NEW DELHI: HDFC Bank on Monday said the RBI had approved the re-appointment of Aditya Puri as managing director of the bank for another two years. “Reserve Bank of India, vide its letter dated October 22, 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of […]
NEW YORK: Google fired 48 employees, including 13 senior managers, over sexual harassment claims since 2016, CEO Sundar Pichai has revealed, asserting that the tech giant was taking an “increasingly hard line” on “inappropriate conduct” by people in positions of authority. In a letter to employees, the Indian-American chief executive officer said Google was “dead […]
Full text of Reliance Industries Ltd (RIL) chairman Mukesh Ambani’s speech at India Mobile Congress: Honourable Minister Shri Ravi Shankar Prasadji, Shri Manoj Sinhaji, Ladies and Gentlemen, A very warm good morning. Dear Friends, Today, we are living in an India of unprecedented hope and promise… …An India that is poised to embrace an immensely […]
NEW DELHI: Tata Motors-owned Jaguar Land Rover (JLR) on Thursday announced the opening of its new state-of-the-art $1.6 billion manufacturing facility in Slovakia, a first for a British automotive brand setting up in the central European country. JLR said its investment is expected to lead to an annual production of 100,000 cars at the new […]
NEW DELHI: Shareholders of embattled Essar Steel on Thursday offered to pay Rs 54,389 crore, including an upfront cash payment of Rs 47,507 crore, to clear all dues owed to lenders. The move aims at pulling the company out of insolvency proceedings. The proposal was made as the Committee of Essar Steel Creditors voted on […]
NEW DELHI: IDFC Bank has proposed to change its name to ‘IDFC First Bank Ltd’ as it is in the process of amalgamating non-banking financial company Capital First with itself. The Board of Directors of IDFC Bank at its meeting on Wednesday decided to seek approval of the Reserve Bank of India to rename the […]
NEW DELHI: Benchmark BSE Sensex slumped about 344 points on Thursday to settle at 33,690.09 on across-the-board selling on prevailing liquidity crunch and fresh weakness in the rupee amid a global sell-off. October futures and options (F&O) expiry added to the woes as investors offloaded their long bets instead of carrying them forward to the […]
NEW DELHI: NBCC (India) Ltd., a Navratna CPSE under Ministry of Housing and Urban Affairs, has bagged a prestigious project for Planning, Designing, & Construction of All India Institute of Medical Sciences (AIIMS) in Deoghar, Jharkhand valuing Rs. 902 crore. The Project has been awarded to NBCC by the Ministry of Health & Family Welfare, […]
NEW DELHI: India needs a strong, stable and decisive government for the next 10 years to achieve its political, economic and strategic objectives, National Security Advisor Ajit Doval said on Thursday, asserting that “weak coalitions will be bad” for the country. Delivering the Sardar Patel Memorial Lecture here, he claimed that in the past four […]
NEW DELHI: The billionaire brothers Cyrus and Shapoor Mistry have announced formation of Mistry Ventures LLP to incubate and fund the startup ecosystem. The announcement on Wednesday comes on the second anniversary of Cyrus’ unceremonious salving by the Tatas as the group chairman. The new firm is jointly promoted by Cyrus and his elder brother […]
NEW DELHI: Ambuja Cement on Tuesday reported a 12.73 per cent increase in consolidated net profit to Rs 396.01 crore for the quarter ended September 2018, helped by growth in sales volume. Part of the Swiss cement giant LafargeHolcim, the company had clocked a net profit of Rs 351.29 crore in July-September 2017, Ambuja said […]
NEW DELHI: Nokia’s state-of-the-art manufacturing unit in Chennai in South India has started manufacturing 5G New Radio (NR) based on the 3GPP 5G New Radio Release 15 standard. The Chennai plant is one of the largest telecom equipment manufacturing plant in the country, recently reaching the 4 million unit annual production milestone of 2G, 3G […]
NEW DELHI: As many as 28 states and Union Territories (UTs) have so far notified the Real Estate (Regulation and Development) Act, 2016 in the country, an official said on Wednesday. According to the Housing and Urban Affairs Ministry, 20 states and UTs have established real estate appellate tribunals under the legislation, of which, seven […]
NEW DELHI: Markets regulator Securities and Exchange Board of India (SEBI) on Wednesday declared the highest bidders for four properties belonging to Pancard Clubs for a combined bid value of over Rs 54 crore, as part of its efforts to recover investors’ money. The properties include office spaces in Mumbai suburban area, a resort in […]
NEW DELHI: Buoyed by easing crude oil prices and a recovery in the rupee, the BSE Sensex on Wednesday recaptured the 34,000-mark by jumping 187 points after four sessions of losses as global markets bounced back. The broader Nifty, after struggling, also managed to end above the 10,200-level. The rupee strengthened 42 paise to 73.15 […]
NEW DELHI: The Indian rupee strengthened by 41 paise to close at more than three-week high of 73.16 against the US currency Wednesday as global crude oil prices eased and domestic equity markets staged a smart rebound. Forex dealers said softening crude oil prices supported the rupee’s upward movement. On Tuesday, Saudi Arabia pledged to […]
