Business Blogs News - Page 7
New law to protect foreign investors to exclude tax demands; move to upgrade investment climate: Report
The bill also attempts to upgrade the investment climate and boost foreign investment by setting up new adjudicating authorities to swiftly resolve disputes.
RBI Board may discuss interim dividend in next meeting; govt finances under pressure with moderate revenue collection
If the RBI board agrees to interim dividends based on their six-month performance, it would provide some financial relief to the government,
Tata Consultancy Services share falls over 2% after muted growth in net profit in Q3
Tata Consultancy Services, the country's largest software services major, after market hours on Friday, reported a muted 0.2 percent growth in consolidated net profit at Rs 8,118 crore for the third quarter ended December 2019
Sensex, Nifty slip into red after touching record levels in opening trade; Reliance Industries, TCS, HDFC among major losers
The Sensex dropped 118.74 or 0.28 percent at 41,826.63. The Nifty was down 33.05 points or 0.27 percent at 12310.30. HCL Tech, TCS, Reliance were among major losers.
Air India trade unions to demand VRS package in second meeting with Hardeep Singh Puri today
Air India's net loss in 2018-19 was around Rs 8,556 crore. Moreover, its per day losses are estimated to be in the range of Rs 20-26 crore, along with a debt of around Rs 80,000 crore
J&K a 'jewel' of country, govt will soon come out with industrial package for Union Territory: Piyush Goyal
After J&K came under Governor's rule in June 2018, the development work gained speed and with the bifurcation of the erstwhile state into UTs, many central laws which were not applicable and depriving the people of their rights came into force
Amazon CEO Jeff Bezos seeks to keep controversies at bay; focusses on e-commerce giant's investment, job creation in India in letter
In a letter, Bezos reiterated the e-commerce giant's investment and commitment to job creation in India
Vodafone Idea's ability to compete in Indian market may weaken; to provide opportunity for Airtel, Jio: Moody's
Vodafone Idea, which has to pay Rs 53,038 crore, said it is also "exploring further options, including filing of a curative petition"
Sensex regains 42,000-mark after choppy start; Reliance Industries up 2% ahead of Q2 results, bank stocks slip into red
Sensex and Nifty regained after started off on a tepid note on Friday ahead of quarterly results of index heavyweights Reliance Industries, TCS and HCL Tech
Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue
Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges
UN lowers India growth forecast to 5.7% for FY20; expects momentum to pick up in 2020
The Gross Domestic Product (GDP) growth in India and few other large emerging countries may gain some momentum this year after the global economy recorded its lowest growth of 2.3 percent in 2019 due to prolonged trade disputes, a UN study said
JSW Group firm Forma shuts operations within one year of launch; 'business not viable': Report
Forma hoped to become one of the top five readymade furniture brands in India
Honda portrays grim outlook of revival in auto sector in near future; not hopeful of GST cuts for industry
Senior Vice President for Sales and Marketing Y S Guleria said it is difficult to specify in which month or quarter the auto sector revival will happen
BSE to introduce future contracts on brent crude from 27 January instead of 1 February; may launch liquidity enhancement scheme
In a circular, the BSE said, the Exchange shall introduce futures contracts on Brent crude oil in commodity derivatives segment with effect from 27 January 2020."
Amazon fund infusion: E-commerce major pumps in over Rs 1,715 cr into India units ahead of CEO Jeff Bezos' visit
Amazon has committed $5.5 billion in India investments, while Walmart in 2018 pumped in $16 billion to buy a majority stake in Flipkart, its biggest deal
Reliance Jio, UVARC emerge highest bidders for RCom assets; lenders expect to recover Rs 25,000 cr
Reliance Jio has placed Rs 4,700-crore bids for mobile tower and fibre assets of Reliance Infratel Ltd (RITL), a subsidiary of RCom
WPI rises to 7-month high at 2.59% in December from 0.58% in November on hike in onion, potato prices
Among food articles, vegetable prices surged by 69.69 percent mainly on account of onion, which witnessed 455.83 percent jump in prices, followed by potato at 44.97 percent.
CPI inflation at over 5-year high: RBI likely to be cautious before next rate cut; has a tough task ahead to balance growth, rising prices
With retail inflation for December at 7.35 percent, the central bank will be in a cautious mode before considering further rate cuts in policy despite a slowing economy
Siemens to support Australian coal project despite protests; teen climate activist Greta Thunberg asks German firm to review its role
Siemens was awarded a contract last year to provide signaling technology for a railway line to transport coal from a remote coal mine run by India’s Adani Group in northern Queensland state
ICICI Bank approaches Bombay High Court; seeks clawback of bonuses given to former MD, CEO Chanda Kochhar
A clawback is a provision in which incentive-based pay, like a bonus, is taken back from an employee by an employer following misconduct or declining profits
Sensex, Nifty open on volatile note tracking losses in banking stocks; weak inflation weigh in on domestic investor sentiment
HDFC twins, ICICI Bank, HUL, L&T, Ultratech Cement and ONGC were among the top losers in the Sensex pack, shedding up to 0.63 percent
Supreme Court asks ED to attach Indian properties of JP Morgan for violation of FEMA, FDI norms
On 23 July last year, the Supreme Court had cracked its whip on errant builders for breaching the trust of homebuyers, ordered cancellation of Amrapali Group’s registration under real estate law RERA and ousted it from its prime properties in the NCR by nixing the land leases.
SEBI defers deadline by two years to split roles of chairman, MD on demand from corporates, economic slowdown
Industry body FICCI has welcomed SEBI's decision to extend its deadline for splitting Chairman and MD posts by two years to April 2022.
High inflation an 'unwanted complication' in slowing economy, say analysts; warn of stagflation
India’s retail inflation accelerated to 7.35 percent in December due to high food prices, government data showed on Monday
Infosys clarifies on media reports on fresh whistleblower complaint; says refers to same charges made last month
In October, Infosys had informed the stock exchanges of having received anonymous whistleblowers' complaints alleging certain unethical practices by the top management.
Setback for Cyrus Mistry: Supreme Court stays NCLAT order restoring Pallonji Group scion as executive chairman of Tata Group
Tata Sons counsel Aryaman Sundaram said the group did not Mistry to be reinstated as the chairman of the group.
Sterlite Technologies subsidiary to acquire 12.8% stake in Israel-based ASOCS
Sterlite Global Venture (Mauritius) Ltd, a wholly-owned subsidiary of STL, has entered into definitive agreements to acquire 12.8 percent stake (on issued and outstanding basis) in ASOCS, a vRAN (virtual Radio Access Networks) technology company based out of Israel
Murugappa Group family rift: Eldest daughter of late founder threatens to take legal recourse if amicable settlement not reached soon
Arunachalam, her sister Vellachi Murugappan and their mother MV Valli Murugappan together hold 8.15 percent stake in the holding entity that controls 28 registered entities and 10 listed companies
Relief for Gautam Thapar: NCLT terms Vaish report on CG Power as 'bogus', says it will rely on independent or govt agency report
CG Power's board sacked Thapar after Vaish Associates' audit report, which itself is based on as many as 23 disclaimers, claimed that Thapar swindled Rs 3,000 crore from CG Power