Wednesday, Apr 24, 2019 | Last Update : 03:52 PM IST

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"The funding reduces leverage for Bharti and Reliance but is inadequate for VodaIdea, in our view," it said. "With Jio focus remaining on subscriber addition, the market repair is still 12 months away."

Telecom market repair still some time away: Jefferies

DC CORRESPONDANT | PTI

This fiscal will see equity fund-raising of over Rs 1 lakh crore led by separate rights by Vodafone-Idea and Bharti Airtel.

"Benign food inflation and easier global financial conditions following the US Fed's shift to a more dovish policy stance has enabled the Reserve Bank of India (RBI) to become the first central bank in Asia-Pacific (APAC) to begin an explicit easing cycle," Fitch said in its APAC sovereign credit overview report.

RBI first APAC central bank to begin interest rate easing cycle: Fitch

DC CORRESPONDANT | PTI

Fitch has a 'BBB-', the lowest investment grade, rating on India, with a stable outlook.

Reserve Bnak of India.

RBI reserves panel likely to submit report by June end: Official

"About two years ago, we realised that while we had a 50 per cent share in online sales, our offline presence was negligible. That's when we started our offline expansion," Xiaomi Vice-President and MD Manu Jain told reporters.

Xiaomi eyes 10K retail stores in India, 50 pc biz from offline route

At the May 2 repurchase, the RBI said it will repurchase five securities with dates of maturity extending from next year to 2032.

RBI announces Rs 25,000 cr liquidity injection in May as liquidity dries up

The VRS scheme for BSNL and MTNL will have revenue impact worth Rs 6,365 crore and Rs 2,120 crore on each company.

VRS package may save Rs 1,080 cr in annual salary tab: MTNL chief

Govt in February relaxed the definition of start-ups and allowed them to avail full angel tax concession on investments of up to Rs 25 cr. (Photo: Pixabay/ Representational)

342 start-ups get angel tax exemption since February

cra said a USD 10 a barrel increase in oil prices will lead to a 0.10 per cent increase in the headline inflation. (Representational Image)

Rising crude prices to adversely impact CAD, rupee, inflation: Report

The cloud computing system helps entities use software, store data and other IT related work without the need to buy complete software or hardware that they may need for computing purposes.

Huawei, Infosys sign partnership pact for cloud computing business

Indiabulls Real Estate posted a 95 per cent decline in its consolidated net profit at Rs 108.56 crore for the fourth quarter of the last fiscal as against Rs 2,181.13 crore in the year-ago period, according to a regulatory filing.

Indiabulls Real Estate to sell London asset to promoters for GBP 200 mn

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MOST POPULAR

‘Game of Thrones’ and sexuality

A lot of heterosexual characters die in ‘GoT’ but the list of gay men that the show has killed weighs heavy. (Photo: File)

Apple AirPods 3 launching this year

The latest report claims that Apple aims to fend off competition from its true wireless rivals by incorporating the noise cancelling function in its third generation AirPods.

Photos: Lisa Haydon and son Zack's cute moments from summer vacay are hard to miss

Lisa Haydon with her son. (Photo: Instagram)

Indian-origin Sikh Canadian leader reveals he was sexually abused as child

He was elected in federal by-elections held on February 25. (Representational Image)

Dr Gagandeep Kang, first Indian woman Fellow of Royal Society in 360 years

She has pioneered work on safe and effective rotavirus vaccines that are now being used to prevent disease in Indian children and which will soon be used in vaccination programmes around the world. (Photo: Dr Gagandeep Kang)

My husband is mentally abused in detention: Ex-Nissan boss Carlos Ghosn's wife

Carole was not with her husband on November 19 when he was dramatically arrested onboard his private jet at a Tokyo airport. (Photo:AP)

First woman to clear IAS from Kashmir's Poonch wants to improve school infrastructure

'We have less facilities but we are not less in any way. I would like to tell children to not let this become an obstacle on their way,' said Bashir. (Photo: ANI)

Japanese woman arrested for smuggling 19 lizards in Australia

The reptiles seized include 2 Blue Tongue lizards and as many as 17 Singleback lizards. (Photo: Twitter @AusBorderForce)

'De De Pyaar De' actor Rakul Preet is a 'shopaholic' and we have proof; find out

Rakul Preet Singh.

Good News! Arjun Rampal and his live-in girlfriend Gabriella expecting first child

Arjun Rampal and Gabriella Demetriades. (Photo: Instagram)

Gallery

Jet Airways employees on Monday held a protest here at Town Hall, appealing the Central government to save the private airline. Nearly, 500 Jet Airlines employees including all ground handling staff, cabin crew members, administration and sales team took part in the protest here. Jet Airways on April 17 cancelled all flights, including its international flights temporarily after failing to secure emergency funds from its lenders, according to a statement by the airlines. (Photo: AP)

Jet Airways employees protest across India

Jet Airways employees protest across India

More Galleries

Jet Airways employees on Monday held a protest here at Town Hall, appealing the Central government to save the private airline. Nearly, 500 Jet Airlines employees including all ground handling staff, cabin crew members, administration and sales team took part in the protest here. Jet Airways on April 17 cancelled all flights, including its international flights temporarily after failing to secure emergency funds from its lenders, according to a statement by the airlines. (Photo: AP)

Jet Airways employees protest across India

There are motorcycles that are built to take you from point A to point B. Then there are bikes that are fun to ride. The third kind are the ones that were created with painstaking levels of engineering to exploit the rules of physics while looking cool at the same time! Here are some of the most expensive motorcycles sold in India where mouth-watering performance comes at an eye-watering cost. (Source: ZigWheels.com)

Top 5 most expensive bikes sold in India

Around 113 upcoming cars like BMW X7, Jeep Wrangler 2019 and Audi A8 2019 will be launched in India in 2019-2021. Among these 113 upcoming cars, there are 3 Hybrids, 22 Sedans, 59 SUV, 1 Convertibles, 5 Coupe, 1 Wagons, 20 Hatchback and 2 MUV. Of the above, here are few cars are expected to launch in the next 5 months. (Source: CarDekho.com)

Upcoming cars in India 2019

As Volkswagen and Skoda gear up to enter the compact SUV segment by 2020. The various other carmakers announcing their intention to launch a host of compact SUVs. (Source: CarDekho.com)

Upcoming: 8 new compact SUVs by 2020

Autos

The VX automatic trim is placed above these grades and is available in petrol and diesel. The Honda Amaze diesel VX CVT has been priced at Rs 9.56 lakh.

Honda drives in new Amaze VX at Rs 8.56 lakh

Honda Accords manufactured between 2003 to 2006 part of recall list, more than 3,600 units affected.

Old Honda Accords recalled for driver airbag replacement

2019 Maruti Alto 800 should get ABS with EBD, driver airbag, rear parking sensors and speed alert system as standard.

2019 Maruti Suzuki Alto 800 to become safer soon

New Brutale 800 RR bike comes at Rs 18.7 lakh BS VI-ready Baleno costlier by Rs 89,000 HMSI launches sports bike CBR650R priced at Rs 7.7 lakh

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Companies

During January to March quarter this year, the net profit increased marginally to Rs 53.26 crore from Rs 53.16 crore in the last quarter of the previous year. (Photo: ANI)

Tata Global Beverages reports decline in profit to Rs 411 crore in FY 19

On March 18, Hotel Leelaventure Ltd had announced sale of its four hotels located in Bengaluru, Chennai, Delhi and Udaipur.

Sebi bars Hotel Leelaventure from selling properties to Brookfield Asset Management

The automaker is already anticipating a 22 per cent cut in operating profit to 450 billion yen (USD 4.02 billion) for the year ended March.

Adding to Ghosn woes, Nissan set to further slash profit outlook: Report

Both Reliance and SoftBank spokespersons declined to comment on the matter.

Softbank investing in Jio as Mukesh Ambani deleverages business

The Gruh Finance deal will reduce stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61 per cent from the current 82 per cent. (Photo: PTI)

RBI approves proposal of HDFC for holding 9.9 pc stake in Bandhan Bank

The CoC of Essar Steel has divided operational creditors of the company into two types -- one with claims under Rs 1 crore and another above Rs 1 crore.

Essar Steel CoC cannot discriminate between operational creditors, observes NCLAT

The company is now set to launch their range of products in the Western and other markets.

Aquawhite signs popular characters - Peppa Pig, Angry Birds and Hello kitty

Based on a complaint filed before the standing committee, the Directorate General of Anti profiteering (DGAP) investigated the books of accounts of P&G India pre and post November 15, 2017, and concluded that the consumer goods manufacturer has not lowered prices of certain products despite a reduction in the goods and services tax rate to 18 per cent from 28 per cent.

P&G guilty of profiteering Rs 250 crore from GST rate cut

Economy

The RBI set a premium of 8.38 rupees at the three-year buy-sell swap auction and accepted the entire planned USD 5 billion up on offer.

RBI sets high cut-off at forex swap auction, forward rates jump

RBI Governor Shaktikanta Das.

Industry delegation calls on RBI Guv, discusses steps for MSMEs, NBFCs

Tit-for-tat tariffs from the China-United States trade war have been costly for many. (Representational image)

To survive trade battles, China manufacturers deploy every weapon they can

Job creation trebles in Feb at 8.61 lakh, according to EPFO payroll data India is not a tariff king, has right to protect specific sectors under WTO: Experts Govt looking at REITS model to monetise land assets of CPSEs, enemy property

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Market

A higher opening of the domestic equity markets restricted fall of the domestic currency to some extent.

Rupee slips 23 paise against US dollar on fund outflows

The NSE Nifty too rose 21.15 points or 0.18 per cent to 11,597.10.

Sensex rises over 100 points; Nifty tests 11,600

Morningstar Managed Portfolios offers domestic financial advisers a holistic investing solution to help clients meet their financial goals through a complete portfolio management service.

Morningstar starts portfolio management service in India

The broader markets performed largely in-line with the benchmark with the Mid-Cap and Small-Cap both ending on a flat note.

Volatility ahead of derivatives expiry likely

The broader NSE Nifty too slipped 18.50 points, or 0.16 per cent, to close at 11,575.95.

Sensex, Nifty slide further on soaring crude prices

Globally, spot gold was trading lower at USD 1,273.80 an ounce, while silver was down at USD 15.06 an ounce in New York.

Gold falls Rs 100 on muted demand, weak global trend

Sourcing from Iran increased to 12.7 million tonnes in 2015-16, giving it the sixth spot. (Representational Image)

India to stop importing oil from Iran; make up lost volumes from alternate sources

A positive start of the equity markets influenced the recovery of the rupee. (Photo: DC)

Rupee rises 9 paise against US dollar in early trade

In Other News

A study from Weforum.com revealed that Indian entrepreneurs are the youngest in the world, with 72 per cent of them aged below 35 years. (Representational Image)

3 Proven ways to successfully run a start-up

There have been quite a few favourable regulatory orders for solar IPPs by CERC on GST relief in Nov 2018 as well as by SERC in Maharashtra in Feb 2019, for allowing impact of safeguard duty under change in law for the affected developers.

Solar capacity addition of 7-7.5 GW likely this fiscal

OPEC, along with ally Russia and others, agreed to reduce output by 1.2 million bpd. (Representational Image)

US to end all waivers on imports of Iranian oil, crude price jumps

Finmin asks all depts to conduct review of govt guarantee; submit details by Apr 30 RBI has $43 billion excess capital: Report Chocolate demand booming in Asia

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