The government is betting on the fact that it will be conducive for the new owner to give voluntary retirement scheme
The commerce department has said that earnings through the new tax will equal the losses faced by Indian industry after the US tariffs on steel and aluminium.
India lost its competitive advantage as China gave fiscal benefits to its local manufacturers. Besides, recent policy flip-flops have, however, dented India's image as the 'pharmacy of the world'.
'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
The Centre on Friday announced a special voluntary retirement scheme for employees of four public sector general insurance companies to cut the excess flab.
Images from Day 1 of the fourth Test between England and India, at The Oval, on Thursday.
It is difficult to recall an Indian minister in modern times pushing back at the US publicly, observes Ambassador M K Bhadrakumar.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
Insurance coverage for deposits in non-banking finance companies is unlikely to be provided as Reserve Bank of India has expressed reservations over the move.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
This will help expand the distribution channels, said Subhash Chandra Khuntia, chairman of the insurance regulatory and development authority of India.
The product, named Saral Suraksha Bima, will have a maximum sum assured of Rs 1 crore and minimum Rs 2.5 lakh.
The government will come out with proposed modalities and terms of references for setting up grievance appellate committees to address social media users' complaints in the next 10-12 days, and expects the panel to be in place by November 30, Union Minister Rajeev Chandrasekhar said on Tuesday.
Inactive crew members are employees who are on any kind of leave be it casual, medical or privilege.
In a move that is bound to spell relief for social media users, the government on Tuesday launched the much-awaited grievance appellate committee (GAC) mechanism that will allow users to appeal against decisions of social media platforms by filing their complaints on a new portal.
The Congress alleged that whenever an issue of national security comes up, the "prime minister hides behind his ministers".
Twitter's India-born CEO Parag Agrawal has told worried employees that he doesn't know "what direction this company will go in" once the whopping $44 billion deal, which will take the social media giant private, closes with new owner billionaire Elon Musk.
Five photos of western style toilets were presented to convince the court that acceptable standards would be extended to Mallya.
Maruti ready to upgrade safety features.
Nokia on Thursday announced installation of a server in India to enable security agencies lawfully intercept its email and messenger services, a move which may force BlackBerry to follow suite.
A committee suggested that CSR expenditure be made tax deductible, in order to incentivise spending by companies. It also said that CSR should not be used as a means of resource-gap funding for government schemes.
India is fast re-emerging as a good business destination among foreign investors.
Mining magnate Anil Agarwal has said Gujarat was picked over Maharashtra for the Vedanta-Foxconn's Rs 1.52 lakh crore semiconductor project based on 'professional and independent' advice, as the political row in Maharashtra over the facility escalated on Thursday.
The Supreme Court on Wednesday questioned the CBI and the Gujarat government as to why they want to send social activist Teesta Setalvad and her husband Javed Anand back in jail after they have been out for over seven years on anticipatory bail.
The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.
Gandhi, who is in the United Arab Emirates on the second day of his maiden visit to the country, said India did not force one idea on the people and can absorb multiple ideas.
Getting an assurance from the Apple CEO on manufacturing in India will mean much to the NDA government.
'One out of three phones sold in India is a Xiaomi phone.'
'It's a clear case of political patronage helping an individual grow.'
On Saturday, an online marijuana sale racket was busted by Bhind police in Madhya Pradesh, leading to the arrest of two persons and seizure of 20 kilograms of the contraband, according to an official. The accused were operating the racket through a leading e-commerce firm, which received two-thirds of the profits generated, as per the official.
Only when we are part of the same family, which will happen down the line, then, of course, we will give them (PMC depositors) all the assurance and the comfort.'
According to preliminary information memorandum, Air India's new owner will be asked to list the company in some time
'Children are curious by nature, so I thought of writing these books, which provide creative but convincing explanations and also teach values like sharing is caring,' Sudha Murty tells Chintan Girish Modi.
At a closed-door meeting with global investors, the largest asset manager in the country boasted of its nearly Rs 37 trillion assets under management (AUM) - 16.6 times that managed by the second-largest insurer SBI Life. The numbers are as of March 31, 2021. The assets of LIC are 1.2 times the net assets of the entire Indian mutual fund industry, which had AUM of Rs 31.43 trillion as of March 31, 2021 (about Rs 37.3 trillion until November this year). The standalone assets that LIC manages are equal to 18.7 per cent of India's GDP and worth more than gross domestic product (GDP) of the UAE, Bangladesh, Malaysia, Singapore, Hong Kong, South Africa, New Zealand, and Pakistan.
Sanjeev Nayyar offers a roster of things to do to see the India of our dreams.
Shut since December following violence owing to labour unrest at its Karnataka facility, Wistron, Taiwanese contract manufacturer for Apple Inc, said on Tuesday its operations in Bengaluru will start soon, as the state government asserted it was ready to extend all cooperation. "We are looking forward to restarting our operations and welcoming back team members," David Shen, CEO Wistron Smart Devices, said in a statement. He said since the violent incident at their Narasapura facility in Kolar district in December last year, the company has been working hard on improving across the board to raise standards and fix the issues.
