Flipkart co-founders Sachin Bansal and Binny Bansal, who were ranked 86th last year dropped out of the list
The Trump administration is reportedly moving ahead with its decision not to give work permits to the spouses of H-1B visa-holders, arguing that this displaces genuine American workers.
The Street is talking about the New Rakesh Jhunjhunwala who has invested heavily in a particular stock.
The decision to not attend the forum attended by 28 heads of state and 130 national delegations is a clear break from its usual policy of going along with the crowd.
Modi's'Make in India' drive launched last September included laying out a model of "port-led" development that would support industrial growth.
The 30-share Sensex ended higher by 30 points.
Investors and EOW waded through a maze of legal obstacles to get their hands on the 'kingpin'.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
'We have done what we needed to do on behalf of the consumers'.
Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
'When an enemy country is looking for information to sabotage a system from a remote location, they can access your data, they can stop the functioning of our power plants, they can stop the functioning of critical systems in the network.' 'It is very important that we should have full control of everything in the network.' 'Most Indian companies buy from China only because of the kind of incentive they are getting.' 'By doing so, these Indian companies are exposing themselves to dangers in the coming years.'
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The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Make in India and Swacch Bharat initiatives are going to have tremendous impact on the Home and Personal Care industry.
The endorsement first by a sitting American Senator comes days ahead of the crucial Republican presidential primaries on Tuesday in 11 states.
Devangshu Datta predicts the good, the bad and the ugly of currency trends for the coming year.
This is a part of the company's plan to raise $13 billion debt to fund expansion of its petrochemical production capacity and gasification project for its refining facilities to improve margins.
From PhonePe to Jio, everyone wants to be a Super App but it is still unclear if they will actually work in India.
The IT major had reported a net profit of Rs 3,398 crore in the year-ago period, it said in a BSE filing.
SBI was the top gainer after it reported lower-than-expected rise in bad loans
Special audit report conducted by the PricewaterhouseCoopers on Multi Commodity Exchange has met with another opposition. Earlier FTIL, the promoter of MCX had opposed its contents and now Venkat Chary who is FTIL's non-executive chairman has sent a notice to PwC. PwC report submitted to the FMC in last April mentioned the names of Key Management Personnel of MCX and the name of Venkat Chary was mentioned in that list. Chary was Chairman, MCX, during that period. Chary who had in past also served as Chairman of FMC objected to the PwC mentioning his name as the key management personal of MCX. He wrote to the audit firm saying that he was FMC-nominated Non-executive Independent Director and Chairman on the Board of Directors of MCX till July 13 when he resigned following revised FMC guidelines which laid down 70 years as the maximum age for Chairman/Director. Chary sighted provisions of Companies act and Section 2(51) of the Companies Act, which defines " key managerial personnel" in relation to a company include CEO or MD, whole time director, CFO, company secretary and other officer as prescribed. "As non-executive independent director and Chairman nominated/approved by the FMC, I did not fall within any of the above categories," said Chary and hence blamed PWC for not showing due diligence in your special Report to the FMC. Chary has sent a notice to PWC asking it to take immediate steps to rectify this error. Since PwC Report was placed in the public domain, "it has caused serious damages to my reputation as a practising Advocate of the Bombay High Court." Chary has asked PWC if remedial action are not taken he will report the case to the Institute of Chartered Accountants of India for professional misconduct under the Chartered Accountants Act, 1949, by showing gross negligence in the in professional duties. Chary has said, "I also intend to resort to the civil and criminal courts for damages/action against PWC." When contacted PwC spokesperson said that, "Our work has been executed to the expected professional standards and we stand by the content of our report submitted to the Forward Markets Commission". Chary is not the first to oppose PWC, FTIL it self had said the report was prepared without giving them chance to respond and have not accepted contents. Recently, Riddhi Soddhi Bullion, had sent a legal notice for mentioning its name as 'indulging in wash trades on MCX.' The leading bullion trader had claimed damages in their defamation suit.
The government has filed a lawsuit against Swiss food firm Nestle's Indian unit, seeking Rs 640 crore ($99 million) in damages on behalf of consumers after the country's worst packaged food scare in a decade.
Profit taking in index heavweights RIL and HDFC weighed on sentiment while ICICI Bank surged 7%.
Every move that strengthens Cyrus Mistry's position in companies like Indian Hotels could prolong the uncertainty.
State owned banks SBI and PNB were the top Nifty gainers along with ICICI Bank and auto shares.
Dilip Shanghvi has never tried to be everything to everybody.
Despite the headwinds both on the domestic and global fronts, Ramesh S Damani, member, BSE and a prominent investor, says India will weather a global trade war better than a lot of other Asian countries.
Both crude benchmarks are now down around 20 per cent since their last peak in June
Intensifying competition and possibility of further legal action to test expectations of recovery.
About 1,000 such cabs have been registered on the company's platform so far
Nano's production though continues unhindered despite mounting losses
Import curbs on Chinese panels and modules may help, but low demand and capacity remain problem areas, says Shreya Jai.
The rules, the first ever for software applications in the country, were recently issued by the patent office and mandate each new software to be 'machine-specific' and packaged with 'new hardware' to qualify for a licence.
Power transmission infrastructure in 18 major cities could be potentially hacked.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
With India, the last round of talks took place in February 2011.
Age and experience not less relevant but firms are gradually moving towards younger leadership teams
Three million tonnes of buffer stock, where the government bears the interest and insurance cost, was announced by the Centre only for a year and that period is ending in June.
'When bankers are hounded by investigative agencies for credit decisions going wrong and defaulters are treated like outcasts, who will borrow money and who will lend?' asks Tamal Bandyopadhyay.
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
FMCG import bill is bloated, Modi must do something to bring it down.
