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-
Starbucks brings in gender pay parity in India
Tata Starbucks has brought pay parity between men and women across verticals in its workforce—perhaps the first company in India’s food and beverage sector to do so. Women comprise 29% of Tata Starbucks’ employee strength. Tata Starbucks head (marketing) Deepa Krishnan said that its employees are gauged solely on experience and skills, and not gender. -
Snapdeal in talks for $100m at valuation of $800m-1.2bn
Snapdeal is in talks to raise about $100 million from new and existing investors, including Japan’s SoftBank, in what will be its first major fresh capital-raise in over three years, said two sources briefed on the matter. -
Snapdeal in talks for $100 million at valuation of $800 million-1.2 billion
Snapdeal is in talks to raise about $100 million from new and existing investors, including Japan’s SoftBank, in what will be its first major fresh capital-raise in over three years, said two sources briefed on the matter. -
Print can drive responsible disposal of e-waste
Times Power of Print is a unique initiative by the Times Group, the publisher of this newspaper, to invite creative teams across agencies to build an impactful print campaign from a real brief to make it work for a company or brand. The objective of the campaign will be ‘Consciously identify items of e-waste lying around in homes and flush them out’. -
Two PMC Bank auditors held for flouting norms
The city Economic Offences Wing (EOW), probing the Punjab and Maharashtra Cooperative Bank’s Rs 6,500- crore loan fraud, arrested two auditors of the bank on Monday for negligence and flouting norms in the audit process. -
Car, SUV sales snap 11 months of declines
Sales of passenger vehicles, a mix of cars, SUVs and vans, stood at 2.85 lakh against 2.84 lakh units sold in the same month last year. While Siam brings out wholesale numbers that the companies dispatch to dealers, company officials say that healthy retail sales in the month (customer purchases) led to lowering of inventory levels. -
More than half of 1.5L BSNL staff may take VRS
BSNL CMD Pravin Kumar Purwar said around 70,000 workers have already accepted the VRS, and he expects more to opt in before the closing date of December 3. “We have given a handsome VRS package and are confident that our target of 80,000 people opting for VRS will be met,” Purwar told TOI. VRS acceptance at BSNL has exceeded government’s initial estimate of 58,000 employees. -
70,000 BSNL staff opts for VRS, company hopes to save Rs 7,000 crore a year
BSNL CMD Pravin Kumar Purwar said around 70,000 workers have already accepted the VRS, and he expects more to opt in before the closing date of December 3. “We have given a handsome VRS package and are confident that our target of 80,000 people opting for VRS will be met,” Purwar told TOI. VRS acceptance at BSNL has exceeded government’s initial estimate of 58,000 employees. -
Industrial output contracts 4.3%, its worst fall in 8yrs
Data released by the NSO on Monday showed the index of industrial production contracted 4.3% in September, the 2nd successive month of decline after the fall of 1.4% in August & lower than the 4.6% expansion posted in the year earlier period. Between April and September, the sector grew an annual 1.3% compared with a 5.2% expansion in the year earlier period. -
Industrial output contracts 4.3%, its worst fall in 8 years
Data released by the NSO on Monday showed the index of industrial production contracted 4.3% in September, the 2nd successive month of decline after the fall of 1.4% in August & lower than the 4.6% expansion posted in the year earlier period. Between April and September, the sector grew an annual 1.3% compared with a 5.2% expansion in the year earlier period. -
Draft rules to keep e-discounts by under check
The consumer affairs ministry on Monday come out with a set of draft rules that will bring deep discounts, one of the biggest driving forces of the e-commerce business, under scrutiny. -
Draft rules issued to bring deep discounts by e-tailers under government scrutiny
The consumer affairs ministry on Monday come out with a set of draft rules that will bring deep discounts, one of the biggest driving forces of the e-commerce business, under scrutiny. -
Coal India Q2 net profit up 14% to Rs 3,522 crore
State-run Coal India on Monday reported a 14 per cent rise in consolidated net profit at Rs 3,522.7 crore for the quarter ended September. The company's net profit stood at Rs 3,084.54 crore in the year-ago period, it said in a regulatory filing. -
Govt may extend anti-dumping duty on imports of Chinese chemical
Countries carry out anti-dumping probe to determine whether their domestic industries have been hurt because of a surge in cheap imports. -
Gold price rises as concerns over trade deal, economic slowdown linger
Gold prices rose on Monday, after touching a three-month low in the previous session, on lingering concerns over the U.S.-China trade deal and the prospect of a slowing global economy. -
Odisha calls for investment in petrochemicals manufacturing hubs
"We have six focus sectors, including electronics manufacturing, petroleum, chemicals and petrochemicals, textiles, tourism and downstream to metal and food processing. We want to scale up the investments and make the state the petrochemicals hub," he added. -
Sabka Vishwas Scheme gaining traction; over Rs 5,000 cr dues declared so far
A mid-term review reveals that a total amount of Rs 5,472 crore inclusive of pre-deposit amount of Rs 4,225 crore has already been declared under the scheme, sources said. Efforts are being made to maximise declarations by December 31, 2019 when the scheme ends. -
Exclusive: Latest GST circular puts an end to confusion over new input tax credit rules
CBIC's latest GST circular clears air over several key issues such as how to calculate 20% amount over and above the eligible amount of ITC, cut-off dates and where the new rule will not be applicable. -
MMTC floats tenders for import of 4,000 tonnes of onion
While trading firm MMTC will import onions, cooperative Nafed will supply the key kitchen item in the domestic market. The decision was taken at a meeting of committee of secretaries held on Saturday. -
Industrial Production for September 2019 contracts 4.3%: Govt data
Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 for the month of September 2019 stands at 123.3, which is 4.3 per cent lower as compared to the level in the month of September 2018, said a government statement. The cumulative growth for the period April-September 2019 over the corresponding period of the previous year stands at 1.3 percent. -
After India, Moody’s now cuts global sovereign rating outlook
The increasingly antagonistic environment was also likely to damage global and national institutions, which together with lower growth, raises the probability of crises but reduces the capacity to deal with them. -
Slowdown pain deepens as industrial output dives; good days remain elusive for Indian economy
There seems to be no respite in sight for the Indian economy from an ongoing slowdown, which now appears to be deepening with the passage of every month. -
Dharmendra Pradhan woos foreign firms to invest in India’s oil & gas sector
India is expanding oil refining capacity to produce more fuel and petrochemicals as also investing in pipelines and terminals to increase the share of natural gas in the energy mix. -
UK economy avoids recession with 0.3% quarterly growth
And despite rebounding growth, the ONS pointed to "signs" of a slowdown, as Britain readies to leave the European Union on January 31. -
Industrial production contracts by 4.3% in September
Industrial production contracted 4.3 per cent in September, mainly due to poor performance in the manufacturing sector, according to official data released on Monday. -
MC Special podcast | Market is back in form, but here#39;s why investors shouldn#39;t celebrate yet
Group Consulting Editor of Moneycontrol Manas Chakravarty reveals why policies of central banks of developing economies are creating imbalances in the global economy and exacerbating risks. -
Final decision on revising GDP base year to be taken within 2-3 months: Chief Statistician Pravin Srivastava
Speaking on the theme-Sustainable Development Goals-of the conference, Srivastava said, India has been "a party to the decision for adopting the SDGs" globally and the central government has adopted it. -
Industrial production contracts 4.3% in September
Factory output, as measured in terms of Index of Industrial Production (IIP), had expanded 4.6 percent in September 2018. -
Auto sales decline by 12.7% in October; marginal gain for PV segment: SIAM data
Despite the festive season uptick in sales, domestic vehicle sales across all categories have declined by 12.76 per cent in October to 21.76 lakh units compared to 24.94 lakh units in the year-ago period, according to the latest data released by the Society of Indian Automobile Manufacturers (SIAM) on Monday. -
Slide deepens: IIP growth for September contracts 4.3%
Industrial output, or factory output, is the closest approximation for measuring economic activity in the country#39;s business landscape. -
Slide continues: IIP growth for September contracts 4.3%
Industrial output, or factory output, is the closest approximation for measuring economic activity in the country#39;s business landscape. -
India will become $10 trillion economy within 10 to 15 years: Rajnath Singh
Speaking at the inaugural session of #39;Def Connect 2019#39; organised by the Ministry of Defence to showcase the accomplishments of the Innovations for Defence Excellence (iDEX) initiative here, Singh said he was filled with a sense of pride looking at the startups today and stressed that passionate incubation is needed for them. -
Bengal govt owes Rs 46cr to BSNL, CM#39;s intervention sought: Official
With its inability to recover dues, the cash-starved telecom company has not been able to meet its own payment obligations, BSNL (Bengal Circle) CGM Ramakant Sharma said on Monday. -
Negative outlook for automotive dealership segment: ICRA
The on-going downturn in the automotive industry has severely impacted the profitability of automobile dealerships which is expected to be at a five year low, Icra said in a statement. -
Dharmendra Pradhan woos foreign firms to invest in India#39;s oil gas sector
Oil Minister Dharmendra Pradhan, who is on a two-day visit to the United Arab Emirates, showcased investment opportunities, promising political and fiscal stability, predictable policies and a huge diverse market. -
Andhra Pradesh govt revives petrochemical project
Two big-ticket projects have been lined up as anchors for the PCPIR in Kakinada with an aggregate investment of over USD 15.72 billion. -
Final decision on revising GDP base year to be taken within 2-3 months: Chief Statistician
Srivastava#39;s statement came a day after the Congress criticised the BJP-led central government#39;s plan to revise the base year from the current 2011-12 to 2017-18 for calculating the GDP growth. -
PE/VC investments remain flat at $3.31 bn in October: Report
The country had recorded 98 deals which had seen investments of USD 3.744 billion by private equity and venture capital funds in September, and USD 3.336 billion in 64 deals in October 2018, data from EY, a transaction consultancy, said. -
Manmohan Singh nominated to parliamentary standing committee on finance
Digvijaya Singh has now been nominated to the parliamentary standing committee on urban development by the chairman of the Upper House, according to a Rajya Sabha bulletin. -
Chemicals industry can nearly double to over $300b by FY25: Minister
The chemicals and fertilisers sector, which currently contributes nearly 7.76 percent of manufacturing now, has the potential to reach 20-25 percent in the next five years and can nearly double to USD 304 billion, he said. -
Sensex today closes in green, Nifty above 11,900; YES Bank, ICICI Bank, Tata Motors top gainers
Among the top gainers were YES Bank, ICICI Bank and Tata Motors while Hero MotoCorp, Vedanta and Nestle India dragged the most. -
IRCTC's special Govindam package for visit to temple town of Tirumala
The package will cost Rs 4020 per person in double sharing, and this will also facilitate confirmed darshan of Lord Balaji, confirmed ticket, accommodation, food, guide, AC road transporation to Tirumala and Tiruchanuru. -
Power demand falls at fastest pace in 12 years
India’s power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in over 12 years, government data showed, reflecting a deepening growth slowdown in Asia’s third-largest economy. -
India's electricity demand falls at fastest pace in at least 12 years
India’s power demand fell 13.2% in October from a year ago, posting its steepest monthly decline in over 12 years, government data showed, reflecting a deepening growth slowdown in Asia’s third-largest economy. -
Commerce ministry asks to identify products whose import can be reduced
The commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said. -
RCEP pull-out: Why Arvind Panagariya feels India should join back world’s largest free trade agreement
After the government announced the decision to pull out of RCEP, commonly referred to as the world's largest free trade agreement, Arvind Panagariya, Former VC, NITI Aayog said that India should look to get back into the group. -
Identify products whose import can be reduced: Commerce Ministry
The commerce ministry has held a series of meetings on the issue over the last several months and has asked all ministries to work on this, the official said. -
India#39;s electricity demand falls at fastest pace in at least 12 years
The South Asian country needs electricity to fuel its expanding economy but a third decline in power consumption in as many months points to tapering industrial activity in the nation that aims to become a $5 trillion economy by 2024. -
Govt gives 3 months more till December for export of last year#39;s balance sugar quota
Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (October-September) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme. -
Challenges have made insolvency law stronger, says IBBI chief MS Sahoo
Sahoo said the impact of the code should not be seen just in terms of things under it, but also "on account as well as shadow" of the law.
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