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9 December, 2018 12:06 PM IL&FS crisis: ICAI accuses 3 top audit firms of professional misconduct

The ICAI's decision to hold IL&FS' statutory auditors 'prima facie guilty' has cleared the way for full-fledged investigations against the partners of these audit firms. The statutory auditors of Infrastructure Leasing and Financial Services (IL&FS) Ltd – the parent company of debt-laden IL&FS Group - and two of its subsidiaries, IL&FS Transportation 48

8 December, 2018 5:28 AM Airbus wins December deliveries some breathing room after busy November

Airbus has left itself a slightly less challenging task on deliveries for the final weeks of the year than 2017's record surge in December, but only after trimming the target with its most recent results, company data showed on December 7. Airbus said it had delivered 673 aircraft up to the end of November, leaving 109 aircraft still to be delivered 41

7 December, 2018 1:59 PM Social media must guard against misuse of platforms: Ravi Shankar Prasad

Facebook, Twitter, YouTube and WhatsApp have changed the manner in which users consume content and communicate with each other, but the social media firms need to be mindful of "certain dos and don'ts" and guard against any misuse of their platforms, IT Minister Ravi Shankar Prasad said. Speaking at the CII Big Picture Summit, Prasad said that social 40

7 December, 2018 2:55 AM Innoven Capital invests Rs 55 crore venture debt in Quikr

Venture debt firm Innoven Capital on Friday said it has invested Rs 55 crore in Quikr India Pvt Ltd, which runs online classifieds and services portal. The investment comes at a time when the company is looking to raise $150 million from venture capital firms. "Pranay (Chulet) and the Quikr team have built some market leading vertical platforms, all of which 43

30 November, 2018 5:50 AM Vedanta seeks US oil services consortium for new India blocks

India's Vedanta Resources wants US oilfield services companies to set up consortia to help develop the 41 blocks in India acquired this year by its Cairn Oil & Gas unit, the company's Chairman said on November 29. Vedanta Chairman Anil Agarwal and Cairn Chief Executive Sudhir Mathur met with executives from 70 services companies this week in Houston 54

27 November, 2018 4:57 AM Worried about ATMs shutting down? Here is how you can adopt online payment methods

Instant transfer directly to bank account is the biggest plus point of using UPI, compared to other cashless modes. We all remember the horror stories of having to stand in serpentine queues to deposit/withdraw cash after the government announced note ban in November, 2016. While an event of that scale is unlikely to happen in future, you could find yourselves 68

27 November, 2018 4:05 AM Alibaba's Jack Ma Is A Communist Party Member, Says China's State Media

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said on Monday, debunking a public assumption the billionaire was politically unattached. The People's Daily revealed Ma's Party membership in a list of 100 people it said had helped drive the country 80

26 November, 2018 4:58 PM Indian firms raise Rs 36,176 cr in October

In September, the firms had mobilised Rs 43,915 crore. Indian firms raised funds worth Rs 36,176 crore by issuing securities on public and private placement basis during October, registering a decline of 17 percent from the preceding month. According to the latest data available with Securities and Exchange Board of India (SEBI), the capital garnered 60

23 November, 2018 11:25 AM Oil India to buy back 4.45% shares for Rs 1,085 cr

State-owned Oil India Ltd will buy back 5.04 crore of its shares for a little over Rs 1,085 crore as part of the government's push to cash-rich PSUs to part with their surplus either by paying higher dividends or through share buybacks so as to help meet revenue targets. In a regulatory filing, OIL said its board has approved buyback of shares at an aggregate 60

23 November, 2018 10:17 AM CPSE ETF's 4th tranche to be available on BSE online platform from next week

Leading stock exchange BSE has said subscriptions for the fourth tranche of CPSE ETFs will commence from next week on its Internet-based book building system (iBBS) platform, an online mechanism for investment. "The subscription CPSE ETF FFO-3 will commence from Wednesday, November 28, till Friday November 30, on BiMF (BSE iBBS Platform for Mutual Fund) 53