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INDIA NEWS | Wed, 28 Oct 2020, 8:17AM IST Today, first phase of Bihar Vidhan Sabha elections, rising coronavirus cases, oil prices, July-September quarter earnings, rupee movement and other global cues will set the market direction.

Continue reading at The Financial Express

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INDIA MARKET | Wed, 28 Oct 2020, 8:16AM IST 1HFY21 VNB margins remained broadly stable at 18.8% (vs 18.7% in 1QFY21), supported by an improving business mix.

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INDIA MARKET | Wed, 28 Oct 2020, 8:07AM IST Share Market News Today | Sensex, Nifty, Share Prices LIVE: Global cues were mixed during the early hours of trade with KOSDAQ trading higher but TOPIX, Hang Seng and Shanghai Composite were down with losses.

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INDIA NEWS | Wed, 28 Oct 2020, 8:06AM IST Govt extends deadline to make payment under Vivad Se Vishwas scheme till March 31 The Direct Tax Vivad se Vishwas Act, 2020 was enacted on March 17, 2020 to settle direct tax disputes locked up in various appellate forums.

Continue reading at Moneycontrol

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INDIA MARKET | Wed, 28 Oct 2020, 8:01AM IST When you have valuation divergences, you will have to take the pain if you have a specific investment style, says S Naren.

Continue reading at Economic Times

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INDIA NEWS | Wed, 28 Oct 2020, 7:59AM IST IPL 2020 | Mumbai Indians vs Royal Challengers Bangalore: Fantasy team picks for the match IPL 2020: The winner of tonight's match -- either the Mumbai Indians or the Royal Challengers Bangalore -- will confirm their berth in the Playoffs.

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INDIA NEWS | Wed, 28 Oct 2020, 7:59AM IST Barack Obamas new gig: gleefully needling Donald Trump Clearly relishing the chance to strike back at his successor, former president Barack Obama has been willing to throw punches on behalf of Joe Bidens unity-focused campaign.

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INDIA NEWS | Wed, 28 Oct 2020, 7:57AM IST Stocks in the news | Tata Motors, Hero Moto, Bharti Airtel, HFCL, Network18 Media, Jump Networks Tata Motors, Hero MotoCorp, ICICI Prudential Life Insurance Company, TV18 Broadcast, Castrol India, Sandhar Technologies, JM Financial, Nippon Life India Asset Management are also among the stocks in focus today

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INDIA MARKET | Wed, 28 Oct 2020, 7:53AM IST It is better to go for midcaps as because of smaller bases, they are showing far healthier growth rates than the larger names, says Nitin Raheja.

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INDIA MARKET | Wed, 28 Oct 2020, 7:53AM IST Holdings in SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.23% to 1,266.72 tonnes on Tuesday.

Continue reading at Economic Times

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GLOBAL NEWS | Wed, 28 Oct 2020, 7:52AM IST The nearly 150-year-old Salt Lake Tribune and The Deseret News, founded in 1850, said this week that they would continue publishing online and move to weekly printed editions at the end of the year.

Continue reading at The New York Times

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INDIA MARKET | Wed, 28 Oct 2020, 7:50AM IST Dr Reddy's to announce Q2 numbers today; here's what to watch for As per the estimates of Kotak Institutional Equities the company's US business may increase $20 million quarter-on-quarter (QoQ) led by Ciprodex and other recent launches.

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INDIA MARKET | Wed, 28 Oct 2020, 7:49AM IST U.S. crude oil and gasoline stocks rose last week, data from industry group the American Petroleum Institute showed, with crude inventories rising by 4.6 million barrels to about 495.2 million barrels, against analysts' expectations in a Reuters poll for a build of 1.2 million barrels.

Continue reading at Economic Times

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INDIA MARKET | Wed, 28 Oct 2020, 7:43AM IST Traders' body CAIT raised objections over Aditya Birla Fashion and Retail's plans to raise Rs 1,500 crore by issuing 7.8 per cent stake to Walmart-owned Flipkart Group.

Continue reading at Economic Times

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INDIA NEWS | Wed, 28 Oct 2020, 7:43AM IST Bihar Election 2020 PM Modi Rally: In total, the Prime Minister will address 12 rallies - of these, 3 have been done. After today, he will address another set of rallies on November 1.

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GLOBAL NEWS | Wed, 28 Oct 2020, 7:41AM IST The nearly 150-year-old Salt Lake Tribune and The Deseret News, founded in 1850, said this week that they would move to weekly printed editions at the end of the year.

Continue reading at The New York Times

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INDIA MARKET | Wed, 28 Oct 2020, 7:37AM IST The state is currently ruled by a coalition that includes Modi's BJP and the election will be the first political test of how voters view his handling of the pandemic

Continue reading at Business Standard

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INDIA BUSINESS | Wed, 28 Oct 2020, 7:36AM IST Nasdaq-listed IT firm Cognizant has appointed Rajesh Nambiar as the Chairman and Managing Director of India and a member of Cognizants Executive Comm

Continue reading at The Hindu

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INDIA MARKET | Wed, 28 Oct 2020, 7:36AM IST Microsoft beat Wall Street estimates for quarterly revenue which rose 12% to $37.2 billion, as the software giant benefited more from a global shift to work and learning from home.

Continue reading at Economic Times

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GLOBAL NEWS | Wed, 28 Oct 2020, 7:34AM IST

California Gov. Gavin Newsom touts 'extraordinary work' of firefighters against wind-whipped Orange County wildfiresGov. Gavin Newsom said 42 fires were reported over a 24-hour period as the winds picked up, with most quickly brought under control by firefighters.

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INDIA NEWS | Wed, 28 Oct 2020, 7:30AM IST ICICI Bank on Tuesday said the US Securities and Exchange Commission (SEC) has concluded a probe into the banks bad-loan provisioning exercise and decided not to take any enforcement action against it.

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GLOBAL NEWS | Wed, 28 Oct 2020, 7:27AM IST

Trump news: President repeats Biden allegations at rally after watching Fox News interviewFollow the latest updates

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INDIA NEWS | Wed, 28 Oct 2020, 7:27AM IST Bihar Assembly Election 2020 LIVE Updates: First phase of voting begins, 71 seats going to polls today Bihar Assembly Election 2020 LIVE Updates: The first phase of polling across 71 constituencies is underway.

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INDIA NEWS | Wed, 28 Oct 2020, 7:27AM IST Bihar Assembly Election 2020 LIVE Updates: Polling begins across 71 constituencies Bihar Assembly Election 2020 LIVE Updates: The first phase of polling across 71 constituencies is underway.

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INDIA NEWS | Wed, 28 Oct 2020, 7:27AM IST Bihar Assembly Election 2020 Voting LIVE Updates: Polling begins across 71 constituencies Bihar Assembly Election 2020 Voting LIVE Updates: The first phase of polling across 71 constituencies is underway.

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INDIA NEWS | Wed, 28 Oct 2020, 7:18AM IST Coronavirus India News LIVE Updates: Confirmed cases in India rise to 79 lakh, death toll mounts to 1.19 lakh Coronavirus India News LIVE Updates: Total confirmed cases in India have risen to 79 lakh, while COVID-19 recovery rate stands at 90.62 percent.

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INDIA NEWS | Wed, 28 Oct 2020, 7:18AM IST Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak

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INDIA NEWS | Wed, 28 Oct 2020, 7:17AM IST Moneycontrol Daily: Your Essential 7 A daily round up of the most interesting articles to help jump start the day.

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INDIA BUSINESS | Wed, 28 Oct 2020, 7:16AM IST India has the option of filing an appeal against the decision of the Hague-based Permanent Court of Arbitration (PCA) at the Singapore-based appellate tribunal. Solicitor general Tushar Mehta has reportedly favoured appealing against the award.

Continue reading at Economic Times

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INDIA MARKET | Wed, 28 Oct 2020, 7:15AM IST Polling in Bihar Assembly election 2020: Phase-I will take place from 7 am to 6 pm. Stay tuned for LIVE updates on Bihar election 2020

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INDIA NEWS | Wed, 28 Oct 2020, 7:15AM IST As India and the US announced on Tuesday signing of the crucial military pact, Basic Exchange and Cooperation Agreement (BECA), visiting US secretary of state Michael R Pompeo recalled the Galwan valley incident in June and said the US would stand with the people of India to confront threats to their sovereignty and to their liberty".

Continue reading at The Financial Express

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INDIA MARKET | Wed, 28 Oct 2020, 7:13AM IST Asian shares seen lower on coronavirus, election uncertainty Australia's ASX 200 opened down about 0.43%, while Japan's Nikkei 225 futures NKc1 were down 0.36%.

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INDIA MARKET | Wed, 28 Oct 2020, 7:12AM IST Coronavirus update: Maharashtra has 1,654,028 coronavirus cases, Andhra Pradesh 811,825, Karnataka 805,947, Tamil Nadu 714,235 and UP 472,075. Stay tuned for coronavirus India LIVE updates

Continue reading at Business Standard

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INDIA MARKET | Wed, 28 Oct 2020, 7:10AM IST SP 500, Dow slip on worries about earnings, US stimulus outlook The Dow Jones Industrial Average fell 222.19 points, or 0.8%, to 27,463.19 and the SP 500 lost 10.29 points, or 0.30%, to 3,390.68. The Nasdaq Composite added 72.41 points, or 0.64%, to 11,431.35.

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INDIA NEWS | Wed, 28 Oct 2020, 7:10AM IST Shitij Gandhi Bank Nifty is looking much stronger than Nifty and we can expect it to test 25,000-25,250 levels in the coming sessions.

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INDIA NEWS | Wed, 28 Oct 2020, 7:06AM IST US Election 2020: Melania Trump slams Joe Biden, Democrats in first solo campaign stop First Lady Melania Trump denounced what she called Joe Bidens socialist agenda and criticized media coverage of idle gossip and palace intrigue" in the White House.

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INDIA NEWS | Wed, 28 Oct 2020, 7:03AM IST Bihar Assembly Phase 1 Polls Latest Updates: As per the Election Commission, 2.14 crore people are eligible to cast their vote in the assembly elections. Of these, 1.01 crore are women and 599 are from the third gender community. Among the 1,066 candidates, 952 are men and 114 women.

Continue reading at The Financial Express

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INDIA NEWS | Wed, 28 Oct 2020, 7:00AM IST What is needed is rationalised channel pricing, improved rating and a credible, self-regulatory mechanism. And this, in turn, requires broadcasters, Trai and the I&B ministry to get their act together

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INDIA MARKET | Wed, 28 Oct 2020, 6:51AM IST Polling in Bihar Assembly election 2020: Phase-I will take place from 7 am to 6 pm. Stay tuned for LIVE updates on Bihar election 2020

Continue reading at Business Standard

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INDIA NEWS | Wed, 28 Oct 2020, 6:50AM IST Bihar Assembly Phase 1 Polls Latest Updates: As per the Election Commission, 2.14 crore people are eligible to cast their vote in the assembly elections. Of these, 1.01 crore are women and 599 are from the third gender community. Among the 1,066 candidates, 952 are men and 114 women.

Continue reading at The Financial Express

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INDIA BUSINESS | Wed, 28 Oct 2020, 6:49AM IST At the bourses, shares of Hero MotoCorp rallied 23.5 per cent during the September quarter as compared to 9 per cent gain in the S&P BSE Sensex

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INDIA NEWS | Wed, 28 Oct 2020, 6:45AM IST In Seeking Article 254 (2) cover, Punjab is following the example set by the NDA in the case of the land acquisiton law, but its move harms farmers interest

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INDIA NEWS | Wed, 28 Oct 2020, 6:41AM IST Bihar Election 2020: Among the key constituencies going to polls in the phase one are Imamganj, Sasaram, Dinara, Gaya, Munger, Jamui, Mokama, Jamalpur, Chainpur and Buxar.

Continue reading at The Financial Express

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INDIA MARKET | Wed, 28 Oct 2020, 6:35AM IST Coronavirus update: Maharashtra has 1,654,028 coronavirus cases, Andhra Pradesh 811,825, Karnataka 805,947, Tamil Nadu 714,235 and UP 472,075. Stay tuned for coronavirus India LIVE updates

Continue reading at Business Standard

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INDIA MARKET | Wed, 28 Oct 2020, 6:30AM IST Polling in Bihar Assembly election 2020: Phase-I will take place from 7 am to 6 pm. Stay tuned for LIVE updates on Bihar election 2020

Continue reading at Business Standard

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INDIA NEWS | Wed, 28 Oct 2020, 6:30AM IST Madhya Pradesh HCs order on physical rallies by political parties should be seen against the threat of rising infections

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INDIA NEWS | Wed, 28 Oct 2020, 6:21AM IST Indias largest e-grocer BigBasket is in advanced negotiations with the Tata Group to divest a majority stake in favour of the salt-to-software services conglomerate, according to three people in the know. The proposed deal, which is still evolving, could see the Bengaluru-based company sell around 50% stake for about $1 billion, the sources said.China's internet giant Alibaba, which holds around 26% stake in BigBasket, is expected to sell its entire shareholding in the company along with a group of early backers, said another person who did not want to be identified. Other investors in the e-grocery company include Ascent Capital, CDC Group and the Abraaj Group.While the talks have been ongoing for some time, it is still work-in-progress as far as the specifics go. It may eventually not lead to a transaction at all, said one of the people cited above.Tata Group executives, privy to the discussions, said the conglomerate is likely to execute the deal through its digital arm Tata Digital and that (the investment in BigBasket) "is just step one of several other similar tieups and collaborations that the group is looking to strike (in order) to scale its digital presence". ET had earlier reported that the Tata Group has held talks with BigBasket as well as ecommerce companies Snapdeal and IndiaMart.Read: Tata Group evaluates M&A opportunities to scale up ecomm play "This is not an easy deal to pull off with so many investors involved but there should be some finality to the talks in a couple of weeks," the sources said.Tata Sons did not comment on ETs query. Emailed questions sent on Monday to Hari Menon, cofounder and CEO of BigBasket, as well as to a spokesperson for Alibaba did not elicit a response.Separately, BigBasket has also held discussions, sources said, to rope in a bunch of new investors like Singapore's Temasek, US-based Generation Investment Management, Fidelity and Tybourne Capital, for a $350-400 million financing round. The fundraising process, which began earlier this year, coincided with Reliance Industries announcing its intent to push grocery ecommerce through JioMart.Amazon and Flipkart are the other two deep-pocketed competitors in the grocery segment, which has recorded exponential growth during the pandemic-induced lockdowns. 78902628A Tata Group executive speaking to ET on the condition of anonymity said the conglomerate is looking to acquire internet companies as "scalability of business through a combination of online and offline is seen as critical for future growth"."Currently, none of the group's (Tata Groups) retail businesses have that depth of scale in the ecommerce space," the person said.Read: Groceries to kick off Diwali online battleIn recent times, Tata Sons has also committed significant capital to its retail arms such as Trent, which operates Westside and Landmark, a bookstore chain, as well as Infiniti Retail, a subsidiary of the Tata Group that runs Croma stores.The Covid-19 led lockdown has helped players like BigBasket shore up order volumes amid a significant shift towards online shopping. At the start of the lockdown in April, BigBasket fulfilled 160,000 orders daily but its base of consumers has steadily grown since then, with the retailer clocking Rs 750-900 crore in monthly sales. The company is expected to close this fiscal year with about Rs 9,000 crore in gross sales.

Continue reading at Economic Times

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INDIA NEWS | Wed, 28 Oct 2020, 6:15AM IST Involve local stakeholders, executive to curb farm fires, pollution

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GLOBAL NEWS | Wed, 28 Oct 2020, 6:05AM IST

NXIVM sex cult leader Keith Raniere sentenced to 120 years in prisonThe shadowy group that operated near Albany, New York, has been the subject of the HBO docuseries "The Vow."

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