India's biggest firm, Reliance Industries, has decided to cut salaries by 10 per cent in its oil and refining divisions. Several smaller companies like Kajaria Ceramics have followed suit with cuts as high as 40 per cent for those earning more than Rs 50 lakh.
Reflecting substantial financial stress, diversified Jaypee Group companies have defaulted on loans and other payments worth Rs 4,460 crore (Rs 44.60 billion).
The brokerage said it expected corporate earnings to turn around.
In the past two months alone, four companies have garnered a cumulative Rs 22,400 crore via this route.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
While fuel costs have risen 20%, prices of finished output have fallen
Chelsea playmaker Eden Hazard says it "would be a dream" to play under French great and current Real Madrid manager Zinedine Zidane in the future.
Mukesh Ambani has got company of at least 29 fellow corporate executives, including four from his own group Reliance Industries, in terms of annual salaries running into crores of rupees for the latest fiscal.
The delay will increase the provisioning burden on lenders and will also postpone the benefit of reversal of money set aside as provisions.
Benchmark share indices ended flat amid lack of investor participation even as gains in IT majors ahead of their second quarter earnings helped capped downside.
Rs 25 lakh can make sure that the medal will bear individual or corporate donor's name for 10 yrs.
Indian boxer Vikas Krishan Yadav is setting his eyes on a gold medal in the third Olympics of his life in Tokyo
Booked between 2007 and 2011, out of the total 32,700 residential units under various Jaypee Infratech (JIL) projects, at least 20,000 homes are yet to be delivered. Supreme Court documents show that, till last March, Jaypee had issued 7,997 offers of possession to homebuyers while executing only 6,530 sub-lease deeds. These deeds offer homebuyers possession rights but, unlike registration, does not guarantee absolute ownership.
The board would take a decision on these applications on February 20.
Gains were led by HUL on better-than-expected margins in March quarter and capital goods shares.
Aided by the new initiatives of the government, there has been a huge drop in imports
CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.
A bleak demand outlook for steel in the domestic as well as global market is also another reason Tata Steel may be looking to have additional liquidity as margins are expected to take a hit in the coming quarters.
Tata Sons has moved the Supreme Court against an estimated Rs 300-crore (Rs 3-billion) sales tax demand from the Maharashtra state government.
They are snapping up ore and coal abroad, as their availability is stuck at home.
In his new role, Ganguly will work closely with the team's head coach Ricky Ponting.
Reliance Infra claims the run by the market operator has caused a loss of Rs. 300,000 crore to infrastructure stocks.
Those involved in the discussions say the guidelines for selection of bidders in insolvency cases need to be transparent, otherwise anyone who loses out could take legal recourse, leading to wastage of time and derailing the whole process.
Seeking stringent action against the perpetrators of the Pulwama attack, India Inc said 'now we have to make sure that the world knows that they can't mess with us'.
"Some of the tariffs (rates) at which agreements were signed in 2007 are unrealistic. If you compare those to PPAs signed in 2010, there is a difference of around 50p to Rs 1 (a unit). Companies are looking at the difference and a lot more are likely to try it (renege)," said a power sector analyst.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
With a 4-5 per cent rise in steel prices on January 1, cars and consumer durables are set to get dearer.
Yuan's fall would worsen India's trade deficit with China.
Of the 32 students, 28 self-sponsored students were successfully placed in manufacturing companies like Crompton, McNallyBharat, Cummins, Hewlett-Packard, JSW, VNL (Gurgaon), TVS Motor, PricewaterhouseCoopers, Ashok Leyland, Vedanta and Adani Power, among others.
Bharti Airtel Chairman Sunil Bharti Mittal said India has lost one of the finest political leaders and a legal luminary.
Analysts said even though the Indian economy is expected to slow down to 7.2 per cent in fiscal 2020, it is still the best bet for investment for foreign investors.
India's steel imports from China, the world's biggest producer of the alloy, doubled in April-September from a year ago though the country has enough capacity to meet its demand.
With average capacity utilisation now touching 76 per cent, Indian companies are going back to the drawing board to add capacity but the plans to build new factories and plants are still some months away.
It would pave the way for Jammu and Kashmir to attract large-scale investments, the industry leaders said.
Long-term investors should consider moving into smaller stocks. Rather than try to pick stocks, it makes sense to build a diversified portfolio by exposure across midcap and small caps funds, suggests Devangshu Datta.
A little over a year before, when the Hajigak iron ore deposit was put up for grabs, at least five companies - Essar Minerals, JSW Steel, Rashtriya Ispat Nigam, Sesa Goa and Ispat Industries - had evinced interest.
ArcelorMittal, Anglo Australian major Rio Tinto, Hyderabad-based GVK Power & Infrastructure, Essar Mineral Resources and JSW Steel are among 10 prominent corporations in a shortlist to develop 18 abandoned coal mines owned by state-owned Coal India Ltd and its eight subsidiaries.
In what could hit trading on Power Exchange of India Ltd, the Forward Markets Commission has warned it to cease trading in contracts beyond 11 days of payment and delivery. The FMC has also advised traders to desist from trading such contracts on PXIL.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Flat steel producers -- SAIL, Tata Steel, Essar, Bhushan Steel and JSW -- have increased prices up to Rs 2,000 a tonne on the back of rising demand.
