M&M to buy Turkish tractor, foundry cos for Rs 735 crore

Thursday, 21 Sep 2017 | PTI | MUMBAI

Mahindra & Mahindra (M&M) on Wdednesday said it has signed pacts with Turkey-based Erkunt group to acquire its tractor manufacturing and foundry businesses for about Rs 735 crore, which will help it enhance its product portfolio. M&M said it will acquire Erkunt Traktor Sanayii, for Rs 478 crore, a move...

Stocks trade flat for 2nd day, Fed meet holds clue

Thursday, 21 Sep 2017 | PTI | MUMBAI

Key stock indices on Wednesday settled near the base line, mainly due to passive foreign investors, as all eyes turned to US Federal Reserve's policy decision. Geo-political issues returned after US President Donald Trump, in his speech to UN General Assembly, threatened to ‘totally destroy’ North Korea if it...

Theleme Master sells BoB shares worth Rs 1,115 cr

Thursday, 21 Sep 2017 | PTI | NEW DELHI

Theleme Master Fund Ltd, a UK- based hedge fund, on Wednesday offloaded Bank of Baroda shares worth Rs 1,115 crore through an open market transaction. The hedge fund sold its entire holding of 3.29 per cent or 75,817,327 shares of the bank, according to bulk deal data available with BSE. The shares...

Split of Chairman, MD posts at listed firms: PSUs may be first

Wednesday, 20 Sep 2017 | PTI | New Delhi

As a Sebi panel on corporate governance mulls benefits of splitting posts of chairman and managing director at listed firms, the public sector units may be the first where such a move could be implemented. While a final decision would be taken by capital market regulator Sebi with regard to...

Shell crackdown: Government makes public names of debarred directors

Wednesday, 20 Sep 2017 | PTI | New Delhi:

Intensifying its crackdown on shell companies and their operators, the government has made public names of over 55,000 directors linked to such firms to ensure they do not get associated with similar roles again. More such names will be published soon as the government has already identified over 1.06...

Can Mahindra-Ford v2.0 make it?

Wednesday, 20 Sep 2017 | Kushan Mitra

Some of us who have been writing about the automotive sector for a while remember the old days of the Mahindra-Ford combine. The legacy of that partnership is Ford’s first factory at Mahindra World City in Chennai and surprisingly Mahindra’s Scorpio. Several years ago, Anand Mahindra had told me in...

Modi’s meeting with FM, finmin officials deferred

Wednesday, 20 Sep 2017 | PNS | New Delhi:

Prime Minister Narendra Modi's stocktaking of the economy has been postponed pending finance ministry putting together a comprehensive presentation on the reasons for slowdown and remedial measures it proposes. Modi was to meet Finance Minister Arun Jaitley, Chief Economic Adviser Arvind Subramanian and other topofficials in the finance ministry this...

‘Fast-track GST refund, else Rs 65k-cr may be stuck’

Wednesday, 20 Sep 2017 | PTI | New Delhi:

Fearing that a staggering Rs 65,000 crore could get stuck in GST refunds, exporters on Tuesday asked the government to fast-track the refund process and avoid further deterioration in their ‘liquidity situation’. The Committee on Exports, chaired by Revenue Secretary Hasmukh Adhia, today met 8 export promotion associations to understand...

GST Council to meet on Oct 6, may dole out sops to exporters

Wednesday, 20 Sep 2017 | PTI | NEW DELHI

The 22nd meeting of the GST Council, chaired by Union Finance Minister Arun Jaitley, will be held on October 6 to deliberate on GSTN glitches and ironing out issues faced by exporters, a ministry official has said. The meeting was scheduled to be held on October 24 but was preponed...

18 of the 43 McDonald’s outlets in capital reopened, says Bakshi

Wednesday, 20 Sep 2017 | PTI | New Delhi:

McDonald’s estranged partner Vikram Bakshi said 18 out of the 43 outlets of the burger chain in the capital that have been closed since June due to expiry of eating house licences, reopened on Tuesday. The development follows a decision by the board of Connaught Plaza Restaurants Ltd (CPRL),...


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38-yr-old held for duping people coming to ATM

17 Sep 2017 | Staff Reporter | New Delhi

A 38-year-old man has been arrested by the Farsh Bazaar police for allegedly duping people coming to ATM and fraudulently withdrawing their money. Twelve ATM cards have been recovered from his possession...

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CPS boys bag Ranchi Cup-2017

23 Sep 2017 | PNS | Ranchi

Cambrian Public School put up a great show and defeated Delhi Public School by 4/1 in the finals of the two-day Inter-School Football Tournament: ‘Ranchi Cup’-2017 at Delhi Public School, Ranchi on Friday. Subrata Dutta, Sr...

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