Latest News
- MP tribals not to repay loans to moneylenders under new law
- Court takes note of SFIO charge-sheet against 287 in Bhushan Steel case
- Task force on direct taxes: Panel for review of tax brackets, surcharges
- Gaurav Gill’s Arjuna gives hope to motorsport fraternity
- New innings: Kumar Sangakkara set to become first non-British president of the MCC
- View: Govt's decision to alter J&K's status was driven by internal and external considerations
- Rajnath Singh to perform ground-breaking ceremony of Missile Test Range Centre in Andhra Pradesh
- 74 per cent of economists in survey see US recession by end of 2021
- Sugarcane, cotton, apple crops hit by late rainfall pan-India
Latest Business News
Refresh- Lanco Thermal Power gets financial claims worth Rs 24,000 crore
Among the 15-20 lenders to the company are Andhra Bank, ICICI Bank, Axis Bank, Canara Bank, and IDBI Bank.
- Aadhaar to ensure farmers, not middlemen, get benefits
Government to begin a pilot project in four districts of Odisha this kharif harvest.
- HRD's first batch of 46 ready for top academic roles
The ministry has trained and assessed 200-plus academics on leadership for appointment at higher educational institutes
- Aegis may shut more centres across country
Meanwhile, the government steps in to save its Srinagar unit from closure.
- MP tribals not to repay loans to moneylenders under new law
Criminal case to be filed against unlicensed moneylenders who intimidate tribals for money
- Court takes note of SFIO charge-sheet against 287 in Bhushan Steel case
The chargesheet cites fund diversion of Rs 45,818 crore, wrongful loss to banks and financial institutions of Rs 20,879 crore and wrongful gains by the company’s ex-promoters of Rs 3,500 crore.
- Bridging the gap: B-schools score high on gender diversity
Women student intake at SPJIMR, ISB and IIFT above 35%.
- H&M’s just eager to get on with business
Janne Einola, country manager at H&M India, said retailers require on an average 17 licences — and that could go up in many states — to open a store.
- Software firms want SEZ sops to stay, seek tax cut
Propose extension of Special Economic Zones benefits for 20 more years; cite lower tax in other nations.
- Tribunal dismisses appeals against Monnet Ispat Resolution plan
The Rs 2,875 crore resolution plan was offered by AION Investments and JSW Steel and the NCLT had approaved the proposal last year.
- FMCG sector to keep growing, but at a slower pace: Nestle India chief
The maker of Maggi noodles and Nescafe had delivered 10.5% volume growth in its second quarter ended June 30.
- Incentives needed to turn around motown fortunes: Maruti Suzuki's RC Bhargava
Maruti Suzuki chairman says pickup in monsoon has kindled hopes, asks banks to step up credit.
- Dealers catch a break as car companies cut production
The stock with passenger vehicles (PV) dealers averaged between 25 and 30 days’ equivalent at the end of July as per FADA.
- Amazon readies new spread to lure eateries away from Zomato, Swiggy
Proposes commissions as low as 6-7% to break exclusivity contracts with established players.
- Task force on direct taxes: Panel for review of tax brackets, surcharges
Moots startup-friendly and less-complicated regime for businesses, revamp of I-T Act.
- Balesh Sharma resigns as CEO of Vodafone Idea
Telco appoints Ravinder Takkar as new CEO & MD for three years.
- This summer wasn’t quite the Jet-Set-Go season
General slowdown, higher air fares after Jet’s grounding, and a decline in domestic business travel are hurting hotels and travel operators.
- SC stays appellate tribunal’s order in RCom OTSC Case
The order may have wider ramifications for the broader industry and implies that Reliance Communications may have to provide 2,000 cr.
- Trai in talks to reduce international roaming charges
Mobile phone bills while on international roaming may head south soon, if the Telecom Regulatory Authority of India (Trai) has its way.
- Indian Oil Corporation to invest Rs 25,000 cr in green energy
Rising environmental concerns are increasingly swaying government energy policies across the globe, prompting energy companies to invest in greener options.
- Gaurav Gill’s Arjuna gives hope to motorsport fraternity
The FMSCI itself only regained recognition as a national sports federation in 2015, two years after India held its last Formula One race at Greater Noida’s Buddh International Circuit.
- New innings: Kumar Sangakkara set to become first non-British president of the MCC
Kumar Sangakkara will well understand the importance of marrying cricket and education as he himself studied to be a lawyer while pursuing the game.
- UP government increases VAT on petrol, diesel
Value Added Tax (VAT) on petrol has been increased to 26.80 per cent and on diesel 17.48 per cent, the order said.
- Restaurant bodies to meet food aggregators
The Federation of Hotel & Restaurant Associations of India said it has asked aggregators to engage in a fruitful dialogue at the earliest to arrive at a win-win outcome for all.
- Not all gloom 'n' doom: Is the job scene in India bad?
In 2017-18, the number of unemployed have more than doubled from 10.8 million in 2011-12 to 28.5 million.
- View: Govt's decision to alter J&K's status was driven by internal and external considerations
India’s ambiguity over Kashmir suited China, which has protested conversion of both Ladakh and J&K into UTs.
- Rajnath Singh to perform ground-breaking ceremony of Missile Test Range Centre in Andhra Pradesh
DRDO had proposed setting up of the Missile Test Range Centre. The project requires investment of Rs 1,000 crore.
- No-shows by candidates up even in tough job market
No-shows are no longer restricted to the boom times.
- 74 per cent of economists in survey see US recession by end of 2021
In February, 77% of the economists expected a recession either this year, next year or in 2021.
- Sugarcane, cotton, apple crops hit by late rainfall pan-India
Damage yet to be assessed but economists feel rain may have positive overall impact.
- Agricultural, rural labour CPI base year to be revised to 2019-20
The new index will take into account significant change in the consumption basket over the past three decades.
- Hours after RBI call, Axis Bank says linking loans to repo rate is not the only way for faster transmission
It can be noted that till the last rate cut of 0.35 percent, the banks have passed out only 0.29 percent of the 0.75 percent in rate cuts initiated by the RBI to the final borrowers.
- Trump calls on Federal Reserve to cut interest rates
In two tweets Monday, Trump kept up his pressure on the Fed and its chairman Jerome Powell, saying the U.S. economy was strong "despite the horrendous lack of vision by Jay Powell and the Fed."
- FM Nirmala Sitharaman rejects demand for rollback of customs duty on newsprint
The intention of the government was to make sure that Indian manufacturers of newsprint are promoted as they were suffering due to cheaper import.
- Donald Trump seeks to sue Google for 'manipulating votes' in 2016 elections
"My victory was even bigger than thought!" he said. Google was not immediately available for a comment.
- Rice-wheat at new high, Food grains output falls short of target
The shortfall is majorly due to decline in the production of pulses due to prevailing drought like conditions in pulses growing regions of Maharashtra, Gujarat and Karnataka during the last Kharif season.
- Lanco Thermal Power receive a claim of Rs 24,000 crore
Among the 15-20 lenders to the company are Andhra Bank, ICICI Bank, Axis Bank, Canara Bank, and IDBI Bank, sources said.
- Army was ready for conventional war with Pakistan in run up to Balakot strikes: Sources
The Indian Army was prepared for a conventional warfare with Pakistan which would have included going inside Pakistan, the sources told .
- Shareholder value is no longer everything, say top CEOs
Now, companies must also invest in employees, deliver value to customers and deal fairly and ethically with suppliers.
- Bankers doubt meeting $5-trn GDP target, say credit demand should double in five years
The country's largest lender SBI has said it expects credit growth to slow down to below 14 percent in FY20 due to subdued demand.
Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service
