Market News

Proceeds from Tata Steel deal to be used to repay debt: Usha Martin

The company also said that it is clarified that UML will use the entire consideration (net of transaction costs and taxes, if any received from this sale to discharge liabilities to lenders. Continue reading

Posted in Global India, Market News, News |

Gujarat to bring law to make 80% local hiring must for firms

The proposed law also will make it compulsory for industrialists to recruit 25 per cent of the required manpower from the area where they set up a new unit. Continue reading

Posted in Global India, Market News, News |

Why not use toll money to repair pothole-riddled roads? asks Bombay HC

The bench made the observation while hearing a bunch of public interest litigations (PILs) highlighting the poor condition of some arterial roads in and around the city. Continue reading

Posted in Global India, Market News, News |

State chanting mantra of #39;judicial activism#39; to oppose PILs regrettable: SC

The bench made these observations in its order delivered on a matter relating to inhuman conditions in 1,382 prisons across India. Continue reading

Posted in Global India, Market News, News |

Novartis slashes thousands of jobs in Switzerland, UK

The Swiss group said in a statement there would be a net-loss of 1,000 jobs at different manufacturing facilities across the wealthy Alpine nation, in Basel, Schweizerhalle, Stein and Locarno. Continue reading

Posted in Global India, Market News, News |

SC verdict on reconsidering order on quota benefits for SC/ST in job promotions likely on September 26

The bench, also comprising Justices Kurian Joseph, R F Nariman, S K Kaul and Indu Malhotra, had reserved its verdict on August 30 after hearing various stakeholders, including the Centre, on the matter. Continue reading

Posted in Global India, Market News, News |

Videocon Telecom lenders invite bids under insolvency law

The corporate insolvency resolution process of Videocon Telecommunications was commenced under the IBC following an order by the NCLT Mumbai bench on June 11, 2018. Continue reading

Posted in Global India, Market News, News |

FM Arun Jaitley hits out at Raghuram Rajan for MSME banking crisis statement, says postmortem is easier than action

“I think for anyone to do postmortem is easier than action when it was required,” Jaitley said when asked to comment on Rajan#39;s view about MSME to be next source of crisis for the banking sector. Continue reading

Posted in Global India, Market News, News |

Majority of workers earn less than Rs 10,000 per month but wages growth steady: Report

The report titled #39;State of Working India 2018#39; noted that most sectors, except agriculture, have reported an increase in real wages by 3 percent or more annually. Continue reading

Posted in Global India, Market News, News |

Trump-Kim summit offers hope for #39;full, verifiable#39; denuclearisation of N Korea: UN chief Antonio Guterres

He said despite the chaos and confusion in the world, he is heartened to see #39;winds of hope#39; blowing around the globe Continue reading

Posted in Global India, Market News, News |