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Gathering storms: India Inc in deep trouble as sales slow, profits fall

The best news so far has been the fairly good growth in order inflows at L&T which rose 14% y-o-y in Q4.

Industry News

No tariff king: India’s import duties low, Donald Trump’s jibe misplaced

US President Donald Trump may call India the “tariff king”, but data show New Delhi has exercised “maximum self-restraint” in taxing imports.

Economy News

Even before takeoff, India’s desi GPS under videshi shadow

To prevent any interference from the 5G mobile/BTS signals in these four earthstations, the DoS has written to the WPC asking that 25 Mhz of spectrum (3.400 to 3.425 GHz) in the 3.5 GHz band of 5G ban

Lifestyle News

Digital transactions: Paytm leads payment banks in volumes game

For payments banks, 2018-19 turned out to be an important milestone. It was when they joined the ranks of the top 10 mobile-banking players, matching them in volumes.

Industry News

Brand Virat Kohli: Indian captain’s brand avatar as classy as his cover drive

Most notable for endorsing fashion, lifestyle and sports brands, Kohli has also been structuring endorsement deals with an equity element, with an aim to maintain long-term relevance and share the ups

Industry News

Khan Market gang hasn’t created my image, my tapasya did. It can’t be dismantled: PM Modi

Over 90 minutes at his 7, Lok Kalyan Marg residence, Modi touched upon a range of issues: from his definition of nationalism and how that squares with freedom to dissent to the marginalisation of Musl

PM Modi at an election rally in Sonbhadra, Saturday (PTI photo) News

Modi interview: Don’t judge me by one or two issues, says PM

It’s the last day of campaign for the penultimate phase. Before he leaves 7, Lok Kalyan Marg, on May 10, for his first rally of the day in Rohtak, Haryana, Prime Minister Narendra Modi speaks to Rav

Elections News

YC Deveshwar’s legacy: How he transformed ITC into an FMCG giant

It was Deveshwar’s genius to come up with the idea that shops selling its cigarettes could also sell its FMCG products, reaching the interiors of the country.

Industry News

OTT players ride piggyback on telcos to boost revenues

Almost all OTT platforms including Hooq, Hungama and Shemaroo have tie-ups with one or more telecom operator. Even Netflix is available on Airtel network, while Amazon Prime is available both on Airte

Industry News

Ray of hope: Etihad Airways submits binding bid for Jet Airways

Says it cannot be sole investor, will need a majority investor as a partner.

Industry News

MCA database row: Missing units small and few, can’t affect growth count, says govt

The finance ministry on Friday sought to underplay GDP growth overestimates due to a “black hole” in the MCA database used for the computation of national income.

Economy News

Tata Steel-Thyssenkrupp call off deal over European Commission opposition

Had the deal been cleared, it would have been the largest European steel deal since 2006 when Arcelor was taken over by industrialist Lakshmi Mittal.

Industry News

ABB India gets green light to pay 4% royalty to parent firm

While the Kotak Committee had suggested a threshold of 5% of revenues, market regulator Sebi decided on a much lower level of 2%.

Industry News

L&T acquires crucial 25.9% stake in Mindtree, will buy remaining 9% from market

Over the last few days, the engineering major L&T has been busy acquiring shares of Mindtree from the open market.

Industry News

NBFC crisis: It’s a solvency issue manifest as liquidity crisis, says CEA Krishnamurthy Subramanian

The CEA asserted that the onus of ensuring the quality of ratings lies solely with the rating agencies; they can’t just crib that companies didn't provide enough information to them to be able to di

Industry News

Maruti Suzuki cuts production by 10% in April

The country's largest carmaker Maruti Suzuki India on Thursday said it has slashed its vehicle production by around 10% across its factories in April.

Industry News

It’s a deal: Mukesh Ambani’s Reliance Industries buys British toy retailer Hamleys

Reliance Brands, a subsidiary of Reliance Industries, on Thursday said it is acquiring UK-based toymaker Hamleys from C banner International.

Industry News

Jet Airways crisis: MCA orders SFIO probe into airlines’ books over siphoning of funds

The ministry of corporate affairs (MCA) is understood to have asked the Serious Fraud Investigation Office (SFIO) to begin a probe into Jet Airways on suspicion that the promoters siphoned off money.

Industry News

2019 Lok Sabha polls are the most unpredictable general elections, says Ruchir Sharma

According to Sharma, instead of being in the post-caste world that everyone had hoped for, we are now in a “post-truth world”, where everyone makes their own list of the facts as it suits them.

Elections News

Will lose $3.2 billion if ICT tariffs scrapped, China will benefit, India tells US

Even that incentive amount might have dropped further in FY19 when the US first dropped 50 items from the list of items eligible for incentives and later, in March, announced the withdrawal of the pro

Economy News

Jaypee Infra insolvency: Debt recovery tribunal bars Manoj Gaur from selling assets

Manoj Gaur was also directed to disclose on affidavit his assets, movable and immovable, before the tribunal on or before next date of hearing, which is scheduled for May 29.

Industry News

In the slow-lane: Sales of cars, two-wheelers slip further in April

Prices have been driven up by higher insurance premiums and the hikes taken on April 1 — by two-wheeler players — on account of new features provided to comply with safety norms.

Industry News

HDFC puts Jet Airways’ BKC office on the block

The sale process was initiated after the now-grounded airline failed to repay Rs 415 crore of dues, in addition to interest and other charges, owed to the mortgage financier.

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Real estate crisis: Representative voting by homebuyers likely

The MCA has placed two options on the table — representative voting among home-buyers by treating them as a sub-class among the financial creditors or by stipulating that the majority threshold coul

Suraksha Realty, Suraksha Realty bid, Jaypee Infratech, committee of creditors, NCLT, Jaypee Group, Insolvency and Bankruptcy Code News

Battle for Essar Steel: Ruias move NCLAT against ArcelorMittal bid

As is known, ArcelorMittal’s resolution plan for Essar Steel has already been approved by the Ahmedabad bench of the National Company Law Tribunal but the final payment to the creditors is still stu

NCLAT gives conditional approval to ArcelorMittal's resolution plan for Essar Steel News

Lok Sabha election 2019: Mamata Banerjee uses conch shells, Ma Durga to rebut BJP

As she rushes through three public meetings a day, Banerjee continues to highlight her government’s “pro-people” initiatives and target Prime Minister Narendra Modi over demonetisation, farmer s

Elections News

PM Kisan scheme: Over 2.25 crore farmers get Rs 2,000 since April 1

The scheme, estimated to cost Rs 75,000 crore annually, took retrospective effect from December 1, 2018. The Modi government’s plan was to ensure the scheme’s benefit reach as many as eligible fa

Economy News
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