Iraq supplies more crude oil to India than any other nation. Together, Iraq and Iran supply twice the amount India gets from Saudi, which has promised the global market to mitigate for the loss of Iranian oil in lieu of the sanctions.
Gen ‘Y’ is an apt moniker for a generation that has grown to question financial norms. More banally referred to as ‘Millennials’, the tag is in keeping with their arrival at the turn of the millennium (born between 1981 and 2000).
Wealthy, single urbanites are 28-42-year-olds, forming 1 per cent of India’s 1.3 billion people, which makes them 13-million strong. Going by their standards of living and greater disposable incomes — earning upwards of Rs 50,000 per month — marketers call them “super consumers”.
30-share BSE Sensex gained nearly 125 points to open at 38,075.07 and extended its gains further. At 9.25 am, the index was up nearly 200 points and testing 38,150-levels. The broader 50-share NSE Nifty went past the 11,500-mark for the first time to hit a fresh all-time high
Some see at least some of the exits as part of chairman Nandan Nilekani and Parekh’s efforts at fixing governance and operational issues. There are also those who see the exits to be the result of an absence of a coherent vision for the changing IT world.
Besides, the dollar weakened against other currencies overseas as demand for the safe-currency receded on optimism over a reduction in US-China trade tensions, helping the domestic currency rebound, forex dealers said.
With a strategic sale of public sector companies such as Air India (AI), Hindustan Copper and Mecon off the table until next summer’s general elections, the government is eyeing state-run players in the power sector to replicate the ONGC-HPCL model to buy out its stake and also contribute to the “disinvestment” kitty.
With bad loans at over 30 per cent of assets, IDBI Bank is one of the weakest lenders to be rated by S&P given its standalone credit profile of B-. The bank has reported a loss of Rs 8,100 crore in FY18 and Rs 2,410 crore in first quarter of FY19.
US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally. That push comes amid rising global efforts to protect user data but is one that could hit planned investments by the firms in the Indian market, where the companies currently have limited data storage.
The company has decided to slow down hiring in India as well as do away with one of the two annual increments as it works towards aggressive cost-cutting measures to realise profits, which have remained elusive despite Ford spending more than 20 years in the country.
Not just in scooter or car manufacturing, today women are making their presence felt on shop floors in making tractors and trucks too with companies like Tata Motors, Mahindra & Mahindra (M&M), Eicher Motors, Hero MotoCorp and Bajaj Auto seeking to accelerate the drive of gender diversity.
Infosys co-founder NR Narayana Murthy on Saturday said the exit of the company's CFO MD Ranganath is an "irreplaceable loss" for the IT services firm at a "critical juncture". Describing him as "one of the best CFOs" in India, Murthy said in a statement that Ranganath understood all important stakeholders, including clients, delivery teams, employee aspirations, finance, investors, governance, the law, as also "the role of an ethical business in building a better society".
US trade groups, representing companies such as Amazon, American Express and Microsoft, have opposed India's push to store data locally. That push comes amid rising global efforts to protect user data but is one that could hit planned investments by the firms in the Indian market, where the companies currently have limited data storage.
Of the 40 largest NPA accounts sent to various NCLTs since last July, which together constitute around 40 per cent of the over Rs 11-trillion of bad loans, only seven have been resolved so far, wherein the banks have taken an average haircut of over 60 per cent only as some accounts like Alok Industries have been bid out for a paltry 17 per cent of the money the bankrupt company owed to the lenders.
China's banks have already extended tens of billions of dollars in infrastructure loans to support the $57 billion China-Pakistan Economic Corridor, a centrepiece of Beijing's Belt and Road Initiative which seeks to increase its geopolitical influence.
According to Garg, the current turmoil in Turkey, triggered by US sanctions, had not affected the perception of India. The flow of foreign portfolio investments (FPI) had not altered either and there had been no outflow in July, Garg said while speaking at an interactive session organised by the Merchants' Chamber of Commerce & Industry here.
A 16-year-old private school student in Melbourne, who “dreamed of” working for Apple, has got the attention of the folks at Cupertino, California... by hacking into Apple’s mainframe computers and downloading 90 GB of secure files.
For authentication agencies other than telecom service providers (TSPs), UIDAI said specific instructions will be issued on implementation of face authentication feature, but did not give a fresh deadline.The Wikipedia article of the day for September 2, 2020 is Third Silesian War . The Third Silesian War was a conflict between Prussia and a...
