Manufacturing in India accounts for about 16% of GDP.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
About 80 per cent of the companies that are registered are essentially non-IT.
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The upgrade comes after the domestic markets scaled their lifetime highs last week.
Aam Aadmi Party swept the Delhi polls with 67 seats.
In the broader market, the S&P BSE Midcap and the S&P BSE Smallcap indices gained 0.5% and 0.4%, respectively.
UK's Cairn Energy Plc plans to bring lawsuits in the US and other countries to pierce the corporate veil between the Indian government and its owned companies such as in oil and gas, shipping, airline and banking sectors, to seize their overseas assets to recover $1.2 billion ordered by an international arbitration tribunal. The firm has moved courts in the US, UK, Canada, France, Singapore, the Netherlands and three other countries to register the December 2020 arbitration tribunal ruling that overturned the Indian government's Rs 10,247 crore demand in back taxes and ordered New Delhi to return $1.2 billion in value of shares it had sold, dividends seized and tax refunds withheld to recover the tax demand. With the government so far refusing to honour the arbitration award and instead choosing to challenge it, Cairn is looking to enforce it by seizing overseas Indian assets, Dennis Hranitzky, head of the sovereign litigation practice at Quinn Emanuel Urquhart & Sullivan, a law firm representing the company, told PTI.
In his first interview after taking over as Philips India's vice-chairman and managing director, Krishna Kumar speaks to Business Standard on how the company is readying itself for the next few decades and the increasing importance of India to Philips' global operations.
'Speechless with the tragic news of the passing of my great mate and beloved cricketing man'
The S&P BSE Midcap and the S&P BSE Smallcap indices slipped in red to shed over 1% each
"Thank you @tim_cook! Friends, welcome & happy volunteering. Your views & efforts are always enriching," Modi tweeted after meeting Cook.
'When a company goes into insolvency, by definition it means that existing shareholders have been wiped out.'
America had postponed the much-awaited dialogue due to "unavoidable reasons" last month.
A key UN climate change summit that will be attended by nearly 150 world leaders including Prime Minister Narendra Modi kicks off on Monday under the shadow of the deadly Paris terror attack to try to craft a long-term deal to limit carbon emissions.
Combined net profit up 7.4% over a year ago, versus 11.2% in Q2.
The world is home to a record number of 2,089 billionaires.
The norms will affect companies in pharma, energy, manufacturing, software sectors.
The impact for all electric two-wheelers, which are imported mostly from China, is that it will lead to price escalation that will be passed onto customers.
It's easy to say investors should focus on fundamentals but this risk can have a significant and lasting impact
Billionaire Gautam Adani-led Adani Group on Monday announced a Rs 20,000-crore investment for expanding the capacity of its Gujarat ports to 100 million tons per annum by 2020.
As with TCS, most companies put their money in mutual funds, corporate bonds and bank deposits, which are losing their appeal versus government bonds in terms of both returns and safety.
'We're 26 and every time we write a song, we try to see how we can relate it to our life's experiences or that of our friends.'
Since you can't step out, virtual sessions held by fitness experts have come to the rescue.
General Naravane's UAE and Saudi Arabia visits communicate India's long awaited arrival in the domain of integrated foreign policy where the diplomatic and the military domains both complement each other much more substantially, observes Lieutenant General Syed Ata Hasnain (retd).
Pradhan said a team of officials of state-run Indian Oil Corporation had visited Vietnam and explored some business ventures
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The Mahindra group's Igatpuri plant becomes the first in India to be declared carbon-neutral. Ashish Narsale / Rediff.com finds out how this was achieved.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Further stimulus measures are expected in the upcoming Budget where the focus is likely to be on reforms, including some structural measures such as reducing red tape and boosting foreign direct investment. The meeting with industrialists is in the series of discussions that Modi has had during the last couple of weeks to seek suggestions to revive growth.
Total net debt-equity ratio improves for third consecutive year, while investment in new projects hits a 10-year low, says Krishna Kant.
Centre plans to acquire land and then give it on lease to miners.
Top losers in the Sensex pack on Friday included Bajaj Finance, ONGC, IndusInd Bank, PowerGrid, L&T, Axis Bank, NTPC, Bharti Airtel, HDFC, HDFC Bank and Kotak Mahindra Bank, falling up to 2.08 per cent.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Prime Minister Narendra Modi on Sunday welcomed German Chancellor Angela Merkel as she arrived here on a three-day visit, saying he looked forward to strengthening the bilateral ties.
With six airports handed over to the Adani group for 50 years, the government is now all set to hand over another 25 airports to private players in a bid to 'monetise' them. Official figures reveal that since 2017-18, the government has spent and will be spending Rs 14,500 crore on significantly revamping infrastructure at most of these airports before handing them over to private players. The Airports Authority of India (AAI), which operates these airports for the government, has spent billions of rupees in building new terminal buildings, runways, reinforcing taxiways, upgrading aircraft landing systems, radars and a host of other heavy duty and capital intensive infrastructure works.
Prime Minister Narendra Modi turned 65 on Thursday, with a host of leaders across the political spectrum wishing him a healthy and long life.
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
former cricketers paid homage to the spin legend, who died on Friday after suffering a cardiac arrest in Lahore.
Prime Minister's Office wants CBI and tax dept to identify the actual beneficiaries of the transactions made in India and abroad.
