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TCS offers Rs 16K-cr to shareholders in second buyback in two years

Saturday, 16 Jun 2018 | PTI | Mumbai

The largest software exporter TCS on Friday announced a Rs 16,000-crore share buyback, second in as many years, as part of its long-term capital allocation policy of returning excess cash to the shareholders. Within minutes of the announcement, the shares surged 3 per cent in late trade hitting a new life-time...

Business Corner

Saturday, 16 Jun 2018 | PNS

POWERGRID conferred “Special Commendation Award” POWERGRID has been conferred “Special Commendation Award” at ISTD National Innovative Training Practices Award. The award was received by Anil Saberwal, GM-I/C(HRD) on behalf of POWERGRID at the 47 ISTD NATCON 2018 held at Chennai. Nafed opens its Retail Bazaars in Rohini National Agricultural Cooperative Marketing Federation of...

India, US officials to meet soon to discuss concerns of both sides: Prabhu

Saturday, 16 Jun 2018 | PTI | New Delhi

Senior officials of India and the US will soon meet to address concerns of both the sides, including issues related with visa, continuation of certain concession for exports, duty on steel and aluminium, and prices of certain medical devices. Commerce and Industry Minister Suresh Prabhu, who was in Washington earlier this week,...

Funds collected under GST anti-profiteering rules to be split between Centre, state

Saturday, 16 Jun 2018 | PTI | New Delhi

Centre and the ‘concerned state’ will equally share the amount deposited by erring businesses in the consumer welfare fund set up as part of the GST anti-profiteering rules, as per a Finance Ministry notification. Following the rollout of GST in July last year, the Government set up a national anti-profiteering authority...

India investment seminar at Kunming attracts large gathering of Chinese investors

Saturday, 16 Jun 2018 | PTI | Beijing

Over 120 Chinese industry and Government representatives attended the India-China Investment Seminar organised on the sidelines of the fifth China-South Asia Expo in Kunming city. The Indian consulate in Guangzhou organised the seminar on Thursday. The event was supported by the Yunnan International Expositions Bureau, a press release from the consulate...

PNB board approves ESOP scheme of up to 10 cr shares

Saturday, 16 Jun 2018 | PTI | New Delhi

State-run Punjab National Bank (PNB) on Friday said its board has approved to issue and allot up to 10 crore new shares of bank in one or more tranches to its employees under Punjab National Bank Employees Share Purchase Scheme (PNB-ESPS). The nomination and remuneration committee will decide all the matters...

Pradhan asks OPEC to price oil responsibly

Friday, 15 Jun 2018 | PTI | New Delhi

India on Thursday voiced its concern over high international oil prices with oil producers cartel OPEC and nudged it to move to responsible pricing that balances interests of both producers and consumers. Oil Minister Dharmendra Pradhan conveyed India’s concerns when he met ambassadors of OPEC countries in India, an...

WPI inflation spikes to 14-month high of 4.43% in May on costlier fuel

Friday, 15 Jun 2018 | PTI | New Delhi

Inflation based on wholesale prices shot up to a 14-month high of 4.43 per cent in May on increasing prices of petrol and diesel, prompting industry to demand action from policymakers to keep fuel prices under check. The Wholesale Price Index (WPI) based inflation stood at 3.18 per cent in April...

Will use capital funds to grow in rural, semi-urban pockets: HDFC

Friday, 15 Jun 2018 | PTI | Mumbai

A day after getting the Government’s nod to raise up to Rs 24,000 crore capital, private sector lender HDFC Bank on Thursday said it will use the funds to grow in semi-urban and rural pockets. “The additional capital will go a long way in supporting our growth plans over the next...

Business Corner

Friday, 15 Jun 2018 | PNS

PM dedicates modernised Bhilai Steel Plant Prime Minister Narendra Modi on Thursday dedicated Steel Authority of India Ltd.’s (SAIL) modernised and expanded Bhilai Steel Plant to the nation at Bhilai in a magnificent function attended by a huge gathering of citizens and dignitaries. With this historic dedication to the nation, SAIL...


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‘Assault’ on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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IN BRIEF

23 Jun 2018 | PNS | Kochi

MCD still waiting for HC order on encroachment Dehradun: Days after the High Court ordered the officials to remove encroachment from different areas of Dehradun like markets, streets and footpaths in four weeks, the officials concerned said on Friday that they were still waiting for the order to come. They, however, assured that they would execute the order once they get a copy and read it thoroughly...

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