Tamara group plans Rs 300 crore investment in Kerala
The group with properties in Kodaikanal, Coorg and Bengaluru, will set up hotels in Alappuzha, Guruvayoor and Kannur. Shruti Shibulal, CEO and director of Tamara Leisure Experiences Pvt. Ltd. said the decision to initiate operations in Kerala was guided by the state’s considerable progress in tourism and IT sectors. The group aspires to hit 1000 rooms by 2025.
IT services to touch $14.2 billion by 2020: International Data Corporation
India IT and business services market may grow 6.9% annually to $13.3 billion by Dec this year: IDC
Where companies are under huge debt pressure you tend to see white collar crime: Samir Paranjpe, Grant Thornton
"I think it’s very clear that both small and large companies are equally impacted today. So we are seeing extreme cases where very large companies are being affected by fraud and companies with turnovers of as little as 300 million rupees are also being impacted," he said.
Wipro acquires South African personal care company
Durban-based Canway Corporation is a USD 21 million personal care company which markets mass brands such as Oh So Heavenly, Iwori and IQ with a category portfolio including bath and shower, hand cream, body spray and kids products.
F&O: Nifty trading range shifts to 11,900-12,300, but optimism on
In Dec monthly options, maximum Put open interest was at 12,000 followed by 11,500 levels.
Sterlite Power acquires Lakadia-Vadodara Transmission Project from PFC Consulting
Earlier, the project was won by Sterlite Power. Now the special purpose vehicle incorporated for the execution of the project by PFC Consulting, has been formally acquired by Sterlite Power, a company statement said. Power Finance Corporation arm PFC Consulting is the nodal agency for auctioning power transmission projects in the country.
ET Awards: Remember, we start up, start more, start again, says Deloitte's N Venkatram
The focus of the evening, that saw presence of the biggest industrialists, CEOs, entrepreneurs and politicians of the country, was how to steer the economy for the future.
First personal insolvency petition filed in Amaravati
Omkaram Venkata Ramana, who had stood personal guarantor to five firms that defaulted on Rs 38.66 crore of bank loans, filed the petition to initiate personal insolvency resolution process, which his counsel said would entitle him to an interim moratorium on all his liabilities.
Goldman Sachs projects Nifty to touch 13,000 by end of 2020
This translates to a 8.5 per cent rise from the current level of 11,975 for Nifty.
Tax rate cut aimed at attracting investments: Finance Minister
Nirmala Sitharaman said the move will help attract investment from multinationals looking to shift operations from China in view of its trade war with the US. The finance minister also ruled out lowering tax rate for limited liability partnerships or partnership firms, saying their structure was different from a corporate vehicle.
Cabinet may soon take up first corporate bond ETF
The ETF will have bonds of some central public sector units as underlying.
Education received major chunk of CSR spend by corporates: Government
The CSR activities taken up by the companies relate to various sectors including education, healthcare, sanitation, environmental sustainability, poverty alleviation and skill development.
What ails state-run bus operators in India?
The crisis in Telangana is a reflection of the precarious position of state-run bus operators in India, which have seen their losses swell every passing year. This is particularly worrying since buses undergird India’s public transport system, and cash-starved state governments and municipal corporations have done little to shore up the transport corps.
Cut in corporate tax rate was needed to spur investments, boost growth: CEA Subramanian
For us (India) to achieve the goal of USD 5 trillion economy by 2024-25, and USD 10 trillion by 2030, we need to press the paddle on structural reforms, Chief Economic Adviser K V Subramanian said and explained the host of measures that the government has taken in recent times.
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