Automobile dealers expect weak earnings in FY19: Report

According to study, among those who expect a poorer performance this year, 71 percent said that they did not achieve their revenue target for the year.

Tata Motors ties up with IndianOil for #39;Saarthi Aaram Kendra#39;

The initiative provides pit stops for drivers to take rest, thereby supporting their physical and mental well-being.

As Modi 2.0 comes in, it is time to revamp Skill India

The skilling initiative needs more participation from the private sector to ensure a match between the demand and supply

Fiscal deficit lower at 3.39% in 2018-19

In absolute terms, fiscal deficit at the end of March 31, 2019, stood at Rs 6.45 lakh crore as against Rs 6.34 lakh crore in the revised estimates of Budget.

NCC Ltd may lose Rs 6,100-cr projects; ball in new govt court

The company further said it did not received any communication from the government on the issue.

Adani Green arms to raise $500 mn via dollar denominated bonds

The bonds will be listed on the Singapore Exchange Securities Trading Ltd (SGX- ST) and India International Exchange (iFSC), it said.

RBI may cut repo rate by 25 bps: Analysts

The Reserve Bank will announce its second bi-monthly monetary policy for the current fiscal on June 6. This will be the first policy meet of the central bank after the Lok Sabha elections 2019.

Amazon is asking sellers to bundle products for a minimum bill of Rs 200

This will help the company offset the cost associated with delivery of everyday edible items.

Fed unlikely to respond to bond market calls for rate cuts, yet

The yield curve between three-month bills and 10-year notes also moved further into negative territory.

Raymond#39;s subsidiary Ring Plus Aqua#39;s third plant to come up in Maharashtra

RPAL, an automotive components maker, is a supplier to original equipment manufacturers including BMW, Ford, Maruti Suzuki, Hyundai, Honda, Tata Motors, Mahindra Mahindra, Cummins, VECV, Caterpillar and Fiat.

Oil poised for biggest monthly drop in six months on trade wars

Brent futures are heading for a 10 percent slide in May and WTI for a 13 percent drop, their biggest monthly losses since last November.

Cox Kings posts Q4 net profit of Rs 1,388.84 cr

Consolidated total income from operations of the company stood at Rs 1,262.89 crore for the quarter under consideration. It was Rs 1,214.04 crore for the same period year ago.

Know your minister | Ram Vilas Paswan - Minister for Consumer Affairs, Food and Public Distribution

The Lok Janshakti Party chief is now the Dalit face of the Modi government

Know your minister | Dharmendra Pradhan - Petroleum, Natural Gas and Steel Minister

Pradhan, 49, a tough task-master was credited for implementation of the Pradhan Mantri Ujjawla Yojana to see LPG customer base more than double to 26 crore in just five years

Hinduja Global Solutions Q4 profit rises 6% to Rs 55 crore

Revenue from operations grew 27.9 per cent to Rs 1,284.58 crore in the quarter under review as against Rs 1,003.88 crore in the fourth quarter of 2017-18. The results were announced late Thursday night.

US advocacy group seeks India Trade Representative under PMO

USISPF is also recommending the new government to seriously look at a Free Trade Agreement with the US which encompasses mobility.

How a Rs 40-crore GST fraud unfolded at Manpasand Beverages

MD Abhishek Singh, his brother Harshvardhan Singh and CFO Paresh Thakkar were arrested after a raid on May 23.

PC Jeweller posts Rs 376.8 crore net loss in Q4

Total income, however, rose to Rs 2,203.91 crore during the January-March quarter of 2018-19 fiscal from Rs 2,114.64 crore in the corresponding period of the previous year.

ICC Cricket World Cup 2019 boosts television sales

Sales of smart TVs above 32 inches have seen a 25-30 percent spike

Shares of Japanese automakers hit as Trump threatens Mexico with tariffs

Japan#39;s top automakers and their suppliers for decades have been building vehicles in Mexico for the domestic market and to export to the US

Amazon may be interested in buying Boost from T-Mobile, Sprint

Amazon is considering buying Boost mainly because the deal would allow it to use the new T-Mobile#39;s wireless network for at least six years

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Shares rose 2.6 percent following a conference call with executives in which CEO Dara Khosrowshahi cited business improvements, such as fewer consumer promotions in the second quarter

Panasonic expects Rs 12,000 cr business this fiscal

The company said it expects its B2C businesses to contribute Rs 8,900 crore and B2B to contribute Rs 3,100 crore in the current fiscal

Efforts to import Iranian oil beyond accepted levels will be sanctioned: US

US President Donald Trump last month refused to give waivers to countries like India from buying oil from Iran, in an attempt to reduce Iran#39;s oil exports to zero

JJ asked to pay Rs 25L to 67 patients who had revision surgery for faulty hip implants

Justice Vibhu Bakhru asked the company to disburse the cheques to the claimants within two weeks and listed the matter for further hearing in August 8

Is there more steam left in gold financing companies?

NULL

RBI releases calendar for issuance of gold bonds for first half of FY#39;19

The first tranche of the bonds (2019-20 Series I) will open for subscription on June 3, while 2019-20 Series II will be available from July 8.

Infibeam Avenues Q4 net profit rises to over Rs 75 cr

The net profit stood at about Rs 22 crore in the January-March 2018 period, Infibeam said in a NSE filing.

ONGC Q4 net drops 31% on drop in output, prices

Net profit in January-March at Rs 4,045 crore was 31.6 per cent lower than net profit of Rs 5,915 crore in the same period of the previous fiscal year, the company said in a statement.

SAIL Q4 net profit falls 42% to Rs 468 cr

The company had posted a standalone net profit of Rs 815.57 crore in the corresponding quarter previous fiscal, SAIL said in a regulatory filing.

MTNL Q4 loss narrows to Rs 755.5 crore

The crisis-ridden company had posted loss of over Rs 900 crore in the corresponding period last year.

Lupin#39;s Goa facility may face regulatory action, says USFDA

The company has received a letter from the US Food and Drug Administration (USFDA) classifying the inspection conducted at its Goa facility between January 28 to February 8 as Official Action Indicated (OAI), Lupin said in a regulatory filing.

NCLT approves Tata Steel takeover of Bhushan Energy

The principal bench of NCLT Delhi also rejected objections from Bhushan Energy#39;s former promoter Neeraj Singal opposing Tata Steels#39; bid.

Fitch affirms long-term ratings of six banks at #39;BBB-#39; with stable outlook

#39;The long-term IDRs of SBI, BOB, PNB, Canara and BOI are driven by expectation that the banks are likely to receive extraordinary government support, if required, due to their high systemic importance and majority government ownership,#39; the rating agency said in a note.

Ramco Cements#39; Rs 3,500-cr expansion projects #39;underway#39;

The company is setting up a new plant in Odisha and it was expected to be commissioned by October 2019.

LT picks up about 27K shares of Mindtree

Earlier this month, LT purchased around 20 per cent stake of V G Siddhartha and Cafe Coffee Day in Mindtree through a block deal for about Rs 3,210 crore, and has since topped that up with share purchases from open market.

Expect renewed vigour in economy under Modi 2.0: India Inc

Tweeting while on his way to attend the ceremony, Mahindra said, #39;Bumper to bumper as the sun sets on the way to the PM#39;s swearing in ceremony. But of course it#39;s the dawn of a new government of new opportunities#39;.

NALCO Q4 profit drops 9% to Rs 234 cr

The standalone revenue from operations in the quarter declined to Rs 2,766.2 crore, compared with Rs 2,863.1 crore in the year-ago period, the filing said.

Midhani clocks Rs 130-crore as PAT in FY 19

The PSU achieved a net turnover of Rs 710.85 crore for the year-ended March 31 registering a growth of 7.43 per cent over FY 18, a press release from the PSU said here May 30.

Ujjivan Financial Services Q4 net profit at Rs 12 cr

Total standalone income rose to Rs 13.40 crore during the March quarter from Rs 1.99 crore in the year-ago period, it said in a regulatory filing.

Karnataka and JSW Steel controversy: Govt stands by its decision to sell 3700 acres to JSW

The reply comes at the back of criticism against the HD Kumaraswamy government#39;s decision to sell the land at a much cheaper rate than the market value.

Suzlon Q4 net loss narrows to Rs 294.64 cr

Total income of the company from operations also slipped to Rs 5,074.64 crore in 2018-19 from Rs 8,195.37 in the previous fiscal.

India#39;s GDP growth forecast at 7.1% for FY20

The survey was conducted in May 2019 among economists belonging to the industry, banking and financial services sectors.

EIH Q4 net profit declines over 77% to Rs 13 cr

The company had posted a net profit of Rs 56.13 crore for the corresponding period of the previous fiscal, EIH said in a filing to the BSE.

Jet Airways says not in a position to approve 2018-19 financial results

In a filing to the stock exchanges, the airline said it is not in a position to consider and approve the audited financial results for the year ended March 31, 2019.

Sundaram Finance Q4 net Rs 675 Cr; to raise Rs 11,000 Crore

NULL

Impairment hit: GMR Infra#39;s Q4 loss at Rs 2,341 crore

GMR Infrastructure Ltd (GIL) consolidated total income stood at Rs 2,293.63 crore during the quarter, against Rs 2,234.88 crore in the same quarter in 2017-18, it said.

Rupee falls for 3rd day; slips 4 paise to 69.87 vs USD

At the Interbank Foreign Exchange (forex), the domestic currency opened at 69.76 a dollar and fell further to touch the day#39;s low of 69.93. It finally settled at 69.87 per dollar, down 4 paise over its previous close.

Coal India Q4 net up 362% to Rs 6024 cr

The company#39;s sales was at Rs 26,704.27 crore for the quarter under review against Rs 24,747.10 crore in the same period of FY#39;18.

Transport infra to see Rs 25-30 lakh crore capital outlay in next 5 years: Icra

Amongst the key segments, transport infrastructure is expected to see a major jump with an estimated Rs 25-30 trillion of capital outlay over the next five years.