Page 512 - Business Finance
'Money Loji' launches App that offers loans to salaried professionals within 5 minutes
Say goodbye to the days of mustering the embarrassment of borrowing money from a relative or friend. Month-end or early-month days will no longer be crucial and testing, whether it's a salary delay or an immediate medical expense, we finally have a solution.Money Loji, a modern money lending platform, has launched its App, which offers quickest and the most secure loans to salaried professionals for an immediate requirement with flexible repayment options starting from 7 days to a maximum of 90 days.They follow a unique three-step process - application, approval, disbursement, which is carried out within 3-4 minutes. The eligibility criterion is a minimum in-hand salary of Rs 20,000 per month and a minimum age of 23 years. The application requires the users to upload an identity proof, an address proof, last 3 months bank statement alongside the salary slips.For meeting unexpected medical expenses, purchasing a new gadget or appliance, planning a short trip or a short-term education ..
Onward Technologies Ltd leads losers in 'B' group
Allied Digital Services Ltd, Cyber Media (India) Ltd, Essar Shipping Ltd and Patspin India Ltd are among the other losers in the BSE's 'B' group today, 23 April 2019.
Volumes spurt at Cholamandalam Financial Holdings Ltd counter
Cholamandalam Financial Holdings Ltd registered volume of 8.96 lakh shares by 14:14 IST on NSE, a 19.79 fold spurt over two-week average daily volume of 45257 shares
Market hovers near day's high
Key equity indices were hovering near day's high in mid-afternoon trade. At 14:27 IST, the barometer index, the S&P BSE Sensex, was up 114.04 points or 0.3% at 38,759.22. The Nifty 50 index was up 39.60 points or 0.34% at 11,634.05. Most FMCG stocks rose.
ITC moves NCLT against Hotel Leelaventure
Diverdified group ITC has moved National Company Law Tribunal against Hotel Leelaventure alleging "oppression and mismanagement". ITC's current plea was mentioned before the Mumbai bench of the NCLT, which has posted the matter for hearing tomorrow, Hotel Leelaventure said in a regulatory filing. ITC, along with the petition has also filed two application seeking waiver of the requirement of minimum threshold of 10 per cent shareholding, it added. As per the latest information available on bourses, ITC holds a total of 7.92 per cent share stake in Hotel Leelaventure. Shares of Hotel Leelaventure Ltd were trading at Rs 10.46 on the BSE during afternoon trade, down 0.38 per cent from its previous close.
Gold futures weaken on spot demand
Gold prices fell by Rs 15 to Rs 31,581 per 10 gram in futures trade Tuesday on weak demand as strong equities reduced gold's appeal. Investor sentiment in stock market turned positive in early trade Tuesday on reports that India has lined up alternate sources to make up for the likely shortfall in supplies after the US decided not to give waiver from its sanctions for buying oil from Iran, traders said. Besides, strengthening rupee also exerted pressure on gold futures. At the Multi Commodity Exchange, gold for delivery in June traded lower by Rs 15, or 0.05 per cent, at Rs 31,581 per 10 gram in a business turnover of 14,014 lots. Gold for delivery in August fell by Rs 25, or 0.08 per cent, to Rs 31,740 per 10 gram in 3,018 lots. However, globally, gold was trading higher by 0.01 per cent at USD 1,273.64 an ounce in Singapore.
Honda Cars launches new Amaze variant at Rs 8.56 lakh
Honda Cars India Ltd (HCIL) Tuesday said it has launched a new top variant of its compact sedan Amaze. The company has launched the new grade VX CVT trim in both petrol and diesel versions of the sedan. The petrol variant is priced at Rs 8.56 lakh while the diesel trim is tagged at Rs 9.56 lakh (ex-showroom). "The second generation Honda Amaze set a new benchmark in its segment with over 20 per cent of our customers opting for advanced CVT variants in both petrol and diesel," HCIL Senior Vice President and Director Sales & Marketing Rajesh Goel said in a statement. "We are delighted to introduce the new VX CVT variant of Honda Amaze to complete the top spec VX range and offer increased choice to our customers," he added. The variant now comes with various additional features like rear camera with guidelines and seamless smartphone connectivity among others.
35.70% voting in Maharashtra (Third Lead) (1 p.m.)
A moderate average of 35.70 per cent voting was recorded till 1 p.m. for the 14 Lok Sabha constituencies in Maharashtra on Tuesday, election officials said.
GST investigation arm finds P&G India guilty of profiteering Rs 250 cr
The GST profiteering investigation arm has found leading FMCG firm P&G India guilty of not passing on GST rate cut benefits to the tune of about Rs 250 crore by commensurate reduction in prices. Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain of its products despite cut in GST rate to 18 per cent from 28 per cent. "The DGAP report has concluded profiteering worth Rs 250 crore by P&G. The National Anti Profiteering Authority will pass a final order on the quantum of profiteering after hearing the company's views," an official said. P&G's India is the manufacturer of washing powder brands Ariel and Tide; shampoo brands Heads & Shoulders and Pantene; cosmetics brand Olay, and shaving and dental hygiene brands Gillette and Oral-B. It also ...
"Fastener Fair" to showcase best fixing and installation systems
"Fastener Fair India" a much-awaited exhibition on fixing and installation will be held in Bombay Exhibition Center, Goregaon (East), Mumbai, from 25th April to 26th April 2019. This exhibition will cover a wide product range of Fastener and Fixings, assembly and Installation systems, storage and logistic services, fastener manufacturing technology, and construction fixings."Looking at the increased number of participants this time, the size of the exhibition has certainly grown 30 per cent since the last edition in Mumbai. Fastener Fair India will not only be an excellent networking platform for Industry professionals but will also provide a unique opportunity for companies, who form an integral part of large machine manufacturers to showcase their products in the area of fixing and installation. These companies, mostly being SMEs (Small and Medium Enterprises) will play a vital role in creating a strong belief in Make in India", said Rajan Sharma, organiser of Fastener Fair India ...
All India ITR to assist in filing e-Form Active (INC 22A)
All India ITR, a leading tax consultancy has launched guidelines to assist companies in filing the e-Form ACTIVE. The considerable tax expertise of All India ITR ensures its clients' e-Form ACTIVE is filed in a transparent manner that ultimately benefits their business. It has a talented team of CS/CA/CWA's who understand the intricacies of filing this crucial form.The e-Form ACTIVE must be filed by every company registered on or before 31st December 2017. It was introduced in an ordinance by the Ministry of Corporate Affairs and is filed to indicate that the company is operational. The ordinance was introduced as Companies (Incorporation) Amendment Rules, 2019 and became effective from 25th February 2019. Every company registered on or before 31st December 2017 must file the e-Form ACTIVE by April 25th, 2019. The e-Form ACTIVE is filed to update the registered address of companies. To be successfully filed, an e-Form ACTIVE must be certified by a practicing CS/CA/CWA and also, in ...
Board of Deepak Fertilizers & Petrochemicals Corp approves change in directorate
At meeting held on 22 April 2019
Aurionpro Solutions bags order worth Rs 18 cr
Aurionpro shall supply, install and maintain self-servicing KIOSKs at more than 500 branches of the bank across India. The Order is valued at about Rs 18 crore, the installation and implementation will be completed upto September 2019, followed by the maintenance and support.
Aurionpro Solutions advances after winning order
Aurionpro Solutions rose 2.11% to Rs 149.75 at 14:18 IST on BSE after the company said it won an order from a leading public sector bank in India for setting up self-servicing Kiosks at various locations across India.
Pharmaceutical exports rise 11 pc to $19.2 bn in 2018-19
The country's pharmaceutical exports rose by 11 per cent to USD 19.2 billion in 2018-19, mainly driven by higher demand in regions such as North America and Europe, as per a commerce ministry data. The pharma exports in 2017-18 stood at USD 17.3 billion and USD 16.7 billion in the previous fiscal. North America constitutes about 30 per cent of Indian pharma exports, followed by Africa and the European Union with 19 per cent and 16 per cent share, respectively, according to the data. According to industry experts, Chinese market is also gradually opening up and the government is working to push India's exports there as it holds huge potential. The other important destinations include South Africa, Russia, Nigeria, Brazil and Germany, where exports are registering growth. The sector accounted for about 6 per cent of the country's total exports of USD 331 billion in 2018-19. It is one of the top five sectors in the exports segment. Generic drugs form the largest segment of the Indian ...
LS polls: 35.70 pc voter turnout in Maha till 1 pm
An average 35.70 per cent voter turnout was recorded till 1 pm in 14 seats of Maharashtra where polling for the third phase of Lok Sabha elections was underway on Tuesday, an official said. Polling began at 7 am and long queues were seen outside many booths. The Kolhapur Lok Sabha constituency reported 42.04 per cent voting till 1 pm, followed by Ratnagiri-Sindhudurg, where there was 39.93 per cent polling, according to the state election office. Besides, Jalgaon recorded 33.12 per cent voting, Raver- 35.15 per cent, Jalna-37.91 per cent, Aurangabad- 35.42 per cent, Raigad-38.74 per cent, Pune-27.17 per cent, Baramati- 35.58 per cent, Ahmednagar-34.73 per cent, Madha- 33.41 per cent, Sangli- 34.56 per cent, Satara-34.84 per cent and Hatkanangale-39.68 per cent. State BJP president Raosaheb Danve (Jalna) and NCP chief Sharad Pawar's daughter Supriya Sule (Baramati) are among the prominent candidates in the fray.
Algeria's richest man held in jail in graft probe: state media
Algeria's richest man Issad Rebrab has been moved to jail on the public prosecutor's orders, state media reported Tuesday a day after his arrest as part of a corruption probe. Rebrab, the chief executive of Algeria's biggest privately-owned conglomerate Cevital, was placed in detention overnight according to the APS news agency.
Hong Kong Stocks down in cautious trade
Top-ranking policymaking bodies including the Politburo, the State Council, the central bank and the Central Financial and Economic Affairs Commission have all held meetings in the last two weeks.
mfine raises $17.2 mn from Japan's SBI Investment, others
Health-tech AI startup mfine Tuesday said it has raised USD 17.2 million from Japanese venture capital firm SBI Investment, SBI Ven Capital Pte Ltd and others. The series B round also saw participation from BEENEXT, Singapore; Stellaris Venture Partners; and Prime Venture Partners. Including the current funding round, the startup has raised over USD 24 million and has 200 employees in Bengaluru and Hyderabad. As part of its expansion plans, the company plans to onboard over 2,500 doctors from 250 hospitals on its platform and reach 1.5 lakh consultations a month in the next one year, mfine said in a statement. "The company will be tripling its investments in AI, mobile engineering and hardware integration," it added. The company said over one lakh customers have consulted on its platform in the last 15 months and its customer base is growing 30 per cent month-on-month. It has over 500 MD/MS doctors across 20 specialties on its platform. "We believe that India will leapfrog the methods
Asian markets cautious ahead of major corporate earnings
Stocks were mixed in Asian trade on Tuesday as investors move cautiously ahead of a deluge of corporate results later in the week. With all markets now open again after an extended Easter break, many fluctuated in morning trade but rallied by the afternoon. Tokyo stocks ended marginally up for a third straight session, with profit-taking before 10 days of holidays in Japan weighing on the market. Seoul, Sydney and Mumbai gained while Hong Kong, Shanghai and Singapore were down. Investors are waiting for a number of major earnings releases expected this week, including Amazon, Facebook, Microsoft, Exxon Mobil and auto maker Tesla. "Some of the world's biggest technology companies are reporting earnings this week as well as a raft of the big European banks," Nick Twidale, chief operating officer at Rakuten Securities Australia, said in a note to clients. "Investors will be hoping for some better-than-expected results from both groups to keep the topside momentum in global equities, ...