Jacob Nelly

Articles by Jacob Nelly

Email : editor@ibtimes.co.in

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Narendra Modi's foreign travels and PR blitz cost taxpayer Rs 7,000 crore

The prime minister undertook as many as 84 foreign trips during his tenure so far.

Dec 14, 2018

Fortis shares crash 14% after supreme court suspends sale to Malaysia's IHH

The suspension of the sale process will further hit Fortis and its shareholders as IHH will likely step away from infusing liquidity into cash-strapped Fortis.

Dec 14, 2018

Didn't he pay loans for 40 years? Nitin Gadkari supports Vijay Mallya

The 'fugitive economic offender' has lost control of his vast business empire and a whole lot of prized assets and personal wealth over the last several years.

Dec 13, 2018

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Sensex surges 600 points; Trust in Modi's return in 2019 fuelling markets?

The only thing that can still upset Modi's apple cart is a joining of forces by the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) in Uttar Pradesh.

Dec 12, 2018

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Assembly results 2018: Who will BSP support in Madhya Pradesh cliff-hanger?

The Congress had badly wanted to have an alliance with the BSP as it knew that a three-way race would rupture the anti-incumbency front.

Dec 11, 2018

Chhattisgarh CM: Here are the front-runners as Congress chooses next leader (VIDEO)

Chief ministerial aspirants are on razor's edge as Congress top brass takes leadership call in Chhattisgarh. The front-runners will be Tamardhwaj Sahu, TS Singhdeo, Bhupesh Baghel, Charandas Mahant and Satyanarayan Sharma.

Dec 11, 2018

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Kotak Mahindra Bank takes RBI to court over promoter holding norm; shares tank

As per the central bank requirements, promoter Uday Kotak must reduce holding in the bank to 20 percent by the end of December from 29.73 percent currently.

Dec 10, 2018

IMF chief economist throws his weight behind Narendra Modi

Maurice Obstfeld, however, supports the RBI, saying the central bank's independence is a must for ensuring financial stability.

Dec 10, 2018

Yes Bank raises sensational charges against rival Kotak and business daily

Yes Bank and Kotak Mahindra Bank started operations in the early 2000s as investment banks, but Kotak bloomed into a full fledged lender later on.

Dec 7, 2018

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Fitch lowers Indian economy's growth estimate; says rupee will weaken in 2019

Fitch said widening current account deficit and increasingly challenging global economic conditions will cause the rupee's slide.

Dec 6, 2018

Carlos Ghosn's $70 mln hidden pay points to rot at Nissan

Ghosn's pay had attracted negative attention earlier as well in Japan, where executives are paid frugally by western standards.

Dec 5, 2018

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Qatar quits Opec; when will Doha break up Saudi-led GCC?

Unverified reports had said that Saudi Arabia had in fact planned an invasion of the emirate last year, and was stopped at the last minute by the persistent efforts of former US Secretary of State Rex Tillerson.

Dec 3, 2018

Disruptor to predator? Hoteliers to launch legal action against Oyo

The Budget Hotel Association of Mumbai is in the forefront of forming a nationwide lobby of hoteliers against Oyo.

Dec 1, 2018

Narendra Modi and Rahul Gandhi fake Twitter followers report is flawed

With crude at year's low, fuel smiles on PM Narendra Modi in election year

Riyadh was hoping that it could piece together a plan to announce an output cut at the Organisation of Petroleum Exporting Countries (Opec) summit next week, but the Russian response hasn't been positive.

Nov 29, 2018

He Jiankui, creator of gene-edited babies, defends seminal work as rebuke pours in

Jiankui said on Monday that the twin sisters he created, named Lulu and Nana, would be resistant to HIV as the embryos were modified with advanced gene editing tools.

Nov 28, 2018

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Jet Airways shares zoom as hopes soar Naresh Goyal would sell controlling stake

Reports had emerged on Monday that chairman Goyal was willing to cut his equity stake in Jet to as low as 15 percent in order to prevent the carrier going belly up.

Nov 28, 2018

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Govt-RBI tussle is far from over; turf war could spill over at Dec 14 meeting

A Bloomberg report says the government nominees on the board will ask RBI to take steps to prevent banks from accumulating bad loans rather than penalise them after the fact.

Nov 27, 2018

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Indian workers' pay rising fastest in South Asia, but wage inequality is high too

The report also finds that globally women continue to be paid approximately 20 per cent less than men.

Nov 27, 2018

China eats into world's largest natural gas reserve as Total exits Iran's South Pars

Total, whose footprints are writ large in the oil exploration history of the Middle East, was the first western firm to invest in Iran, following the lifting of US sanctions in 2015.

Nov 26, 2018

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'Naresh Goyal willing to dilute stake to 15% to save Jet Airways from crashing'

Goyal is reportedly pursuing a deal under which he would remain the chairman of the airline he founded in 1993.