India News

TVS Motor hits over two-year low on weak Q1 results

Shares of TVS Motor Company hit an over two-year low of Rs 361, down 5 per cent in Tuesday's early morning trade on the BSE after reporting a 3 per cent decline in net profit at Rs 142 crore for the first quarter of fiscal 2020 (Q1FY20), on muted volume, and higher depreciation, interest cost and tax rate.

The stock hit its lowest level since January 3, 2017.

Markets extend sell-off after RBI governor Shaktikanta Das sounds caution

The domestic equity markets continued to reel from selling pressure with the benchmark Sensex extending its three-day sell-off to nearly 1,200 points, or over 3 per cent. Financial stocks led the declines after Reserve Bank of India (RBI) Governor Shaktikanta Das said he was closely monitoring non-banking financial companies (NBFCs) for signs of contagion and sees “signs of fragility” in some lenders.

Chandrayaan-2 goes up successfully, satellite placed in orbit

The Indian Space Research Organisation (ISRO) got more than what it bargained for on Monday, after the Chandrayaan-2 mission lifted off successfully at 2.43 p.m. from the Satish Dhawan Space Centre, SHAR, on its second attempt to place the satellite at an orbit 6,000 km more than what was intended.

Supreme Court orders status quo in Essar Steel insolvency case

The Supreme Court Monday put on hold the sale of Essar Steel to ArcelorMittal as it agreed to hear the appeal filed by financial lenders against the NCLAT order, saying it would like to settle the issue “once and for all”. A bench of Justices R F Nariman and Surya Kant said the monitoring committee will continue its work till the case is heard on August 7.

NTPC to seek shareholder nod to raise Rs 15K crore, hike borrowing limit

State-owned National Thermal Power Corporation will seek shareholders' approval to raise Rs 15,000 crore through issuance of bonds or debentures and to raise borrowing limit to Rs 2 trillion, next month.

The company will seek shareholders' nod through a special resolution to raise funds up to Rs 15,000 crore through issue of bonds/debentures on private placement basis in domestic market.

Pragmatic policy likely on electric two-wheelers in a few months: TVS Motor

TVS Motor Chairman and Managing Director Venu Srinivasan said on Monday that the industry is in talks with the government on NITI Aayog's proposal to switch over to electric vehicles by 2025 and hopes to see a pragmatic policy to come through the next few months. Asserting that hybrid vehicles would be a better option in terms of environment-friendliness, he told shareholders today that the company would be coming out with an electric two-wheeler in the near future.

'The Lion King' breaks many box-office records with massive collection

Los Angeles: If there was any doubt that the 2019 box office belonged to the Walt Disney Co., this weekend put an end to it. Not only did its photorealistic remake of "The Lion King" devour opening weekend records for the month of July and PG-rated films, but "Avengers: Endgame" also crept past "Avatar" to become the highest-grossing film of all time.