The Indiabulls promoters are dividing the real estate-to-finance-to-power group among themselves to bring greater focus to the constituent parts of the diversified conglomerate and also because of differing perceptions about individual companies.
SIAM president Vikram Kirloskar on Thursday hit out at CCI for the order and said that it completely ignores safety of consumers. Ironically, his statements came at sidelines of the annual session of ACMA that had lauded the verdict last Thursday.
The export policy is also likely to have incentives for 'domestic value addition' — the proportion of exports truly produced in India that will be dovetailed with the 'Make in India' programme.
The Centre is likely to take a final call on the controversial General Anti Avoidance Rule only by next February. The decision may well be announced by finance minister Arun Jaitley in his next budget presentation.
To check large-scale foreignexchange violations and generation of slush funds, a Special Investigation Team (SIT) on black money has asked RBI and Enforcement Directorate (ED) to jointly take on cases of huge exports outstanding.
Continuing to bet on the government's reforms agenda, overseas investors have pumped in a whopping Rs.
17,000 crore in the Indian capital market since the beginning of September.
As part of its 'go-green' initiative, HDFC Bank has started sending PIN, unique code number, for debit card holders through SMS instead of the practice of sending it by post.
Competition in the booming multibillion dollar Indian smartphone market is further set to intensify with e-commerce giants Amazon, Flipkart and Snapdeal all set to launch Google's much-awaited sub-$100 (around Rs.
6,000) handsets on Monday.
The Tata-Singapore Airlines venture Vistara has outsourced its engineering support services to original equipment maker Airbus and is also negotiating with homegrown AirWorks for maintenance, repair and overhaul (MRO) of its fleet.
India's industrial production grew 0.5% in July - its slowest pace in four months - dragged down by weak mining and consumer and capital goods output, indicating that the slowdown in Asia's third-largest economy could be stickier than thought.
The rally in midcap stocks on India's premier bourses hit a new peak on Friday, with the NSE CNX midcap index closing at a record 11,916.3, and the BSE midcap index regaining the 10,000 mark after six years.
India's retail inflation grew 7.8% in August, marginally lower than the previous month's 7.96%, latest price data released on Friday showed, but concerns remained over high food inflation.
The government on Friday said it would implement infrastructure projects worth Rs.
2 lakh crore this year to underline the priority of the sector in the overall economy.
The Supreme Court on Friday turned down Sponge Iron Manufacturers Association’s request to consider its proposal to safeguard investments in case the court cancelled allocations of 218 coal blocks, declared illegal by it on August 25.
Public sector banks are likely to examine all cases of corporate debt restructuring (CDR) in the wake of rising non-performing asset (NPA) levels at different state-run lenders and to ensure that such cases of recast were done for genuine reasons.