Category: Corporate

The Prime Minister, Shri Narendra Modi addressed the National Rozgar Mela via video conferencing today. He distributed about 71,000 appointment letters to newly inducted recruits in various Government departments and organizations. The new recruits selected from across the country will join various positions/posts under Government of India such as Train Manager, Station Master, Sr. commercial cum Ticket Clerk, Inspector, Sub Inspectors, Constable, Stenographer, Junior Accountant, Postal Assistant, Income Tax Inspector, Tax Assistant, Sr Draughtsman, JE/Supervisor, Assistant Professor, Teacher, Librarian, Nurse, Probationary Officers, PA, MTS, among others. The newly inducted appointees…

Countering Rahul Gandhi’s claim of Rs 20,000 crore coming in billionaire Gautam Adani’s shell companies, Adani group listed out details of the USD 2.87 billion stake sales in group firms. While investors invested USD 2.593 billion in group firms, promoters sold stakes to raise USD 2.783 billion. “We understand the competitive race to tear down Adani can be alluring. But we are fully compliant with securities laws and are not obscuring promoter ownership and financing,” the group said. US short-seller Hindenburg Research, had alleged accounting fraud and use of a…

Union Finance Minister Nirmala Sitharaman gave a befitting reply to the negative perception built by the Western media about the treatment of minority communities in India. She pointed out that the West should ponder if the Muslim community is not being treated fairly in India, then how is it possible that their population is growing at such a good rate. “India has the second-largest Muslim population in the world, and that population is only growing in numbers.” She said. Union Finance Minister Nirmala Sitharaman gave a befitting reply to the…

CBI has filed a chargesheet against former MD and Chairman of ICICI Bank, Chanda Kochhar, her husband, and Videocon Group Chairman in the ICICI-Videocon loan case. According to the CBI, ICICI Bank sanctioned a term loan of Rs 1,875 crore to the Videocon Group, where there were irregularities in the approval process and that Dhoot was the “ultimate beneficiary”. In December 2022, the CBI arrested Kochhars and Venugopal Dhoot, alleging that irregularities were involved in approving the loan. Kochhars were accused of receiving Rs 64 crore as a loan to…

Stand up India Scheme was launched on 5th April 2016 to promote entrepreneurship at grassroot level focusing on economic empowerment and job creation. This scheme has been extended up to the year 2025. Recognising the challenges that energetic, enthusiastic, and aspiring SC, ST and women entrepreneurs may face many challenges in converting their dream to reality, Stand-Up India was launched to promote entrepreneurship amongst women, Scheduled Castes (SC) & Scheduled Tribes (ST) categories, to help them in starting a greenfield enterprise in manufacturing, services or the trading sector and activities allied to agriculture. On…

In a late night development, Ministry of Finance issued the Gazette Notifications for Mahila Samman Savings Certificates, 2023 and has been made available in 1.59 lakh post offices with immediate effect. The scheme was announced in the 2023-24 Budget by the Union Finance Minister to commemorate ‘Azadi Ka Amrit Mahotsav’ and is a significant step towards financial inclusion and empowerment of the women, including the girls. The two year tenure scheme offers an attractive and fixed interest of 7.5 per cent interest compounded quarterly with flexible investment and partial withdrawal…

Petroleum and Natural Gas Regulatory Board has introduced implementation of Unified Tariff-a much awaited reform in natural gas sector. The Prime Minister, Shri Narendra Modi said that it is a noteworthy reform in the energy and natural gas sector. In a tweet thread Union Minister for Petroleum and Natural Gas, Shri Hardeep Singh Puri informed that in line with objective of economic development of all regions of the country, PNGRB introduces implementation of Unified Tariff-a much awaited reform in natural gas sector. Shri Puri also informed that this tariff mechanism…

Under Kotak Mahindra Bank’s Corporate Social Responsibility initiative, the Bank in association with the Indian Dental Association (IDA) organised an oral cancer screening health camp at Agricultural Produce Market Committee (APMC) in Vashi – one of the biggest markets in Navi Mumbai, Maharashtra. The five-day free camp, which was held from 27th February to 3rd March 2023, screened over 2,600 shop owners, transporters, daily wagers, raising awareness on oral health and, early detection and prevention of oral cancer. Identifying local stakeholders as a highly vulnerable group due to the consumption…

E-commerce giant Amazon has announced to lay off 9,000 more employees, to be more streamlined in costs and headcount. In January, Amazon announced it would fire 18,000 workers across the globe, marking its biggest-ever round of layoffs in its history. “Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and headcount,” The CEO Jassy wrote in his memo. The layoffs announced by the global majors have impacted thousands of people in India.…

Adani Enterprises Ltd (AEL) had incorporated Mundra Petrochem Ltd for setting up a greenfield coal-to-PVC plant at Adani Ports and Special Economic Zone (APSEZ) land in Kutch district of Gujarat. Adani Group has suspended work on a ₹34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller. The group has shot off mails to vendors and suppliers to “suspend all activities” on immediate basis, “till further notice.”-as seen the mails by…