Industry

Google, Facebook, WhatsApp to be made more accountable under new rules

Further, such rules will apply to social media platforms having more than 5 million users, and they need to have a permanent registered office in India and appoint a grievance officer in the country.
The government has time and again reiterated that platforms have to provide origin of unlawful messages in order to prevent any untoward incident. News

Nitin Gadkari promises `concrete decision’ for timely payments to MSME

"The small scale industry producer never gets payments on time. And this tires and finishes him. I am seriously thinking, whether it is private or public sector or government, the payment of MSME shou

Nitin Gadkari, MSME, Laghu Udyog Bharti, RSS, Modi government, MSME, Delhi, agro processing industries News

After VG Siddhartha’s death, CCD clarifies on firm’s debt; says all obligations will be honoured

Following the unfortunate demise of founder VG Siddhartha, Coffee Day Enterprises clarified about the firm's debt position and said that all obligations will be honoured.

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Biometric data breach could link your face to illegal activities

Britain’s Information Commissioner’s Office said it was opening an investigation into the use of facial-recognition camera technology at London’s Kings Cross development.

Biometric data breach, data protection law, Biostar 2 data breach, facial expressions, risk analysis, digital fingerprints News

IL&FS crisis: ED files first charge sheet; attaches Rs 570 crore assets

The central agency also issued a provisional order for attachment of assets, under the PMLA, and attached bank accounts and immovable properties located at Delhi, Mumbai, Chennai and Brussels, Belgium

NCLAT, ILFS resolution, IL&FS group companies, Insolvency & Bankruptcy Code, liquidation, Supreme Court, Corporate Affairs Ministry, IL&FS probe, ED, Bawa, Sankaran, ilfs case, ilfs news, ilfs crisis, Serious Fraud Investigation Office, FIO, industry news

Forum directs builder to pay Rs 15 lakh refund to flat buyer

The forum also said that after the project was revised, no fresh agreement were executed with the complainants.

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IICT signs agreement with Sun Pharma towards out-licensing of patents on NCEs

The CSIR-Indian Institute of Chemical Technology here said on Friday that it has signed an agreement with pharma major SunPharma for “out-licensing of patents on a New Chemical Entity for multip

IICT, IICT agreement, IICT Sun Pharma, licensing patents NCEs, Chemical Technology, chemical industry News

Fiji PM labels Australia PM ‘very insulting’ after Pacific standoff

Morrison, who concedes climate change is real but insists it can be managed in a way that does not hurt the economy, has denied a rift between Pacific leaders.

Fiji australia, Fiji Prime Minister, Frank Bainimarama, Australian prime minister, Scott Morrison, China Fiji, diplomacy, Pacific summit, Bainimarama Morrison, Pacific Island Forum, Tuvalu, pro coal Canberra, island nations, climate change News

Good news! Start-ups can raise capital from abroad without losing control of the company; here’s how

Start-up India: In less than a week, the Modi govt announced two major reliefs for start-ups on the issue of angel tax and by liberalising norms for issuing DVR shares and ESOPs.

Start Up India, DVRs, ESOPs, Differential Voting Right Shares News

Amtek Auto to be wound up on NCLAT order

Liquidation value for bankrupt auto components maker, which owes lenders Rs 12,603 crore, is Rs 4,119 crore

The NCLAT asked the RP to consider only plans submitted by DVI and others based on the original information memorandum. (Represnetative image) News

NBFC liquidity crunch to hit realty developers hardest

NBFCs are now also shying away from refinancing maturing debt of large developers to limit concentration risk to the sector.

NBFCs have disproportionately increased their share of real-estate sector credit in the past few years amid heightened risk aversion by banks. News

Delay in DHFL’s submission of unaudited Q1 results

Only last week, the home loan financier informed it may not meet its upcoming payment obligations in the ‘immediate future’, even as it remains in discussions with lenders over a resolution plan.

The mortgage financier owes banks Rs 38,000 crore and bondholders an additional Rs 34,000 crore News

Boon to start-ups: Centre raises cap on differential voting rights

The two incentives have been offered following requests from tech companies and start-ups, as well as to strengthen hands of Indian companies and their promoters

Govt removes 3-year distributable profit norm to be eligible to issue shares with DVRs News

Rapid vehicle-battery swap scheme planned by HPCL

Two- and three-wheelers account for about two-thirds of HPCL’s gasoline sales, said the people. Those two types of vehicles now make up more than 80% of all autos on Indian roads, according to Bloom

HPCL also isn’t the only Indian fossil fuel-focused company adapting to the influx of electric vehicles amid the transition to cleaner power. News

IFIN drags SKIL infra to NCLT

In its report, the SFIO said loans given by IFIN to SKIL Infrastructure were used for payment of existing loan facilities.

Reliance Commercial Finance has also dragged SKIL Infrastructure to the National Company Law Tribunal (NCLT) for recovery of outstanding dues, the filing said. News

Ashok Leyland Ennore plant workers protest over bonus issue

Sources said that for employees with more than 15 years of experience, the compensation is two month's fixed pay for each completed year of service.

When contacted, a senior union official in the Ashok Leyland Employees Union (ALEU) confirmed the developments. News

Monsoon rage grounds CIAL’s business by Rs 70 crore

CIAL sources said that although solar panels did not stand in the way of easing storm water discharge, the airport would soon remove some of the panels to allay local concerns.

“However, during 2018-19, CIAL had posted net profit of Rs 166.9 crore, against Rs 650.34 crore turnover,” CIAL director Roy Paul told FE. News

Top executives of Apple, Samsung, Xiaomi to meet government on August 19

The government attaches high priority to domestic electronics hardware manufacturing as it is one of the important pillars of both ‘Make in India’ and ‘Digital India’.

The roundtable meeting, to be chaired by electronics and IT minister Ravi Shankar Prasad, will be attended by chiefs of over 46 companies. (File photo) News

Supreme court quashes Rs 50,000 cost imposed on Sebi by tribunal

Sebi observed that around 39.3 lakh SMSs were sent recommending buy for STML across different dates during the examination period.

“The interim order was passed within three months of the last hearing,” it added. News

Bridging the skilled gap in the automotive sector

Becoming the youngest country also means that the demand for jobs will see a substantial growth, thus amplifying the challenges in the job market.

Something as simple as an internship, for instance, can take students outside of the classroom environment so they can apply their skills in a real-world setting. News

Hyundai Motors to showcase electrified prototype displaying this concept

The all-new i10 will receive its public world premiere, alongside a special version of the model

‘Style Set Free’ is Hyundai’s in-car experience strategy for future EVs News

Know the steps needed for increased adoption of electric vehicles

While EVs are cost-competitive in the long run, by 2025 they are also expected to be cost-effective in terms of upfront cost, vis-a-vis petrol/diesel vehicles.

Fortunately, this year’s Union Budget saw a slew of measures to boost the EV ecosystem. News

Over 3,000 temporary jobs cut due to slowdown: Maruti Suzuki

Over 3,000 temporary employees have lost jobs with the country's largest carmaker Maruti Suzuki India (MSI) due to the ongoing slump in the automobile industry, a top company executive has said.

"Around 3,000 temporary workers have lost jobs with Maruti Suzuki," he added. News

Bosch Ltd Chairman V K Viswanathan resigns

The development comes at a time when the company is undertaking temporary closure of its two plants and restructuring and redeployment of employees in the midst of slowdown in the automobile industry.

Bosch Ltd Chairman resigns, V K Viswanathan, Soumitra Bhattacharya, Tamil Nadu, Maharashtra News
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