Paytm Payments Bank has received banking regulator RBI's nod to appoint Surinder Chawla as its Managing Director and CEO, the company said in a statement on Sunday. The RBI, however, continues to bar Paytm Payments Bank from on-boarding new customers. "Paytm Payments Bank Limited (PPBL) has appointed veteran banker Mr. Surinder Chawla as its new Managing [...]
Serum Institute of India chief executive officer Adar Poonawalla on Sunday said its Covovax vaccine will get approval as a booster in the next 10 to 15 days, adding it works very well against the Omicron variant of coronavirus. Speaking to reporters on the sidelines of an event at Bharti Vidyapeeth University here, Poonawalla, when [...]
A consortium of alternative investment firm Varde Partners and institutional asset manager Arena has submitted a revised bid for the debt-laden Srei group entities after its previous plan was termed as "non-compliant", sources said on Sunday. Plans of the resolution applicants will be put up for voting after submission of a viability report by Dun [...]
The government has received multiple preliminary bids for strategic sale of about 61 per cent stake in IDBI Bank. "Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey tweeted. The transaction will now move to [...]
Private telecom company Reliance Jio launched 5G internet service in Jaipur, Jodhpur and Udaipur on Saturday. Rajasthan Chief Minister Ashok Gehlot formally launched Jio's 5G internet services in these cities. During the inaugural event, the chief minister said that this service is a revolutionary step in the field of information technology and telecommunication. With this, [...]
The National Company Law Tribunal (NCLT) has on Friday admitted the insolvency plea filed against Future Supply Chain Solutions Ltd (FSCSL). Future group firm FSCSL in a regulatory filing said the Mumbai bench of NCLT has allowed the plea filed by DHL E-commerce (India) Pvt Ltd, claiming default. "NCLT has pronounced its Order today i.e. [...]
Reliance Jio has launched 5G services in Gwalior, Jabalpur, Ludhiana and Siliguri, taking the total number of cities to 72. Jio has announced plans to launch its "True 5G" services in every town, taluka of India by the end of December 2023. "The launch strengthens Jio True 5G coverage in Madhya Pradesh, close to unveiling [...]
Coal India arm MCL on Friday said Subhadra mining project in Angul district of Odisha, having a capacity of 25 million tonnes per annum (MTPA), is advancing towards production. The project is being developed under Mine, Developer and Operator (MDO) mode. In a statement, Mahanadi Coalfields Ltd (MCL) said that under MDO mode the company [...]
No-frills carrier IndiGo on Friday said its fleet size has grown to 300 aircraft, which will help it cater to the growing passenger volume amid the recovery in travel demand and growth in 2023. Besides operating Airbus A320 NEO and A320 CEO aircraft along with A321 Neo, the Gurugram-based airline's fleet also has regional jets [...]
E-commerce company Amazon plans to lay off around 1,000 employees in India as part of its biggest retrenchment exercise across the globe, according to sources. The company has announced the elimination of over 18,000 roles across the globe due to uncertain economic conditions. "The decision to eliminate 18,000 job roles across the globe will impact [...]
