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Economy News - The latest economic news and analysis

BSR & Associates quits as IL&FS Engineering's auditor

IL&FS Engineering in a regulatory filing on July 15 said, the company received the resignation letter from the audit firm.

Emami Realty offers first of its kind assured rental scheme to prospective buyers

According to the assured rental scheme, a buyer starts getting rent from Emami Realty while staying in the apartment.

IIM Amritsar: Nagarajan Ramamoorthy assume charge as the first full time director

Professor Ramamoorthy has taught at University of Maryland, Marymount University, and the University of Houston-Victoria, according to a release shared by the institute.

Puravankara buys 25 acre from Unitech for Rs 200 cr

Puravankara has already acquired land in Bengaluru, Mumbai, Pune and Hyderabad to expand its commercial portfolio.

Gera Developments buys 22-acre land parcel in Pune for Rs 180 crore

Gera Developments is currently in advanced talks with HDFC Capital Advisors, a wholly-owned subsidiary of India’s largest mortgage lender HDFC, to invest about Rs 100 crore in this project.

To keep discounts in play, Flipkart writes a sop story

Etailer incentivises sellers to pass on additional discounts to ‘loyal’ customers on Flipkart Plus.

Deloitte, KPMG firms get time till Friday to argue against ban plea

Govt had moved NCLT on June 10, seeking the ban on Deloitte Haskins & Sells, a part of Deloitte, and KPMG India affiliate BSR & Associates.

Indian real estate developers at risk as credit dries up

Developers are at risk of going belly-up as mounting stress in the nation’s credit market has dried up funding.

AICTE not to allow low employment potential disciplines from 2020-21

In a bid to bridge the gap between industry requirements and courses imparted at engineering institutes, the AICTE has initiated several steps, including compulsory internship for students.

Skill development ministry's flagship scheme to focus on new age skills

The government plans to put in place structures and incentives that would enable skilling in new age technologies across sectors under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).

Enforcement Directorate to examine alleged Rs 1,600 crore siphoning by Unitech promoters

After the SC appointed auditor Grant Thornton highlighted grave irregularities in its preliminary report, the forex enforcement agency has zeroed in on this case.

Brands find a backdoor to advertise on WhatsApp

Companies are hoping to make their presence felt through branded GIFs and stickers on WhatsApp.

CCI calls meeting with restaurants’ body, EY to discuss ecommerce policy

The objective is to understand issues and trends in the context of growing ecommerce activities.

India says Deloitte is misreading law in challenging government's call for ban

Deloitte is contesting India's ban on the auditor for its alleged involvement in a financial fraud.

Thomas Cook refutes allegations of a forex enquiry

"Thomas Cook (India) is an authorised foreign exchange dealer (under the RBI AD II licence) and is hence strictly compliant with the rules of the Reserve Bank of India and the laws of the land," it added.

Sarovar Hotels to add 16 properties across India by 2019-end

The company currently manages 73 hotels in India and three overseas with around 6,000 rooms.

India's higher education student-teacher ratio lower than Brazil, China

Among the eight countries compared, India's student-ratio has turned out to be the lowest - against Sweden's 12:1, Britain's 16:1, Russia's 10:1 and Canada's 9:1.

How women are sidelined in India's e-commerce growth

India’s internet commerce is seeing explosive growth. But that growth has been mostly driven by what men want, with little less focus on the requirements of women

Steep discounts by e-commerce platforms adversely affect sales by direct sellers: IDSA

The Delhi HC had ruled earlier week that e-commerce platforms including Amazon, Flipkart and Snapdeal cannot sell products owned by direct selling companies online without authorisation of the companies.

4,800 MBBS seats reserved for economically weaker students

Union Minister Harsh Vardhan said new medical colleges are being established in under-served districts

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