Piramal Group wins bid for DHFL with 94% votes
Piramal received 94 per cent of the votes from the Committee of Creditors (CoC), said people in the know. The minimum requirement for winning a bid is 66 per cent votes.
Centre may intimate qualified bidders for Air India by Jan 30
People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.
Lack of managers keeps India's businesses small: Study
The study shows that the lack of managerial delegation factors significantly into why businesses in India tend to stay small and this has wider implications on the country's economy, constraining innovation, economic growth and per capita income.
Kerala FM presents Budget, aims to generate 8 lakh jobs
Addressing the Assembly, Issac said that it was a "people-centric and welfare-oriented Budget" and that schemes proposed in it would help support the underprivileged and downtrodden people amid the coronavirus pandemic.
Mumbai businessman nabbed for Rs 31 cr GST fraud
According to a GST statement, accused Anuj Gupta, who has five registered firms, including two in the Union Territory of Dadra and Nagar Haveli, was nabbed from Vile Parle.
Rising Chinese demand brings good fortune for Indian steel sector
Steel prices have already touched all-time high in the domestic market and are currently hovering around Rs 57,250 per tonne. Through Q3, HRC (hot roller coils) and Primary rebar prices increased by Rs 12,000 per tonne and Rs 15,500 per tonne respectively.
Share Market: Sensex plunges 700 points, gives up 49,000 mark
Sensex is trading below the psychological level of 49,000 points. The decline on the Indian indices came due to profit booking by traders after the recent bull run, analysts said. Heavy selling pressure was witnessed in banking, IT and auto stocks.
Petrol, diesel price rise pauses after consecutive days of increase
Accordingly, in the national capital, petrol continued to be sold at the new record high level of Rs 84.70 a litre while diesel prices remained at Rs 74.88 per litre. Across the country as well pump price of petrol and diesel remained static on Friday.
Share Market: Sensex loses over 200 points; banking, IT stocks fall
Selling pressure was witnessed in banking and IT stocks. At around 10.10 a.m., Sensex was trading at 49,353.38, lower by 230.78 points or 0.47 per cent from its previous close of 49,584.16. It opened at 49,656.71 and has touched an intra-day high of 49,656.71 and a low of 49,182.38 points.
Kiran Mazumdar-Shaw new vice-chair of US-India biz body
"Kiran Mazumdar-Shaw will be one of the three vice-chairs for the US-India Business Council's board of directors," said USIBC Chairman Vijay Advani in a statement from Washington DC.