JSW Group on Monday announced the appointment of Gaurav Sachdeva as CEO of its e-commerce venture JSW One Platforms. "Gaurav Sachdeva takes over the role of CEO at JSW One Platforms after his successful tenure at JSW Ventures, where he led venture capital investments for the fund," JSW Group said in a statement. JSW One [...]
Digital payments firm Paytm expects that the issue of RBI ban on its subsidiary Paytm Payments Bank to onboard new customers would be resolved in 3-5 months after the clearance by the banking regulator to the processes being put in place. Paytm group chief financial officer Madhur Deora told PTI on Sunday that the RBI [...]
The board of IT services major Infosys has approved the reappointment of Salil Parekh as Chief Executive Officer (CEO) and Managing Director of the company for five more years, till March 31, 2027, according to a regulatory filing. This is based on the recommendations of the Nomination and Remuneration Committee (NRC) and subject to the [...]
The week started with a jump in the BSE Sensex, tracking gains in US markets and buying in index majors Reliance Industries and HDFC. The 30-share index was trading 488 points higher at 53,281.93 points. The Nifty was trading at 15,921.75 points, up 140 points. On Friday, the benchmark indices clocked sharp gains in a [...]
Public sector lender Punjab National Bank has said it earned over Rs 645 crore by levying ATM transaction charges on customers during the financial year 2021-22. Revenue earned by PNB from ATM transaction charges stood at Rs 645.67 crore in financial year 2021-22, the bank said in response to an application seeking information under the [...]
As the unrelenting heat wave sweeps across major parts of the country, demand for cooling products such as refrigerators, air conditioners, coolers and fans has shot up and sales have more than doubled this summer season, according to a report by Tata group consumer electronics goods retailer Croma. As per Croma's 'Unboxed Summer 2022' report, [...]
The Board of Sawaca Business Machines at its meeting held on 13 April 2022 had recommended the proposal for a stock split of its equity shares. Currently, these shares have a face value of ₹10 each and they are being split into shares of ₹ 1 each. The shares will quote on an ex-split basis [...]
Under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices that has also pushed inflation to a multi-year high. The excise duty cut will translate into a reduction [...]
Digital financial services firm One97 Communications, which operates under Paytm brand, on Saturday said it has formed a joint venture general insurance company in which it has committed to invest Rs 950 crore over a period of 10 years. The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by [...]
Infrastructure investment trust IndiGrid has posted over 45 per cent rise in its consolidated net profit at Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. The consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, a regulatory filing showed. [...]
