'Son believes India has a significant opportunity in chip design, especially in creating IP that will be uniquely Indian.'
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
'For many years, people were telling me to do a massy film.'
His decision follows an independent investigation done on behalf of Flipkart and Walmart into an allegation of serious personal misconduct. Bansal, however, denies the allegations.
Take a look at some of the best dressed attendees and winners at Elle Graduates 2024.
The management changes come amid talks that the company is preparing for an IPO in the United States.
"I would like to resign as an independent director of the bank with effect from January 27, 2020. Given an entity owned and controlled by me has made an application to the RBI for a universal banking license, I felt it was -- in the interest of propriety and corporate governance -- only appropriate that I stepped down from this role," Bansal said in his resignation letter, which was disclosed by Ujjivan SFB in the regulatory filing.
Families of two West Bengal women killed in a stampede at the Maha Kumbh Mela have alleged that they were handed over the bodies without death certificates. They received only a piece of paper mentioning that the body was given to them. The victims, Basanti Poddar and Urmila Bhuniya, were killed in the pre-dawn stampede on January 29. A senior West Bengal minister alleged that "total mismanagement" prevailed in the Maha Kumbh Mela.
Durga pujo celebrations continue, and this time, Alia Bhatt joins the Mukherjees at the the North Bombay Sarbojanin Durga Puja pandal.
Opposition parties in India have demanded the resignation of Railway Minister Ashwini Vaishnaw after a stampede at New Delhi railway station killed 18 people. They blamed the government for "gross mismanagement" and accused them of "covering up" the death toll. The stampede occurred on Saturday night as passengers rushed to board trains for the Maha Kumbh festival in Prayagraj. The Congress, the Left, Trinamool Congress, and the Rashtriya Janata Dal have all criticized the government's handling of the situation, while BJP leaders have defended the government. The incident has highlighted the failure of the Railways and the government to make adequate arrangements for the large number of devotees travelling to Prayagraj.
I learnt that Yogi was deeply unhappy with the BJP's choice of Lok Sabha candidates. He had proposed a list of names, but hardly any of his suggestions were accepted.
'Deva gave me the chance to push myself as an actor after a long time.'
The two parties did not share the deal size but said MavenHive's two founders and 40-odd team members have joined the Bansal-owned firm. MavenHive was started by Bhavin Javia and Anandha Krishnan in 2012.
The Navi lending app, launched in May, provides instant loans of up to Rs 5 lakh, with repayment tenures of up to 36 months.
She looked like the prettiest princess of them all.
Chandigarh Commission for Protection of Child Rights (CCPCR) has advised singer-actor Diljit Dosanjh, set to perform in Chandigarh on Saturday, to refrain from singing alcohol-themed songs during his live show, citing their adverse impact on children of impressionable age.
Reserve Bank Governor Shaktikanta Das on Friday said that this stage would have been "premature" and "very very risky" as the retail inflation is still high, and future monetary policy action would depend upon the income data and outlook. Earlier this month, the RBI continued to maintain the status quo in the short-term lending interest rate (repo), citing inflationary concerns, though it changed the monetary policy stance to neutral.
The deal brings the two start-up stalwarts - Bansal and Ola co-founder and chief executive officer Bhavish Aggarwal - together in the backdrop of growing foreign control in this space.
People who have worked with Mukesh Bansal describe him as approachable and extremely polite but someone who likes to maintain a strict work schedule.
The Vishva Hindu Parishad (VHP) on Tuesday claimed that Muslims are selling puja items at various Hindu pilgrimage sites by 'concealing' their identity and urged all state governments to take effective steps to prevent them from running such shops 'so that the faith of Hindus is not hurt'.
Singh contended that the investigation was done in a biased manner as only the version of the victims, who were interested in taking revenge against him, was considered and the charge sheet was filed before the trial court without taking care of the falsehood of allegation.
As per the award, Infosys is required to pay Bansal the outstanding severance amount of Rs 12.17 crore, with interest
Form 16 contains details of salary income, deductions, and exemptions.
He said he will be 'cheering from the outside' and urged Flipkart team to continue with the momentum.
Former Railway Minister Pawan Kumar Bansal and four-time MP on Tuesday filed his nomination papers for the Chandigarh Lok Sabha seat, polling for which will be held on April 10.
Scammers sometimes misuse personal information collected during tax preparation, leading to identity theft or unauthorised financial transactions.
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.
The top court had come down heavily on the ED and said it is not expected to be "vindictive" in its conduct and must act with utmost probity and fairness.
Where Binny slipped up badly was in gauging the level of transparency and governance that is expected by a global strategic investor, says Indrajit Gupta.
Amazon Pay UPI has crossed 100 million customers, with the online platform used mainly for e-commerce transactions, utility bill payments and mobile recharges, the company announced on Monday.
Bansal has picked up a majority stake in Chaitanya Rural Intermediation Development Services, a company which runs microfinance institution Chaitanya India Fin Credit.
The Reserve Bank of India (RBI) has barred four non-banking finance companies (NBFCs), including two microfinance institutions (MFIs), from sanctioning and disbursing loans for charging exorbitant interest rates to the borrowers. These four entities are Asirvad Microfinance, Arohan Financial Services (also an MFI), DMI Finance, which provides personal, consumption, and micro, small and medium enterprises loans, and Flipkart co-founder Sachin Bansal's Navi Finserv, which offers home and personal loans. The ban will take effect on October 21 to "facilitate closure of transactions in the pipeline", the regulator said in a statement.
Former WFI chief Brij Bhushan Singh over allegations of sexual harassment: 'It's a conspiracy by Congress'
'This case is not a good example of intellectual property strategy for either sector.'
Faced with a dilemma over handing tickets to leaders facing allegations of corruption, Congress on Wednesday gave indications that while former Railway Minister Pawan Kumar Bansal could be re-nominated from Chandigarh, Pune MP Suresh Kalmadi may not be fielded in the upcoming polls.
The Delhi high court on Monday upheld Chief Minister Arvind Kejriwal's arrest by the Central Bureau of Investigation (CBI) in the corruption case stemming from the alleged excise policy scam, dealing a massive blow to the Aam Aadmi Party leader.
Bansal's wife and daughter had hanged themselves in the same apartment while he was in jail.
She had worn it for a space theme party during Anant and Radhika's pre-wedding in London.
'Compare the new slabs with the previous years to understand if your tax liability will increase or decrease after the Budget.'
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
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