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CG Power seeks recovery of Rs 3,400 cr from several firms
Business

CG Power seeks recovery of Rs 3,400 cr from several firms

Cash-strapped CG Power has asked several companies including its firms affiliated to its promoter and former Chairman Gautam Thapar to return a total of over Rs 3,400 crore.

Vodafone writes off book value of Indian operation, CEO flags liquidation risk
Business

Vodafone writes off book value of Indian operation, CEO flags liquidation risk

The price wars in the Indian telecom market have pushed the value of Vodafone's local joint venture to zero or nil as Vodafone CEO Nick Read indicated that the Indian operation is headed for liquidation unless the Indian government provides relief on mobile spectrum fees.

Zyfra operationalises unmanned truck-tractor to carry goods
Business

Zyfra operationalises unmanned truck-tractor to carry goods

Finnish-Russian digital solutions provider Zyfra said on Tuesday that jointly with the Nazarbayev University of Kazakhstan and KAMAZ, the company has completed a major international project aimed at developing an autonomous truck-tractor based on the KAMAZ-5490 Neo.

Vodafone risking fraud charges by investors, warns legal expert
Business

Vodafone risking fraud charges by investors, warns legal expert

Vodafone Group's financial statement on Tuesday only strengthens the perception that it has risked itself to being accused of playing fraud upon the investors and shareholders for lack of transparency and for neither paying license fee (LF) and spectrum usage charges (SUC) nor provisioning the actual liabilities in their books of accounts, legal expert Manoj Kumar has said.

Amazon launches 'Project Zero' in India to block counterfeits
Business

Amazon launches 'Project Zero' in India to block counterfeits

In a bid to ensure that customers receive authentic goods when shopping on Amazon. Amazon on Tuesday announced to bring "Project Zero" to India. "Project Zero" introduces additional proactive mechanisms and powerful tools to identify, block and remove counterfeits.

Reforms, stability expected to usher growth: BSE chief ( interview)
Business

Reforms, stability expected to usher growth: BSE chief ( interview)

The Centre's regulatory reforms, as well as strengthening of its public grievance redressal system has imparted confidence to businesses and investors alike and this trend will usher in faster economic growth, BSE Chief Ashishkumar Chauhan has said.

Report says 2QFY20 GDP growth may slip to 4.7%
Business

Report says 2QFY20 GDP growth may slip to 4.7%

Even as the government continues to stress that economic slowdown is cyclical in nature and a recovery will soon be visible, high frequency data suggests otherwise.

Second whistleblower fires more salvos at Infosys CEO (2nd Lead)
Business

Second whistleblower fires more salvos at Infosys CEO (2nd Lead)

Unleashing a barrage of charges against Infosys Chief Executive Officer Salil Parekh, the second whistleblower fired more salvos at him, with the allegations ranging from his unaccounted travels to grabbing the company's sponsored vantage point seats at the ATP tournaments for personal use.

Finance panel grills FinMin on demonetisation, state of economy
Business

Finance panel grills FinMin on demonetisation, state of economy

Demonetisation came to haunt Finance Ministry officials all over again with a section of the lawmakers choosing the subject to grill the executive while raising questions whether the move taken three years ago was the prime reason for the current slowdown.

Vodafone half yearly results hit by Indian operations
Business

Vodafone half yearly results hit by Indian operations

Vodafone announced its financial results for the six months ended September 30 with several adverse comments from its Indian operations including losses.

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