Business

The management shakeup comes as the world's largest planemaker struggles to win regulatory approvals for its grounded best-selling jetliner while trying to regain trust with passengers and airline customers.

In his rally speech in Nagpur, the Minister of Road Transport and Highways Nitin Gadkari said that cases around Rs 89,000 crore are pending and that a decision has to be taken quickly because of the cash crunch.

Tata Motors, Tata Motors DVR, Yes Bank and Vedanta will be dropped from the Sensex from December 23 and replaced by UltraTech Cement, Titan and Nestle India, which could lead to some price movements as fund managers adjust their portfolios.

Speaking at the 92nd Annual Convention of Ficci, IMF Chief Economist Gita Gopinath said that in the past few quarters, there has been a steep slowdown in private sector demand and there is now weakness in investment.

Sunil Bharti Mittal said the telecom industry needs to have a balance between the requirement of investments and consumers and Trai needs to work on this.

Digital Marketers emerged as the highest paid functional role for senior professionals, with an average annual CTC of Rs 35.65 lakh.

The following is the chronology of the developments that took place in the Tata-Mistry case before the National Company Law Appellate Tribunal (NCLAT) and Mumbai-bench of National Company Law Tribunal (NCLT).

During the pre-budget consultation with Union Finance Minister, some states made a case for fiscal expansion by boosting consumption to tide over the sluggishness in the economy.

Tata Steel was the top gainer in the Sensex pack rising up to 3.24 per cent, followed by Vedanta, Infosys, Yes Bank, TCS, Maruti and Axis Bank.

As part of the initiative, consultations have already begun with business houses such as Maruti Suzuki and Hindustan Unilever.

Sunil D'Souza led the company for the past four-and-a-half years, while Vishal Bhola, former Global Vice President, Water at Unilever, has over 20 years of experience in the consumer goods industry.

The RBI is also examining the need for greater scrutiny of the FDI coming through the automatic route where companies are only required to inform the regulator about the fund flow within a stipulated time.

Finance Minister Nirmala Sitharaman, however, did not rule out a hike in GST rates, saying her ministry is yet to apply its mind to it.

Onion is a seasonal crop with harvesting period of Rabi (March to June), Kharif (October to December) and late Kharif (January to March).

The reduction comes as the Reserve Bank in a surprise move left the key policy rates unchanged last Thursday at 5.15 per cent.

The development came after Bharti Airtel and Vodafone Idea removed cap on outgoing calls limit outside their network with effect from December 6, the day Jio rolled out mobile call and data plans priced up to 40 per cent compared to previous offerings.