Sanjiv Puri appointed as new CMD of ITC Ltd

Sanjiv Puri has been appointed as the new CMD (Chairman and managing director) of ITC Ltd, India’s largest cigarette maker. He will take over the legacy of noted industry leader and erstwhile ITC Chairman Y.C. Deveshwar, who passed away on ..

RBI releases ‘Payment and Settlement Systems in India: Vision 2019 – 2021’

The Reserve Bank of India (RBI) has released a vision document – Payment and Settlement Systems in India: Vision 2019 – 2021 – with its core theme of ‘Empowering Exceptional E-payment Experience’, for ensuring a safe, secure, convenient, quick and ..

Nabventures launches first-ever venture capital fund for agriculture and rural-focused startups

Nabventures, a subsidiary of NABARD, has recently launched its first-ever Rs 700-crore venture capital fund for equity investments in agriculture and rural-focused startups. The fund will have a high impact as it will provide a boost to investment ecosystem in ..

Konkan Railways Corporation Ltd (KRCL) signs a contract agreement with Nepal’s Department of Railways

The Konkan Railways Corporation Ltd (KRCL) has signed a contract agreement with Nepal’s Department of Railways to supply two 1600 HP DEMU train sets. These trains will be used to operationalise railway link between Jayanagar in India and Kurtha in ..

Y C Deveshwar, noted industry leader and ITC Chairman, passes away

Y C Deveshwar (72), the noted industry leader and ITC Chairman, has passed away in Gurugram on May 11, 2019. He was India’s longest serving CEO and had received the India’s third-highest civilian award ‘Padma Bhushan’ in 2011. Deveshwar took ..

SEBI barred NSE from securities market for 6 months on co-location case

On 30th April 2019, Market regulator Securities and Exchange Board of India (SEBI) barred the National Stock Exchange from raising money on the securities market directly or indirectly for six months on the collocation case. This means the NSE will ..