Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

Prior to taking up the new role, Mr. Srivastava was serving the city-headquartered bank as its executive director. | Photo Credit: RAGU R Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank said on Saturday. Prior to taking up […]

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Centre signs pact with Pune-based IVBP for commercial production of ‘Lumpi-ProVac’

Centre signs pact with Pune-based IVBP for commercial production of ‘Lumpi-ProVac’

The government on Saturday said it had signed a pact with Pune-based Institute of Veterinary Biological Products (IVBP) for commercial production of indigenously developed vaccine ‘Lumpi-ProVac’ for the control of lumpy skin disease in cattle. The vaccine has been developed by Haryana-based National Centre for Veterinary Type Culture and ICAR-National Research Centre on Equines in […]

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Jeena & Company plans overseas expansion

Jeena & Company plans overseas expansion

,Jeena expects to grow the international market business by 50% by 2025, says Sam Katgara. Jeena & Company, having provided logistics and supply chain solutions in India for 122 years, has embarked on an overseas expansion plan to sharply grow its business.  The Mumbai-based company, which has been providing end-to-end logistics solutions in Australia since 2018, […]

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ECB must stop quick wage growth from fuelling inflation, Lagarde says

ECB must stop quick wage growth from fuelling inflation, Lagarde says

We must not allow inflationary expectations to become de-anchored or wages to have an inflationary effect, says Christine Lagarde | Photo Credit: WOLFGANG RATTAY Euro zone wages are growing quicker than earlier thought and the European Central Bank must prevent this from adding to already high inflation, ECB President Christine Lagarde told a Croatian newspaper. […]

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Chinese manufacturing weakens amid COVID-19 outbreak

Chinese manufacturing weakens amid COVID-19 outbreak

The PMI contraction was the biggest since February 2020, when the COVID-19 pandemic had just started. | Photo Credit: STR (AP) Chinese manufacturing contracted for a third consecutive month in December, in the biggest drop since early 2020, as the country battles a nationwide COVID-19 surge after suddenly easing anti-epidemic measures. A monthly purchasing managers’ […]

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GST not payable on house rented to proprietor for residential purpose: CBIC

GST not payable on house rented to proprietor for residential purpose: CBIC

New Delhi: An illuminated Parliament ahead of midinight launch of ‘Goods and Services Tax (GST)’ in New Delhi on Saturday. PTI Photo by Manvender Vashist (PTI6_30_2017_000252B) | Photo Credit: PTI From January 1, GST would not be payable on housing units rented to the proprietor of a proprietary concern for residential usage only, the CBIC […]

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Economists bat for hike in tobacco taxation for achieving Modi’s  trillion economy vision

Economists bat for hike in tobacco taxation for achieving Modi’s $5 trillion economy vision

In India, tax on cigarettes is 52.7%, ‘bidis’ 22% and chewing tobacco 63.8%. File | Photo Credit: PTI A substantial hike in tax on all tobacco items and stronger laws will not only bring the best out of human capital by ensuring better health of citizens, but also help in achieving Prime Minister Narendra Modi’s […]

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Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

Indian Overseas Bank elevates Ajay Kumar Srivastava as its MD & CEO

A view of the Indian Overseas Bank, at Anna Salai in Chennai. File | Photo Credit: R. Ragu Public sector Indian Overseas Bank has elevated Ajay Kumar Srivastava as its managing director and chief executive officer with effect from January 1, the bank said on Saturday. Prior to taking up the new role, Mr. Srivastava […]

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Vivienne Westwood, influential fashion maverick, dies at 81

Vivienne Westwood, influential fashion maverick, dies at 81

Vivienne Westwood, an influential fashion maverick who played a key role in the punk movement, died Thursday at 81. Westwood’s eponymous fashion house announced her death on social media platforms, saying she died peacefully. A cause was not disclosed. “Vivienne continued to do the things she loved, up until the last moment, designing, working on […]

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