Patel, 55, who took over as the 24th Governor of the central bank on September 5, 2016, had the shortest tenure since 1992.
Ordering groceries, vegetables and daily essentials is just a WhatsApp away as billionaire Mukesh Ambani's e-commerce platform JioMart taps into the popular messaging app to scale up online business in its fight for dominance in the giant Indian retail market with Amazon and Walmart-owned Flipkart. Ambani's twin children, Akash and Isha gave a preview of the ordering at Meta's second edition of the Fuel for India event on Wednesday. A new 'tap and chat' option allows users to order groceries through WhatsApp.
The B-school also witnessed new roles in the domain.
After a long wait, the Shapoorji Pallonji Group has closed the sale process of its consumer durables business under the Eureka Forbes label by picking the American private equity fund Advent International's Rs 4,400-crore offer for a 72 per cent stake. The sale process, which began in November 2019, will help the over 156-year-old SP Group pair the debt pile and sharpen the focus on the flagship construction and engineering business under Afcons. The valuation of Rs 4,400 crore for a 72.56 per cent stake is is at an enterprise level and subject to closing adjustments and also includes an open offer for the remaining stake after the demerger and listing of Eureka Forbes, the SP group said in a statement on Sunday.
The highest domestic package, however, fell 10 per cent
AI, cloud computing, data analytics are a few areas companies are looking for proficiency in
Indian plants -- who plan to begin production with 28 nano metre chips -- will take two to four years to get off the ground. By that time, in the fast changing world of chip making, the global market would have shifted to 22 nm.
Major institutes see rise in summer placements; consulting, BFSI, e-commerce firms are top recruiters, says Vinay Umarji.
Consultants are working with various teams on manufacturing, R&D, etc, to assess per-month productivity of each department.
India jumps to fourth from thirteen in the list of countries having households with more than $100 mn private wealth.
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
The Ola Money and Uber tie-ups demonstrate how insurance companies, including even government-run ones, are forging partnerships with every possible service company to offer products.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
You have to make yourself visible and create opportunities for yourself, advises Gaurav Goyal, co-founder, Scalenut.
Only 36 per cent in Japan and 44 per cent in Germany were willing to use such vehicles.
Handset maker Xiaomi will set up a research and development unit in Bangalore, its first such facility outside of China, as it looks to beef up presence in the booming Indian smartphone market.
Fast paced growth in computer literacy and greater use of data on mobiles will help India's Internet economy grow to $200 billion or 5 per cent of the GDP by 2020.
Bajaj sold his 18-month-old start-up WhiteHat Jr to Byju Raveendran for $300 million in an all-cash deal - over the video conferencing platform Zoom. The deal is the biggest in the Indian edtech sector by far.
Start-ups, especially the e-commerce players, are either staying away from these campuses or recruiting in much smaller numbers than last year
Prominent recruiters were Flipkart, Urban Ladder, AskmeBazaar etc
The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively
Wipro makes it to the up-and-coming companies with potential to join the top 50 list.
Aditya Birla Retail set up seven years earlier, posted a 20% growth in sales over a year earlier for 2013-14.
Ministerial consultations on, with recognition of the potential, and the need to not classify it under the same rules as for pharmaceuticals.
India's huge digital prowess and potential will play a huge role in enabling digital lending, says Romita Majumdar.
Titan expects sales of premium-priced watch sales to grow by leaps and bounds in the future on the back of a growing disposable income among working professionals and income categories, says Pavan Lall.
Is this paradigm shift in brand-consumer power-sharing coming to fruition in India too?
The second day of the placement season at Indian Institute of Technology (IIT) - Madras on Tuesday saw e-commerce major Flipkart Internet Pvt Ltd recruiting 19 students - the highest offer so far this season.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
Switzerland remains the 'biggest private banking financial centres for cross border wealth management' with assets worth over CHF 2.11 trillion ($2.2 trillion), as per the study conducted by the Swiss Bankers Association and the Boston Consulting Group.
Marking the end of strict banking secrecy practices, Switzerland earlier this month agreed to automatic exchange of information and mutual administrative assistance in tax matters with overseas authorities.
RIL has been talking to groups including Gionee, Huawei and Xiaomi
Despite strong AUM growth, MFs lag behind other popular investment avenues. MFs received only 6 per cent of total household savings in 2021-2022.
Some of these items of consumption include ultraviolet disinfectants and sanitising boxes, free-finger touch devices, do-it-yourself grooming kits, self-cleaning water bottles, smart tiffin boxes, hand-sanitizer wearables, antiviral fabrics, tiles, flooring and mattresses, and anti-fogging glasses.
The ministry of railways is set to invite bids for content on demand and rail radio services, to be provided for travellers in April, says Shine Jacob.Shine Jacob in New Delhi
Byju's, says Anita Kishore, has given the founders of the businesses it has acquired the independence to operate separately and maintain their core culture.
Union Health Minister Harsh Vardhan on Thursday said the government was aiming to bring down India's Covid-19 mortality rate to less than 1 per cent from the current 1.64 per cent, which is still the lowest in the world.
The report analysed product launches of 2011, their success over three years, and reported 31 of the 14,509 products introduced that year were received well by consumers.
Marico, which launched its first digital-only brand Studio X on Amazon, is treading the e-commerce market sans the support of its 4.7 million brick and mortar outlets, reports Sangeeta Tanwar.
This September, Sachin Bansal picked 94 per cent stake in microfinance company Chaitanya Rural Intermediation Development Services. His immediate plan is to scale up the company's operations as quickly as possible without making much investment in physical infrastructure and by leveraging technology.
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