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Centre moves SC seeking Rs 2,940 crore RCom bank guarantee over spectrum

Centre moves SC seeking Rs 2,940 crore RCom bank guarantee over spectrum

New Delhi: The Supreme Court on Monday agreed to hear the Centre’s plea for Rs 2,940 crore bank guarantee from Reliance Communication arising from outstanding spectrum dues. The case was brought before a bench headed by Justice A.K. Sikri who said it would be heard tomorrow.

Bajaj Auto launches KTM 200 Duke with ABS at 1.60 lakh

Bajaj Auto launches KTM 200 Duke with ABS at 1.60 lakh

Mumbai: Bajaj Auto, which owns 49 per cent in Austrian sports bike brand KTM, Friday launched the ABS (anti-lock braking system) version of KTM 200 Duke, priced at Rs 1.60 lakh (ex-showroom Delhi). The newly added ABS will be an added feature for improved and controlled stopping power.

Maruti Suzuki to upgrade its 15 vehicles, 40 variants to meet BS-VI norms

Maruti Suzuki to upgrade its 15 vehicles, 40 variants to meet BS-VI norms

With the Supreme Court fixing April 1, 2020, deadline for the sale of only BS-VI-compliant vehicles, Maruti Suzuki India (MSI) is working 'overtime' to make over 40 variants of powertrains across more than 15 models meet the stricter emission norms, according to a senior company official.

The company has also reinforced manpower in its engineering and research and development in order to be able to meet the Bharat Stage (BS) VI norms for its fleet ahead of schedule.

Coal India, Vedanta, NTPC, SAIL hit 52-week lows

Coal India, Vedanta, NTPC, SAIL hit 52-week lows

Shares of Coal India, Vedanta, NTPC, Steel Authority of India (SAIL) and Finolex Cables have hit their respective 52-week lows on the BSE on Monday.

BASF, CARE Ratings, Hexaware Technologies, ITD Cementation, Jindal Stainless, Shankara Building Products, Take Solutions and Timken India were among 18 stocks from the S&P BSE 500 index are some of the other counters that hit their 52-week lows today.

YES Bank shares could witness choppy trade

YES Bank shares could witness choppy trade

YES Bank shares could be volatile this week as investors debate about the fate of mutual fund holdings of the debt issued by two promoter companies after the bank’s stock price halved from its peak in August.

Mahindra and Mahindra to use SsangYong brand to expand portfolio

Mahindra and Mahindra to use SsangYong brand to expand portfolio

JAIPUR | MUMBAI: Mahindra and Mahindra, India’s leading manufacturer of utility vehicles, is leveraging its overseas unit SsangYong to develop new products and expand its portfolio seven years after acquiring the South Korean brand.

The company has set itself a target of selling 9,000 units a month from three all new products planned this financial year,

Sensex, Nifty turn choppy as IT, pharma stocks fall

Sensex, Nifty turn choppy as IT, pharma stocks fall

Mumbai: The BSE benchmark Sensex pared early gains and turned choppy after opening over 200 points higher on Monday, led by fall in IT and pharma stocks amid strengthening rupee.

The 30-share Sensex pared early gains and was trading 4.38 points, or 0.01 per cent, higher at 34,985.40. The NSE Nifty too witnessed similar movement, and was trading 10.15 points, or 0.09 per cent, higher at 10,536.75.

Why Vodafone Idea’s sensible plea didn’t make any sense to investors

Why Vodafone Idea’s sensible plea didn’t make any sense to investors

You have to give full marks to Vodafone Idea Ltd for trying. When the newly merged company’s management met telecom analysts for the first time last week, it made a fairly logical case for an improvement in India’s telecom industry. They also laboured to point out that the company itself would soon be on a strong footing. The timeline for extracting full synergies from the merger had been advanced by two years, which, coupled with planned asset sales and equity issuances, would bring down leverage substantially, it said.

Bitcoin Falls Further Below $4,000; Crypto Continues Plunge

Bitcoin Falls Further Below $4,000; Crypto Continues Plunge

The great crypto crash of 2018 plunged deeper over the weekend.

Bitcoin slid another 4.5 percent to $3,635 at midnight Sunday in New York, according to Bitstamp. It recouped most of the losses by 7:50 a.m. but remains in the red. It’s lost 33 percent in the past week and 75 percent this year.

Equity new fund offers dry up as Sebi frowns on me-too schemes

Equity new fund offers dry up as Sebi frowns on me-too schemes

November so far hasn't seen a single draft filing of new fund offers in equity schemes from asset management companies (AMCs), according to data available with Securities and Exchange Board of India (Sebi).

Experts feel the mutual fund houses have slowed down in expanding their product basket in equity schemes after the market regulator last year expressed its displeasure for "me-too"

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