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Tata Sons may bank on TCS to clear telecom arms' AGR dues

It will most likely bank on TCS for sourcing funds in case it has to pay the dues immediately, sources said.
The Economic Times



Branded agarbatti companies rework models amid slump

Agarbatti companies recently introduced fragrances such as apple and pineapple, neem-based mosquito repellants and no-smoke ones for asthmatic patients that also act as air purifiers. These special agarbattis retail at 50 paise to Rs 4 a stick, as companies go premium to earn higher margins. Cycle Pure Agarbathies and Moksh Agarbatti Company, too, are expanding their portfolio.

Vakrangee revamps senior management, enhances independence of board

The company is in compliance with the Kotak committee recommendations and...

No obligation on airlines to escort every flyer to boarding gate: SC

A bench comprising Justices A M Khanwilkar and Dinesh Maheshwari said if...

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  • Mobile phones often cost Rs 2,000-3,000 less on e-commerce channels than in physical stores owing to exclusive deals with handset brands. Currently, e-commerce channels account for nearly 40% of overall sales of smartphones while bricks-and-mortar stores sell the bulk of handsets, according to data from TechArc Research.

    "I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said.

    Addressing the employees of the company at the founder’s day held in Thrissur, Danesa Raghulal, executive director of the group said the company has already started taking initiatives to achieve the goal. She said she aimed at providing more environment friendly, health and nutritious food products to consumers.

    The Board of Directors of NTPC Ltd, in its meeting held today has noted that the in-principle approval accorded by the Cabinet Committee on Economic Affairs (CCEA) in their meeting held on November 21, 2019, for strategic sale of entire equity stake held by the Government of India in NEEPCO and THDC to the NTPC Ltd, along with transfer of management control.

    Earlier the Cabinet Committee on Economic Affairs had given its in-principle clearance to reduction of the government’s stake in select public sector units to 51%, while retaining management control on case-tocase basis, taking into account the government shareholding, and the shareholding of government-controlled institution.

    TeamLease Services, Central Bank of India and Wonderla Holidays are some of the companies which will report their December quarter earnings.

    However, the prices of underlying metal commodities did not exhibit selling pressure.

    The SoftBank-backed hospitality chain, which is under pressure to rein in costs and streamline operations, has/will be giving most Bschools, including IIM Bangalore, IIM Calcutta, IIM Kozhikode and SPJIMR where it was a recruiter last year, a miss during final placements, the institutes told.

    The platforms could be proprietary software used to host educational content or process mortgages. IT companies are betting on a platform play to help offset margin contraction caused by the increasing commoditisation of their core business. Software companies need to make one-off investments in building the platform, but the returns could be exponential if a slew of customers adopt it.

    Chakri Lokapriya, CIO & MD, TCG AMC says there is unlikely to be any meaningful recovery in Maruti results tomorrow. He also talks about pharma play, coronavirus scare, OMC batch & more.

    Pramit Jhaveri, reputed for turning around Citi India, may join Sir Dorabji Tata Trust.

    Udaan’s co-founder sheds light on the company’s success story.

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