Newsroom24x7 Staff Bengaluru: The former Executive Director Madhya Pradesh State Tourism Development Corporation G S Chahal, has had such a harrowing experience with MakeMyTrip, an online travel e-commerce company, that he has been forced to resolve that he would never… Read More ›
Business
Fitch downgrades Reliance Communications Limited’s Default Ratings
Newsroom24x7 Network Singapore/Hong Kong: Fitch Ratings has downgraded India-based Reliance Communications Limited’s (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘CCC’ from ‘B+’. Fitch has also downgraded the rating on Rcom’s USD300 million 6.5% senior secured notes due… Read More ›
India-Chile all set to expand two-way trade
Newsroom24x7 Staff New Delhi: India and Chile will be crossing an important milestone in terms of bilateral trade by implementing from 16 May onwards the agreement for expansion of India-Chile Preferential Trade Agreement (PTA) signed on 6 September 2016. The… Read More ›
India’s sovereign ratings balance: Fitch points to weak fiscal position and difficult business environment
Newsroom24x7 Network India’s Long-Term Foreign- and Local-Currency Issuer Default Ratings is affirmed at ‘BBB-‘. The Outlooks are Stable. The Country Ceiling is also affirmed at ‘BBB-‘ and the Short-Term Foreign- and Local-Currency IDRs are affirmed at ‘F3’. –Fitch Ratings Hong… Read More ›
Newsroom24x7 and JQ American Corporation joining hands
Newsroom24x7 Staff Bhopal: Nobles Knowledge Alliance, the Media group that runs the popular news portal – newsroom24x7.com – with headquarters in Bhopal, India, and JQ American Corporation, headquartered in Union City BLVD, California, USA, are joining hands to promote as joint… Read More ›
How the Infosys founders and old timers amassed huge wealth
Newsroom24x7 Network Bengaluru: N R Narayana Murthy is bitter and annoyed as he has gone on record questioning the quality of governance in the Indian IT giant Infosys, the company he founded in the ’80s. The founder and the single largest shareholder… Read More ›
Indian small auto borrowers face more short-term pressure
Newsroom24x7 Desk Demonetisation has disrupted economic activity – particularly in the informal sector – and is likely to have hit borrowers’ incomes. — Fitch Ratings Hong Kong/Singapore: Demonetisation appears to have had a negative impact on Indian auto-loan… Read More ›
GST: Lack of consensus between Centre and States on who will control what
Newsroom24x7 Staff New Delhi: Logjam on the vital question who will control which set of assessees under GST persists as the Centre and states failed to reach any understanding on this matter at a crucial meeting here today. The GST… Read More ›
Ouster of Cyrus Mystry: Statement by Tata Sons against “malicious allegations”
Newsroom24x7 Staff Mumbai: Following the humiliating exit of Cyrus Mystry as Chairman of Tata Sons, there has been so much of mudslinging and speculation over the causes leading to the abrupt removal of Mystry and the taking over of the reins of… Read More ›
Cyrus Mystry removed as Tata Sons Chairman, Ratan Tata takes over
Newsroom24x7 Staff Mumbai: What has taken the corporate world by storm is the sudden manner in which Cyrus Mistry was today sacked as Chairman of Tata Sons and replaced by Ratan N. Tata. Mystry took over the reins of the… Read More ›
Global Investors Summit 2016: Industrialists all praise for Chief Minister Shivraj Singh Chouhan
Newsroom24x7 Staff Indore: Captains of industry, both from India and abroad, attending the inaugural session of Global Investors Summit 2016 here today appreciated Madhya Pradesh Chief Minister Shivraj Singh Chouhan’s efforts to systematically promote the growth of industry in the… Read More ›
Madhya Pradesh is an ideal destination for investment: Shivraj Singh Chouhan
Newsroom24x7 Staff Hyderabad: Chief Minister Shivraj Singh Chouhan today addressed industrialists here and in Bengaluru and urged them to come and invest in the central Indian State of Madhya Pradesh. Chouhan told the industrialists that Madhya Pradesh is an ideal destination… Read More ›
Low inflation will improve investment climate
Thoughts on several sovereign-related developments in India. Straight talk by Thomas Rookmaaker, Director, Asia-Pacific Sovereigns Group, Fitch Rating Dr. Urjit Patel taking over as the next governor of central bank. As a rating agency, we look at actual policies rather than… Read More ›
Industrial development is on the fast track in Madhya Pradesh: Shivraj Singh Chouhan
New York: Coinciding with the second India-US Strategic and Commercial Dialogue (S&CD) in New Delhi which was joined by India’s Minister for External Affairs Sushma Swaraj, Minister for Commerce and Industry Nirmala Stharaman, US Secretary of State John Kerry, Secretary… Read More ›
