The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
As India's top designers including Tarun Tahiliani, Vikram Phadnis, David Abraham, Rohit Bal, Rajesh Pratap Singh and Wendell Rodricks gather in Varanasi today to try and give a boost to the Benarasi handloom sari, in an initiative by designer turned BJP politician Shaina NC, Rashme Sehgal outlines the crisis facing the weavers.
The agreement means consumers will enjoy more choices and varied price points.
West Bengal Chief Minister Mamata Banerjee is not ready to give credit to Narendra Modi for development work in Gujarat and feels her own model is much better and has paid good dividends.
'Fear psychosis has gripped the entire world.' 'Nobody is going to enter shops freely in the next 5, 6 months.' 'Secondly, the priority has changed.' 'Now that they have seen the bottom of the economy, people will prefer to save for tomorrow.'
India is the second largest buyer of Iranian crude, after China.
'Once our voices are crushed, they can bring in an agenda of privatisation.'
Key macroeconomic indicators suggest softening industrial growth.
Central bank likely to keep tabs on large wilful defaulters; policy likely by month-end.
A 20-year-old Kshamaya Daniel has her first experience of an Indian fashion week. She survives it to pen this photo diary of her colourful, adrenaline-packed experiences.
Ranjita Ganesan and Nikita Puri chronicle the journey of Abhishek Poddar, one of India's leading art patrons.
A look into the challenges of selling loss-making public units.
For August, CRISIL core inflation indicator stood at 3.6 per cent, a tad higher than RBI's measure.
With EU, it is part of the FTA that we will need to negotiate.
BMS, BKS and SJM are trying to forge common cause with outfits on the other side of the ideological divide over the government's policies they are not in agreement with.
'It is time to allow the rupee to move towards its true value, as it is hurting Indian exports, investment and SMEs associated with export sectors that create jobs,' argues Pravakar Sahoo.
Janmejaya Sinha lays down Urjit Patel's agenda - cleaning up bank balance sheets, evaluating robustness of CPI and pushing for digitisation in financial services.
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After a string of extremely low and even negative monthly numbers, the industrial sector grew by 2.6 per cent year on year, far exceeding expectations.
'When a new superhero film releases, China creates figurines based on the film and puts them out in the market along with the film's release.' 'Does our domestic manufacturing sector been able to do it so quickly? No.' 'We have a large millennial population and we have to make products that are more in line with the tastes of those people.' 'The MSME sector can win back its customers only this way.' 'When they change with the consumers's needs, there will be a move towards Indian products.'
Strategic sales are tricky and were last undertaken when the Vajpayee government was in power.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
Manavi Kapur and Avantika Bhuyan speak with leading designers about trends that will sparkle in the new year.
Sandeep Pandey salutes women who have contributed to social transformation in India after 1980.
India's exports are estimated to have remained at around $312 billion in 2013, while the final figures for 2014 could be around this figure only.
Investors turn their attention to export-driven sectors.
On the second leg of his trip to Central Asia, Narendra Modi makes quite an impression in Astana, as he talks about terror and trade, films and the future
Quikr founder & CEO Pranay Chulet tells Raghu Krishnan and Bibhu Ranjan Mishra why money has never been an issue for Quikr and that someday he will make a romantic comedy.
FDI inflows into India were $34 billion in 2014, up 22%.
This was the highest rated show in the week under consideration (August 17-23, 2014). The show outdid shows like Diya Aur Baati Hum (Star Plus), Jodha Akbar (Zee Tv) and Kumkum Bhagya (Zee TV).
In the fourth part of this series on North East Indian fashion designers and their struggles to attain success and visibility, Atsu Sekhose says he defines his success mantra as "repeat customers + good sales."
Managing expectations is a challenge for policymakers.
Avantika Bhuyan on how Feroze Gujral is making her mark on the world of art.
'India easily remains one among the more attractive large economies, with high growth and stable/improving macros, as a top investment destination.' 'We are looking pretty good.'
Corporate India's earnings in the past two quarters were largely driven by the rupee's sharp fall versus the dollar in the second quarter of this financial year.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
The only two truly successful private airlines in India - Jet Airways and IndiGo - have been set up and run by people who knew the ins and outs of the trade well before they took to the skies.
The 30-share Sensex closed up 34 points at 27,831 and the 50-share Nifty ended up 15 points at 8,356.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
Many economists say only a substantial rise from October would point to a real recovery.
