Plan and Policy

Plan & Policy

Indian companies sixth in GDPR preparedness

India is among the top 10 countries whose companies have demonstrated high level of preparedness towards European Union’s General Data Protection Regulation (GDPR), a law that protects privacy of citizens' data.

M&A, PE deals cross $100b mark in 2018

Merger and acquisition transactions and private equity deals surpassed previous records by crossing the $100 billion mark in 2018. M&A transactions aggregated to $90 billion and PE reporting deals to $20 billion.

NDA may fall 39 seats short of majority in polls: Survey

Prime Minister Narendra Modi’s ruling coalition National Democratic Alliance will emerge as the largest group in a parliamentary election expected in the next few months but will fall short of a majority required to rule, a new nationwide survey showed on Thursday.

The ruling Bharatiya Janata Party-led alliance is forecast to win 233 parliament seats of the 543 at stake, the poll by ABP News-CVoter said, short of the half-way mark of 272.

Irdai to pick systemically important insurers

As part of the efforts to mitigate systemic risks, insurance regulator Irdai has started the process of identifying large insurers that are systemically important. Enhanced regulatory framework will be put in place for such systemically important insurers. In the backdrop of the failure of IL&FS, this step is viewed by the industry as critical for mitigation of risks.

Sunil Mittal says telecom can recover by 2020

Bharti Airtel chairman Sunil Bharti Mittal (in pic) said India’s ailing telecom industry may recover next year as competitors spend this year readjusting after a vicious price war and consolidation that pushed the country’s former No. 1 carrier into the second place.

The billionaire, in a media interview at the World Economic Forum in Davos on Wednesday, described conditions in India’s hyper-competitive telecom market as “dreadful,” while also predicting a possible turning point this year.

“This will be the year of perhaps hemorrhaging stopping,” he said.

CBI files FIR against Kochhars, Dhoot over Videocon loan issue

The Central Bureau of Investigation (CBI) has booked Chanda Kochhar, former chief of ICICI Bank, and her husband Deepak Kochhar for alleged cheating and corruption in sanctioning loans to companies of Venugopal Dhoot, managing director of Videocon Group that have caused a loss of Rs 1,730 crore to the bank.

Moody's upgrades IDBI Bank ratings

International rating agency Moody's Investors Service on Wednesday upgraded the IDBI Bank long term rating by three notches on improved solvency of the bank following a significant capital infusion from its new promoter Life Insurance Corporation of India (LIC). The agency also said that the outlook for the Bank has been changed to ‘positive’ from ‘ratings under review’ assigned earlier.

National rubber policy soon

With various issues concerning the rubber sector, the government is developing a national rubber policy soon. The policy to be implemented by the commerce and industry ministry will address issues that will boost productivity in the sector.

Infosys partners HPE GreenLake

Tech major Infosys has entered into a partnership with HPE GreenLake, a new consumption-based IT model that marks a paradigm shift in  to accelerate client's digital transformation.

Retail sector investments double to Rs 1,300 crore in 2018

Investments in the retail sector doubled in 2018 to Rs 1300 crore as the sector received Rs 5500 crore investments in the past four years. Entry and expansion of global players and developmental activities in tier II and III cities will see organized retail growing to $209 billion by 2020, finds Anarock Retail.