change

The bank#39;s board on January 13, 2018 had approved a composite scheme of amalgamation of Capital First, Capital First Home Finance and Capital First Securities (collectively referred as amalgamating companies) with IDFC Bank (amalgamated company).

JLR to lay off staff temporarily at UK plant to adjust vehicle production

The company further said it will undertake a two-week production pause at the plant in December and has asked 500 workers to stay at home although they would continue to draw salaries during the period.

IOB plans to raise up to Rs 300 cr bonds

"The board of directors of the bank, have by circular resolution... approved the raising of tier II capital by issue of tier II Basel III compliant bonds for an issue size of Rs 200 crore with green shoe option of additional Rs 100 crore aggregating Rs 300 crore in one or more tranches on a private placement basis," Indian Overseas Bank said in a regulatory filing.