Business
Govt Approves Pacts for Supply of Iron Ore to Japan, South Korea Through MMTC
MMTC will be supplying iron ore of grade (plus) 64 Fe, or high grade content, to Japanese and Korean steel mills from NMDC's Bailadila mines in Chhattisgarh.
Thai Companies Keen to Invest USD 3 Billion in Indian Infra Projects
Bilateral trade between India and Thailand has multiplied eight times since 2000 to reach USD 10 billion in 2017.
TCS Bets on Business 4.0 to Push Digital Revenue to Over $5bn This Year
TCS CEO and Managing Director Rajesh Gopinathan said Business 4.0 is thought leadership framework to help customers leverage digital technologies to address their growth and transformation agendas.
E-commerce Think Tank to Hold First Meet on April 24
There are several issues which the sector is grappling with and that includes who owns the business-to-consumer e-commerce space and involvement of multiple agencies like departments of IT, telecom, industrial policy, revenue and the RBI.
Right to Equality Can be Invoked if COC Violates IBC: NCLT Chairman
Justice M M Kumar on Saturday said the NCLT is trying its best to settle the cases that come in to it for adjudication and liquidation of the corporate entity in its view is the last resort as the Tribunal works to its optimum to find business revival pla...
India Will be Fastest Growing Economy in 2018, But Faces Trade War Threat, Says Report
The recent tit-for-tat import tariffs imposed by the US and China have raised concerns about a full-fledged global trade war which could throw an otherwise-strong world economy off-course.
Infosys Tanks 6% on Lower Margin Guidance
Shares of the company on Monday opened on a weak note and fell to an intra-day low of Rs 1,099, down 5.98 per cent from its previous closing price.
2 Years Ago, RBI Found No 'Quid Pro Quo' in ICICI Loans to Videocon, Show Documents
The RBI had undertaken a scrutiny in mid-2016 after the Prime Minister's Office referred to it allegations of ICICI Bank CEO Chanda Kochhar's husband, Deepak reaping windfall gains from his association with businessman Venugopal Dhoot, whose Videocon Grou...
Indian Investors Concerned About Data, Confidentiality Breach: Survey
According to the survey done by CFA Institute, a global association of investment professionals, 71 per cent of Indian investors trust the financial services industry, compared to 44 per cent globally and 49 per cent in the Asia Pacific region.
RBI Holds Up Year-end Bonuses of ICICI, HDFC and Axis Bank CEOs; Questions Size of Payouts
According to the report, ICICI approved a bonus of Rs 2.2 crore for Kochhar while Axis Bank’s Shikha Sharma was set to receive Rs 1.35 crore and HDFC Bank’s Aditya Puri about Rs 2.9 crore. A comment from either of three banks or the RBI was not forthcomin...
RBI Allows Banks to Spread Bond Loss Provisioning Over 4 Quarters
In a notification, the RBI also asked commercial banks to create an Investment Fluctuation Reserve (IFR) so as to build up adequate reserves as protection against increase in yields in future.
ArcelorMittal, Vedanta, NuMetal-JSW Submit Fresh Bid for Essar Steel
Six firms had initially put in expressions of interest to acquire Essar Steel, whose Rs 51,800 crore of outstanding debt claims have been admitted under the bankruptcy process.
ICICI Bank, Axis Bank Together Lose Rs 13,216 Crore in Market Capitalisation
The shares of ICICI Bank took a beating amid controversy following reports about alleged involvement of Chanda Kochhar and her family members in a loan provided to Videocon Group on quid pro quo basis while the shares of Axis Bank fell amid reports that t...
Government Exploring New Duties on Imports of Key Smartphone Component, Say Sources
The Union Ministry of Electronics and Information Technology has mooted a proposal to levy a 10 percent duty on the import of populated printed circuit boards (PCBs), two government officials told Reuters this week, declining to be named as the matter is...
CBI Questions ICICI Bank Officials in Videocon Loan Case
Agency officials said they are studying relevant documents of the transaction and if they come across any evidence that indicates wrongdoing, ICICI bank MD and CEO Chanda Kochhar, her husband Deepak Kochhar along with others could be summoned for detailed...
JSW Steel to Buy US Based Acero Junction for $81 Million
JSW Steel entered into a stock purchase agreement on Wednesday with JSM International Ltd, Acero Junction Holdings Inc and Acero Junction Inc for the acquisition, the steelmaker said in a statement.