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Over 80% of poll spending by BJP, BSP, Cong candidates in Noida: Report

Over 80% of poll spending by BJP, BSP, Cong candidates in Noida: Report

Over 80 per cent of the poll spending by the candidates in Gautam Buddh Nagar constituency was by the nominees of the BJP, BSP and Congress with Union Minister Mahesh Sharma accounting for a third of the total Rs 1.24 crore, official data showed.

This, however, is the individual spending by the candidates till April 9, the last day of campaigning for the polls held on April 11 and does not include expenses charged to their parties.

Depite being humiliated, DMK has joined hands with Cong: PM Modi in Tamil Nadu

Depite being humiliated, DMK has joined hands with Cong: PM Modi in Tamil Nadu

Prime Minister Narendra Modi on Saturday sought to corner the Congress on its showpiece poll promise of Nyay, and sought to know who would do justice for the victims of 1984 anti-Sikh riots, violence against Dalits, and the Bhopal gas tragedy under its regime.

The Prime Minister addressing a poll rally, a day after the campaign by Congress president Rahul Gandhi in Theni, alleged the Congress and dishonesty were best friends but sometimes by mistake, they end up speaking the truth. Now they are saying Ab Hoga Nyay (justice will be done now) even if they did not intend, they have admitted that all they have done is Anyay or injustice for 60 long years, (during the Congress rule), he said.

Anil Ambani firm got €143.7 mn tax relief from France after Rafale announcement: Le Monde report

Anil Ambani firm got €143.7 mn tax relief from France after Rafale announcement: Le Monde report

In fresh revelations in the Rafale deal, French newspaper Le Monde reported that Anil Ambani’s French-registered telecom company was given tax waivers worth €143.7 million by local authorities, shortly after the announcement by Prime Minister Narendra Modi to buy 36 Rafale jets in fly away condition.

According to the newspaper, Mr. Ambani’s telecom company “Reliance Atlantic Flag France” was investigated by French tax authorities and found liable to pay €60 million between 2007 and 2010.

RBI to remain watchful on growth, financial stability: Shaktikanta Das

RBI to remain watchful on growth, financial stability: Shaktikanta Das

The Reserve Bank of India (RBI)will remain vigilant and strive to revive growth in Asia’s third-largest economy, as well as pushing to maintain macroeconomic, financial and price stability, its governor said in a speech on Friday.

India lost momentum in the final quarter of 2018, reducing its annual rate of economic growth to 6.6 percent, the slowest pace in five quarters and much less than expected.

SC orders status quo on funds payout in Essar Steel insolvency case

SC orders status quo on funds payout in Essar Steel insolvency case

ArcelorMittal’s entry into India’s steel market could be delayed further after the Supreme Court on Friday ordered the status quo on the distribution of funds among operational and financial creditors from the Luxembourg-based firm’s Rs 42,000-crore resolution plan for Essar Steel India. The apex court also asked the National Company Law Appellate Tribunal (NCLAT) to expedite hearing in the matter.

A two-judge Bench, led by Justice Rohinton F Nariman, was hearing a bunch of petitions moved by the committee of creditors (CoC) of debt-laden Essar Steel. The CoC challenged a direction of the NCLAT asking the resolution professional (RP) to call a fresh meeting of the committee to consider the redistribution of funds among the creditors.

Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

Infosys Q4 profit rises 10.5% to Rs 4,078 crore, meets Street estimates

Infosys on Friday posted a mixed set of numbers for the March quarter as well as the entire financial year 2018-19 (FY19) but gave a muted estimate on revenue growth for the current year, apart from slashing its operating margin forecast for the second consecutive year.

Despite clocking 9 per cent revenue growth in constant currency terms for FY19 against its guided range of 6.5-8.5 per cent for the period, the country’s second-largest information technology services company guided for only 7.5-9.5 per cent revenue growth in FY20.

TCS net profit up 17.7% to Rs 8,126 crore in Q4, crosses $20-bn revenue

TCS net profit up 17.7% to Rs 8,126 crore in Q4, crosses $20-bn revenue

Tata Consultancy Services (TCS) on Friday reported robust numbers both for the fourth quarter of 2018-19 and the full financial year, with the country’s largest IT services company crossing the $20-billion revenue mark for the first time. Growth in net profit as well as revenue exceeded Street expectations, though margin contracted a bit in the fourth quarter.

For the quarter ended March 31, TCS reported Rs 8,126 crore in net profit, a jump of 17.7 per cent over the corresponding quarter last year. Revenue, at Rs 38,010 crore, saw an increase of 18.5 per cent on a year-on-year (y-o-y) basis. When compared with the trailing quarter, net profit was almost flat, while revenue grew 1.8 per cent.

Naresh Goyal submits EoI as crisis-hit Jet Airways stares at closure

Naresh Goyal submits EoI as crisis-hit Jet Airways stares at closure

Jet Airways, started by Naresh Goyal more than 25 years ago, seems to be on the brink of closure as the lenders’ consortium, led by State Bank of India, has so far failed to infuse the committed interim fund of Rs 1,500 crore to revive the airline.

The crisis, resulting in the suspension of Jet’s international flights at least till Monday, grounding of around 90 per cent of its planes and a protest march by the employees of the airline, is learnt to have prompted the Prime Minister’s Office (PMO) to call a meeting with officials in the civil aviation ministry Friday evening.

Congress to release an exclusive 'manifesto' for prized state of UP

Congress to release an exclusive 'manifesto' for prized state of UP

Congress, which is betting big on the prized state of Uttar Pradesh for its revival and turnaround in electoral fortunes, is preparing a manifesto exclusively for the state.

The 'mini-manifesto' would address various burning socio-economic issues in UP, which accounts for 80 Lok Sabha seats and is key to the formation of any government at the Centre.

Poll of polls: BJP-led alliance to win with slim majority in LS elections

Poll of polls: BJP-led alliance to win with slim majority in LS elections

Indian Prime Minister Narendra Modi's ruling alliance will win a thin majority in a general election that starts on Thursday, an average of four opinion polls showed, with a focus on national security appearing to trump concerns over jobs and farm prices.

The coalition led by Modi's Hindu nationalist Bharatiya Janata Party (BJP) is expected to win 273 of the 543 parliament seats at stake, one more than the halfway mark required to rule.

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