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Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries

Mukesh Ambani outlines Next-Gen leadership roles at Reliance Industries

The 45th annual general meeting of Reliance Industries Limited (RIL) has set the stage for Next-Gen leadership. Mukesh Ambani, Chairman and Managing Director of RIL, laid emphasis on Next-Gen leadership roles while he will continue to provide...

JP Morgan India arm signs lease pact for 1.16 million sq ft office space in Mumbai

JP Morgan India arm signs lease pact for 1.16 million sq ft office space in Mumbai

US financial services major JP Morgan has picked up over 1.16 million sq ft office space at Nirlon Knowledge Park in Goregaon suburb of Mumbai through a long-term lease of over 10 years with an option of extending the same by additional 10 years....

Credit growth outpaced deposit growth of banks in June: RBI

Credit growth outpaced deposit growth of banks in June: RBI

Credit growth outpaced deposit growth for commercial banks in June, the Reserve Bank of India (RBI) said in its quarterly statistics on deposit and credit of commercial banks for June 2022 released on Thursday. As credit growth is outpacing...

RBI lifts business curbs imposed on American Express Banking Corp

RBI lifts business curbs imposed on American Express Banking Corp

The Reserve Bank of India (RBI) has lifted the business restrictions imposed on American Express Banking Corp due to the satisfactory compliance demonstrated by the entity to RBI rules, the central bank said in a release. "With the Reserve...

TCS to introduce 100% variable pay for employees

TCS to introduce 100% variable pay for employees

Days after reports surfaced that information technology (IT) firm Tata Consultancy Services (TCS) had delayed the June variable compensation payout by a month for some employees, the country’s largest IT firm said on Tuesday it will pay out...

Govt simplifies overseas investment rules to ensure ease of doing business

Govt simplifies overseas investment rules to ensure ease of doing business

The government has simplified the overseas investment rules with the aim of enhancing the 'ease of doing business' sentiment. It has simplified the existing framework for overseas investment by aligning it with the current business...

FPIs turn net buyers in debt nearly after six months

FPIs turn net buyers in debt nearly after six months

Foreign Portfolio Investors (FPIs) turned net buyers of debt so far in August nearly after six months due to cooling of oil prices, easing of inflationary pressure, manageable deficits to buoyant tax collections. According to the depository...

Markets offer risk-reward play to build a long term portfolio: ICICI Securities

Markets offer risk-reward play to build a long term portfolio: ICICI Securities

Global equity markets are breathing easy with the key commodity prices, metals, crude oil and others, cooling off, said ICICI Securities in a report. "The recent cool off in key commodity prices viz. metals, crude among others, comes as a...

RBI issues discussion paper on charges in payment systems

RBI issues discussion paper on charges in payment systems

The Reserve Bank of India (RBI) released a discussion paper on "Charges in Payment Systems" for public feedback, the central bank said in a release. Feedback may be provided in respect of questions raised therein, including other...

India Inc to hand out 10% median salary hike in 2023

India Inc to hand out 10% median salary hike in 2023

Companies in India will hand out a 10% median salary hike in 2023, according to global advisory firm Willis Towers Watson (WTW’s) salary budget planning report. The report said this will translate to an average salary increase of 9.8%...

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