Date wise Archive

NEW DELHI

Revising its recommendation, proxy advisory firm Institutional Investor Advisory Services (IiAS) has supported removal of independent director Nusli Wadia from board of Tata Motors and Tata Steel, saying it was in the long-term interest of Tata Group.

Mumbai

In what could prove to be a crucial week in the ongoing boardroom war between Tata Sons and its ousted Chairman Cyrus Mistry, four listed firms of the group will vote on resolutions to remove him as director from their boards.

NEW DELHI

A special anti-money laundering court here has confirmed an attachment of assets order worth over Rs 749 crore issued by the ED against YSR Congress chief Y S Jagan Mohan Reddy, his wife and others in a money laundering case.

Noida

Police have sought transaction details of two accounts and CCTV footage from Axis Bank in Noida in connection with a raid carried out at the bank branch by the Income Tax Department which had unearthed Rs60 crore from the accounts of 20 shell companies.

NEW DELHI

After a challenging year amid global headwinds and cash-crunch back home, the job market is heading for yet another gloomy year with employers already on 'wait and watch' mode and pay hikes indicating a weak trend, say experts.

NEW DELHI

Union Minister Santosh Kumar Gangwar has said the Union government never talked of going 100 per cent cashless, but even if the country achieves 15-20 per cent success in going cashless it will be a big achievement.

Mumbai

Textile and apparel major Raymond has seen nearly 30 per cent decline in demand since demonetisation was announced last month, but expects the situation to ease early next year.

Mumbai

The Indian packaging industry, currently pegged at USD 25 billion, is growing at a rate of 15 per cent per annum and is set to touch USD 30 billion to 35 billion mark by 2020, a top Central Government official said and called for matching global standards in the secto

NEW DELHI

Noted economist and former Planning Commission member Saumitra Chaudhuri passed away on Sunday. “Chaudhuri passed away today morning at 8 am. He was diagnosed with liver cancer.

Vijayawada

A senior official of Excise and Prohibition Department has been allegedly found in possession of assets worth about Rs five crore and Rs seven lakh in Rs 2,000 notes were also seized from him, Anti-Corruption Bureau sources said Sunday.

Mumbai

City-based FMCG startup Nilgai Foods is tapping the institutional segment to drive sales and is looking to raise about USD 10 million to fuel its expansion across the country, a top company official said.

Kolkata

In the wake of Insurance Regulatory and Development Authority of India's (IRDA) reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.

NEW DELHI

Retirement fund body EPFO is likely to retain 8.8 per cent rate of interest on EPF deposits for the current fiscal for its over four crore subscribers -- same as 2015-16 -- at its trustees meeting on Monday.

Mumbai

As economic and political headwinds slow global trade in commodities and manufactured goods, opportunities linked to services will be more and are expected to form 25 per cent of global trade in a sustained manner by 2030, a report by HSBC has said.

NEW DELHI

With "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax rollout could be delayed by a quarter to July 1 as industry would require time to prepare itself, experts said.

Mumbai

Two plush properties belonging to troubled businessman Vijay Mallya, Kingfisher House in the city and Kingfisher Villa in north Goa, will be re-auctioned this week by the 17-lender consortium at lower reserve prices compared to the failed previous three auctions.

NEW DELHI

The Reserve Bank of India is unlikely to cut interest rates despite the India Inc's wish, given continuous pressure on the rupee and other global factors impacting it, industry lobby Assocham said on Sunday.

Mumbai

NSE has applied for regulator Sebi's approval to set up an international exchange at Gujarat International Finance Tec (GIFT) city and will begin roadshows to inform stakeholders on the new initiative from next week.

NEW DELHI

Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with CIL bringing up the maximum losses, as the benchmark Sensex lost nearly 1 per cent.

Kochi

Congress Vice President Rahul Gandhi's corruption charges against Prime Minister Narendra Modi was not a "loose statement", senior party leader Anand Sharma said here today. "Definitely there are issues. It is not a loose statement.

Kochi

Congress today targeted RBI and banks in the country, saying people have "lost faith" in the "banking system" after Prime Minister Narendra Modi's "disastrous movement" to demonetise the high-value currency notes.

NEW DELHI

Expelled AIADMK MP Sasikala Pushpa has moved the Supreme Court seeking a CBI probe or a judicial investigation by an apex court judge into the death of J Jayalalithaa.

NEW DELHI
In the backdrop of demonetisation, Union Environment Minister Anil Madhav Dave asks young forest officers to emphasise on cashless transaction and push towards making all activities digital to root out corruption.
NEW DELHI

The railways has sought from the public innovative ideas to increase passenger-carrying capacity of coaches, ensure easy accessibility to trains from low-level platforms and develop new digital capabilities at stations.

Mumbai
Government's bid to create a level-playing field between major and non-major ports through the Major Port Authorities Bill puts the supremacy of the privately-run ports at risk, a brokerage report has said.
NEW DELHI

Government will install 10 FM radio towers in far-flung villages along the Indo-Nepal border as per a plan mooted by frontier guarding force Sashastra Seema Bal to counter anti-India propaganda and "increasingly" involve locals in the mainstream.

Thiruvananthapuram

A motorcycle ambulance project has been launched in Kerala, which stands third in the country in terms of road accidents with nearly 4,000 deaths and 40,000 injuries annually.

KOTTAYAM (KER)

A first year student of the Government Polytechnic College here has been hospitalised with kidney damage after he was brutally ragged by eight senior students, police said today.

Lucknow

Terming demonetisation as a "conspiracy" of BJP and the Prime Minister, Delhi Chief Minister Arvind Kejriwal today said people of Uttar Pradesh, "who made Narendra Modi the PM", will now teach BJP a lesson for the "anti-people" step.

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