The Congress Working Committee will meet on Sunday to discuss the outcome of the assembly elections in five states where the party received a drubbing, sources said.
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.
In two days since its launch, an online campaign (https://www.change.org/p/cancel-the-tokyo-olympics-to-protect-our-lives-stoptokyoolympic) called "Stop Tokyo Olympics" has gathered over 210,000 signatures, exceeding its initial 200,000 goal.
But industry needs to take up the issue at the highest level, business groups need to set aside their differences and work together, inconceivable as the idea may seem. It would be a pity if the corporate sector were to keep quiet this time.
In a recent awards event, industrialist Rahul Bajaj said that India Inc was afraid of criticising the Narendra Modi government, The comment drew flak from Finance Minister Nirmala Sitharam who said spreading one's own impression "can hurt national interest".
The phase 3 trial is being implemented as part of Operation Warp Speed, a multi-agency collaboration led by the US Health and Human Services, which aims at accelerating the development and manufacturing of medical countermeasures for COVID-19 and delivering 300 million doses of an effective vaccine by January 2021.
Indeed, there were frauds, and the politician-banker-industrialist nexus played a role in the rise of NPAs, but governance issues in Indian banking are far more nuanced and complex, reveals Tamal Bandyopadhyay.
The Supreme Court Thursday dismissed a plea filed by Facebook India Vice President and MD Ajit Mohan challenging the summons issued by the Delhi Assembly's Peace and Harmony committee for failing to appear before it as witness in connection with the north-east Delhi riots last year.
Amul had pioneered inclusive growth through work with dairy farmers at grass-root level, changing lives, enhancing income and empowering women.
Ronaldo's nomination comes after the 33-year-old last week denied rape allegations levelled against him by a woman who sued him in court in the United States.
Corporations are still hard-wired for the old 'brown' economy which aims to generate only shareholder value not stakeholder value.
The Comptroller and Auditor General of India on Monday reported multiple irregularities in the accounts of units under the IT and telecom ministries, including purchases of hardware and software worth Rs 890 crore by NICSI in contravention of rules. In its audit report for financial years 2017-18 and 2018-19, the Comptroller and Auditor General (CAG) has flagged anomalies in the decision taken by state-run telecom firm BSNL, C-DoT, the Department of Posts, ITI Limited and CDAC that had adverse financial implications. "NICSI procured hardware and software costing Rs 890.34 crore through the 'Strategic Alliance' route in contravention of General Financial Rules, 2005 and departmental instructions and thus failed to ensure transparency and competitiveness in the procurement process," according to the CAG report tabled in Lok Sabha on Monday.
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
During the short hearing, Justice Prathibha M Singh took strong objection to an email sent by WhatsApp to the court. "I was in any case not going to hear it," the court clarified and sent the matter to another bench recording that the email sent by WhatsApp should be withdrawn unconditionally.
Mistry is not the first Tata bigwig to be ousted and Tata is not the only big name which saw a doyen or two leave
Notwithstanding the COVID-19 second wave hitting the nation hard, Indian organisations have displayed resilience, and the salary increment is being projected to grow from an average of 8.8 per cent this year to an estimated average of 9.4 per cent in 2022, according to a survey. According to the Aon's 26th Annual Salary Increase Survey released on Tuesday, most businesses have an optimistic view going into 2022, with 98.9 per cent of companies intend to give salary increases in 2022, as compared to 97.5 per cent companies in 2021. There is positive sentiment across most sectors, and India Inc is firmly on the path to recovery, with most firms projecting salary hikes back to FY 2019 levels by FY 2022.
No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.
US retail giant Walmart has said it is "open to an IPO" for its Indian e-commerce arm Flipkart but there is "no specific timeline" for the share sale. Both Flipkart and payment app PhonePe continue to do well, Walmart International president and CEO Judith McKenna said while speaking at the DB Access Global Consumer Conference on June 7. "We always made it clear from the day we made the acquisition or the investment, that we would be open to an IPO," said McKenna. However, she noted that there is no specific timeline for the IPO.
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
With the negative impact of demonetisation waning and the implementation of the GST, 80% of the CEOs surveyed said they were planning to hire more people in 2018
If all had gone well, Ranveer Singh would have been working with Meghna Gulzar next, now that she has completed her film Chhapaak with his wife Deepika Padukone.
The team said on July 3 it would conduct a thorough review of the club's name.
Twitter received 94 grievances and 'actioned' 133 URLs between May 26 and June 25, the microblogging platform said in its maiden monthly compliance report as mandated by the IT rules.
Neymar's spokeswoman said the athlete would vigorously defend himself if any claim is presented, describing the allegations as baseless and adding that the endorsement deal ended for commercial reasons.
The referendum will have long-term implications for Indian companies, which earn a substantial portion of revenue from the region.
'If the third wave of Covid infections is as bad as the second one, the market may get very polarised with a preference for blue-chips with low volatility.'
'Most investors are still waiting for the winners to correct.'
The bid by Facebook highlights the company's efforts to accelerate its push into video as it tries to take advertising dollars from television and increase the time people spend on its platform.
Here's what India Inc expects from the Finance Minister.
Top companies in China are valued at 7.7 times the trailing 12-month earnings against a P/E ratio of 18.6 times for Nifty 50 companies.
It was women who unambiguously bore the brunt of the lockdown joblessness, says Kanika Datta.
In the third phase of the Lok Sabha election on April 23, 116 seats spread across 13 states and two Union Territories, will go to the polls.
'During the course of these two years, as new people have joined, we have no mental picture to associate with them and hence, have little connection with them.'
In an unprecedented order to check criminalisation of politics, the Supreme Court on Tuesday held nine political parties including the ruling BJP and JD (U) in Bihar guilty of contempt and fined eight of them for violating its February, 2020 order on publication of criminal antecedents of their candidates for the assembly polls.
'Good investment opportunities should not be missed.'
In the one minute video, the Raikars have tried to include different ways to keep yourselves busy at home.
'Waiting for a market correction and optimising entry time in the markets will be akin to missing the woods for the trees.'
Prime Minister Narendra Modi will on Friday launch two schemes of the Reserve Bank of India (RBI) that may go a long way in changing how the household sector invests, and complains if anything goes wrong with their savings. These schemes - retail direct and an integrated ombudsman - will be launched by the Prime Minister virtually, in the presence of Finance Minister Nirmala Sitharaman. With the introduction of retail direct, a common man can directly take a position in government securities (G-Sec), considered to be the safest asset class a sovereign can offer.
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