FE Bureau

Articles By FE Bureau

21751 Articles

CRZ violation: 1,800 buildings in Kerala facing demolition

The state Cabinet, in its weekly meeting, mandated chief secretary Tom Jose to study the illegal constructions in Kerala in detail and submit his recommendations.

The Cabinet meeting, chaired by chief minister Pinarayi Vijayan, decided that the state government should sue the defaulting builders and make sure that the flat-owners are compensated. News

No liquidity crisis, demand is picking up, says FM Nirmala Sitharaman

Private consumption, the main engine of the economy, suffered a major blow with year-on-year growth of just 3.1%, the lowest since Q3FY15, and the government has now been striving to arrest the decline.

Finance minister Nirmala Sitharaman, finance secretary Rajiv Kumar (left) and revenue secretary Ajay Bhushan Pandey during a meeting with private sector banks, in New Delhi on Thursday (PTI photo) News

Sebi moves on standstill pacts, says they are illegal

The Sebi chief was also of the view that sophisticated investors like MFs should not completely depend on credit rating agencies and should have their own way of assessing before taking a call.

SEBI, SEBI crackdown, fraudulent trading activity, market news, Last Traded Price, LTP News

PMC Bank depositors can now withdraw Rs 10,000

On Monday, the central bank had imposed a six-month ban on withdrawals of over Rs 1,000 as well as all lending and deposit-taking activity at the Mumbai-based cooperative bank.

rbi, reserve bank of india, mpc, monetary policy committee, repo rate, interest rate, policy rate, gdp forecast, inflation News

Jobs in IT sector: Hiring continues but at much slower pace

The hiring momentum of IT companies slowed down in August, dropping to 14% year-on-year against 31% in July, data from a survey conducted by Axis Capital show.

Tech hiring momentum declines (Representational image) News

IL&FS Case: Supreme court restrains govt from acting against auditor BSR

It added that the HC's interpretation would render the provision “toothless and would give a right to an errant auditor to avoid the due process of law simply by resigning”.

Disposing of the two appeals filed by the ministry of corporate affairs and IL&FS seeking a stay on the HC’s order, the apex court asked the HC to decide the case expeditiously and start hearing from October 3. News

Jet Airways: NCLAT allows Dutch administrator to attend creditors meetings

NCLAT’s direction came while hearing a petition filed by the Dutch court administrator against the order of the Mumbai bench of NCLT, which had declared overseas bankruptcy proceedings null and void.

Earlier, during the last hearing, NCLAT had directed the Jet RP and Dutch court to file the terms and conditions of their agreement. News

IL&FS at NCLAT for release of Rs 140 crore held by Gujarat discom

Debt-laden IL&FS on Thursday moved the National Company Law Appellate Tribunal (NCLAT) seeking direction to Gujarat Urja Vikas Nigam (GUVNL) to release its assets and dues.

The NCLAT would consider such claims and may pass an appropriate order. News

Leela-Brookfield deal: SAT dismisses ITC application

The order had rejected ITC's contention that the proposed asset sale to Brookfield qualified as a related-party transaction, except in respect to proposed transfer of 'Jamavar' trademark to Brookfield.

ITC holds a total of 7.92% stake in Hotel Leela. News

Facebook hits a six, bags digital content rights for ICC matches in South Asia

The ICC Men’s Cricket World Cup 2019 netted 4.6 billion #CWC19 video views across ICC’s digital and social media platforms

ICC chief executive Manu Sawhney News

IBREL closes Rs 2,717 crore deal with Blackstone

Earlier in June, Bengaluru-based realty developer Embassy Group had purchased around 14% stake in IBREL in a bulk deal on the stock exchanges.

The deal forms part of Indiabulls Group's overall plans to exit real estate business prior to the merger with Laxmi Vilas Bank. News

India witnesses M&A activity worth $310 billion between 2015-2019: Report

The report focused on 60 largest transactions by strategic investors in India between 2015 and 2019, each valued at more than $250 million.

These large deals doubled in value between 2015 and 2016 to $23 billion. News

Telecom sector capex intensity may decline 30-35 per cent in FY 20

The telecom sector is highly capital intensive as it requires an extensive network infrastructure to provide fixed line and wireless services.

Telecom service, Telecom revenue, industry news, Reliance Jio, BSNL, telecom operator, Bharti Airtel News

Ashok Leyland extends output cut at Ennore for five more days

Wages payable for the non-working days declared on September 28, October 1, 8, 9, will be decided after discussion with Ashok Leyland Employees Union (ALEU).

Except Hosur (1,2 and CPPS) for 5 days, the company has decided to go for a minimum of 10 days production cut across all other plants in September. News

Sansui to set up manufacturing unit in Gurgaon

While the investment for manufacturing will be made by the Jaina Group of New Delhi, Sansui will bring in technological expertise, said Abhishek Garg, executive director at Jaina Group, and brand head of Sansui India.

Sansui also announced the launch of a new range of consumer durable and electronic products in a strategic partnership with Jaina Group. News

Liquidity management: Weighted average call rate to continue as target rate, says RBI panel

The group observed that the current liquidity management framework should largely continue in its present form — a corridor system with the call money rate as the target rate.

The central bank should also have the freedom with respect to the instruments to be used as well as the tenor of operation News

Non-food credit growth slips to 9.2 per cent, lowest in about 2 years

The overall liquidity in the banking system has been in surplus for more than three months, the CARE liquidity report said.

The credit deposit (CD) ratio for the fortnight stood at 75.74%, a slight increase from the previous fortnight. News

Yes Bank’s promoter group cuts 1.8 per cent stake in bank

FE had earlier reported that Rana Kapoor will soon seek the Reserve Bank of India’s approval to sell his stake in Yes Bank to Canadian asset manager Brookfield.

The move to exit Yes Bank stems from the Kapoor family’s decision to protect other unlisted entities such as the Delhi Dabang Kabaddi Club, Awfis Solutions and Art Housing Finance News

Need more private investments via higher fundraising to meet $5 trillion GDP goal: Sebi chairman Ajay Tyagi

During the first five months of the current financial year, equity raising is over Rs 1.4 lakh crore as against nearly Rs 2.4 lakh crore in both FY18 and FY19.

Sebi chairman Ajay Tyagi (file photo) News

Developing secondary market key to revitalising corporation bond market, say experts

In July 2019, banks’ outstanding credit to non-banking financial services (NBFCs) rose by 34.5% from the the same period of the previous year to Rs 6.36 lakh crore, as per RBI data.

The participants also discussed the need to properly fund non-AAA-rated bonds News

DIPAM, Niti Aayog looking at potential divestment candidates

According to sources in the government, the proposal to divest stake in Air India is in the works and can possibly conclude this year.

Economy News

RSS affiliated body against flexible switch from EPS to ‘risky’ NPS

The RSS-affiliated Bharatiya Mazdoor Sangh (BMS) opposed the planned amendments to the employees provident fund (EPF) law.

BMS against flexible switch from EPS to ‘risky’ NPS News

Sugar mills to pay interest for delayed payment to growers

Ingole had moved a petition before the Aurangabad bench of the Bombay High Court to ask mills to clear their cane dues as well as pay farmers the 15% interest due to them as per the Cane Control Order of 1966.

The order mandates compulsory payment of cane dues within 14 days of cane being procured from the farmer. News

Know who is the inspiration of Viacom18 Studios’ Ajit Andhare

Elon Musk for his sheer audacity of dreaming unabashedly and then making those impossible dreams come true, says Ajit Andhare, COO, Viacom18 Studios.

Ajit Andhare, COO, Viacom18 Studios News

Indian banks set for solid growth in credit card business

HDFC Bank, Axis Bank and ICICI Bank along with RBL Bank have strong business propositions in the credit cards business

Bank, loan fair, district, industry news, banking news, Baroda Kisan Pakhwada, SBI, State Bank of India, Punjab National Bank, PNB, Bank of Baroda, BoB, Corporation Bank News

Maruti price cut not big enough to tempt buyers

Analysts believe that manufacturers need to give higher discounts to bring the inventory under control, which is still higher than normal, as the demand is weak in the first phase of the festive season.

Car News

TVS Motor ties up with Al Yousuf MC to enter UAE

As a part of this association, a 2,700-sq-ft showroom was inaugurated in Dubai. The new showroom is the first-of-its-kind for TVS Motor Company in the region and apart from the wide range of two-wheelers, the showroom will al

TVS StaR City+ 480image News