Sunday, December 22

Tag: india

Zee Entertainment forms interim committee to run operations; shares up 6.3%
17Jul By adminNo Comments
Business

Zee Entertainment forms interim committee to run operations; shares up 6.3%

BENGALURU (Reuters) - Zee Entertainment Enterprises on Monday said it formed an interim committee to run operations after ex-chairman Subhash Chandra and CEO Punit Goenka failed to overturn the market regulator's ban on them holding board positions. The interim committee will be under the supervision of Zee's board, a company spokesperson said. The Securities and Exchange Board of India in June banned Chandra and Goenka from holding board positions in publicly listed companies for a year, alleging they were actively involved in diverting funds to the group's other listed entities and firms related to founding shareholders. Last week, the Security Appellate Tribunal refused to vacate the regulator's decision, saying it did not find any illegality or irrationalit...
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Delhi schools to remain closed on Monday due to incessant rain: CM Kejriwal
9Jul By adminNo Comments
Business

Delhi schools to remain closed on Monday due to incessant rain: CM Kejriwal

Delhi Chief Minister Arvind Kejriwal All the schools in Delhi will remain closed on Monday in view of the incessant rain in the national capital, Chief Minister Arvind Kejriwal has announced. Delhi recorded 153 mm rain in the 24-hour period ending at 8:30 am on Sunday, the highest in a single day in July since 1982, the India Meteorological Department (IMD) said. An interaction between a Western Disturbance and monsoonal winds is leading to an intense rainfall spell over northwest India, including Delhi, which experienced the season's first "very heavy" rainfall on Saturday. "In view of the torrential rains in the last two days and keeping in mind the warnings of the meteorological department, all schools will remain closed on Monday," Kejriwal said in a tweet i...
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Harley-Davidson banks on Hero Moto partnership to push premium bike sales
9Jul By adminNo Comments
Business

Harley-Davidson banks on Hero Moto partnership to push premium bike sales

With high customs duty impeding sales of its imported big bikes in India, Harley-Davidson is banking on the partnership with Hero MotoCorp to offer locally-produced premium models in the country, according to company's Chairman, President and CEO Jochen Zeitz. India imposes 50 per cent customs duty on imported fully built up bikes, which makes the American cult bike-maker feel that partnering with Hero has turned out to be a good decision after deciding to exit its manufacturing operations in India three years back. In an interaction with PTI, Zeitz noted that the tie-up with Hero MotoCorp is allowing the Milwaukee-based bike maker to go for "volume opportunities" by introducing a competitive product in the Indian market. "And (there is) a lot of upside with mu...
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World Bank Prez Ajay Banga to travel to India next wk to attend G20 meet
8Jul By adminNo Comments
Business

World Bank Prez Ajay Banga to travel to India next wk to attend G20 meet

World Bank President Ajay Banga will travel to India next week, his first visit to the country after taking over the helm of the global lender, to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad. Indian-American Banga, 63, took over as the President of the World Bank in June, making him the first person of colour to head either of the two global financial institutions, the World Bank and the International Monetary Fund. The Executive Directors of the World Bank selected Banga as the 14th President of the World Bank in May for a five-year term after being nominated by US President Joe Biden for the post. This would be Banga's first trip to India after he took over as the World Bank president. India is currently holding the...
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Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday
26Jun By adminNo Comments
Business

Amid tepid utilisation of funds, govt to review PLI scheme on Tuesday

The Centre on Tuesday will review its ambitious production-linked incentive (PLI) scheme to sort out teething issues faced by beneficiaries of the scheme, and the focus will mainly be on sectors where the progress has been slower-than-expected. Commerce and industry minister Piyush Goyal will hold the first-of-its kind review meeting that will see officials from all the ministries responsible for rolling out the PLI scheme. The meeting will also see participation from the beneficiaries or the companies participating in the scheme. The Centre has allocated Rs 1.97 trillion towards PLI schemes for 14 key sectors, including telecom, textiles, automobiles, white goods and pharmaceutical drugs, among others. This scheme not only aims to boost domestic manufacturing, but al...
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