India Times

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  • May her tribe increase: Auto cos hire more women for shop floor roles
    on August 19, 2018 at 6:05 am

    Not just in scooter or car manufacturing, today women are making their presence felt on shop floors in making tractors and trucks too with companies like Tata Motors, Mahindra & Mahindra (M&M), Eicher Motors, Hero MotoCorp and Bajaj Auto seeking to accelerate the drive of gender diversity. […]

  • Walmart completes deal to acquire 77% stake in Flipkart
    on August 18, 2018 at 3:02 pm


  • Bankruptcy: Government hints at new law for registered valuers
    on August 18, 2018 at 11:55 am

    Of the 40 largest NPA accounts sent to various NCLTs since last July, which together constitute around 40 per cent of the over Rs 11-trillion of bad loans, only seven have been resolved so far, wherein the banks have taken an average haircut of over 60 per cent only as some accounts like Alok Industries have been bid out for a paltry 17 per cent of the money the bankrupt company owed to the lenders. […]

  • US tech giants plan to fight India's data localisation plans: Report
    on August 18, 2018 at 11:24 am

    US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally. That push comes amid rising global efforts to protect user data but is one that could hit planned investments by the firms in the Indian market, where the companies currently have limited data storage. […]

  • Rupee might stabilise at 68-69 a dollar: Economic affairs secretary
    on August 18, 2018 at 10:53 am

    According to Garg, the current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, Garg said while speaking at an interactive session organised by the Merchants' Chamber of Commerce & Industry here. […]

  • Ranganath's departure irreplaceable loss for Infosys: Murthy
    on August 18, 2018 at 10:13 am

    Infosys co-founder NR Narayana Murthy on Saturday said the exit of the company's CFO MD Ranganath is an "irreplaceable loss" for the IT services firm at a "critical juncture". Describing him as "one of the best CFOs" in India, Murthy said in a statement that Ranganath understood all important stakeholders, including clients, delivery teams, employee aspirations, finance, investors, governance, the law, as also "the role of an ethical business in building a better society". […]

  • UIDAI announces phased rollout of face authentication with telcos from September 15
    on August 18, 2018 at 8:31 am

    For authentication agencies other than telecom service providers (TSPs), UIDAI said specific instructions will be issued on implementation of face authentication feature, but did not give a fresh deadline. […]

  • Why Chinese banks are wary about lending to Pakistan
    on August 18, 2018 at 8:10 am

    China's banks have already extended tens of billions of dollars in infrastructure loans to support the $57 billion China-Pakistan Economic Corridor, a centrepiece of Beijing's Belt and Road Initiative which seeks to increase its geopolitical influence. […]

  • Is this Australian kid the next Bill Gates?
    on August 18, 2018 at 7:00 am

    A 16-year-old private school student in Melbourne, who “dreamed of” working for Apple, has got the attention of the folks at Cupertino, California... by hacking into Apple’s mainframe computers and downloading 90 GB of secure files. […]

  • Infosys chief financial officer MD Ranganath resigns
    on August 18, 2018 at 6:24 am

    The Board at its meeting held on Saturday has accepted Ranganath's resignation as the and key managerial personnel of the company. Ranganath will continue in his current position as CFO till November 16. […]

  • Did Modi just give an A+ to Manmohan on economy?
    on August 18, 2018 at 5:37 am

    In what may become a rallying point for the opposition Congress ahead of the 2019 general elections, a revised back-series data of the GDP growth rate during the first three years of UPA-1 rule shows, that for the first time, India actually grew at a double digit rate, of 10.08 per cent in 2006–07. […]

  • Tata most valuable brand in 2018
    on August 18, 2018 at 5:23 am

    Tata Group continues to be no. 1 brand with a value of $14,236 million, followed by Airtel and Infosys, according to annual Brand Finance rankings. […]

  • India should focus on data empowerment, says Nilekani
    on August 18, 2018 at 1:00 am

    Speaking at a panel discussion at the ET Startup Awards, Nilekani, who led the Aadhaar project in its initial years, said Europe has focused on the downsides of data flows to ensure a strict data protection regime. […]

  • Small biz exports hit by GST refund delay
    on August 17, 2018 at 10:30 pm

    Exports by small businesses were adversely affected by a delay in refund of upfront goods and services tax (GST) and input credit, which put pressure on their working capital requirements, a study published by the Reserve Bank of India (RBI) said. […]

  • Debt recovery by PSU banks could be twice of 2017-18
    on August 17, 2018 at 8:50 pm

    Data showed that in the last financial year, recovery of bad debt added up to Rs 74,562 crore and if the current pace sustains, lenders will end the year with nearly double the amount recovered in 2017-18. […]

  • Tesla shares tumble after Musk comments on personal toll
    on August 17, 2018 at 3:06 pm

    Tesla is banking on its Model 3 to ensure future profitability. The base model is priced at $35,000, but car buyers can upgrade to a $49,000 version, which has a longer range battery and high-end trim. […]

  • Note ban, GST pulled down credit to MSMEs, dented exports
    on August 17, 2018 at 2:47 pm

    The MSME sector constitutes a vast network of over 63 million units and employs around 111 million people, contributing around 30 per cent to the GDP, accounting for about 45 per cent of manufacturing output and around 40 per cent of total exports. […]

  • Operators must pay attention to cyber security: Urjit Patel
    on August 17, 2018 at 2:26 pm

    "While the Reserve Bank will continue to pay focused attention to appropriate enabling regulation, strong infrastructure, apposite supervision and customer centricity, due attention must be paid by operators towards cyber security, effective customer grievance redress arrangements and reasonableness of customer charges," he said. […]

  • Income Tax collection at record Rs 10.03 lakh crore in 2017-18: CBDT
    on August 17, 2018 at 1:06 pm

    The I-T department added 1.06 crore new return filers during 2017-18 and aims to add 1.25 crore new filers for the current year. In the North East region, this number was 1.89 lakh, she said. L C Joshi Ranee, principal chief commissioner of Income Tax, North Eastern Region said that Rs 7,097 crore tax was collected from the region during 2017-18. […]

  • Pay our allowance or we stop flying: Pilots to Air India
    on August 17, 2018 at 11:17 am

    A section of Air India pilots have told they may stop flying unless the airline immediately pays their flying allowance. The airline had this Tuesday paid the basic salaries of July. But for pilots, basic salary represents 30% of their total pay and flying allowance is the major part. […]

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