Business

24 Feb

Mukesh Ambani’s Big Revamp Of TV Business Before Potential Stake Sale

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Reliance Industries Ltd., controlled by Indian billionaire Mukesh Ambani, is merging its media and distribution businesses spread across multiple entities into Network18 Media & Investments Ltd. to help simplify the structure of the assets.The broadcasting business, TV18 Broadcast Ltd., will be housed in Network18, while the cable and internet services will be folded under two separate wholly owned units of Network18, Reliance Industries said in a statement late Monday.Under the recast, the share exchange ratio would be:92 shares of Network18 for every 100 shares of TV1878 shares of Network18 for every 100 shares of Hathway Cable & Datacom Ltd.191 shares…

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24 Feb

Pay Hikes In India To Fall To Decade Low In 2020

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A new survey report on Tuesday said that India will see the lowest salary increase in a decade this year and even the real estate and transport sector -- the top national job generators -- will witness lowest pay hikes in 2020.The sharpest drop in pay hikes was projected in the auto sector, reflecting its stress; e-commerce sector was seen giving a double-digit pay hike -- among the highest across 20 sectors -- surveyed by on Plc, a human resource consultancy firm ."The vehicle manufacturing industry reported the biggest drop, from 10.1 per cent in 2018 to 8.3 per cent…

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24 Feb

Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

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The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of…

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21 Feb

Budget 2020: Impact on the Indian economy

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Calcutta Chamber of Commerce take on union budget  2020 2021and its impact on economy.The guest of honor present was Shri Sumit Dutt Majumder Shri Gaurav Swarup CA Dipankar Chatterjee Shri Saurabh Kedia and Shri Rajeev Maheshwari . The main point of discussion were the whole excise is an opportunity for the government to unfold the economic policies for sustainable growth of economy. The budget has foccused on the ease of living when it is talked about . It has focussed on startup scheme , msme sector as well as on the new economy that focuses om Al quamtam technology alongwith…

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19 Feb

EESL signs MoU with BSNL to install 1000 public charging stations across India

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 Energy Efficiency Services Limited (EESL), a joint venture of four National Public Sector Enterprises under Ministry of Power, Government of India, has signed a Memorandum of Understanding (MoU) with Bharat Sanchar Nigam Limited (BSNL), an Indian state-owned telecommunications company for the installation of public charging stations to boost e-mobility adoption across India. Under the partnership, EESL will set up public charging stations in 1000 BSNL sites in a phased manner on a pan India basis. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel.…

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17 Feb

-Launch of study for India’s Best Workplaces in Health and Wellness

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In India, organizations are under immense pressure to thrive in constantly changing internal environment and rapidly evolving market situations. Thus, it is no surprise that workplace wellness is increasingly being featured as part of strategic initiatives in the corporate agenda. Hence, there is a growing need to study and improve wellness at workplaces. To create awareness on the same, Great Place to Work® India and MediBuddy have launched India’s first and the largest study to identify “India’s Best Workplaces in Health and Wellness.” with Shaheen Bhatt, Author of ‘I have never been (Un) happier’. Commenting on the partnership Mr Prashant Jhaveri, CEO, MediBuddy says, “Our association and involvement in…

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16 Feb

After Sensex, Nifty Rise For Second Straight Week, Analysts See Some Pressure Ahead

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Domestic stock markets managed to register a second straight weekly gain as weakness in banking stocks offset strength in IT shares. The S&P BSE Sensex index and the broader NSE Nifty benchmark climbed 115.89 points - or 0.28 per cent - and 15.1 points - or 0.12 per cent - for the week. In the previous week, the benchmark indices had soared 1,406.32 points (3.54 per cent) and 436.5 points (3.74 per cent) respectively, following Budget announcements which some analysts say may support the economy in the long run.Overall trend in the markets was negative, with only select stocks helping…

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16 Feb

Centre Closely Monitoring Agriculture Credit Given By Banks: Finance Minister

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Finance Minister Nirmala Sitharaman said on Saturday that the government is monitoring farm credit given by banks in rural areas, adding that she expects to meet the increased target of Rs 15 lakh crore for the next fiscal.The government in Budget 2020-21 has raised the farm loan disbursal target by 11 per cent to Rs 15 lakh crore for the next fiscal and allocated Rs 1.6 lakh crore to implement various plans in agriculture and allied sectors as it chases the goal of doubling farmers' income by 2022.The government has allocated Rs 75,000 crore for the PM-KISAN scheme for the…

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16 Feb

Telecom Firms Warned Of “Necessary Action” If Dues Not Cleared Immediately

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The government may take action in terms of encashing the bank guarantees of telecom service providers (TSPs) in case they "immediately" fail to pay their spectrum usage charges and the licence fees in compliance with the Supreme Court order of October 24 last year.In letters to different telecom circles, the zonal telecom units of the Department of Telecom (DoT) have not explicitly raised the issue of encashment of bank guarantees in the communications to the telecom service providers, but mentioned "necessary action under the Licensing Agreement without any further notice" which indicates towards two courses of action -- either encashment…

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16 Feb

Business Development Awareness Programme

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MSME plays a vital role in economic structure and employment generation of West Bengal. West Bengal accounted for 11.62% of Micro Small & Medium Enterprises and holds the 2nd Position in the Country. West Bengal has highest number of MSME in the country with 52,69,814 nos. of Units.The West Bengal Small Industries Development Corporation Ltd was established in the year 1961 under the aegis of MSME Department with the sole objective of promotion infrastructure and extending marketing support to the MSME having low investment capacity and but high potential in respect to employment generation. Over the years WBSIDCL has been…

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