Re-rating of Bharat Petroleum Corporation, Container Corporation, Shipping Corporation, SAIL, and Hindustan Copper, for which the government has already shown intent to divest its stake, possible now, say analysts.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow
Telecom Minister Kapil Sibal was on Saturday given additional charge of the law ministry while Road and Transport Minister C P Joshi was entrusted with the charge of the railways ministry, following the resignation of Ashwani Kumar and Pawan Bansal on Friday.
The former party donated Rs 54,000 between April 1, 2019, and March 31, 2020.
Twenty years after India's insurance sector was opened up, unshackling the control of state-owned companies, as many as 50 private players have set up shop. Along with their foreign partners, private players have brought about a sea change in the product offering, distribution and underwriting processes, and services levels. Yet, India's insurance penetration needle has not moved much.
The SC sought a status report from the Centre by Tuesday on the measures taken in view of the large-scale migration of labourers from cities
Death row convicts are asked about their last wish before hanging.
Technology start-ups that got listed in the last few quarters reported a hit to their December-quarter (Q3FY22) profitability due to higher marketing and employee costs. While fintech firms Paytm and PB Fintech saw their losses widen by 45 per cent year-on-year (YoY) to Rs 778 crore and 55 per cent to Rs 295 crore, respectively, food delivery company Zomato remained in the red despite narrowing its net loss by 81 per cent to Rs 66 crore. Meanwhile, online fashion and beauty products seller Nykaa saw its net profit drop 59 per cent to Rs 28 crore in Q3FY22.
So what's up? Why are so many promoters heading for the door? It cannot be that all of them lost their appetite for a good fight at the same time.And if Naresh Goyal of Jet Airways and Subhash Chandra of Zee Entertainment do bow out, will it be seen as chickening out when the going got tough or the entrepreneurial instinct of surviving to fight another battle waned, wonders Shailesh Dobhal.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
Snapdeal to spend $1 billion on 5-6 acquisitions this year.
Indian Premier League franchise Gujarat Lions on Friday appointed former Indian middle-order batsman Mohammad Kaif as its assistant coach for the upcoming season starting April 5.
These top level changes have come soon after Flipkart co-founder and Group CEO Binny Bansal resigned over allegations of serious personal misconduct in November.
The arrest of Railway Minister Pawan Kumar Bansal's nephew accepting a bribe of Rs 90 lakh has just added to Prime Minister Manmohan Singh's woes. Sheela Bhatt profiles the bribe-giver
With Katrina Kaif as brand ambassador, will Lenskart be able to steer customers away from local opticians and keep them loyal?
Prime Minister Narendra Modi had announced the policy last month.
"The way my papa (Dharmendra) worked with and supported Atal ji (Atal Bihari Vajpayee), I am here today to work with and support Modi ji. My work will do the talking," Sunny said after joining the BJP in the presence of Defence Minister Nirmala Sitharaman and Minister for Railways and Coal Piyush Goyal.
India can potentially have 40 million 5G users in the first year when the next-generation service is made available to them, a report released by telecom company Ericsson said on Wednesday. According to Ericsson ConsumerLab report, consumers have shown willingness to pay 50 per cent more for 5G plans bundled with digital services while they want to pay only 10 per cent more for just 5G connectivity. The data collected from 26 countries in December 2020 for the report shows that consumers across several markets are willing to pay 20-30 per cent more on an average for 5G plans bundled with digital service use cases.
'There were any number of Congress leaders who disliked Sonia Gandhi, but they were very close to Ahmed Bhai and he would listen, and give a shoulder to cry upon.'
It comes a day after party chief Sonia Gandhi proposed, at a meeting of the Congress Working Committee, the formation of a group to assess the party's losses in Kerala, Assam, West Bengal and Puducherry.
The Enforcement Directorate on Thursday questioned Congress chief Sonia Gandhi in a money laundering case related to the National Herald newspaper and summoned her for a second round of questioning in the case on July 25.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
Flipkart, Jabong-Myntra and PhonePe will operate under this group structure and their CEOs will report to Binny
Congress leader Rahul Gandhi appeared before the Enforcement Directorate (ED) on Wednesday for the third consecutive day of questioning in the National Herald money laundering case, with the agency seeking answers on decisions taken with regard to the media organisation and its owner Young Indian.
The new railway minister's biggest contribution would be to allow the technocrats in the Indian Railways to function freely.
Congress leader Rahul Gandhi was questioned for over eight hours by the Enforcement Directorate for the second consecutive day in the National Herald money-laundering probe and was again summoned on Wednesday, even as the opposition party continued its protests and sparred with the BJP, accusing it of conspiring to defame the Gandhi family through the ''false'' case.
A number of Congress workers were accompanying Gandhi from Punjab's Patiala district, but the procession was stopped on the highway near Teokar village on Pehowa border for an hour. Before Gandhi arrived at the Punjab-Haryana border, senior Haryana police officials at the spot told reporters that they would not allow more than 100 people to gather at one place as per the guidelines in place due to the COVID-19 restrictions.
'Capital punishments have rarely acted as a deterrent. What we need to do is to make our society, our workplaces, our streets safe for women'
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
'Come, join this army. This is not an army of hatred, this is not an army of violence, this is an army of truth and this is an army that will defend the idea of India'
'IIT-Bombay is the most preferred institute for education in technology.' 'The environment is very good and I will be a good student and a better asset for the nation.'
The results of National Eligibility Cum Entrance Test (NEET) 2019 were declared Wednesday, June 5, 2019.
The eyewear market in India is worth $3 billion.
Congress leader Rahul Gandhi was questioned for over 10 hours by the Enforcement Directorate in a money-laundering probe linked to the National Herald newspaper and was called to depose again on Tuesday, as his party protested across the country, alleging that the Centre was targeting the Opposition by misusing agencies.
Mall owners have incurred a loss of around Rs 3,000 crore during the ongoing second wave of the COVID-19 pandemic over the last eight weeks due to lockdowns and restrictions imposed by various states across the country. In the wake of the second pandemic wave, around 25 per cent of the business of the retail side across categories has been lost and this is going to impact the mall owners as well, according to Shopping Centres Association of India (SCAI) Chairman Mukesh Kumar. However, mall owners would go ahead and complete their under-construction projects as they anticipate demands for commercial and office space once the pandemic recedes, the SCAI said.
BJP's national general secretary (organisation) B L Santhosh and Uttar Pradesh in-charge Radha Mohan Singh on Monday held meetings with the top state leaders and Rashtriya Swayamsevak Sangh office-bearers here to review the party's programmes in the politically crucial state where assembly polls are due next year.
In an online chat with Get Ahead readers on March 28, career counsellor and head of PurpleLeap Amit Bansal answered queries on dos and don'ts of writing CVs and offered advice to young graduates on how they can become more employable.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
While using the family to save tax is legal and smart, ensure you use the ones where clubbing income laws isn't a concern, advises Bindisha Sarang.
