Companies may resume hiring activity by January 2021: Report

Companies may resume hiring activity by January 2021: Report Campus hiring is expected to remain subdued, as 27 percent of companies stated they had no plans to resume the activity, while another 39 percent said they are unsure

Tata Steel sales fall 23% to 5.28 MT in April-June quarter; output down 28.49%

Tata Steel sales fall 23% to 5.28 MT in April-June quarter; output down 28.49% The consolidated production during the quarter also fell 28.49 percent to 5.52 MT from 7.72 MT in the first quarter of 2019-20, TSL said in a regulatory filing.

COVID-19 vaccine: Premas Biotech initiates mice studies

COVID-19 vaccine: Premas Biotech initiates mice studies The company said it had successfully completed the manufacturing process for the VLP (virus like particle) vaccine candidate, which includes three surface antigens from SARS-CoV-2.

PMO reviews status of IFSC, discusses issues related to clearing house, LRS

PMO reviews status of IFSC, discusses issues related to clearing house, LRS Meeting comes in the wake of many investors in Hong Kong opting to move out after China imposes special law

PM Narendra Modi LIVE: PM set to address India Global Week 2020

PM Narendra Modi LIVE: PM set to address India Global Week 2020 Live updates of Prime Minister Narendra Modi#39;s address at India Global Week 2020

What 1.1 million foreign students, including from India, contribute to the US economy

What 1.1 million foreign students, including from India, contribute to the US economy About 1.1 million foreign students attended US higher education institutions in the 2018-19 school year, according to a report issued by the State Department and the Institute of International Education (IIE), and they made up 5.5 percent of the entire US higher education enrollment.

Coronavirus pandemic | Federal Reserve officials suggest US recovery may be stalling

Coronavirus pandemic | Federal Reserve officials suggest US recovery may be stalling In separate appearances, Atlanta Fed President Raphael Bostic, Boston Fed President Eric Rosengren and Richmond Fed President Thomas Barkin noted what Barkin characterized as "air pockets" facing the US economy - businesses exhausting existing order books without refilling them, and households facing the end of unemployment benefits and other support.

Air travel during COVID-19: Nearly 800 fliers infected since domestic flights resumed in May

Air travel during COVID-19: Nearly 800 fliers infected since domestic flights resumed in May Considering nearly 2.7 million people travelled by air since May, the infection rate is low at 0,03 percent, said a senior bureaucrat

What 1.1 million foreign students contribute to the US economy

What 1.1 million foreign students contribute to the US economy About 1.1 million foreign students attended US higher education institutions in the 2018-19 school year, according to a report issued by the State Department and the Institute of International Education (IIE), and they made up 5.5 percent of the entire US higher education enrollment.

Forced return home and job hunt: An Indian student worries about the future after new US visa rule

Forced return home and job hunt: An Indian student worries about the future after new US visa rule The US recently banned visas to all international students if their classes have been moved online due to COVID-19. Kavita Ganasekar Reddy, currently pursuing PhD on genome changes in New Jersey, speaks to Moneycontrol about the new norms

“Buy when there’s virus in the streets”

“Buy when there’s virus in the streets” Inspiring conversations with market participants to drive away the pandemic blues

Tesla #39;very close#39; to level 5 autonomous driving technology: Elon Musk

Tesla #39;very close#39; to level 5 autonomous driving technology: Elon Musk Musk added that he was confident Tesla would attain basic functionality of the technology this year, in remarks made via a video message at the opening of Shanghai#39;s annual World Artificial Intelligence Conference (WAIC).

PhD worries, deportation, fresh job searches: This Indian student battling new US visa norms has a lot to lose

PhD worries, deportation, fresh job searches: This Indian student battling new US visa norms has a lot to lose The US recently banned visas to all international students if their classes have been moved online due to COVID-19. Kavita Ganasekar Reddy, currently pursuing PhD on genome changes in New Jersey, speaks to Moneycontrol about the new norms

India#39;s inflation likely slowed in June as output returns

India#39;s inflation likely slowed in June as output returns Headline inflation numbers were not released in April and May due to inadequate data collection owing to the novel coronavirus-driven lockdown restrictions.

Indian alternative to Chinese goods during festive season to be available, CAIT says

Indian alternative to Chinese goods during festive season to be available, CAIT says Elaborate plans have been made to ensure all festivals from Rakhi in August to Diwali in November will be celebrated using Indian goods, said Praveen Khandelwal, Secretary-General, CAIT.

At Rs 11,000 crore, outlay by auto companies hit multi-year low

At Rs 11,000 crore, outlay by auto companies hit multi-year low As per the capex guidance provided by 12 listed companies there is a 40-42 percent reduction in capex for the year

ISEC looking to close above all-time high

ISEC looking to close above all-time high The stock is now looking to close above its all time high and once it does that there could be a significant move up

Go short on Petronet, chart shows indecision

Go short on Petronet, chart shows indecision The last triggered signal in the Point Figure chart is a sell signal indicating sellers are in control

Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt

Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt Founded in New York in 1818, Brooks Brothers survived two world wars, the Great Depression and even managed to stay afloat as dress standards eased in the office.

FMCG consumption grows by 10% in urban areas, rural purchases low: Kantar Worldpanel

FMCG consumption grows by 10% in urban areas, rural purchases low: Kantar Worldpanel Growth in the sector for rural areas has been low due to logistical issues and low purchases in the month April.

AMFI June data: Net equity inflows at Rs 225.3 crore versus Rs 5,045 crore MoM

AMFI June data: Net equity inflows at Rs 225.3 crore versus Rs 5,045 crore MoM Total assets under management (AUM) in June rose to Rs 25.5 lakh crore as compared to Rs 24.5 lakh crore in May.

Silver surges past Rs 50,000 per kg in futures trade

Silver surges past Rs 50,000 per kg in futures trade In the futures market, silver for September delivery touched an intraday high of Rs 50,520 and a low of Rs 50,005 per kg on the MCX.

Zinc futures rise on spot demand

Zinc futures rise on spot demand On the Multi Commodity Exchange, zinc contracts for July delivery traded higher by Rs 1.60, or 0.97 percent, at Rs 166.30 per kg with a business turnover of 2,456 lots.

Is Sanjeev Gupta the next LN Mittal of the global steel industry?

Is Sanjeev Gupta the next LN Mittal of the global steel industry? There are striking resemblances in the ambition that Gupta, owner of Liberty Steel Group. But there is also a significant difference

Nickel futures rise on firm demand

Nickel futures rise on firm demand On the Multi Commodity Exchange, nickel contracts for July delivery gained Rs 5.70, or 0.57 percent, to Rs 1,013.20 per kg in a business turnover of 2,327 lots.

HDFC Bank annual report 2019-20: Here are 10 key highlights

HDFC Bank annual report 2019-20: Here are 10 key highlights HDFC Bank Managing Director Aditya Puri took home a total remuneration of Rs 18.9 crore in the fiscal year 2019-20, according to the latest annual report released by the bank which is around 38% higher than the previous financial year.

Copper futures rise marginally on fresh bets

Copper futures rise marginally on fresh bets On the Multi Commodity Exchange, copper contracts for July delivery traded higher by Rs 2.10, or 0.44 percent, at Rs 477.25 per kg in a business turnover of 6,589 lots.

Upstox adds over 1 million customers, plans to double user base by December

Upstox adds over 1 million customers, plans to double user base by December "Upstox#39;s customer base now extends beyond the 1 million mark and this is much more than just a milestone," Ravi Kumar, Co-Founder of Upstox said.

Taj Hotels cannot yet check into Sea Rock even after a 11-year-old wait

Taj Hotels cannot yet check into Sea Rock even after a 11-year-old wait Company asks shareholders to wait for two more years. Enviroment clearance, PIL and permission for direct access from below the Bandra-Worli Sea Link to Taj Lands End main irritants

HDIL CFO, company secretary Darshan Majmudar resigns

HDIL CFO, company secretary Darshan Majmudar resigns "Since the company is under corporate insolvency resolution process, the resignation of Darshan Majmudar as a chief financial officer (CFO) and company secretary of the company will be put before members of committee of creditors for their consideration and approval at the ensuing meeting," HDIL said in a regulatory filing.

Consumer goods sales return to pre-lockdown levels: Report

Consumer goods sales return to pre-lockdown levels: Report Some segments of the broader consumer industry may be recording sales higher than the year-ago period.

Nestle India to focus on core categories to explore growth opportunities: Suresh Narayanan 

Nestle India to focus on core categories to explore growth opportunities: Suresh Narayanan  The company believes that during this time and in the post COVID-19 world, consumers would seek trust, quality, intervention of science and technology, better nutrition and better immunity for the family, Nestle India Chairman and MD Suresh Narayanan said at the company#39;s annual general meeting last month.

Rossari Biotech IPO to open on July 13; price band of Rs 423-425 per share

Rossari Biotech IPO to open on July 13; price band of Rs 423-425 per share On July 3, 2020, Moneycontrol had reported that the Rossari Biotech is all set to be the first listed company in the lockdown phase.

NBCC India bags orders worth Rs 432 crore in June

NBCC India bags orders worth Rs 432 crore in June It received an order worth Rs 284.63 crore from BHEL for construction works of natural draught cooling towers for Package -1 and Package – 2 of 5X800 MW Yadadri supercritical thermal power project, according to a regulatory filing by the company.

AstraZeneca-Merck Lynparza wins European Union approval for pancreatic cancer

AstraZeneca-Merck Lynparza wins European Union approval for pancreatic cancer The approval was based on results from a late-stage trial in which Lynparza nearly doubled the lifespan of patients without disease progression or death when compared with placebo.

Maruti Suzuki transports over 6.7 lakh cars through Indian Railways in 6 years

Maruti Suzuki transports over 6.7 lakh cars through Indian Railways in 6 years The first dispatch of the company#39;s vehicles by double-decker flexi-deck rakes took place in March 2014.

Lupin recalls diabetes treatment drug in the US

Lupin recalls diabetes treatment drug in the US In a regulatory filing, the company said that it is voluntarily recalling its Metformin Hydrochloride extended-release tablets USP, 500 mg and 1000 mg products in the US.

Rossari Biotech IPO to open on July 13; price band between Rs 423-425 per share

Rossari Biotech IPO to open on July 13; price band between Rs 423-425 per share On July 3, 2020, Moneycontrol had reported that the Rossari Biotech is all set to be the first listed company in the lockdown phase.

China#39;s first aircraft with homegrown high-speed satellite internet system makes maiden flight

China#39;s first aircraft with homegrown high-speed satellite internet system makes maiden flight The system was tested on Qingdao Airlines flight QW9771 which took off from Qingdao Liuting International Airport at 4.46 pm and landed at Chengdu Shuangliu International Airport at 7.21 pm, the Global Times reported.

Indian companies continue to pay a high cost for compliance, report says

Indian companies continue to pay a high cost for compliance, report says India#39;s Ease of Doing Business Ranking has improved significantly from 133 in 2009 to 63 in 2019.

Turbulence in Hong Kong could open a window of opportunity for India

Turbulence in Hong Kong could open a window of opportunity for India India must grab this opportunity to become a successful ‘trade diversion’ market for rerouting trade from Hong Kong to the United Kingdom

Exclusive | Hedge fund Route One Investment in talks to raise stake in IndusInd Bank

Exclusive | Hedge fund Route One Investment in talks to raise stake in IndusInd Bank A few other investors may also join Route One and participate in what could potentially be a wider fundraising round through the preferential allotment route

Sodexo warns of deeper fall in sales as coronavirus persists

Sodexo warns of deeper fall in sales as coronavirus persists The French firm, which provides catering for businesses, industrial sites, the military, government agencies, hospitals, schools and sports events, said it expects sales for the fourth quarter ending on August 31 to fall 27 percent.

CG Power#39;s current debt default at Rs 1,023 crore

CG Power#39;s current debt default at Rs 1,023 crore The total debt payment default also includes Rs 873 crore principal as of June 30, according to a regulatory filing.

Low interest rates critical for survival of banks, says veteran banker KV Kamath

Low interest rates critical for survival of banks, says veteran banker KV Kamath "If interest rates are at 6 percent, NPA#39;s will double in six years. Both cost of credit and the flow of credit both have to be looked at," he said adding that the problem with low interest, however, is that capital injection will be significantly lower.

Exclusive | KV Kamath says economic contraction not as bad as estimated, rebound faster than anticipated

Exclusive | KV Kamath says economic contraction not as bad as estimated, rebound faster than anticipated Veteran banker KV Kamath expects the economy to see a shallow U-shaped recovery

SC grants one-month bail to Unitech promoter Sanjay Chandra after 3 years in jail

SC grants one-month bail to Unitech promoter Sanjay Chandra after 3 years in jail SC granted the bail as Sanjay Chandra’s parents have tested positive for COVID-19.

Edutech startup Unacademy acquires PrepLadder for $50 million

Edutech startup Unacademy acquires PrepLadder for $50 million Chandigarh-based PrepLadder was founded by Deepanshu Goyal and Vitul Goyal in 2015.

Tata Power seeks shareholders#39; nod to raise Rs 2,600 crore from Tata Sons

Tata Power seeks shareholders#39; nod to raise Rs 2,600 crore from Tata Sons The company has listed a special resolution for issuance of shares to Tata Sons on a preferential basis in the 101st AGM scheduled for July 30, stated a regulatory filing.

India#39;s June palm oil imports drop 18% YoY: Trade body

India#39;s June palm oil imports drop 18% YoY: Trade body The country#39;s imports of soyoil in June rose 49 percent from a year ago to 331,264 tonnes, while sunflower oil imports rose 66 percent to 268,128 tonnes, according to provisional data compiled by the Solvent Extractors#39; Association.