BUSINESS
'Airline should have acted swiftly': Tata Sons Chairman anguished over urinating incident
N. Chandrasekaran said that the Tata Group and Air India will review processes to prevent any such incident in future. "The incident on Air India flight AI102 on November 26, 2022, has been a matter of personal anguish to me and my colleagues at Air India," Chandrasekaran said in a statement on Sunday. Air India on Saturday had issued show cause notices and de-rostered four cabin crew and one pilot pending investigation.
Paytm Payments Bank appoints veteran banker Surinder Chawla as MD, CEO
"His rich experience in banking and deep understanding of the Indian financial landscape will bring the necessary expertise to further empower Paytm Payments Bank's mission," said Vijay Shekhar Sharma, Chairman of Paytm Payments Bank Board. Chawla has worked across marquee institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank.
I am what I am - because I never over think the choices in front of me: Gautam Adani
"I firmly believe that India holds the potential to build a 100 Adani Groups. And there could be no better place than India to be an entrepreneur today," he said. Addressing an event in Palanpur where Adani recounted his journey, he said that first-generation entrepreneurs mostly start with a unique advantage - the advantage of having nothing to lose.
'Airline should have acted swiftly': Tata Sons Chairman anguished over urinating incident
He said that the Tata Group and Air India will review processes to prevent any such incident in future. "The incident on Air India flight AI102 on November 26, 2022, has been a matter of personal anguish to me and my colleagues at Air India," Chandrasekaran said in a statement on Sunday.
Iran's exports to Saudi Arabia witness rapid growth in 2022 amid detente
Iran's customs administration on Saturday said during the period from the Iranian New Year that fell on March 21 to November 1, 2022, the value of Iranian exports to Saudi Arabia reached $14.71 million, which is a record high since Riyadh cut diplomatic ties with Tehran in 2016
Unemployment hits 50-year low in US, but inflation is bent but not broken
"Today's report is great news for our economy and more evidence that my economic plan is working. The unemployment rate is the lowest in 50 years. We have just finished the two strongest years of job growth in history. And we are seeing a transition to steady and stable growth that I have been talking about for months," Joe Biden said.
'Multiple Expressions of Interest received for IDBI Bank stake'
"Multiple Expressions of Interest received for the Strategic Disinvestment of Govt and LIC Stake in IDBI Bank. The transaction will now move to the second stage," tweeted Tuhin Kanta Pandey, Secretary, DIPAM. The Central government and the Life Insurance Corporation of India hold 45.48 per cent and 49.24 per cent stake respectively, in the IDBI Bank.
Infra, semiconductor, domestic manufacturing some strategic priority sectors: Piyush Goyal
In his address at the 27th edition of Wharton India Economic Forum, held virtually, with the theme of India leading innovation in the age of uncertainty, Goyal, citing the most impactful economic reforms that will pave the way for India's growth story in coming years, said a lot of structural changes that have taken place in the last eight years have had a significant impact on the way the Indian economy is poised to take off.
BMW launches two new models including EV
The BMW 740i M Sport is locally produced at BMW Group Plant, Chennai while the all-electric BMW i7 xDrive60 is available as a completely built-up unit (CBU), BMW India said. According to the company, the diesel variant will be introduced later. While bookings for the two models can be done at the dealerships, deliveries will begin in March 2023.
LG Electronics Q4 operating profit down 91.2% in Q4
Revenue increased 5.2 percent on-year to 21.85 trillion won, marking a quarterly high, according to the earnings guidance released by the company. But it did not release the data for net income. The operating profit was 79.5 percent lower than the average estimate,
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