BUSINESS
World Bank's Barjor Mehta appointed President of CEPT University
Sanjay Lalbhai, Chairperson of the Governing Body, welcomed Barjor Mehta, stating: "As a successful professional with global experience in urban planning and development, I am confident that he will carry forward the legacy and lead the institute to newer horizons."
India-UAE bilateral trade grew 20% in 2022-23
This was stated by Secretary, Department for Promotion of Industry and Internal Trade (DPIIT) Rajesh Kumar Singh, who along with UAE's Minister of State for Foreign Trade Thani bin Ahmed Al Zeoudi on Monday jointly inaugurated the events to commemorate the first anniversary of the implementation of CEPA, in Abu Dhabi.
Indian Bank logs Rs 5,281.70 cr net, to raise about Rs 7,000 cr funds
Indian Bank said it closed FY23 with an after tax profit of Rs 5,281.70 crore (previous fiscal Rs 3,944.82 crore) on a total income of Rs 52,085.27 crore (Rs 45 771.67 crore). The bank Board has approved a capital raising plan of Rs 7,000 crore - Rs 4,000 crore equity from rights issue and other modes and Rs 3,000 crore as AT 1/Tier-2 capital issuing bonds.
Air India urination case: SC issues notice on victim's plea seeking guidelines on unruly behaviour
The plea stressed on explicit zero tolerance policy with respect to "unruly/disruptive behaviour", which could mandate reporting it to the law enforcement, failing which action would be taken against airlines in all cases. A bench, headed by Chief Justice of India D.Y. Chandrachud and comprising Justices P.S. Narasimha and J.B. Pardiwala, issued notice to the Centre, the DGCA and all airlines, including Air India.
Early warning signal mechanism needs to be strengthened to insulate economy from global shocks: FM Sitharaman in FSDC meeting
During the 27th meeting of the FSDC, presided over by Finance Minister Nirmala Sitharaman, it was noted that though the Indian economy is well insulated from global shocks and spillover effects of the prevailing geopolitical situation, there is a need to be cautious and therefore early warning signals mechanism needs to be evolved in order to be alert to any fiscal risks, sources privy to developments said.
Coal imports rose 30% to 162 million tonnes in 2022-23: Report
The report further said that coking coal imports also rose by 5.44 per cent to 54.46 million tonnes in 2022-23 as against 51.65 million tonnes in 2021-22. The publication went on to add that in March, non-coking coal imports were at 13.88 million tonnes as against 12.61 million tonnes during corresponding period of last year.
Indian corporates too can apply brakes on 'dollar colonialism'
"As regards India, dedollarisation is a gradual journey or a slow process. The US dollar has creeped into our corporate lexicon in a subtle way -- say, in terms of denoting the financial numbers, market size and others," a credit rating industry official told IANS preferring anonymity.
Go Airlines got premium refund for grounded aircraft
The airlines' total fleet size is 54 aircraft, out of which 27 have been grounded for more than a year, Kaushik Khona, Chief Executive Officer, Go Airlines, told IANS. "Last year, we got a refund of the premium paid for covering the aircraft hull. The refund was about 70 per cent. The insurer was New India Assurance," Khona told IANS.
Air India extends VRS offer for its employees till May 31
According to Air India, the permanent general cadre officers who have attained the age of 40 years or above and completed a minimum of five years of continuous service at the airlines are eligible for the offer. Also eligible will be clerical and unskilled categories of employees who have completed a minimum of five years of continuous service.
Gieom's Ops and Risk Central is now available on Temenos Exchange
Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
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