12 Indian firms among Forbes Asia’s Fabulous 50
A dozen Indian firms figure in this year’s Forbes Asia’s Fabulous 50 list of the region’s best big publicly traded companies. China boasts the most companies on the list, as it has for the last three years. But the number fell to 16, down from 20 last year and 23 the year before, according to... read more »
Minimum pension of Rs. 1,000 under EPFO; wage ceiling up at Rs. 15,000
The much-awaited minimum monthly pension of Rs. 1,000 and a higher wage ceiling of Rs. 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1. The government’s decision to fix pension entitlement of Rs. 1,000 under the Employees’ Pension... read more »
Gold gains 230 on global cues, seasonal demand
Snapping its nine-day losing streak, gold prices recovered by Rs. 230 to Rs. 28,260 per 10 grams in the national capital on Tuesday on a firming trend overseas and emergence of buying by jewellers and retailers at existing levels. Silver also rose by Rs. 400 to Rs. 43,000 per kg on increased... read more »
M&M, Tata Motors to challenge CCI order
Tata Motors and Mahindra & Mahindra on Tuesday said they would challenge the Competition Commission of India (CCI) penalty on them for violation of trade norms in the spare parts and after services market. The CCI, in its 251-page order dated August 25, 2014, had imposed a total penalty of... read more »
