Ranjan Mathai Jet Airways board as independent director quits his post

MUMBAI:  Former diplomat Ranjan Mathai has resigned as an independent director of jet airways  to his other commitments. Mathai, who is the former Indian Foreign Secretary and Indian High Commissioner to the UK was onboard since March 2017. “I am no longer able to devote the time required to meet my obligations, as an independent director on the Board […]

Continue Reading

Half of India’s ATMs may close down by March 2019 warns CATMI

MUMBAI: Nearly 50 per cent of the Automated Teller Machines (ATMs) may be shut down by March 2019  due to unviability of operations,  and may lead to the closure of half of the 2.38 lakh machines in the country by March 2019, the Confederation of ATM Industry (CATMi) has warned.on Wednesday. Currently, India has approximately 2,38,000 […]

Continue Reading

Bhanu Choudhrie: Entrepreneur with bright imaginings

London: The executive director of C&C Alpha Group Ltd. since 2001, Bhanu Choudhrie has received many awards for his hard work and contribution to political and public life is a successful British Indian entrepreneur. C&C Alpha Group Ltd. is a UK based company with worldwide investments in healthcare, hospitality, aviation, utilities, and agribusiness. It has […]

Continue Reading

Commonwealth Games England: Bhanu Choudhrie spearheaded fund-raising campaign

Former Asian Entrepreneur of the Year, Bhanu Choudhrie was appointed by Commonwealth Games England as a non-executive director. The 34-year-old is a founder and executive director of C&C Alpha Group, a United Kingdom based holding company with investments in healthcare, aviation, real estate, hospitality and utilities spearheaded the fundraising efforts of the prestigious Commonwealth Games […]

Continue Reading

Reports: Tata in active talks to buy majority stake in Jet Airways

Indian conglomerate Tata Sons is in active talks to acquire a controlling stake in Jet Airways, four people aware of the talks told Reuters, in what could potentially be a lifeline for the debt-laden carrier. Tata is very interested in Jet but it is not at a stage of conducting due diligence or looking through […]

Continue Reading

Estonian joint venture for e-governance set up by Mukesh Ambani

Tallinn/Mumbai: Industrialist Mukesh Ambani is keen on the e-governance space and has set up a subsidiary company in Estonia to get a grip on the solutions, government officials of the Northwestern European nation have said. Ambani has formed a subsidiary with the Estonian government’s former chief information officer Taavi Kotka. The joint venture will be looking […]

Continue Reading

Reliance via blockchain receives India’s first LC payment

Mumbai: In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals, RIL said in a press release. “The use of blockchain offers significant […]

Continue Reading

Paytm Founder Breaks Silence on Extortion Case, As Accused’s Family Claims Professional Rivalry

NEW DELHI: The recent extortion episode involving Paytm Vice-President of Communication, Sonia Dhawan breaking his silence on the episode, the Paytm founder has said that truth will come out soon. “I’m stunned and want to figure out the truth. I have always believed her (Sonia Dhawan, his secretary and one of the accused). It is possible […]

Continue Reading

Fuel price: Petrol costs Rs 84/litre in Delhi, Rs 91.34/litre in Mumbai

A day after it remain unchanged, fuel prices Thursday hit a new high as petrol rates increased by Rs 0.15 per liter and diesel rates increased by Rs 0.20 per liter in the national capital. While petrol is being sold at Rs 84 per liter, diesel is being sold at Rs 75.45 per liter. In Mumbai, […]

Continue Reading