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  • ICICI deserves a statesman, not a leader in hiding: Letter to Kochhar from another CEO
    on April 24, 2018 at 8:19 am

    Anjana MenonCEO, Content PixiesDear Mrs Kochhar,In the last few weeks, ever since it emerged that your husband and your brother-in-law may have benefited from your position as the head of India’s largest private bank, you’ve been silent. You’ve been mum through the embarrassing interrogation of your brotherin-law by India’s investigative authorities. You’ve skipped events where you were expected and melted behind your board members. We’ve missed your usual […]

  • ICICI deserves a statesman, not a leader in hiding: Letter to Chanda Kochhar from another CEO
    on April 24, 2018 at 8:19 am

    Anjana MenonCEO, Content PixiesDear Mrs Kochhar,In the last few weeks, ever since it emerged that your husband and your brother-in-law may have benefited from your position as the head of India’s largest private bank, you’ve been silent. You’ve been mum through the embarrassing interrogation of your brotherin-law by India’s investigative authorities. You’ve skipped events where you were expected and melted behind your board members. We’ve missed your usual […]

  • Missing in Flipkart-Walmart action: Kishore Biyani
    on April 24, 2018 at 8:11 am

    Buying a majority stake in India’s largest online retailer Flipkart will give Wal-Mart Inc the arsenal it needs to fight its online rival Amazon. Walmart is likely to reach a deal soon to buy 86% stake in India's top e-commerce player in what could be the US retail giant's biggest acquisition of an online business. Walmart could pump in around $8 billion in a mix of primary and secondary purchase of shares, valuing Flipkart at nearly $20 billion. Even as Walmart rushes to acquire Flipkart […]

  • Bond yields are rising, but why? Dhawal Dalal has the answer
    on April 24, 2018 at 8:03 am

    Dhawal Dalal, CIO (Fixed Income), Edelweiss AMC says the bond market has given up all the gains generated between the last week of March and first week of April.Edited excerpts: What is the reason behind rising bond yields? Is it high crude prices, domestic liquidity situation or RBI’s hawkish minutes?The current situation in the Indian bond market is because the trader sentiment is being weighed down by three distinct factors. First is the sudden hardening of the US bond yields. US bond […]

  • Reliance Jio added 8.74 million users in February: Trai
    on April 24, 2018 at 7:58 am

    KOLKATA: Reliance Jio Infocomm added a whopping 8.74 million customers in February, taking its market share well past 15%, while rival incumbents Bharti Airtel, Vodafone India and Idea Cellular registered comparatively smaller customer gains of 4.1 million, 3.2 million and 4.4 million respectively amid continuing price wars fuelled by the Mukesh Ambani-led 4G newcomer. 63879953 Jio continued its steady climb in terms of customer market share, taking it to 15.31%, up from 14.62% in […]

  • No jobs anymore for H-1B spouses, Trump moves to end Obama-era law
    on April 24, 2018 at 7:18 am

    The Trump administration is planning to end allowing spouses of H1-B visa holders to work legally in the US, a top federal agency official has told lawmakers, a move that could have a devastating impact on tens of thousands of Indians. The move to end the Obama-era rule could have an impact on more than 70,000 H-4 visas holders, who have work permits. H-4 is issued to the spouse of H-1B visa holders, a significantly large number of whom are high-skilled professionals from India. They had […]

  • Infosys donates Rs 2.50 crore to Kerala hospital
    on April 24, 2018 at 6:53 am

    Thiruvananthapuram: Tech major Infosys has donated Rs 2.50 crore to the Neurosurgery Department of the state-run Medical College hospital, here.The money was used to install a brand new neurosurgery dedicated operating microscope, replacing a two decade old one.Speaking to IANS, P. Anil, Head of Department Neurosurgery, said that Infosys answered to a request he had made in 2017."I took a chance and I wrote to Infosys if they can come to our help. It was an year back. Soon they responded and […]

  • The new SIM card you are buying could bring up India's next $100-billion company
    on April 24, 2018 at 6:33 am

    Mumbai: Reliance Industries, the country’s second-most valuable company, is being seen as the next likely candidate from India for the $100-billion market-cap club after Tata Consultancy Services.The oil and gas-to-telecom behemoth had first crossed the $100-billion market-cap mark in October 2007 when the rupee was at 39.5 to a dollar. In rupee terms, the company’s market capitalisation then stood at Rs 4.11 lakh crore.Reliance shares need to gain 11 per cent from the current […]

  • Forget sectors, look at business & management quality: ASK 
    on April 24, 2018 at 5:56 am

    We tend to be at places where we see sustainable long period of growth rather than one-year, two-year growth, says Prateek Agarwal, Business Head & CIO, ASK Investment Manager, in an interview with ET Now.Edited excerpts: What is your market view – bullish or bearish? Do you think we have the lows and the top also for the year? Before the result season this was a conversation we had with somebody. Happily, most of the results which have come out are either in line with or better than […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • Mobile handset makers lay off sales staff to save costs
    on April 21, 2018 at 2:37 am

    NEW DELHI: Several mobile handset makers have laid off thousands of in-shop promoters, or sales people, in multi-brand shops and slashed salaries of many others to cut costs in a bitterly-competitive market, industry insiders said.Many notable brands including Lava, Intex, Micromax, Karbonn and even Chinese brands Oppo and Vivo have reduced the number of in-shop promoters — in some cases to nearly a third — over the past couple of months, they said."A lot of brands have been doing […]

  • 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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