PVR-Inox is in an inherently fickle business. If there is a string of flops, the box office collections will be weak. Conversely, Q2FY24, which witnessed several hits, has brought about an upside in revenues. However, the merger has led to market share gains and synergies that helped bring breakeven down to approximately 20 per cent occupancy.
A day after it received Rs 32,403 crore GST demand, Infosys on Thursday said Karnataka state authorities have withdrawn the 'pre-show cause' notice to the company and directed it to submit further response to the Directorate General of GST Intelligence (DGGI) on the issue. India's second largest IT company had made headlines on Wednesday after GST authorities slapped a Rs 32,403 crore notice on it for services availed by the company from its overseas branches for five years starting 2017.
Voltas saw strong growth in both UCP (Unitary Cooling product) and EMPS (electro mechanical projects) segments.
In two years, the start-up Overqualified Housewives has helped over 6,000 women across India find flexible-job roles across India from salaries ranging between Rs 8,000 to Rs 80,000, making them financially independent.
The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.
The Election Commission on Monday empowered the returning officers to reject nominations on ground of a candidate holding an "office of profit" at the stage of the scrutiny.
Returning the Office of Profit bill was the most difficult decision President A P J Abdul Kalam made during his tenure in the country's highest office.
At a time when the government is nudging the private sector to ramp up its capital expenditure (capex), the Ministry of Statistics and Programme Implementation (MoSPI) is poised to kick-start the first-of-its-kind annual survey on the status of private sector capex from next month. "The inaugural edition of the annual exercise will start in October and will be completed by December. "The results will be made public by February next year," said Geeta Singh Rathore, director general, National Sample Survey Office (NSSO), at a data users' conference on Thursday.
The death of 26-year-old Anna Sebastian Perayil -- who worked on the audit and assurance team at EY Pune, due to 'overwork' her heartbroken mother noted in a letter to EY India chairman Rajiv Memani provoked best-selling author Rashmi Bansal to pen a poem on the perils of overwork in Corporate India.
The ordinance will be tabled in the next session of the legislature, it said, adding that 27 posts were approved for the commission.
The year was rich in content as far as Web series were concerned.
There are many cases pending in this regard with the Election Commission, which had recommended Bachchan's disqualification.
The legislation was sent to Kalam on August one after Parliament re-enacted it without any changes.
India's thriving mutual fund (MF) industry is drawing interest from several firms, with multiple applications submitted to the Securities and Exchange Board of India (Sebi) for asset management company (AMC) licences.
In a surprise move, struggling multinational coffee chain Starbucks on Tuesday announced the appointment of Brian Niccol as chairman and chief executive officer replacing Indian-origin CEO Laxman Narasimhan who is stepping down.
'GenAI programmes may not be large in terms of value, but have triggered a lot of new opportunities among clients.'
The move by Congress president Mallikarjun Kharge's son Rahul Kharge comes close on the heels of Chief Minister Siddaramaiah's wife Parvathi returning the 14 sites to Mysuru Urban Development Authority after the Lokayukta police registered a case against Siddaramaiah, his wife and brother-in-law.
'Only 20 per cent of families in India buy cheese twice once a year.'
Unfazed by the President's action in returning the Office of Profit Bill, the government on Wednesday said it will re-present the legislation that seeks to exempt several posts from being considered office of profit in Parliament.
Congress has hit out at the BJP-led NDA over its decision to oppose the bill on office of profit,
As many as five major films released last Friday, and four among these had a south connection.
'Allocate up to 20 per cent of your core equity portfolio to quality funds.'
Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business. "We are making some strides in that direction, albeit cautiously.
'A 20 per cent equity allocation to ESG funds is a good start.' 'As more evidence on ESG performance builds, investors may increase allocations.'
After a lull of more than a year, the Supreme Court on Tuesday commenced the hearing to examine the constitutional validity of the controversial amendment to the law on Office of Profit with those against it accusing the government of "starting a dangerous trend".
In the first quarter (Q1) of the ongoing financial year ending June 30, Westlife Foodworld, which operates McDonald's outlets in the South and West, reported an 88 per cent drop in net profit. While net sales remained flat, its same-store sales growth (SSSG) fell by 6.7 per cent, impacted by "subdued in-store business, although the off-premise segment saw positive same-store sales", the company said.
India's second-largest passenger vehicles firm will be valued at Rs 1.59 trillion at the top-end of the price band of Rs 1,865-Rs 1,960.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
All offices involving executive decision-making and control of public funds shall be treated as offices of profit.
The politician, Rao Nadeem, who is also a property dealer, did not attribute any reason for selling off his property.
The controversial Office of Profit Bill, returned by the President for reconsideration, was on Thursday passed by Rajya Sabha.
The BJP has said it wants to spread awarness on this issue.
The recent blip in housing sales on a quarter-on-quarter (Q-o-Q) basis should not worry investors as the long-term prospects of real estate stocks remain on a strong foundation, according to analysts. In the first half of the calendar year 2024 (H1CY24), realty stocks surged up to 104 per cent. This sharp run should be used to book partial profit in related stocks, suggested Deepak Jasani, head of retail research at HDFC Securities.
At least 13 candidates are in the race for the position of managing director and chief executive officer (MD & CEO) of Punjab National Bank (PNB), the second-largest public sector bank (PSB), according to multiple sources familiar with the matter. "Among the candidates, some are executive directors (EDs) and managing directors in major PSBs. "Financial Services Institutions Bureau (FSIB) will conduct the interviews next month," said a source.
Official sources said no decision had been taken by Kalam so far
The Election Commission has exonerated 12 legislators belonging to the ruling Mizo National Front on the issue of holding offices of profit.
'He was a practical person who ensured that he thought about the common man, animals, the fact that they have a life and they have to be respected.'
Vaibhav Pandya has been charged with cheating and forgery.
'People have got into the habit of sitting at home (and watching films).' 'They don't want to watch movies in theatres because they do not want to waste as much as Rs 1,000 on tickets.' 'They feel there is no point in watching a film on the big screen because it will anyway come on OTT in a month's time.'
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