Breaking news, views, reviews, cricket from across India

  • Reliance Communications confirms NCLAT move against insolvency order
    on May 22, 2018 at 7:23 am

    NEW DELHI: Reliance Communications Tuesday confirmed that it has moved the National Company Law Appellate Tribunal (NCLAT) against the lower court's order on beginning insolvency proceedings against the company and its two subsidiaries."The directors of Reliance Communications Limited and two of its subsidiaries Reliance Telecom Limited and Reliance Infratel Limited, today filed appeals before the Hon’ble National Company Law Appellate Tribunal (NCLAT), New Delhi, challenging and praying […]

  • Hindustan Unilever questions Nielsen data
    on May 22, 2018 at 7:06 am

    MUMBAI: Hindustan Unilever, the country's biggest consumer goods firm, said market research firm Nielsen is not giving a correct indicator in terms of growth and market shares."If you look at Nielsen, it is saying in the last three months or last twelve weeks, the demand has gone down. We don't believe those numbers for the simple reason that there are base issues and we firmly believe that Nielsen operates much better when there is relatively stability in the market," HUL's MD Sanjiv Mehta […]

  • Despite selloff, Shankar Sharma still swears by smallcaps
    on May 22, 2018 at 5:57 am

    In a selloff, pick those companies that have fallen 25-30 per cent with an unchanged earnings outlook and no debt, says Shankar Sharma, VC & Joint MD, First Global, in an interview with Nikunj Dalmia of ET Now.Edited excerpts: Warren Buffett is 90 and going strong. What do you envy about him? The only thing I envy about Warren Buffett is his genetics! Eating that crap for so many decades, drinking sugary Coke and eating burgers and he is batting like he can go on forever! Trust me, that […]

  • SGX to launch Indian derivatives despite legal move by NSE
    on May 22, 2018 at 5:48 am

    62853301 62896805 64267108 SINGAPORE: Singapore Exchange Ltd (SGX) said it plans to list new India-related equity derivative products in June despite the National Stock Exchange of India (NSE) applying for an interim injunction in a Mumbai court against their launch.NSE's legal move and SGX's response intensify the spat between the two exchanges after India's three main bourses unexpectedly announced in February they would stop licensing their indexes to foreign bourses from August.SGX had […]

  • Infosys in a very safe & stable place: Nandan Nilekani
    on May 22, 2018 at 5:11 am

    After many months of turbulence, Infosys chairman Nandan Nilekani said the company has demonstrated resilience. In a letter to shareholders on how the company’s new strategic road map will unfold, Nilekani said, “The resilience of the company has shone through and we are now in a very safe and stable place. The strategy refresh we undertook in the last six months has clearly outlined the way forward for us,” he wrote in the company’s 2018 annual report.Infosys was caught […]

  • Tata Steel forms crack team of 35 to make a success of Rs 35,000-cr Bhushan gamble
    on May 22, 2018 at 2:55 am

    KOLKATA: Tata Steel has formed a crack team of 35 officials to integrate within its fold its largest and most recent acquisition in the country, Bhushan Steel.The acquisition will be retained as a separate entity – at least for now – by India’s oldest maker of the alloy.The team comprising executives at various levels and across different functions has its task cut out – to ramp up production to the acquisition’s nameplate capacity of 5.6 mt over the next two years […]

  • Modi govt can't find universities to turn into India's own Harvard
    on May 22, 2018 at 1:56 am

    NEW DELHI: A high-powered committee set up to select 20 top educational institutes that will be given the ‘Institute of Eminence’ status has told the government that it found it tough to select the required number of institutes, highly placed sources told ET.An empowered expert committee (EEC) under former chief election commissioner N Gopalaswami was announced in February this year to recommend 20 institutes worthy of the high-profile status.The committee, which is yet to formally […]

  • A small UP suburb could decide who wins the Samsung-Xiaomi war
    on May 22, 2018 at 1:31 am

    NEW DELHI: Samsung will begin production of mobile phones from its expanded facility in Noida this year, even as it plans to double its output by 2020. The move could help the South Korean company reduce the time to market, increase feature localisation, and wrest back consumer share.The global electronics major, which has made its largest investment in India in expanding the manufacturing plant located in Noida, Uttar Pradesh, near Delhi, will also assemble printed circuit boards (PCBs) in […]

  • An Ambani co makes a last-ditch effort to stay afloat
    on May 21, 2018 at 5:57 pm

    Reliance Communications and its subsidiaries filed pleas in the appellate tribunal to set aside the National Company Law Tribunal’s decision to start insolvency proceedings against them on a petition filed by network vendor Ericsson.The move comes as the Anil Ambani-controlled companies are in talks with Ericsson to settle a long-pending dispute over unpaid dues worth more than Rs 1,000 crore owed to the Swedish telecom equipment maker.Reliance Communications, Reliance Infratel and […]

  • British Columbia may open doors for talent from India
    on May 19, 2018 at 1:41 am

    VANCOUVER: In a move that could open the doors for skilled professionals in Canada’s technology sector, the province of British Columbia is looking at India in a big way to rope in talent under its provincial nominee programme.The programme enables the provincial government to nominate over 6,000 people every year to the federal government for permanent residency in British Columbia, based on an online points system that assesses the applicant’s work experience, language skills and […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]