Tuesday, Jun 25, 2019 | Last Update : 11:56 PM IST
Columns
A major diplomatic success would be a preferable option for Trump.
The Conservatives have a two-stage procedure for electing their leader.
The implication was that there would be some military action, proportionate to the provocation.
There was no silver lining to inspire hopes of a recovery as in 1989 when it lost to the National Front. It lost again to the BJP in 1998 and in 1999.
Economy
Jalan panel on RBI's capital size again defers report submission till Budget
The ECF panel will meet again in July and will submit the report post Budget.
Privatise mining to cut back USD 400 bn of imports: Vedanta's Anil Agarwal
Vedanta's Anil Agarwal asserted that increased mining can add USD 500 billion to the economy and create two crore jobs.
RBI panel defers reserves report for fourth time
The panel will submit the report after the federal budget in July, the official said.
Retail, FMCG to add 2.76 lakh new jobs in Apr-Sept FY20
Mumbai with 14,770 new jobs and Delhi with 10,800 new jobs will be the leaders for (FMCG/D), the report said.
CREDAI seeks bank funding for developers to buy land for affordable housing projects
Land funding is typically done by NBFCs or private equities, it said, but added that cost to developers are as high as 25 pc.
Market
Rupee rises 13 paise to 69.22 vs US dollar in early trade
Forex dealers said foreign fund inflows and selling of the American currency by exporters supported the rupee.
Sensex falls over 150 points; IT stocks drag
Top losers in Sensex included HCL Tech, Sun Pharma, Hero MotoCorp, Asian Paints, Tata Steel, TechM, TCS and IndusInd Bank.
Binny makes $76.4 million more from stake sale
Bansal transferred 539,912 equity shares to FIT Holdings SARL, Walmart’s Luxembourg entity.
Sensex ends 72 points lower; oil, metal stocks drag
After swinging nearly 300 points in a volatile session, BSE sensex settled 71.53 points lower at 39,122.96.
Companies
With job intact, Nissan's CEO pins Renault alliance on mutual respect
Renault had demanded additional representation on Nissan groups overseeing company auditing and personnel nominations.
Oyo crosses 5 lakh room inventory in China, to invest USD 100 mn in 2 yrs
Oyo also claimed that it has now become the largest single hotel brand in China
Storm is coming: Firms brace for transport disruption post shipping shakeup
World's 2 biggest container shipping lines - Denmark's Maersk and MSC - say they face annual extra costs of over USD 2 bn each.
Steelbird to hike helmets production capacity with Rs 150 cr investment
The expanded capacity will also result in adding nearly 2,500 new jobs, the company said.
RIL to raise USD 1.85 billion from offshore lenders to meet its needs
RIL has been inquired by the ministry to provide details of funding, operations and revenues.
Autos
Fiat Chrysler discusses improved Renault merger bid to win French backing
The improved offer, if formalised and accepted, would also see the combined company’s operations headquartered in France.
Hyundai Venue crosses 34,000 bookings
The sales of Maruti Vitara Brezza, which were between 13,000 units to 14,000 units every month, had come down to about 8,000 units last month.
Kia Seltos teased in a video ahead of global unveil
The video teaser gives us a glimpse of the production-spec Seltos in a new colour.
Honda drives in Amaze Ace at Rs 7.89 lakh
The Monday launch marks the second-generation compact sedan's success in selling over 1 lakh unit sales milestone in just 13 months.
In Other News
Gross NPAs of banks may reduce to 8 per cent by March 2020: Report
NPA in the banking system had peaked at 11.5 per cent in March 2018 and then declined to 9.3 per cent in March 2019.
IOC sees growth in Indian fuel demand above 4 per cent in 2019
Gasoline and jet fuel demand are expected to rise by 7-8 pc this year, while diesel consumption could increase by 3 pc.
India, US nearing industrial security pact for defence technology transfers
After years of hesitation, India signed an agreement in 2016 to allow both countries to access each other’s military bases.
5 rules to make you financially independent
Save before spending. The practice of saving adds to one’s psychological wellbeing.
Early exit of Acharya from RBI not to roil markets: SBI report
In his resignation, he expressed inability to continue beyond July 23, 2019, the RBI said.