Companies

Zee CEO Punit Goenka breaks his silence, talks about Invesco's February proposal

In his note dated October 14, Goenka said the key reason to present the series of communications exchanged with Invesco to the Board of Directors of ZEE was to bring the truth out in the interest of all stakeholders.

Political nod to Air India sell-off to Tata Sons likely this week

The empowered group of ministers led by Amit Shah, is known as the Air India-Specfic Alternative Mechanism (AISAM) and also includes Nirmala Sitharaman, Piyush Goyal and Jyotiraditya Scindia.

Tata Sons to hold 103rd AGM on September 14. Here're the details

As per the report, at the AGM, apart from seeking reappointment of Saurabh Agarwal as the ED, Tata Sons will also look at increasing his remuneration by 35 percent from Rs 15.85 crore to Rs 21.45 crore.

Infosys to open new digital development centre in Canada, create 500 jobs in three years

Spanning nearly 50,000 square feet and bringing significant investment from Infosys to Canada, this digital development centre will train, upskill, and reskill employees in the technologies needed to help the country’s businesses accelerate their digital transformation.

New hallmarking rules a drag on supply chain: Ashok Sonthalia, CFO, Titan Company

The organised jewellery sector and retail chains such as Tanishq have hailed the government’s new hallmarking rules. However, norms for unique IDs have led to pile-ups at assaying and hallmarking centres and impacted the supply chain.

Private sector ‘animal spirits’ still missing, more investment needed: Revenue Secretary

Addressing the annual summit of industry body CII, Tarun Bajaj said that the resilience shown by India Inc through its corporate results was not translating to more investment on the ground.

Anjali Sud interview | From daughter of Indian immigrants to CEO who transformed Vimeo

It's rare to see a female CEO ring the Nasdaq stock opening market bell. It's rarer still when she is of Indian origin and does it minutes after cradling a 2.5 year old baby in her arms. So it wasn't surprising when Vimeo CEO Anjali Sud's picture with her son, moments before she took the video software & marketing platform public, went viral last month. Sud, who took charge as CEO in 2017, spoke to Moneycontrol via Zoom from New York, on how her Indian roots influenced her leadership, if Vimeo will ever look at audio solutions, her plans to expand in India and how she strikes a fine balance as CEO and mom.

Why you should buy term insurance and how to choose the right one

With a severe second wave of Covid peak in India during April and May, the number of people between the age of 25 and 35 buying term insurance was 30% higher than in the previous three months combined, according to data from Policy Bazaar. According to industry insiders, enquiries about insurance plans have sky-rocketed even after infections subsided, perhaps on strong prospects of a third wave. If you plan to buy term insurance too, watch this video as Karunya Rao gets you a detailed checklist with step-by-step guidance before you finalize your insurance provider.

Tata Sons Legal Head Shuva Mandal, who led fight against Cyrus Mistry, Steps Down

Prior to Tata Sons, Mandal was the National Practice Head ( M&A & Corporate ) at law firm Shardul Amarchand Mangaldas. An NLS alumnus, he began his career at law firm AZB & Partners where he spent 15 years.

Barings Private Equity Asia Lead Suitor For Acquiring Healthcare Arm Of Hinduja Global Solutions

The Indian portfolio of Barings Private Equity Asia includes firms like Hexaware, Virtusa, Citius Tech, Coforge ( formerly called NIIT Technologies), CMS, AGS Health and RBS Bank. Reports indicate the PE firm has put delisted IT firm Hexaware on the block for $2.5 to $3 billion.

COVID-19 deep freezes peak-season ice cream sales for 2nd straight year

Ice cream makers get a big chunk of their sales and profits in the April-June period but lockdowns in many regions has derailed demand even though dairy products have been listed in the “essential” category of goods.

CCEA clears 'strategic divestment' of IDBI Bank

The centre and LIC together own more than 94 percent of equity of IDBI Bank, with the centre owning 45.48 percent and LIC owning 49.24 percent. LIC is currently the promoter of IDBI Bank with management control and GoI is the co-promoter.

25% of Nifty heavyweights report quarterly earnings this week

With more than 25% of Nifty heavyweights poised to declare earnings this week, here is what investors can expect

Explained | Why airlines want government to lower capacity cap

The second coronavirus has delivered another blow to airlines just when they were recovering from last year’s upheaval, which has prompted demands for fiscal support and measures to ensure that the pain is evenly shared by the large and small carriers.

Petrol, diesel under GST: Centre keen to discuss possibilities with states

While FM Nirmala Sitharaman said that there is no concrete proposal, Moneycontrol has learnt that the Centre would like to start discussions with states. Policymakers in Finance Ministry acknowledge it will be a long process to implement what they consider an 'overdue reform'

EXCLUSIVE | Bifurcation of state-owned GAIL put on hold

The government's plan was to unbundle GAIL into two companies for gas transmission and marketing business and the state-run company had entrusted Ernst &Young as a consultant for this.

The fine print in Budget 2021-22

Changes to digital tax and depreciation on goodwill are some of the fine print we stumbled across in our first look of the Budget documents

Explained: Here's Why RBI Charged Bajaj Finance Rs 2.5 cr For Violating Recovery Norms | Know Your Rights

The Reserve Bank of India has imposed a penalty of Rs 2.5 crore on Pune-based Bajaj Finance Limited. They have been charged for violating regulatory norms pertaining to recovery and collection methods from their borrowers. Watch the video to find out what are the rules that recovery agents, banks and NBFC should adhere to.

Here's why this Chennai-born software engineer joined the fight against unethical practices of Google

Muthukumar is one of the 400 odd Google employees who have formed a union to promote workplace equity and ethical business practices.

Govt to not extend Covid-19 relaxation for documentation by companies beyond December 31

These provisions include the Fresh Start Scheme of companies and limited liability partnerships (LLPs) and a scheme related to relaxation in filing forms for creation or modification of charges.

RIL To Buy Out IMG Worldwide’s Stake From Sports Management Joint Venture

RIL had formed an equal joint venture with IMG Worldwide in 2010 to develop, market and manage sports and entertainment in India.

Retail CFOs say worst is behind, hope to recoup COVID losses this festive season

Many retailers are hoping to make up for their losses in the lockdown, with sales during the festival season

Analysts bullish on ITC’s FMCG and food segment prospects

According to JM Financial, ITC’s FMCG segment is possibly one of the most under-appreciated businesses in the Indian consumer space in recent times.

3-Point Analysis | How Trump’s order to lower drug prices will impact Indian pharma industry

Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand the impact of Trump’s executive order on the Indian pharma industry.