MY WORLD Syndicate content

Change of guard at two behemoths imminent

A change of guard seems imminent at two leading India Inc. companies. While SN Subrahmanyan, deputy managing director and president, Larsen & Toubro (L&T), will take over as the chairman of the $16 billion engineering and construction powerhouse from AM Naik (74), on October 1, come February and Virginia House, headquarters of the cigarette-to-hotel-to-FMCG major ITC, will also have a new boss after two decades.

Hawala operators laundered Rs a1,600cr through shell firms

As it scans and analyses millions of banking transactions post-demonetisation, the income tax (I-T) department has found dozens of shell companies which have been used by hawala operators to launder

IDS disclosures valid if taxes realised by December 5: CBDT

In a minor relaxation to IDS tax payment rules, the Income Tax Department has said disclosures under the scheme will be considered valid even if the tax amount has been

Rating agencies assign investment grade to SBI bond programme

Rating agencies have accorded investment grade to the proposed USD 500 million bond raising programme of the country's largest lender SBI.

Moody's has assigned a Baa3 rating to SBI's proposed

Flipkart invests $2 mn in parenting social network Tinystep

Tinystep a parenting social network platform today said it has received USD 2 million (Rs 13. 6 crore) in funding from e-commerce giant Flipkart

Nissan launches new Sunny, price starts at Rs 7.91 lakh

Japanese auto major Nissan today launched the new version of its mid-sized sedan Sunny in India with price starting from Rs 7.91 lakh (ex-showroom Delhi)

Akhilesh wins cycle battle

In a major boost to UP chief minister Akhilesh Yadav, the election commission on Monday recognised the faction headed by him as the Samajwadi Party and allotted the reserved symbol

Control Alt Foods in expansion mode

Control Alt Foods Pvt Ltd, owners of healthy snack brand ‘The Green Snack Co’, has now raised nearly $5,00,000 from two individual investors - Riddhesh Gandhi, founder of Discovery Capital

Defence of the force

The armed forces are not alone in trying to get a handle on controversies emanating from social media content put out by men in uniform. The ministry of defence

Chinese whispers

Somewhere around last November when the announcement of a new army chief was awaited, messages started to appear in various Whatsapp groups pre-empting the government’s decision to circumvent the seniority

  • K Asif, the legendary director of the cult film Mughal-e-Azam was able to direct only two complete movies in his lifetime.


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