Companies & Sectors

Popular Indian biscuit maker Parle Products may cut up to 10,000 jobs owing to the prevailing macro-economic situation, according to a company executive.   Rural distress has taken a heavy toll on fast moving consumer goods (FMCG) sales for the past few quarters. Companies like...
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The Enforcement Directorate charge sheet against IL&FS and the cabal which ran it gives the full scope and extent of the malfeasance and all pervasive rot.   Pertinently, it refers to the closed user group individually and by name and provides details on their conduct. The conclusion...
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India is probably the only country to have enacted corporate social responsibility (CSR) into a law. The world over CSR is all about business models and not philanthropy. It is internal and not external. It is only in India that it has been made external. Section 135 of the Companies Act,...
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The government on Monday removed the requirement of 'Debenture Redemption Reserve' (DRR) for listed companies, non-banking financial companies (NBFCs) and housing finance companies (HFCs).   A statement by the Corporate Affairs Ministry said that the decision has been taken in...
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In what is seen as a major casualty of the ongoing stress in the telecom sector, Vodafone Idea CEO Balesh Sharma has resigned with immediate effect.   The company's board said on Monday that Sharma has resigned due to "personal reasons".   The company has consequently...
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