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Govt warns e-commerce firms on discounts

2016-03-31 livemint
New online retail rules now prohibit marketplaces from offering discounts and cap total sales originating from a group company or one vendor at 25%

India PM Modi rebuts claim economic growth came from low oil costs

2016-03-28 thestar
Indian Prime Minister Narendra Modi said India's economic growth has come from "sound policy and effective management" during the "Bloomberg India Economic Forum 2016" in New Delhi on Monday.

Automobile makers stumped by used-car boom

2016-03-26 business-standard
Last month, Pune resident Chirag Patil was looking to buy his first car. With a modest budget of Rs 3 lakh, his search for a new car could not move beyond the usual suspects in the entry-level segment - Maruti Alto, Hyundai Eon and Renault Kwid. So, the 26-year-old information technology professional expanded his search to online sellers and was surprised to see the wider choices of used cars on offer.

L&T Infra Debt Fund to raise up to Rs 2,750 crore via bonds

2016-03-25 business-standard
With more leeway to fund projects and tax exemptions, L&T Infra Debt Fund (IDF), L&T Finance group's infrastructure refinancing arm, plans to raise up to Rs 2,750 crore through debentures. The money raised via non-convertible debentures (NCDs) will be used to fund infra projects, including those in renewable energy sector (wind and solar). L&T Financial services group will also inject more equity in the subsidiary to support expanding asset base.

U.S. Natural Gas Production Set a Record High in February: Platts Bentek

2016-03-22 prnewswire
Highest Production Since Platts Bentek Began Tracking in 2005 - Production Averaged 73.3 Bcf/d in February, up 2% from January -

Midcaps leading economic recovery: BNP fund manager

2016-03-21 moneycontrol
BNP Paribas AMC Fund Manager Shreyash Devalkar believes the business-management-value (BMV) filter is the key to his funds' out-performance.

Edelweiss gains, CRISIL assigns A1+ to short term debt issues

2016-03-18 moneycontrol
"CRISIL has assigned rating of A1+ (A one plus) each to the proposed short term debt issue of Rs 2,500 crore and Rs 3,500 crore," says the financial firm in its filing.

Stocks in news: Cipla, Crompton, MOIL, IndoTech, DLF, JSW Energy

2016-03-18 moneycontrol
Cipla | Crompton Greaves | United Breweries | MOIL | ONGC | Indo Tech Transformers | Edelweiss | Dhanuka Agritech | Reliance Communications | LT Foods | DLF and JSE Energy are stocks, which are in the news today.

CARE lowers rating of SAIL’s long-term debt

2016-03-17 financialexpress
Steel Authority of India (SAIL) was downgraded by CARE Ratings on Wednesday, with the rating lowered by a notch to AA+ for long-term debt worth more than Rs 15,000 crore, reports fe Bureau in Mumbai. The agency cited a subdued financial performance in the first nine months of fiscal 2015-16 that led to moderation in key credit metrics.

Reliance Jio to raise Rs 5,000 cr via debentures

2016-03-16 business-standard
Reliance Jio Infocomm Ltd (RJIL), telecom venture of Mukesh Ambani-controlled Reliance Industries, plans to raise upto Rs 5,000 crore through debentures to fund business operations.

Finalists Announced for 2016 Platts Global Metals Awards

2016-03-14 prnewswire
LONDON, March 14, 2016 /PRNewswire/ -- Executives and companies from 17 countries have been selected as finalists for the fourth annual Platts Global Metals Awards, which recognize exemplary accomplishments in 15 categories, according to program host Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets.

Equity Mutual Funds see slowest inflows since April 2014

2016-03-09 financialexpress
Volatility in the equity markets has finally led to slowdown in the net inflows of equity mutual funds.

Hindalco, Nalco to get price hike room after customs duty hike

2016-03-01 business-standard
With government proposing to hike the customs duty on primary aluminium products, domestic majors like Aditya Birla Group company Hindalco Industries, state-owned National Aluminium Company (NALCO) and Anil Agarwal-led Vedanta are planning to raise

Two downgrades a day put India Inc in trouble

2016-02-28 financialexpress
At two downgrades a day, the quality of India Inc’s debt is fast deteriorating. Thanks to160 downward revisions in the last two months alone...

Next to nil CSR for veterans

2016-02-28 livemint
Armed forces veterans, war widows and their children were among those who received the least amount of CSR funds in FY15

Vinod Rai first chairman of Banks Board Bureau

2016-02-28 financialexpress
Taking forward the governance reforms in public sector banks (PSBs), the Modi government on Sunday named former Comptroller and Auditor General (CAG) of India Vinod Rai....

Take note of risks in debt funds

2016-02-28 thehindubusinessline
Investments in these funds could erode in value owing to a number of factors

Vinod Rai appointed first Chairman of Banks Board Bureau

2016-02-28 financialexpress
Former CAG Vinod Rai was today appointed first Chairman of the Banks Board Bureau, which will advise the government on top-level appointments at public sector lenders...

Oil gas prices to slip more in 2016-17 on oversupply: CRISIL

2016-02-24 moneycontrol
Oil prices are likely to recover from the lows seen in Q1 2016 (below USD27 per barrel) due to continued fall in unconventional oil production in the second half of 2016 as well as efforts by OPEC (Organisation of the Petroleum Exporting Countries) and major non-OPEC producers to reduce oversupply...

Continue to see pressure on domestic aluminium prices: CRISIL

2016-02-24 moneycontrol
No MIP/similar measures have been announced to help the aluminium industry. Hence, we expect domestic aluminium prices to continue their southward sojourn and decline further by 3-5% next fiscal...

See revenue growth for FMCG moderate to 4-5% in FY16: CRISIL

2016-02-24 moneycontrol
In 2015-16, CRISIL Research believes the gains from the decline in prices of commodities/raw materials such as Brent crude, PFAD (palm fatty acid distillate) and copra will be partly offset by rising pressure on realisations amidst growing competition...

See 4-5% demand growth for cement in H22016: CRISIL

2016-02-24 moneycontrol
Demand was lacklustre in the first half all over the country, barring the east, growing just 3%. However, in the second half, demand is expected to grow 4-5% following relaxation of the ban on sand mining, according to CRISIL Research...

Capital goods ind to see gradual increase in order book: CRISIL

2016-02-24 moneycontrol
CRISIL Research expects the order book for capital goods industry to increase gradually in the medium to long term, led by large investments in the power transmission and distribution (T&D) segment. ..

Credit growth for banks to pick up gradually: CRISIL

2016-02-24 moneycontrol
Demand for credit would rise gradually from next fiscal, driven by falling differential between the base rates of banks and capital market rates, and healthy retail credit growth. Loan growth is projected at 12-14% for the next fiscal...

See improvement in sales for auto industry next fiscal: CRISIL

2016-02-24 moneycontrol
After the gradual recovery in some segments this fiscal, CRISIL Research expects more broad-based growth in domestic automobile sales volume in 2016-17 as consumer sentiment is expected to improve on the back of a pick-up in real income growth and lower cost of ownership..