Amazon-Future battle: More skeletons tumble out of closet

Future Retail’s (FRL’s) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors […]

Amazon-Future battle: More skeletons tumble out of closet

Future Retail’s (FRL’s) independent directors have written a second letter to the Competition Commission of India (CCI), stating American e-commerce major Amazon never intended to invest in Future Coupons (FCPL) and the representations made by the US e-commerce player were completely opposite and contradictory to their own internal correspondences as submitted before courts. The directors […]

How taxmen will help you file I-T return correctly

The fresh info to be uploaded in form 26AS includes remittances received from overseas, interest on income tax refund, dividend from mutual funds, purchase of MFs, among others. Now, more pieces of information about your transactions and income, such as remittances received from overseas, will be uploaded in Form 26AS by the income-tax (I-T) department. […]

When Will Modi Privatise Public Sector Banks?

Unlike any other national asset, which is typically sold to the highest bidder, the profile of the bidder is the most important criterion for a licence to bank, and even for acquiring more than 5 per cent stake, explains Tamal Bandyopadhyay. India needs more banks to match the scale of the nation’s largest lender, the […]

Who will win the Super App race in India?

A super app is the golden key to the customer for any company selling products or services at the retail level. Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed […]

Street finds comfort in hospitality stocks on hopes of recovery

Several hotel stocks have done well on the market in the recent past — by and large they have beaten the benchmark index. The hospitality sector has been hit very hard by the pandemic. In the past 18 months, it has lost business, first because of the harsh lockdowns and after that because of lack […]

I-T Portal: Infosys Deserved Better

The tax portal problem is a goof-up by both sides, and making Infosys the only villain in the story is quite unfair, argues Shyamal Majumdar. The Infosys Website has a lot to say about the company’s close association with government projects. Sample this: The software major is ‘proud to be involved in the nation-building journey’ […]

Shareholders vote down Birla nominees to board of directors

Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family’s wishes. The Birla camp failed to nominate directors on the board of three MP Birla group companies — Vindhya Telelinks, Universal Cables and Birla Cable — as a majority of the shareholders voted against the resolutions in the annual general meetings held on Thursday. […]

Explained: Why shareholders are angry at promoter-directors’ remuneration

Large institutional shareholders — and public shareholders — are not taking kindly to promoter-directors upping their remuneration takeaways at a time when the prospects of business recovery are clouded by the anticipated third wave of the Covid-19 pandemic, says Sudipto Dey. Earlier this month, Sobha Kapoor and Ekta Kapoor, part of the promoter group of […]

Chip shortage may spoil the party for carmakers this festive season

Once the festive season is in full cry, the wait for new cars may be extended to six to nine months, and even spill over to the next calendar year. For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may […]