"The proposed reform will balance the need for standstill requirement and the compelling element of time sensitivity in market purchases. It is a major step towards ease of doing business," Ashok Kumar Gupta, the CCI Chairperson added.
The Competition Amendment Bill aims to bring sweeping changes to India’s Law, setting new checks on abuse of dominance, purchase of controlling stakes and M&A agreements by companies and much more. Nisha Poddar is in conversation with CCI Chairman, Ashok Kumar Gupta to share more details on the bill
A CV is the prospective employer's first impression of you. Get it right by following these pointers.
From a capital deficit country, India is at a stage where “cash flows are sufficient to propel growth”, the National Bank for Financing Infrastructure and Development chairperson has said
The Caribbean cricket board has been engaged in rebuilding, reorganisation and strengthening relations with its counterparts. As global cricket expands, Cricket West Indies wants to ensure that development of the game is not lost. Rickey Skerritt speaks about the all that, how both boards handled the baggage crisis and more.
Prashant Kumar, Yes Bank’s MD & CEO, also said both Advent and Carlyle will each have one Nominee Director on the bank’s board
Bank is in talks with premier institutes to extend education loans and wants to double disbursements under this head from Rs 7,000 crore currently, the MD said
Managing inflation is more important than worrying over the exchange rate, as high inflation in the domestic economy means that the worth of the rupee is declining
On the firm’s Q1FY23 numbers, Om Manchanda said the diagnostics chain's legacy business was up 15% YoY
Celebi Aviation, the largest ground-handling company in the country, is keenly awaiting the divestment of Air India’s ground-handling unit. In the light of the strained relations between Turkey and India, CEO Murali Ramachandran tells Moneycontrol: “We are a global company. You can't wrap it in a country's colour or flag.”
YES Bank Board had on July 15 approved US based JC Flowers Asset Reconstruction Company's bid to be considered the base bid for the proposed sale of stressed assets via Swiss challenge auction.
According to Pronab Sen, India’s former chief statistician, the government must ensure fiscal support to ensure the economy does not tip over into a slowdown at a time when the RBI is applying brakes to curb red hot inflation.
"We are always in a new period when it comes to conservation of artworks. Even biological attacks like viruses and bacteria on paintings are related to climate change." - Chiara Rostagno
Ravi Lambah, head of Investment Group at Singapore investment giant Temasek weighs in on the 'funding winter' and stress in the Indian startup sector which is tackling depressed valuations and layoffs. In a free wheeling chat with Moneycontrol's Ashwin Mohan, Lambah says Temasek which has pumped in $16 billion in India so far, is betting big on segments like financial services and agri tech, even as he highlights the importance of the ESG factor in dealmaking.
If you are a long-term investor, it is a great opportunity to stagger buying (in bond markets) over the next two months, through the mutual fund route, says BofA top boss
India's private space industry clocks a huge milestone, with 2 Indian start-ups launching payloads into space for the first time. Start-ups Dhruva Space and Digantara are the first to get authorisation for launching payloads by IN-SPACe, an organisation formed to amplify India's private sector space activity. Watch IN-SPACe Chairman Dr Pawan K Goenka talk about India's SpaceX moment, and what this means for the future of the country's space sector.
Vandana Hari, founder and CEO of Vanda Insights, said the correction was mainly due to two factors — new numbers for Libya’s oil production and US markets turmoil due to sell-off in broader risk assets
UBS India's India economist says the RBI, by frontloading the interest rate cycle, is ensuring the Indian rupee doesn’t get into a free fall and at the same time the central bank is not being too much behind the curve, while also avoiding the impact of these factors feeding into household inflation expectations
"I held the stone close to my eyes, it blocked my vision. I held the same stone one feet away from my eye and look I can now continue to see both the stone and the world," Subramaniakumar said referring to the markets' reaction to his appointment as RBL Bank top boss.
Manishi Raychaudhuri feels that the market could go as much as 15-20 percent lower based on earnings downgrade
Rise in income levels and time correction in property prices over the last few years have led to better affordability for buying homes, says the top boss at HDFC
Carl Elsener says India has not been a ‘do-it-yourself’ country and it required time and effort for his company to make its multi-purpose tools well acceptable in India. He says travel gear is poised to become a best-selling category in India, with almost 40 percent of business coming from that segment
Testing for COVID-19 has seen a significant drop from being about 30 percent of SRL’s revenue in January to almost 7 percent in March. The CEO of SRL Diagnostics says that going forward about to 3-4 percent of their overall testing will be COVID-related, and the remaining, non-Covid
Vasudevan had announced his decision to move on from the bank on May 19.
The only stumbling blocks, says Balaji, are semiconductor availability for JLR, inflation, and the ability to manage cost challenges at Tata Motors