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Chandrasekaran conducts major reshuffle in Air India’s top management

New Delhi, Apr 15 (PTI) Air India Chairman N Chandrasekaran Friday effected a major reshuffle in the top management of recently-acquired airline, with Nipun Aggarwal appointed as Chief Commercial Officer and Suresh Dutt Tripathi as Chief Human Resources Officer.Aggarwal, who is also Senior Vice President at Tata Sons, replaces Air India veteran Meenakshi Malik, while [...]

IDBI Bank seeks shareholders nod for 10-fold hike in MD & CEO salary

New Delhi, Apr 15 (PTI) Private lender IDBI Bank has proposed a nearly 10-fold hike in the salary of its managing director and CEO Rakesh Sharma who had been instrumental in bringing the bank out of the RBI's restrictive prompt corrective action (PCA) framework. The bank has sought the approval of its shareholders through a [...]

Mobile retailers’ body to seek govt intervention against e-commerce onslaught

Kolkata, Apr 15 (PTI) A leading mobile retailers' body has claimed that “unethical and monopolistic business practices” of online sales platforms are ‘jeopardising’ the future of 1.5 lakh brick and mortar smartphone retailers across the country and that it will seek govt intervention.In such a situation, the survival of small retailers is at stake, the [...]

Pharma industry must focus on generic, better link between input and output: Goyal

Mumbai, Apr 15 (PTI) Union Commerce and Industry Minister Piyush Goyal on Friday asked the domestic pharmaceutical industry to strengthen its generic medicine sector and ensure better linkage between input and output of products to become self-reliant. Speaking at an event hosted by the Indian Drug Manufacturers' Association to commemorate its Golden Jubilee celebrations here, [...]

Sri Lanka starts fuel rationing amidst severe economic crisis

Colombo, Apr 15 (PTI) Sri Lanka's state-owned petroleum corporation announced fuel rationing for vehicles with effect from Friday, as a historic economic crisis roils the country. According to the Ceylon Petroleum Corporation (CPC) statement, now motorcycles and other two-wheelers can purchase fuel upto worth Rs 1,000 per visit to a fuel station. Similarly, three-wheelers can [...]

Foundry industry aiming to double mkt size to USD 32 bn in 7 yrs: IIF

New Delhi, Apr 15 (PTI) The domestic foundry industry is aiming to double its market size to USD 32 billion and annual production capacity to 21 million tonnes (MT) over the next 5-7 years, industry body IIF said on Friday. The industry is also expected to attract investment of Rs 500 crore from domestic and [...]
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