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NIPUN SINGHAL
Centre starts work to restore power of PSBs to issue look-out circularsThe government and banks sought advice from attorney general R Venkataramani to regain public sector banks' power to issue look-out circula...- Public sector banks may get legal teeth on issuing lookout circularsThis follows a decision by the Bombay High Court earlier this week that said public sector banks (PSBs) don’t have the power to recommend, ...
- Guarantors' plan for Pradip Overseas gets NCLT nodThe ruling is expected to set a precedent for promoters of bankrupt companies who are facing proceedings under the Insolvency and Bankruptc...
- Banks can't use LOC as measure to recover money: Delhi HCThe Delhi High Court has ruled that banks cannot issue Look Out Circulars (LOCs) as a means to recover money. The court stated that LOCs ca...
- Last-minute night curfew dampens New Year buzz for party-goers, hospitality industryWhile those in the hospitality industry scurried to understand the fine print of the Delhi government's decision and what it would mean for...
- Import duty hike to drive local handset makingOn Saturday, the government proposed increasing the import duty on PCBAs to 20% from 10% and chargers to 20% from 15%, to encourage local m...
- Customs duty hike to make imported mobile phones, chargers slightly expensiveThe government has also announced that it will come up with a new scheme to encourage domestic manufacturing of mobile phones, electronic e...
- As unicorns like Flipkart, Quikr and Zomato turn 10, what next for the startup-verse?In 2017, the prodigal, wayward startups may still be able to find their way back home. But it may not be as easy in the years ahead.
- Havells likely to buy Lloyd Electric's consumer business for Rs 1500 crore, to get toehold in room AC segmentIn a market crammed with about two dozen brands, Lloyd is third largest player in the room AC segment after Voltas and LG.
- Lloyd Electric names Amitabh Bachchan as brand ambassadorThe company said its key focus for 2017 would be energy efficiency and Wifi-enabled ACs which would enable customers to operate them with t...
- Car, consumer durable makers rejoice on RBI's 'festive gift'"Industry was looking forward for this for a long time. It is a welcome step for the entire auto industry," Maruti Suzuki India Chairman RC...
- Ready-to-cook food startup Chefs Basket raises Rs 40 crore to expand offerings, reachChefs Basket has raised $6 million (about Rs 40 crore) in Series A funding from SAIF partners and India Value Fund Advisor’s partner Haresh...
- AC makers like Videocon and Voltas focus on institutional sales due to slowing retail growthAir-conditioner makers such as Videocon and Voltas, hit by untimely rains this summer, are betting big on the business-to-business segment.
- Lloyd Electric targeting 11% of India’s AC market this summerLloyd Electric is planning to capture an 11% share of India’s air-conditioner market by selling around four lakh units this summer.
- Lloyd ropes in Shruti Haasan as brand ambassadorPrior to this, the company had signed on Karan Johar and Akshay Kumar to endorse products such as air-conditioners, LED TVs, washing machin...
- Lloyd Electric aims at 11% share in AC mkt; to sell 4 lakh unitsThe firm is also looking at higher ad spend of up to Rs 55 crore in the current financial year to push sales.
- LG, Lloyd, MTS, Morphy Richards, Bajaj Electricals and other companies betting on festive cheer to beat slowdown bluesAuto, telecom and consumer durables companies have raised their advertising and marketing budgets by up to 50% to convince cost-conscious b...
- Have Rs 5 lakh, will become PE investorSmall retail investors, with even Rs 5 lakh to spare, can join a PE group and enjoy the benefits of being a limited partner.
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