Japanese auto major Suzuki Motor Corporation (SMC) on Wednesday said its long-serving chairman Osamu Suzuki will retire and assume the role of senior advisor subject to shareholders' approval in the ordinary general meeting to be held in June this year.
'Devika is a people's person, who simply loves what she does. This reflects in her work; the insights she brings to the table and the way she interacts with people and clients. She has the demeanour of a good captain. Her success is well-deserved.'
RBL Bank's interim chief executive officer (CEO) and managing director (MD) Rajeev Ahuja on Sunday tried to allay concerns around the health of the bank. He said events during the weekend are not linked to RBL's asset quality. The bank said Vishwavir Ahuja, its managing director (MD) and chief executive officer (CEO), had on Saturday proceeded on leave with immediate effect on medical grounds.
The Delhi high court on Thursday granted bail to Chitra Ramkrishna in the money laundering case related to alleged illegal phone tapping and snooping of the National Stock Exchange (NSE) employees, saying prima facie there are reasonable grounds to believe she is not guilty. Justice Jasmeet Singh granted bail to the former NSE managing director on a personal bond of Rs one lakh and two sureties of the like amount. "Prima facie there are reasonable grounds to believe that the applicant is not guilty of the offence and she is not likely to commit any offence while on bail...the application is allowed and the applicant is granted bail," the court said.
The Delhi high court on Wednesday granted bail to former National Stock Exchange (NSE) head Chitra Ramkrishna and ex group operating officer Anand Subramanian in the co-location scam case being probed by the CBI. Justice Sudhir Kumar Jain said he was granting "statutory bail" to the two former officials of the NSE. A detailed copy of the order is awaited.
A day after the promoters of Adani Group prepaid $1.1 billion loans, one of the group's listed entities - Adani Ports and Special Economic Zone (APSEZ) - announced that it would prepay loans of up to Rs 5,000 crore by next month-end so as to improve its financial metrics. The company is targeting an earnings before interest, tax, depreciation and amortisation (Ebitda) of around Rs 15,000 crore this financial year. This was revealed by Karan Adani, chief executive officer (CEO) and whole-time director of APSEZ, while announcing the September-December 2022 results.
In the continuing battle between the promoter family and Invesco, ZEEL said its MD and CEO Punit Goenka has informed its board about a proposal made by Invesco about the merger, under which Strategic Group would hold majority stake but he was offered to be appointed as MD and CEO of the merged entity besides offering 4 per cent stake. In a regulatory filing, ZEEL alleged that Invesco's stance in their Open Letter that they "will firmly oppose any strategic deal structure that unfairly rewards select shareholders, such as the promoter family, at the expense of ordinary shareholders" runs contrary to the very deal Invesco was proposing itself a few months ago.
Billionaire Elon Musk has completed his $44 billion takeover of Twitter and fired the social media company's four top executives, including CEO Parag Agrawal and legal executive Vijaya Gadde. The New York Times said that Musk, the world's richest man, closed the deal to buy Twitter on Thursday. Citing people with knowledge of the situation, the report said that Musk "has started cleaning house at Twitter with the firings of at least four top executives". The Twitter executives who were fired include Agrawal, Gadde, chief financial officer Ned Segal and general counsel Sean Edgett.
The dinner Jill Biden and her husband US President Joe Biden hosted for Indian prime minister Narendra Modi, June 22, at the White House brought together, Indians and Americans from so many firmaments.
A Delhi court on Monday sent to 14-day judicial custody the former managing director and chief executive officer of National Stock Exchange Chitra Ramkrishna in connection with the co-location scam case.
Tottenham Hotspur have appointed former Celtic coach Ange Postecoglou as their new manager on a four-year contract.
Delhi born and schooled Nand Mulchandani, who has more than 25 years of experience in Silicon Valley and at the Pentagon, has been appointed as the Central Intelligence Agency first-ever Chief Technology Officer.
Keep revising the sum insured at the time of renewal to keep it in line with inflation.
Over the course of the next two years, the former England international was able to engineer a turnaround in fortunes for the team, leading them to the 2018 World Cup semi-finals before their run to the final of the Euro 2020 tournament last year.
Counting of votes will be held on Sunday in assembly polls in Madhya Pradesh, Rajasthan, Chhattisgarh and Telangana in what is seen as a semi-final contest ahead of the general elections in less than six months.
The petitioners had sought interim order of protection from any coercive action and for the probe to be stayed in the case pending the hearing of their pleas.
The Reserve Bank of India on Monday said that RBL Bank is well capitalised and its financial position remains "satisfactory", amid speculations relating to the private sector lender in certain quarters in wake of recent events surrounding the bank. In a statement, the Reserve Bank of India (RBI) also said there is no need for depositors and other stakeholders to react to speculative reports. The bank's financial health remains stable, it said.
Etihad has high hopes from Jet Airways deal in which it bought out majority stake in 2013.
Musk has not yet offered details about how his content moderation council will work.
Maharashtra Minister Aaditya Thackeray on Thursday said the process of setting up a single planning authority for Mumbai is underway.
According to a source, the founders, which include Subroto Bagchi, N S Parthasarathy and Krishnakumar Natarajan (who together hold about 13 per cent), may look at selling their shares as well in the open offer that concludes on June 28.
Ajay Banga was on Wednesday appointed the next president of the World Bank, becoming the first-ever Indian-American to head the global financial institution which said it looks forward to working with him at a time when it's tackling the toughest development challenges facing developing countries. "The executive directors of the World Bank today selected Ajay Banga as president of the World Bank for a five-year term beginning June 2, 2023," the bank said in a press statement. In February, President Joe Biden announced that the US would be nominating Banga, 63, to lead the World Bank because he is "well equipped" to lead the global institution at "this critical moment in history."
In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
One thing is for sure: It smacks of the regulator's lack of confidence in the bank's board, points out Tamal Bandyopadhyay.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
He replaces Mark Pincus, the founder of the company.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
'You will really wish oh! Had I stayed in Dharavi I would have got a nice house. I can assure you that. We will make dreams come true.'
The former England pacer's first competitive assignment with the Sri Lanka national team will be the upcoming away Test series in Bangladesh.
Management and leadership changes, in addition to synchronising operations between all its airlines, are showing visible results for Air India. Data from the Directorate General of Civil Aviation (DGCA) show that there has been a marked improvement in key operational parameters of Air India after the Tata group took complete control of the national airline in January. One of the most dramatic improvements has been noticed in Air India's passenger load factor (PLF) - a crucial metric of capacity utilisation of an airline's fleet that shows how many seats it has been able to fill on every flight.
If Hockey India does not adopt a Sports Code-compliant Constitution at the earliest, the country runs the risk of losing the hosting rights of the Hockey World Cup, scheduled to be held from January 13 to 29.
Since Ramiz took over as PCB chairman last September he has made a lot of changes in the Board
CBI has made substantial progress in the investigation into the NSE co-location case where markets regulator Sebi has found violations of norms by the stock exchange as well as some of its former top level employees, Finance Minister Nirmala Sitharaman said on Tuesday. The government and Sebi have received some complaints in the matter of NSE co-location. In a written reply to Rajya Sabha, the minister said that during the investigation into the matter, it was noticed that certain stock brokers got preferential access to the trading system.
The government on Wednesday night issued a notification confirming the appointment of the management committee while removing Ramiz Raja, but the sitting chief selector Muhammad Wasim announced the squad for the NZ series.
Bravo is the highest ever wicket taker in the IPL, with 183 wickets from 161 matches.
WhatsApp's advantage is that it is the first app millions of Indian check first thing in the morning and innumerable times during the day and night.
Microsoft Chairman and CEO Satya Nadella along with Alphabet Inc and its subsidiary Google CEO Sundararajan Pichai are also among those from trade and industry who have been awarded the Padma Bhushan for their distinguished services.
The Enforcement Directorate has recently recorded the statement of former NSE managing director and chief executive officer Chitra Ramkrishna, lodged inside Delhi's Tihar jail, as part of a money laundering investigation against her and others, officials said Tuesday. The proceedings for recording the statement were conducted on two occasions inside the jail. The statement has been recorded under the criminal sections of the Prevention of Money Laundering Act (PMLA), they said. Ramkrishna is lodged in the Tihar jail after she was arrested by the Central Bureau of Investigation (CBI) on March 6 in the alleged National Stock Exchange (NSE) co-location scam case and investigation linked to other governance irregularities at the bourse.
Citing people with knowledge of the situation, the report said that some managers were being asked to "draw up lists of employees to cut."
In August, the central bank had announced that it will set up the Reserve Bank Innovation Hub (RBIH) to promote innovation across the financial sector by leveraging on technology and creating an environment that would facilitate and foster innovation.
