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    Sonowal for river, rail links between Assam, Bangladesh

    Guwahati, Oct 23 (IANS) Assam Chief Minister Sarbananda Sonowal has called for restoration of the Brahmaputra-Barak-Padma-Meghna riverine waterways to take forward the outcome of the India-Bangladesh Stakeholders' Meet.The Chief Minister conveyed this to a delegation led by Bangladesh Commerce Minister Tipu Munshi, which met him at his office in Dispur on Wednesday. The delegation is...

    • 58 min ago
  • Business

    Blatant disregard for disclosure guidelines by Infosys?

    Mumbai, Oct 23 (IANS) Infosys management's decision to not disclose the whistleblowers' letter has cost the investors and the company heavily. And it now comes across that the company showed blatant disregard for the guidelines under which the "materiality" of information has to be disclosed.Market regulator Sebi's policy mandates the disclosure of any information...

    • an hour ago
  • Business

    Bajaj Auto's Q2 net profit rises by 22% on lower taxes

    Mumbai, Oct 23 (IANS) Lower tax expenses aided two and three-wheeler major Bajaj Auto to post a higher standalone net profit of 21.68 per cent for the second quarter of 2019-20.According to the company, pursuant to the Taxation Laws (Amendment) Ordinance 2019, it intends to exercise the option to compute income tax at the revised rate (25.17 per cent) from the current financial...

    • an hour ago
  • Business

    Around 2 lakh housing units sold in Jan-Sep: Report

    New Delhi, Oct 23 (IANS) Around 2 lakh housing units were sold across the seven major cities in the country during the January-September period 2019, registering a 13 per cent year-on-year (YoY) rise in sales, according to an Anarock report.Last year, during the same period, around 1.78 lakh units were sold, the report said. The total value of the houses sold till September was around Rs 1.54...

    • 2 hrs ago
  • Business

    Indian Army, NASSCOM ink deal to train war veterans

    New Delhi, Oct 23 (IANS) To provide jobs to war veterans post-retirement, Indian Army and National Association of Software and Services Companies (NASSCOM) inked collaboration on Wednesday to train their officers and personnel for re-employment in the corporate world. The partnership was announced at NASSCOM Diversity and Inclusion Summit during the 'Battlefield to Board Room -- Veteran...

    • 2 hrs ago
  • Business

    HCL Technologies Q2 net profit up 4.4% (Lead)

    New Delhi, Oct 23 (IANS) Software major HCL Technologies Ltd (HCL) on Wednesday reported a Rs 2,651 crore consolidated net profit for the second quarter (Q2) of fiscal 2019-20, registering a 4.4 per cent annual growth over the same period a year ago.The company had posted a profit after tax (PAT) of Rs 2,540 crore in the July-September quarter of last year.Sequentially, net profit rose 19.4 per cent...

    • 3 hrs ago
  • Business

    Infy will stabilise and bounce back

    Bangalore Oct 23 (IANS) Examining the entire la affaire Infosys, Dalal Broacha Research says that in light of the recent developments, the Infosys management has been accused of the following allegations by whistleblowers:* Unethical reporting and accounting practices â€" i.e. aggressive revenue recognition and delays in expense recognition to manipulate actual financial performance. For example:a....

    • 3 hrs ago
  • Business

    I-T raids unearth Rs 1,000 cr worth hawala money in Delhi

    New Delhi, Oct 23 (IANS) In a massive search operation in Delhi, the Income Tax (I-T) department has unearthed hawala and other accommodation entries of more than Rs 1,000 crore.The tax department has also found links to money laundering involving the business group engaged in e-governance projects and financial services."The search and seizure action has led to unearthing of...

    • 3 hrs ago
  • Business

    NIIT Technologies Q2 net profit up over 12%

    Noida, Oct 23 (IANS) Leading IT solutions provider NIIT Technologies on Wednesday reported a 12.2 per cent rise in net profit for the second quarter ending September at Rs 119.5 crore on the back of improved performance among its various verticals.In a statement here, NIIT Technologies said its consolidated revenue for the quarter in review at Rs 1038.5 crore grew 19 per cent over the same period last...

    • 3 hrs ago
  • Business

    Cabinet approves BSNL-MTNL merger, 4G grant, bond issue (Lead)

    New Delhi, Oct 23 (IANS) The Union Cabinet on Wednesday approved the revival plan of loss-making firms -- BSNL and MTNL -- which includes allocation of 4G spectrum with a capital infusion of Rs 20,000 crore and their in-principle merger.The revival and restructuring plan also includes permission to the entities to raise sovereign bonds of Rs 15,000 crore, monetise Rs 38,000 crore of...

    • 3 hrs ago

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