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Videocon loan matter: ICICI Bank CEO Chanda Kochhar goes on leave but remains the boss
FE Bureau | June 19, 2018 5:44 AM
Chanda Kochhar, CEO and managing director, ICICI Bank, decided on Monday to go on leave, stepping aside while justice B Srikrishna conducts an investigation into whether there was a conflict of interest in loans given by the private lender to the Videocon Group.
Economy Watch: Double-digit growth by Q4, says interim Finance Minister Piyush Goyal
FE Bureau | June 19, 2018 5:39 AM
The economy — which grew 7.7% between January and March from a year earlier — can achieve double-digit expansion as early as the fourth quarter of the current fiscal, aided by a pick-up in demand, interim finance minister Piyush Goyal said.
FIFA World Cup 2018: Sony to ‘Liv’ it up – 10 sec spots going at Rs 3.5-4 lakhs; Rs 200 cr revenue aimed
Meghna Sharma and Anushree Bhattacharyya | June 19, 2018 5:35 AM
As advertisers jostle for space between football matches, Sony Pictures Network and its video over-the-top (OTT) platform Sony Liv are making the most of the FIFA World Cup.
Market review: Farm distress for real, prices plunge
June 18, 2018 4:33 AM
Government managers have sought to talk down the recent nationwide farmers’ agitation as a mere attempt to hog the limelight. But a cursory analysis of key agricultural markets across the country would reveal the farming distress is real.
NITI Aayog meet: More steps to lift growth, says PM Modi
FE Bureau | June 18, 2018 4:22 AM
Addressing the NitiAayog’s fourth Governing Council meeting, Modi called for “widespread” debate on holding simultaneous elections to the Lok Sabha and state assemblies saying that it will result in financial savings.
Road projects: Toll-operate-transfer (TOT) model may fetch Modi government Rs 12,000-18,000 crore
Rouhan Sharma | June 18, 2018 4:19 AM
The next three bundles of road projects, to be sold to investors via the toll-operate-transfer (TOT) model, are expected to fetch the government between Rs 12,000 crore and Rs 18,000 crore.
Discom’s loss reduction: Cost curbs, tariff hikes held the key
Anupam Chatterjee | June 18, 2018 4:09 AM
A reining in of the costs of electricity generation at state-owned power plants, tariff hikes and digital billing-and-collection have enabled state-owned electricity distribution companies (discoms) under the Ujwal Discom Assurance Yojana (UDAY) to halve their losses to Rs 17,352 crore in FY18.
Co-working spaces the choice of millennials
Ananaya Banerjee | June 17, 2018 3:57 AM
When I stepped into a co-working space, touted to be the workplace of the future, for a first-hand experience, a dog wagging its tail was the last thing I expected to greet me on a Monday morning.
India signals more retaliatory steps
Banikinkar Pattanayak | June 17, 2018 3:50 AM
India has told the World Trade Organization (WTO) that it’s within its right to slap more retaliatory measures against the US if required, even beyond the 30 American goods.
Renewable Power: New roadmap for mandatory purchase
FE Bureau | June 16, 2018 5:00 AM
India has made rapid strides in renewable power sector in recent years but the potential bidders for such projects are concerned about the project costs going up if duties are imposed on solar panels from abroad.
Exports jump 20% in May, trade deficit widens
FE Bureau | June 16, 2018 4:53 AM
Merchandise exports in May jumped 20.2%, the fastest pace in six months, as a rise in oil prices helped boost outbound shipment value, although engineering goods, chemicals and pharmaceutical products registered decent expansion.
Tata Consultancy Services board okays up to Rs 16,000 crore buyback
Sundar Sethuraman | June 16, 2018 4:48 AM
The country’s biggest software services firm proposes to repurchase 7.61 crore shares at a price of Rs 2,100 each, a 14% premium to the stock’s closing price of Rs 1,841.45 on Friday on the BSE.
Capital and Risk Control: Fitch cuts ratings of Axis, ICICI Bank
FE Bureau | June 16, 2018 4:40 AM
In a blow to Axis Bank, Fitch Ratings on Friday revised the outlook on the private sector lender to negative from stable while the ratings were also downgraded for ICICI Bank.
Tax collections: Adhia’s critique miffs CBIC field staff
Sumit Jha | June 15, 2018 5:02 AM
Finance secretary Hasmukh Adhia’s missive to the CBIC, asking why the performance of its field formations have been inferior to their counterparts in the states under the goods and services tax (GST) regime, has put the former in a bind.
Sugar recontrolled: Food department brings back quota system, stokes fears of licence raj
Banikinkar Pattanayak | June 15, 2018 4:55 AM
The department of food has reintroduced the monthly sugar sales quota system that was abolished in 2013, stoking panic among mills that view the move as a throwback to the licence raj era.
14 states below par in handling water, shows NITI Aayog index
FE Bureau | June 15, 2018 4:48 AM
According to a Composite Water Management Index developed by NITI Aayog, Gujarat topped among states in efficiency of water management in 2016-17, followed by Madhya Pradesh, Andhra Pradesh, Karnataka and Maharashtra.
IBC for Punj Lyod: ICICI Bank, SBI differ
FE Bureau | June 15, 2018 4:40 AM
Private sector lender ICICI Bank on Thursday urged the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against Punj Lloyd as the infrastructure developer had defaulted on loans worth Rs 853 crore.
Pradhan Mantri Fasal Bima Yojana: Premiums move up after Centre’s nudge
FE Bureau | June 14, 2018 5:01 AM
Pradhan Mantri Fasal Bima Yojana: Several states that had developed cold feet in paying their shares of premiums in time are now contributing.
Q4 Current Account Deficit at 1.9%, strong capital flows a relief
FE Bureau | June 14, 2018 4:49 AM
The Q4 deficit was, slightly lower than the previous quarter’s $13.7 billion (2.1%); for FY18 as a whole, the CAD increased considerably to 1.9% from 0.6% in FY17.
Tata Tussle: NCLT order on Cyrus Mistry plea to be delivered on July 4
FE Bureau | June 13, 2018 5:55 AM
The order in the case filed by Cyrus Mistry, former chairman, Tata Sons, and his companies alleging mismanagement and oppression of minority shareholders in Tata Sons will be pronounced on July 4, the Mumbai bench of National Company Law Tribunal (NCLT) on Tuesday informed both the Ratan Tata and Mistry factions.
IBC’s Section 29A: Experts say Mumbai, NCLT’s order threatens code’s intent
Indu Bhan, Shamik Paul and Banikinkar Pattanayak | June 13, 2018 5:48 AM
Code explicitly bars promoters from bids, even where process initiated, say officials.
Battle for Ruchi Soya: Adani tops with Rs 6,000-crore bid
Shamik Paul | June 13, 2018 5:39 AM
Adani Wilmar, a joint venture between the Adani Group and Singapore’s Wilmar International, has beaten rival bidder Patanjali to place a higher bid of close to rs 6,000 crore for the bankrupt Ruchi Soya, bankers said.
Reliance Jio Effect: Airtel, Vodafone dial up the competition
FE Bureau | June 12, 2018 6:07 AM
In an attempt to cope with Reliance Jio’s onslaught, market leader Bharti Airtel has refreshed its Rs 149 prepaid plan last week to offer 2 GB of 3G/4G data per day, twice the amount it offered earlier.
DMart owner goes past Rs 1 lakh crore mark in m-cap
FE Bureau | June 12, 2018 5:59 AM
Avenue Supermarts, which runs the retail chain DMart, on Monday crossed Rs 1 lakh crore in market capitalisation in intra-day trade.
Mobile banking: Paytm tops volumes, Axis value
Shritama Bose | June 12, 2018 5:56 AM
At 17.2%, Axis Bank commands the largest value share of mobile banking transactions but it’s Paytm that tops volumes with 22%.
May numbers: Auto sales rise but little sizzle
FE Bureau | June 12, 2018 5:52 AM
Automobile sales in the home market were up a reasonable good 12.1% year-on-year in May but some of this must be attributed to the favourable base and some key players outperforming peers.
Stressed projects: Govt mulls larger, multi-sector plan
FE Bureau | June 12, 2018 5:46 AM
Goyal, Singh meet in the backdrop of HC order on power assets, to convene session of RBI, banks, etc, soon.

Horoscope: By Peter Vidal

Today ( 19 Jun )This Week ( 17 Jun - 23 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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