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27 Sep

Mukesh Ambani’s children will not get salary as Reliance’s Board of Directors

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Billionaire Mukesh Ambani's three children – Isha Ambani, Akash Ambani and Anant Ambani – will not get any salary as directors of Reliance Industries (RIL). A fee will be paid to attend their board and committee meetings in accordance with a resolution submitted by the company seeking shareholders' approval for their appointment to the board as non-executive directors. India's richest man Mukesh Ambani has been drawing zero salaries since FY21 and will continue to do the same for the next five years. “They shall be remunerated by way of remuneration for attending Board or Committee meetings or any other meetings…

25 Sep

Sanjeev Mantri appointed as MD & CEO of ICICI Lombard General Insurance

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Sanjeev Mantri has been appointed as the new Managing Director and Chief Executive Officer (CEO) of ICICI Lombard. Sanjeev Mantri, who is currently an executive director of ICICI Lombard General Insurance, will assume his new role from December 1, 2023 or from the date of IRDAI approval, whichever is later, for a period of five consecutive years. Minister joined ICICI Lombard in 2015 in the role of Executive Director. Earlier he was with ICICI Bank. The general insurer's latest move to appoint the minister as the company's MD and CEO follows the recent resignation of Bhargava Dasgupta as the company's…

25 Sep

Apple to increase production over 5 times in India in 5 years

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

According to a new PTI report based on government sources, Apple is expected to significantly increase its manufacturing operations in India fivefold over the next half-decade to around $40 billion, equivalent to Rs 3.32 lakh crore. A source within the government, who spoke on condition of anonymity, revealed that Apple had already passed the $7 billion production milestone in the previous fiscal year. “In the next 4-5 years, Apple plans to increase production in India to USD 40 billion. It crossed USD 7 billion in the last financial year,” the source told PTI. For those unfamiliar, Apple already manufactures iPhones…

23 Sep

PM Modi lays foundation stone of ₹450 cr cricket stadium

Priyanka Bhowmick0 CommentsIndia

PM Modi on saturday(23rd September 2023) laid the foundation stone of International cricket stadium in Varanasi. This stadium will be the third international stadium in Uttar Pradesh after Kanpur and Lucknow. The cricket superstars Sachin Tendulkar, Dilip Vengsarkar, Ravi Shastri and Sunil Gavaskar were also present at the event. The design of the stadium is based on the lifestyle of Lord Shiva, the stadium will have a crescent-shaped roof covers, trident-shaped flood-lights, ghat steps-based seating, Bilvipatra-shaped metallic sheets on the facade. The stadium will be constructed in a area of 30-acre, costing Rupees 450 crores. Around 30,000 spectators can be…

23 Sep

PM Modi to flag off nine new Vande Bharat trains

Priyanka Bhowmick0 CommentsIndiaIndia

Prime Minister Narendra Modi will flag off nine new Vande Bharat trains on various routes on Sunday. These include two services of South Central Railway (SCR), two in West Bengal, as well as one each in Odisha, Gujarat, Rajasthan and others. Union Railway Minister Ashwini Vaishnaw will also attend the inauguration ceremony, an official statement said. As the festive season begins, various trains are expected to offer passengers a smooth travel experience, providing a fast and convenient travel option. According to officials, the Kacheguda-Yesvantpur train service between Bengaluru and Hyderabad will be the fastest train between the two cities with…

23 Sep

Users claim Swiggy charges extra 3 rupees charges in orders

Priyanka Bhowmick0 CommentsBusiness, IndiaIndia

Swiggy, a food delivery aggregator faced sudden allegations of overcharging its platform users when purchasing food from restaurants. The issue was flagged by multiple on the social media platform 'X' (formerly Twitter), seeing an explanation of what customers thought. Angry users of the platform Swiggy took to micro blogging platform X to flag that they were being overcharged for their food orders from restaurants through Swiggy. Customers have flagged that Swiggy is charging the nearest full number and adding an extra ₹3 to the order price. Deepak Shenoy, founder and CEO of Capital Mind, also shared a similar experience on…

22 Sep

Rocky Aur Rani Ki Prem Kahani is now available on OTT

Priyanka Bhowmick0 CommentsBusiness, Entertainment, IndiaEntertainment

Rocky Aur Rani Ki Prem Kahaani was one of the hits of this year. Star director, Karan Johar returned to the big screen with a bang and showcased what he is all about by making movies. The OTT rights of the film have been acquired by Amazon Prime for a hefty price and started streaming for rent on Amazon Prime Video on September 8 for Rs 349. Now, the film has finally landed on Prime Video for its subscribers. Rocky Aur Rani Ki Prem Kahaani stars some of the biggest names in Indian cinema. Alia Bhatt and Ranveer Singh played…

22 Sep

DGCA suspends Air India’s chief of flight safety for 1 month

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

India's civil aviation regulator has suspended Air India's head of flight security for a month after a recent audit of the Tata Group-run airline found several deficiencies. The Directorate General of Civil Aviation (DGCA) conducted surveillance of the full-service carrier on July 25-26 in terms of internal audit, accident prevention work and availability of required technical manpower. As part of the audit, the regulator found that the accident prevention work carried out by the airline was deficient and that there was not the required number of technical staff under the flight safety manual and relevant civil aviation requirements. It was…

21 Sep

NVIDIA plans to train 50,000 Infosys employees to boost GenAI in enterprise

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Infosys Ltd stock was trading nearly percent lower at Rs 1,481 in early trade on September 21, with the Indian IT services player extending losses for a third straight session after announcing a partnership with NVIDIA to develop generative AI tools for the business. Infosys plans to set up an NVIDIA Center of Excellence where 50,000 employees will be trained and certified on the American chip giant's AI technology, the company said in a September 20 press release. NVIDIA's AI enterprise ecosystem of models, tools, runtimes and GPU systems will be brought to Infosys' AI-first offering Topaz as part of…

21 Sep

Arjun Mohan becomes Byju’s India CEO, replacing Mrinal Mohit

Priyanka Bhowmick0 CommentsBusiness, IndiaBusiness, India

Edtech firm BYJU's founding partner and CEO of India operations Mrinal Mohit has resigned for "personal reasons", the company said on Wednesday. BYJU's International Business CEO Arjun Mohan will take additional charge of heading country operations, it said. "Arjun Mohan takes over as (CEO of India operations). He succeeds Mrinal Mohit, founding partner and outgoing India business head of BYJU'S, who is embarking on a new journey to pursue personal ambitions," the company said in a statement. statement Mohan was part of the founding team of BYJU and earlier was the Chief Business Officer. He rejoined the company from an…