Service suppliers really feel the ache as India Inc faces working capital squeeze

The nation’s largest firms are hitting the brakes on funds to be made to service suppliers akin to consulting and legislation companies amid a liquidity crunch, say senior executives in India Inc. Read extra

Changes in CCI norms proposed to carry purchaser cartels beneath competitors legislation

Buyers forming a cartel could also be penalised if the modifications proposed by the Ministry of Corporate Affairs (MCA) to the Competition Act are enacted. The ministry sought to offer financial and penal powers to the director common for investigation beneath the Competition Commission of India (CCI). Read extra

Govt approves merger of Indus Towers with Bharti Infratel: Report

The Department of Telecom (DoT) on Friday authorized the merger of the nation’s largest cellular tower firm Indus Towers with Bharti Infratel, based on official sources. Read extra

Now, Flipkart challenges India anti-trust probe after Amazon will get keep

E-commerce agency Flipkart has filed a writ petition within the Karnataka High Court difficult the Competition Commission of India’s (CCI’s) order on probing a few of its enterprise practices. The transfer comes only a week after Amazon secured an interim keep on the probe from the excessive court docket. Read extra

Going low cost: How ONGC compares to the world’s most richly valued oil companies

State-owned Oil and Natural Gas Corporation (ONGC) is now the most affordable oil and gasoline firm globally. Earlier this week, the corporate’s inventory value fell beneath Rs 100 for the primary time in 15 years. Currently, ONGC trades at 4.2 occasions its estimated one-year ahead earnings. Most international oil and gasoline majors command a price-to-earnings (P/E) ratio of greater than 15. Exxon Mobil and Saudi Arabian Oil Company (Saudi Aramco) have a P/E of 18.Three occasions and 17.Three occasions, respectively. While ONGC has all the time traded at a reduction to its international friends, it has widened to file ranges in latest months. Read extra

Reliance rejig of media enterprise makes Sony merger much less probably, say specialists

Reliance Industries’ transfer to consolidate its media and distribution companies beneath one entity Community18 Media & Investments will create a cleaner construction and make the merger of leisure channels with Sony much less probably, specialists mentioned.

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Australia retailers flying to India for on-line enterprise regardless of headwinds

Australian retail corporations are readying to enter the Indian market by means of the net route at a time when worldwide traders are dealing with issues owing to authorities’s altering coverage on e-commerce. Read extra

Big e-commerce meets small enterprise: A balancing act for Amazon, Flipkart

International retail chains have traditionally thought of micro, small and medium enterprises (MSMEs) a roadblock for his or her India investments. That backdrop can hardly be wished away at a time when marquee international e-commerce corporations are caught in a tumultuous relationship with small companies and the federal government is clearly backing the underdog Read extra

Ashok Leyland builds a platform to let patrons configure autos

Commercial car main Ashok Leyland has invested Rs 500 crore to construct a platform that permits prospects to configure autos based mostly on their monetary and enterprise wants. Read extra

Cement corporations rush to jap India to grab upon demand uptick

A sooner demand uptick – significantly within the residence builder and infrastructure segments – has made cement corporations line up intensive greenfield and brownfield initiatives in jap India. In the latest previous, demand remained muted in north, central and western India at 3-5 per cent and quantity progress declined by round 5 per cent in south India. Read extra

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