Veterans in the travel industry, a well-known corporate lawyer, and a marquee US-based hedge fund have backed the upcoming low-cost airline Akasa Air. Founded by former Jet Airways chief executive officer (CEO) Vinay Dube, the venture counts ace stock trader and investor Rakesh Jhunjhunwala as its biggest financial backer with an investment of around Rs 300 crore. A person with knowledge of the development said most of the people were well known to Jhunjhunwala and Dube, who approached them during the conception stage.
Economists want the government to focus on jobs, farms, and fiscal consolidation. They also favour re-imposition of the long-term capital gains tax on listed securities and mutual funds.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
One thing has remained constant through the Indian economy in the last seven decades: the dominance of family-owned businesses. Krishna Kant reports.
In a letter to the prime minister, Tharoor said the country was at a "critical stage" in its campaign against the virus and expert-level groups such as the Indian Council of Medical Research have pointed out that efforts must be targeted at preventing the third phase of transmission of this virus.
Live commerce, quick commerce, group buying, WhatsApp commerce, dukaantech have made their mark.
To avoid season pricing, keep a close eye on the calendar and begin planning travel at least 60 to 90 days in advance keeping tentative dates in mind.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
India will share the development story of Co-WIN, the digital platform that helped it launch and implement a nationwide COVID-19 vaccination programme, with more than 20 countries that have shown interest in adopting the portal to run their own inoculation drives.
To land a job in a competitive field, graduates must go beyond the obvious and prepare extensively, adbises Vijay Gupta, director-global human resources, Rahi Sytems, a global IT services and solutions company.
There are many who see a potential drop in interest by brands this year given that election news tends to cut into sports viewership.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
By framing the right question, Satya Nadella directed his team's attention to searching for the right answer, which opened up a treasure trove of new business opportunities, which would have remained undiscovered but for framing the right question.
Retention of Murthy within the promoter group was crucial for Infosys as the company believed the promoters' relationship would help the company in difficult times.
Not a single Indian cricketer featured in the ICC Women's World Cup team of the tournament even as players from Australia and England dominated the list announced in Mumbai on Monday.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Veteran social activist Anna Hazare on Saturday stated that his movement had not been disrupted because of the split with India Against Corruption chief Arvind Kejriwal.
Nikunj Saraf, Vice President Choice Wealth, answers your mutual fund queries.
Kerala will be one of those places where the line between tourism, a land, a people and their way of life will blur. It won't be tourism; it will be a visit to experience Kerala.
From MRF to Shree Cement: 23 companies which delivered 30% CAGR in 15 years.
IT major nears $100 bn m-cap, accounts for 61% of the group's combined valuation.
Mumbai developers are battling high inventory.
Infosys Technologies Ltd on Tuesday said it is among the eight international companies chosen to be in the first annual list of 'top brands with a conscience.'
In a statement, the Ministry of Home Affairs (MHA) said it has issued fresh guidelines for surveillance with regard to COVID-19 that will remain in force till January 31, as it asked the states and union territories to keep a strict vigil to prevent any rise in cases during the New Year celebrations and the winter season.
The Reserve Bank of India (RBI) has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in August.
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
India may soon see a new set of oil barons with lesser-known companies venturing into crude oil and natural gas production. These new kids on the block have come up through a mix of entrepreneurial grit and backing from oil industry veterans. Nippon Power, South Asia Consultancy, PFH (Poddar Family Holdings) Resources and Chennai-based Adbhoot Estates could be the first ones to start production from blocks awarded during the first round of Discovered Small Field (DSF-1) auctions. Adbhoot is in a 50:50 joint venture with the Bombay Stock Exchange-listed Hindustan Oil Exploration Company that has some five oil producing assets and over 10 blocks across the country.
In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.
After the Delhi high court's ruling, blanket exclusion of genetic disorders from coverage is likely to become a thing of the past.
The glamour model/actress has come out tops at the models vs actresses Bikini Olympics.
The 25-year-old attacker called on other Muslims to attack 'police, journalists, public figures, prison guards and rappers,' listing around a dozen well-known figures by name.
In an encouraging development for the Indian women's hockey team, all the squad members are set to be included in the Target Olympic Podium Scheme (TOPS) when the review committee will identify a core group for the government-funded programme, next month.
Over 340,000 images from 211 territories were submitted to the Sony World Photography Awards 2022 and over 156,000 were entered into the Professional competition - the highest number of entries in the history of the Awards.
Top Indian private sector lender ICICI Bank, which owns nearly 68 percent of the insurer, is selling up to 181.34 million shares in the IPO.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
With markets expected to remain volatile, promoters and lenders exposed to the industrials and materials space can face brunt of the price erosion of the pledged shares.
Sebi had given an extension last year for PSUs to meet 25% minimum public shareholding rule
