Triple plot on Kerala's bipolar pitch; battle b/w LDF, UDF & BJP with Sabarimala in background

' In 2014, the UDF won 12 seats in Kerala, against LDF’s 8, while the BJP drew a blank, though its vote share went up to 10.Or, will it prove to be self-goal, handing the advantage back to the UDF, besides gifting an opening for the BJP?

Stop & Shop Strike Ends With Union Claiming Victory on Pay and Health Care

Details of the proposed three-year agreement will not be made public until the 31,000 union members across five locals ratify the contract.The union said in a statement: “The agreement preserves health care and retirement benefits, provides wage increases, and maintains time-and-a-half pay on Sunday for current members.

Gold-dusted pedas & laddoos that cost the moon

NEW DELHI: A box of mithai for Rs 21,000/kg or even Rs 30,000/kg.Their ‘swarnmistha’ is made from Italian pistachio and edible gold varq and is priced at Rs 21,000/kg.

L&T's heavy engineering arm bags 'significant' contracts

The company said orders from international clients are mainly from the US, Europe, Middle East and South East Asia.30 AM ISTBCCLShares of L&T were trading 0.

Ford, Mahindra & Mahindra ink pact to develop SUV

As part of the agreement, Mahindra will develop the SUV and also manufacture and supply it to Ford for a period of 10 years.Since the SUV will be based on Mahindra’s existing platform and powertrain, it will bring down the cost of development and manufacturing for both carmakers.

GVK inks pact to sell 49% stake in airports business to ADIA & NIIF

HYDERABAD: Infrastructure conglomerate GVK Power & Infrastructure said it signed an agreement to sell a 49% stake in its airports business to the Abu Dhabi Investment Authority (ADIA) and the National Investment & Infrastructure Fund (NIIF).The investments will help the cash-strapped group to stave off overtures from Gautam Adani keen to buy the flagship Mumbai airport.

SFIO finds Deloitte due diligence below par in IL&FS financial services audit

MUMBAI: The Serious Fraud Investigation Office (SFIO) has found that Deloitte Haskins & Sells did not exercise adequate due diligence while auditing the books of IL&FS Financial Services (IFIN), a subsidiary of Infrastructure Leasing & Financial Services, persons aware of the development told ET.The firm did not audit IL&FS books with due care and professional skepticism.

Amid Ad-Industry M&A, Omnicom Says It Isn’t Looking for Big Deals

The ad giant will continue to focus on bolt-on acquisitions and data partnerships, the company said Tuesday during its first-quarter earnings call with analysts.“If I or the team felt threatened in any way, we’d look for the appropriate acquisitions to complete our offerings to our clients,” Omnicom Chief Executive John Wren said.

Uday Kotak: Bonus clawback plan for IL&FS executives

The government had put in place a new board, led by Kotak Mahindra Bank vice-chairman and CEO Uday Kotak to run the affairs, citing mismanagement.The move at IL&FS is part of a drive that will focus on the role of key management personnel, such as former IL&FS chairman Ravi Parthasarthy, former vice-chairman Hari Shankaran and I-Fin chief Ramesh Bawa, sources told TOI.

Mutual Funds & E.T.F.s: Special Section, First Quarter 2019

The central bank has embraced an easy monetary policy, but it has left the markets wondering if the economy is in trouble.By CONRAD DE AENLLE


CreditNam Y.

Johnson & Johnson: J&J agrees to pay only Rs 25 lakh compensation for faulty hip implants

In March this year, a committee under Dr Arun Kumar Agarwal submitted its report to the health ministry with its final recommendation.47 PM ISTBCCLJ&J statement to the Delhi HC comes a month after the drug controller directed the company to pay up two patients in Maharashtra Rs 65 lakh and Rs 74 lakhOn Monday US device maker Johnson and Johnson (J&J) agreed to pay a compensation of Rs 25 lakh to patients who received the faulty hip implants.

Three launches help M&M retain third spot in passenger vehicle sales

MUMBAI: Mahindra & Mahindra retained its third spot behind industry leader Maruti Suzuki and Hyundai Motor in passenger vehicle sales last year, staving off stiff competition from Tata Motors, as the two Indian carmakers fight for podium finish in the highly competitive domestic car market.“The impact of this can be seen in Q4 FY-19, where our UV (utility vehicles) volumes grew 5.

Ex-IL&FS execuctive Hari Sankaran sent to judicial custody

06 AM ISTBCCLOn Monday, the SFIO, had arrested Sankaran under section 447 of the Companies Act for allegedly fraudulently funding defaulting borrowers.MUMBAI: A metropolitan court in Mumbai remanded Hari Sankaran, the former vice chairman of Infrastructure Leasing & Financial Services (IL&FS), in judicial custody on Thursday for 14 days after the Serious Fraud Investigation Office (SFIO) did not press for his custody.

The Wall Street Journal & Breaking News, Business, Financial and Economic News, World News and Video

What’s NewsCarlos Ghosn to Stay Behind Bars for at Least 10 DaysCarlos Ghosn will be held in jail until at least April 14 without possibility of bail, a Tokyo court said.The former Nissan chairman was arrested on fresh suspicions of financial misconduct less than a month after he was released on bail.

We’ll watch & learn from Maruti Suzuki: Groupe PSA’s Tavares

Carlos Tavares' most ambitious foray is reserved for India where the company announced its re-entry with group brand — Citroen.For us, Ambassador is an asset.

Metro Cash & Carry to give urban street hawkers a formal push

BENGALURU: The government has roped in top wholesaler Metro Cash & Carry to help create a plan to bring unorganised urban street hawkers under the formal sector, the German company has said.“A lot of India’s pushcart vendors do not operate with a valid business licence.

L&T arm bags order from ONGC

30 AM ISTAgenciesShares of Larsen & Toubro were trading 0.35 per cent higher at Rs 1,356 apiece on BSE.

SFIO arrests ex-chairman of IL&FS Hari Sankaran on grounds of abusing his power

MUMBAI: The Serious Fraud Investigation Office made its first big arrest in the Infrastructure Leasing & Financial Services (IL&FS) case by taking former vice chairman Hari Sankaran into custody.He has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd (IFIN),” SFIO said in a press release on Monday.

Axis Bank is getting a makeover under its new CEO Amitabh Chaudhry & investors are happy

Amitabh Chaudhry, as the chief executive of Axis Bank, is yet to deliver his first quarterly earnings.”

While Axis Bank grew in size and stature with it becoming a takeover target, the economic slowdown and its infrastructure exposure hurt it severely.

Former IL&FS vice chairman Hari Sankaran pushed for Rs 175-crore loan to Siva firm: SFIO

The Rs 175-crore loan given by IL&FS Financial Service Ltd.(IFIN), a subsidiary of IL&FS, to an entity of the Siva group was cited as one of the instances of alleged conflict of interest committed by Sankaran.