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Tamilnad Mercantile Bank seeks advice from RBI after MD & CEO quits

Sep 29, 2023

New Delhi, Sep 29 (IANS) S. Krishnan, Managing Director and CEO of Tamilnad Mercantile Bank vide his letter dated September 28 tendered his resignation citing personal reasons.The Board of Directors of the Bank in their meeting held on Thursday has accepted the resignation of S.Krishnan from the position of Managing Director & CEO of the Bank…

Advent picks Hyderabad for Cohance Lifesciences headquarters

Sep 29, 2023

Hyderabad, Sep 29 (IANS) Advent International, one of the largest global private equity firms, has chosen Hyderabad as the headquarters for its Cohance Lifesciences and plans to invest $2 billion.Telangana’s industry Minister K.T. Rama Rao…

Business

Navin Fluorine shares down 13% after resignation of MD

Sep 29, 2023

New Delhi, Sep 29 (IANS) Shares of Navin Fluorine slumped 13 per cent on Friday after the resignation of the company's Managing Director for personal reasons.Navin Fluorine was trading at Rs 3791.60 on BSE on Friday.“Radhesh R. Welling has…

Business

New Rolls-Royce engine for hybrid-electric flight completes successful first fuel burn

Sep 29, 2023

New Delhi, Sep 29 (IANS) A new Rolls-Royce small gas turbine that has been specifically developed to power hybrid-electric flight has successfully completed its first fuel burn. The engine has been designed using novel combustion technology…

Business

Sellers expect 15% jump in festive sales this year, ramp up ad spend

Sep 29, 2023

Bengaluru, Sep 29 (IANS) After a rocky first three quarters this year, online sellers, especially small ones, expect at least a 15 per cent jump in festive sales year-on-year, with the median growth figure of 26 per cent sales increase…

Business

Accenture’s weak guidance signals no revival in sight for Indian IT companies

Sep 29, 2023

New Delhi, Sep 29 (IANS) Accenture’s weak 1QFY24 guidance pushes out hopes of a second half recovery for India IT Services players, JM Financial Institutional Securities said in a report.Besides, a modest implied growth rate through 2HFY24…

Business

October usually a favourable month for equity markets

Sep 29, 2023

New Delhi, Sep 29 (IANS) The ‘sell on rally’ market construct is likely to change in October. October is usually a favourable month, both for the US and Indian markets. There are indications that this historical trend may play out this…

Business

realme announces its realme Festive Days sale, bringing offers on various smartphones starting from…

Sep 29, 2023

realme, the Most Reliable Smartphone Service Provider, today announced realme Festive Days sale bringing offers on the realme 11 Pro Series 5G

Business

French watchdog raids Nvidia offices over anti-competition concerns: Report

Sep 29, 2023

San Francisco, Sep 29 (IANS) Graphics chip giant Nvidia’s offices in France were raided by the country’s competition authority over concerns about anti-market practices, the media reported.According to a report from The Wall Street Journal,…

Business

US stocks sink amid brutal sell-off in Sep, but bond yields reach highest rate

Sep 29, 2023

New York, Sep 29 (IANS) Major US stocks dipped following a continued brutal sell-off in September as bond yields rose to a new 16-year high.US stocks moved further lower on Thursday as sell-off continued during the month of September amid…

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