Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
It is not the first time the history of the Godrej family is being written. In its centenary year in 1997, film journalist and former editor of Filmfare and Screen B K Karanjia had, at the behest of the industrial family, penned a voluminous two-part history, tracing their trials and tribulations since 1897. So, what made the family want to tell its story again 25 years later? And not through another book, but through a completely different medium?
Lending his support to the ongoing farmers protests, he said in Lok Sabha that it was not an agitation of the farmers only but a movement of the country and the government will have to repeal the laws.
The Opposition alleged that without any provocation from the Opposition, "outsiders who were not part of Parliament security were brought in to manhandle the Opposition leaders and members, including women Parliamentarians who were only protesting against the Government's conduct, highhandedness and muzzling of the voice".
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Together, the top 10 business groups reported a pre-tax loss of Rs 19,342 crore during the January-March 2020 quarter, as against a profit before tax of around Rs 48,500 crore in the year-ago period and Rs 39,600 crore during the December quarter. While Vedanta was the worst hit. others included Aditya Birla, Bharti, Adani, Mahindra, and Tata.
The proceedings of Lok Sabha and Rajya Sabha were adjourned for the day on Tuesday amid continuous protests by opposition members over the Pegasus snooping row and farm laws, as they demanded that discussions be taken up on the issues in the House.
The possible acquisition of Holcim India business will be one of the biggest inbound corporate deals in the country. Currently, Walmart Inc.'s $16-billion acquisition of Flipkart Online Services in 2018 remains the biggest acquisition of an Indian asset by any acquirer, followed by BP plc acquisition of 30 per cent stake in Reliance Industries' 23 oil and gas production blocks in 2011 for $7.2 billion. Bloomberg reported late on Wednesday night that Holcim - the world's biggest cement maker - is considering a potential sale of its India business and gauging interest in its controlling stake in Ambuja Cement.
The ongoing session is scheduled to conclude on July 26, but the sources said the government was mulling to extend it till August 2 to ensure passage of all the bills listed for business.
The Lok Sabha on Wednesday passed a bill to regulate and supervise assisted reproductive technology clinics, with various members urging the government not to exclude single parents and the LGBTQ community from using this procedure.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Parliamentarians and legislators across the country voted on Monday to elect India's 15th president, choosing between opposition pick Yashwant Sinha and National Democratic Alliance nominee Droupadi Murmu who is favoured to win the battle to the Rashtrapati Bhavan.
Opposition parties on Thursday launched a vociferous attack on the Centre over its handling of the farmers' agitation, callings its dialogues with the protestors 'monologues', even as the ruling Bharatiya Janata Party defended the new laws asserting that its government is committed to the welfare of peasants and increase their incomes.
As the Hindu Mahasabha shockingly threatens to celebrate the death anniversary of the man who murdered the Mahatma, we need to remember Mohandas Karamchand Gandhi and the ideals he stood for. In this exclusive excerpt from Shobha Warrier's new book, His Days With Bapu: Mahatma Gandhi's Personal Secretary Recalls, V Kalyanam, the Mahatma's personal secretary from 1944 until January 30, 1948, recalls his murder in cold blood.
Lok Janshakti Party leader Chirag Paswan on Thursday rejected his uncle Pashupati Kumar Paras's election as the party president, saying the meeting organised in Patna was 'unconstitutional' and lacked even minimum attendance of its national executive members.
These trusts are being registered under a new framework.
The world is full of family businesses that withered away with the passing of generations, creating much bitterness and ill will. Entire clans that used to be household names have become pale shadows of their once-mighty empires.
Experts say the impact on the schemes' NAVs may vary in the coming days, depending upon how fund houses treat the developments on VIL and whether there are any further rating downgrades or credit events.
It was perhaps for the first time that any parliamentary panel deliberated on a film before it had been approved by the censor board.
With 200 MPs out of 785 above the age of 65, there is a serious shadow of COVID-19 looming over the monsoon session Of Parliament.
The project shows a lack of respect for history, even if an inalienable part of it is colonial history, asserts T N Ninan.
Birla conveyed to the head of the European Union's legislative body that it was inappropriate for one legislature to pass judgements on another and the practice could be misused by vested interests.
Amid the coronavirus outbreak, various states have announced partial or complete lockdown and also there is increased focus on social distancing to curb the spread of the deadly virus which has infected over 400 people in the country.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Singh said in a statement in the Lok Sabha that all efforts were being made to save IAF Group Captain Varun Singh, the lone survivor of the crash near Coonoor in Tamil Nadu on Wednesday, who was on life support at the military hospital in Wellington.
While Nifty 50 reflects changes in 40 years, it also shows what is missing: Low-cost manufacturers at one end, and deep-value players at the other. Also missing are technology players, observes T N Ninan.
For the first time, large display screens and consoles for participation from galleries, ultraviolet germicidal irradiation, special cables between the two Houses and polycarbonate separators will be in place.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Besides Birla, a number of top industrial houses in the country are facing some probe or the other, ranging from bribery to illegal mining to insider trading.
While the amount collected is a tad lower than last two years, it may surpass the previous two years' collections by the end of the year.
The Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund was established in March last year with the primary objective to deal with any kind of emergency situation like the one currently posed by the COVID-19 outbreak and provide relief to those affected.
Speaker Om Birla he will hold a meeting with leaders of all parties and then take a decision.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Paras, who was sworn in as a Cabinet Minister on Wednesday in the Narendra Modi-led government and made the Minister of Food Processing Industries, asked Chirag Paswan to do "self-introspection" about his mistakes.
Opposition leaders also raised the issue of MPs not being allowed to visit Jammu and Kashmir after abrogation of its special status, whereas parliamentarians from Europe have been taken to the state, with Congress leader Adhir Ranjan Chowdhury describing the EU delegation as 'bhade ke tattu' (hirelings).
Lok Janshakti Party leader Chirag Paswan on Wednesday blamed Janata Dal-United for engineering the split in his party and rejected the decisions taken by the faction headed by his uncle Pashupati Kumar Paras, saying the party's constitution does not authorise them any such power.
The SP leader had created a controversy after he made objectionable remarks against Rama Devi when she was presiding over the debate on the triple talaq bill this Thursday in the Lok Sabha.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
HDFC MF witnessed 17% rise in investment in its schemes to Rs 6,462 crore by group companies during May.
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