BS Reporter
BS Reporter
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Tatas plan to sue Sivasankaran
For recovery of Rs 694 cr from C Sivasankaran, who invested in Tata Teleservices in 2005 but defaulted on his payment to Tata Sons
 "Tatas plan to sue Sivasankaran")
Tata Sons removes Mistry from TCS; Ishaat Hussain interim chairman TCS
A source close to Mistry, however, challenged Hussain's appointment, saying the TCS board needs to approve it
 "Tata Sons removes Mistry from TCS; Ishaat Hussain interim chairman TCS")
IHCL to decide future action in sexual harassment case based on committee's findings
A Taj employee had written to Cyrus Mistry about the alleged sexual harassment by CEO Rakesh Sarna
 "IHCL to decide future action in sexual harassment case based on committee's findings")
SC upholds entry tax on goods; states may gain Rs 35,000 crore
The court declared that tax did not restrict freedom of trade or other constitutional provisions on inter-state trade
 "SC upholds entry tax on goods; states may gain Rs 35,000 crore")
Dr Reddy's launches osteoporosis drug in US market
It launched Raloxifene hydrochloride tablets in 60 mg
 "Dr Reddy's launches osteoporosis drug in US market")
HGS Q2 profits up 18.5% to Rs 37.41 cr
Its revenue grew 15% at Rs 905 crore
 "HGS Q2 profits up 18.5% to Rs 37.41 cr")
Five-fold increase in Blue Star's Q2 net at Rs 19 cr
Total consolidated income from operations of the company, however, has only marginally jumped to Rs 897.82 cr
 "Five-fold increase in Blue Star's Q2 net at Rs 19 cr")
Assets of high net worth individuals in India to touch $2.3 trillion in 4 years
The report defines HNWI as people with a net investable wealth of $1 mn or more, excluding the property that is their main residence
 "Assets of high net worth individuals in India to touch $2.3 trillion in 4 years")
Infosys Foundation gives Rs 6.5 crore to astrophysics centre
The fund is allocated primarily for building an instrument called Wide Area Linear Optical Polarimeter
 "Infosys Foundation gives Rs 6.5 crore to astrophysics centre")
Shoppers Stop shuts two stores in Maharashtra
Lower than expected business and low profitability are the reasons
HSBC undertakes first e-Presentation of export documents for RIL
Instead of exchanging documents under a Letter of Credit through physical movement the partners would e-present documents through a digital platform built by London-based Bolero
 "HSBC undertakes first e-Presentation of export documents for RIL")
Essel Group buys Peerless MF
Peerless MF has assets under management of Rs 971 cr, and equity AUM of Rs 170 cr
 "Essel Group buys Peerless MF")
Demonetisation: Cash payments for insurance premium to get no additional breather
Those without adequate cash in lower denominations like Rs 50 and Rs 100 may have their policy lapsed if the 15-day grace period also passes
 "Demonetisation: Cash payments for insurance premium to get no additional breather")
Motherson Sumi's Q2 net up 25%
The leading auto component maker has also trimmed its debt by 50% to Rs 2,175 cr since March 31, 2016
 "Motherson Sumi's Q2 net up 25%")
Automobile industry clocks 8% growth in October
Apart from festive demand, the growth momentum is also backed by positive customers sentiments and better cash flows
 "Automobile industry clocks 8% growth in October")
In Zaveri Bazar and Chandni chowk, you can exchange Rs 1,000 for Rs 600
The businessman would deposit money with the banker and then take back 80% of the money after some time with the balance 20% remaining with the banker as a facilitation fee.
 "In Zaveri Bazar and Chandni chowk, you can exchange Rs 1,000 for Rs 600")
No fireworks in gold today, it's a buy on dips for now
Gold steady as markets take a breather after Trump shock
 "No fireworks in gold today, it's a buy on dips for now")
JK Tyre's net declines 10%
Net profit declines to Rs 101.4 crore
 "JK Tyre's net declines 10%")