Wipro CEO Abidali Z Neemuchwala steps down due to family commitments
WEB DESK An early morning statement by Wipro on Friday said its CEO Abidali Z Neemuchwala has decided to step down from his position. Neemuchwala has stated family commitments as…
Bank strike: ATM likely to be hit as banks begin 2-day nationwide strike
With the strike, the banks will remain closed for 3 consecutive days – Friday, Saturday and Sunday. SBI operations and other banks’ services are very likely to be hit. The…
PM Modi to address 3rd Global Potato Conclave
AMN / NEW DELHI Prime Minister Narendra Modi will address the 3rd Global Potato Conclave at Gandhinagar, Gujarat on Tuesday through video conferencing. Mr Modi is expected to take an…
Government announces sale of 100% stake in debt-laden Air India
AGENCIES / NEW DELHI The government today announced sale of 100 per cent stake in debt-laden Air India. Issuing the preliminary bid document for the strategic disinvestment today, the government…
Finance Ministry begins exercise for Union Budget 2020-21
WEB DESK The Finance Ministry has begun exercise for the Union Budget for 2020-21 to be presented to Parliament on 1st of February. Last year, the government had announced a…
Excessive tax is social injustice by government: CJI Bobde
New Delhi Chief Justice of India S A Bobde on Friday said that while tax evasion is a social injustice to the fellow citizens, arbitrary or excessive tax also results…
CJI reasonable advise on tax-burden
By SUBHASH CHANDRA AGRAWAL Chief Justice of India just a few days before presentation of Union Budget at an event held to mark the 79th Foundation Ceremony of the Income…
Growth slowdown in India appears to be temporary, says IMF chief
WEB DESK International Monetary Fund, IMF chief Kristalina Georgieva today said growth slowdown in India appears to be temporary. Speaking at the World Economic Forum (WEF) 2020 at Davos, she…
Cyptocurrency not banned in India, RBI says in Supreme Court
WEB DESK The Reserve Bank of India (RBI) said it had not banned cryptocurrencies such as Bitcoin. It says it has only “ring-fenced” regulated entities from associated risks, The Economic…
IMF cuts India’s growth rate to 4.8%, calls it ‘negative surprise’
Agencies / Davos The International Monetary Fund imf has lowered India’s growth estimate for 2019 sharply to 4.9 per cent, and called it one of the “negative surprises” last year.…