The government's proposal to compute minimum alternate tax on profits, and not on assets as planned originally in the direct taxes code, has put a smile on the face of industry.
The commerce ministry has endorsed India Inc's stand against signing a free trade agreement (FTA) with China until it becomes a market economy that follows transparent pricing of manufactured goods and services.
The time will come when Indian readers will head that way too, so India Inc will have to rethink traditional ways of controlling information flows.
Indian-American business leader Ajay Banga is poised to become the next President of the World Bank after the nomination period closed and no country proposed an alternate candidate for the prestigious post. In February, President Joe Biden announced that the US would be nominating Banga to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history." The World Bank on Wednesday closed a month-long window for nominations for its next president, with no alternatives announced to 63-year-old Banga.
Investors with high risk appetite must stay invested while risk-averse investors can consider profit booking.
Indian business spreads its footprint across the globe.
Some banks made it clear that banks have to make commercial decisions. "There is a limit to which we can reduce the deposit rates because of competing investment products such as small savings instruments," said a bank chief. With banks unable to lower deposits rates, lending rates were unlikely to drop significantly. A banker is said to have talked about the fact that companies that are unable to sustain themselves during the present downturn would face many risks.
"Satya Nadella is a perfect example of how appropriate, thoughtful immigration reform can benefit both our free-market democracies, says Ron Somers, president of the US-India Business Council.
The Indian M&A figure is even more impressive over a 12 month period.
Signs of a slowdown in economic growth momentum seems to be guiding India Inc towards an austere path, with the country's largest private sector lender ICICI Bank deciding to skip rituals like annual promotions and large bonus payouts to employees this year. The bank announces these annual promotions and bonuses mostly by the end of April every year and has been known for its liberal approach when it comes to doling out promotions, salary hikes and bonuses for employees.
According to a Thomson Financial research, no Indian investment bank figures in the top ten list of the M&A deals that was struck this year, which was topped by UBS.
Aditya Mittal, the son of LN Mittal, the family that pulled off the audacious Arcelor acquisition just last year proves that a businessman of Indian origin can actually rule the world.
With a package close to Rs 25 crore (Rs 250 million), Mukesh takes home over 10 times the annual remuneration of his brother Anil, with whom he parted ways over two years ago.
Indian equity markets are likely to witness volatility this week due to concerns over rising cases of coronavirus and expiry of derivatives contracts, analysts said. Further, progress surrounding the COVID-19 vaccine, related updates, US stimulus talks and global cues would dictate the market trend, traders said. "Going ahead, the market is likely to be volatile as sentiments oscillate between fear of rising COVID cases globally and optimism over vaccine progress. Investors would closely watch out development over the US stimulus talks," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.
McCullum, 37, played for the two-time IPL champions in two separate stints and also represented Trinbago Knight Riders, the Caribbean Premier League (CPL) franchise that is owned by the same parent company Red Chillies Entertainment.
The Supreme Court on Friday sought response from former Twitter managing director Manish Maheshwari on an appeal of the Uttar Pradesh government against the Karnataka high court's decision to quash a notice seeking his personal appearance as part of the probe into a communally sensitive video uploaded by a user on the microblogging site.
The Union Cabinet has cleared a proposal to provide Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, Finance Minister Nirmala Sitharaman said on Thursday. The proposed bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts. The government guarantee would be invoked if there is loss against the threshold value.
In a grand ceremony with overtones of a United States presidential inauguration, heads of state and government, India Inc honchos, opposition leaders, Bharatiya Janata Party members and showbiz stars rubbed shoulders as they watched President Ram Nath Kovind administer the oath of office to India's 58 new ministers.
The country may become militarily impressive, pile on GDP and the durbar of the ruling party may fill with the wealthy indebted to the rulers for their riches. But the spontaneous camaraderie of a free people will diminish and with it, our shared ownership of the country, warns Shyam G Menon.
Given the pressure from India Inc and the banking fraternity, it is surmised that the portfolio rejig will take place before April.
Cascading effect of rising raw materials will result in inflation, high rates, slow capex
Many analysts find market expensive, even at current levels.
Singh met the party MP from Thiruvananthapuram on Thursday after collecting nomination papers for the polls.
50-odd biz leaders are part of Modi's entourage for the 3-nation tour
China has long coveted Arunachal Pradesh, which it calls Southern Tibet. But, as Venkataraghavan Subha Srinivasan explains, in 1947, the present state of Arunachal Pradesh constituted the North East Frontier Tract of Assam. When India adopted its Constitution on 26 January 1950, NEFT became 'a separate politico-administrative entity' although it was constitutionally still a part of Assam. Its administration was brought directly under the President of India with the Governor of Assam acting as his agent. A revealing excerpt from his book The Origin Story of India's States.
The Ghaziabad police on Monday warned the Twitter India managing director that his failure to report to it and join its investigation on June 24 in the case of the circulation of a communally sensitive video on its platform would amount to a hindrance in its probe, entailing legal consequences.
All Sensex components ended in the red. IndusInd Bank was the top loser, followed by Tata Steel, HDFC, ICICI Bank, Axis Bank, Infosys and ITC. According to traders, volatility heightened in global markets as US Federal Reserve's interest rate cut stoked concerns over an impending economic recession.
According to an Assocham survey, the industry expects the Obama-Modi personal chemistry to be a high point of the forthcoming visit
The allegedly contemptuous tweets were critical of the top court and posted by Bhushan on Twitter on June 27 and June 29.
The issue also underscores the growing scrutiny by investors and voting advisory firms of the performance of board members.
The single bench of Justice G Narender said the police can examine Maheshwari through virtual mode.
India's top IT companies have shown a hiatus between their performance on the bourses in the pandemic period and earnings growth. The combined market cap of the top five IT companies - Tata Consultancy Services, Infosys, Wipro, HCL Technologies, and Tech Mahindra - is up 87 per cent since the end of March 2020. In comparison, the benchmark BSE Sensex is up 68 per cent during the period. So the industry beat the broader market by a big margin in the last one year.
Tharoor said the Congress should stand up for its foundational principles.
Infrastructure, manufacturing and telecom are understood to be among the focus sectors
'At this moment, investors should look for relative value within sectors and clear visibility (third-wave-or-not) on earnings delivery.'
The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.
'Everybody fears them and rightly so. Who in his right senses wouldn't fear these agencies?' 'They can take away everything in seconds with near zero recourse to law.'
Employees across segments, including those involved in specialised jobs such as technology, compliance and risk management, have started leaving the bank fold in hordes, observes 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.
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