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Industry labour
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Number of strikes falls 70% in January-March

Industry-labour relations have improved dramatically  in the first three months of the current year as compared to the same period last year. The number of strikes across industrial units fell to just 11 during the January-March period of 2018 from 36 in the same period of 2017 and 26 in 2016. Similarly, lock-outs went down

vedanta
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Anil Agarwal to delist Vedanta from LSE

Amid rising protests in the UK following the death of 13 people in May during violent demonstrations against its copper smelter in Tuticorin, Tamil Nadu, Anil Agarwal has decided to delist his flagship firm Vedanta Resources from the London Stock Exchange after buying out 33.5% of non-promoter shareholders for about $1 billion. The company said

pan card
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Free PAN in seconds! Here’s how to get instant Permanent Account Number from IT department

The Income Tax department has launched an ‘instant’ Aadhaar-based PAN allotment service for individuals seeking to obtain the unique identity for the first time. “This facility is free of cost and instant allotment of e-PAN is available only for a limited period on first-come-first-serve basis for valid Aadhaar holders,” the department said in a recent

Indian share markets
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BSE, BME tie-up to develop commodity derivatives markets

BSE, BME tie-up to develop commodity derivatives markets Premier stock exchange BSE has entered into an agreement with the Bombay Metal Exchange (BME). They entered into an agreement for the growth and systematic development of commodity derivatives markets in the non-ferrous metals complex. Through this memorandum of understanding (MoU), the BSE and the BME will

Currency, Ruppee
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Rupee regains 60 paise vs US dollar from all-time low per USD after RBI taps forex market

The Indian rupee regained nearly 60 paise vs US dollar from an all-time low level of 69.09 per USD in the early deals on Friday at the foreign exchange market, possibly after the Reserve Bank of India (RBI) intervened with an aim to arrest further plunge. According to the latest rupee to dollar exchange rate today on Bloomberg,

Delhi Metro
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Delhiites note this great news! Delhi Metro to be linked with all transport systems in NCR soon

The Delhi Metro will be linked to other public transport systems in all cities in the Delhi-NCR region within one year to ensure “last mile connectivity”, an official of the Ministry of Housing and Urban Affairs has said. Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has asked the Delhi Metro Rail Corporation

Sebi
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Sebi tweaks rules for IPOs, buybacks and takeovers

The Securities and Exchange Board of India (Sebi) on Thursday eased several rules relating to Initial Public Offers (IPO), rights issues, buybacks and takeovers. The regulator’s board approved these changes as also those relating tenures of managing directors of market intermediaries. The capital markets watchdog reduced the time for announcing the price band of initial

Pnb bank
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What led to huge PNB fraud and how few rogue employees escaped detection

A $2 billion fraud at India’s Punjab National Bank (PNB) may have been orchestrated by a few rogue employees, but it escaped detection because of widespread risk-control and monitoring lapses in many areas of the bank, the bank’s own internal probe has found. PNB, India’s second-biggest state-controlled lender, has previously alleged that a handful of

trade war vis US China
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Trade war fears rattle American stock markets, Dow Jones gives up 2018 gains

U.S. stocks fell on Tuesday as a sharp escalation in the trade dispute between the United States and China rattled markets and put the Dow Jones Industrial Average back in negative territory for the year. President Donald Trump threatened to impose a 10 percent tariff on another $200 billion of Chinese goods, and Beijing warned

Vijay Mallya
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Vijay Mallya ‘diverted’ over Rs. 3,547 crore funds to Royal Challengers Bangalore, other entities, says ED

In a major worry for beleaguered business man Vijay Mallya, the Enforcement Directorate (ED) has accused the now defunct Kingfisher Airlines of “diverting” over Rs. 3,547 crore of loan to a UK-based F1 motorsport firm, a T20 IPL team and others, according to reports. Apart from this, the ED also said in its supplementary prosecution