Creditors filed claims of Rs 22,006 crore against Subhash Chandra for the loans he backed. MUMBAI: With the National Company Law Tribunal this week clearing a repayment plan offering only Rs. 6.5 crore in a case concerning Zee Group’s Subhash Chandra’s personal guarantees for loans taken by his companies, HDFC Bank said it is exploring…
Passenger vehicle sales stood at over 12.7 lakh units during the April-June quarter. NEW DELHI: India’s vehicle market showed a clear regional divide in the first quarter of FY27, with Maharashtra emerging as the country’s biggest market for passenger and commercial vehicles, while Uttar Pradesh led sales of two- and three-wheelers.According to data released by…
Sudden movement in closing period triggers outcry online. MUMBAI: In the first monthly expiry of derivatives contracts on BSE after the introduction of Closing Auction Session, popularly known as CAS, sensex and Bankex, BSE’s banking index, witnessed wild swings, triggering social media outcry. The sharp movement in indices and some of their constituents also gave…
Union minister of Commerce & Industry Piyush Goyal meets President of Aichi Steel Corporation. NAGOYA: Govt Wednesday reiterated its demand for a review of the 15-year-old Comprehensive Economic Partnership Agreement with Japan to make it more contemporary and indicated its willingness to expand scope of the pact, which is seen to have failed in delivering…
The estimated cost of the Ahmedabad-Mumbai bullet train project has been raised. India’s first bullet train project has seen its cost escalate to nearly double of the original estimate in a span of nine years. Prime Minister Narendra Modi laid the foundation stone for the first high-speed rail project of Indian Railways in September 2017,…
Meagre stock has also pushed up sugar prices—earlier this week. MUMBAI: Ahead of the festival of Raksha Bandhan, when demand for sugar tends to surge in Indian kitchens, consumers are in a bind. Major online grocery platforms and offline retail chains are limiting the number of sugar packs customers can buy, to manage supplies of…
On the import side, there is some pressure due to higher prices of oil and fertiliser. (File photo) NEW DELHI: India’s goods exports hit the $200-billion mark during the financial year up to Aug 21 on the back of a sustained over 15% rise in shipments from the country, raising expectations within govt that this…
Govt is expecting a major boost to textiles exports due to the trade deals with the UK and the European Union. NAGOYA: Japanese clothing giant Uniqlo is set to expand its India footprint as it seeks to broaden sourcing of products for India and the global market, while also looking to open more outlets in…
Can GCCs absorb talent across levels that are not finding jobs in traditional IT sector firms? The Indian IT sector is undergoing a tectonic shift with artificial intelligence rendering many traditional roles redundant and requiring an unprecedented skill upgradation to stay employable. Even as the traditional IT firms continue to hire and fire, one branch…
Trump’s tariff strategy has kept uncertainty high for governments and businesses From India and Canada to Iran and Venezuela, the countries may be thousands of miles apart and have little in common economically. Yet they have found themselves facing the same problem: an unpredictable US trade policy under President Donald Trump, in which tariffs and…
