Everstone Group agrees to buy Kenstar from Videocon arm

Kenstar is a market leading brand of air coolers, with No.1 or strong No. 2 positions in most regions in India and a national No.2 share. Mumbai: Home-grown private equity firm Everstone Group on Monday said it has agreed to acquire Kenstar, a brand of air coolers, air conditioners and other home appliances, from Century Appliances Ltd, an associate More...

by Loknath Das | Published 2 weeks ago
By Loknath Das On Monday, November 6th, 2017
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Paradise Papers: EU to discuss blacklist of tax havens

At the moment, each EU country has its own list of jurisdictions that are seen as less cooperative on tax matters. Photo: Bloomberg Brussels: European Union (EU) finance ministers will on Tuesday discuss setting More...

By Loknath Das On Monday, November 6th, 2017
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Sebi, income tax dept to scrutinize Indians named in Paradise Papers

CBDT chairman Sushil Chandra says that once more details on Indians in Paradise Papers comes out, the tax department will take appropriate action. Photo: PTI New Delhi/Mumbai: The Income Tax department and Securities More...

By Loknath Das On Friday, November 3rd, 2017
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Sebi bans 10 entities for fraudulent trading of STML shares using fake SMSes

Clamping down on fraudulent activities, Sebi has barred 10 entities for sending out fake SMSes in bulk with “questionable recommendations” to pump up trading volumes in the shares of Supreme Tex Mart Ltd. Promoters, More...

By Loknath Das On Thursday, October 26th, 2017
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HCL Tech Q2 net profit up 8.6%; maintains FY18 revenue outlook

India’s fourth largest software firm HCL Technologies on Wednesday reported a net profit of Rs 2,188 crore for the quarter ended September 30, 2017, up 8.6 per cent over the year-ago period. The company maintained More...

By Loknath Das On Thursday, October 12th, 2017
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Expect lay-offs in IT companies as job market to shrink in the next two quarters: Survey

Indian IT professionals are likely to see reduced job opportunities in the next six months as traditional roles are increasingly getting disrupted in the wake of automation and digitisation, a survey found out. According More...

By Loknath Das On Friday, October 6th, 2017
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Former Uber chief names 2 directors, surprises board

Former Uber CEO Travis Kalanick on Friday unilaterally appointed two new members to the board of directors in a surprise move that increased tension within the leadership of the popular ride service. Kalanick, More...

By Loknath Das On Monday, October 2nd, 2017
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European oil companies plan major carbon capture project in Norway

Three European oil companies will assemble a major carbon storage project in Norway, part of an effort to mitigate rising temperatures. Norway’s Statoil, France’s Total and Anglo-Dutch oil company Royal More...

By Loknath Das On Friday, September 8th, 2017
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Govt mulls making unlisted companies hold shares in demat form

The government is looking at the feasibility of mandating all unlisted companies to have their shares in dematerialised form, sources said as authorities step up efforts to weed out shell firms. Preliminary discussions More...

By Loknath Das On Thursday, August 31st, 2017
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Almost half of companies fail on payment security

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional More...