Akasa Air Shares First Picture Of Boeing 737 Max Plane
Rakesh Jhunjhuwala-backed Akasa Air has shared the first picture of its Boeing 737 Max Plane. Akasa Air is expected to receive its first plane by mid-June and plans to launch its operations in July, after a delay of almost two months. The airlines released the first picture of the Max plane from the Boeing production…
Himanshu
Realtors Welcome Reduction in Import Duty On Raw Materials
The real estate experts have declared the government’s announcement for the calibration of custom duty on specific products and raw materials of steel and iron a timely move. They expect that this move will help boost the availability of raw materials domestically. Moreover, the real estate developers said that a decrease in import duty of…
Sumit
PN Vasudevan Resigns As MD And CEO Of Equitas Bank
Equitas Small Finance Bank’s managing director and chief executive officer, PV Vasudevan, informed the board about his resignation on Thursday. Vasudevan is the founder of the Equitas Small Finance Bank. The board, in its meeting on 19th May, has taken the letter on record and wishes to take his deep contribution over the years on…
Aman Goyal
Alisha Torrent Appoints Purna Sadashiv As Head Of HR
Alisha Torrent Closures India Pvt. Ltd., the metals and chemical products manufacturing company has appointed Purna Sadashiv as Head of Human Resources. Featured in “The Best HR Leaders in 2022” edition of TradeFlock magazine, Purna Sadashiv was previously serving Genus Innovation Limited as Head of Human Resources. He is an accomplished human resources specialist with…
Vipin
Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million
Jack Ma’s firms, Alibaba and Ant Financial, back off from Paytm and have sold their 43.3% stake to the company for just $5.5 million (around Rs. 42 crores). In the last round of funding in 2020, the company was valued at $3 billion. From the combined 43.3% stake, Alibaba had 28.35%, and Ant Financials owned…
US and EU To Announce Joint Efforts For Semiconductor Supply
The United States and the European Union, on Monday, plan to announce a joint effort to identify semiconductor supply disruptions and counter Russian disinformation, officials said. The U.S officials are visiting the French scientific hub of Saclay for a Trade and Technology Council meeting, created last when China increasingly exerted its technology clout. U.S Commerce…
Adani Becomes India’s Second-largest Cement Producer
Asia’s richest person, Adani, became the second-largest cement producer in the country after acquiring 63.19% of Ambuja Cements Ltd. and its subsidiary ACC in Fierce bidding with local companies. Adani acquired a controlling stake in Holcim AG’s cement business for a $10.5 billion deal, said Adani group on Sunday. With this, the Adani group became…
Campbell Wilson Appoints As CEO & MD Of Air India
Tata Sons announced the appointment of Campbell Wilson as CEO and MD of Air India. The Mumbai-based conglomerate completed its acquisition of the state-owned national carrier in January. Since then, the position has been vacant, and the company has been searching for a person to lead the airlines. The decision comes after the appointment of…
Tiger Global Invests $2.6M In eCommerce Startup Shopflo
eCommerce startup Shopflo, on Wednesday, said it raised $ 2.6 million as part of an initial funding round led by Tiger Global. Better Capital and a Pool of Angelic in investors from the Indian Startup are two other startup ecosystems that participated in the funding round. After this funding round, Shoplfo becomes one of the…
Indian Fintech Company BharatPe To Overhaul Governance Framework
Indian payment startup BharatPe said on Tuesday that its board had recommended several measures following corporate governance issues, including the termination of several employees & vendors and filing criminal cases for misconduct. BharatPe, a Fintech and IPO-hopeful company, allows people to make payments through QR codes. It had initiated a corporate governance review in January…
