It simply means, the National Anomaly Committee or Committee on Allowances won’t suggest or approve any changes in the basic pay or allowance against the recommendations of the 7th Pay Commission. New Delhi, Nov 1: The ‘Committee on Allowances’, headed by Finance Secretary Ashok Lavasa, is yet to submit its report on fatter allowances recommended by the 7th Pay Commission, however the Finance Ministry sources said the government won’t... 

Mahindra & Mahindra on Wednesday reported a standalone net profit of Rs 955 crore in the June quarter, beating Street estimates. Net sales rose 14 per cent to Rs 11,942 crore. M&M’s tractor division outperformed, with sales rising 21 per cent to 71,785 units Religare Securities said M&M’s Q1 numbers are operationally “in line”. Standalone EBITDA margin came in tad above estimate at 11.6 per cent, while margins for...