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Sanjiv Bajaj, Managing Director, Bajaj Finserv, has been named the EY Entrepreneur of the Year 2017, according to an EY press release. EY also named nine other Category Winners for the Entrepreneur of the Year programme. The Awards were presented on Thursday at a Gala Award ceremony in Mumbai, in the presence of over 400 business leaders and special invitees. Sanjiv Bajaj will now represent India at the EY World Entrepreneur of the Year Award (WEOY) in Monte Carlo from 13-17 June, 2018.
Mumbai: Business consultancy firm EY on Thursday said that it has named Bajaj Finserv’s Sanjiv Bajaj as the entrepreneur for 2017, the company said in a statement on Thursday.
3:30 pm Market at Close: Led by a sharp selloff in financials, midcaps and smallcaps, equity market on Friday plunged to fresh lows, marking it the fifth-most steep fall in the past ten years. (42-0)
The market did not take Budget 2018 in the right stride with the introduction of long-term capital gains tax on sale of listed securities on gains of over Rs 1 lakh. The Finance Minister introduced a long-term capital gains tax of 10 percent if the gains exceed Rs 100,000 without allowing the benefit of indexation. (34-0)
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Around 40 companies, including Ashok Leyland, Akzo Nobel, Bajaj Finserv, Bajaj Finance, CEAT, CCL Products, Cummins India, Cera Sanitaryware, Essel Propack, Foseco, Khadim India, Matrimony, Magma Fincorp, MRF, OnMobile, Oriental Carbon, Oriental Paper, Orient Paper, PowerGrid Corporation, Pricol, PNB Gilts, Redington India, Royal Orchid, Titan Company, Ucal Fuel Systems and Zee Media Corporation will declare their third quarter numbers on Thursday. (12-0)
3:30 Market at Close: After trading through the session on a weak note, the market staged a mild recovery in the final hour, as indices trimmed some of their losses. (24-0)
1:45 pm Buzzing Stock: Shares of Foods and Inns gained 20 percent intraday Wednesday as company to consider stock split at board meeting. (20-0)
11:05 am Market Check: Selling pressure is back on the market, with the Sensex falling over 100 points, while the Nifty is testing 11,000. (20-0)
9:35 am Buzzing Stock: Shares of Indian Oil Corporation (IOC) gained 3 percent intraday on Wednesday as investors cheered the company’s stellar financial results for the December quarter. (14-0)
More than half of the professionals responded to a survey expect a 500 basis points cut in corporate tax to 25% in the Budget which will be presented on Thursday, reports PTI. According to a survey by Deloitte covering 120 professionals across the sectors, close to 50% feel that tax reforms, particularly tax litigation, should be the most critical priority now for government. This is followed by reforms in the real estate sector. (107-0)
More than half of the professionals responded to a survey expect a 500 basis points cut in corporate tax to 25% in the Budget which will be presented on Thursday, reports PTI. According to a survey by Deloitte covering 120 professionals across the sectors, close to 50% feel that tax reforms, particularly tax litigation, should be the most critical priority now for government. This is followed by reforms in the real estate sector. (117-0)
The premier B-schools Indian Institutes of Management Bangalore and Calcutta have improved their global rankings this year, but IIM-Ahmadabad and the Indian School of Business, Hyderabad have slipped, according to the Financial Times London's Global MBA Ranking 2018. The Stanford Graduate School of Business tops the ranking followed by the French school Insead. The ISB, which was ranked 27th in 2017 slipped one notch to 28 in the current year rankings while IIM-A, which was at 29th position last year, is at 31, the Financial Times London said in a statement today. (117-0)
Voting picked up by noon in Ajmer and Alwar Lok Sabha constituencies and Mandalgarh Assembly seat in Rajasthan with over 37% of voters exercising their franchise in the by-elections that are underway, reports PTI. Alwar Lok Sabha recorded 37.16% voting, Ajmer Lok Sabha recorded 36.54% voting while the voter turnout in Mandalgarh Assembly constituency was 45.08%, according to the office of the chief electoral officer. (120-0)
India should be concerned about the inroads China is making in its neighbourhood and must work more closely with countries like the US, Japan and Vietnam to counter Beijing’s rise and unilateral assertion, former foreign secretary Shyam Saran told PTI. The challenge for diplomacy today is how to construct a foreign policy that respects political boundaries but also transcends them, and brings about the commonality which is fundamental to the rational, cohesive security perspective that India should have, he said. (120-0)