The Rise and Fall of Chitra Ramkrishna, NSE Chief
Chitra Ramkrishna, a Chartered Accountant by training, was associated with NSE in a leadership position since its inception in 1991. She was also the Managing Director and CEO of the NSE from April 2013 to December 2016. These days Ramkrishna is trending for rise and fall in her career. Look at every detail here. Chitra…
John David
ABG Shipyard Insolvent: India’s Biggest Bank Fraud Unravels
A single event unfolds the most horrifying fraud in the history of Indian banks. ABG shipyard was accused of serious debt of Rs 22,842 crore from 28 banks between the course of 2012 and 2017. The news came into the limelight recently unravelling the biggest scam with Indian banks. Big faces like SBI, ICICI and…
Ilker Ayci Appointed As New MD & CEO Of Air India By Tata Group
A recent tweet by air India announced the appointment of Ilker Ayci as a new managing director and CEO of Air India. Last month the TATA Group took over the airline from the government. The TATA group was looking for an experienced person, due to which they interviewed many potential candidates including some American and…
Vedanta, With Foxconn, iPhone Maker, To Produce Chips In India
Foxconn, an iPhone assembler company, stated on Monday that it has partnered with Indian conglomerate Vedanta Ltd to produce chips or semiconductors in the South Asian country. With this, the electronic giant is looking to diversify its business amid the global chip shortage. Vedanta is one of the world’s leading diversified natural resources companies, mainly…
LIC IPO: Key Things To Know About The Highest IPO In India
LIC, Life Corporation of India, the country’s largest and most reliable issuance company, is to shake the stock market with the highest IPO, Initial Public Offering, to raise up to 65,000 crores, making it the biggest listed financial service provider after HDFC bank. The government plans to sell 5% of its stake in the IPO,…
RBI Decided To Keep The Interest Rates Unchanged to 4%
RBI Monetary Policy February 2022 has announced on Thursday. The Reserve bank kept the interest rate unchanged to 4% and decided to continue with its accommodative stance in the backdrop of an elevated level of inflation, announced by RBI Governor Shrikanta Das in the MPC meeting. He added that RBI will maintain an accommodative stance…
SBI Disburses Rs. 1.12 Lakh Crore Home Loans Until January FY22
SBI (State Bank Of India): The Bank has disbursed 1.12 Lakh Crore loans until January before the FY22 ends. The bank records the highest number of loans in this financial year and crosses pre-COVID records as the demand for housing in the hinterland surged. This is a 20% growth over the corresponding period in FY21. …
SJVN Plans to Install 10,000 Solar Projects in Rajasthan
SJVN, Satluj Jal Vidyut Nigam, is looking to develop 10,000 MW solar projects, with the investment of 50,000 Cr. in the next five years in Rajasthan. The company has submitted the Letter of Intent (LoI) to the Government of Rajasthan. According to the reports, the government has accepted the proposal, and MoU will shortly sign…
Trident Appoints Pooja B Luthra as Group Chief HR Officer
Trident, a home textile company, has appointed Pooja B Luthra as Group Chief Human Resource Officer. Pooja did her Post Graduation in Global Business Operations from Shri Ram College of Commerce and Masters in Organisational Psychology from the Chicago School of Professional Psychology. Luthra has two decades of experience in leadership. In her extensive career,…
IISc Commissions Param Pravega: Country’s Most Powerful Supercomputer
The national supercomputing mission (NSM) has launched one of the most powerful supercomputers in India. The computer is designed by the C-DAC ( Centre for Development of Advanced Computing). The software development and components of the supercomputer are manufactured and assembled in India itself. The supercomputer is named Param Pavega. Param Parvega is commissioned in…