The boardroom battles at the $100-billion Tata Group business empire have escalated into a Twitter war of the kind corporate India has never seen. As both camps try to shape public opinion, shareholders will be called in December to pick sides at extraordinary general meetings being held to vote on Mistry's removal from the boards of individual group units such as Tata Consultancy Services Ltd., Tata Chemicals Ltd. and Tata Power Ltd.
Given this, there are five hurdles to Modi's ambition of converting India to a cashless economy: 1. 342 million internet users, 27 per cent of Indians: Earlier this year, India surpassed the US to become the country with the second-largest number of Internet users, according to this June 2016 report by investment firm Kleiner Perkins Caufield & Byers.
The Los Angeles bid committee for the 2024 Olympics released details of a nearly unheard-of budget plan Friday, insisting $5.3 billion will be enough to cover both operational and infrastructure costs for an Olympics that won't need any new, permanent stadiums. The cost would be less than half that of the recently completed Rio Games and about a quarter of Tokyo's ballooning budget for the 2020 Olympics.
A memorandum of understanding (MoU) was also signed between Supreme Committee for Delivery and Legacy of Qatar and Confederation of Indian Industry which will provide a framework for project experts for Indian companies in Qatar, including through participation in infrastructure projects in Qatar undertaken for the 2022 FIFA World Cup.
Gold prices recovered from its six-month low by rising Rs 250 to Rs 29,250 per 10 grams at the bullion market on Saturday on positive global cues amid scattered buying by jewellers at domestic spot market. In addition, scattered buying by jewellers to meet ongoing wedding season demand at domestic spot market supported the upmove, they said.
Bengaluru is one of the least affected cities due to the demonetisation move as the market here has been predominantly transparent with cash transactions almost being negligible, Confederation of Real Estate Developers' Association of India (CREDAI) said. "Bengaluru is one of the least affected cities,the reason being the market here has predominantly been transparent and cash transactions are almost negligible," CREDAI chairman Irfan Razack told reporters.
Commenting on the launch, Guillaume Sicard, President - Nissan India Operations, said, "The GT-R is a very special car for Nissan and we are delighted to add it to our Indian line-up for the first time in its history. It also continues our commitment to our Indian customers to offer an evolving range of dynamic and exciting new models. The GT-R will give a great boost to the Nissan brand in India and is guaranteed to turn many heads."
At a time when the country is undergoing a demonetisation drive, the Reserve Bank of India (RBI), in its next policy meeting on December 7, may cut the main interest rate by 50 basis points, feels Keki Mistry, Vice Chairman and CEO of HDFC. In an interview to BTVi, Mr Mistry said: "My sense is that in the RBI policy, I would expect to see an interest rate reduction.
The ringgit will see range-bound trading next week and move between 4.45 and 4.46 (against the US dollar), on market adjustments following the announcement of new measures by Bank Negara Malaysia (BNM), said a dealer. For the week just-ended, the ringgit was traded higher at 4.4500/4550 against the greenback from 4.4530/4600 last Friday.
A Jet Airways Mumbai-Bhopal flight was delayed by two hours as a group of passengers refused to let the aircraft fly without their 'delayed' companions. Some unruly passengers, who were a part of a marriage party, bullied Jet Airways to not only persuade but also bribe others passengers who were on the flight to deboard the plane so that their family members, who were late to the airport, could fly.
THOUSANDS OF EIR customers' data may be at risk of being stolen because of a fault with a piece of internet hardware, or modem, supplied by the company. When contacted by TheJournal.ie, Eir confirmed "a portion of our broadband modems, approximately 30%, may have this security vulnerability": Eir has been made aware of the potential security vulnerability concerning two of our broadband modems, the Zyxel D1000 and Zyxel P-660HN-T1A devices.
Nokia quit smartphones in 2014 by selling its handset activities to Microsoft to focus on mobile network equipment. Nokia smartphones are poised for a comeback after former managers at the Finnish company licensed the handset brand from Microsoft and struck up partnerships with Google and phone manufacturer Foxconn . HMD Global, led by Nokia veteran Arto Nummela, wants to launch its first Nokia smartphone in the early part of next year using Google's Android operating system.