quick reads

The business wrap: Centre to appoint 10 interim directors to Unitech board, and 6 other top stories

Other headlines: Sensex and Nifty made gains a day before the Gujarat polls, and Jet Airways’ second quarter net profit fell 91% due to higher fuel expenses.

A look at the headlines in the sector:

  1. Company law tribunal allows Centre to appoint 10 interim directors to Unitech’s board: The National Company Law Tribunal also gave the real estate firm four weeks to respond to the government’s petition to take over its management.
  2. Sensex closes above 33,000, Nifty ends 100 points higher a day before Gujarat goes to polls: Strong cues from the Asian markets also helped the benchmark indices to make gains.  
  3. Jet Airways’ second quarter net profit plummets 91% on higher fuel expenses: The company’s quarterly total expenses rose 9.2% to Rs 5,709 crore.
  4. Deadline to link Aadhaar number with PAN extended to March 31: The government said it was pushing the last date as some taxpayers had not completed the process yet.  
  5. Vijay Mallya offered to pay back 80% of principal loan amount but banks rejected it, claims defence: Citing a lavish party the businessman had thrown, the prosecution said banks may have rejected his offer as they knew he could repay the full amount.
  6. Theresa May strikes last-minute deal with EU, Brexit trade talks likely to begin soon: According to the agreement, the rights of European Union citizens in the United Kingdom and vice-versa will be protected. 
  7. India gets entry to multilateral export control regime Wassenaar Arrangement: Joining the 41-member group will enhance India’s position in the field of non-proliferation and make it easier to acquire defence technologies.  
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Shirley Engelmeier, author of ‘Inclusion: The New Competitive Business Advantage’, in her interview with Forbes, talks about the new global business normal. She points out that the rapidly changing customer base with different tastes and preferences need to feel represented by brands. An inclusive environment will future-proof the organisation to cater to the new global consumer language and give it a competitive edge.

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This article was produced by the Scroll marketing team on behalf of Accenture and not by the Scroll editorial team.