Free Press Journal
  • Companies can have only two layers of subsidiaries: Finmin

    New Delhi : Corporates can have only two layers of subsidiaries under the companies law, with the government putting in place stricter norms as it continues with the clampdown on illicit fund flows. While the rules would be applicable prospectively, companies that already have more than two layers of subsidiaries have to furnish details about them to the government. Banking and non-banking financial companies as well as insurance firms and government companies

  • Benazir’s daughters ask killer Musharraf to come, talk in courts

    Islamabad : Slain Pakistan prime minister Benazir Bhutto’s daughters  on Friday hit out at Pervez Musharraf for accusing their father Asif Ali Zardari of being responsible for her assassination, calling the former dictator a “murderer” and “coward”.

  • Slashing lending rate key to economic recovery, says report

    New Dehi : Lending rate cuts are the only viable way to economic recovery as they would perk up demand and push investments, a report has said. The report said that structural reforms take long time of 5-10 years to reflect in growth rate or reviving the stranded projects. In a research note, BofAML said, “Lending rate cuts hold the key to recovery. They would push up demand, put idle factories to

  • ‘Air India divestment moving quite well’

    To revive the loss-making Air India, the government has decided on strategic disinvestment of national carrier and its five subsidiaries

  • Chinese govt plays Cupid to help youths get married

    Beijing : With over 100 million youngsters in China opting to remain single despite attaining marriageable age, the government has launched an ambitious blind date drive to encourage single youths to get hitched.

  • BHEL regains growth and profitability

    In spite of fiscal 2016-17 being an extremely challenging year, Bharat Heavy Electricals Limited (BHEL) has achieved double digit growth in its topline and bounced back into profit in fiscal 2016-17, reversing the declining trend of the last three years and ending the year with significant traction in growth drivers. This was stated by Atul Sobti, chairman and managing director, BHEL at the 53rd Annual General Meeting of the company.