Of the existing set of potential leaders, Bakhshi was clearly the only choice as he beat out other high-level candidates that included executive directors Anup Bagchi, Vishakha Mulye, NS Kannan, and Vijay Chandok who were lacking the all-round game that Bakhshi has.
Several factors have held India back. One is DoT policy somersaults and lack of clarity on whether to or not to ban Chinese gear makers.
The largest private sector lender is also looking to open a full-fledged branch in China, where it already has a representative office, managing director and CEO, Chanda Kochhar said during the bank's 19th annual general meeting in Vadodara.
For the baning sector, 2018 was a 'Year of Exits' - borrowers fled from the country as loans went kaput and many bank CEOs were forced to leave
With enough liquidity in the system, lending and deposit rates are likely to fall further
'We focused on de-risking our balance sheet but we are very clear that the steps we have taken over the past few years, about changing the proportion of the loan mix, improving the ratings of the incremental portfolio, and reducing the concentration risks have now created a strong position that will allow us to attain growth with stability.'
The case pertains to allegations that Lalu Prasad, as railway minister, handed over the maintenance of two hotels run by the IRCTC, a subsidiary of the Indian Railways, in Ranchi and Puri to Sujata Hotels, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.
Audi's strategy seems to point to pushing technology to directly connect with consumers using digital platforms and marketing to synchromesh into one seamless experience, says Pavan Lall.
Monika Halan is editor of Mint Money, India's second-largest business newspaper, which has an exclusive partnership with the Wall Street Journal.
The Central Bureau of Investigation, which had on April 16 filed the chargesheet in the case, had said that there was enough evidence against the accused.
The hotties who set the ramp on fire.
We bring you a round-up of showings by Archana Kochhar, Nishka Lulla, Jatin Varma and more.
ICICI Bank, the country's largest private sector lender, has revised allowances paid to its executive directors, including that of its managing director and CEO Chanda Kochhar.
Skoch events are organised with pomp and show in the swanky hotels of Delhi and Mumbai every year.
The case relates to alleged money laundering in granting the operational contract of two IRCTC hotels to a private firm.
A rare bonhomie among three private telecom companies in raising tariffs coming on the back of a bailout package by the government may have helped the telecom sector avert a crisis but the challenges haven't ceased to exist as the industry faces a cash-guzzling task of rolling out 5G networks in the coming months. The sector that provides direct and indirect employment to millions is projected to see Rs 1.3 lakh crore to Rs 2.3 lakh crore of investments in the coming years in creating robust infrastructure and building telecom and network products that have been incentivised by the government through PLI and other initiatives. After years of cut-throat competition and the apex court ruling on payment of past statutory dues left some players in the lurch, billionaire Sunil Mittal's Bharti Airtel and struggling Vodafone Idea almost in tandem raised tariffs, taking the plunge they had long been talking about.
The 27-year-old former deputy chief minister of Bihar appeared before the agency after evading three notices for questioning in connection with the case, CBI sources said.
When the stars went traditional.
What a Wednesday was like in Bollywood.
Located in the banking hub of Singapore's central business district, the branch office is the start of ICICI's retail operations in the country under a 25-branch qualified Full Banking licence given by the Monetary Authority of Singapore in April, Kochhar said.
The court granted bail to Rabri and Tejashwi Yadav in the CBI case on a personal bond of Rs 1 lakh and a surety of a like amount.
The action is in connection with its money laundering probe in the IRCTC hotel allotment scam case involving Rashtriya Janata Dal chief Lalu Prasad and his family.
Rabri Devi's appearance before the central probe agency comes after she skipped similar summonses at least six times.
The singer sizzled in a piece from fashion designer Archana Kochhar's collection at a fashion show held recently in Mumbai.
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
The executive suites of most major companies still remain largely boys' clubs, but things are improving.
The agency is probing members of the Lalu Prasad family and others under the Prevention of Money Laundering Act.
Designer Archana Kochhar got together with a host of celebs like Raageshwari, Bappi Lahiri and Salim-Sulaiman to celebrate the late King of Pop Michael Jackson's style icon status on his first death anniversary, June 25.
Kalpana Kochhar, country head-India of the International Monetary Fund, says it is 'very difficult not to be bullish on India'
The ED had registered a criminal case against the Lalu Prasad family members.
Partnership between Israel and India is doing wonders, the visiting prime minister tells business leaders.
Telecom regulator TRAI on Tuesday released a detailed consultation paper to discuss threadbare the modalities for auction of spectrum across multiple bands, including pricing, quantum and other conditions -- preparing the groundwork for 5G auctions slated for next year. Trai's comprehensive consultation paper runs into 207 pages and throws up 74 questions for industry-wide discussion, touching on crucial aspects like valuation and reserve price of spectrum, including 5G, quantum of spectrum, block size, eligibility conditions for participation in auction, roll-out obligations, spectrum cap, and surrender of spectrum. Norms will also be worked out for new frequencies such as 526-698 MHz and millimetre band, that is 24.25 - 28.5 GHz, in addition to bands such as 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3670 MHz.
It is understood that this is the second summon by the agency to Rabri after she did not depose before it the first time.
Three Indians-- Congress president Sonia Gandhi, ICICI Bank head Chanda Kochhar and PepsiCo chief executive Indra Nooyi--have been named among Asia's eight top power women by American broadcaster CNN.
The RBI, in its third quarter monetary policy review, raised by 75 basis points (to 5.75 per cent) the mandatory deposits banks need to park with the apex bank to tame inflation. The move is likely to suck Rs 36,000 crore (Rs 360 billion) out from the system.
Special Judge Arun Bharadwaj granted relief to Prasad after he was produced before the court through video conference from a Ranchi jail, where he is lodged in another case, as he was unable to come due to health reasons.
MD Chanda Kochhar says the facility 'has the potential to increase security and convenience'
Asked about top Swiss bank UBS AG, reeling under criticism for sheltering American tax evaders, agreeing to US government's demand for disclosure, Kochhar generally hedged queries saying Indian banks were not in that kind of business. Black money had become a major issue in the run up to the Lok Sabha polls in April-May, with BJP leader L K Advani claiming that $500 billion of Indian money was stashed in banks abroad.
