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News Live: Lenders file insolvency plea against SevenHills Hospital, says report

22h moneycontrol
Lenders to stressed SevenHills Hospital led by Axis Bank have filed for insolvency after months of negotiations with several strategic and financial suitors, including a JP Morgan fund, failed to yield any resolution, reports The Economic Times. The move will force an auction of the chain, sources said. Apart from Axis, an SBI consortium, Allahabad Bank, Union Bank of India, Punjab & Sind Bank, UCO Bank, Canara Bank, Central Bank and Bank of Maharashtra have lent to Seven Hills. (115-0)

News Live: FDI in non-food retail unlikely before 2019 Lok Sabha elections, says report

23h moneycontrol
Wary of the potential electoral fallout of breaching its promise not to permit foreign direct investment (FDI) in multi-brand retail, the National Democratic Alliance (NDA) government has decided not to allow foreign supermarket chains to sell non-food items during its current tenure, which ends in 2019, reports Mint. “Allowing foreign retailers to sell non-food items in India is unlikely to happen before the next general election,” a senior government official involved in the FDI decision-making process said. (103-2)

News Live: Xiaomi looking to invest $1bn in Indian startups, says report

2017-11-20 moneycontrol
Chinese phone and appliances maker Xiaomi Corporation will invest as much as $1 billion in 100 startups in India over the next five years, seeking to create an ecosystem of apps around its smartphone brand, chief executive Lei Jun told Mint. Lei said Xiaomi and its sister company Shunwei Capital, which have purchased stakes in six Indian internet companies including Hungama and KrazyBee, will invest in businesses such as content, financial technology, hyperlocal services, including mobile phone repairs, and manufacturing in order to increase the adoption of mobile internet in the country. (103-0)

News Live: Bitcoin soars past $8,000 as technology shift concern vanishes

2017-11-20 moneycontrol
Bitcoin topped $8,000 for the first time, as investors set aside technology concerns that had derailed its advance earlier this month, reports Bloomberg. Bitcoin rose 4.8% to $8,071.05 as of 1:47 am on Monday. It’s now up more than 700% this year after shrugging off a tumble of as much as 29% earlier this month. It’s been a tumultuous year for the largest cryptocurrency, with three separate slumps of more than 25% in value all giving way to subsequent rallies. (14-0)

M-cap of six of top-10 most valued cos jumps by Rs 31,249.4 cr

2017-11-19 thehindubusinessline
The combined market valuation of 6 of the top-10 most valued companies, led by Reliance Industries Ltd (RIL), rose Rs 31,249.36 crore last week. (11-0)

Sensex zooms 414 points after Moody’s ups India rating

2017-11-17 freepressjournal.in
Mumbai: The BSE Sensex today skyrocketed 414 points to 33,521 and the NSE Nifty raced past 10,300 as banking stocks led a solid rally after Moody’s upgraded India’s sovereign credit rating. (50-0)

Falling orders from Army canteens drag sales of consumer goods companies

2017-11-16 livemint
Mumbai: Falling order volumes from the Canteen Stores Department (CSD), India’s largest organized retailer, continued to drag down FMCG companies’ sales even as they reported volume-led growth returning in the September quarter.

Hindustan Unilever Limited - Updates

2017-11-14 nseindia
The information displayed herein is uploaded by the concerned Company. The said uploaded information is displayed without any verification of adequacy, accuracy and veracity. The Exchange in discharge of its role of dissemination of uploaded information on this website immediately on its receipt. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information. (15-0)

India’s Four-Month-Old Tax Regime Revamped After Businesses Suffer - Bloomberg

2017-11-14 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Eveready-McLeod team up to brew packet tea business

2017-11-13 thehindubusinessline
The ₹10,000-crore worth packet tea market accounts for roughly 50 per cent of the country’s total tea consumption pegged at one billion kg (4-0)

Market Update: JP Associates zooms over 16%, TCS top Nifty gainer; Coal India falls 3.3%

2017-11-13 moneycontrol
The Nifty and the Sensex extended their afternoon loses with the Nifty shedding 57 points while the Sensex was down 141 points. (21-0)

Market Update: HDFC, BPCL top losers, RComm tanks over 10%; Axis Bank hits fresh 52-week high

2017-11-13 moneycontrol
The Nifty and the Sensex extended their morning loses with the Nifty shedding 44 points while the Sensex was down 87 points. (19-0)

Sensex extends gains, up 103 points despite weak IIP data

2017-11-13 freepressjournal.in
Mumbai: The benchmark BSE Sensex extended gains for the third straight day by jumping 103 points today on continuous buying by investors despite disappointing macroeconomic data. (10-0)

Market Update: SBI, TCS, MM top Nifty gainers; Axis Bank, HUL hit new 52-week high

2017-11-13 moneycontrol
The Indian benchmark indices on Monday morning were trading on a negative note with the Nifty down 34.20 points or 0.33 percent while the Sensex shed 74.40 points at 33240. (19-0)

News Highlights of the day: Rebel MPs prepare no-confidence letter against British PM Theresa May

2017-11-12 moneycontrol
That's all for Sunday, readers. Thanks for staying on with our coverage of the day's action. Your enthusiasm encourages us to better our coverage every day. Do come back tomorrow for more news, views and insights. (7-0)