Sunday, January 26, 2020

‘Business’ News

The crucial verdict that flew under the radar

Saturday, November 16, 2019 17:36

Of the recent crop of Supreme Court verdicts, the one that got the least media attention, striking down the merger and reconfiguration of assorted tribunals, was the most consequential for India's democracy. The Ayodhya verdict got the most attention, naturally.While the Supreme Court managed to salvage a judicial verdict, albeit ...

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There is a sharing boom amid all this economic gloom

Saturday, November 16, 2019 17:30

In uncertain times, sharing rather than owning makes for a compelling proposition. Why buy a house or a car, or furniture or home appliances, or even classy clothes when you can rent them?The idea also fits into a millennial's way of life — spend more on experiences, like travel, rather ...

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Faster lane: The FASTag is here

Saturday, November 16, 2019 17:30

Driving on Indian highways means encountering many kinds of speed-breakers- intended and unintended. The latter category includes fellow drivers who are blase about lanes, cattle that have decided to cross the road and the toll collection plaza, where you stop every 45 minutes or so, idle behind a queue of ...

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Men’s office dress code is quietly changing

Saturday, November 16, 2019 17:30

In what can only be called a requiem to the suit, journalist Richard Godwin laments the death of smart dressing in an article in The Guardian, “The new workwear: has the Suit Finally Died?” Now a freelancer, Godwin admits he was once a proud wearer of suits and hoarder of ...

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Theatrical release still brings in over 60% of money a movie makes: Ajay Bijli, PVR

Saturday, November 16, 2019 17:30

In the 1990s, Ajay Bijli, chairman of PVR Ltd, kicked off India's multiplex revolution with PVR Anupam in Delhi. Many setbacks and three big acquisitions later, PVR Cinemas is now India's largest movie exhibitor, selling 112 million tickets annually. In an interview with Malini Goyal, Bijli talks about his journey, ...

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Kamdhenu Limited posts 20% rise in profit in H1 of FY20

Saturday, November 16, 2019 13:26

KOLKATA: Kamdhenu Limited, a leading manufactuer and seller of branded TMT bars, posted a 20% increase in total profit at Rs 13.3 crore in the first half of the financial year (H1FY20) compared to the same period last year. The company's royalty income went up 26% year on year (y-o-y) ...

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Essar Steel order will bring certainty to resolution process: Ficci

Saturday, November 16, 2019 11:54

NEW DELHI: The Supreme Court's judgement in the Essar Steel case would bring certainty to the resolution process in India at par with the global practices, industry body Ficci said on Saturday.The Supreme Court on Friday set aside an NCLAT order which gave equal rights to the secured and unsecured ...

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LIC Housing eyes to disburse Rs 55,000 crore in FY 19-20

Saturday, November 16, 2019 11:49

CHENNAI: LIC Housing Finance Ltd has set a target of disbursing Rs 55,000 crore worth loans during the current financial year, a top official said on Saturday. LIC Housing Finance Ltd., Managing Director and CEO Siddhartha Mohanty said the company disbursed Rs 48,000 crore worth loans during the last financial ...

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Shaktikanta Das calls for tighter governance at state-run banks

Saturday, November 16, 2019 11:00

India's central bank chief Shaktikanta Das called for stronger corporate governance at state-run lenders to make the country's banking sector more efficient.Describing the lack of strict governance as the “elephant in the room,” Das said this had led to elevated levels of non-performing assets, capital shortfalls, fraud and inadequate risk ...

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Anil Ambani quits as RCom director a day after dismal Q2 nos

Saturday, November 16, 2019 9:58

Anil Ambani has resigned from his position as director of Reliance Communications, along with four others, even as the bankrupt carriers nears the sale of its assets under the process of insolvency. Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from positions of directors, the company ...

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