Tech Mahindra has appointed Mohit Joshi as MD & CEO w.e.f., December 20, 2023. Mohit is replacing the well respected veteran Mr CP Gurnani, who is retiring. Mohit has a commendable career track – He has been with Infosys for more the 22 yrs and is currently the President, based out of UK He is … Read more
Rohit Jawa will take over as MD & CEO w.e.f, 27th June, 2023 upto 26th June, 2028, i.e., for 5 years. He will also takeover as President, Unilever South Asia. He is taking both positions from the well respected veteran Sanjiv Mehta Sanjiv served at the position for 10 years, which one can consider to … Read more
The nearly overnight collapse of Silicon Valley Bank has left the US tech scene in shock, wondering how one of its most valued institutions could vanish so suddenly, shunned by the companies that used it most. SVB, like many other niche banks around the world, was a highly specialized lender with specific idiosyncrasies — and … Read more
Goldman Sachs analysts have revised their prediction for the upcoming U.S. Federal Reserve meeting, stating that they no longer anticipate a rate hike on March 22. This shift in prediction is due to the recent stress experienced in the banking sector, which has led to considerable uncertainty about the future rate hike path beyond March. … Read more
SVB Financial Group’s efforts to raise money have failed and the troubled bank was in talks to sell itself, CNBC reported on Friday, as a crisis at the tech-heavy lender rippled through global markets and hit banking stocks. Shares of SVB Financial Group were halted on Friday after tumbling 66% in premarket trading. SVB, which … Read more
Reserve Bank of India (RBI) has said that the financial technology, or fintech, sector should organise itself under a self-regulatory organisation that can monitor the conduct of member fintech entities. Addressing an international research conference on fintechs on Friday, co-organised by IIM-Ahmedabad, RBI deputy governor MK Jain said that a self-regulatory approach could also help … Read more
Tata Technologies Ltd. has sought approval from India’s markets regulator for an initial public offering in which its parent carmaker Tata Motors Ltd. and other investors will sell as many as 95.7 million shares. The initial sale in the engineering unit of luxury carmaker Jaguar Land Rover’s owner will comprise a 23.6% stake, according to … Read more
Dr. Manivannan (left) Founder and Managing Director and Dr. Chandrakumar, (right) Founder and Chairman of Kauvery Hospitals Group. Photo: Special Arrangement Chennai-based Kauvery Hospitals has raised equity funding of $70 million from private equity (PE) fund managed by IIFL Asset Management Limited for a minority stake. The investment holds significance in Kauvery Hospitals’ next phase … Read more