Sebi levies Rs 37.6 lakh fine on 6 firms for fraudulent trading
Sebi noted that the firms violated the provisions of the PFUTP norms.
PSUs must be subjected to governance norms on par with pvt firms: CII
"CPSEs must be subject to the same governance standards as private play...
Coffee Day jumps 5% as PE firms look to pick stake in firm
The PE firms are expected to begin due diligence shortly.
6 out of top 10 firms add Rs 2.4 lakh crore to m-cap; TCS biggest gainer
The market cap of TCS zoomed Rs 1,93,666.73 crore to reach Rs 8,16,068.63 crore.
Diamond mines-to-brand firm KGK opens factory in Angola
The new KGK factory, in partnership with SODIAM, the Angolan state owned company for the trading of diamonds in Angola, incorporates the latest and highly developed technologies. The advancement is yet another manifestation of the natural progression of KGK’s global manufacturing operations.
Private equity firms want a big sip of Café Coffee Day
KKR, TPG and Bain sign non-disclosure pacts with CDEL; Louis Dreyfus may also join race.
In layoff season, outplacement firms gain traction
Outplacement service firms partner with companies in case of mergers or cost-optimisation drives to assess redeployment opportunities of existing staff, train managers on layoffs, find alternate jobs for those impacted, and also play the role of career coaches, among other tasks.
Troubles mount for Indian IT firms as clients look for more bang for buck
Analysts said several clients have asked Indian IT majors to cut rates and commit to costs savings upfront.
Infosys firm on stand, refutes charges of lapses
Lawyers dealing with the company’s legal strategy said Infosys followed all the required procedures as per its internal whistleblower policy. They are also taking a view that if whistleblower complaints are disclosed without verifying the veracity of the charges, they would hurt the company and also the interests of minority investors.
Blackstone invests Rs 1,750 crore in Future Lifestyle Fashion
Blackstone had acquired about 6%$ stake in FLF for about Rs 545 crore.
VRise pledges its clients’ securities worth Rs 37 crore to another firm
Brokerage firms help people buy and sell securities by acting as agent.
UK firms upbeat about doing business in India: Report
With Brexit on the agenda of UK companies, 26 per cent said that they planned to do more business with India as a direct result of the UK leaving the EU. This will be a further boost to the flow of goods, services and investment between the two countries, the UK India Business Council (UKIBC) said.
Radhakishan Damani picks stake in this smallcap firm; stock jumps 6%
VST Industries is engaged in manufacturing and sale of cigarettes and unmanufactured tobacco.
Sensex jumps 150 points, Nifty tops 11,900 on firm global cues
Among major Sensex gainers were Tata Motors that advanced 3.11 per cent to Rs 172.20.
India to consider shifting dividend tax to investors from firms
The budget statement due Feb may include a proposal to tax dividends once they are paid to shareholders.
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