• posted by IMV |
  • 18/5/2018

China has offered President Donald Trump a $200 billion reduction in its annual trade surplus with the U.S. by increasing imports of American products and other steps, said a Trump administration official. China announced Friday that it would end its anti-dumping and anti-subsidy investigation into imports of U.S. sorghum, citing public interest.(Impact: Chinese proposal is a positive sign that a full-on trade war may be averted)Source:...

  • posted by IMV |
  • 17/5/2018

Economic Times● Tata Steel Q4 profit at Rs14,688 crore● ITC Q4 net profit rises 9.8% to Rs2,933 crore● PNB Housing Finance now more valuable than parent● Nirav Modi is Punjab National Bank’s big problem, but it has many others● ArcelorMittal offers to repay Uttam Galva, KSS debt with ridersBusiness Standatd● Airtel to lay-off section of Telenor staff post-merger● JK Lakshmi Cement Q4 profit jumps 62% to Rs34 crore● Cabinet approves national...

  • posted by IMV |
  • 16/5/2018

North Korea abruptly cancelled talks with South Korea and warned the U.S. to “think twice” about the fate of President Donald Trump’s planned meeting with Kim Jong Un next month, tamping down hopes of a breakthrough at the historic summit. North Korea told South Korean authorities just after midnight local time that it was suspending “indefinitely” minister-level talks planned for Wednesday, South Korea’s Unification Ministry said. Kim’s regime...

  • posted by IMV |
  • 16/5/2018

Economic Times● Karnataka election results: BJP’s victory ‘unprecedented’ says PM Modi● PNB posts Rs13,416 crore Q4 loss after being hit by Nirav Modi fraud● Cabinet reshuffle: Piyush Goyal gets finance, Smriti Irani loses I&B ministry● Idea Vodafone may face conflict of interest in telecom tower deal● PNB fraud: Allahabad Bank divests CEO Usha Ananthasubramanian of all powersBusiness Standatd● Hindustan Unilever makes the most of the GST...

  • posted by IMV |
  • 09/5/2018

Economic Times● Flipkart, Walmart all set for world’s biggest e-commerce deal● Vijay Mallya loses UK lawsuit over $1.55 billion in Indian claims● Telecom dept to examine proposal for sale of Tata Teleservices’ enterprise business● Low margins keep developers away from low-cost housing projects● Cognizant results show Indian IT’s growth acceleration theory is sputteringBusiness Standatd● ICICI Bank shares surge over 8%, set for biggest gain since...

  • posted by IMV |
  • 08/5/2018

Economic Times● BigBasket eyes $500 million war chest as Walmart, Amazon loom● ICICI Bank profit down 50%, board silent on Chanda Kochhar● Reliance Jio may get additional Rs60,000 crore firepower● Taxpayers may have to explain discrepancies in I-T, GST returns● HC rejects plea to stay Vodafone’s UK arbitration in tax dispute caseBusiness Standatd● Infibeam to buy Unicommerce from Snapdeal● Trifecta to raise Rs750 crore venture debt fund●...

  • posted by IMV |
  • 02/5/2018

Economic Times● GST collections cross Rs1 trillion in April, first time since launch● All Indian households to have electricity connection this year● Infrastructure output slows to 4.1% in March● Co-owners need to pay tax on capital gains in the ratio of ownership● Reliance Jio no longer insulated from competition, price wars, results showBusiness Standatd● Govt policies set to boost cross-border defence JVs: report● India’s curbs on import of...

  • posted by IMV |
  • 27/4/2018

Economic Times● Axis Bank woes pile up with first quarterly loss● TCS 1st Indian company to close trading session with $100 billion market cap● Amazon India setting up 5 new warehouses amid intense competition from Flipkart● Property prices drop by 7% in 9 cities in January-March: report● Lodha Developers files IPO paper with SebiBusiness Standatd● Bharti Infratel-Indus Towers deal structure suggests Idea Cellular is desperate for cash● India has...

  • posted by IMV |
  • 26/4/2018

Economic Times● Wipro Q4 profit falls 20% to Rs1, 803 crore, misses estimates● Rupee falls to 14-month low, edges closer to being worst hit among Asian peers● Armed with fugitive offenders law, ED to go after Nirav Modi, Mehul Choksi● EPFO to inform subscribers about contributions not deposited by firms● ICICI Bank-Videocon loan case: I-T dept issues fresh notice to Deepak KochharBusiness Standatd● India shows jobs growth as 3.11 million join EPF...

  • posted by IMV |
  • 25/4/2018

Economic Times● Airtel Q4 profit falls 78% to Rs82.9 crore● Trump administration plans to end work permits for spouses of H-1B visa holders● Walmart sees Flipkart as key to atone for missteps in China● ICICI Securities IPO under Sebi scanner● IDFC Bank Q4 profit falls 76% as bad loan provisions surgeBusiness Standatd● Liberty House plans to spend $1 billion on India expansion in next three years● Malaysia’s IHH revises offer for Fortis...