Brave New World: Indian economy staring at stagflation; Fed’s balance sheet shrinks
India's headline inflation surged to 7.35% in December, the highest in five years.
ITI falls 3% as Rs 1,400 crore FPO kicks off
The company intends to sell its 18 crore shares, including one per cent quota for the employees,...
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
CSR spend of NSE-listed cos rises 18% in FY19
This analysis is based on 1,132 companies listed on NSE as on March 31, 2019 and obligated to spend on CSR.
Oyo to shut doors on 2,400 Indian staffers, may let go more in March
Layoffs will be in mid-management, business development, sales and operations roles, & tech teams.
Cairn India hunts for big oil partner via stake sale
Cairn is the country’s largest private sector oil and gas producer accounting for nearly a quarter of India’s total domestic crude oil production and Vedanta may look to dilute up to 25% to raise a minimum of $1.5-2 billion (Rs 10,500-14,100) through this “value unlocking” exercise.
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Brave New World: Markets rewarding capex, R&D more than buyback, dividend
As the shift to passive fund management exceeds a certain level, although the imbalances get bigger, active management doesn’t have the weight of money to close those value gaps.
Supreme Court forms committee to draft mediation law, will send to government
The panel, to be headed by mediator Niranjan Bhat, will recommend a code of conduct for mediators, who are legal experts. On January 12, the committee met in Hyderabad to consider suggestions for a legislation put forth by mediators from all over India. The mediators emphasised on confidentiality, the voluntary nature of the process, neutrality etc.
At SoftBank’s jewel, Oyo, a ‘toxic’ culture and troubling incidents
The company expects to lose money through at least 2021, and efforts to expand in Japan have flopped.
YES Bank says reviewing fit and proper status of Uttam Prakash Agarwal
In his resignation letter, Agarwal made certain observations on the bank's governance.
Expecting a 50 bps margin improvement in Infosys: Sandip Agarwal, Edelweiss
Don’t expect any big disappointment in TCS or Infosys earnings
Making efforts to financially strengthen bank further: Yes Bank
"All efforts are being made to financially strengthen the bank even further. Kindly, therefore, pay no heed to these unfounded reports," Yes Bank said. Last week, Uttam Prakash Agarwal, an independent director of Yes Bank resigned from the board and stepped down as head of its audit committee citing major corporate governance concerns.
Anil Agarwal mourns father's death, calls 'babuji' his guiding light
Sri Dwarka Prasad Agarwal's last rites are scheduled today.
I resigned from YES Bank as independent director because of corporate governance failure: Uttam Prakash Agarwal
I was also not satisfied with the system being followed for raising capital.
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