Page 295 of Front Page Archives

The investors had also sought the removal of Manish Chokhani and Ashok Kurien, who resigned ahead of the company’s annual general meeting.

ZEEL institutional investors likely to support call to remove directors

“The notice to the exchanges did not specify the exact reasons sought for the removal of Punit Goenka as managing…

September 22, 2021 05:30 IST

Emails sent to RIL, CFM ARC and Bank of Baroda remained unanswered till the time of going to press.

Reliance set to take over JBF Industries with CFM ARC

Bankers had sought takeover bids in July, and the Ahmedabad-based CFM ARC is understood to have put in a `825-crore…

September 22, 2021 05:00 IST

In May, the finance ministry extended the validity of the ECLGS by three months through September 30 or until guarantees for the earlier limit of Rs 3 lakh crore were issued. Now, it’s expected to be extended further.

Demand Seen: Loan guarantee scheme to stay through FY22

“There is also a chance that initially, it may be extended by three months through December 2021, which could be…

September 22, 2021 04:45 IST

Lenders seek fresh bids for Videocon

The matter is a complex one as earlier the CoC and the NCLT have approved the bid of Twin Star…

September 21, 2021 04:45 IST

VIL promoters likely to infuse equity

This means that the overall deferred amount for the four year period comes to `92,000 crore.

September 21, 2021 04:00 IST

The sale will help the 156-year-old Shapoorji Pallonji Group pare its debt, which currently stands at Rs 10,900 crore, as it intends to focus on its core businesses of construction and real estate.

Shapoorji Pallonji Group sells Eureka Forbes to Advent in Rs 4,400-crore deal

Eureka Forbes, a wholly-owned subsidiary of SP Group firm Forbes & Company, has presence in water purification, vacuum cleaning and…

September 20, 2021 05:45 IST

The Centre’s capex rose only 15% in the April-July period from a year before, against the full-year target of 30% (from the actuals of FY21).

Cautious Push: Finance secretary TV Somanathan tempers stimulus expectations

There is a strong opinion among sections of the economists’ fraternity and independent analysts that the government could allow the…

September 20, 2021 05:30 IST

Though he was non-committal on whether this view was taken by the panel, such a proposal could address one of the main concerns of the agitating farmers.

Farm laws: Supreme Court panel member wants tribunal for disputes

The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act 2020, too, have similar provisions.

September 20, 2021 05:15 IST

The move in the short run – if 5G auctions are held next year in March – would help Bharti Airtel and Reliance Jio in lowering their SUC payment. However, a similar gain may not come through Vodafone Idea's way.

Spectrum charges: Dept of Telecommunications to abolish 3% floor rate

Though the telecom package talks of scrapping SUC only on spectrum acquired in future auctions like that of 5G, if…

September 20, 2021 05:00 IST

Similarly, a shift in wealth distribution away from the poor and the lower-middle class to the upper-middle class or the rich boosts income tax mop-up because the tax regime is usually progressive.

‘Forced formalisation behind the surge in tax collections’

India’s informal sector accounts for about a half of its GDP but employs as much as 80% of its workforce,…

September 20, 2021 04:50 IST

ZEE5 plans to launch a joint slate of over 30 originals and acquired content across Hindi, Tamil, Telugu and Punjabi through October-March

For OTTs, regional flavour gets stronger

Analysts at EY estimate the share of regional language consumption on OTT platforms to cross 50% of total time spent…

September 19, 2021 09:02 IST

Office buzz gets louder in Bengaluru, Chennai, Hyderabad with double-digit rise in rentals

NCR, Mumbai figures remain flat for past couple of years

September 19, 2021 06:00 IST

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US Stock Market

Amid the layoff scenario, one 31-year-old software engineer has quietly crossed a milestone many spend decades chasing: a net worth of over $1 million.

31-year-old unemployed US techie becomes a millionaire as layoffs surge, shares secret recipe

Currently, India is the world’s top recipient of remittances, with around $83 billion sent annually from abroad, much of it from the United States.

Internet slams US bill to impose 5% Tax on NRI remittances, says “This is new form of stealing”

The broader bill aims to make the 2017 Tax Cuts and Jobs Act permanent while increasing the standard deduction and extending the child tax credit to $2,500 through 2028.

US to levy 5% tax on immigrant remittances: What does it mean for NRIs

US stocks, inflation, US-China tariff deal, S&P 500, Nasdaq 100

S&P 500 finally turned positive for the first time since February

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