Mumbai: Reliance Industries Ltd has appointed Srikanth Venkatachari as chief financial officer effective June 1, according a late evening release by the company. He takes over from Alok Agarwal, who has been CFO since 2005, and will now assume the role of senior advisor to Reliance Chairman Mukesh Ambani. Mr Venkatachari is currently the joint … Read More “Srikanth Venkatachari Becomes New CFO Of Reliance Industries” »
Indian defence stocks have been on a steady rise. (File) Over the past one year or so, ever since Russia made its sinister intentions clear after invading Ukraine, the world has woken up to the possible threats of autocratic military powers. The lesson that India learnt the hard way was it needed to be self-reliant … Read More “Top Defence Stocks To Watch Out As India Approves Rs 70,500-Crore Order” »
Unlike the global economy, India would not slow down and maintain the pace of expansion achieved in 2022-23, an RBI (Reserve Bank of India) article said on Tuesday. “We remain optimistic about India, whatever the odds,” said the article on the state of the economy published in the March edition of the Reserve Bank bulletin. … Read More “Unlike Global Economy, India Would Not Slow Down: RBI Deputy Governor” »
Last September, Boeing had projected India’s air traffic growth at around 7 per cent through 2040. (File) Mumbai: US aircraft maker Boeing has said India may require 31,000 pilots and some 26,000 mechanics over the next 20 years amid the growing order book of the aircraft original equipment manufacturers. Speaking on the sidelines of a … Read More “India Could Require 31,000 Pilots Over Next 20 Years: Boeing” »
Turkish Airlines CEO & Board Member Bilal Eksi pitched for more cooperation with Indian carriers. (File) New Delhi: Turkish Airlines is looking for cooperation with Air India as the carrier looks to expand in the Indian market, a top executive said on Tuesday. At present, Turkish Airlines is closely cooperating with IndiGo, including a codeshare … Read More “To Expand In Indian Market, Turkish Airlines Looking To Cooperate With Air India” »
S&P Global also downgraded First Republic deeper into junk status, citing liquidity risks. (File) Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group’s state-backed takeover of Credit Suisse. Less than a … Read More “Credit Suisse Takeover Eases Crisis Fears, First Republic Shares Sink 50%” »
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. Colombo: The IMF (International Monetary Fund) has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a “historic milestone” in … Read More “IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka” »
