MUMBAI: The Securities and Exchange Board of India (Sebi) is of the view that information given to Ratan Tata about Tata group companies was in line with rules on insider trading, according to the minutes of a January 14 meeting held by the regulator's board. This follows allegations made by ousted Tata Sons chairman Cyrus Mistry.

"When a person is appointed as chairman emeritus by the board of a company, the board may discuss the corporate performance, information pertaining to mergers, acquisitions, divestments and other sensitive information with a view to benefit from the experience of that person," according to the minutes, which have been reviewed by ET.

NEW DELHI: SpiceJet's branding and ancillary revenues is set to get an oomph push as it is in talks with Bollywood actress Sunny Leone to sell her brand of products, perfume and deo on flight, a senior executive with the budget airline said.

"We have had a couple of meetings on the issue. She is very keen to sell her perfume and deo range, Lust, n board our airline. She is also keen to collaborate with SpiceJet for a line of products from clothing to lingerie and travel-centric products in partnership with SpiceJet Merchandise Pvt Ltd," said an executive in the know, who did not want to be identified.

Network provider, Idea Cellular has said that it has partnered with the e-commerce platform Flipkart to bring special offers for consumers. This move by Idea is in continuation with the tariff wars, ever since Reliance Jio has disrupted the Indian telecom market with its free data and free calling offers. In the new offer by Idea, it will offer 15GB data at the at the price rate of 1GB for its customers.

MUMBAI: Tata Motors is shrinking structure of its white-collar workforce to five layers from the existing 14, in what is seen as the biggest organisational restructuring in the company’s history.

Some job losses were envisaged as part of changes, but a decision has yet to be taken, people in the know said. The new structure will take effect on April 1and is aimed at cutting down time the nation’s largest automobile company by revenue takes to react to market dynamics.

The 45th President of the US swore into office on January 20, vowing to 'Buy American and Hire American', a diktak that may weigh on the domestic markets on Monday.

In a bid to bring prosperity and jobs back to the country, President Donald Trump has not moved away from the conservative slogans of Candidate Trump, something that a lot of experts were rooting for.

Demonetization of high value currency notes would leave quite a negative impact on small and medium enterprises, rural consumption and job creation in the immediate run while the large and well organised sectors of the corporate India stand to benefit in the long term horizon, the latest Assocham Bizcon Survey pointed out.

The contrast in perception brought out by the survey is quite stark. While 81.5% of the respondents felt the SMEs have been hit and would still suffer the lingering effect for one more quarter, an equal number said for large enterprises, the unprecedented measure of note ban the impact would be positive.

At least 39 people were killed and about 60 injured as the engine and nine coaches of Jagdalpur-Bhubaneswar Hirakhand Express jumped the tracks in Andhra Pradesh’s Vizianagaram district.

The railways suspect sabotage as the reason for the derailment, the third in as many months. The area is known to have Naxalite activity. But the Odisha Police ruled out the involvement of the rebels.

Two persons were killed and scores injured during Jallikattu, bull fighting events, held on Sunday in the shadow of widespread protests as an ordinance failed to end the six-day agitation with Chief Minister O Panneerselvam forced to make a retreat without inaugurating the main event at Alanganallur, following demand for a permanent resolution.

A protester, 48-year-old Chandramohan from Jaihindpuram, also died due to dehydration in Madurai city when he was taking part in a demonstration, along with students and youths.

Bajaj Auto that markets and manufactures the premium bike brand KTM, is making a second attempt to enter Indonesia, this time pillion-riding on the number one European bike brand.

Bajaj owns 49 per cent stake in the Vienna Stock Exchange-listed KTM since 2013. The Pune-based company had started investing in the Austrian bikemaker since 2007 when it was struggling with cash flow issues and since then has been manufacturing the KTM bikes at its Chakan, Pune plant and also meeting all its export demand except for the European markets.

India's software sector body, Nasscom, will try to persuade entities such as Google, Facebook and IBM to lobby with the Donald Trump administration to look at a more liberal visa regime.

They will argue that outsourcing to India helps American companies to be competitive and generate more jobs. India has a little over 1,000 global firms, a majority of these are US companies. These companies began building applications, products and services out of India, initially to cut costs. But, now increasingly for value by using local talents, even as they struggle to find engineers back home.

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