Krishnamurthy Subramanian Appointed As Executive Director At IMF
Former Chief Economic Adviser, on Thursday, was appointed as the Executive Director of India’s International Monetary Fund (IMF) for the period of three years, effecting from 1 November 2022 until further orders. Mr Subramanian, currently a Finance Professor at the Indian School of Business, will replace Surjit S. Bhalla, who was appointed in 2019 for…
Shipra Prajapati
Will India’s Vote Against Russia Will Impact Indo-Russian Trade?
On Wednesday, India voted against Russia for the first time in the UNSC (United Nations Security Council) during a legislative vote on the Ukraine issue. UNSC, a powerful UN body of 15 members, invited Volodymyr Zelenskyy, the Ukrainian President, to address a gathering through video conference. Before this, India refused to vote against Russia at…
Chinese Carmaker To Bring Electric SUV To Indian Market Soon
World’s largest electric vehicle company by volume ━ BYD ━ to step into the Indian mainstream electric vehicle market with an electric SUV. The electric car is expected to run on Indian roads in the upcoming festive season. According to the reports, Warren Buffet-backed, a Chinese electric vehicle manufacturer, which took over Tesla last year,…
Yash Sharma
Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line
Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control the majority of stake in a popular news channel New Delhi Television (NDTV). Hours after the announcement, NDTV issued a statement that the Adani Group’s move “was executed without any input from, conversation with, or consent of the NDTV founders. According to Adani…
John David
One97 Communication Approved Re-appointment Of Vijay Shekhar Sharma
The shareholders of One97 Communications, a brand that operates under Paytm, have approved the re-appointment of Vijay Shekhar Sharma as managing director and chief executive officer of the company. IiAS, an investors advisory firm, said that Vijay made several commitments in the past to make the company profitable; however, these have not played out. According…
RBI Plans To Levy Charge In Payment System, Govt Denies
The Union Finance Minister on Sunday said that the government is not considering levying any charge carried out through the Unified Payments Interface (UPI). This came amid speculation when the Reserve Bank Of India (RBI) planned to impose costs on the payment system, including UPI, NEFT and IMPS. The central government also said that other…
Airtel Appreciates Government For Allocating 5G Spectrum
Airtel Founder and Chairman Sunil Bharti Mittal have appreciated the government for allocating 5G Spectrum within a few hours of the initial payment. “No Fuss, No Follow Up, No running around the corridors and No tall claims. This is the ease of doing business at work in its full glory,” Mr Mittal said on Thursday….
Vipin Kumar
Ola Electric Aims To Build ‘World’s Largest Electric Vehicle Ecosystem At One Site’
Ola Electric’s CEO Bhavish Aggarwal has outlined an ambitious plan to build the ‘World’s Largest Electric Vehicle Ecosystem At One Site’. The plan will be executed in the Future Factory of Ola in Tamil Nadu. Ola decided to manufacture two-wheeler electric vehicles, including scooters & motorcycles, cars, and batteries to be used in electric vehicles….
Goodfellows ━ A Startup By Ratan Tata For Senior Citizens
Industrialist Ratan Tata announced on Tuesday to invest in the companionship startup ‘Goodfellows’ for senior citizens. It would be the first Indian startup that aims to encourage intergenerational friendship. At the launch of Goodfellows, Ratan Tata said, “You do not know what it is like to be lonely until you spend time alone wishing for…
KKR To Sell Entire 25% Stake In Max Healthcare, To Raise 9,000 Cr.
US Private equity major KKR, Kohlberg Kravis Roberts & Co., will sell its entire 25% holdings in the hospital chain Max Healthcare and is likely to raise Rs. 9,000 crores from the deal. KKR is an American global Investment company that manages multiple asset classes, such as private equity, real estate, credit, energy and infrastructure….
