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Taxes on fuel set to rise further to mobilise addl revenue for Covid relief

Business Standard - 7 hours 27 min ago
An internal examination to look at duty structure on the two products is on and exact timing of the announcement may be finalised soon, sources indicated
Categories: Business News

US elections: Facebook prepares emergency measures to calm possible unrest

Business Standard - 7 hours 27 min ago
The tools, which Facebook is planning to deploy, were earlier designed for "at-risk" countries and have already been used in Myanmar and Sri Lanka
Categories: Business News

Mercedes-Benz delivers 550 cars during Navratri, Dussehra

MoneyControl Business News - 7 hours 37 min ago
The festive season deliveries in the Delhi-NCR region stood at 175 units and there is anticipation of strong demand for upcoming Diwali and Dhanteras period, Mercedes-Benz India said in a statement.
Categories: Business News

Jumbotail raises $11 million in funding from Heron Rock, Nexus Venture, others

MoneyControl Business News - 7 hours 41 min ago
The series B2 round also saw participation from Jumbofund, Nexus Venture Partners, Siddhi Capital, Reaction Fund, Pimpernel Holdings and a group of HNIs as well as industry leaders, a statement said.
Categories: Business News

Nifty Auto index skids 3%; Bajaj Auto, Hero MotoCorp down 6%

Business Standard - 8 hours 13 min ago
At 12:49 pm; Nifty Auto index, top loser among sectoral indices, was down 3 per cent, as compared to 1.2 per cent decline in the Nifty50 index.
Categories: Business News

Festive boom: Mercedes-Benz delivers 550 cars during Navratri, Dussehra

Business Standard - 8 hours 15 min ago
German luxury carmaker Mercedes-Benz on Monday said it delivered 550 cars during Navratri and Dussehra thus driving into a robust festive season. The deliveries were in Mumbai, Gujarat, Delhi NCR and other Northern markets. The festive season deliveries in the Delhi-NCR region stood at 175 units and there is anticipation of strong demand for upcoming Diwali and Dhanteras period, Mercedes-Benz India said in a statement. Commenting on the performance, Mercedes-Benz India Managing Director & CEO Martin Schwenk said, "the festive season this year has begun on a very strong note and we are glad to witness this positive customer sentiment." He further said, "this impressive number of deliveries makes us confident of a good festive season and firmly underlines the trust and confidence that luxury car buyers have on Mercedes-Benz brand and products." On the outlook, he said, "we are confident of further driving this momentum for the rest of the festive period and the quarter. We have an .
Categories: Business News

Covid vaccine updates: Key facts and major announcements you should know

Business Standard - 8 hours 19 min ago
All people of the country will be given Covid vaccine for free, Union Minister Pratap Sarangi announced on Sunday
Categories: Business News

JSW Steel Q2: Exports of iron ore in the first six months, says Seshagiri Rao

MoneyControl Business News - 8 hours 22 min ago
Domestic steel prices are at a 5-6 percent discount to landed imports, he further said, adding that iron ore exports have doubled. He is confident of achieving sales guidance of 15 mt
Categories: Business News

Tata Motors Q2 preview: Up to Rs 3,212 crore loss seen amid JLR's struggles

Business Standard - 8 hours 22 min ago
At the bourses, shares of Tata Motors surged 32.3 per cent during the September quarter as compared to 9 per cent gain in the S&P BSE Sensex, ACE Equity data show
Categories: Business News

Will ABFRL stock hit Rs 200 mark after big Flipkart deal?

ET News - 8 hours 28 min ago
The stock, which was up 14 per cent intraday, traded 8.5 per cent higher at Rs 166.50, as that prevailing price was far lower than Rs 205 that price at which Flipkart valued the stock to acquire 7,31,70,732 shares, or 7.8 per cent stake, in the retail firm on a preferential basis.
Categories: Business News

Kotak Bank's Q2 profit likely to fall on higher provisioning

ET News - 8 hours 28 min ago
Brokerage Sharekhan pointed out that the September quarter for the BFSI (banking, financial services, and insurance) sector is expected to be influenced by regulatory and environmental factors rather than business factors, and the focus will be on management commentary rather than earnings performance.
Categories: Business News

RIL falls 2% as Reliance Retail-Future deal put on hold by arbitrator

ET News - 8 hours 28 min ago
“RRVL has entered into the transaction for acquisition of assets and business of Future Retail under proper legal advice and the rights and obligations are fully enforceable under Indian Law,” RIL said in a late evening release on Sunday.
Categories: Business News

IndusInd Bank jumps 4% as promoters reaffirm support to bank

ET News - 8 hours 28 min ago
In a filing to BSE, the bank said: "Whenever financial crises have impacted the Indian economy and its financial institutions, the promoter of the IndusInd Bank has positively intervened to support and improve the financial position of the bank," the bank said.
Categories: Business News

View: Will the UN survive another quarter century? China could queer the pitch

ET News - 8 hours 28 min ago
The permanent five have never taken any military action jointly in these 75 years. Instead, they have used the veto 254 times between them to kill resolutions. Consequently, wars have been waged in many parts of the world, most of them with their direct or indirect involvement.
Categories: Business News

Donald Trump had one last story to sell. The Wall Street Journal wouldn’t buy it.

ET News - 8 hours 28 min ago
The Journal had seemed to be the perfect outlet for a story the Trump advisers believed could sink Biden’s candidacy. Its small-c conservatism in reporting means the work of its news pages carries credibility across the industry. And its readership leans further right than other big news outlets.
Categories: Business News

The two Americas financing the Donald Trump and Joe Biden campaigns

ET News - 8 hours 28 min ago
It is not just that much of Biden’s strongest support comes overwhelmingly from the two coasts, which it does. Or that Trump’s financial base is in Texas, which it is. It is that across the country, down to the ZIP code level, some of the same cleavages that are driving the 2020 election — along class and education lines — are also fundamentally reshaping how the two parties pay for their campaigns.
Categories: Business News

Foreign students show less zeal for US since Trump took over

ET News - 8 hours 28 min ago
The session with parents fell in the chaotic first months of Donald Trump's presidency. After an inaugural address proclaiming ``America first,'' two travel bans, a suspended refugee program and hints at restricting skilled worker visas widely used by Indians, parents doubted their children's futures in the U.S.
Categories: Business News

Russia created an election disinformation playbook. Here's how Americans evolved it

ET News - 8 hours 28 min ago
“We see that playbook being used by political operatives in the US and we see that same playbook being used by individuals in their basements who are angry and frustrated with life,” said Claire Wardle, the US director of First Draft, a nonprofit organization focused on addressing misinformation and disinformation.
Categories: Business News

Coronavirus surge shadows Donald Trump and Joe Biden campaign events after final debate

ET News - 8 hours 28 min ago
With 10 days left until the election and hundreds of thousands of voters expected to cast their ballots as long lines marked the first weekend of early in-person voting in Florida, New York, Wisconsin and other states, Trump and Biden presented sharply divergent cases, both in words and actions, for how they would handle the virus crisis still gripping the country.
Categories: Business News

COVID caution goes for toss in Bihar election heat

ET News - 8 hours 28 min ago
Several senior leaders including Deputy Chief Minister Nitish Kumar, BJP incharge for Bihar polls Devendra Fadnavis, former union minister and Chapra MP Rajiv Pratap Rudy have fallen victim to the contagion.
Categories: Business News