Indigo is never short of news. Promoter’s spat. Staff complaints. And now the veteran, Sanjay Kumar resigns. Sanjay had joined Indigo in it’s earlier days in 2007 as Chief Commercial Officer and was currently the Chief Strategy and Revenue Officer. He is credited with creating Indigo’s mega spider web type of network. In between in … Read more
More Chinese provincial capitals relaxed Covid restrictions as authorities expand a policy shift toward reopening the economy after anti-lockdown protests erupted across the country. Kunming, in the southwestern province of Yunnan, will effective Sunday allow people to ride public transport without showing a PCR test, while Nanning in the neighboring Guangxi region scrapped such testing … Read more
Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said. The talks have reportedly been going on for over a month now and SBI … Read more
The modified guidelines on digital lending by the Reserve Bank of India (RBI) will come into effect from Thursday, 1 December. The digital lending modified guidelines aim to protect customers from exorbitant interest rates and keep a check on unethical loan recovery practices. As per the new norms, all loan disbursals and repayments are to … Read more
Britannia has entered into a JV with Bel SA, France (Bel) to undertake the development, manufacturing, marketing, distribution, trading and selling, etc., of cheese products in India and certain other countries. Bel Group is a world leader in branded cheese and a significant player in the healthy snacking segment with brands like The Laughing Cow, … Read more
Patients are seen waiting outside the AIIMS Pediatric Emergency ward, even as servers remained down for over six days. Hackers have allegedly demands a ransom of ₹200 crore in crypto currency from All India Institute of Medical Sciences, in Delhi on November 29, 2022. The services at the All India Institute of Medical Sciences (AIIMS) … Read more
Annual growth in the Indian economy likely slowed in the July-September quarter as COVID distortions faded, economists said ahead of GDP data due on Wednesday that will provide clues about its resilience in the face of global economic turmoil. Asia’s third-largest economy is expected to post annual growth of 6.2% in the three months to … Read more
Tech giant Samsung is reportedly planning to launch a new in-house global research unit next month, to combat semiconductor downfall. The new organisation will launch under the Device Solutions Business Division and will be assigned to research new investment avenues, as well as, analyse the global semiconductor market, reports SamMobile. Due to the COVID-19 crisis, … Read more
Paytm Payments Services Ltd (PPSL) is a subsidiary of One97 Communications Ltd (OCL), the parent of Paytm. OCL had proposed to transfer the payment aggregator (PA) services business undertaken by it to PPSL in December 2020 to comply with the guidelines of the banking regulator. However, the RBI had rejected its application. The company had … Read more