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Business

Rethink on export sops

India has started work on an array of export promotion schemes that leave out subsidies, which have been targeted by the US in a complaint with the WTO.
Jayanta Roy Chowdhury Aug 21, 2018 00:00 IST

Star Health now has a new owner

Well-known investor Rakesh Jhunjhunwala has teamed up with a consortium of private equity firms that include WestBridge Capital and Madison Capital to acquire private health insurer Star Health in a deal estimated at around Rs 6,500 crore.
Our Special Correspondent Aug 21, 2018 00:00 IST

Portfolio rejig at Coca-Cola

Beverage major Coca-Cola India on Monday announced changes in its leadership structure with the appointment of Sundeep Bajoria as vice-president, South West Asia operations, and Chandrasekar Radhakrishnan as vice-president (strategy & insights), Coca-Cola India & South West Asia.
Aug 21, 2018 00:00 IST

Bid to beef up credit data

The Reserve Bank of India (RBI) is planning more steps to strengthen the credit bureaus but to do that the government has to make some legislative amendments, N.S. Vishwanathan, the apex bank's deputy governor, said on Monday.
Our Special Correspondent Aug 21, 2018 00:00 IST

Bharti pact with Zee for exclusive content

Bharti Airtel (Airtel) and ZEE Entertainment Enterprises Ltd (ZEEL) have entered into an arrangement under which Bharti's mobile and broadband users will get exclusive access to some of Zee's content - just days after Zee snapped ties with Reliance Jio because of disagreement over price.
Our Special Correspondent Aug 21, 2018 00:00 IST

CFO exit grounds Infosys stock

Stock markets on Monday reacted adversely to the news of the resignation of Infosys's chief financial officer with the scrip of the second largest IT services firm falling over 3 per cent.
Our Special Correspondent Aug 21, 2018 00:00 IST

Tweak in rules for tax certificates

The finance ministry has proposed amendments to the income tax rules to obtain "no deduction of tax" certificate electronically, a move aimed at minimising human interface and reducing compliance burden.
Our Bureau Aug 21, 2018 00:00 IST

Bengal move to help small units

Bengal chief minister Mamata Banerjee on Monday urged state government officials in the micro, small and medium enterprises (MSME) department to increase their fieldwork and engage with the local SME businesses to understand their issues.
A Staff Reporter Aug 21, 2018 00:00 IST

Spares shortage rocks Air India

Air India has slipped in its payments to key spare parts vendors, prompting many to stop supplies to the ailing airline.
Jayanta Roy Chowdhury Aug 20, 2018 00:00 IST

DoT bar on StanChart

The telecom department has blacklisted bank guarantees issued by Standard Chartered after the bank failed to invoke one that was issued for Aircel Group.
PTI Aug 20, 2018 00:00 IST

Choksi firm stares at ban

Leading exchanges BSE and the NSE will suspend trading in the shares of as many as nine firms, including banking fraud-accused Mehul Choksi's Gitanjali Gems, from September 10 for not complying with listing norms pertaining to the submission of financial results.
PTI Aug 20, 2018 00:00 IST

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