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Insolvency bids: Defaulting winners may land in jail

Jail-term provision may be invoked, debarring such successful bidders; earnest money deposit under consideration, says corp affairs secy.

Industry News

In the dock: IL&FS financial arm indulged in window-dressing, says Serious Fraud Investigations Office

Company inflated its financial performance by ever-greening loans to defaulting firms, says the probe report.

Industry News

GST returns: Rollout of new system only by FY20

The GST Council had to suspend the original triplicate forms in November last year after assessees complained of its cumbersome nature and glitch-prone functioning.

Economy News

Express IT Awards: It’s time to celebrate

Veterans and novices, venture capitalists and software czars will compare notes on the latest trends in technology even as they applaud this year’s winners.

India News

IT’s all about ideas

The most popular category has been innovation, though this time the Fintech and Mobility categories also attracted a large number of entries.

India News

All-equity merger: Horlicks boost for HUL drinks cart

This was triggered by GSK looking to help fund its $13 billion buy out of the Novartis stake in their consumer healthcare joint venture.

Industry News

GDP growth row: How use of deflators took sheen off UPA era data

The variation in gross domestic product (GDP) data for the UPA era under the old and new series, released last week, is much less pronounced in nominal than in real term.

Economy News

NCLT bars IL&FS ex-officials from selling assets

The Mumbai bench of National Company Law Tribunal (NCLT) on Monday passed an order barring nine former officials of IL&FS Group from selling or pledging any of their personal assets.

Industry News

To market: REC to hit market to fund Rs 19,000 cr PFC purchase

In an otherwise stressed sector, both REC and PFC reported robust profits in FY18 and paid hefty dividends.

Markets News

Flipkart, Amazon bleed: E-commerce burns cash, but investments keep pouring in

Even as Amazon and Flipkart slug it out for the top spot in India’s e-retailing arena, profit and loss statements across the sector remain a sea of red.

Industry News

Express IT awards jury meet: The best of Indian IT pick the winners

The team looked at how novel an idea was, how exclusive it was.

Industry News

Big turbulence: IndiGo lone survivor as aviation sector suffers huge losses

Jet Airways and its low-cost subsidiary JetLite commanded a share of 14.9% and national carrier Air India had 12.2%.

Industry News

NPA trouble: Agriculture loan portfolios see rise in NPA levels

The largest private bank by assets, HDFC Bank, too, admitted to facing repayment pressure in agri loans, even as it didn’t disclose the quantum of slippages.

Industry News

Vodafone Idea: Spectrum charges to stress balance sheet

Much depends on how much pricing power players like VIL and Bharti Airtel will be able to command given Reliance Jio’s onslaught.

Industry News

Trouble for Modi govt: GST shortfall continues, only Rs 97, 637 crore collected in November

The Goods and Services (GST) collections for October (collected in November) dropped to Rs 97,637 crore from Rs 1 lakh crore collected in the previous month.

Economy News

Car sales skid: Maruti Suzuki, Hyundai register decline in November sales

Auto sales were a clear washout in November with most manufacturers registering either a year-on-year decline or flattish trend.

auto industry, Auto sales, Maruti Suzuki, Hyundai Motor, IHS Markit News

Making Hay: YouTube, Hotstar lead digital ad sweepstakes as advertisers look for traction

With the steady rise in digital consumption in India, advertiser interest in the medium has also taken a turn for the better.

digital ad market, digital advertising, digital consumption in India, Hotstar, CPC,Windchimes Communication News

Blank calls: Mobile business is all about data as revenues from calls decline

Freebies and cheap data only fuelling demand for more data

Industry News

3-quarter low: GDP growth slows to 7.1% in Q2 – Major services sectors subdued

India’s gross domestic product (GDP) expanded at a lower-than-expected 7.1% in September quarter (Q2) of the current fiscal, as a deceleration in key service industries that began in the final quart

Economy News

Relief for Anil Ambani: Supreme Court clears way for RCom-Jio deal

Anil Ambani’s Reliance Communications on Friday got a huge relief from the Supreme Court, which allowed it to furnish corporate guarantee worth Rs 1,400 crore via its sister firm Reliance Realty to

Industry News

Did Soros short FB scrip? Facebook COO Sheryl Sandberg asks staff to probe

Facebook Inc chief operating officer Sheryl Sandberg told employees to investigate financial dealings by George Soros, the billionaire who criticised the company at the World Economic Forum in Davos i

Industry News

Tyeb Mehta’s painting ‘Durga Mahisasura Mardini’ fetches Rs 20.49 crore

Tyeb Mehta’s painting ‘Durga Mahisasura Mardini’ was sold for $2.9 million (`20.49 crore) at Boundless India, Sotheby's inaugural auction in Mumbai.

India News

Big win for TCS: US Jury clears IT major of anti-America bias

A jury in California rejected claims that Tata Consultancy Services (TCS) discriminated against American workers in favour of staffing its US offices with Indians.

Industry News

Regulators under scanner: Kotak, Mahindra slam excessive rules

One of the weakest links in fiduciary chain of governance in India is accounting, says Kotak Mahindra Bank boss

Kotak, Anand Mahindra, Uday Kotak, Rahul Bajaj , M Damodaran News

Express IT Awards: Lifetime achievement award – Vineet Nayyar

Chak de phatte! That was Vineet Nayyar’s triumphant response to reporters’ queries after Tech Mahindra snapped up Satyam Computers.

Vineet Nayyar, Tech Mahindra, Satyam Computers,  Mahindra and Mahindra, JP Morgan, IL&FS News

Native push: We’ve transferred technology from metros to smaller towns, says Ravi Shankar Prasad

It was on a trip to Bengaluru that IT minister Ravi Shankar Prasad, who at that time also held the telecom portfolio, met some youths from Bihar who requested him to do something which would enable th

Ravi Shankar Prasad, IT minister,  BPO, India BPO Promotion Scheme, NEBPS, IT ministry, Digital India programme  News

GDP back series data puts NDA back on top, trims UPA-era economy growth rates

Belying the notion that the United Progressive Alliance (UPA) fared better in economic growth than its successor, the data released by the Narendra Modi government on Wednesday trimmed the expansion r

Economy News
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