Spinning mills of North India considering cutting back production

The decision to take this extreme step has come as a result of excess spinning capacity in the country and poor demand for yarn from overseas markets leading to the accumulation of yarn stocks and poor liquidity.32 PM ISTAgenciesThe spinning industry is under crisis and the situation is moving from bad to worse and spinners are making losses.

Boeing 737 Max’s Problems Force Ryanair to Cut Back Its Growth Plans

Business|Boeing 737 Max’s Problems Force Ryanair to Cut Back Its Growth PlansThe budget airline had ordered 58 of the troubled aircraft, but it now expects to take delivery of 30 at most.CreditCreditAlberto Pizzoli/Agence France-Presse — Getty ImagesRyanair, the Irish budget airline, said on Tuesday that it would scale back its growth plans for next summer because of expected delays in taking delivery of Boeing 737 Max planes.

IFIN ex-CEO Bawa says LIC didn’t back Piramal’s IL&FS bid

Also uncovered are what appear to be attempts by the top IL&FS management to influence credit ratings.The shock IL&FS defaults in September last year had triggered a liquidity crisis.

Apollo's back on track by doubling its bottom line in FY19

Investors would agree with Suneeta Reddy as they look closely at the company’s results to decide their course of action.In FY2019, Apollo doubled its consolidated net profit to Rs 236 crore on revenues of Rs 9,617 crore, a growth of 17% over the previous year.

At Column No. 500, a Look Back at Lessons Learned

Mistakes, and taxes, are painfulIt was the mistakes with money that generated some of the best (if painful) lessons.I wrote my fair share of columns on family squabbles, including battles over dividing estates and alleged improprieties.

Why Ford and General Motors Scaled Back in Europe

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7/3/2019 10:16AM     

Decades after expanding to Europe, Ford and General Motors have both scaled back in the region, in part to gravitate back to their sweet spot: trucks and SUVs.WSJ's Andrew Jeong examines what Mr.

U.S.-China Trade Talks Are Back On but Obstacles Remain

S.companies to resume selling high-tech equipment to Huawei, after he and his Chinese counterpart, Xi Jinping, agreed to restart trade talks.

Large corporates are going back to banks for funds

MUMBAI: Large corporates seem to be going back to bank for funds and moving away from NBFCs loans to industry rose by 6.1 per cent in May 2018.

ISS Recommends EQT Shareholders Back Rice Brother Nominees in Proxy Fight

A worker at EQT, a natural-gas producer in the middle of a proxy fight, helps operate a drilling rig in Washington Township, Pa.The brothers, who with their family control roughly 3% of EQT’s shares, have been frustrated with its operations and are pushing for Toby Rice to replace its chief executive, Robert McNally.

L.A. to Vegas and Back by Electric Car: 8 Hours Driving; 5 More Plugged In

The Bolt is the first in a lineup of electric cars that General Motors hopes to sell in the coming years.But for Bolts as for other electric vehicles, experts generally recommend keeping it 30 to 80 percent charged for optimal battery life.

SMS still alive and kicking on back of applications

As of 2019, it’s a business worth more than $500 million with about 22 billion messages travelling on telecom networks every month.What’s booming is app-to-person messages, thanks to the plethora of apps that users are downloading to their smartphones.

Marathon Petroleum’s Former CFO Back in Role

Donald Templin is returning to the role of finance chief at Marathon Petroleum Corp.Photo:


Marathon Petroleum

Vehicle sales unlikely to bounce back soon: Toyota Kirloskar executive

Monsoon to decide sales, which should hopefully pick up from Aug-Sept onwards, says N Raja, deputy managing director (sales and marketing), TKM.Our aim is to go positive,” said Raja.

Cement got back its mojo in FY19; this year it’ll rake in the moolah

This year, the industry is expected to build on the achievements of FY19 and enhance realisations, by 2-5%.08 AM ISTAgenciesIn the past four months, cement stocks are up in the range of 35-40% and trading at premium valuation to historical averages.

PNB to mop up Rs 10K crore from non-core asset sale, rights issue, write-back

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code.The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code.

JSW Energy to focus only on power, back in black in Q4

The company reported a net profit of Rs 4 crore in the fourth quarter of FY19, as against a loss of Rs 483 crore a year ago.40 PM ISTAgenciesCompany's revenue grew 7% year-on-year to Rs 2,018 crore in the March quarter.

PepsiCo takes back all cases against Gujarat farmers

The farmers involved said they have sought a token Rs 1 compensation from PepsiCo for defamation.06 AM ISTAgenciesThe submission made in the court to withdraw lawsuits against the farmers "is in sync with its publicly stated position," a PepsiCo spokesman said.

Argentina Was Supposed To Be Over Populism. Economic Misery Could Bring It Back

“It’s a neoliberal government,” she says.“It’s a government that does not favor the people.

Banks Fled the FHA Loan Program. The Government Wants Them Back

Fannie Mae and Freddie Mac back about half of new mortgages in the U.S.

RoohAfza back in market after temporary shortage: Hamdard Laboratories

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Earlier, some media reports suggested that the reason behind supply shortage could be a rift amongst RoohAfza founder's family and not herbal shortage.08 PM ISTBCCLAccording to the company, supply shortage along with unprecedented demand due to Ramzan month and peak summer season exerted pressure on RoohAfza's availability.