Category: Business

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 venture a Media, PR and Marketing agency. The joint venture will offer Print and Digital

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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 (3.44%) of Infosys, Narayana Murthy has been in the news for his continued differences with

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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 repayments, based on collection reports from Fitch-rated securitisation transactions. Small auto-loan borrowers have been affected

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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 Council will take up this matter when it meets on November 25. April 1, 2017

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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 the global conglomerate holding company by Ratan Tata. After a communication to Tata Sons that

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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 Tata empire in 2012. Mystry’s removal was announced after the Board of Tata Sons met

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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 State. The speakers lauded the initiative in the form of the series of investors’ summits

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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 for investment, given its central location and wide-ranging opportunities. He focussed attention on the double

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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 personalities. The fact that Dr. Patel has served as deputy governor in the past three

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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 of Commerce, Penny Pritzker, Cyrus Mistry of the Tata Group and David Cote of Honeywell,

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India, UK for deeper trade and investment arrangements

Newsroom24x7 Staff New Delhi: UK Secretary of State for International Trade Dr. Liam Fox today said that UK is interested in forging deeper trade and investment arrangements with India. Dr. Fox was speaking when he called on India’s Finance Minister Arun Jaitley in his office in North Block here today. Dr. Fox announced his participation

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Record handling of automobiles at Mumbai Port

Newsroom24x7 Staff Mumbai: Continuing its march to set ever higher records of handling cars, Mumbai Port has set a new record of shipment of 6316 cars on a single ship on its new berth OCT- 2. This is a quantum jump over the previous record of shipment of 5376 cars. The ship M. V. HOEGH

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Masala Bonds to Facilitate Indian Funding Diversification

Newsroom24x7 Desk Singapore/Mumbai: The recent issuance of the first offshore masala bonds by Indian companies could pave the way for a broader opening and development of the market, says Fitch Ratings. This will be positive for the better-quality issuers that are able to take advantage of offshore capital markets to diversify their funding sources without

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South China Sea: APAC Geopolitical Risks Rise But Not a Ratings Driver Yet

Newsroom24x7 Desk Singapore/Hong Kong: Maritime disputes in the South China Sea underscore the growing importance of geopolitics in shaping the international policy agenda of countries in the Asia Pacific. Fitch Ratings believes shifts in the regional and global balance of power mean geopolitical risks will remain prevalent in the long term. These risks have the potential

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