Commerce and industry minister Piyush Goyal has suggested that the real estate sector and the government work together using the PM Gati Shakti platform to drive connectivity and affordability in the housing sector. “If the government and your sector were to work in tandem we would be in a position to guide the government sponsored
State-owned Bharat Sanchar Nigam (BSNL) has marginally narrowed its net loss to Rs 2,785 crore in the April-September period from Rs 2,951 crore in the year-ago period, according to financial statements. This came on the back of an increase in revenue and income tax-related adjustment of Rs 168 crore in the July-September quarter. Revenue from
Wipro has appointed Omkar Nisal as the Chief Executive Officer of its Europe Strategic Market Unit (SMU), effective immediately. Omkar will report to Srinivas Pallia, CEO and managing director, and will also join Wipro’s Executive Board. He succeeds Pierre Bruno, who is stepping down from the role. Bruno’s departure marks the fourth significant exit from
The National Financial Reporting Authority (NFRA) has recommended a host of auditing standards for the limited liability partnerships (LLPs) on Monday that will make them more accountable and increase transparency. The NFRA recommended that a total of 40 standards on auditing (SAs) and related standards on quality management (SQM), which were finalised by the regulator
The monetisation of India Tourism Development Corporation (ITDC)’s prized property The Ashok with land parcels will likely kick off soon with the floating of expression of interest (EoI), sources told FE. “The ITDC has readied the draft EoI,” a senior official said. The government is keen on the conclusion of a leasing deal as soon
Hindustan Unilever Ltd (HUL) announced on Monday that its board of directors has granted in-principle approval to demerge its ice-cream business into a separate listed entity. “The Board considered different modes of separation of the ice-cream business and after due consideration, with a view to maximise value for all the shareholders, the board has accorded
After the US District Court and SEC indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani and six others in a $265 million bribery case, GQG Partners issued a statement maintaining confidence in the group companies’ fundamentals. “As the facts currently stand on 21 November, we do not see these actions as having a
Amidst the ongoing crisis being faced by Adani Group wherein its chairman Gautam Adani, his nephew Sagar Adani and six others are indicted by a US court in a $265 million bribery case, TotalEnergies SE said that it will not make any new financial contribution as part of its investments into the Adani Group companies.
By Chaitali Dutta How should I apply for a loan against my mutual funds? Will the interest rate be lower than that of a personal loan?—Arvind Iyer Yes, you may look for a loan against securities like your mutual funds. However, the loan amount will be about 50% of the value of the equity schemes
The country’s largest organised retailer, Reliance Retail, may be back on the growth path in the third quarter of the current financial year backed by festive demand, sector analysts said. Parent Reliance Industries (RIL) is set to declare its financial results on January 16. In the result preview ahead of RIL’s earnings next week, global
A term insurance plan under the Married Women’s Property (MWP) Act will ensure financial protection of the insured’s wife and children in his absence. The insurance pay-out will only go to them and no creditor of any outstanding loan of the insured can stake claim on the amount. In case a woman is opting for
Zomato will not launch private labels and Blinkit’s quick food delivery platform, Bistro, operates independently without using any data from its Gurugram-based parent, Blinkit CEO Albinder Dhindsa clarified on Friday. The statement comes a day after the National Restaurant Association of India (NRAI) announced plans to take legal action against platforms like Zomato for allegedly
Infosys has escalated its legal battle with Cognizant by filing a counter-lawsuit in a US court. The lawsuit accuses the Nasadq-listed Cognizant and its CEO, Ravi Kumar, of engaging in anti-competitive practices and misusing sensitive information to undermine Infosys Helix, its flagship healthcare platform. The allegations were reported by Moneycontrol and mark a significant development
