Business Blogs News - Page 20

MTNL expects to be operationally profitable within two years; CMD Sunil Kumar hopes 15,000 eligible employees opt for VRS

MTNL Chairman and MD Sunil Kumar said the voluntary retirement scheme approved by the government is very lucrative for the employees

India moves up 14 notches to rank 63 in World Bank's Ease of Doing Business; figures among top 10 most improved economies

The World Bank noted that India has joined the list of top 10 improvers for the third year in a row, which it said was commendable given the size of the economy.

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain

Globally, any merger works only because employees get fired and the merged company is able to bring down their cost of operations

PMC Bank crisis impact: Odisha govt cautions departments against depositing money in banks

The Odisha Finance Secretary has written the letter to departments asking them to keep in mind the norm that in the eventuality of closure of any bank the deposits are insured only up to Rs 1 lakh and not beyond that, said reports.

Infosys whistleblower complaint probe: IT major asks investigators to complete probe in two week's time

Nandan Nilekani, the non-executive chairman will lead the team, which will be assisted by Inderpreet Sawhney, the general counsel at Infosys

Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea

In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China

State Bank of India employees to get gifts worth Rs 25 cr; OBC plans to give festival gifts too

The two banks have announced a Diwali gift of sweets/dry fruits/chocolates for their staff worth Rs 1,000

Banks Board Bureau recommends C S Setty for post of Managing Director of State Bank of India

The Prime Minister, in 2016, approved the constitution of Banks Board Bureau as a body of eminent professionals and officials to make recommendations for appointment of whole-time directors as well as non-executive chairpersons of public sector banks.

IndiGo reports biggest quarterly loss of Rs 1,062 cr due to high maintenance costs; cuts expansion targets

IndiGo is the country's largest airline in terms of domestic market share

SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI

The decision will have a big impact on the telecom sector as it is already in the state of huge financial distress, experts opined

Supreme Court rules against telcos: Will have to pay Centre Rs 92,000 cr; Airtel may end up paying over Rs 21,000 cr, Vodafone Rs 20,000 cr

The Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from telcos

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

Assembly Election Result 2019: Sensex jumps over 250 points, Nifty advances 51 points in early trade: HCL Tech up 3%

At 9:23 am, the Sensex rose 212 points to 39,271 and Nifty advanced 51 points to 11,655

MTNL shares surge 5%; hit upper circuit on Rs 69,000-cr revival plan announcement

MTNL's scrip jumped 4.92% to Rs 6.19—its upper circuit limit on the BSE

Infosys whistleblower row: US SEC initiates investigation into allegations of 'unethical practices' in India's IT major

"The company will cooperate with the SEC's investigation," Infosys said in a statement.

Infosys row: When racism, sexism raises head in corporate boards, it is time SEBI intervenes

The Infosys case, irrespective of what its actual and final findings are, should be a good eye-opener for SEBI

Infosys row: If allegations of racist slurs against CEO Salil Parekh are true, it exposes decay in Indian corporate culture

Charges of accounting fraud at Infosys is only one part of the story; racism is another.

Infosys whistleblower complaint: Shades of Satyam fiasco; US is epicentre of both firms, but auditors can still redeem themselves

The US SEC is taking up cudgels for American investors. It is in the fitness of things that SEBI should bat for the Indian investors in Infosys

CAIT urges PM not to yield ground to Walmart, other e-commerce players; says such firms have no regard for Indian laws, policies

CAIT's secretary general Praveen Khandelwal accused e-commerce firms of attempting to directly control India's economy by indulging in 'unfair and monopolistic' business practices

Sensex up 110 points, Nifty edges higher by 48 points; Infosys shares rebound after 15% plunge on Tuesday

The BSE Sensex was up by 110 points at 39,073 while the Nifty 50 edged higher by 48 points to 11,637

Infosys headed for more trouble; SEBI may seek clarification on whistleblower's complaint, says report

The Securities and Exchange Board of India (SEBI) may seek clarification from Infosys' management on charges level levelled by the whistle-blower

Advertising sector watchdog ASCI upholds complaints against 229 misleading advertisements for violating guidelines

ASCI has also pulled up advertisement by a consumer durable brand endorsed by Bollywood couple Deepika Padukone and Ranveer Singh for violating its guidelines for celebrity endorsements

Kotak Mahindra Bank, Axis Bank signal stress in loan book in worst economic slowdown in years

Kotak Mahindra Bank Ltd, the nation’s third-largest lender by market value, trimmed its full-year loan growth forecast, while the sixth-biggest bank Axis Bank Ltd said its small business and small and medium enterprises categories have come under pressure due to delayed payments

RBI assures PMC Bank depositors their money is safe; account holders give ultimatum till 30 October: Report

On Tuesday, many scam-hit PMC Bank account holders staged a protest at Azad Maidan in Mumbai raising slogans and holding placards which read 'Black Diwali, Save Us' and 'Innocents are losing life

DHFL crisis set to linger on as forensic audit points to massive fund diversion; banks unlikely to lend to crippled firm

DHFL had sought a Rs 15,000-crore lifeline from the lenders as they finalise the resolution plan, which may also include picking up 51 percent equity in the company by converting their debt into equity

Attacks on Abhijit Banerjee are repulsive, but Nobel prize does not put him above legitimate critique

The news of Mumbai-born Banerjee—a Bengali who grew up in Kolkata and studied in JNU winning the coveted award (never mind his co-awardees) exploded as a mega bombshell on India’s polarised political climate

Lowering carbon footprint: Only 1 in 4 Indians will ditch air travel for greener options, finds study

About 37 percent Indians on the other hand would take the transport with a lower carbon footprint–Railways, for example — if it is at par with air travel,

Infosys whistleblower complaint: Aside from unethical practices, CEO Salil Parekh also alleged of regionalist, sexist slurs

D Sundaram, Vice Chairman & Managing Director, TVS Capital Funds Ltd; and D N Prahlad, Founder and CEO of Surya Software Systems Private Limited, ar independent directors of Infosys

Shun Malaysia, says vegetable oil trade body to palm oil buyers; unprecedented call for criticising India's Kashmir policy

This call to shut palm oil is a big blow to Malaysia, the world’s second largest producer and exporter of palm oil after Indonesia

Govt’s stringent commitment to low inflation hurting farm sector, says Nobel laureate Abhijit Banerjee

Abhijit Banerjee said disinvestment is not long-term solution for bridging fiscal deficit.