Page 814 - Business Finance
NMDC revises prices of iron ore
with effect from 23 February 2019
IL&FS accounts not to be declared NPAs, rules NCLAT
The National Company Law Appellate Tribunal (NCLAT) on Monday said the cash-strapped Infrastructure Leasing and Financial Services (IL&FS) and its group companies will not be declared as non-performing assets (NPA) without approval from the appellate tribunal.
Collectcent releases AI and Big Data led programmatic supply platform to its clients
Collectcent, a leading Programmatic Supply Platform and Services provider, is excited to announce successful implementation of its AI and Big data led proprietary technology which helps global brands achieve their marketing performance goals by running campaigns on Collectcent's premium web and app publishers' inventory, which is otherwise available to clients only on the CPM model by other service providers.The company's in-house developed technology enables brands to meet various performance KPIs increasing the lifetime value of their acquired customers by optimising spends on digital advertising and curtailing spillages and ad frauds.The Company's AI led optimization engine records, analyses and classifies users data on a variety of factors such as users interests, preferences, demographics, IP, location, access time, device, type of browser, OS, and Mobile Network to name a few. This data feed from the company's DMP gives access to users profile which forms the basis for serving ..
AgustaWestland case: Delhi court grants regular bail to Rajiv Saxena
A Delhi court on Monday granted regular bail to Dubai based businessman Rajiv Saxena, who was earlier deported from UAE in connection with the AgustaWestland money laundering case.Delhi's Patiala House Court further directed Saxena to furnish a personal bail bond of Rs 5 lakh and two like amount surety. It also stated that Saxena can't leave the country without the permission of the court.Saxena was earlier out on interim bail.On February 14, Saxena was granted interim bail till February 22. Later it was extended to February 25.The Dubai-based businessman was extradited to India in the wee hours of January 31 in connection with alleged scam in the Rs 3,600 crore deal for the purchase of 12 VVIP helicopters from AgustaWestland company.He was allegedly operating a number of bank accounts in Switzerland in which huge amounts of money were deposited, according to the government dossier.The banks in which the amounts were allegedly deposited, include Union Bancaire Privee UBP in Zurich, ...
Microfinance industry posts 43 pc growth in Q3 FY'19
Microfinance industry posted 43.1 per cent growth in December quarter 2018 as compared to the year-ago period, with a total loan portfolio of Rs 1,66,284 crore, a report by MFIN said Monday. The total number of microfinance accounts also witnessed an annual growth of 24.3 per cent with 8.91 crore active loan accounts in the third quarter of 2018-19, the report said. Microfinance Institutions Network (MFIN) is an RBI recognised self-regulatory organisation and industry association of the microfinance industry. Non-Banking Finance Company-Microfinance Institutions (NBFC-MFIs) hold largest share of portfolio in micro-credit with total loan outstanding of Rs 60,631 crore, which is 36.5 per cent of total micro-credit universe. "Among the MFIN members we have observed that 81 per cent of the disbursements to the clients are being done through cashless mode. "In fact, some of the member NBFC-MFIs have even reported 100 per cent cashless disbursements," said MFIN CEO Harsh Shrivastava. MFIN .
Sensex settles above 36,000 mark
Domestic stocks logged strong gains on first trading day of the week led by steady buying demand in index pivotals. Positive global stocks boosted investors sentiment. The Sensex ended above the psychological 36,000 mark after moving above and below that level in intraday trade.
Quick Wrap: Nifty IT Index rises 2.03%
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Hong Kong Market gains on US-China trade deal hopes
US President Donald Trump said via his Twitter feed that he would be delaying the tariff increase initially planned for 1 March 2019 deadline, thanks to 'very productive' trade talks between the two countries. According to wire reports he also said that a summit with his Chinese counterpart Xi Jinping could be on the cards if more progress is made. There have been positive steps on intellectual property, technology, agriculture and currency policy, the US President said.
BEL bags Rs 234 cr order from Israeli firm
State-run Bharat Electronics Ltd (BEL) has won Rs 234 crore export order from Elbit Systems Electro-Optics Elop Ltd, a subsidiary of Elbit Systems Ltd in Israel, to make components for airborne applications.
Railway Minister launches Rail Drishti Dashboard to promote transparency and accountability
Dashboard brings information from various sources under a single window
US tariff delay draws cautious welcome, boosts shares
China's stock market surged Monday after President Donald Trump's decision to postpone a tariff hike on Chinese imports and state media expressed optimism a fight over Beijing's technology ambitions can be resolved. Other financial markets in Europe and Asia recorded more modest gains following Trump's announcement the Washington talks made "substantial progress" toward ending the tariff fight. The conflict has threatened to disrupt global trade and drag on weakening economic growth. Washington accuses Beijing of stealing or pressuring foreign companies to hand over technology. The Trump administration wants China to roll back plans for government-led creation of global leaders in robotics and other technology. Its trading partners say violate Beijing's free-trade obligations and some American officials worry they might erode U.S. industrial leadership. The weekend talks made progress on technology transfer, protection of intellectual property rights and non-tariff barriers to market .
No new taxes in Haryana budget; 8.2% growth seen
No new taxes have been proposed in the Haryana budget, presented by Finance Minister Captain Abhimanyu in the Assembly, here on Monday.
Risks rising in corporate debt market: OECD
Corporate bonds issued by non-financial companies hits record levels of US$ 13 trillion at end of 2018
Nifty February futures at premium
Turnover in F&O segment rises
Thomas Cook India Group acquires 51 pc stake in DEI at enterprise value of Rs 289 cr
Travel services provider Thomas Cook India Group Monday said it has acquired 51 per cent stake in imaging solutions and services firm Digiphoto Entertainment Imaging (DEI), at an enterprise value of USD 40.6 million (around Rs 289 crore). The acquisition marks the group's entry into an adjacent sector, complementary to its travel and travel-related services portfolio, Thomas Cook India said in a statement. Thomas Cook India Chairman and Managing Director Madhavan Menon said: "Our acquisition of DEI, a global imaging solutions and services giant, presents the Thomas Cook India Group an opportunity to participate in an exciting new business space, adjacent to our core travel services portfolio that is both PAT and free-cash accretive from day one." The Group sees an immediate opportunity for its outbound customers from India and Hong Kong, as well as inbound and destination management specialists customers across its global network, he added. "With the growing demand for experiential ...
Exporters group calls for providing export sops to more products
More products like jewellery and auto-components should be included the list of items that enjoy export incentives through e-commerce with a view to boosting outbound shipments, exporters body FIEO said Monday. Commenting on the draft national e-commerce policy, Federation of Indian Export Organisations (FIEO) President Ganesh Kumar Gupta said currently only few items such as handicraft, handloom, books, leather footwear, and toys avail exports incentives under Merchandise Exports from India Scheme (MEIS). The list requires immediate expansion as many MSME (micro, small and medium enterprises) units exporting auto-components, are deprived of MEIS. Under MEIS, the government provides duty benefits depending on product and country. The proposed policy should bring uniform definition of e-commerce as various acts and policies define the world differently, Gupta further said. The limitation of Rs 25,000 for e-commerce exports or imports through courier, should be either removed or ...
Sterlite Tech Becomes O-RAN Alliance Contributor to Build Near Real-time Controllers for 5G
/ -- Sterlite Tech will contribute to and leverage open-source software to build near real-time controllers and distributed units, with white box OEMs Sterlite Tech (BSE: 532374) (NSE: STRTECH), a global data network solutions company, will be contributing to the O-RAN Alliance, a global carrier-led consortium that promotes software-based, extensible Radio Access Network (RAN). (Logo: https://mma.prnewswire.com/media/568301/Sterlite_Logo.jpg ) Building on a foundation of virtualised network elements and standardised interfaces that fully embrace higher levels of embedded intelligence and openness, Sterlite Tech will contribute to and leverage reference designs developed by the O-RAN Alliance, such as their open-source code to build a near real-time controller and distributed units, with white box hardware. "As a contributor to the O-RAN Alliance, Sterlite Tech is committed to evolve RANs. With our Programmable, Open, Disaggregated Solution (PODS), we are contributing our capabilities
Stocks of Motilal Oswal, IIFL fall over SEBI's bar on commodity trading
A day after market regulator SEBI declared the commodity broking arms of Motilal Oswal and India Infoline (IIFL) as not "fit and proper" in the NSEL case, the scrip price of both the companies fell up to 5 per cent and 9 per cent respectively on Monday.
Infosys Launches New Service Offerings to Help Communication Service Providers and Enterprises Imagine New Economies With 5G
-FirstCall/ -- Enabled through a rich ecosystem of partners, design thinking philosophy, and full stack of software brought together in the '5G Living Labs' Infosys (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced the launch of new service offerings that will help enterprises imagine and create new economies with 5G technology, while simultaneously helping communication service providers accelerate and monetize their 5G network deployment. Infosys' newly established 5G Living Labs in five global locations - (Bengaluru, Richardson, Indianapolis, Frankfurt and Melbourne) will help ideate and bring these new economies to life. (Logo: https://mma.prnewswire.com/media/633365/Infosys_Logo.jpg ) 5G will transform network capabilities bringing in significant opportunities for network virtualization, AI and Automation, while lowering associated costs considerably, and enhancing delivery of network-based services. More importantly, 5G will ...
Online dashboard to provide live feed of food being prepared in railway kitchens
Millions of passengers can now access live feed of how their meals are being cooked and packed at railway kitchens on an online dashboard, which was launched by Railway Minister Piyush Goyal on Monday. The portal, Rail Drishti Dashboard, will also have information about movement of trains, freight and passenger earnings, stations and tickets. The website is user friendly and people can closely observe the condition of various facilities and lodge complaints on the portal, Goyal said at a press conference at Rail Bhavan here. "The portal will give out information about various trains, stations, tickets sold and enable the public to watch live feed from IRCTC kitchens across the country," he said. "We are accountable to the needs and aspirations of the public. This platform brings us closer to the dream of a digital railways which encourages transparency by bringing all the information in the public domain," the minister said. Besides this, the dashboard will display the number of ...