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19 June, 2018 8:10 AM Uber names Pradeep Parameswaran as India and South Asia President

US-based cab aggregator Uber said it has elevated Pradeep Parameswaran as President of its India and South Asia operations. He succeeds Amit Jain, who was elevated to the role of Head of Asia Pacific region last month. "I'm delighted to announce Pradeep Parameswaran will succeed me as the President of Uber India and South Asia, effective immediately 18

18 June, 2018 4:22 PM Chanda Kochhar To Go On Leave: What ICICI Bank Says

Sandeep Bakhshi has been the Managing Director (MD) and CEO of ICICI Prudential Life Insurance Company. ICICI Bank's Chief Executive Officer (CEO) Chanda Kochhar will proceed on leave till further inquiry while Sandeep Bakhshi will run the lender as its Chief Operating Officer (COO) and Whole Time Directo, a BSE filing said today. Bakhshi's appointment 40

18 June, 2018 6:30 AM ICICI Bank Shares Jump After Report Suggests Top Management Rejig

ICICI Bank shares jumped more than 3 per cent on Monday, after a report suggested that the board of the private sector bank was mulling reshuffling the top management. ICICI Bank shares opened nearly 1 per cent higher at Rs Rs 284.95 on stock exchange BSE on Monday, and rose to hit Rs 291.75 during the first half of the day. At the intraday high of Rs 291.75 so far, ICICI 57

14 June, 2018 7:50 PM Heart transplant performed on 15-year-old girl

A team of doctors at Fortis Malar Hospital performed a heart transplant on a 15-year-old girl recently. In the surgery that lasted less than four hours, Dharanum Parveen from Bihar received the donor heart. She had topped her school before being diagnosed with Dilated Cardiomyopathy, a release said. A team led by K.R. Balakrishnan, director, cardiac 32

14 June, 2018 7:33 AM Did Salman Khan Almost Co-Direct 'Race 3'?: 10 Unknown Facts About The Action Thriller

'Race 3' is this year's big Eid release starring Salman Khan. His presence is larger than life in the film. Here are some interesting facts about the film 1. Salman Khan was the last one to get on board. Producer Ramesh Taurani was planning Race 3 with the original leading man Saif Ali Khan supported by Anil Kapoor and a new Race recruit 60

11 June, 2018 5:05 PM ‘Govt. set to unveil ₹500 cr. credit enhancement fund’

To aid insurance, pension funds’ infrastructure investments The government is set to unveil a ₹500-crore credit enhancement fund next month to facilitate infrastructure investments by insurance and pension funds, a senior Finance Ministry official said. “India is launching a dedicated fund, may be next month, to provide credit enhancement for infrastructure 35

9 June, 2018 2:38 PM New India aims at 18 % growth

New India Assurance is targeting an 18% growth in premium income this financial year, according to Chairman and Managing Director G. Srinivasan. The company registered premium income of ₹26,500 crore last financial year, as against the target of ₹26,000 crore. The growth last year was 19%. During the last two years, crop insurance was a driver of growth 36

5 June, 2018 9:35 AM Ather launches e-scooter priced at Rs 1.24 lakh

Electric two-wheeler startup Ather Energy today launched its flagship electric scooter model Ather 450 priced at Rs 1.24 lakh (on road). The company also introduced Ather 340 at Rs 1.09 lakh.Ather 450 is designed for city riding conditions and comes with a top speed of 80 km/hr and a range of 75 km. It can go from 0-40 km/hr in 3.9 seconds. The model 33

1 June, 2018 4:10 PM Warburg Pincus to buy 26% in IndiaFirst Life

U.K.’s Legal & General to sell stake Global private equity firm Warburg Pincus has agreed to acquire Legal & General Group Plc’s 26% stake in IndiaFirst Life Insurance, promoted by two public sector banks — Bank of Baroda and Andhra Bank. IndiaFirst Life had been profitable for the past four consecutive years and reported a profit of ₹51 crore in FY 2018. The transaction 62

31 May, 2018 7:36 PM Pay revised for Tasmac staff

The State government will increase the consolidated pay of retail vending personnel of Tasmac, Electricity and Prohibition Minister P. Thangamani said in the State Assembly. “The department has decided to increase the monthly consolidated pay for supervisors, salespersons and assistant salesperson to ₹750, ₹600 and ₹500 per month respectively. This will come into effect 36