Bandhan Employees’ Welfare Trust and Angshuman Ghosh, son of Bandhan Bank founder Chandra Shekhar Ghosh, together have bought a 25% stake in Nicco Parks & Resorts, the largest amusement park in eastern India. Key points to note – The Trust owns 14% in Bandhan Financial Services, the promoter of Bandhan Bank. The Trust has around … Read more
The finance ministry has invited applications to appoint the next chairman of the Securities and Exchange Board of India (Sebi) to succeed Ajay Tyagi, whose five-year term comes to an end in February. Tyagi, a 1984 batch IAS officer of Himachal Pradesh cadre, was appointed as Sebi chairman on March 1, 2017, for a period … Read more
Purplle.com, one of India’s largest online beauty destinations, has raised $75 million funding round from investment firm Kedaara along with Sequoia Capital India and Blume Ventures. This comes six months after a $45 million funding backed by Verlinvest, Blume Ventures, JSW Ventures, and first-time investor Sequoia Capital India. The investment will augment the company’s goal … Read more
Mr. Das will head the RBI till December, 2024 The government has extended the term of Reserve Bank of India Governor Shaktikanta Das by another three years upto December 2024, according to an official order. Mr. Das was appointed the RBI’s 25th governor on December 11, 2018, initially for a period of three years. An … Read more
In an after market surprise announcement, Indian Railway Catering & Tourism Corporation (IRCTC) announced that Ministry of Railways has conveyed it’s decision to the Company that it will have to share 50% of the convenience fee with the Ministry w.e.f. November 1, 2021. IRCTC collected convenience fee of Rs 299 crore in FY21. However, this … Read more
There is always a stark difference between the two…Why and How… read on…