-The Telegraph/ PTI Among top losers were ICICI Bank, Vedanta, HDFC, Tata Motors, Tata Steel, ONGC, IndusInd Bank, NTPC, M&M and L&T The sensex nosedived 769.88 points to end at 36,562.91 and the Nifty tanked 225.35 points to 10,797.90 today after heavy selloff in banking, energy and auto stocks as a slew of macroeconomic data releases suggested a worsening economic slowdown. Top losers in the sensex pack included ICICI Bank, Vedanta, HDFC, Tata...
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Nationwide strike by trade unions today, essential services likely to be hit -Saubhadra Chatterji
-Hindustan Times New Delhi: Government transport in Haryana, Karnataka and Telangana, industrial areas in the National Capital region, hotels in Himachal Pradesh and banks and insurance offices across India may not function on Friday as central trade unions will hit the streets for a general strike. Last year, the trade union’s strike saw an estimated 15 crore workers take the day off. “This year we expect the figures to be higher,” said...
More »Forty coal importers under the DRI scanner for over-invoicing
-The Hindu Business Line Firms of Adani, Anil Ambani, Essar, JSW Groups and some PSUs being probed NEW DELHI: The Finance Ministry and the Directorate of Revenue Intelligence (DRI) are said to have stepped up investigations into the alleged over-invoicing of coal imports by 40 companies — both in the public and private sector — to the tune of Rs. 35,000 crore. “It is an issue that has been going on for the...
More »India Inc needs more time to spend meaningfully -Radhika Merwin
-The Hindu Business Line Indian corporates are just settling in to the regime of mandatory spends on CSR activities. The Centre has so far been lenient and has allowed them to spend less than the required amount as long as they disclose the reason. Many companies, which have fallen short, have listed a variety of reasons for this short-fall. This varies from the need for more time to identifying the right CSR...
More »Dirty tricks trip toilet job -Subhashish Mohanty
-The Telegraph Bhubaneswar: Swachh Bharat as a slogan sounds smart, but rampant corruption at the grassroots level is coming in the way of implementing development projects such as constructing toilets in the state. Public sector units executing toilet projects under the Swachh Bharat Swachha Vidayalay Abhiyan are being forced to deal with villagers and sarpanches who want money before the first brick is laid. Gas Authority of India Limited (GAIL) is one of...
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