Brown-Forman looks to expand portfolio, tap ‘huge opportunity’ in Indian market

India is among the top 10 emerging international markets for Brown-Forman. American spirits major Brown-Forman, the maker of many popular brands including Jack Daniel’s, is seeking to tap a “huge opportunity” in the Indian market where premiumisation of liquor has accelerated during the coronavirus pandemic, according to a company official. The Louisville, Kentucky-based company has… Continue reading Brown-Forman looks to expand portfolio, tap ‘huge opportunity’ in Indian market

Lithium fuels hopes for revival on California’s largest lake

Fox Business Flash top headlines for August 30 Check out what’s clicking on FoxBusiness.com. Near Southern California’s dying Salton Sea, a canopy next to a geothermal power plant covers large containers of salty water left behind after super-hot liquid is drilled from deep underground to run steam turbines. The containers connect to tubes that spit… Continue reading Lithium fuels hopes for revival on California’s largest lake

US energy firms weigh in on employee vaccine mandates

Biden pushes for COVID booster vaccines by September Infectious disease expert Dr. Amesh Adalja argues that the necessity for the healthy general public to get booster shots is a bit ‘muddled.’ The U.S. energy industry is weighing in on COVID-19 vaccine mandates for employees as infections are on the rise following the spread of the… Continue reading US energy firms weigh in on employee vaccine mandates

SEBI cuts lock-in period for promoters to 18 months post-IPO

Markets regulator SEBI has reduced the minimum lock-in period for promoters’ investment post an initial public offering (IPO) to 18 months from three years, under certain conditions. The move comes at a time when many companies are looking to list on the stock exchanges. In addition, the Securities and Exchange Board of India (SEBI) has… Continue reading SEBI cuts lock-in period for promoters to 18 months post-IPO

COVID-19 vaccine: $11 billion global market opportunity for India, says report

Even as the developed nations vaccinated more than half of its population, there are export opportunities for COVID-19 vaccine in various African, Asian and South American countries. India’s pharmaceutical sector is looking at an opportunity to the tune of $10 to 11 billion in the form of COVID-19 vaccine supply, in both domestic and export… Continue reading COVID-19 vaccine: $11 billion global market opportunity for India, says report

Ask us: On investments

Basic exemption limit for super senior citizens is ₹5,00,000. In other words, ₹5,00,000 of your taxable income is taxed at 0%. Q. I am a senior citizen having pension and interest income. Recently, I redeemed some mutual funds possessed by me from 2017 onwards. Since I possessed them for more than 3 years, I presume… Continue reading Ask us: On investments

Govt woos U.S. investors to explore opportunities in power, renewable energy sector

Union Minister R.K. Singh reiterated his commitment to further U.S. and India’s shared goals on climate change, clean energy and sustainability and the India-U.S. Clean Energy Agenda 2030 Partnership. Union Minister R.K. Singh interacted with investors from the U.S. and invited them to explore investment opportunities in the renewable energy and power sector in India.… Continue reading Govt woos U.S. investors to explore opportunities in power, renewable energy sector

Exploring acquisitions, says ITC chairman Puri

‘Hotel unit to track asset-right strategy’ ITC Ltd. is ‘proactively’ exploring inorganic opportunities as part of its vision for the next horizon, chairman Sanjiv Puri told shareholders on Wednesday. He was addressing the company’s 110th Annual General Meeting online. “This was manifest in the earlier acquisition of Savlon and Nimyle brands, and more recently of… Continue reading Exploring acquisitions, says ITC chairman Puri

Four IPOs to hit markets next week; aim to garner ₹14,628 crore

Nuvoco Vistas, CarTrade, Aptus Value Housing Finance, and Chemplast Sanmar will be open for public subscription this week. The buzz in the IPO (Initial Public Offering) market continues with four companies launching their initial share sales this week to raise over ₹14,628 crore collectively. This comes after four companies — Devyani International, Krsnaa Diagnostics, Windlas… Continue reading Four IPOs to hit markets next week; aim to garner ₹14,628 crore

SF Holdings Q1 profit surges 80% to ₹5.13 cr.

‘Auto still scarred by downturn’ Sundaram Finance Holdings Ltd. (SF Holdings) reported first quarter net profit grew 80% to ₹5.13 crore while revenue rose 13% to ₹10.50 crore. SF Holdings primarily operates as a holding company owning a portfolio of businesses engaged in various aspects of automotive manufacturing. While performance of portfolio companies is improving,… Continue reading SF Holdings Q1 profit surges 80% to ₹5.13 cr.

City firm bags ₹350-cr. order from Maldives

Chennai-based Indira Group of Companies has drawn up plans to enter the Maldives, Mauritius and African markets as part of its expansion programme. “We are in the process of bagging orders close to ₹1,000 crore this calendar year,” said Bhupesh Nagarajan, chairman and founder. Two projects of more than ₹800 crore are to be executed… Continue reading City firm bags ₹350-cr. order from Maldives

City firm bags ₹350-cr. order from Maldives

Chennai-based Indira Group of Companies has drawn up plans to enter the Maldives, Mauritius and African markets as part of its expansion programme. “We are in the process of bagging orders close to ₹1,000 crore this calendar year,” said Bhupesh Nagarajan, chairman and founder. Two projects of more than ₹800 crore are to be executed… Continue reading City firm bags ₹350-cr. order from Maldives

Do you want to bond with the best?

An investor must mull finer points before choosing government bonds over bank FDs The RBI recently released the features of Retail Direct Gilt Account as part of its (and the government’s) initiative to encourage retail participation in government bonds. The question is: should you invest in government bonds? In this article, we discuss the benefits… Continue reading Do you want to bond with the best?

Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Mr. Jhunjhunwala’s Akasa Air comes at a time when aviation industry is reeling from the impact of the pandemic Billionaire Rakesh Jhunjhunwala’s plan to launch an ultra-low-cost airline, could give plane maker Boeing a chance to regain lost ground after the fall of one of its biggest customers, Jet Airways, two years ago, industry executives… Continue reading Rakesh Jhunjhunwala’s new airline may give Boeing a chance to regain lost ground

Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘In time, EVs to contribute 25% of sales’ Tata Motors group will invest ₹28,900 crore across its domestic business and JLR in 2021-22, and in the development of hydrogen fuel cell vehicles, Chairman N. Chandrasekaran said. The company will also look to raise capital separately for its electric vehicles (EV) business ‘at an appropriate time’.… Continue reading Tata Motors to invest ₹28,900 crore in FY22, says Chandrasekaran

‘Kia tops poll for dealer satisfaction with OEMs’

Business viability, a key aspect: FADA A Federation of Automobile Dealers Association (FADA) survey has found that dealers of Kia India are the most satisfied in their dealings with original equipment manufacturers (OEMs), among various mass-market four-wheeler makers. The survey, conducted in association with PremonAsia, sought responses from about 2,000 dealers on OEM-dealer business relationships… Continue reading ‘Kia tops poll for dealer satisfaction with OEMs’

Hundreds of Alabama coal miners protest outside BlackRock's NYC headquarters

Bitcoin mining revives coal country for environmentally-friendly repurposing Profits from some Bitcoin investments are helping to revive and repurpose former coal mine locations. FOX Business’ Lauren Simonetti with more. Hundreds of coal miners and union advocates took to the streets of New York City this week in support of workers from Warrior Met Coal mines… Continue reading Hundreds of Alabama coal miners protest outside BlackRock's NYC headquarters

Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

However, the RBI’s directions will not impact existing customers of Mastercard. As many as five private sector banks, including Axis Bank, Yes Bank, and IndusInd Bank, are to be impacted by the Reserve Bank of India’s decision to ban Mastercard from issuing new cards for not complying with local data storage guidelines, according to a… Continue reading Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

However, the RBI’s directions will not impact existing customers of Mastercard. As many as five private sector banks, including Axis Bank, Yes Bank, and IndusInd Bank, are to be impacted by the Reserve Bank of India’s decision to ban Mastercard from issuing new cards for not complying with local data storage guidelines, according to a… Continue reading Fresh card issuance by five private banks to be impacted due to ban on Mastercard by RBI: Report

Centuri Group To Acquire Riggs Distler For $855 Mln Cash – Quick Facts

Centuri Group, Inc., a wholly-owned subsidiary of Southwest Gas Holdings, Inc. (SWX), announced Tuesday it has entered into a definitive agreement to acquire Riggs Distler & Co., Inc. and its affiliates for $855 million in cash subject to customary adjustments, including working capital. The all-cash purchase is expected to be fully funded by new Centuri… Continue reading Centuri Group To Acquire Riggs Distler For $855 Mln Cash – Quick Facts

IBBI 'inadvertently' puts out Aadhaar, PAN info of creditors on website; removes them later

It could not be immediately ascertained as to such details of how many creditors were put out The Insolvency and Bankruptcy Board of India (IBBI) "inadvertently" put out on its website Aadhaar and PAN details of creditors, including workmen, of some companies undergoing resolution process, and the issues are expected to be sorted out in… Continue reading IBBI 'inadvertently' puts out Aadhaar, PAN info of creditors on website; removes them later

Fitch lifts RIL’s rating a notch above India’s

Fitch Ratings has upgraded Reliance Industries Ltd.’s rating to ‘BBB,’ one notch above India’s sovereign rating, as RIL benefits from cash flow generation across diversified business segments and the continuation of deleveraging. In a statement, Fitch said it had upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’ from ‘BBB-’, with a negative outlook.… Continue reading Fitch lifts RIL’s rating a notch above India’s

Current fiscal may see highest number of model launches: Royal Enfield

The company, which is part of Eicher Motors, noted that it has a rich pipeline of products under development which could hit the market in the coming days Mid-sized motorcycle maker Royal Enfield expects the current fiscal to be one of the best for the company in terms of new model launches as it looks… Continue reading Current fiscal may see highest number of model launches: Royal Enfield