Investors want stability, predictability of policy, judicial reforms: Tech Mahindra MD and CEO C P Gurnani
He expressed concern on recent statutory levies on the telecom sector and said that judicial reforms go hand in hand with ease of doing business. In an about 12-year-old case on revenue sharing, the Supreme Court recently upheld the government's stand and broadened the definition of adjusted gross revenue (AGR) for telecommunications companies to include non-core operations.
CBI registers case against Delhi based firm, Radikal Foods
The FIR says that an alleged loss of Rs. 819.48 crore(approx) as on April 1, 2018 ...
Thapar Group’s BILT in bankruptcy court
IDBI Bank has the largest exposure to the company with Rs 400 crore of loans outstanding.
NBCC ready with backup plan if it doesn’t get Rs 750 cr for Jaypee
The National Buildings Construction Corporation (NBCC) in its resolution plan, had put in a condition saying that it has the right to withdraw from the process in case Rs 750 crore along with the interest is not made available to it.
"Indian cities to add 100 new malls by 2022-end," says Anarock MD & CEO
According to MD & CEO of Anarock Retail, Anuj Kejriwal, top seven cities in India will see 69 new malls spread over 35.5 mn sq.ft. area while the remaining 31 malls over 13.5 mn sq.ft. will come up in tier 2 & 3 cities. East India will see a much more modest supply of seven new malls spread over approximately 3.5 mn sq. ft.
Challa Sreenivasulu Setty appointed MD of SBI
The Appointments Committee of the Cabinet has approved the proposal of the Department of the Financial Services for the appointment of Setty, currently serving as the deputy managing director of the SBI, in the key post.
Suresh Kishinchand Khatanhar takes charge as deputy MD of IDBI Bank
Suresh Kishinchand Khatanhar has exposure in retail banking business, priority sector lending, corporate banking (mid corporate and large corporate), service oriented functions such as trade finance and cross selling of various treasury products.
Next round of fundraising likely at end of 2020: Shyam Srinivasan, MD & CEO, Federal Bank
Given the external situation, our performance on most counts was something that we take heart from.
Sanjiv Chadha appointed MD, CEO Bank of Baroda; Atanu Kumar Das to head Bank of India
Sanjiv Chadha, who is at present Deputy Managing Director in State Bank of India, has been appointed to the new post for a period of three years, the order said. Lingam Venkata Prabhakar, Executive Director in Punjab National Bank, will be MD and CEO in Canara Bank, it said.
Inflation a monetary phenomenon: MD Patra
“Inflation expectations play a central role in setting and conducting monetary policy in modern times,’’ Patra wrote. “Over a finite time horizon, inflation expectations reflect the credibility of the monetary authority’s commitment to stated objectives. The effectiveness of monetary policy is likely to be greater if inflation expectations remain anchored.’’
Xiaomi India's MD hands over offline retail biz to COO; to focus on new areas
Xiaomi India's Managing Director Manu Kumar Jain would play a key role in deciding the Chinese electronic company's entry into newer global markets.
With 3 big exits, 2019 was marque year for Pierre Omidyar in India, says MD Roopa Kudva
The fund started by eBay founder Pierre Omidyar, which has been investing in India for 10 years now, claims to have touched the lives of 550 million Indians, having deployed $300 million. It intends to invest $350 million over the next five years.
Tata Metaliks had a stellar Q3 show in pig iron business: MD
The pig iron performance has been stellar, and the overall increase in profitability has almost doubled.
IRDAI chief cautions insurers against predatory pricing
"I would like to give a word of caution here. Though your (insurance brokers) share is very high in group health insurance, the loss ratio in group health insurance is also very high. Probably, it is not very sustainable at present," he said at an event organised by Insurance Brokers Association of India.
Sebi defers deadline by 2 years to split chairman & MD post
Top 500 entities were earlier required to separate chairperson & MD post from April 1, 2020.
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