During his time as executive chairman, the company's net revenues grew 17-fold to Rs 42,777 crore and profit after tax nearly 40 times to Rs 10,289 crore. Total shareholder returns grew at a compounded annual rate of around 20%. Besides numbers, his biggest achievement was to transform ITC from a cigarette company to a diversified enterprise.
The company's Chief Executive Officer G S C Rao, Chief Financial Officer Sanjay Tapriya, Executive Director Gursimran Kaur Mann and five non-executive directors have also been booked by the agency. Gurpal Singh is the son-in-law of Punjab Chief Minister Amrinder Singh.
Jaitley slammed lack of ethics in certain sections of businesses and said multiple layers of auditing system chose to either look the other way or did a casual job.
Swiss banks seek fresh undertakings from Indians.
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Despite a temporary relief, foreign investors still see the sword of double-taxation hanging above their hard earned returns.
FIIs accumulated India's top-listed companies at an average valuation of around 16 times.
As part our series on dealing with the pink slip, we spoke to Nirmal Singh, the founder and CEO of Wheebox, a prominent talent assessment company.
Delhi Stock Exchange's (DSE) struggle to end its life without hurting the diverse interests of its multiple stakeholders will continue into another year.
Non-reporting of overseas income by employers may be categorised as 'abetment' under the Act.
Theoretically, there is an inverse relationship, but other factors need to fall in place for it to work well this time
Consolidated net profit rose to Rs 3,465 crore in its fiscal third quarter to December 31.
The most important of all is to save you from potential financial risks...
The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
Within the next 3 months, most brokers will enable you to intelligently invest via mobiles in MFs, FDs, and IPOs.
Calculate his monthly expenses, health care spending, how much funds will he need once he retires, and whether his current savings and investments will enable him to manage his lifestyle through retirement, suggests Ashok Kumar E R, CEO and co-founder, Scripbox.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
Delhi Development Authority's land deal to Reliance Industries throws up larger issues of governance.
Experts view this as a case of "failed experiment" in succession
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
The bank will have around 501 branches.
'Our strategy should be to 'hold the line' in the north on the Sino-Indian land frontier, but maintain and, if possible, enlarge India's current edge in the maritime south.'
'The Street is divided on when we could recover from demonetisation.' 'The government believes it is a pain at best for two quarters.' 'Some analysts feel the impact could be felt for two-three quarters and some that it could last for 12 to 15 months.' 'Investors are stuck in a no-action zone.'
With response tepid so far from domestic investors, these funds might soon approach FIPB for approvals.
'Raghuram Rajan's contribution to the country's economy is "exemplary" and he would always be remembered for his outstanding work.'
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
The IVRCL termed the project the toughest undertaken by KMDA.
About Rs 8.33 crore cash has been seized from Delhi, Rs 2.5 from Bengaluru and Rs 60 lakh from Mysuru till now, a senior official said.
Once tipped to emerge as the biggest exporter, the pharmaceutical industry is yet to acquire the scale of those in software services, says Krishna Kant.
There are also signs that the private sector investment cycle is slowly coming back, as capacity utilisation figures across industry continue to slowly creep up. A pickup in investments will front load profitability, says Akash Prakash.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
Suitors came with all-cash offers but were rebuffed
It has conducted searches against four bureaucrats based in Uttar Pradesh and Uttarakhand over the last three days.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
The Enforcement Directorate has filed a fresh charge sheet, delving specifically into the role of British national and alleged middleman Christian Michel James and his few Indian associates, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal.
Bajaj Finserv has few opportunities and challenges to overcome in 2015.
Investors remain cautious ahead of F&O expiry.
As corporate India prepares to put its house in order, the transition raises concerns
