Genpact, a global professional services firm headquartered in New York, announced the appointment of an Indian American as its CEO effective February 9, 2024. The current CEO and president, NV ‘Tiger’ Tyagarajan, will retire on the same date after over 12 years at the helm. After Tyagarajan informed Genpact’s Board of Directors of his intention to retire, effective...
Mumbai: Air India is planning to reinstate 100 per cent of its "long-grounded" fleet since the takeover by the Tata Group two years ago. According to a report in the Financial Express (FE), over 95 per cent of the "long-grounded" fleet, which included Boeing 787s, 777s, and narrow-body Airbus A320 type aircraft, has been made...
Mumbai: Indian billionaire Mukesh Ambani’s Reliance Industries Ltd. is seeking to raise as much as 200 billion rupees ($2.4 billion) via rupee-denominated bonds, according to filings seen by Bloomberg. The base size of the sale is 100 billion rupees with an option to retain subscriptions worth another 100 billion rupees. The 10-year bonds will be...
San Francisco: Leading flexible workspace provider WeWork, once valued at $47 billion, has filed for bankruptcy in the US and Canada. The company was valued at just $45 million last week. WeWork and certain of its entities filed for protection under Chapter 11 of the US Bankruptcy Code. The company said its locations outside of...
Bhargav identifies more with camels than unicorns. While unicorns are products of a VC-style investment binge that burn capital in the quest for market share at the cost of profitability and business economics, Bhargav prefers his ventures to be more like camels – use capital efficiently and drive early-stage revenues to create a viable business early...
Mumbai: The RBI has said that the total value of Rs 2,000 banknotes in circulation has come down to Rs 0.10 lakh crore at the close of business on October 31, 2023 from Rs 3.56 lakh crore at the close of business on May 19, 2023 when the withdrawal of these banknotes was announced. “Thus, more...
New Delhi: In a massive action, the Enforcement Directorate (ED) said that it has attached properties worth Rs 538 crore of now defunct Jet Airways founder Chairman Naresh Goyal, his wife Anita Goyal, and son Nivaan Goyal situated in London, Dubai and various states of India and various other companies in a bank fraud money...
The Wagh Bakri group's executive director, Parag Desai, passed away in Ahmedabad, the company announced on social media. He was 49. The company said that “With profound grief, we regret to inform the sad demise of our beloved Parag Desai”. Desai succumbed to brain haemorrhage after he suffered injuries following an attack by stray dogs outside...
New Delhi: India is likely to surpass Japan to become the world's third-largest economy with its GDP doubling to $7.3 trillion by 2030, according to the latest S&P Global Market Intelligence report. “India's nominal GDP measured in USD terms is forecast to rise from $3.5 trillion in 2022 to $7.3 trillion by 2030. This rapid...
