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Analysis

Jagan Mohan Reddy

Reserving 75% jobs for locals will only hamper economic growth of Andhra Pradesh

Jagan Mohan Reddy government's proposed law to enforce 75 percent private sector job quota for locals may not help job creation as it could affect the ease of doing business. Jul 23, 2019
Allahabad Bank reports more fraud

Allahabad Bank report on Rs 688 crore fraud triggers fear of more irregularities

Allahabad Bank tells bourses that NCLT proceedings are in progress to recover the dues from a Ludhiana-based textile company; the bank had earlier reported a fraud of over Rs 1,775 crore by Bhushan Steel Ltd. Jul 18, 2019
RBI

Bimal Jalan report: Govt may put more pressure on RBI for cash to meet budget target

Jalan panel's proposal for 'nominal' transfer of RBI funds to the government from the reserves over 3-5 years falls short of expectations. Jul 18, 2019
Government intervenes to save IndiGo from Jet Airways-like crash landing

Will PM Modi's intervention save IndiGo from crash-landing like Jet?

Rahul Bhatia controls nearly 38 percent stake in the airline against Rakesh Gangwal's 37 percent. Bhatia also holds special rights, including the prerogative of appointing three out of six directors. Jul 17, 2019
Infosys

Infosys tightens the belt to protect margins as staff attrition rate skyrockets

The IT major is taking several measures to contain the fall in margin including withholding salary hikes to senior employees and suspending bonus payments to the staff of vice president level and above. Jul 16, 2019
Isro scrambles to meet July deadline for Chandrayaan 2 launch aboard GSLV MkIII

Will Chandrayaan-2 launch take place in 'one-minute window' of July 22?

After missing the optimal 10-minute window of July 15 Isro is eyeing one-minute windows that could recur daily for the rest of the month for the Chndrayaan-2 launch aboard GSLV MkIII. Jul 16, 2019
IndiGo promoters' differences threaten services

IndiGo rift set to worsen as Bhatia camp plans to grill Gangwal on engine talks

Board members to seek more information from Gangwal on his 'exclusive parleys' with engine maker Pratt & Whitney before IndiGo signed $20-billion deal for engines with rival CFM. Jul 15, 2019
IndiGo promoters' differences threaten services

More turbulence ahead for IndiGo as spat between the co-founders worsens

Rahul Bhatia replies to Rakesh Gangwal's allegations claiming related party transactions done by the airline company with his group of companies were in order. Jul 13, 2019
UBS Swiss bank

Will PM Modi finally be able to bring back all black money from Swiss banks?

Fight against black money gets a boost as Swiss banks will give details from September, according to Switzerland's Federal Department of Finance (FDF). Jul 11, 2019
IndiGo

Will IndiGo tread Jet's path as promoters clash over governance?

Differences between Gangwal and Bhatia have reached a stage where they could affect the day-to-day operations of India's largest airline; Sebi forced to intervene Jul 10, 2019
Mindtree Ltd

Race for Mindtree top job heats up; L&T vows no interference amid staff worries

Cognizant former executives lead the race for Mindtree top job as company share hits a 52-week low on NSE; second-rung leadership worried about the firm's future. Jul 9, 2019
BrahMos missile integrated into Su-30MKI

Longer-range BrahMos upgrade for Su-30MKIs makes India's air superiority total

Upgraded BrahMos missile of 500km range has been successfully testfired from IAF's advanced frontline fighter Su-30MKI, making India the only country with fighter jets armed with long-range supersonic cruise missiles. Jul 8, 2019
IAF

Union Budget 2019: Sitharaman increases the financial outlay for defence

Sitharaman's omission of defence allocation in speech surprised many, she being a former defence minister, but the finance minister defended her choice of highlights for the speech at the post-budget press conference Jul 5, 2019
Nirmala Sitharaman

Union Budget 2019: What spooked the market despite Sitharaman's reform refrain?

Benchmark indices slumped as Finance Minister Nirmala Sitharaman's speech progressed after a brief surge ahead of the presentation. Jul 5, 2019
Nirmala Sitharaman finance ministry

Market on tenterhooks as Sitharaman begins speech presenting Union Budget 2019

Sectoral indices of banks, auto, FMCG, and realty advance while metals worst hit in a market that is vertically split. Jul 5, 2019
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