As industry voiced concern over the CBI naming industrialist Kumar Mangalam Birla in a case, Oil Minister M Veerappa Moily on Friday said investigating agencies and the judiciary must ensure that India does not become like Russia, where investors are not prepared to go and billionaires are put behind bars.
The finance ministry on Monday said it will transfer Rs 6,000 crore as the second tranche of GST compensation shortfall to 16 states and 3 Union Territories -- including Maharashtra, Bihar, Assam, Puducherry and Delhi. The Centre had on October 23 transferred Rs 6,000 crore to 16 states and 2 UTs of Delhi and Jammu and Kashmir. In the second tranche of transfer, Union Territory of Puducherry has been included.
Bankers say it's a question of survival for debt-heavy companies.
Kelly Knight Craft has been ambassador to Canada since October 2017. She previously served as an alternate delegate to the UN during the George W Bush administration.
The negotiations for a bail-out of the two plants could see continuity though a weakened BJP majority is a cause of concern among analysts, says Amritha Pillay.
India's economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday.
Two crucial bills, forming part of NDA government's reforms agenda, got approval of Parliament within minutes today after a number of non-NDA parties backed the legislations in Rajya Sabha where the ruling coalition is short in numbers.
Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure. The group is into the entire gamut of infrastructure -- being its ports, airports, roads, expressways power generation & distribution, among others. In ports and airports, the group is the largest player in the private sector. Addressing media from Milan, group chief financial officer Jugeshinder Singh said the company has fixed the price band for the Rs 20,000-crore issue in the range of Rs 3,112-3,276 per share.
As a politician, Yadav is amiable and a consensus-maker, not hamstrung by dogma.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
According to the decision, such entities can now first operate through e-commerce and then open brick-and-mortar stores.
FIXES BY THE GOVERNMENT: Energy price fixed, tax issues linger.
NDTV founders Prannoy Roy and his wife Radhika Roy on Friday said they will sell all but 5 per cent of their remaining shareholding in the news broadcaster to Adani Group for up to Rs 647.6 crore. Roys, who founded New Delhi Television Ltd (NDTV) as India's first and largest private producer of news current affairs and entertainment television, lost their status of being the company's largest shareholder in recent weeks. This follows Adani Group becoming the majority shareholding of NDTV after first buying out a company backed by the founders and then acquiring more shares from the open market.
The demand for extension of the GST cess regime among others was made by several state finance ministers at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman in New Delhi. Besides, many states also demanded raising the share of the Union government in the Centrally Sponsored Schemes (CSS). Currently, the central government and state government share in some CSS is 60:40 while in others it is 75:25.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
The 30-share Sensex ended up 142 points at 29,462 and the 50-share Nifty gained 26 points to end at 8,895.
Reliance Power has terminated its mega power project in Jharkhand over inordinate delays in land acquisition.
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.
With projects worth Rs 1,28,000-cr, the group hopes to become one of the country's biggest industrial houses.
Their coal block bids may be referred to CCI.
India's GDP growth will be 7.5% this year: Jaitley
Trade, transport and hotels form a major part of the country's GDP and these sectors were crippled by the strike
Morgan Stanley expects the central bank to cut rates this week, 125 bps in cuts through 2015.
Banerjee, nephew of West Bengal Chief Minister Mamata Banerjee and the national general secretary of the TMC, and his wife Rujira Banerjee have been asked to depose before the investigation officer here next week, they said.
The government on Tuesday faced embarrassment in the Rajya Sabha when the opposition scuttled its move to withdraw three bills, including one on raising the FDI cap in insurance sector to 49 per cent, which are expected to be introduced in Lok Sabha for replacement of Ordinances.
Soon after coming out of the ED office in Kolkata, Banerjee said the interrogation was an effort to prevent him from participating in the INDIA meet and a testimony to the vital role TMC is playing in forging the opposition unity.
Another important early decision of Birla was to get into the wireless telephony business in association with AT&T and another revered Indian business house, the Tatas.
'Greenpeace has been brutal in targeting both India and the Manmohan Singh government. The push to go after Indian coal is driven by its long-term agenda. What is surprising is that China has not been meted out the same treatment, despite the fact that the rise of China as an economic power has been built around generating power from coal. 'Being richer and more affluent, yet far less democratic, there is less room for an NGO such as Greenpeace to drive home a complicated global agenda, so there is more of a tendency to go along with anything the Chinese offer despite China being the biggest by far with regard to coal use. But for India, it reserves tougher prescriptions, notably for its middle class, says Srinivas Bharadwaj.
Eight of the 30 companies in the BSE Sensex that shared data reported 99 fatalities in 2016-17 against 86 in the previous year. These lives were lost due to industrial accidents at manufacturing facilities. Fatalities owing to road accidents were excluded from the count.
Road projects alone worth $10 billion face delays over land disputes and other clearances.
A four-year-old girl, who accidentally fell in an open borewell at an agricultural field in Telangana's Ranga Reddy district on October 12, was found dead on Tuesday afternoon, the police said.
The BSE Midcap and Smallcap indices have performed better than the front-liners
Here's a glimpse of all that happened around the world last week, in 10 images.
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Issue in two months for Australian projects; group to invest another $15 billion in infrastructure projects by 2020.
In a statement, Greenpeace India said it believed that this leak was a concerted effort by parties with vested interests to ensure elimination of any opposition.
Last month, Prime Minister Narendra Modi had said that the economy is showing "green shoots" as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood.
The Centre has taken a major step towards increasing efficiency in decision-making by empowering joint secretaries to report to secretaries directly, officials said on Wednesday.
Demand for repeal of the act found echoes in the nation's Parliament with National People's Party (NPP) MP Agatha Sangma, a former Minister in the United Progressive Alliance government, terming the act as 'the elephant in the room which (needs to) be addressed' and seeking the 'draconian' Act be repealed.
About 53 million homes in the country are yet to get electricity and many industries depend on diesel generation sets to meet their requirements.
Corporate Affairs Minister Sachin Pilot intoned, "Recent incidents will certainly dampen business confidence and investment sentiment, both domestic and foreign; and perhaps also negatively affect decision making by bureaucrats and policy makers."
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