Private sector lender Bandhan Bank on Friday said its founder, managing director and CEO Chandra Shekhar Ghosh has tendered his resignation. Ghosh would retire from the services of the bank as MD and CEO upon completion of his current tenure on July 9, 2024, the bank said in a regulatory filing. "After leading the bank for almost a decade, including three consecutive tenures as MD & CEO, I feel that the time has now come for me to assume a larger strategic role at Bandhan group level," Ghosh said in a letter addressed to the board.
The Union ministers and farmer leaders had met earlier on February 8, 12 and 15 but the talks remained inconclusive.
'When there are no good roads and no buses plying to villages, your spending on development is skewed.'
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The much-talked about Land Acquisition Bill, which provides for enhanced compensation to land owners and other benefits, was Monday approved by the Union Cabinet notwithstanding reservations from some senior ministers on some aspects.
Various farmers association and individuals have raised objection to Justice Mishra hearing the matter on the grounds that he has already expressed his mind in the judgment pronounced by the apex court in February last year.
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Most conflicts arise from government takeover of land, often on behalf of private investors: Report
Reliance Industries on Friday unveiled five fundamental strategic shifts for growth, laying emphasis on acquisitions and partnerships for growth rather than the organic route.
The Indian IT services sector is staring at a second consecutive year of muted revenue growth due to modest increase in tech spends in Europe and the US, a domestic rating agency said on Wednesday. Crisil Ratings said it expects the sector to grow at 5-7 per cent in FY25, after a growth of 6 per cent estimated to have been achieved in FY24. The overall industry size is pegged at $250 billion and it creates over 50 lakh direct jobs.
Most of the complainants claimed that Shajahan was actively involved in the forcible acquisition of their land and torturing of local women, the police officer said.
The ED had conducted searches against the legislator, Sai Aaina Farms Pvt Ltd (now Mahira Infratech Pvt Ltd), other companies of the Mahira Group and some others in July last year.
"Executives at both Facebook and Google, among other companies, have held low-level talks with those at Twitter Inc in recent months to explore the prospect of an acquisition of the messaging service," The Wall Street Journal reported, citing a person familiar with the matter.
The land was being acquired by officials of the district administration, departments of revenue and forest and Industrial Infrastructure Development Corporation.
Both sports and digital will drag down the healthy operating margins that entertainment television continues to make.
Fast moving consumer goods company Dabur is planning to acquire more companies in the healthcare segment in India and could spend up to Rs 500 crore for the buyouts.
W12 Studios will be part of TCS Interactive, further strengthening the already impressive array of creative and experience services it offers
Mohit Burman, the youngest among the newly appointed corporate heads among Dabur businesses, is known to have a penchant for acquisitions.
Delhi Chief Minister Arvind Kejriwal 'directly used' part of the alleged Rs 100 crore generated from the 'kickbacks' of the Delhi excise policy 'scam' by staying in a luxury hotel in Goa, the Enforcement Directorate (ED) has claimed in its charge sheet filed against the Aam Aadmi Party supremo.
'The government has put in a lot of effort to provide infrastructure for the industry.'
IT company Infosys on Thursday posted a 7.3 per cent decline in consolidated net profit at Rs 6,106 crore in the third quarter of the current financial year. The company had posted a net profit (attributable to shareholders) of Rs 6,586 crore during the same period a year ago, Infosys said in a regulatory filing. Consolidated revenue from operations of the company increased marginally by 1.3 per cent to Rs 38,821 crore during the quarter under review from Rs 38,318 crore in the year-ago period.
The BSA Gold Star is launched....Ola Enters e-motorbikes Biz... Bajaj, TVS To Enter e2Ws Market...
The Reserve Bank of India (RBI) will meet top executives of asset reconstruction companies (ARCs) on Friday to take stock of the sector. During the meeting, ARCs will also seek clarity from the regulator on bank borrowing. While there is no regulatory ban in place, ARC sources said banks often refuse funding.
Byju's founder Byju Raveendran on Saturday said the edtech company will not be able to pay salaries to employees as the recent funds raised through a rights issue are inaccessible due to a legal dispute with certain investors. In a letter to staff, Raveendran said the rights issue, launched a month ago, has been successfully closed. "This was supposed to be a happy correspondence.
Infosys, the country's second largest IT services firm, is open to 'bigger scale' mergers and acquisitions but with a caveat, it is not interested in "yesterdays" companies.
State-run Oil India Ltd, which got listed on the bourses on Wednesday, is looking at acquisition of assets or companies in Australia, South-East Asia, Africa, Russia and Latin America.
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The government's acquisition of land for projects has been facing protests across the country, the violence in Uttar Pradesh being only the latest. As people's power collides with public projects, MR Madhavan explains what land acquisition is all about
'The BJP's numbers in this government are almost the same as those enjoyed by the Congress under P V Narasimha Rao when the reform process was kicked off in 1991.' 'As before, the only constraints on the prime minister's actions are internal, not external.' 'They come from his own assessment of the political consequences of any action,' points out Mihir S Sharma.
After a gap of nine months, the Orissa government on Wednesday resumed land acquisition work for the Rs 52,000-crore (Rs 520-billion) Posco steel plant, amidst tight security even as those opposed to the project started thronging the area.
RCB head coach Andy Flower too was happy with the acquisitions.
Farmers too will get better deals
SBI and other public sector banks have decided to lend Rs 4,000 crore to Patanjali Ayurved for the acquisition of Ruchi Soya, which was facing bankruptcy proceedings under the Insolvency and Bankruptcy Code. The money lent by banks will help the PSBs to settle their exposure to Ruchi Soya with a haircut of 65 per cent. Banks led by SBI and others had earlier made claims of over Rs 12,146 crore against Ruchi Soya after the company failed to repay its loans.
This follows the MoEF's final nod for diversion of 1,253 hectares of forest land for the project last Monday.
The Land Acquisition Bill, passed by Parliament during the Monsoon Session to replace a 119-year-old legislation, became a law with President Pranab Mukherjee giving assent to it on.
The land acquisition work will start in a peaceful manner," Steel and Mines Minister Raghunath Mohanty told reporters adding the land acquisition work had been halted for nine months due to a 'stop work' order from the Ministry of Environment and Forest.
A 62-year-old farmer, who was part of the 'Delhi Chalo' agitation, died of heart attack in Khanauri on the Punjab-Haryana border, a farmer leader said on Friday.
Land laws in India need not be archaic, say experts.
Eyes bank, brokerages, and asset management businesses.
Numbers could be classified further into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the call in the future.
