Maruti Suzuki June sales tank 14%; stock trades flat

In Apil-June period, Maruti said its total sales plummeted 17.9 percent to 4.02 lakh units compared to 4.9 lakh units sold in the same quarter last year

India lowers tariff for KG Basin pipeline network by 64%

The new tariffs are applicable from July 1.

Anil Ambani to sell or lease out Mumbai headquarters, in talks with Blackstone, US-based fund: Report

The company aims to monetise its real estate in order to generate cash to pay off its debt obligations following the ratings downgrade of its group companies

India#39;s manufacturing sector growth moderates in June amid softer rise in orders: PMI

According to the survey, consumer goods was the key source of growth, where robust increases in sales, output and employment were registered.

Revenue buoyancy in indirect taxes weak, need to cut centrally sponsored schemes, says N K Singh

He said the goods and services tax (GST) needs to be watched carefully in the years to come. Compliance needs to be raised and leakages minimised.

Helo expects 100 million monthly users by 2019-end

Helo has appointed grievance officer to meet requirement of Indian government and increasing partners with moderators to check fake information on it platform.

Fintech, start-ups expect tax sops, funding access, digital push in upcoming Budget 2019

It come at a time when the consumption demand is not growing fast enough, investment is tapering and exports are falling.

Lenders of troubled DHFL to meet on July 1

The DHFL debt has been downgraded by multiple rating agencies as the stress kept building up, while the company has also deferred announcement of quarterly results last week.

Fund transfer via RTGS, NEFT set to get cheaper from July 1

The country#39;s largest bank SBI charges between Re 1 and Rs 5 for transactions through NEFT and between Rs 5 and Rs 50 for RTGS route.

Steel ministry to give formal view on RCEP after meeting with stakeholders

Views of the steel sector, which is already under stress due to high imports, assumes significance as the domestic players have raised serious concerns over significant reduction of customs duties under the proposed pact.

Govt to introduce further reforms in GST on July 1 to mark two years of rollout

The ministry said it will introduce the new return system on a trial basis from July 1 and on mandatory basis from October 1.

Time to implement GST 2.0: India Inc

Batting for a single registration process pan-India, CII said building on the milestones of the past two years, it is time to implement GST 2.0.

Markets to be in #39;wait and watch#39; mode ahead of Budget: Analysts

However, markets may see some upmove following the trade truce announced by the US and China at the G-20 summit over the weekend, they added.

Mahanagar Gas to raise CNG, piped gas prices in Mumbai from July 1

The price of CNG will be revised to Rs 51.99/kg in Mumbai and surrounding areas

AAI spent Rs 4 crore in 2018-19 to maintain 26 non-operational airports

In 2017-18, the Airport Authority of India had spent Rs 2.66 crore to maintain these 26 airports.

ReNew Power raises $300 million via rights issue

Goldman Sachs, Abu Dhabi Investment Authority and Canada Pension Plan Investment Board (CPPIB) have subscribed to the issue, with each of the shareholders infusing $100 million.

Bajaj Capital looks at fundraising to meet growth plan

After the transformation in the past two years, the company has witnessed phenomenal growth in both its topline and bottomline, Bajaj Capital Chief Executive Officer Rahul Parikh said.

Grofers targets to convert 200 brick-and-mortar stores into its branded outlets

The SoftBank-backed company has been working on the business model for the past few months and has already converted about 100 such #39;kirana#39; outlets.

ILFS board sets up sub-committee to oversee disinvestment process

During the meeting, ILFS board reviewed the progress on divestment of all domestic and foreign assets outlined in its resolution framework.

HUL is on an aggressive digital transformation, says CEO Sanjiv Mehta

Currently, over 80 experiments are underway to accelerate the company#39;s journey on digital transformation, HUL told the shareholders on June 29.

SC stays payment obligation under option contract in ILFS Securities case

"The Supreme Court in the matter of ILFS Securities Services Limited Vs SEBI others, has passed an order dated June 26, 2019 wherein payment obligation under the option contract (NIFTY CE 5000 27-JUN-2019) has been stayed," NSE Clearing said in a release.

Syndicate Bank to raise up to Rs 500 cr this fiscal

The decision was taken at the board meeting of the bank held on June 29.

Bollywood enjoys #39;acche din#39; as Shahid Kapoor#39;s Kabir Singh, Ayushmann Khurrana#39;s Article 15 rake in the moolah

There is an interesting World Cup match ahead on June 30 when India and England play, which means that collections for both Kabir Singh as well as Article 15 would be impacted to some extent.

Bollywood enjoys #39;acche din#39; as Shahid Kapoor#39;s Kabir Singh, Ayushmann Khurrana#39;s Article 15 bring rake in the moolah

There is an interesting World Cup match ahead on June 30 when India and England play, which means that collections for both Kabir Singh as well as Article 15 would be impacted to some extent.

Reliance MF extends repayment date on Reliance Home Finance NCDs

Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.

Reliance Home Finance misses payment on NCD to Reliance MF

Four schemes of Reliance Mutual Fund--Reliance Ultra Short Duration Fund, Reliance Credit Risk Fund Reliance Strategic Debt Fund--had investment in NCDs of Reliance Home Finance.

India pushes for tobacco exports to China

Earlier this year, China extended protocol, which has remained dormant, on the export of Indian tobacco leaves during the visit of Commerce Secretary Anup Wadhawan to China in January.

JSW Steel bid for Asian Colour Coated Ispat gets lenders nod

JSW Steel has offered to pay Rs 1,525 crore, and Rs 25 crore to operations creditors.

This week in Auto: Demand for GST cut exposes rift in industry; Tata Motors needs transformation says Chairman

Here is the list of all the major news that made headlines during the week

MF Wrap | SEBI becomes impact player in risk management of debt mutual funds

In risk management concerns of debt segments, SEBI and the RBI look to be on same page.

Should DU conduct aptitude tests rather than setting 98% cut-offs?

Students scoring below 97-98 percent do not stand a chance to pursue a career of their choice

The Moneycontrol Show │ Budget Expectations, GST, Market Strategies

Santosh Nair, Editor – Moneycontrol, wraps the stock market action of the week for us and also shares what are market expectations from the upcoming Union Budget.

BS-VI transition may lead to dumping of old stock: Bajaj Auto

The company told its shareholders that a large part of its strength lies in its success in exports, where the markets are not only diverse but also less prone to acute competitive pressures as the domestic market.

The Moneycontrol Show │Budget Expectations, GST, Market Strategies

Santosh Nair, Editor – Moneycontrol, wraps the stock market action of the week for us and also shares what are market expectations from the upcoming Union Budget.

Odisha government presents Rs 1.39 lakh crore budget for FY20

The outlay of the state budget, tabled by Finance Minister Niranjan Pujari in the assembly, is about 15.8 percent more than that of 2018-19.

Measures that Modi government took for India#39;s health in previous budgets

Arun Jaitley announced the start of National Health Protection Scheme in the Budget 2018

RBI tweaks conditions for sale of asset by an ARC to another

The selling ARC will utilise the proceeds so received for the redemption of underlying security receipts, it said.

RBI Governor Shaktikanta Das cautions against cherry-picking of data by experts

Speaking at the RBI#39;s 13th Annual Conference, on the eve of #39;Statistics Day#39;, Das said in recent times there have been animated discussions on the precision of statistical methods.

Fashion retailer Zara FY#39;19 profit dips 13.4% in India

Besides Zara and Massimo Dutti, Spanish fashion firm Inditex also owns fashion brands such as Bershka, Oysho, Pull and Bear, Stradivarius and Uterqüe.

Russian President Vladimir Putin brings own mug to G20 summit

Videos showed Putin, in power for almost twenty years, drinking from a white thermos mug while other leaders drank from regular wine glasses.

Windacre Partnership buys Power Finance Corporation shares worth Rs 755 crore

Windacre Partnership bought the shares for Rs 135 per scrip, translating to a Rs 755.10 crore deal, as per NSE#39;s bulk deal data.

Oh-saka: Fist-bumps, gags and love-ins for US President Donald Trump at G20

As leaders gathered for a group photo, Trump chatted warmly with Russian President Vladimir Putin, patting him gently on the back as they parted ways.

Every McDonald#39;s outlet in India will have a McCafe by 2022

Hardcastle recently opened its 300th McDonald’s store in Mumbai and has set vision 2022 wherein they are planning to open 400 stores by 2022

Why revolving door at USFDA raises ethical concerns?

A revolving door is a practice where people in highly influential positions in the government move to jobs in the private sector and vice-versa.

3 Point Analysis | Budget 2019: Eye capital goods space

Moneycontrol#39;s Sakshi Batra does a 3 Point Analysis of what measures the government can announce in next week#39;s Union Budget

Jet Airways NCLT update: Employee consortium joins hands with AdiGro Aviation to bid for 75% stake

The next NCLT hearing is on July 5

Ola invests in Avail Finance, to build financial solutions for driver-partners

"Avail Finance has entered into a strategic partnership with Ola to build financial solutions for its base of 1.5 million driver-partners. As part of this partnership, Ola will be making a strategic investment in Avail Finance in its series A round of funding," Avail said in a statement on Friday.

Bharti Airtel shuts 3G service in Kolkata

"This is in line with our stated strategy of focusing on serving quality customers with best-in-class service experience. Going forward, we plan to refarm all of our 3G spectrum across India and deploy it for 4G in a phased manner," Randeep Sekhon, CTO – Bharti Airtel said in a statement.

Govt working on finalising fresh divestment plan for Air India: Report

A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.

Govt working on finalising fresh divestment plan for Air India

A Preliminary Information Memorandum (PIM) is likely to be floated in July as the divestment is part of a 100-day agenda.