chandakochhar-truecolumn Business Featured 

Chanda Kochhar goes on leave till probe ends, Sandeep Bakhshi as new COO

ICICI Bank CEO and MD Chanda Kochhar goes on leave till the completion of probe alleging against her in the charges of favouritism and conflict of interest, said by the Bank on Monday. Sandeep Bakhshi, group insurance head has been appointed as the Chief Operating Officer (COO) for the five years. The Bank released a statement where they said, “In line with the highest levels of governance and corporate standards, Ms Chanda Kochhar has decided to go on leave till the completion of the enquiry as announced on May 30,…

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inflation-truecolumn Business 

Inflation of vegetables climbed to 2.51%, fruits to double-digit at 15.40%

The wholesale Price Index breaks all record of the last 14 month and stood up at 4.43% on May this year due to increase in prices of petrol and diesel. Inflation of daily used vegetables rose to 2.51% while in case of fruits, the inflation was calculated in the double-digit figure of 15.40%. The wholesale inflation of the month of April stood up at 3.18% while it was just 2.26% during the month of May last year. The government related to the wholesale inflation was released today according to which…

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fuelprices-truecolumn Business 

Diesel Price cut by Rs 1.5 per litre, Petrol by Rs 2 per litre in 14 days

On the straight 14th day, Petrol prices were cut by 15 paise per litre and diesel by 10-11 prices thus decreasing the prices of diesel and petrol by Rs 1.5 per litre and Rs 2 per litre since May 29. The continuous changes in the fuel prices is due to the deregulation in the country and it is totally market-determined now. Any changes came as an effect from 6 am every day at the fuel stations. Price cut on the consecutive 14th day is confirmed by the Economic Affairs secretary…

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freewi-fi-truecolumn Business 

Google’s Free Wi-Fi finally completed at 400 railway stations

Google has finally completed its public Wi-Fi programme at 400 railway stations of the country on Thursday. The 400th station where Wi-Fi was installed is Dibrugarh, Assam. Google and the RailTel, the telecom arm of Indian Railways has signed an MoU in December 2015 to launch the free Wi-Fi service. In collaboration they started installing Wi-Fi in January 2016 with Mumbai Central as the first free Wi-Fi enabled station. As per the guidelines, Maximum thirty minutes of free internet access will be available and the average data consumption per session…

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merger-truecolumn Business 

Govt plans to merge Bank of Baroda, Central Bank, Oriental Bank of Commerce and IDBI Bank

The government is planning to merge the Four state-run banks including Bank of Baroda, Central Bank, Oriental Bank of Commerce and IDBI bank to combat the losses against them. If the merger process is further proceeded, the merged entity will be the second-largest entity after State Bank of India with an asset of about Rs 16.58 trillion. The main cause for the merger is to cut down the rise in bad loans in the government’s books which has crippled some of the banks to reduce the lending capability. If the…

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indiagdp-truecolumn Business 

India retains its position of fastest growing economy, GDP grows to 7.7% in Q4

The latest statistic brings good news for the Modi Government as India’s economy grows fastest in the seven quarters for the January-March quarter thus retaining the position of the fastest growing economy. The current ratings of more than expectation of 7.7% GDP is followed by the better performance in the manufacturing, public services, construction sector and other services. According to the economist, India’s GDP grows to 7.7% in the fourth quarter thus making India again as the fastest growing economy surpassing China to nearly a percentage point. Finance Minister Piyush…

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gopinathan-truecolumn Business 

Unlike others, TCS CEO Rajesh Gopinathan thinks faster industry’s growth

Many of the leading businessmen in the technology industry thinks that the best days were in the past and when it comes to the growth, India is facing challenging times now in the technology and service sector and the term layoff which was unheard in the past time occupies a common place now but TCS CEO Rajesh Gopinathan thinks differently and sees more growth in the industry now. Rajesh Gopinathan are a way contrast from his rivals and thinks that they aren’t thinking creatively enough to emerge from the services…

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airasia-truecolumn Business 

Air Asia CEO Tony Fernandes and others booked by the CBI for violating aviation norms

The CBI on Tuesday registered a case against the Air Asia CEO, Tony Fernandes and others for violating the aviation norms which is related to the license of International flying. The main accused regarding the violations of the aviation norms arise as Fernandes who lobby Government officials for relaxing the 5/20 rules which says that a company needs at least five years of experience in the aviation sector and should have 20 aircraft in order to get an international licence. Apart from the Tony Fernandes, other officials booked by the…

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sbi-truecolumn Business 

Good news for the job seekers, SBI to hire 10,300 employees this year

Here is some good news for the bank job seekers who were disheartened by the subtraction of jobs last year as the country’s largest lender, State Bank of India is planning to hire 10,300 employees before the end of March 2019. The announcement comes as effect in the reduction of 15,762 employees due to the digitisation and retirements. The corporate development officer at SBI, Prashant Kumar confirmed about the news of recruiting 2,000 Probationary officers and 8,300 clerical staff. Kumar said, “Basically, we are replacing only about 75 percent of…

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petroldiesel-truecolumn Business National 

Petrol, diesel hits all-time record high prices, varies from state to state

Petrol and diesel prices hits a new record on Sunday after the continuous rise in the international market. The trend of increase in the petrol and diesel is still continued since the past four weeks. However, fuel prices vary from state to state according to the incidence of local sales tax or VAT. Petrol prices in Delhi touched to a new height of Rs 76.57 per litre while the diesel price is at a peak of Rs 67.82 per litre. The surge in the petrol prices is mainly recorded in…

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