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-
Tata Steel posts highest profit in 9 years in Q2
The earnings were a result of the company sharpening its focus on the Indian market where demand for the metal was robust because of strong activity in the infrastructure space even as it looks to scale down its exposure to the European market. Tata Steel’s India deliveries accounted for 58% of its total deliveries. -
Most life insurance plaints pertain to mis-selling
According to the annual report of the Executive Council of Insurers (ECOI), which facilitates the institution of Insurance Ombudsman in India, mis-selling is done by forging the proposer’s signature on forms or by selling long-term plans even though the proposer does not have the capacity to maintain the policy beyond the initial payment. -
RBI’S February circular: Promoters of defaulting power cos jittery as SC hearing starts Wednesday
The SC on September 11 asked the RBI, banks and others to desist from invoking insolvency proceedings under the IBC against corporate defaulters as per the banking regulator’s mandate till its final orders. -
Telcos to be audited over revenue filing?
The government, which gains revenues from the sector as a percentage of their adjusted gross revenues (AGR), feels that not all may be well when it comes to reporting of financial figures by the top telecom companies. Those under the scanner, as per sources, include Bharti Airtel, Vodafone and Idea Cellular, Tata Tele, and new entrant Reliance Jio. -
Government orders telcos’ audit, suspects under-reporting of revenues
The government, which gains revenues from the sector as a percentage of their adjusted gross revenues (AGR), feels that not all may be well when it comes to reporting of financial figures by the top telecom companies. Those under the scanner, as per sources, include Bharti Airtel, Vodafone and Idea Cellular, Tata Tele, and new entrant Reliance Jio. -
Over 2 lakh beneficiaries avail Rs 300-crore benefits under PM-JAY
Going by the initial trend, the average hospitalisation cost per person works out to be around Rs 15,000, higher than Rs 10,000 estimated by the NITI Aayog. -
CCI cotton procurement yet to pick up as prices above MSP
Cotton Corporation of India (CCI) has started procurement of cotton at Minimum Support Price (MSP) from farmers in Warangal district and Mehboob Nagar of Telangana. -
Zee promoters ready to sell half of their 42% stake
Among the names that are already doing the rounds as potential buyers are Mukesh Ambani's Reliance Industries, which is on the hunt for content to feed Jio, US cable giant Comcast, Alibaba, Apple and Google. -
Pomegranate exports likely to run into EU roadblock
With a bumper pomegranate season in full swing, around 85,000 tonne is expected to be exported during 2018-19 season. -
China-backed Asia trade deal pushed back to 2019
Asian nations gave up hopes of completing a 16-nation trade bloc this year, with Chinese and Australian officials now looking to finalise the deal in 2019. -
RBI to inject Rs 12,000 crore liquidity on Nov 15
"Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the following government securities under Open Market Operations for an aggregate amount of Rs 120 billion on November 15, 2018 (Thursday)...," RBI said in a statement. -
'Stunned by allegations', says Flipkart co-founder Binny Bansal in email to employees
Binny will continue to be a large shareholder in Flipkart, which was acquired by Walmart in May 2018. -
India, European Union agree to deepen cooperation to deal with terrorism
India and European Union have vowed to step up cooperation in effectively dealing with terrorism, extremism and radicalisation. -
Flipkart CEO Binny Bansal resigns after misconduct probe
Flipkart CEO Binny Bansal resigns after misconduct probe -
Cyberattacks, volatile weather top risks for India Inc, says Marsh-RIMS study
A little over a third (37 percent) respondents believed cyber-attacks are highly prevalent now -
Allahabad Bank Q2 loss at Rs 1,823 cr on high NPA provisioning
The bank had posted a net profit of Rs 70.20 crore in the July-September quarter of 2017-18. -
IHH acquires controlling 31.1% stake in Fortis for Rs 4,000 crore
The allotment has been done at Rs 170 per share. -
Nokia veteran Ashish Chowdhary appointed Apple India head
Apple India is currently under Michel Coulomb who took over from Sanjay Kaul in December last year. -
Rupee recovers 22 paise to close at 72.67 against dollar on easing crude prices
Positive macro data which showed retail inflation dropping to a 13-month low in October also bolstered the market sentiment. -
Binny Bansal resigns from Flipkart: A Timeline of events
Walmart acquired Flipkart in May this year. -
Securitisation volumes rise to Rs 18,000 crore in October: Report
In the first half of the current fiscal, the securitisation volumes were around Rs 66,300 crore, while it was around Rs 83,800 crore for the entire FY18. -
Flipkart Group CEO Binny Bansal resigns with immediate effect
Walmart had acquired 77 percent of Flipkart for $16 billion in May. -
Flipkart group CEO Binny Bansal resigns due to allegations of personal misconduct
Binny Bansal has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated. -
Flipkart group CEO Binny Bansal resigns
Binny Bansal has been contemplating a transition for some time and we have been working together on a succession plan, which has now been accelerated. -
China-backed trade deal pushed back to 2019
A China-backed bid to complete the world's largest trade deal - without the United States - was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit. -
'There is interest in our strong brand,' Jet CEO tells workers
Naresh Goyal-founded airline is looking a number of changes that were spelt out in a mail to employees by airline CEO Vinay Dube on Tuesday, a day after Jet reported almost Rs 1,300 crore loss this Q2. The embattled airline’s CEO told employees that the cost-cutting and revenue-enhance moves are showing results. The airline is yet to pay half of Sept and entire Oct salaries. -
Air India removes Kathpalia as operations director
The Directorate General of Civil Aviation (DGCA) had on Monday suspended his flying licence for three year. Kathpalia had failed alcohol test before operating a Delhi-London flight on Sunday. -
Air India removes Arvind Kathpalia as operations director
The Directorate General of Civil Aviation (DGCA) had on Monday suspended his flying licence for three year. Kathpalia had failed alcohol test before operating a Delhi-London flight on Sunday. -
India#39;s fuel demand rose 4% in October
Consumption of fuel, a proxy for oil demand, totalled 17.99 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed. -
Reliance Foundation partners with Centa to promote teaching, announces Reliance Foundation Teacher Awards
1000 winners of this national competition can now look forward to Reliance Foundation Teacher Awards. -
India’s bankruptcy law: Lenders, take note! This act helps only vigilant creditors, not sleeping ones
The conundrum of whether the Limitation Act, 1963 (Act) applies to the proceedings initiated under the Insolvency and Bankruptcy Code, 2016 (Code) has confused the stakeholders since the inception of the latter. Here's what it really means under IBC regime. -
Sensex ends over 330 points higher; Nifty reclaims 10,500
Market recovery was led by positive global cues along with an ease in global crude oil prices. -
PM Modi to launch APIX, a banking technology for 2 billion people without bank accounts
APIX will support banks to reach out to those without bank accounts in 23 countries. -
Sensex ends 331 points up to reclaim 35,000-mark
On the BSE index, NTPC, ICICI Bank, Axis Bank, Reliance Industries and HDFC were among the top performers, up as much as 2.78 per cent. On NSE, sub-indices Nifty Pvt Bank and Finacial Service outperformed, rising as much as 1.16 per cent. -
Jammu and Kashmir admin sets June, 2019, deadline for completion of first phase of digitisation of land records
Jammu and Kashmir Governor Satya Pal Malik has set a fresh deadline of June next year for the completion of the first phase of Digital India Land Records Modernisation Programme (DILRMP) which was started three years ago. -
Deputy Speaker Michael Lobo opposes ban on fish import in Goa
The state government had last Saturday announced a ban on import of fish into the state for six months, against the backdrop of a scare that formalin, a potential cancer-causing chemical, was being used to preserve fish. -
This Indian city is best to live in, and Delhi, Mumbai, Bengaluru are not even in top 10
The safest city is Dehradun, which ranks third, according to the combined survey conducted by Jagaran.com, KPMG and Facebook. -
RBI may keep repo rate unchanged in rest of FY19: Report
The consumer price index (CPI)-based inflation fell to a one-year low of 3.31 percent in October 2018, from 3.7 percent in September 2018 and 3.58 percent in October 2017. -
Government mulls second round of 2,500 MW medium-term PPA auction
Power sector is facing stress due to coal shortage and other issues. Many power projects are starving for coal in the absence of PPAs. The government#39;s scheme to auction 2,500 MW medium-term PPAs evoked good response and PPAs for 1,900 MW capacities were signed under the scheme last month. -
Why Mahindra thinks Gadkari is India's 'Ethan Hunt'
Anand Mahindra referred Nitin Gadkari as India's 'Ethan Hunt'
of Mission Impossible. "India's Ethan Hunt is Gadkari. Years ago, a small
recording device must have appeared & told him: "Your mission, should
you choose to accept it, is to transform India’s infrastructural
landscape" Since then, he’s overcome every obstacle in his mission’s
way." -
Why Anand Mahindra thinks Nitin Gadkari is India's 'Ethan Hunt'
Anand Mahindra referred Nitin Gadkari as India's 'Ethan Hunt'
of Mission Impossible. "India's Ethan Hunt is Gadkari. Years ago, a small
recording device must have appeared & told him: "Your mission, should
you choose to accept it, is to transform India’s infrastructural
landscape" Since then, he’s overcome every obstacle in his mission’s
way." -
Indian palm oil imports unlikely to rise despite fall in prices
The South Asian country is the world#39;s biggest importer of palm oil and is a key factor in international benchmark prices, which have fallen nearly a fifth so far in 2018. -
Making online user ID on IRCTC to soon become tougher
Ticketing agents make thousands of fake User IDs for booking e-tickets on IRCTC website. -
Number of Indians studying in US up by 5.4% in 2018 to 196,271
Speaking at the US-Indian Educational Foundation (USIEF), minister counsellor for consular affairs Joseph Pomper said, "Looking at the past 10 years of data, the number of Indians going to the United States has doubled. The reasons are clear: Indian students are looking for a great education and the United States continues to offer this." -
No. of Indians studying in US up by 5.4% in 2018
Speaking at the US-Indian Educational Foundation (USIEF), minister counsellor for consular affairs Joseph Pomper said, "Looking at the past 10 years of data, the number of Indians going to the United States has doubled. The reasons are clear: Indian students are looking for a great education and the United States continues to offer this." -
Nalco H1 operating profit goes up by four-fold
The operating profit of 2nd quarter of FY18-19 has increased by 229 percent at Rs735 crore, as against Rs 223 crore in the 2nd quarter of FY17-18. -
NITI Aayog seeks more time to analyse GDP back series data; may release it by December-end
With the change in the base year, the GDP growth for the financial year 2013-14 was estimated at 6.9% as compared with 4.7% on the 2004-05 base year. Similarly, the growth rate for 2012-13 was also revised from 4.5% to 5.1%. -
17 lakh Indian children to die due to pneumonia by 2030; here’s how it can be averted
The study conducted by UK-based NGO 'Save The Children' showed that India will also be among the top four countries in the world to bear the highest pneumonia deaths by 2030. -
Amazon picks NYC and Northern Virginia for its split HQ2: Source
The decision would bring to an end a more-than-year-long contest that started with 238 candidates and ended with a surprise split of its "HQ2". -
Modi’s village electrification is among world’s biggest successes this year, says this report
Since 2000, more than 900 million people have gained access to electricity in developing countries in Asia continent with 91% of the region getting electrified by 2017 compared with 67% in 2000. Of this, about 61% of this progress has happened in India only.
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