Swiss bank Credit Suisse Chairman Axel P. Lehmann speaks during the annual shareholders’ meeting of the Swiss banking group, in Zurich, Switzerland on Tuesday, April 4, 2023. | Photo Credit: AP The chairman of Credit Suisse apologised on April 4 to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt […]
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The Virgin Orbit building is seen after the company paused operations last week, in Long Beach, California, U.S., March 22, 2023. | Photo Credit: Reuters Richard Branson’s Virgin Orbit Holdings filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure the long-term funding needed to help it recover from a […]
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Image used for representation purpose only. | Photo Credit: PTI Passenger vehicle retail sales increased by 14% year-on-year in March riding on the back of improved supply of electronic components, dealer body FADA said on April 4. The domestic passenger vehicle registrations rose to 3,35,266 units last month, from 2,93,016 units in March 2022. Two-wheeler retail […]
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Tata Group’s trading and distribution arm Tata International on Tuesday announced the appointment of Rajeev Singhal as its Chief Operating Officer. He assumed office from April 1, 2023 and will report to Tata International Ltd Managing Director Anand Sen, the company said in a statement. All vertical heads will report to Mr. Singhal, who moved […]
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The premium payroll account of Canara Bank comes with multiple features, including free term life insurance, insta overdraft, free personal air accident insurance cover. Canara Bank has introduced a premium payroll account designed to meet all banking requirements of its salaried customers. The product comes with multiple features, including free term life insurance, insta overdraft, free personal […]
Continue ReadingImage for representation purpose only. File | Photo Credit: Getty Images India’s GDP is expected to moderate to 6.3%, as against earlier estimate of 6.6%, due to moderation in consumption in FY24, the World Bank said in a report on Tuesday. Growth is likely to be constrained by slower consumption growth and challenging external conditions, […]
Continue ReadingBuying milk is getting expensive across the country and the price could soon hit an all-time high, forcing the world’s biggest producer to step up imports to boost supplies and ease cost of living pressures. Farmers are wrestling with a rare double whammy: the lethal lumpy skin disease in their cows and a drawdown in […]
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Digital services at the State Bank of India were impacted for a few hours due to a glitch on Monday, only to be later restored. | Photo Credit: Reuters Digital services at the State Bank of India were impacted for a few hours due to a glitch on Monday, only to be later restored. According […]
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File photo of Karaikal Port. Photo: Special Arrangement The National Company Law Tribunal has approved the acquisition of Karaikal Port (KPPL) by the Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, the Adani Group firm said on April 3. Earlier, APSEZ was declared as the successful resolution applicant under the […]
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Representational file image. | Photo Credit: S. Siva Saravanan India’s net direct tax collections have risen 17.63% in 2022-23 to touch ₹16.61 lakh crore, as per provisional data released by the Finance Ministry on April 3, exceeding the revised estimates target for the year by 0.7%. The contribution of corporate tax collections in the gross […]
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