All posts in cgtqudzcd
Air India paid ‘avoidable’ Rs 43.85 crore penalty for non-compliance with contractual timelines: CAG
12/28/2021
Air India shelled out an avoidable penalty of Rs 43.85 crore to Boeing for non-adherence with the contractually stipulated timelines under the agreement for an aircraft component service programme, according to CAG. The penalty amount was paid in August last year for the July 2016 to December 2019 period. The Comptroller and Auditor General (CAG)
12/07/2021
Asian stock markets rose, the dollar eased and longer-dated bonds rallied on Thursday as investors reckoned on inflation bringing forward rate hikes around the world. MSCIs broadest index of Asia-Pacific shares outside Japan gained 0.4%. Japans Nikkei climbed 1%. The Shanghai Composite was marginally softer while Hong Kong markets were closed for a holiday. Overnight
11/30/2021
Economic and fiscal upheaval. Uncertainty due to the pandemic. Government of India seeing a dip in its finances. Consumers cut discretionary spending and consumer finance drying up. Now, tax collections take a further hit. India is going through that dreaded economic downcycle where growth is taking a backseat. Downgrades and bad loans are dominating the
11/16/2021
Investors wealth has tumbled by over Rs 8.47 lakh crore in three days of market fall, with equity benchmark Sensex closing below the 61,000-level on Thursday. The BSE Sensex declined 336.46 points or 0.55 per cent to close at 60,923.50. In three days, the benchmark has lost 842.09 points or 1.36 per cent. Following the
11/02/2021
The Supreme Court of India today allowed the central government to go ahead with the Char Dham road project and construction of three double-lane strategic highways as part of the project. The court also constituted a committee to be led by former Supreme Court judge AK Sikri to ensure all remedial measures are taken in
Using dating apps like Bumble, Tinder on iPhone? Cryptocurrency hackers are coming after you: Report
08/17/2021
As cryptocurrencies continue to expand in scope and size for investors globally, hackers are also broadening their attacks. Now, they are luring crypto users using Apple iPhones through popular dating apps such as Bumble and Tinder across Asia, the US, and Europe, according to cybersecurity firm Sophos. The company recently said that it has uncovered
08/10/2021
Hariom Pipe Industries has filed draft papers with capital markets regulator Sebi to raise Rs 100-120 crore through an initial public offering. The Initial Public Offering (IPO) comprises sale of 85 lakh equity shares of the company, according to the Draft Red Herring Prospectus (DRHP) filed with Seb. Net proceeds from the initial share sale
07/27/2021
After flooding domestic markets with funds for 10 of the 12 months of this fiscal year, Foreign Institutional Investors (FII) have slowed the quantum of inflows this month. Could this pose a challenge for Dalal Street and could FIIs turn net sellers in 2021? V Srivatsa, Executive Vice President Fund Manager In an interview with
07/27/2021
We recently met with BIOS Here are the key takeaways: After two years (FY20\/FY21) of earnings decline, BIOS is well-positioned to revive earnings growth meaningfully. In addition to steady traction in already launched Biosimilars, BIOS has Insulin Glargine (Semglee) contracts starting Q4FY22. This would be further supported by b-Aspart, subject to regulatory clearance. The recent
07/06/2021
Bloomberg: Cybersecurity companies mostly rose on Monday, outperforming the broader market as a sprawling, recent cyber attack was seen as underlining the need for online protection services. The breach is likely to lead to elevated spending on security, analysts wrote, suggesting a powerful and long-term demand tailwind for the sector. The hack 8% on Monday
