The circular says even a day's delay in servicing loans would be now taken as a 'default'. And once in default, for loans above Rs 2,000 crore, the banks will have to arrive at a resolution within 180 days, else lenders will have to file an application under the IBC within 15 days.
Bala gets Murthy's open backing but it's an open field in this long run-up to Shibulal's handing over.
Other Health Food Drinks brands of GSK -- Boost, Maltova and Viva -- would come to HUL's portfolio by virtue of the merger, making it a leading player in the segment.
David, is set to join Hewlett Packard Enterprise as a senior VP for Enterprise Services Delivery.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
The Aditya Birla group, led by Kumar Mangalam Birla, has taken charge of its mutual fund joint venture with Sun Life Financial of Canada by buying 1 per cent stake from the latter.
Overall, Tata Steel becomes the seventh non-financial firm, including four oil PSUs to report quarterly revenues of Rs 50,000 crore.
According to a calculation by the government, India's airlines currently have 633 aircraft of which they may operate only 200.
India is not producing good jobs, but creating a lot of Rs 10,000-Rs 15,000 low-paid jobs which are not fancied by degree holders. Pai suggested that India adopt the Chinese model of opening up labour-intensive industries and building infrastructure near coasts, besides investing heavily in hitech R&D to meet the aspirations of job-seekers.
Apart from favipiravir and remdesivir, its key Covid-19 products, DRL has already launched nutraceutical products and hand sanitisers during the pandemic.
Milkha Singh, 92, best known as the 'Flying Sikh' and most remembered for finishing fourth in the 400m final in the 1960 Rome Olympic Games, was bestowed with the lifetime achievement award.
The list includes political leaders, corporate executives, NGO heads, top government functionaries and a first lady. Here, we present you the world's top 30 businesswomen.
He is the chief executive and managing director of the second largest private sector lender HDFC Bank
Hobbled by the European crisis, countries like France and Germany who once fiercely resisted offshoring IT jobs are increasingly doing so, sending coveted contracts India's way.
Hindustan Unilever Ltd, India's largest personal care product maker, on Tuesday reported a better-than-expected increase in its September quarter net profit and revenues, signalling a revival of demand following the world's biggest lockdown.
The COVID-19 pandemic has not only affected outpatient services, but also led to deferment of elective surgeries, and resulted in the loss of medical tourism, all of which would hit the FY21 financials.
Amid surging oil prices and depreciating rupee, Indian carriers are becoming frugal.
The company has not detailed out the geographies that would be impacted by the reductions. However, given that India accounts for the biggest share of the company's headcount, the impact of these layoffs is expected to be significant.
The company's revenues were up 21.7 per cent to Rs 9,858 crore (Rs 98.58 billion) in the second quarter from Rs 8,099 crore (Rs 80.99 billion) in the year-ago period, Infosys said in a BSE filing.
"The company has been in touch with the Securities and Exchange Commission (SEC) regarding the anonymous whistleblower complaints (anonymous complaints) and has learnt that the SEC has initiated an investigation into this matter. The company will cooperate with the SEC's investigation," Infosys said in a statement.
With a huge debt burden of Rs 22,758 crore, DLF is scrambling to sell non-core assets to give itself some breathing room.
Infosys Technologies will soon induct two of its top executives to its board, to fill the vacancies left by the resignations of human resources and administration director Mohandas Pai and co-founder K Dinesh.
The company said the committee, headed by independent director D Sundaram and assisted by independent legal counsel Shardul Amarchand Mangaldas & Co, and PricewaterhouseCoopers, found that the "allegations are substantially without merit".
Yahoo Inc has named Scott Thompson, who runs eBay's online payment unit PayPal, as its new CEO.
In the domestic segment, demand is currently led by rural markets, oil and gas, LPG and B2C segments like roofing and sheeting.
The Finland-based power plant and equipment company Wartsila Corporation today said it will reduce about 400 jobs globally in its support functions and information management services.
The country must adopt Singapore's three-pronged strategy of creating new jobs, redeploying displaced workers and constantly upskilling workers.
93 per cent Indians expect to see modest or substantial top-line growth at their companies.
Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.
Mahindra will serve as a mentor and sounding board for the managing director on issues to be presented to the board, especially in the areas of strategic planning, risk mitigation and external interface. In addition, he will be available to provide feedback and counsel to the managing director on key issues facing the enterprise.
Murthy's charges, he said, are patently false and slanderous.
Rediff reader Larry Rub, 40 from Dubai tells us how he adopted simple habits, changed his lifestyle and lost weight.
The Securities and Exchange Board of India (Sebi) has allowed Price Waterhouse to cross-examine some of the entities involved in the Satyam scam. The capital market regulator has, however, refused permission to cross-examine the erstwhile top brass of Satyam, including Ramalinga Raju (former chairman) and Vadlamani Srinivas (former senior vice-president & CFO).
My interest is to work with young entrepreneurs to build businesses and see if I can add value to the boards of other global companies.
The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
CEOs have complained that high interest rates have blocked their investment decisions. At the same time, customers are also deferring their purchases for new consumer durables, cars, and homes.
It plans to invest $6.9 billion in Australia.
About 65 per cent of the CFOs are positive about India's growth
This deal will make Music Broadcast, which currently operates 39 channels, the largest private FM Channel operator.
