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Have cracked the formula for BJP defeats: SP president Akhilesh Yadav on tie-up with Mayawati’s BSP

SP chief says learnt the ginti which led to the defeat of BJP in the Gorakhpur and Phulpur Lok Sabha bypolls

India News

Fresh curbs by DIPAM on CPSE arms and JVs

The DIPAM’s contention is that investments in CPSE subsidiaries are often not giving any/enough returns to the government as the promoter.

Industry News

Call Waiting: Reliance Jio, RCom get three weeks more to resolve DoT liability issue

The apex court had maintained that the department of telecommunications (DoT) would give the required no objection certificate to the deal only after RCom and RJio resolved the issue between themselve

Industry News

Infosys reports 12% decline in Q3 profit, announces Rs 8,260-crore share buyback

Infosys posted its October-December earnings which were lower than analysts’ estimates as subdued growth in services and cautious spending by clients created pressure.

Industry News

Worry lines: IIP growth hits 17-month low in November

Industrial output grew just 0.5% in November 2018, the lowest since June 2017 when companies had trimmed production to offload inventory.

Industry News

Rural distress: FM Arun Jaitley hints at greater support to farmers

Finance minister Arun Jaitley on Friday hinted at greater support to farmers to recover from distress and listed steps initiated by the current regime to improve the lot of the middle class and the po

Economy News

FE Best Banks Awards: Don’t allow litigation to kill IBC’s spirit, Narayanan Vaghul to bankers

The Express Group chairman and managing director Viveck Goenka said the IBC has forever changed “the balance of power between bankers and lenders”.

Economy News

GST relief to MSMEs: Council raises exemption threshold

Council raises exemption threshold to Rs 40 lakh, launches benign-tax scheme for service providers, widens its scope for others

Industry News

CBI Director Alok Verma sacked by selection committee

The high-powered selection committee — it comprised the Prime Minister, Supreme Court Justice AK Sikri representing CJI Ranjan Gogoi, and leader of Congress in Lok Sabha Mallikarjun Kharge.

India News

Level field: Apple may not get special package for local manufacturing of iPhones

Govt working out incentive plan in sync with extant schemes, which all like-minded players can tap

Making in India, Apple, MEIS, income tax relief on exports, Suresh Prabhu, World Economic Forum  News

FE Best Banks Awards: Celebrating the very best of banking

Narayanan Vaghul, former ICICI Bank chairman, will present India’s most prestigious financial sector awards — FE Best Banks awards — in the country’s financial capital on Thursday.

FE Best Banks Awards,  ICICI Bank, Arundhati Bhattacharya, NBFC, Tata Consultancy Services, IndusInd Bank News

Pulses and Oilseeds: Nafed buy may drop by a third

Just about 10 lakh tonnes or 3% of the summer crop output of 314 lakh tonnes were procured by the national-level procurer Nafed as on January 3 and it may end up buying 16 lakh tonnes (5%) or thereabo

Pulses and Oilseeds, Nafed, PM-AASHA scheme, MSP  benefit, Rythu Bandhu News

Dus ka dum for Modi govt: Parliament okays 10% quota for poor in general category

Parliament on Wednesday approved amending the Constitution to provide 10% reservation to general category poor in jobs and education with the government terming the landmark move ‘slog over sixes’

quota for poor, quota for general category, Rajya Sabha, modi government, narendra modi News

BT cotton issue: Supreme court restores Monsanto patent, for now

Multinational biotech companies that feared a premature closure of the potentially exponential Indian market for their genetically-modified plant seed technologies saw a ray of hope on Tuesday, with t

Economy News

FE Best Banks Awards: Know who gets the Lifetime Achievement Award

They don’t make them like Arundhati Bhattacharya any more. A public sector CEO with the confidence to say no with the full knowledge it might cost her the job.

FE Best Banks News

Supreme Court permits Vedanta to reopen Tamil Nadu plant

Clearing the way for Vedanta Resources to reopen its Sterlite copper smelter in Tamil Nadu, the Supreme Court on Tuesday refused to stay a National Green Tribunal (NGT) order allowing resumption of th

Industry News

CBI vs CBI: Alok Verma back at helm, but curbs on power

The Supreme Court on Tuesday set aside the October 23, 2018, order of the Central Vigilance Commission (CVC) and Union government divesting CBI director Alok Kumar Verma of his powers and functions, f

India News

IL&FS classification: RBI rejects bankers plea for six-month moratorium

The Reserve Bank of India (RBI) has turned down a request from bankers for a special dispensation for asset classification norm with respect to their over Rs 50,000-crore exposure to IL&FS and its sub

Industry News

Reservation for upper castes: Around 55 million homes that earn Rs 8 lakhs per year may benefit from new quotas

In a significant move ahead of the Lok Sabha elections to address demands of the poor among the upper castes, the BJP-led NDA government on Monday decided to amend the Constitution to provide 10% rese

India News

FE Best Banks Awards: Romesh Sobti — Banking’s Rahul Dravid

Romesh Sobti can never forget the day when as a probationer at a State Bank of India (SBI) branch in Motihari he was told to run into the branch manager’s chambers.

FE Best Banks News

Consolidation time: Gruh finance to merge with Bandhan Bank

Bandhan Bank said on Monday Gruh Finance would merge with it in an all-share deal valued at approximately Rs 81,800 crore based on the closing prices of shares of the two players.

Banking & Finance News

Gas-based power: Government to blame for crisis, says panel

With gas-based power units of over 14,000 mega watt (MW) — about 60% of the installed capacity — being stranded for want of fuel and customers, a parliamentary standing committee has rapped the pe

Industry News

A Leg-up for MSMEs: Interests of operational creditors to be secured under insolvency code

Operational creditors (OCs), mostly MSMEs, may soon cease to get short shrift by the financial creditors, their mightier counterparts. The government is set to equip the OCs with more power under the

Insolvency law, Operational creditors, MSME, Insolvency and Bankruptcy Code, NCLT News

FE Best Banks Awards: The Jury is in, countdown begins

India’s banks today face many challenges among them an increasingly digitised environment and more demanding and aspirational customers. Thanks to digitisiation, the competition among intermediaries

FE Best Banks Awards, Tata Consultancy Services, FE Best Banks jury, NBFC, Larsen& Toubro,  Reserve Bank of India, HDFC Bank News

Taxing times: Urban bodies may be allowed to raise taxes to meet Rs 40 lakh cr infra needs

According to official sources, these urban bodies may also be nudged to take steps to increase their own revenue by tapping other sources like trade licences, taxes on entertainment, mobile towers, so

Urban bodies finances, NITI Aayog, municipal bond market, Smart City Mission, gst, Finance Commissions News

Railways, DoT on collision course over 700 MHz spectrum

Officials in the DoT told FE that state-owned telecom operator BSNL has also been asking for 700 MHz spectrum but is offering equity in return for the airwaves.

department of telecommunications, Railways, DoT, 4G spectrum, BSNL, airwaves, rural areas, telecom industry News

No Quick Fix: Farm loan waivers no solution, says Niti Aayog member Ramesh Chand

l Feels Centre should ensure access to formal credit, efficient crop insurance

Farm loan waivers, Niti Aayog, Ramesh Chand, MSP rates, MSP policy, agricultural loans News
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