FMCG major Nestle wishes to seek shareholders’ approval every five years for royalty payment to its Swiss parent firm Societe des Produits Nestle SA, after receiving their feedback over the issue. In... Read more »
The Income-Tax Department Tuesday said it has been conducting search warrants at about a dozen premises in Karnataka on charges of tax evasion. The raids are being conducted in state capital Bangalore,... Read more »
The Enforcement Directorate on Monday rejected the bail plea of Sushen Mohan Gupta, alleged defence agent arrested in the AgustaWestland VVIP choppers scam, saying there was a likelihood of him fleeing the... Read more »
Markets regulator Sebi has debarred Kashyap Technologies and six other entities, including Clifford Capital Partners, for at least five years from securities market in a matter related to manipulation of global depository... Read more »
A foreign brokerage Monday said the Reserve Bank will slash its key policy rates by another 25 basis points, after governor Shaktikanta Das’ weekend speech focusing on ways to revive growth. Speaking... Read more »
India’s exports soared to a five-month high of 11 percent in March on account of higher growth mainly in pharma, chemicals and engineering sectors, marking the outbound shipments at $331 billion for... Read more »
Public procurement worth Rs 50,000 crore will take place through the Commerce Ministry’s online marketplace GeM during 2019-20, an official said. In 2018-19, Government e-Marketplace (GeM) reached Rs 17,325 crore mark in... Read more »
IT major Infosys reported a jumbled set of fourth-quarter numbers, with margins coming in below expectations even as revenues came in-line. Infosys also reported strong large deal wins during the quarter which... Read more »
Infrastructure giant Larsen & Toubro (L&T) plans to hire 1,500 people this year, just like previous years, a top company official said, the company’s manpower strength stood at 42,924 as on March... Read more »
Indian capital market out beat several major global markets, including the developed ones like the US and the UK as well as developing economies such as China and Brazil, with double-digit returns... Read more »