MUMBAI: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank for one year, instead of the three-year term recommended by the bank’s board. This is the second time the regulator has shortened his tenure from what was initially proposed by the bank’s board.In a filing…
MUMBAI: Markets regulator Sebi will endeavour to enhance transparency about its working including board disclosures, its chief Tuhin Kanta Pandey said on Friday. “Trust and transparency are crucial not only for regulated entities but also for functioning of Sebi as well. A transparent and accountable regulatory framework fosters confidence and clarity in the market,” Pandey…
NEW DELHI: Sebi has issued a cautionary letter to Nestle India regarding an alleged breach of Insider Trading regulations by a high-ranking company official. According to a regulatory filing on Friday, Nestle India received an “administrative warning letter” from the Securities and Exchange Board of India (SEBI). The company has not revealed the identity of…
Chennai: Samsung India employees union on Friday withdrew its protest against the company after the latter agreed to allow them to rejoin work, thus ending the slew of protests, demonstrations. The company in a notice, posted outside its facility at Sunguvarchatram, said it would allow them back to work starting Saturday. However, it did not…
MUMBAI: The rupee finished the week on a strong note, closing at Rs 86.87 against US dollar, up 24 paise from the previous day’s Rs 87.11. This represented its best weekly performance in over two years, rising 0.7% week-on-week, as the dollar weakened against most major currencies. The greenback was on track for its worst…
India Inc is striving to reimagine workplaces, championing inclusivity, diversity, and gender parity in a highly disruptive, tech-driven world to spark a pink edge.Companies are ramping up efforts to attract and retain women talent with targeted leadership programmes, cutting-edge AI upskilling, and enhanced flexibility that nurtures work-life balance. In this drive for a more equitable…
MUMBAI: India’s forex reserves dropped by $1.8 billion to $638.7 billion in the week ended Feb 28, Reserve Bank of India said on Friday. The overall forex kitty had jumped by $4.8 billion to $640.5 billion in the previous reporting week. At the end of Sept 2024, the forex reserves touched an all-time high of…
NEW DELHI: The Centre on Friday appointed Vikas Kaushal, former India head of management consultancy firm Kearney, as chairman of state-run Hindustan Petroleum Corporation Ltd (HPCL).Kaushal becomes the first person from the private sector to be appointed as the head of a state-run oil company, indicating govt’s attempt to bring in outside talent through lateral…
MUMBAI: After a resurgent IPO run in 2024, startups are back to the drawing board, reassessing their listing plans amid choppy markets. Companies are considering reducing the issue size and are resetting their valuation expectations. Some are delaying IPOs and opting for private funding instead. Of the estimated 20 new-age companies planning IPOs this year,…
MUMBAI: The sensex rallied on the back of local buying for the second consecutive session. The index closed 610 points higher at above the 74K mark. In the last two sessions, the sensex has added 1,350 points or 1.9%. On the NSE, Nifty too followed a similar trajectory and closed 207 points up at 22,545…
