Coca-Cola on Thursday unveiled a new innovation platform for limited-edition products, which is a perfect combination of marketing, creative, design and tech. Known as a “new brand expression”, Coca-Cola Creations plans to introduce in the market a series of limited-edition flavors, collaborations and experiences covering both the “physical and digital worlds”. As part of the … Read more
Industry bodies on Tuesday welcomed Sebi’s decision to make it voluntary for listed firms to separate the positions of Chairperson and MD/CEO, stressing that leadership arrangements are best left to the discretion of boards and the shareholders. Capital markets regulator Sebi on Tuesday said the requirement to split Chairperson and Managing Director/Chief Executive Officer positions … Read more
The story so far: In the Union Budget for 2022-23, the Government has ramped up its capital spending plans to a record 2.9% of the GDP to revive the economy, with an ambitious borrowing plan and a target to reduce fiscal deficit level to 6.4%. Rating agencies, concerned about India’s heightened general government debt levels … Read more
Rahul Bajaj, chairman emeritus of Bajaj Auto, who died in Pune on Saturday of cardiac and respiratory ailments at the age of 83, wasn’t known to mince words, or give up without a fight. In 1970-71, when licences and production capacities were tightly controlled by the government, he vigorously argued his company’s case for producing … Read more
The transfer of a 4% stake in state-owned Saudi Arabian Oil Co., known as Aramco, will support the Public Investment Fund’s plan to grow its assets under management to over $1 trillion by 2025, from about $480 billion currently, the Saudi government said Sunday. The Saudi government, which will remain the largest shareholder in Aramco … Read more
The State Bank of India (SBI) on Sunday said that it had filed a complaint against ABG Shipyard — regarding a massive Rs 22,842 crore bank fraud — with the CBI in November 2019. It added that a second and more comprehensive complaint was filed with the agency in December 2020. The bank, in a … Read more
Tata Sons has reappointed N Chandrasekaran as its executive chairman for another five years, ensuring leadership continuity even as the owner of one of India’s oldest conglomerates syncs itself with the new business environment. Its board, which met on Friday, reviewed the last five years’ performance of the $103-billion conglomerate and decided to renew his … Read more
The Securities and Exchange Board of India (Sebi) has penalised the National Stock Exchange (NSE), its former CEOs Chitra Ramkrishna and Ravi Narain for governance lapses in hiring of its chief operating officer (COO) Anand Subramanian. Ramkrishna has been directed to pay Rs 2 crore, while NSE, Narain and Subramanian have to pay Rs 2 … Read more
NEW DELHI: The Reserve Bank of India‘s (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance. Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is the rate … Read more