Tycoon Pallonji Mistry Tries To Unlock $17 Billion, In Battle With Tatas

The conflict between Pallonji Mistry and the Tata Group began with a boardroom coup in 2016 Billionaire Pallonji Mistry has about 85 percent of his estimated $19.9 billion fortune locked up in a legal battle with India's largest conglomerate. The conflict ...
NDTV, 13 min(s) ago
Also from: Economic Times

Doubts resurface over govt's jobs data, as EPFO cuts payroll numbers

The payroll data has been revised downwards for each of the nine months between September 2017 and May this year Illustration: Uttam Ghosh/Rediff.com The net enrolment numbers released by the Employees’ Provident Fund Organisation (EPFO) has been revised down by 12.4 per cent for the September-May period, from an earlier estimate of 4.5 million to 3.9 million.   The payroll count in June rose by 24 per cent to 793,308. The net enrolment numbers for June were the highest since ...
Rediff.com, 14 min(s) ago
Also from: Times of India, Economic Times

Kerala floods: Kochi airport suffers estimated loss of over Rs 220 crore

"We have launched efforts on a war-footing to rebuild the damaged infrastructure. Our initial assessment is that we have suffered an estimated loss of Rs 220 crore in the floods," the official said, adding around 200 workers have been engaged to clean up the ...
Times of India, 18 min(s) ago
Also from: DNA, Rediff.com and 2 other sources

Federal Bank rises 2%; UBS maintains buy, cut target to Rs 105

Flooding in Kerala could impact repayments of bank as bank hold 25 percent of the loan book from Kerala.
Money Control, 25 min(s) ago
Also from: Rediff.com, Times of India and 2 other sources

Stock market update: Midcaps outperform Sensex; Cummins India, Torrent Power jump 5%

Digg Google Bookmarks StumbleUpon Reddit Newsvine Live Bookmarks Technorati Yahoo Bookmarks Blogmarks Del.icio.us ApnaCircle Google Plus Pinterest Stock market update: Midcaps outperform Sensex; Cummins India, Torrent Power jump 5% ETMarkets.com | Updated: ...
Economic Times, 34 min(s) ago
Also from: NDTV, Equitymaster.com and 2 other sources

Bharat Forge lines up Rs 1,250 crore capex for FY19 FY20

The Kalyani Group-controlled company will incur Rs 500 crore capex in FY19 and about Rs 350 crore in FY20
Money Control, 36 min(s) ago
Also from: DNA, Rediff.com and 1 other source

Fix fake message problem or face action, Ravi Shankar Prasad tells WhatsApp

Digg Google Bookmarks StumbleUpon Reddit Newsvine Live Bookmarks Technorati Yahoo Bookmarks Blogmarks Del.icio.us ApnaCircle Google Plus Pinterest WhatsApp asked to find tech solution for fake message issue: Ravi Shankar Prasad By Surabhi Agarwal , ET Bureau ...
Economic Times, 1 hour(s) ago
Also from: NDTV, Times of India and 2 other sources

India's small renewables firms fighting consolidation wave

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector.
Reuters, 2 hour(s) ago
Also from: Money Control, Economic Times

To raise fund, ONGC asked to list overseas unit

The move to float the unit - which has investments in 11 producing assets in countries including Russia, Brazil and Iran - is part of a government push to sell state-assets to raise funds. The listing would help the government meet its divestment targets and ...
Times of India, 2 hour(s) ago
Also from: Money Control, Economic Times

Sensex, Nifty erase gains after hitting record highs

Benchmark indices Sensex and Nifty erased early gains after hitting record highs in opening trade ahead of US-China trade talks.
DNA, 5 hour(s) ago
Also from: DNA, Money Control and 5 other sources