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  • 'Broader mkts will do much better than headline indices'
    on August 21, 2018 at 11:04 am

    The setup is pretty strong for equities globally and specifically for emerging markets, Sandip Sabharwal, asksandipsabharwal.com, tells ET Now.Edited excerpts: 65487167 65484558 65485976 What really is going to dictate the market mood from here now that earnings are done with? Directionally, the market should do just fine. The setup is pretty strong for equities globally and specifically for emerging markets. The Indian markets held on but most of the other […]

  • RBI circular on power firms: Allahabad HC reserves order, judgment likely before August 27
    on August 21, 2018 at 10:46 am

    NEW DELHI: The Allahabad High Court has reserved judgment on a case filed by power producers against the controversial Reserve Bank of India circular on stressed assets, sources said. However, an order is expected before Aug 27-- the deadline for completing resolution proceedings for the stressed assets, the sources said. The arguments of both sides have concluded, they added. The RBI circular mandates banks to identify projects with one day default as stressed assets and conclude the […]

  • Mahindra & Mahindra, Ford to ride together?
    on August 21, 2018 at 9:54 am

    Anand Mahindra led Mahindra & Mahindra and Bill Ford Junior led US headquartered Ford are looking to further bolster the India ties between both the automakers and take the next big step in their two decade long relationship in the domestic market which began back in 1995. " Mahindra & Mahindra and Ford have initiated discussions for a mega alliance as part of which Ford is planning to transfer its India business to a proposed joint venture between both the companies, wherein Ford is […]

  • Maruti Suzuki, employees pledge Rs 3.5 cr for Kerala flood relief
    on August 21, 2018 at 9:41 am

    Maruti Suzuki India said today that the company along with its employees will donate Rs 3.5 crore as Kerala flood relief effort.It has donated Rs 2 crore towards the Prime Minister's National Relief Fund to strengthen relief, rebuilding and rehabilitation efforts of the government, Maruti Suzuki India said in a statement.In addition, employees of the company will make a contribution amounting to Rs 1.5 crore, it added.Earlier in the day, Bajaj Auto also announced contribution of Rs 2 crore in […]

  • These 28 equity MFs tripled money in 5 years
    on August 21, 2018 at 9:37 am

    Around 28 equity mutual fund schemes have tripled investors' wealth in the last five years, a study by ET.com Mutual Fund showed. In other words, Rs 1 lakh invested in UTI Mid Cap Fund five years ago, would have grown to Rs 3.44 lakh today. UTI Mid Cap Fund is an average performer in the list of 28 schemes.Apart from these 28 equity mutual fund schemes, five schemes have quadrupled investors’ wealth in the same time period. In short, multibaggers are not confined to the stock market […]

  • WhatsApp asked to find tech solution for fake message issue: Ravi Shankar Prasad
    on August 21, 2018 at 8:22 am

    NEW DELHI: Post a meeting with WhatsApp CEO Chris Daniels, union minister for electronics and IT, Ravi Shankar Prasad said that the company has been asked to appoint a grievance officer in India who can act fast on complaints of violent or fake messages being circulated on the platform. The company which has come under fire for incidents of mob lynching being sparked through fake messages on its platform has also been asked to comply with the India law and register a corporate entity in India. […]

  • Market rally getting broader, midcaps included: S Krishna Kr
    on August 21, 2018 at 6:38 am

    We have a broader participation in largecaps and that is now spreading across sectors into the mid and smallcap space as well. It is more in the midcap space, S 65483286 65472762 65468596 Krishna Kumar, Chief Investment Officer of Equity and Vice President, Sundaram Mutual Fund, tells ET Now.Edited excerpts: This market has managed to climb the wall of worry. Do you think in three to six months, this is the best we can go? Right now, the […]

  • India’s GDP fracas could hit Modi where it hurts the most
    on August 21, 2018 at 5:59 am

    by Andy MukherjeeJust as some analysts were starting to believe in a reset for the Indian rupee, with the government becoming more relaxed about letting it weaken, history got in the way.The history in question is past GDP data, which haven’t been officially released after India reworked its calculation methodology in early 2015. But the report of a subcommittee tasked to suggest ways to link the old and the new GDP series was recently made public. The panel’s calculations suggest […]

  • Times Internet achieves 100% gender pay equality, confirms independent audit by Aon
    on August 21, 2018 at 5:58 am

    Times Internet announced that it has achieved the milestone of overall gender pay equality. Times Internet is India’s largest digital products company with over 5000+ employees across eight cities.Times Internet had commissioned Aon, a global leader in HR consulting, to conduct an independent pay equity audit across the entire organization. The results showed that there is no gap between female and male employees with respect to pay, rewards, and promotions at the company.In the […]

  • A hiring tweak may soon change IT job scene
    on August 21, 2018 at 1:53 am

    BENGALURU: Indian information technology (IT) services companies have stepped up focus on walk-in interviews to attract experienced technology talent.These companies have so far taken the walk-in route to hire employees for business process outsourcing (BPO) work and recruited software engineers from campuses as well as competitors.An increasing demand for skills in niche technologies coupled with higher attrition have prompted these software services firms to organise walk-ins for technology […]

  • Why the Caribbean is the best place for corporate fugitives to go incognito
    on July 28, 2018 at 9:36 am

    Fugitive Indian diamond merchant Mehul Choksi, a co-accused in the $2-billion Punjab National Bank fraud case along with his nephew Nirav Modi, had obtained an Antiguan citizenship in November last year before the scam broke out. Choksi is not alone in running away to Antigua and Barbuda. Data analysed by TOI reveals that 28 Indians have applied for the citizenship of the Caribbean nation since 2014. Seven of these were granted the hassle-free Antiguan nationality between January 1 and June 30, […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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