Govt appoints Ashwani Kumar as MD of UCO Bank

New Delhi: The government on Wednesday appointed Ashwani Kumar as managing director of UCO Bank in place of Soma Sankara Prasad whose terms comes to an end. Kumar is currently an executive director of Indian Bank and prior to this, he served as Chief General Manager of Punjab National Bank. The central government appoints Ashwani Kumar…

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GDP grows 6.1 pc in March quarter, 7.2 pc in FY23

New Delhi: India’s economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday. Growth in the January-March period was higher than the 4.5 per cent expansion in the previous October-December quarter of 2022-23. The Gross Domestic Product (GDP) had expanded…

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Stalin urges Centre to resume direct flight connectivity between Chennai and Tokyo

Chennai: Tamil Nadu Chief Minister M K Stalin on Wednesday urged the Centre to re-introduce direct flight connectivity between Tokyo and Chennai and increase the number of flights from Singapore to Madurai. Writing to Union Civil Aviation Minister Jyotiradiya Scindia, Stalin said the direct flight service between Chennai and Tokyo, launched in October 2019 by All…

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India transformed in less than a decade: Morgan Stanley

New Delhi: India, under Prime Minister Narendra Modi, has transformed, gaining a position in the world order and becoming a key driver for Asia and global growth, said Morgan Stanley. In a report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since…

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