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Troubles mount for IT majors as clients seek more bang for buck

Analysts said several clients have asked Indian IT majors to cut rates and commit to costs savings upfront.

Finance Ministry

Nov 15, 2019, 12.34 PM IST

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FINANCE MINISTRY

Labour ministry drops the plan to corporatise EPFO

The ministry’s proposal to corporatise the EPFO had faced severe criticism. In its latest draft code released in September, it had proposed a corporate structure to be headed by a CEO.

Consumer affairs ministry seeks removal of import bar to check pulses price hike

This year, the government has allowed 400,000 tonnes of tur ...

US lawmakers seek probe into terror finance links between two prominent Muslim groups and LeT

Three American lawmakers, Jim Banks, Chuck Flei...

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  • This will be the second case to be investigated by the NIA under the newly amended Anti- hijacking act. A businessman from Mumbai, Birju Salla, was convicted with life imprisonment early this year under the new provisions of the Act.

    The ministry also sought Rs 62,438 crore for catchment area treatment and forest restoration grants and another Rs 1.35 lakh crore for meeting climate change goals – rejuvenating degraded land and the ground water levels in states.

    While Jat leader and JJP chief Dushyant Chautala was already the deputy CM, his uncle and former CM Devi Lal’s son Ranjit Singh Chautala, who won as an independent, was sworn in as minister of state (MoS) with independent charge on Thursday.

    In a communication dated November 8, the HRD ministry had written to the Registrar of JNU stating that “since the ‘emeritus’ status is a title and not a post, the amendment made to Ordinance 32 of the University is required to be reviewed”, ET has learnt.

    The Supreme Court on Wednesday struck down rules in the amended Finance Act 2017 on tribunals and directed the government to reformulate fresh norms with respect to appointment of tribunal members. A bench headed by Chief Justice Ranjan Gogoi directed the Ministry of law to conduct impact study and submit report to the apex court.

    Facebook said, based on the circumstances, it may voluntarily disclose information to law enforcement agencies if it has a good reason to believe that the matter involves imminent risk of serious physical injury or death.

    Navi Technologies has made a profit after tax of Rs 1.9 crore on revenue of Rs 16 crore for the financial year ending March 31, the filings show. Bansal, who has been actively investing in startups for a few years, has focused on financing through debt in the past year.

    Muthoot Finance, HUDCO, NIA and Cadila Healthcare will be among firms that will disclose quarterly results on Wednesday.

    The environment ministry, Central Pollution Control Board (CPCB) and top officials of Punjab and Haryana governments have faced the Supreme Court’s ire over “severe” levels of air pollution in Delhi-NCR and the lack of adequate steps taken to counter the menace.

    Nippon Asset Management and SBI Mutual Fund were two of the institutional investors in those bonds.

    With a focus on both affordable and premium housing, the company plans to focus on six states.

    In a statement soon after Moody's lowered the outlook to negative from stable, the Finance Ministry said India continues to be among the fastest-growing major economies in the world. "India's relative standing remains unaffected," it said citing IMF's recent World Economic Outlook putting Indian economic growth at 6.1% in 2019.

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