MUMBAI: Nearly a month after RBI‘s move to curb operations of Paytm Payments Bank, Vijay Shekhar Sharma, its founder and majority shareholder, has stepped down as the non-executive chairman of the bank’s board. Parent company One97 Communications‘s nominee director Bhavesh Gupta too has quit the bank’s board.Sharma’s departure from the board marks the end of … Read more
BENGALURU: A day after the union cabinet, in line with the Centre’s reforms to open up the space sector, allowed 100% foreign direct investment (FDI) under the automatic route, space regulator and promoter Indian National Space Promotion and Authorisation Centre (IN-SPACe) chairman Pawan Goenka termed it a “game-changing decision that will propel India to new … Read more
BENGALURU: Software behemoth SAP said on Monday it has agreed to part ways with Punit Renjen over differences on the role of German major’s supervisory board chair, which the latter was designated to assume.“Punit Renjen has chosen to resign his mandate on the SAP supervisory board with effect from the end of SAP’s annual general … Read more
NEW DELHI:Columbia University professor and the first vice chairman of Niti Aayog Arvind Panagariya has been appointed the chairman of the 16th Finance Commission. The government is, however, yet to name the other members of the panel, which has an open mandate unlike finance commissions in recent years, where the Centre provided a large set … Read more
NEW DELHI: The commerce department is drawing from the experience of the Lodha committee, the interim management of BCCI, and is looking at a four-year cooling off period for chairmen and vice-chairpersons of export promotion councils (EPCs) and is seeking to bar them from any other similar body.The move is meant to ensure that a … Read more
Anand Mahindra can’t wait to get back home from the US because all the action is happening in India with a new, stable government led by Narendra Modi in place. Hours after chairing a board meeting of Mahindra & Mahindra at midnight US time, the company’s chairman and MD spoke on Saturday to Satish John … Read more
When Great Wall Motors Chairman Wei Jianjun launched the Wey brand of vehicles, inspired by the Romanization of his family name, at the 2016 Guangzhou auto show, few believed it would survive let alone thrive and compete against brands like Volkswagen and Toyota. Analysts cited the ferocious efforts of international brands to expand their market … Read more