Chairman A M Naik said H2 of 2020-21 will herald better economic and business activity in terms of tendering, good liquidity, as well as revival of labour and supply chains.
With a robust outlook for mineral-led growth in India, Anil Agarwal-led Vedanta Limited is looking to invest up to $20 billion across its businesses, which includes doubling of silver production and steel capacities. In a virtual press conference had last month, Agarwal said the company planned a capex of $5 billion over a period of three years. The company has not given a timeline for $20-billion investment.
The rumour verification process would now be triggered by changes in price or 'material price movements', as the paper defines it. What this means is that companies would need to verify rumours only if the share price moves significantly.
India, along with some other members, objected to the proposal and due to lack of consensus or concurrence, the meet has been cancelled.
Enthused by the high 8.4 per cent growth in the second quarter, the Reserve Bank of India on Wednesday revised upwards the economic growth for 2003-04 at 7 per cent.
President A P J Abdul Kalam on Wednesday asked the industry to encourage entrepreneurship to achieve an economic growth of 10 per cent and help eliminate poverty in the country.
The BWF said that it was also looking at options to host its annual general meeting and members' forum which were due to take place in Aarhus in August.
Top Muslim body Jamiat Ulama-i-Hind (JuH) on Thursday passed a resolution stating that Kashmir is an 'integral part' of the country and said the welfare of the people in the valley lies in their integration with India.
Prof Ratnakar Shetty was elected joint secretary.
Jagmohan Dalmiya, who will be going for his third term, is unlikely to face any challenge.
Bajaj Auto Ltd has no plan to offer the Japanese company Kawasaki an equity stake in Bajaj Auto or any of its subsidiaries, Rahul Bajaj, chairman and managing director of the company, said in Pune on Saturday.
The Marylebone Cricket Club (MCC) on Wednesday announced its decision to recommend former Sri Lanka captain Kumar Sangakkara for a second term as president due to the disruptions caused by the coronavirus pandemic. The former wicketkeeper-batsman had became the first non-British President of the club after he assumed office on October 1 last year.
Internet services provider Sify Ltd plans to seek shareholder approval to convert 3.6 to 4.6 million shares into American Depository Shares, it said in a filing with the US Securities and Exchange Commission.
Shareholders feel Cyrus Mistry is slowly slipping into Ratan Tata's shoes
Skipper Mahendra Singh Dhoni was hurt while batting in the nets at the WACA ahead of India's cricket World Cup league match against the United Arab Emirates on Saturday.
The papers noted that the 5G network is built on easily accessible and open Internet protocols and it inherits all the vulnerabilities of previous generations which make it vulnerable to cyber-attacks and compromising the security of the entire system.
A crammed international calendar in three formats of the game and the added strain of playing in biosecure bubbles during the COVID-19 pandemic have pushed players like Trent Boult to breaking point.
Capital expenditure (capex) by 54 large central public sector enterprises (CPSEs) and five departmental arms with an annual capex target of Rs 100 crore and above has reached around 42.5 per cent of their annual target of about Rs 7.33 trillion in this financial year so far, a senior official from the Ministry of Finance told Business Standard. "The Centre is pushing the big public undertakings in the infrastructure and refinery sector to achieve 90 per cent of their target by the end of the third quarter," he said. The capex by this group of CPSEs stands at around Rs 3.1 trillion in the April-August period so far.
Infosys chairman Nandan Nilekani voluntarily chose not to receive any remuneration for his services.
ITC highlighted that legal cigarettes account for 9 per cent of tobacco consumption in India, but 80 per cent of tax collection is from tobacco products. While illicit cigarettes account for roughly one-third of the market share, legal cigarette volumes have recovered to around 96 per cent of peak FY13 volumes, after dipping to 70 per cent in FY21.
'The ICC have also expressed some concerns (about the running of CSA) and we believe our decision is warranted, and that it will be embraced by the ICC.'
Dwaipayan Bose simplifies the whys and hows of revisiting your financial goals
Batting legend V V S Laxman said Indian cricket will undoubtedly continue to prosper under former skipper Sourav Ganguly, who is set to take over as the president of BCCI.
The Board of Control for Cricket in India, on Tuesday, decided to hold its much-delayed Annual General Meeting on December 17 even as it stood firmly behind embattled president-in-exile N Srinivasan after he was cleared of IPL fixing charges by the Supreme Court-appointed probe committee.
BCCI has sent a 23-point agenda to all affiliated units 21 days prior to the holding of the AGM.
Gold is an excellent asset class for diversification and should be included in all long-term portfolios.
This election will be remembered for being the first election where the Election Commission failed to take action on gross violations involving the ruling party that repeatedly used religion, communal slurs, lies and undocumented allegations, observes Ramesh Menon.
The higher dividend will help Tata Trusts, which owns 67 per cent stake in Tata Sons, to invest in its charitable activities. The total dividend outgo will be Rs 404 crore.
Institutional shareholders of Reliance Industries Limited (RIL) are expecting big-ticket announcements from the company, including timeline for listing of its telecom and retail subsidiaries. They expect this to unlock value in the company, which has seen a sharp fall in market valuation on Friday. This is due to windfall tax imposed by the Centre on refiners and oil producers.
High drama was witnessed at the Board of Control for Cricket in India's crucial Working Committee meeting in Kolkata on Friday over the presence of Narayanswami Srinivasan, prompting president Jagmohan Dalmiya to adjourn it sine die over lack of legal clarity on the sidelined former chief's status.
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
AFI President Adille Sumariwalla raised the possibility of more athletes outside the national camp taking to banned drugs and laid a lot of blame on the district and state level coaches.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
The solution worked out by the members is to convene a Working Committee meeting on September 26. With this, the AGM is unlikely to be held on the scheduled date of September 30 as the rules demand for a three-week gap between the two meetings.
Singapore-based e-commerce platform Shopee - that launched in India only in December 2021 - has decided to close operations in the country. The official reason given by Shopee, which is controlled by NYSE-listed Sea Ltd, is changing global sentiments. In a statement, it said, "In view of the global market uncertainties, we have decided to close risks of our early-stage Shopee India initiative." The e-commerce platform has been hit by growing opposition from trade associations led by Praveen Khandelwal as well as homegrown social commerce start-ups.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances