Incheon: Finance minister Nirmala Sitharaman on Thursday exuded confidence that the incoming World Bank President Ajay Banga will utilise his corporate world experience in pursuing the goals of the multilateral lending agency. Banga, 63, will take over as the President of the World Bank on June 2. He will succeed President David Malpass. “Hearty congratulations Ajay…
New Delhi: A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to “pre-occupation”, Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering…
New Delhi/ Mumbai: One scheduled airline on an average has gone out of business every year since private airlines took to the skies nearly three decades ago, with Wadia group-owned Go First being the latest carrier battling financial turbulence for survival. The first private airline to go belly up was East West Travels & Trade Link…
New Delhi: Connaught Plaza Restaurants, the licensee of McDonald’s restaurants for North and East India, plans to hire up to 2,000 people from underprivileged communities in the next three years, according to company’s Managing Director Rajeev Ranjan. This will be part of the company’s plan to hire 5,000 people in the next three years as it…
Mumbai: Benchmark indices ended lower on Wednesday, halting their eight days of rally, ahead of the US Federal Reserve’s interest rate decision and mixed global market trends. Robust equity buying by foreign institutional investors failed to stop the downward movement as fall in index heavyweights Reliance Industries, Tata Consultancy Services, Infosys and Larsen & Toubro weakened…
New Delhi: Gold price declined Rs 225 to Rs 60,075 per 10 grams in the national capital on Tuesday amid a fall in precious metal prices internationally, according to HDFC Securities. In the previous trade, the yellow metal had ended at Rs 60,300 per 10 grams. Silver also went lower by Rs 380 to Rs 75,600…
New Delhi: Around 39 per cent of families in a survey claimed to have experienced financial fraud in the last three years and only 24 per cent of them got their funds back, LocalCircles said in a report on Tuesday. The largest group of 23 per cent respondents in the survey indicated to have experienced…
New Delhi: Realty firm Advance India Projects Ltd (AIPL) will invest around Rs 600 crore to complete a 500-acre township project at Ludhiana in Punjab that was launched by another real estate developer Ireo group more than a decade ago but got stalled due to financial problems. The company has signed a contract with Ireo…
Mumbai: Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to “serial failure” of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned…
London: Sourabh Phadke, a Pune-born architect and teacher who has been named among the selected charity champions invited to attend the Coronation ceremony of King Charles III, says he is still absorbing the news and approaching it with the spirit of the unknown. The 38-year-old was chosen for his association and great success through the…
