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Four directors of Dish TV vacate as appointment not approved by shareholders

Dec 27, 2023

New Delhi, Dec 27 (IANS) Dish TV announced last week that on the basis of the votes cast by the shareholders of the company at their Extra Ordinary General Meeting held on December 22, four directors of the company have vacated their offices. These include Shankar Aggarwal, Independent Director, Aanchal David, Independent Director; Rajesh Sahni,…

Reschedule or cancel tickets at no extra cost, says Air India amid dense fog & poor visibility

Dec 27, 2023

New Delhi, Dec 27 (IANS) Tata owned Air India on Wednesday announced that passengers flying to and from Delhi airport during the winter season will be allowed to reschedule or cancel their bookings at no extra cost if their flight is likely…

Business

IPO-bound FirstCry’s losses surge to Rs 486 cr in FY23, revenue at Rs 5,632 cr

Dec 27, 2023

New Delhi, Dec 27 (IANS) Mother and child care e-commerce platform FirstCry, likely to file a draft paper for its IPO soon, reported Rs 5,632 crore revenue from operations in FY23, while its losses surged over six times to Rs 486 crore from…

Business

SBI hikes interest rates on FDs

Dec 27, 2023

New Delhi, Dec 27 (IANS) The State Bank of India (SBI) has raised interest rates on certain fixed deposits (FDs) by up to 0.5 per cent with immediate effect. The bank has hiked the interest rate on deposits maturing between 7 days to 45…

Business

Hiring in Indian IT sector likely to see turnaround with 8-10% growth in 2024

Dec 27, 2023

New Delhi, Dec 27 (IANS) The Indian IT sector, which has seen contraction in hiring amid global economic slowdown and funding winter, is likely to witness a positive turnaround with 8-10 per cent increase in hiring in 2024, a new report…

Business

Wipro files law suit against ex-CFO in B’luru court, Jatin Dalal seeks arbitration

Dec 27, 2023

Bengaluru, Dec 27 (IANS) The Bengaluru-based corporate giant Wipro has filed a lawsuit against its former Chief Finance Officer (CFO), Jatin Dalal, in the Bengaluru Civil Court. In turn, Dalal, presently with Cognizant as CFO, has submitted…

Business

Hindalco leads rally in metal stocks

Dec 27, 2023

New Delhi, Dec 27 (IANS) Metal stocks are up in trade on Wednesday led by Hindalco which gained more than 3 per cent.BSE Metal index is the top gainer with Hindalco up 3.13 per cent. Other metal stocks also gained with SAIL up more than 1…

Business

Coromandel says normalcy restored after ammonia leak at Chennai plant

Dec 27, 2023

New Delhi, Dec 27 (IANS) Coromandel International said on Wednesday that normalcy has been restored at its Ennore Plant in Chennai after reports of an ammonia gas leak. “As part of routine operation, we noticed abnormality on 26/12/2023 at…

Business

RBI comes out with draft to simplify licensing norms for money changers

Dec 27, 2023

Mumbai, Dec 27 (IANS) The Reserve Bank of India (RBI) has come out with a set of new draft norms aimed to simplify and rationalise the authorisation of money changers for facilitating foreign exchange-related services.The review of the…

Business

Adani Green completes JV with TotalEnergies, raises USD 300 mn

Dec 27, 2023

New Delhi, Dec 27 (IANS) Adani Green Energy Limited (AGEL) on Wednesday announced the completion of the 1,050 MW joint venture (JV) with TotalEnergies.As part of the JV, TotalEnergies invested USD 300 million in AGEL subsidiary, for…

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