The offer at `275 per share is 17.6% less than its closing price of `334 on Monday.

Kotak Mahindra Bank on Thursday reported a surge in its first quarter net profit while maintaining the asset quality.

Bharat Road Network, a road and highways BOT company, has priced its initial public offering (IPO), aimed at raising Rs 600 crore, in a price band of Rs 195-205.

Farm loan waivers by state governments have potential to crowd out corporate borrowing if financed through state debt issuance, the Reserve Bank of India (RBI) said in its annual report.

On a similar note, India is trying hard to develop indigenous capacity (Make in India) for machineries and equipment required for, say, new steel capacity augmentation. Otherwise, the large scale of imports of capital goods in the form of machines and equipment for steel plants would have to continue by spending huge foreign exchange and make India import dependent.

To benefit the farmers with better price for raw cotton, the Centre shall also bring the cotton yarn under MEIS coverage, said the Confederation of Indian Textile Industry.

Caracas, which buys medicines and other products from India, is looking for alternative payment methods after the United States imposed stringent sanctions on Venezuela’s state oil firm PDVSA in a bid to push out President Nicolas Maduro.

At the end of December 2018, Suuti held a 9.56% stake in Axis Bank. The OFS is part of the government’s move to meet its disinvestment target of Rs 80,000 crore for FY19.

Overseas subsidiary performance is expected to turn around which coupled with gradual improvement in domestic margins will enable improvement in the overall margins.

Fino Payments Bank aims to break even in the next 18-24 months, executive vice president and head-products & alliances Ashish Ahuja tells Mitali Salian.

The board had been holding regular workshops with both farmers and buyers to encourage exports, he said, adding that the board had taken huge efforts to ensure that more mango growers register their orchards with MangoNet.

India produces 6-7 million tonne raw cashew per annum, and was till recently the leading supplier of kernels to the global markets.

To make matters worse, a sizeable number of labourers from Odisha are employed in the Surat textile industry, said Ashish Gujarati, president of Pandesara Weavers' Association.

The investors sentiment was also dented by the weak results reported by some of the heavyweights; the Street chose to stay cautious ahead of results from other blue chips given the trend so far has been somewhat mixed.

With India exporting roughly one-third of its cotton yarn production every year, trends in export demand play a crucial role in determining the overall performance of the domestic spinning sector. 

Total imports of shrimp by US for the first six months of 2019 remained flat at 300,683 tonne compared to 302,495 tonne imported during the same period of 2018. Overall, US imported 695,332 tonne of shrimps last year.

Banana accounts for as much as 60-65% of the green exports from Kerala and the rest are vegetables. Of the banana varieties, nenthran plantain leads the food preferences of Kerala’s 20 lakh diaspora families fanning out in the GCC countries.

Finance minister Nirmala Sitharaman in the FY20 Budget abolished MDR charges for all merchants having a turnover of over Rs 50 crore which would lead the payment companies taking a hit on their margins.

While we like the company’s diversified segmental presence, we moderate our order inflow and execution assumptions due to the ongoing economic slowdown and slower traction in railway EPC projects.

‘Share of experience’ is the new norm, and one needs to consistently make efforts towards it to survive in the modern age

From Netflix to Apple, among others are some of his favourite brands

As for MFs, many of them are backed by strong parents—in India and overseas—and this is the time for them to support their offspring.

However, the High Court rejected this invocation of Rule 165, ruling that the it specified only the payability conditions of fees, and not the chargeability of it.

Even supporting the poor—whose numbers will double—can cost Rs 65,000-130,000 crore per month

Extending the lockdown well beyond mid-May would shave 8-9% off the real GDP. but, the damage being done doesn’t seem to be filtering up to those in charge

It must include those quarantined as well instead of just the infected; wider testing critical if the app has to work.

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.

The Covid 19 crisis is an opportunity to redefine tax policy and law. A calibrated approach to balance welfare economics with a vision to pioneer economic activity and national growth is needed.

Gaming has been serious business for some time, but Fortnite’s experiment shows the success of metaverse.

Building infrastructure to enable remote working will boost economy.

With China’s decreasing importance in global supply chains, being a low risk indexed location will allow India to win in global manufacturing stakes.

States should be allowed to issue ‘pandemic relief’ bonds, with the central bank being allowed to buy these bonds by printing money and monetising their debt.

The Katoch committee, in 2015, had proposed several measures like setting up parks for API, providing capex, and subsidised loans to boost domestic production of APIs.

After a few sporadic appearances in the rumor mill, the Redmi 10X moniker seemed to have slipped into obscurity once again over the past week or so. Unfortunately, it has no re-emerged in a Google Play Console listing, along with some specs details. The unfortunate part being that the company is, apparently, going to go through with the confusing "generation-skipping" naming for what is a mostly a re-branded Redmi Note 9 for the Chinese market. The source doesn't really offer much in the way of specs, but does specifically list a MediaTek Helio G70 chipset for the Redmi 10X. A...

The Xiaomi Mi Note 10 Lite attracted a lot of interest in last week's poll - the sentiment is positive, though some wish the price was lower. As it stands, it's quite close to the vanilla Mi Note 10 and some people are willing to pay extra to get not one but two telephoto cameras. More than half of voters are interested in the Lite model, though most of them will wait for a promotional price before pulling the trigger. Only 18% of voters think that the recently-discounted Mi Note 10 is a better buy. Whether you go with the Note 10 or Note 10 Lite, it's still a win for Xiaomi, of...

Here's a collection of recent DMN content that exemplifies successful omnichannel strategies, as well as a few tips to help bring omnichannel mainstream

In the 73rd fight of his professional career, Russia's Alexey Oleynik swapped grappling for striking as he threw caution to the wind, and defeated former UFC heavyweight champion Fabricio Werdum at UFC 249 in Jacksonville.
Read Full Article at RT.com

US courts have been heavily relying on a 50-year-old legal loophole to shield cops from misconduct allegations, an investigation by Reuters claims. It allows officers to get off the hook even when their conduct is deemed unlawful.
Read Full Article at RT.com

If you don't know about the role and make-up of a digital team, and how it can impact customer experience and brand success, Matt Harris of Sendwithus has the answers

In the previous week, the reserves had increased by USD 3.09 billion to USD 479.57 billion.

According to data from GSTN, over 19,552 tickets raised by taxpayers were resolved between March 25 and April 24.

As per the current goods and services tax (GST) audit guidelines, taxpayers have been broadly categorised into three groups based on their annual turnover -- large, medium and small.

The economic impact of the pandemic on India is likely to be around Rs 7-8 trillion with sectors such as trade, textiles, aviation, transport, and MSMEs facing the brunt of the impact.

The agency's earlier economic forecast was a range, according to which the GDP may either expand by 1 per cent or contract by 1 per cent in 2020-21.

The recommendations are part of a report titled 'COVID-19: Challenges for the Indian Economy - Trade and Foreign Policy Effects'.

The central government too had raised excise duty on petrol and diesel by Rs 3 per litre each in March to raise an additional Rs 39,000 crore annually. This hike negated the benefit arising from international oil prices slumping to two-decade lows.

Petrol, Diesel Price Today:  Prime Minister Narendra Modi’s government late Tuesday evening increased excise duty on petrol by a record Rs 10 per litre, and on diesel by Rs 13 per litre.

Explaining why online learning has changed the education scenario, the Indian-origin economist said that with classes going online, someone in India can now take a course at MIT.

Even as various companies such as Tata Chemicals and NIVEA India have come forward to make hand sanitizers, the government does not want to take a risk by allowing the companies to export the product.

The government’s surprise move to increase excise duty and cess on petrol and diesel may not help the exchequer in raising tax revenues by much.