Stocks to Watch: DHFL, Tata Group, Indian Oil Corp, HCC, Sequent Scientific

NEW DELHI : Here’s a list of top ten stocks that may be in news on Wednesday: DHFL: The Securities and Exchange Board of India (Sebi) has barred promoters of Dewan Housing Finance Corp. Ltd (DHFL) from the securities market, accusing them of indulging in fraudulent transactions and misleading investors …

Read moreStocks to Watch: DHFL, Tata Group, Indian Oil Corp, HCC, Sequent Scientific

Tesla’s value drops $50 billion as Musk’s promised cheaper battery 3 years away

Tesla’s market cap dropped $20 billion in just two hours after trading closed Tuesday, as Musk and other Tesla executives presented their new battery and manufacturing strategies. Shares closed down 5.6% and dropped another 6.9% after hours. “Nothing Musk discussed about batteries is a done deal,” said Roth Capital Partners …

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No clamour or rush for restructuring of loan: SBI Chairman, Rajnish Kumar

New Delhi: Contrary to market expectations, there was not too much demand or clamour for restructuring of loans as permitted by RBI recently to beat the COVID-19 related stress, SBI Chairman Rajnish Kumar said. He expects not more than Rs 1.5 lakh crore worth loans would avail restructuring benefit even …

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Majority of retailers expect festive season biz to be down by 25 per cent: Report

New Delhi: A majority of retailers expect festive season business this year to be down by 25 per cent compared to last year due to the impact of coronavirus pandemic and many of them are considering cancelling or deferring orders due to reduced festive forecasts, according to a report by …

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Consumer durable firms witness 12% to 50% spike in online sales amidst pandemic

Consumer durable firms have witnessed a spike in online sales of a range of products during the ongoing pandemic as buyers avoid venturing out. At the Mint CMO Dialogues webinar held on Tuesday, senior executive said that they have witnessed a jump in online sales ranging from 12%-50% in the …

Read moreConsumer durable firms witness 12% to 50% spike in online sales amidst pandemic

FTSE 100 rises as PM Johnson introduces restrictions to curb Covid resurgence

London’s FTSE 100 broke a four-session losing run on Tuesday after Prime Minister Boris Johnson introduced restrictions to curb a resurgence in COVID-19 cases in Britain without resorting to another full-blown lockdown. Johnson urged citizens to work from home where possible and ordered bars and restaurants to close early, with …

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RBI, government in right direction to keep economy moving: Axis Bank CEO

New Delhi: The Reserve Bank and the government are in the right direction to keep the economy moving and signs of revival in the banking industry are visible with people starting to repay their liabilities, Axis Bank MD and CEO Amitabh Chaudhry said on Tuesday. “We have gone through two …

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Digital payment companies haul up Trai, telcos for failing to curb fraud calls/SMSes

New Delhi/Mumbai: Homegrown digital payments majors such as PhonePe, Mobikwik, Infibeam Avenues, among others, have joined Paytm in criticising the telecom regulator and operators, including Reliance Jio, Vodafone Idea (Vi) and Bharti Airtel, for failing to provide adequate safeguards in curbing financial frauds where customers are being targeted through calls …

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Take action against those not complying with regulations: HC to TRAI

New Delhi: The Delhi High Court on Tuesday asked Telecom Regulatory Authority of India (TRAI) to take action in accordance with law against entities and persons not complying with Telecommunication Commercial Communication Customer Preference Regulations, 2018. The court has given 8 weeks to TRAI to take some action on the …

Read moreTake action against those not complying with regulations: HC to TRAI