After India jumped 14 positions to be ranked 63rd in the World Bank’s ease of doing business, Union Minister Piyush Goyal on Thursday congratulated Prime Minister Narendra Modi for the “path breaking improvements” in the country’s business environment. “India has jumped from 77th to 63rd rank in the Ease of […]
Singapore slowdown may be nearing end, central bank chief says
Singapore’s economy may be a few quarters away from a recovery as the decline in trade and manufacturing this year hasn’t really spread to other sectors, the central bank’s chief said. The Monetary Authority of Singapore’s baseline view is that “the current cycle should be bottoming out toward the end […]
India moves up 14 spots to 63 on World Bank’s ease of doing business ranking
India has moved up 14 places in the World Bank’s ease of doing business ranking to occupy the 63rd spot. India was also among the top 10 performers on the list, which was released on Thursday, for the third time in a row. World Bank president David Malpass will meet Prime […]
‘Tallest, widest, longest cabin’: Gulfstream to build world’s biggest private jet G700
Gulfstream is angling to reclaim bragging rights as builder of the world’s biggest private jet. The planemaker unveiled plans to make a roomier version of its flagship G650, which was unseated last year as the largest luxury jet by Bombardier Inc.’s Global 7500. Gulfstream’s new G700, with an expected debut […]
Sensex ends 95 points higher; HCL Tech up 3 per cent
Equity benchmark BSE Sensex rose 95 points on Wednesday, led by gains in IT and auto stocks, amid mixed cues from global markets. After swinging over 330 points in a choppy session, the 30-share BSE Sensex ended 94.99 points, or 0.24 per cent, higher at 39,058.83. It hit an intra-day […]
‘As mark of solidarity’: Indian group asks members to avoid buying Malaysian palm oil
The trade spat between India, the world’s biggest palm buyer, and Malaysia seems to be escalating, with an influential processors’ group in Mumbai asking its members to refrain from buying the tropical oil from the second-largest producer. Futures in Kuala Lumpur fell on Tuesday. Malaysian Prime Minister Mahathir Mohamad last month […]
Infosys audit committee to hold independent probe on whistleblower allegations, says chairman Nandan Nilekani
Infosys will conduct an independent probe into allegations of ‘unethical practices’ by its CEO to boost short-term revenue and profits. A statement by the IT services giant’s chairman Nandan Nilekani to the stock exchanges on Tuesday said that company’s audit committee will conduct an independent investigation on whistleblower allegations of CEO […]
Infosys CEO Salil Parekh accused of ‘unethical practices’, shares take worst dive in 6 years
Infosys Ltd.’s shares plunged to a 10-month low in New York after whistle-blowers accused Chief Executive Officer Salil Parekh of leading an effort to shore up profits through irregular accounting, turning up the heat on an IT services giant that endured internal turmoil just two years ago. The letter, […]
Centre’s EPFO dues surge to ₹9,115 crore amid fiscal pressure
The Union government’s statutory dues to the state-run retirement fund manager has ballooned to ₹9,115 crore, reflecting the rising pressure on government finances. The cumulative arrears to the Employees’ Provident Fund Organisation (EPFO) are only till the end of March and have increased since then, a senior government official said […]
Asian shares mixed amid uncertainties on Brexit, China trade
Asian shares were mixed Monday amid uncertainties about Britain’s exit from the European Union and the ongoing trade conflict between the US and China. Japan’s benchmark Nikkei 225 gained nearly 0.3% in afternoon trading to 22,555.14. South Korea’s Kospi picked up 0.2% to 2,064.27, while Hong Kong’s Hang Seng added […]
Government should make Indian aviation sector globally competitive: SpiceJet CMD
As India has emerged as the one of the fastest growing civil aviation markets of the world, it is time that the government take steps to make the aviation sector globally competitive beginning with reduction on its tax structure, the head of a low-cost airline has said. Ajay Singh, Chairman […]
AirAsia to connect Agartala to Delhi, Kolkata
Low-cost carrier AirAsia on Sunday launched flights from here to Delhi, Kolkata, Guwahati and Imphal in Manipur. Tripura Chief Minister Biplab Kumar Deb, accompanied by Transport and Tourism Minister Pranajit Singha Roy and two Lok Sabha Members — Pratima Bhowmik and Rebati Tripura — flagged off the AirAsia operations. The […]
No need to escalate one case to reflect everything to do with IBC,says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that uncertainty arising out of one case should not be generalised about the efficiency and effectiveness of Insolvency and Bankruptcy Code. Sitharaman was responding to a question on a particular recent case which many allege reflects some major loopholes in the IBC. Her comments […]
New GST return forms may force firms to change ERP systems
The new Goods and Services Tax (GST) returns from April 2020 that mandate providing more details may require companies to amend their enterprise resource planning (ERP) systems. Tax experts and chartered accountants (CAs) said that the new return systems would require a lot of details such as purchases from unregistered […]
Shunned by Chinese, Thai tourism ‘counting’ on India for revival
Hotels on Thailand’s most popular holiday island have been forced to slash prices with rooms left vacant and beaches sparse as tourist chiefs struggle with a plunge in Chinese visitors caused by the US trade war and a stronger baht. Located on the Andaman Sea and known for its beaches […]