Tata Group-owned Air India has informed the Centre that aircraft lessors wish to set up their special purpose vehicles (SPVs) outside India since they aren't enthused about the Indian 'legal structure' and are loath to take risks. Indian airlines have a combined fleet of about 700 planes; over 85 per cent are on lease. A majority of lessors are based in Ireland due to its attractive tax policy, light-touch regulations, and swift legal system.
Bhupendra Patel can never really break free of intervention from New Delhi. But if he can win over the Gujaratis and improve the BJP's tally substantially, he will have proved that he should be taken seriously.
Global investors are fast losing appetite for equities, as deflation seems more of a reality. With commodity prices collapsing, few safe havens are left for investors, with many of the BRICS(Brazil, Russia, India, China and South Africa) losing their charm.
The Delhi Police on Tuesday filed its voluminous charge sheet in a court in New Delhi in the Indian Premier League spot-fixing case naming underworld don Dawood Ibrahim, his close aide Chhota Shakeel and some cricketers, including S Sreesanth as accused, while Rajasthan Royals' captain Rahul Dravid has been made a witness.
Surveys suggest that the AAP would win 40 seats in the 182-member assembly if elections are held tomorrow.
FIIs accumulated India's top-listed companies at an average valuation of around 16 times.
A rebounding and steady market is a good time to weed sectors and funds that tend to drag the portfolio.
'The question is: Who misrepresented the facts to the then PM? It was not A Raja but Pulok Chatterjee, in consultation with T K A Nair, as he had suppressed the most relevant and controversial part of the letter of A Raja from the then Prime Minister,' says the special CBI judge in his 2G spectrum case verdict.
The hits and misses of the week.
UK-headquartered consumer goods giant Unilever on Tuesday announced a major organisational shakeup to make the company leaner, which involves some of its Indian-origin executives, and plans to lay off 1,500 staff as part of the wider restructuring of its global operations. Sanjiv Mehta retains executive leadership of Mumbai-headquartered subsidiary Hindustan Unilever, while Unilever chief operating officer (COO) Nitin Paranjpe will take on a new role as chief transformation officer & chief people officer, leading the business transformation and heading the HR function for the transformed organisation. The company said Sunny Jain, president of beauty & personal care, has decided to leave Unilever to set up an "investment fund in technology megatrends".
In an online chat with Get Ahead readers, Balwant Jain, CFO and tax expert, ApnaPaisa.com, answered queries on the benefits of leave travel allowance.
The turmoil on the Street and a continued fall of the rupee may affect growth stocks, pushing equity investors back to the relative safety of defensive counters, or forcing them to flee markets, or both.
ITC's net profit grew the fastest, followed by HUL and Asian Paints.
Governor Acharya Devvrat administered the oath to 10 cabinet ministers and 14 ministers of state, including five ministers of state with independent charge.
Legislative assembly elections in Prime Minister Narendra Modi's home state are due next year.
There, however, has been an improvement in operating margins.
Reserve Bank of India (RBI) Governor Shaktikanta Das on Sunday said he has tested positive for coronavirus and will work from isolation while the central bank will continue to function normally. Das said he is asymptomatic and has alerted those who came in contact with him in recent days.
Given the volatility of the global marketplace, India is already on a strong wicket and well poised to provide a lucrative option to foreign investors.
Rajat Sharma beat Madan Lal by 517 votes to become the new president of Delhi and Districts Cricket Association.
Actor-director Rajiv Kapoor, son of celebrated filmmaker-actor Raj Kapoor, passed away on Tuesday, February 9. He was 58.
Bollywood's gorgeous ladies looked glamorous on the IIFA green carpet, but the men didn't disappoint either.
As she steps down, a look at the top two contenders -- Vijay Rupani and Nitin Patel -- who could become Gujarat's next chief minister.
Ola founder and chief executive officer (CEO) Bhavish Aggarwal will step back from day-to-day operations to focus more on engineering functions, team building, and products, apart from focusing on long-term strategic projects, such as two-wheelers, cars, and innovations in quick commerce and international expansion. "I'll be spending more time with all engineering functions, team building, and on products," said Aggarwal in an internal note, adding, "I'll also be increasing my focus on our longer-term strategic projects, including new two-wheeler products, our car project, innovations in quick commerce, electrifying ride-hailing, our cell research and development (R&D), international expansion, building our Pune technology (tech) centre, and Futurefoundry UK." To drive scale, speed, and quality, Aggarwal said he is expanding Ola Group's chief financial officer (CFO) G R Arun Kumar's role to help him steer 'day-to-day operations' across the group.
Credit Suisse thinks it possible for the company to narrow its forecast ('guidance') range.
Experts expect the trend to continue in the near term.
More than 10% (40 of 498 companies) have lost at least half their market value.
The company is unlikely to continue with the CEO-COO model
Promoters' holding in private sector BSE 500 companies declined to 43.4% in Sept
Speaker Ram Niwas Goel ordered the arrest of the two visitors, who were later detained by the Delhi police.
This analysis is based on the quarterly earnings for 724 companies.
Financial assets make a comeback as returns on physical assets falter.
Indian companies typically have higher return on equity.
Rupani on Sunday met Governor O P Kohli and staked claim to form the government, a day after he was elected by BJP legislators to succeed Anandiben Patel.
Union minister Nitin Gadkari will head a committee which will reach out to social and volunteer organisations while his Cabinet colleague Sushma Swaraj will head a group that will produce literature for the polls.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Check out the droolworthy pics of men in moustache and beard and vote for your favourite.
Premium valuations era started in 2006 and went hand in hand with decline in the US interest rates
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
There was positive news from across the country especially from the South.
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