News

Havells likely to buy Lloyd Electric’s consumer business for Rs 1500 crore, to get toehold in room AC segment

Havells India is in advance negotiations with Lloyd Electric and Engineering Limited to acquire its consumer durables business for around Rs 1200 -1500 crore, to get a toehold in the fast growing Indian air conditioners market that

Reliance Communication to seal 3 deals, including Aircel merger, by mid-2017

Reliance Communication (RCom) expects to complete three proposed deals, including a merger with Aircel, by the middle of 2017. The Anil Ambani-led telecom company agreed to sell a 51% stake in Reliance Infratel, the company’s tower unit,

Highlights Of Union Budget 2017-18

Major Highlights of Union Budget 2017: Total Budget of ₹ 21.47 Lakhs crores for 2017-2018. Increase in Direct Tax collection by 34% after demonetisation. Holding period for LTCG for Land & Building reduced to 2 years. Carried

Urjit Patel debuts with 25 bps rate cut

Amid softening inflation, coupled with signs of a domestic slowdown and fresh global jitters, the Reserve Bank of India (RBI) decided to loosen its monetary policy stance in October, restarting the rate cut cycle after a six-month

Improved ranking in GRDI underlines India’s potential

Amid heightened volatility in global financial markets, India, the worlds’ fastest growing major economy, has emerged as the best bet in the retail sector , moving up by 13 places from last year when it comes to the ease of doing business.

India’s growth on an upward trajectory

The Indian economy accelerated in the March quarter, signaling a continued robust recovery and reinforcing India’s position as the world’s fastest-growing major economy, giving Prime Minister Narendra Modi more reasons to celebrate after completing two years in

Job shedding in Investment banks gathers momentum

Amid a wave of volatility in financial markets, sharp decline in oil prices, near-zero interest rates and dark clouds hovering over the global economy, investment banks, which are already struggling to keep up the pace with new

Sebi tweaks P-note norms

In a bid to bring in more transparency and curb misuse of the investment route used by foreign investors not registered in India, the capital market watchdog Securities and Exchange Board of India (Sebi) has tightened the

Gloomy outlook for global economy; EM’s to hold back growth

The Global Economy is sailing on rough seas as sluggish development in emerging market economies, falling commodity prices, flagging trade and capital flows, heightened volatility in global financial markets and the deepening economic crisis in China continue to weigh heavily

Soaring consumer optimism underlines India’s economic resilience

Indian consumers emerged as the most confident lot in a global survey, with optimism reaching pre-global recession levels in the first quarter of 2016, signaling a pickup in momentum in the consumer driven Asia’s third biggest economy.