One of the legislators said Palaniswami should have "consulted us" before the merger, and claimed that the Dhinakaran faction enjoyed the support of 25 MLAs.
It noted that the company has indicated its willingness to meet key clients to address any concerns they may have due to the events of the past few days.
Earlier, Essar Oil#39;s new non-executive director, Jonathan Kollek had said, "They (Essar Oil) cannot build a refinery, they cannot build petrol stations. There is a non-compete, forever."
However, Infosys -- whose shares have taken a beating since the abrupt exit of its CEO Vishal Sikka on August 18 -- managed to remain among the top ten companies by market capitalisation on the BSE.
The government last month had approved sale of its 51.11 per cent stake in oil refiner HPCL to India#39;s largest oil producer ONGC.
Foreign direct investment (FDI) into the country grew by 37 per cent to USD 10.4 billion during the first quarter of the current fiscal, DIPP said today.
In a complete U-turn on JP Infra case in a latest meeting between a group of home buyers, JP Infratech MD, Manoj Gaur, Insolvency Professional Anoop Jain and Corporate Affairs Ministry, it has been
Registration of builders under Real Estate Act is now compulsory and a portal has been developed to facilitate online registration, Chief Minister Virbhadra Singh today said.
The previous round of free trade agreement negotiations was concluded here in March 2015.
THE Department of Agriculture (DA)-Davao will start the consecutive blood-sampling and testing on fowls in major poultry farms in the city starting on Wednesday, August 23 to September 4, in a bid to
Irrespective of whether the founders decide to submit their shares or not, the reputation and wealth of Murthy and his team is going to be a hit.
THE Department of Science and Technology (DOST)-Northern Mindanao is set to join and exhibit some 30 locally-developed technologies for business matching at the Mindanao Business Conference on Septemb
Located in Kochi and Pune respectively, the project will be completed by August 2017, the company said on Monday.
Infosys former CFO V Balakrishnan today asserted that Chairman R Seshasayee and Co-chair Ravi Venkatesan must step down as part of a board rejig before the country#39;s second-largest IT firm kicks
India has remained the second highest requester for taking down content after the United States for at least two years now.
India has remained the second highest requestor for content takedown after the United States for at least two years now.
MMR constituted 24 percent of overall Tier I cities sales, recording the highest number of sales at 15,824 units. This being the highest sales the city has seen in last seven years. Chennai was the
Airtel and Paytm customers will get exclusive offers.
Essar Group founder Shashi Ruia said this landmark transaction and the resultant debt reduction usher in a new phase of growth across the group portfolio.
Apex Frozen Foods, which is in the business of aquaculture products, today raised over Rs 43 crore from anchor investors ahead of its IPO, which opens tomorrow.
The facility was inspected by US FDA in April this year. The US drug regulator made eight Form 483 observations.
THE war in Marawi City and the bloody drug campaign of the government may already have weakened the country’s tourism appeal in the global market, but property developers like Robinsons Land Corp., (R
TWO large-scale developments that would generate about 6,000 jobs will be constructed in Mandaue City, said Mayor Gabriel Luis Quisumbing. These two companies are San Miguel Corp. and Millennium Pan-A
THE Philippine Economic Zone Authority (Peza) is looking at giving incentives to ESL (English as Second Language) institutions operating in the country, following the stakeholders’ inquiry if they, to
ACCORDING to the Family Business Institute, only 30 percent of family business organizations last into the second generation, 12 percent remain viable into the third, and three percent operate into th
In such a scenario, a deal worth Rs 45 crore for a property that has an uninterrupted view of the Arabian Sea, offers a ray of hope. Of late deals worth Rs 30 crore to Rs 400 crore have also been se
As much as Rs 22,000 crore has come in as Central-GST and State-GST alone.
THE Securities and Exchange Commission (SEC) has warned the public against bogus online lending activities that victimize social media users. In an advisory released Friday, the corporate regulator sa
MORE than the economic value that businesses bring, a group of business owners and professionals is reiterating the value of honesty as a cornerstone for the private sector. In its “Be Honest” campaig
The company said it feels the Essar brand is "very strong" and will be retaining the same at the petrol pumps.
THE PhilHealth Circular No. 043 series of 2012 instituted Auto-Credit Payment Scheme (ACPS) to improve claims processing of all accredited health care institutions (HCIs). Under ACPS, settlement of cl
In a meeting attended by Jaypee Infratech MD Manoj Gaur, the NCLT appointed insolvency professional Anuj Jain and CEO of Jaypee Infratech, corporate affairs ministry officials and homebuyers, it wa
The Airport Express line was commissioned on February 23, 2011 after an investment of Rs 2,885 crore funded by DAMEPL#39;s promoters#39; fund.
When Salman Khan failed to pull enough crowd to the theatres with his 2017 eid release Tubelight, he returned Rs 32.5 crores to the distributors.
The Supreme Court recently extended benefits of the liberalised airport land monetisation policy to existing developers as well.
PACL was found by SEBI to have collected over Rs 49,100 crore through illegal collective investment schemes.
The pound sterling finished higher at Rs 82.64/66 per pound at the close of the Interbank Foreign Exchange (Forex) market.
The Icra report says that the credit costs for the industry as a whole is likely to be in the range of 5.5-8 percent for the financial year 2017-18.
The capital raising committee of the board decided to allot today 1,09,24,029 equity shares of Rs 10 each to successful applicants at an issue price of Rs 800 per equity share.
Linking deaths to Aadhaar would have allowed the government to know when to terminate entitlements and direct transfer of benefits to a recipient once deceased.
This is a first major overhaul of the Fazer brand which Yamaha had launched nearly a decade ago. When launched in 2008-09 the Fazer debuted with 150cc engine thereafter going through several minor i
After months of negotiations, the Essar group today announced the closure of its USD 12.9 billion deal to sell its refining arm to a consortium led by Russian oil major Rosneft.
Of these, 10 hotels will be under the Taj brand name, while 11 will be under the Ginger brand name. The rights issue will meet long term financing needs for capital expenditure, growth plans and deb
Some US based law firms have also announced that they are mulling initiating class action law suits against Infosys for unlawful businesses and practices. Infosys is a listed firm in the US and ther
This view is underpinned by Prime Minister Narendra Modi#39;s strong support for renewable energy, including the ambitious targets adopted for sector growth and the policies implemented to encourage
"He (Vishal Sikka) is covering up his own failure to reach the target by blaming Narayana Murthy," Mohandas Pai has said.
Fiscal situation, external sector environment, financial sector reforms, rising non-performing assets and regulatory issues are likely to figure in the meeting.
The company had filed IPO papers with Sebi in June and got #39;observations#39; from it on August 14, which is necessary for a company to launch the public offer, as per the latest update with Sebi.
The cab aggregator Uber has roped in former American Express executive Vishpala Reddy as the Chief People#39;s Officer for its India and South Asia operations.
So far, the companies were required to have DPS/PVPS of at least 4 percent for at least seven of the past nine years.
Butschek, the Airbus former COO, was appointed to lead the home-grown auto major in January last year by ousted Tata Sons chairman Cyrus Mistry.
Guenter Butschek, Managing Director and Chief Executive of Tata Motors, said that it was important to work on business turnaround rather than get entangled in employee designations.
Currently, there are no flight services from the capital Lucknow to Varanasi or Gorakhpur.
Mutual fund experts also said that investors are increasing exposure to defensive as overall market outlook is choppy
Can emerging technology help financial institutions cope with changing market conditions, regulations and consumer demands?
Business news channel ET Now had aired a report which said that the companies are evaluating a potential merger.
Funds are being raised to "meet the company#39;s long-term financing needs for capital expenditure, growth plans and debt repayment", Indian Hotels Company Ltd (IHCL) said in a filing to the BSE.
Those having deposits over Rs 25 lakh in their savings bank accounts will continue to get the existing interest of 4 per cent.
As many as 21 public sector banks, such as State Bank of India, Bank of Baroda, Punjab National Bank, control 75 per cent of the total business
Live updates as the warring factions of the ruling AIADMK in Tamil Nadu decide to reunite.
The legal move, in which sheriffs would essentially serve as contractors for ICE, is intended to protect sheriffs from court battles, which have sometimes resulted in costly payouts.
LAS VEGAS (AP) — Authorities in Las Vegas say Jerry Lewis died of heart disease, but the wording of his death certificate differs from what was reported earlier. Clark County Coroner John Fudenberg s
The president, who had called for American withdrawal from Afghanistan before he took office, in the end accepted a “big military” approach as the only viable option.
President Donald Trump will loosen the rules of engagement for US troops in Afghanistan, but did not specify any changes in numbers of troops during his national address on the war at t
The lingering Sino-Indian border spat spilled over into Sydney University campus, where outraged Chinese students made an IT lecturer apologize over the use of an outdated map listing a
College football coaches make plenty of money in base salary, but the best of the best have much more on the line in performance bonuses.
A jet plane flies by the total solar eclipse in Guernsey, Wyoming U.S.
Australia-based Energy Developments will take over 16 landfill gas recovery sites across six states.
The lawsuit brought by a California woman alleges Johnson & Johnson failed to adequately warn consumers about the potential cancer risks of talcum powder.
Samuel Awoyinfa and Mudiaga Affe The Nigeria Labour Congress on Monday joined the Nigerian Union of Local Government Employees to call on the National Assembly and state Houses of Assembly to urgently
President Muhammadu Buhari returned to Nigeria 103 days after he departed on yet another sick leave to attend to a still undisclosed illness. He returned to a country that is riven by mutual suspicion
High-flying D’Tigress are set to engage Group B whipping girls Guinea on Tuesday at the ongoing 2017 FIBA Women’s AfroBasket in a formality game in Bamako’s Palais des Sports Salamatou Maďga. Coach Sa