Daily Archives: October 12, 2018
US first lady Melania Trump has said that she loves President Donald Trump and has “much more important things to think about” than allegations he cheated on her with a porn star, a Playboy Playmate or anyone else.
With underlying volumes growing at 10% during the quarter, sales rose 11% to Rs 9,138 crore from Rs 8,199 crore in the year-ago period. Operating margin was up 160 basis points (100 bps = 1 percentage point).
Liberty House announced on Friday that it had made a conditional agreement to buy ArcelorMittal’s major integrated works at Galati in Romania and Ostrava in the Czech Republic, along with rolling mills at Skopje in Macedonia and Piombino in Italy.
Last month, the microfinancier-turned-bank was barred from opening new branches by the RBI for not diluting promoter holding. The central bank also froze the remuneration of its promoter-CEO Chandra Shekhar Ghosh for the same reason.
#MeToo is proving good for some businesses. Enquiries have spiked up to 200% in last week for consultants who deal in law and training modules for workplace sexual harassment; more lawyers want to start in this field. A consultant’s website crashed because of the surge of traffic. Companies are rushing to strengthen their Internal Complaints Committee.
In a speech at IIT Bombay on Friday, RBI deputy governor Viral Acharya said that the lending restrictions on banks with high NPAs and low capital did not starve industry of credit but merely shifted business to healthier banks.
The decision was taken in the second meeting of the board, chaired by Uday Kotak, which was set up by the government and approved by the National Company Law Tribunal. The board also said that it had initiated austerity measures related to personnel and operating expenses.
Government sources said the effort would be to get an idea of how the global oil market will pan out and how India can keep global investors interested in its oil sector and sustain the rapid pace of growth in spite of geopolitical headwinds.
TCS made a net addition of 10,227 people in the September quarter, its highest in 12 quarters. The attrition rate is relatively low at 10.9%, which prompted CEO Rajesh Gopinathan to say on Thursday that the company was a gold standard in talent retention.