SBM Bank ties up with PayNearby to offer #39;open banking#39; to masses

The partnership would enable the bank to offer complete suite of digital and assisted banking solutions through PayNearby#39;s exhaustive network of micro-enterprise and retail touchpoints, SBM Bank said in a statement.

Titan Q3 FY20 preview - Jewellery bucks the slowdown

We would use stock market weakness for accumulating Titan for the long term

Air India keeping a close eye on its artworks: Report

The artworks include paintings by MF Husain, VS Gaitonde and Anjolie Ela Menon. The collection also includes ancient stone sculptures.

Air India incident: Unruly passengers may be banned from flying

According to the norms listed by the DGCA, airlines can ban the flier for a duration starting from three months.

Tata Nano ends 2019 with zero production, sales of 1 unit

According to a regulatory filing by the company, Tata Motors had zero production and sales of the Nano in December 2019 while it produced 82 units and sold 88 units in December 2018.

Smallcaps to deliver robust returns in 3-5 years, says ICICI Pru MF#39;s S Naren

Since February 2018 till December 2019, the m-cap of companies ranked from 251 to 500 have dropped 23.2 percent while that of beyond 501 companies have decreased by 56.5 percent

Having spent Rs 2.8 lakh crore, govt should not starve PSU banks for capital at this stage

There are six reasons why the timing may not be right for the government to turn off the funding tap for PSBs.

BS-VI shift | Toyota Innova gets costlier by up to Rs 1.12 lakh

These price are introductory and could change in the ensuing period

Godrej Consumer Products expects gradual improvement in demand in upcoming quarters

"During the quarter (ended December 31, 2019), we witnessed relatively mixed demand across some of our geographies of operations... In India, demand continued to be challenging, impacted by a general consumption slowdown," Godrej Consumer Products (GCPL) said in a filing to BSE.

NCLAT dismisses RoC plea on modification of judgement in Tata-Mistry matter

A two member bench headed by Chairman Justice S J Mukhopadhaya dismissed the plea filed by RoC. NCLAT further said that its December 18, 2019 judgement has no aspersions cast against it.

Toyota Kirloskar opens booking for BS-VI compliant Innova Crysta

The petrol and diesel variants of the BS-VI compliant Innova Crysta will be available in both manual as well as automatic transmission options, it added.

Karur Vysya Bank CEO MD PR Seshadri resigns

"Board of Directors of the Bank in their meeting held Monday has accepted the resignation of P R Seshadri," Karur Vysya Bank said in a regulatory filing.

Amazon India inks long-term deals with Future Retail, FCL

The development comes after Amazon had agreed to buy 49 percent stake in Future Coupons Ltd that in turn holds stake in Future Retail Ltd (FRL) last year.

MAN Industries bags export orders worth Rs 400cr

Man Industries (India) Ltd -- a member of the Man Group of India -- is a manufacturer and exporter of large diameter carbon steel line pipes for various high pressure transmission applications for gas, crude oil, petrochemical products and potable water.

A pharma micro-cap with a sound business and reasonable valuations

We draw comfort from the relatively insulated business model and its undemanding valuation

Narayana Murthy shares experience that turned him into #39;compassionate capitalist#39;

Recalling the incident, Murthy said he was engaged in a conversation with a girl, who could only understand French, but it landed him in trouble.

Now, TCS moves Supreme Court against NCLAT Order reinstating Mistry as director

In a major development, the NCLAT had restored Mistry as executive chairman of Tata Sons and ruled that appointment of N Chandrasekaran as the head of the holding company of salt-to-software conglomerate was illegal.

Aramco sinks as Gulf bourses rocked by Iran-US tensions

All seven bourses in the Gulf Cooperation Council (GCC) states closed in the red, on the first trading day since the death of powerful military commander Qasem Soleimani

Govt has taken steps to address issues without waiting for Budget: Sitharaman

She also said that GST collection, which crossed Rs 1 lakh crore per month mark during the last two months, will remain "good" in coming days

Will not be pursuing executive chairmanship of Tata Sons: Cyrus Mistry

The NCLAT had, on December 18, restored Mistry as the Executive Chairman of the Tata Group

Oil PSU unions oppose BPCL disinvestment

The government plans to sell its majority stake in the oil marketeer which can help it raise over Rs 70,000 crore. A senior Finance Ministry official had said this week that the sale might be deferred to the next fiscal.

UCO Bank recovers Rs 800-900cr from four stressed accounts

The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power, a top official of the state-owned lender said.

Passengers allegedly manhandle Air India cabin crew, threaten to break cockpit door on Delhi-Mumbai flight

"The AI865 flight on Thursday got delayed as it developed a technical snag. It had to return to the bay. Passengers started knocking on the cockpit door, asking and taunting the pilots to come out," an airline official told PTI.

RBI nod for rehabilitation benefits to Jammu and Kashmir Bank borrowers hit by recent events

The bank, it said, has accordingly initiated the process to implement rehabilitation package to its borrowers.

Bharti Airtel gets shareholders nod to raise up to $3 bn

The second special resolution was for issue of foreign currency convertible bonds and unsecured/secured redeemable non-convertible debentures along with or without warrants.

Wrap: Cautious October-December quarter growth for mutual fund industry

The growth, however, is still a silver lining as after a year of defaults and downgrades that spelt trouble for the MF industry, it managed to maintain a growth trajectory.

Ghosn lawyer feels betrayal, sympathy over tycoon#39;s Japan escape

"First, I was filled with a sense of strong anger. I felt betrayed," Ghosn#39;s lawyer Takashi Takano wrote in his blog, stating that he had not been informed about the plan in advance.

IOB receives Rs 4,360-cr capital infusion from govt of India

In a regulatory filing to the stock exchanges, the bank said it has received the amount as contribution of the government in preferential allotment of equity shares during the financial year 2019-20 as government#39;s investment.

Taking steps for smooth functioning of branches on Jan 8: Syndicate Bank

In a BSE filing, the lender said it has received notice by the All India Bank Employees#39; Association, Bank Employees Federation of India, Indian National Bank Employees#39; Federation and Indian National Bank Officers#39; Congress on the proposed one-day strike next week.

Future Retail board approves raising funds up to $500 million

"The board has reconsidered the various funding options for the acquisition of the retail infrastructure assets and found it more efficient to fund the same through the USD denominated borrowings...," the company said in a BSE filing.

This week in Auto: Chinese cos become face-saver for the Indian Auto Expo, new launches to light up January

Here is a complete round up of all the top automotive news of the week

CEO Tim Cook sees pay ebb along with Apple performance

Cook, who took home $15.7 million in 2018, is paid a base salary of $3 million, in addition to a bonus and various compensations.

Revenue Secretary asks tax officials to put special effort to check evasion, meet target

Direct tax collection target for the current fiscal has been pegged at Rs 13.35 lakh crore despite corporate tax relief of 1.45 lakh crore.

HPCL begins supply of IMO-compliant marine fuel

The new global IMO rules require the maximum sulphur content in marine fuel oil to be reduced to 0.5 per cent from the previous levels of 3.5 per cent, effective January 1, 2020.

More Indians now prefer smartphone to friends and family, study reveals

The respondents in the survey, nearly 75 percent of them, admitted to having owned a smartphone right from the teenage years.

Finance Ministry implores banks to boost RuPay, UPI infra: Report

Non-complaint businesses would face a daily penalty of Rs 5,000.

Renault India sales up 64.73% at 11,964 units in December

With the introduction of new products Triber, Kwid and Duster, the company said its sales in 2019 grew 7.8 percent to 88,869 units as against 82,368 units in 2018.

India extends $75 mn line of credit for solar parks in Cuba

"Exim Bank has entered into an agreement dated July 16, 2019 with Banco Exterior De Cuba, for making available to the latter, Government of India supported Line of Credit (LoC) of USD 75 million for the purpose of financing installation of 75 MW Photovoltaic Solar Parks in the Republic of Cuba," it said.

SBI plans to sell 1% stake in NSE; invite bids

"SBI is one of the shareholders of National Stock Exchange of India Ltd and intends to divest up to 1.0101 per cent (50,00,000 equity shares) of its equity shareholding in NSEIL (National Stock Exchange of lndia Ltd) through a competitive bidding process," the lender said in a public notice.

Bank of Baroda raises Rs 920cr by issuing Basel III compliant bonds

The issue which opened on Thursday and closed the same day, saw a total of 11 allottees through private placement of bonds, the bank said in a BSE filing. A total of 9,200 bonds, aggregating to Rs 920 crore, were issued.

Hyundai opens bookings for compact sedan Aura

The Aura, which will be available in both petrol and diesel engine options, can be booked with a down payment of Rs 10,000 at Hyundai website and dealerships, the company said in a statement.

Ratan Tata moves SC against NCLAT order reinstating Cyrus Mistry as Tata Sons chairman

His petition is separate from the one filed by Tata Sons Ltd, the holding company of the USD 110 billion salt-to-software conglomerate, in the Supreme Court on Thursday that sought a stay on the National Company Law Appellate Tribunal#39;s December 18, 2019 order to reinstate Cyrus Mistry as the chairman.

Insecticides India gets green nod for Rs 40cr pesticide unit in Gujarat

The union environment ministry has given the go-ahead to IIL#39;s proposed project after taking into account the recommendations of a green panel.

SEBI to revisit mutual fund categorisation, circular likely next week

In order to enable investors to make accurate comparisons of schemes, SEBI introduced categorisation and rationalisation of mutual fund schemes in October 2017.

TVS Motor unveils new 125 cc race edition scooter in Sri Lanka

"The scooter has become an immediate favourite and we are sure the Race Edition will satisfy the customers seeking an element of thrill and wanting more from the scooter," he said.

Amid promoters#39; spat, InterGlobe Aviation to hold shareholders#39; meet on January 29

The meeting is being convened following request by co-promoter Rakesh Gangwal and related entities who together hold 36.64 percent stake in the company, the parent of the country#39;s largest airline IndiGo.

IOC eyes asset monetisation via SVP route, may approach PE, VC funds: Report

The funds raised would be used to expand operations and reduce borrowings

Kia Motors hikes prices of Seltos by up to Rs 35,000

The South Korean automaker had launched its maiden vehicle, Seltos in India last August with price starting from Rs 9.69 lakh.

At SoftBank’s jewel in India: ‘Toxic’ culture and troubling incidents

But at least part of Oyo’s rise in India was built on practices that raise questions about the health of its business, according to financial filings, court documents and interviews with 20 current and former employees, as well as others familiar with the startup’s operations. Many spoke on the condition of anonymity for fear of retaliation from the company.

Tata-Mistry case | NCLAT reserves order on RoC plea, judgement likely on January 6

During the proceedings, the Ministry of Corporate Affairs said that it was discharging its duty and has not committed any illegality in conversion of Tata Sons from public company to a private company.

Tata-Mistry case |NCLAT reserves order on RoC plea

During the proceedings, the Ministry of Corporate Affairs said that it was discharging its duty and has not committed any illegality in conversion of Tata Sons from public company to a private company.