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Two major tasks for Sitharaman

rediff Business - Thu, 06/13/2019 - 19:15
First, the Insolvency and Bankruptcy Code, much-lauded as a game changer, needs serious reform. Second, some vital policy choices would need to be made as far as competition law is concerned., says Somasekhar Sundaresan.

Sebi tightens norms for credit rating agencies

rediff Business - Thu, 06/13/2019 - 19:15
Issuing guidelines for enhanced disclosures by CRAs, the watchdog has called for having a uniform Standard Operating Procedure in respect of tracking and timely recognition of default.

RIL, HDFC among 57 Indian firms on Forbes Global list

rediff Business - Thu, 06/13/2019 - 19:15
From India, Reliance Industries is the only one in the overall top-200 list and is followed by HDFC Bank at 209th, ONGC at 220th, Indian Oil at 288th and HDFC Ltd at 332nd place.

NCLT postpones hearing on Jet Airways to June 20

rediff Business - Thu, 06/13/2019 - 19:15
Currently bankers are trying to stave off bankruptcy even as media reports said Etihad Airways, which already owns 24 per cent in the airline, has teamed up with the Hindujas to buy the airline.

Inflation rises to 7-month high; IIP grows at 3.4%

rediff Business - Thu, 06/13/2019 - 19:15
According to the Central Statistics Office data, the jump in the retail inflation based on Consumer Price Index was mainly due to rise in prices of kitchen items like vegetables, meat and fish.

India must open up more, Pompeo says ahead of visit

rediff Business - Thu, 06/13/2019 - 19:15
"As Prime Minister (Narendra) Modi said in his latest campaign, 'Modi hai to mumkin hai,' or 'Modi makes it possible', I'm looking forward to exploring what's possible between our people," Pompeo said in his major India policy speech at the India Ideas Summit of US-India Business Council on Wednesday.

Hindujas want to steer clear of Jet's past

rediff Business - Thu, 06/13/2019 - 19:15
Among the other conditions of the Hinduja group for picking up a stake in Jet is that bankers must take a haircut of 80 per cent and that they should help negotiate with operational creditors like aircraft lessors for moratorium on certain immediate payments.

Cairn CEO suggests easing of rules, levy to raise investment and output

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 19:01
Cairn, oil and gas arm of the Vedanta group, is producing at a cost of close to $8 a barrel

Ola to hire more than 150 engineers for Silicon Valley technology centre

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 18:55
The proposed centre will focus on research into areas from electric cars to autonomous vehicles and artificial intelligence, the company said

TCS spend on staff justified, says Tata Sons chairman N Chandrasekaran

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 18:35
Chandrasekaran said sometimes specialist skills don't depend on the qualifications but on the employee's experience

ITC chairman Sanjiv Puri's remuneration rises 52% to Rs 6.16 crore

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 18:29
Sanjiv took over as the company's leader in after the death of Y C Deveshwar, ITC's legendary chairman.

Amazon Flex to induct part-time delivery partners, scale up its operations

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 18:26
Bringing in the concept of hourly wages, which is more prevalent in the US and some other countries, Amazon would be paying between Rs 120 and Rs 140 to these riders

Gulf of Oman tanker blasts: Crews rescued safely

BBC News - Business - Thu, 06/13/2019 - 18:11
The blasts on two ships come a month after four tankers were attacked with mines off the UAE.

Uber launches Bajaj Qute in new UberXS category for affordable commuting

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 18:08
The chunky, low-powered vehicles, made by Bajaj Auto Ltd , are billed as a greener alternative to ordinary cars

Vodafone suffers faults across Europe

BBC News - Business - Thu, 06/13/2019 - 17:57
Users have been unable to use mobile and fixed-line broadband services.

SoftBank in talks to invest $70 million in Indian e-pharmacy Medlife

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 17:56
Medlife, which claims it made Rs 1,000 crore in sales in FY19, is the biggest player in the category, more than five times the size of 1mg and PharmEasy

Facebook makes first start-up investment in India, picks up stake in Meesho

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 17:26
Facebook picks up minority stake in Bengaluru-based Meesho for an undisclosed sum

Probe alleges 22 audit violations by Deloitte, KPMG arm in IL&FS unit

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 16:51
Auditors deny charges as probe says they 'miserably failed to fulfill the duty entrusted to them'

RBS report branded 'whitewash' by MPs

BBC News - Business - Thu, 06/13/2019 - 16:38
The financial watchdog failed to properly investigate the business restructuring unit of RBS, MPs say.

Indian pharma industry likely to grow by 11% to $41.9 bn in FY20: Report

Admiral Quixote's Roundtable - Thu, 06/13/2019 - 16:33
The industry is expected to grow at around 12 per cent and reach $20.4-$20.8 billion in the domestic market

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