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The Economic Times
The Economic Times Fortis Malar Hospitals appoints Pradeep Kumar Malhotra as CFO
Pradeep Kumar Malhotra succeeds Yogendra Kumar Kabra who resigned from the position of Chief Financial Officer and Key Managerial Personnel of the Company to pursue new opportunity for his long-term career goals, as stated by the company in a regulatory filing to BSE.
The Economic Times SMIFS Capital Markets CFO Shreemanta Banerjee resigns
Shreemanta Banerjee stepped down from his position in order to pursue other career opportunities, as stated by the company in a regulatory filing to BSE. Banerjee joined the company in August of 2014 and resigned from his position after serving for more than 10 years.
The Economic Times Facor Alloys Dy CFO Vijay Vashisth resigns
Vijay Vashisth stepped down from his position stating personal reasons, as quoted by the company in a regulatory filing to BSE. Vashisth joined the company in May 2010 and has resigned after serving for more than 14 years.
The Economic Times Scan Steels CFO Gobinda Chandra Nayak resigns, Kalyan Kiran Mishra takes over
Given the resignation of Nayak, Scan Steels Limited has appointed Kalyan Kiran Mishra as its Chief Financial Officer, effective November 5, 2024.
The Economic Times Akasa Air FY24 revenue soars 339%, losses up over two-fold
Akasa Air saw a significant revenue increase to INR 3,069.6 crore in FY24, but losses also grew to INR 1,670.1 crore due to rapid expansion. Despite this, the airline reported a 10 percent rise in revenue per available seat kilometre. Akasa plans to increase capacity by 50-55 percent in FY25, anticipating further revenue growth.
The Economic Times NTPC, ONGC joint venture poised for big push to green energy projects
"Subsequent to the signing of the Joint Venture Agreement on 7th February 2024, during India Energy Week 2024, and obtaining the required statutory approvals from DIPAM and NITI Aayog, NGEL has submitted an application to the Ministry of Corporate Affairs for the incorporation of a 50:50 Joint Venture Company with OGL," said the Ministry of Power.
The Economic Times CFO hiring surges as India Inc ramps up financial leadership amid IPO boom and growth challenges
India's corporate sector is driving strong demand for CFOs, fuelled by IPOs, market volatility, and the need for strategic financial leadership. Startups and established firms alike seek CFOs to navigate complex financial challenges, while shorter tenures reflect evolving career dynamics.
The Economic Times Record foreign exodus casts a pall over India’s stock market
India's stock market is experiencing a decline as foreign investors withdraw record funds due to concerns about the slowing post-pandemic economic boom. Despite domestic investments preventing a larger downturn, waning consumer spending and high valuations are causing anxieties. Although the market shows potential for growth, experts predict further adjustments as the economic slowdown's impact becomes clearer.
The Economic Times CBDT allows tax officials to waive or reduce interest due from assessee
The Act also empowers Principal Chief Commissioner (PrCCIT) or Chief Commissioner (CCIT) or Principal Commissioner (PrCIT) or Commissioner rank officers to reduce or waive the amount interest due to be paid.
The Economic Times India proposes merging regional rural banks to help them shore up capital, document shows
India's government has put forward a proposal to consolidate the country's regional rural banks from 43 down to 28. This move aims to bolster the banks' capital and reduce expenses. These banks, which primarily serve rural communities, held a combined 6.6 trillion rupees in deposits as of March 31, 2024.
The Economic Times High time for internal audit to deep dive in to ESG issues
In this article, Ashok Haldia, a seasoned finance expert and Chartered Accountant, explores the critical role of internal audit in enhancing ESG governance, emphasizing its potential to assist in navigating ESG and bring integrity in ESG reporting that goes beyond mere compliance.
The Economic Times India's Embassy REIT chief steps down after SEBI action
EMBASSY OFFICE-MOVES/ (URGENT)India's Embassy REIT chief steps down after SEBI action
The Economic Times Noel joins board of Tata Sons; first Tata family member since 2011 to serve on both boards at once
Noel Tata, newly appointed chairman of Tata Trusts, has joined the board of Tata Sons as a nominee director. This marks the first time since 2011 that a Tata family member holds positions on both boards concurrently. Tata Trusts, with its 66% stake, is the largest shareholder in Tata Sons, the holding company of the Tata Group.
The Economic Times Government calls applications for RBI Deputy Governor position
The Indian government is seeking a new deputy governor for the Reserve Bank of India. Applications are due by November 30. The position will succeed Michael Patra, whose term ends in January. Candidates need 25 years of experience in relevant fields. The appointment is for three years with a possibility of re-appointment. The government encourages applications from exceptional candidates.
The Economic Times Sebi issues Rs 130 cr demand notices to 5 entities in Reliance Home Fin fund diversion case
The Securities and Exchange Board of India (SEBI) has demanded Rs 130 crore from five entities, including Netizen Engineering and Citi Securities, for their involvement in the illegal diversion of funds from Reliance Home Finance Ltd.
