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Tuesday, February 18, 2020

Sensex, Nifty clock fourth successive loss; AGR woes hit telecom, financial stocks

February 18, 2020 4:25:46 pm

At the closing bell, the BSE Sensex was down 161.31 points or 0.39 per cent at 40,894.38. In intra-day, It fell over 444 points and touched the day's low of 40,610.95.

Barbeque Nation files IPO papers to raise Rs 1,000-1,200 crore

February 18, 2020 2:49:16 pm

Barbeque Nation Hospitality owns and operates Barbeque Nation Restaurants, currently operating at 138 outlets across India and 7 outlets in the UAE, Oman and Malaysia.

HSBC net profit falls 53%, bank to sell assets in overhaul

February 18, 2020 2:26:51 pm

London-based HSBC, whose profit is mainly from Asia, said Tuesday that it plans to revamp its US and European business and shed $100 billion in assets to improve its profitability.

Nissan’s new CEO says willing to be fired if no turnaround

February 18, 2020 12:17:04 pm

Makoto Uchida, who took over the top job in December, put his job on the line at Nissan's shareholders' meeting, where he faced demands ranging from cutting executive pay to offering a bounty to bring Carlos Ghosn back to Japan after he fled to Lebanon.

India’s Supreme Court Agrees to Hear Vodafone’s Plea Over Payments

Vodafone Idea shares tank over 16% on ratings downgrade by Care Ratings

February 18, 2020 11:42:48 am

The rating on long term bank facilities and non-convertible debentures of Vodafone Idea (VIL) has been revised to 'BB-' from 'BBB-', Care Ratings said.

China’s aviation market shrinks to smaller than Portugal’s due to COVID-19

Third to 25th: China’s aviation market shrinks to smaller than Portugal’s due to COVID-19

February 18, 2020 10:43:39 am

Many airlines have suspended flights to China in an effort to contain the coronavirus, which has killed nearly 1,900 people in the country and infected more than 72,000.

Sensex down over 245 points in opening deals in line with Asian peers

February 18, 2020 10:19:08 am

The NSE gauge Nifty fell about 75 points to trade at 11,971 in early trade.

Asian stocks fall after Apple warns on coronavirus impact

February 18, 2020 9:42:05 am

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.65% while Tokyo's Nikkei slid 1.0%.

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OYO net loss widens to $335 mn in FY19, revenue rises five-fold

February 18, 2020 4:16:44 am

Consolidated revenues grew nearly 5 times year-on-year to $951 million in FY19. Revenues stood at about $211 million in FY18, OYO said.

Recovery ‘shallow’: Moody’s slash India’s 2020 growth forecast to 5.4% from 6.6%

February 18, 2020 4:14:34 am

Moody’s — which estimated that India’s GDP grew 5 per cent in 2019 — had, in November 2019, projected growth in 2020 and 2021 at 6.6 per cent and 6.7 per cent, respectively.

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Google to stop ‘Station’ WiFi project; points to cheaper, more accessible data and infra challenges

February 18, 2020 7:20:43 am

In India, the Station programme was a part of Google’s broader vision of bringing on the “next billion users” online.

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‘Sebi to come out with circular to prevent Karvy-like incidents’

February 18, 2020 4:08:58 am

The board of Securities and Exchange Board of India decided to allow live testing of new products, services and business models by market players on select customers.

Amritsar: In 2004, DGP wrote a letter accusing convicted cop of large scale corruption

NCLAT grants immunity from ED probe to JSW Steel, Bhushan Power

February 18, 2020 4:07:30 am

The probe against Bhushan Power’s erstwhile promoters, however, will continue.

Airtel, Voda Idea, Tata Tele pay part of AGR dues; boards huddle to chalk out strategy

February 18, 2020 4:04:22 am

On Monday, Bharti Airtel was the first one to inform the exchanges that it had made a payment of Rs 10,000 crore to the DoT.

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RIL consolidates media, distribution businesses into Network18 umbrella

February 18, 2020 4:22:11 am

Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments

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JSW Energy to acquire GMR’s Odisha thermal plant for Rs 5.3K crore

February 18, 2020 4:19:13 am

After the acquisition, JSW Energy’s installed power generation capacity would reach 5,609 MW.

Voda Idea stares at a tough path ahead; Airtel set to gain: Analysts

Airtel, Voda Idea make part payment; DoT mulls encashing bank guarantees

February 17, 2020 10:42:00 pm

In a related development, the telecom companies started disputing the DoT estimate of the due amount and indicated they will pay as per their 'self-assessment'.

Coronavirus epidemic: Paracetamol prices up by 40% in India

February 18, 2020 9:53:52 am

The coronavirus, which has killed more than 1,000 people and stoked fears of a broader slowdown in China, has disrupted global supply lines after factories there slowed production and people were restricted from moving in and out of the country.

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Govt must continue reforms; green shoots of recovery need to sustain: RBI Guv Shaktikanta Das

February 17, 2020 8:03:09 pm

While Finance Minister Nirmala Sitharaman's Budget for 2020-21 and recent steps have created a facilitating eco-system for reviving demand and consumption, it is necessary to undertake land and labour reforms, bring efficiencies in Agri marketing and focus on skill development, he said.

SBI Cards gets Sebi’s go ahead to float IPO

February 17, 2020 6:09:46 pm

SBI holds 76 per cent in SBI Cards and rest of the stake is held by Carlyle Group. According to market sources, the IPO size could be estimated at more than Rs 6,000 crore.