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Congress plans to bring right to health care in Lok Sabha manifesto: Rahul

Congress plans to bring right to health care in Lok Sabha manifesto: Rahul

Congress President Rahul Gandhi on Friday said his party’s manifesto for the Lok Sabha polls would include a right to health care. The Congress said it was committed to increase investment in health care infrastructure to make public hospitals the first choice for patients.

Over the past month, Gandhi has announced key manifesto promises. These have included a minimum income guarantee to all poor, or NYAY,

Trump issues first veto on bill to block his border wall national emergency

Trump issues first veto on bill to block his border wall national emergency

President Donald Trump issued his first veto Friday, rejecting Congress’s effort to cancel his declaration of a national emergency to pay for a wall on the US-Mexico border, a centerpiece of his 2016 campaign.

“Congress passed a dangerous resolution that, if signed into law, would put countless Americans in danger,” Trump said just before signing the veto in the Oval Office, where he was joined by family members of crime victims and law enforcement officials.

CIL board approves second interim dividend of Rs 5.85 per share

CIL board approves second interim dividend of Rs 5.85 per share

New Delhi: State-owned CIL on Thursday said its board has approved second interim dividend of Rs 5.85 per equity share for the fiscal 2018-19.

"The board of directors in its meeting on March 14, 2019 approved payment of 2nd interim dividend for the financial year 2018-19 @ Rs 5.85 per share of the face value of Rs 10 as recommended by the audit committee of CIL in its meeting held on date," the PSU said in a filing to BSE.

Sensex surges over 200 points; Nifty reclaims 11,400 mark

Sensex surges over 200 points; Nifty reclaims 11,400 mark

Mumbai: The BSE benchmark Sensex jumped over 200 points and the NSE Nifty reclaimed the 11,400 level on Friday, tracking by gains in banking, auto and IT stocks amid unabated foreign fund inflow, strengthening rupee and positive global cues.

The 30-share index was trading 240.83 points, or 0.64 per cent, higher at 37,995.72, while the 50-share NSE Nifty climbed 74.90 points, or 0.66 per cent, to 11,418.15.

Mercedes drives in new AMG C43 Coupe

Mercedes drives in new AMG C43 Coupe

Pune: Mercedes-Benz, India’s biggest luxury car maker by sales on Thursday introduced the new Mercedes-AMG C43 Coupe, a performance car, to boost sales in Asia’s third biggest economy.

Priced at Rs 75 lakh at pan India showroom, the Mercedes-AMG C43 Coupe at present competes with its only rival the BMW M2 Competition costing Rs 79.90 lakh.

Prized ONGC asset sale nixed

Prized ONGC asset sale nixed

Top executives of Oil and Natural Gas Corporation (ONGC) and bureaucrats within the government have successfully thwarted an attempt by the Niti Aayog to privatise the country’s largest oil and gas producing fields, including those in the famed Bombay High and Vasai East.

Essar Steel lenders said to mull higher payout to Standard Chartered

Essar Steel lenders said to mull higher payout to Standard Chartered

Mumbai: Lenders to bankrupt Essar Steel Ltd are considering increasing a payout to Standard Chartered Plc to expedite the sale of the company to ArcelorMittal, according to people with knowledge of the matter.

The move by the lenders is part of an attempt to complete Essar Steel's sale by the end of March, the people said asking not to be named as the information is not public.

BoB-led consortium puts Rs 2,311 crore Garden Mills loan up for sale

BoB-led consortium puts Rs 2,311 crore Garden Mills loan up for sale

A consortium of lenders led by Bank of Baroda (BoB) has put on sale their exposure to Garden Silk Mills on a 100% cash basis, according to a bid document. As on February 21, the company owed Rs 2,311 crore to banks. All bank facilities of the textile manufacturer are in the default category.

“The highest bid may be further negotiated with the bidder. The lenders will have right for inter-se bidding/ Swiss challenge/ e-auction between the bidders,” the document said.

Winds of change: LIC loses out to private life insurers in first year premium growth

Winds of change: LIC loses out to private life insurers in first year premium growth

First-year premium of life insurance companies between April 2018 and February 2019 grew 7.6% to Rs 1.77 lakh crore against Rs 1.64 lakh crore during the corresponding period in the previous financial year.

Private players continued to grow faster at 22.31% compared to state-run Life Insurance Corporation of India (LIC) which posted a growth of only 1.39% during the period, showed data from the Insurance Regulatory and Development Authority of India (Irdai).

Stock call: Buy Larsen & Toubro Infotech with target price of Rs 1,905

Stock call: Buy Larsen & Toubro Infotech with target price of Rs 1,905

We had downgraded L&T Infotech (LTI) post Q3FY19 results (Limited catalysts for re-rating) given client-specific issues, peak margins and near full valuation. Stock is since down ~9%, which appropriately captures our concerns. NIFTY IT index is up 4% in comparison. We also see it less likely for any stake acquisition in Mindtree, if at all, to happen from LTI’s balance sheet. As a result, we upgrade the stock to ‘Buy’, with a revised target price of rS 1,905 based on 18x FY21E EPS.

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