Factbox - Failure to launch: The biggest IPO pull-outs of 2019

Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — most notably WeWork — failed to draw the expected interest from investors.
Reuters, 6 hour(s) ago
Also from: Hindu Business Line, Money Control and 1 other source

Netflix tests multi-month packs in India to woo new users

According to sources, Netflix has started testing multiple months subscription plans (three, six and 12 months) that will be offered at a discounted price. PTI | Dec 11, 2019, 09.15 PM IST BCCL Earlier this year, Netflix had piloted and then launched a mobile ...
Economic Times, 8 hour(s) ago
Also from: Money Control

Automakers Focus On Exports To Prop Up Sales, Reduce Inventory: Experts

In terms of passenger cars, exports edged higher by 13.60 per cent to 39,390 units in November. New Delhi: Even as automobile industry's domestic sales performance continues to decline, increased shipments of BS-IV vehicles at attractive prices along with low ...
NDTV, 10 hour(s) ago
Also from: Hindu Business Line, Rediff.com and 1 other source

Government Eases Lending Rules For Weak Shadow Banks

The government said it would allow state-run banks to get partial guarantees against the purchase of BBB+ rated securities of these shadow banks in addition to existing norms for AA or higher rated assets. The government had earlier this year announced it ...
NDTV, 10 hour(s) ago
Also from: Times of India

After Market: YES Bank nosedives; Dish TV, Voda Idea jump; 37 stocks hit 52-week highs

India VIX, the measure of volatility, dived 8.01 per cent to 13.14 during the day. Getty Images As many as 50 stocks flashed ‘sell’ signals as they crossed below the signal line on MACD indicator. Company Summary NSE BSE Charts Valuation & Peer Comparison ...
Economic Times, 11 hour(s) ago
Also from: NDTV, Reuters and 1 other source

Data Protection Bill referred to House panel

The Personal Data Protection Bill 2019, which was introduced in the Lok Sabha on Wednesday, has been referred to a joint select committee of both Hou
Hindu Business Line, 10 hour(s) ago
Also from: Hindu Business Line, Rediff.com and 2 other sources

Walmart, Flipkart Jointly Invest In Ninjacart Startup

Ninjacart offers business to business (B2B) supply chain infrastructure and technology solutions with traceability feature. The startup deploys sophisticated supply chain algorithms, harvesting big data, predictive analytics, mobile applications and internet ...
NDTV, 12 hour(s) ago
Also from: Economic Times

ADB cuts India's FY19 growth forecast to 5.1%

The multilateral bank, however, expects the growth to pick up to 6.5 per cent next year on supportive government policies. Illustration: Dominic Xavier/Rediff.com Asian Development Bank (ADB) on Wednesday lowered India's economic growth forecast for FY2019 to 5.1 per cent on slowing job prospects, rural distress exacerbated by poor harvest and credit crunch. The multilateral bank, however, expects the growth to pick up to 6.5 per cent next year on supportive government policies.   In ...
Rediff.com, 12 hour(s) ago
Also from: NDTV, Reuters and 1 other source

ITC bets big on frozen food segment, eyes 20% market share in 3 years

Diversified conglomerate ITC is looking to garner up to 20 per cent of the Rs 7,400-crore frozen food market in India in next three years with the fi
Hindu Business Line, 13 hour(s) ago
Also from: Rediff.com, Money Control and 1 other source

Why GST rates on various items may go up

With pressure on revenue collection, the goods and services tax rates and slabs may be raised during the GST Council meeting next week. The all-powerful GST Council, headed by finance minister Nirmala Sitharaman, is set to meet on December 18 in the backdrop ...
Times of India, 14 hour(s) ago
Also from: Rediff.com, Money Control and 1 other source