MUMBAI: Markets regulator Sebi will endeavour to enhance transparency about its working including board disclosures, its chief Tuhin Kanta Pandey said on Friday. “Trust and transparency are crucial not only for regulated entities but also for functioning of Sebi as well. A transparent and accountable regulatory framework fosters confidence and clarity in the market,” Pandey…
MUMBAI: India’s forex reserves dropped by $1.8 billion to $638.7 billion in the week ended Feb 28, Reserve Bank of India said on Friday. The overall forex kitty had jumped by $4.8 billion to $640.5 billion in the previous reporting week. At the end of Sept 2024, the forex reserves touched an all-time high of…
MUMBAI: Reserve Bank of India (RBI) has approved the reappointment of Sumant Kathpalia as MD and CEO of IndusInd Bank for one year, instead of the three-year term recommended by the bank’s board. This is the second time the regulator has shortened his tenure from what was initially proposed by the bank’s board.In a filing…
BENGALURU: Ten years ago, MNC IT companies boasted six women at the helm. Prominent leaders included Accenture India’s chairman Rekha Menon, IBM’s Vanitha Narayanan, HP’s Neelam Dhawan, Capgemini’s Aruna Jayanthi and Intel’s Kumud Srinivasan. Back then, Meta (Facebook) was headed by Kirthiga Reddy. Several of these leaders managed firms with nearly 100,000 employees.Fast forward to…
NEW DELHI: The Centre on Friday appointed Vikas Kaushal, former India head of management consultancy firm Kearney, as chairman of state-run Hindustan Petroleum Corporation Ltd (HPCL).Kaushal becomes the first person from the private sector to be appointed as the head of a state-run oil company, indicating govt’s attempt to bring in outside talent through lateral…
NEW DELHI: The government on Friday appointed Vikas Kaushal, former India head of management consultancy firm Kearney (formerly known as A. T. Kearny), as chairman of state-run Hindustan Petroleum Corporation Ltd, after accepting the oil ministry’s suggestions for relaxations in eligibility criteria.Kaushal becomes the first person from the private sector to be appointed as the…
BENGALURU: Infosys circulated an internal memo to its banking financial services and insurance (BFSI) division’s project managers, emphasising the return-to-office (RTO) guidelines to ensure effective service delivery to clients. The division plans to roll out these guidelines to the remaining staff members in the coming days.“Of late, we have been having multiple delivery and security…
NSC and tax-saving FDs both qualify for Section 80C deductions up to Rs 1.5 lakh, but differ in interest taxation. (AI image) National Savings Certificate vs Bank Fixed Deposits: For tax-saving investments, National Savings Certificate (NSC) and bank tax-saving Fixed Deposits (FDs) stand out as preferred choices. These instruments guarantee returns, offer tax advantages under…
As companies in India grapple with both global and local challenges, Companies are facing dilemma between- manage compensation budgets and salary increases in 2025 or focus on cost overrun. According to Deloitte India’s Talent Outlook 2025 report, the average salary increment for the coming year is expected to be 8.8%, slightly lower than the 9.0%…
Rajneet Kohli (CEO & Executive Director Britannia Industries) BENGALURU: Britannia Industries’ CEO, Rajneet Singh Kohli, has resigned from the company to pursue an opportunity outside the firm. Kohli will be relieved from his duties on March 14, showed the stock exchange filing. Britannia is yet to announce his successor.The exit comes at a crucial juncture…
