The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
However, the Carlyle-Advent consortium could revise its bid upwards, said two independent sources tracking the deal.
He also announced an assistance of Rs 3,000 for accredited journalists while acknowledging their role in the dissemination of information on COVID19.
Deloitte will assist Hyderabad Metro and the Andhra Pradesh government in preparation of bid documents, evaluation of bids, revision of the financial model, selection of concessionaire and negotiations with financial institutions for financial closure. The consultancy contract will be in force for one year.
Independent directors were supposed to safeguard the interest of all stakeholders.
The owner of a rural chit fund firm, active in two south Bengal districts, died on Thursday in Hooghly district taking the ponzi scheme fiasco deaths in the state to 14.
Government has targeted to garner about Rs 56,500 crore through selling its stake in PSUs.
Other players who have declared no production days in the recent past, and during this month, include Mahindra & Mahindra, Maruti Suzuki, Hero MotoCorp, Bosch, Jamna Auto, Wabco and Sundaram-Clayton.
A day after ordering closure of 10 ports in the state to prevent illegal export of iron ore, the Karnataka government on Tuesday announced it will ban issue of permits to transport the mineral for exports.
The Central Bureau of Investigation was on Tuesday directed by a special court to record statements of former Prime Minister Manmohan Singh, who was holding charge as Coal Minister in 2005, and others in a coal blocks allocation scam case allegedly involving top industrialist Kumar Mangalam Birla.
As far as possible, investment in the agriculture sector must be from the government, and not the private sector, states Santushti Raj Thapar.
The company has executed financing agreements for the imported coal fired project, the largest in South India.
Aditya Birla group flagship firm Hindalco Industries has decided to trim its overseas operations and is restructuring its capital expenditure in India in an effort to stabilise operations. As part of this overall plan, Novelis, which Hindalco acquired for $6 billion in 2007, is closing its sheet mill at Rogerstone in the UK, involving 440 job losses.
As the TCS management claimed, growth is becoming broad-based with most of its verticals delivering either flat or positive growth in this quarter.
As the Indian Army reported its first case of the infection with a 34-year-old soldier testing positive in Leh, the Army said it has taken a series of precautionary measures to prevent the spread of coronavirus among the forces such as checking flu symptoms among soldiers on their return from leave and cancelling non-essential travel, conferences and recruitment drives.
Satyam on Thursday closed registrations for potential bidders as it began a process to sell 51 per cent stake in the company, which is caught in the country's biggest corporate scandal. The board will make the financial and legal data available to those shortlisted companies who will qualify in the EoI criteria.
Amid rising coronavirus cases in India, the government has asked people not to panic, saying no community transmission of the virus has been observed and there has only been a few cases of local transmission so far and that it is "not a health emergency" in India at present.
Continuing with the same behaviour while things around you change is a sure recipe for failure. Successful leaders will demonstrate agility and adaptability.
Bullish on huge profitability and deep pockets, Corporate India started 2008 with an aim to conquer the world and pocket global firms, but ended with blues caused by bitter controversies, be it Tata's Nano, ICICI Bank share debacle, Satyam fiasco or Ambani vs Ambani battle.
A division bench of Justices S S Shinde and M S Karnik said they will pass the order at the earliest, without giving any date.
With the Tatas agreeing to sell its Scunthorpe steel plant in the UK to investment firm Greybull for a nominal one pound, the storied 'British Steel' name will be back in the now-ailing industry.
The Ministry of Home Affairs (MHA), in its circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.
Airtel reported a 19 per cent rise in its ARPU in the March quarter, as it removed the non-paying users from its network.
Petroleum Minister Murli Deora reviewed the impact of floods in Gujarat on oil installations and supply of products on Thursday.
Barring stray incidents of violence like stone pelting, the shutdown called by the MVA allies Shiv Sena, the Congress and the Nationalist Congress Party was largely peaceful.
News of all that's transpired on and off the football field
In the decider, Berrettini broke twice for a 4-2 lead but a rejuvenated Monfils dug deep and raced around the court to fight off three match points to force a final-set tiebreak. But it was Berrettini who leaned on his powerful serve to prevail and become the fourth Italian man to reach a Grand Slam semi-final in the Open Era.
Economists praise Das for his pragmatism and willingness to face challenges head on. And in doing so with the finesse of an able administrator.
Wipro Technologies is acquiring US-based Quantech Global Services for $10 million in an all cash deal to strengthen its competence in mechanical engineering design and analysis services.
Wipro Technologies on Monday said it has acquired Austrian firm NewLogic for $56 million in an all cash deal.
Several of his lenders have a lot to answer for.
Processes are at an advanced stage for a number of assets of the Centre and central public sector enterprises (CPSEs) to be monetised. The assets include office space, apartments, factories, land, power transmission assets, sports stadia, gas pipelines, and telecom assets.
'We may have moved back three decades on the fiscal situation,' notes T N Ninan.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
While IndiGo had 11.8 per cent of all the international seats to and fro India in the last week of August, Air India's seat share was 11.4 per cent. Emirates came third with 8.1 per cent, and rest of the airlines constituted 68 per cent of the seat share.
The announcement evoked a sharp response from the UK and Ireland's largest trade union, Unite, which said it would fight for every job and demanded that there would be no compulsory redundancies from Tata Steel.
CBI sources said a case has been registered against UK-based NRI Vipin Khanna, whose named had also figured in another defence deal probed by the agency. They said the kickbacks were allegedly paid in 2009 through subsidiaries of Embraer via a Singapore based company which is owned by the middleman.
How to shield brand McDonald's? While consumers may have ignored the legal battles plaguing the franchise in north and east India, closure of restaurants is not something they are likely to ignore.
