BSE Midcap and BSE Smallcap indices settled the day 0.7% and 0.9% higher
Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
Experts say the impact is limited to investors and potential employees and may ease out in the next few months
'For all of us at Amazon, it is 'Bharat first'.' 'We are keeping the Indian customer at the centre of what we are doing.'
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
Thirteen companies have joined the Rs 1-trillion-plus market capitalisation club this year, so far. This even as the benchmark Sensex has gained less than 3 per cent on a year-to-date basis, underscoring the bullish undercurrent in the broader market. The trend shows a harsh second wave of Covid-19, subsequent lockdowns, and hit to the economic activity has made little dent into India Inc or shareholders' wealth. At the start of the year, there were 29 companies with a market value of more than Rs 1 trillion.
Kejriwal runs his party with the proverbial iron fist and has learnt to temper his aggression, say people close to him.
A paralytic father and a mother who has been rendered jobless due to the coronavirus lockdown has forced promising Nagpur-based athlete Prajakta Godbole to fight extreme hunger with fear of unknown -- from where will the next meal be arranged. The 24-year-old Prajakta, who resides with her parents in a Siraspeth slum in Nagpur, represented Indian Universities in the 5000m race at the World University Games in Italy in 2019. She clocked 18:23.92 and could not qualify for the final round.
Here are some interesting facts you may not know about the AAP chief.
Ratan Tata was the first one to realise that Indian companies had become a prisoner to tradition and needed to radically innovate.
The rise in India Inc's market value was led by asset-light firms.
For the AI bid, Interups has joined hands with a few employees of the airline, and plans to raise funds by splitting some of its infrastructure-related assets into an aviation InvIT, which will have underlying assets such as air routes, ground handling, repairs, and training etc.
The 30-share Sensex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.
Mukherjee, a two-time Lok Sabha MP from his father's pocket borough of Jangipur, said he joined the Mamata Banerjee-led party because she has taken a strong stand on this issue.
The Sensex took just five trading sessions to surpass the 36,000-level milestone, from 35,000.
India's chief national badminton coach Pullela Gopichand on Friday admitted that it was tough for him to manage two of his illustrious wards Saina Nehwal and PV Sindhu together, saying he could never pick a favourite between the two. Gopichand said he always saw the duo as his kids and felt bitter when Saina left his academy to join Prakash Padukone's academy.
With the two teams arriving in Kolkata in the next 48 hours, all roads in the 'City of Joy' lead to the Eden.
Six players -- Dubov, Nakamura, Aronian, Carlsen, Radjabov and So -- share the lead with 4.5 points after eight rounds.
Arvind Kejriwal, engineer, civil servant and Delhi's man with a development agenda, is the David who slayed the government's Goliath.
Markets end almost flat, bluechips in focus.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
Summary of sports events and persons who made news on Saturday
Stellar rally in ITC shares along with strength in the Asian equities capped the downside.
ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
The broader NSE Nifty scaled a high of 10,856.55 before closing up by 55.90 points, or 0.52 per cent
Mass agitations are not particularly uncommon in India. But a mass agitation led by an environment-related issue that has gone out of hand is not something that can be easily recalled.
The ISL 2017 witnessed a spike of over 103 per cent in domestic players' salary as compared to the inaugural year, as the 10 clubs together spent Rs 48.85 crore on Sunday to secure signatures of 156 players in the player draft in Mumbai.
India's banks are propping up too many weak producers.
Every blade of grass and grain of sand in Mehrangir has a story to tell: The story of how one of the greatest sons of India lived here, planned and executed from here a technological and scientific enterprise which became the envy of the world. The government must save Mehrangir for future generations, says Dr K S Parthasarathy.
Top gainers among the S&P BSE Sensex include GAIL, Dr Reddy's Laboratories and Bharti Airtel, all edging up by 1% in late morning deals
Viswanathan Anand's woes in the Grenke Chess Classic continued as the five times world champion blundered yet again and went down to Levon Aornian of Armenia in the fifth round that concluded in Baden-Baden in Germany.
With the dizzying rise in the number of Covid-19 cases in the country, India Inc has transitioned from a wait-and-watch policy to full-on emergency mode, bringing back remote and flexi work, stringent safety protocols, and allowing only essential travel. Companies - especially in metros like Delhi, Mumbai and Kolkata - that had adopted a hybrid work model during the last few months when the caseload remained low, are either switching back entirely to work-from-home (WFH), or calling skeletal staff to office on select days. Take the case of cigarettes-to-hotels major, ITC, which had been on a hybrid work model over the last few months.
The benchmark BSE Sensex reclaimed the 28,000 mark, spurting by 409 points or 1.4% at 28,114 and Nifty settled above the 8,500 mark at 8,532, gains of 111 points.
After touching a fresh all-time low against the US dollar on Thursday, the rupee jumped 27 paise to end at 68.46.
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Bankers seem to be pleased with the government for keeping its promise of not interfering in operational matters, but are apprehensive about the intense scrutiny of their functioning.
News of all that's transpired on and off the football field on Saturday
The BJP odeployed all its big guns -- from Prime Minister Narendra Modi to party chief Amit Shah
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