TCS mandates employees to work from office 3 days a week

Tata Consultancy Services has sent an email to its employees mandating them to work from the office three days a week.

Fake accounting: Mohandas Pai as OYO claims first EBITDA positive quarter

TV Mohandas Pai, the former CFO of Infosys, accused OYO of "fake accounting" after the startup claimed it turned EBITDA positive for the first time in the first quarter of FY23, with an adjusted EBITDA of ₹7.3 crore.

Frontline bank staff should be well-versed in local languages: FM

Finance Minister Nirmala Sitharaman said that it is important to have staff who are well-versed in local languages at banks.

Adani Group launches ₹31,000 crore open offer for ACC and Ambuja Cements

Adani Group on Friday launched an open offer to acquire 26% stake each in ACC and Ambuja Cements from public shareholders.

Tata Sons may have to write-off AirAsia India's losses

Tata Sons might have to make a ₹2,600 crore provision as accumulated losses for AirAsia India as Tata-owned Air India seeks to fully acquire the latter's equity share capital, according to a report.

Sebi approval necessary for Adani Group to secure RRPR stake: NDTV

Adani Group may not be able to complete its deal to buy RRPR Holdings, the promoter group vehicle of New Delhi Television, without the market regulator’s approval, stated a regulatory filing by the New Delhi Television Limited (NDTV) on August 25.

Bank Privatisation | Forget big bang, it’s unlikely there will be even a whimper

Within 25 years of the first nationalisation of banks in 1969, the government started reversing this policy. Thus, in less than three decades, the banking scenario has transformed.

Gold prices today: Yellow metal to remain under pressure amid strong dollar, high yields, hawkish Fed

With Russia planning a fresh series of the aggressive campaign in Ukraine, US dollar will attract further safe heaven flows, leading to additional pressure on gold. Expect gold to trade weaker till the Jackson Hole event slated on Friday, said Pritam Patnaik, Head - Commodities, HNI & NRI Acquisitions, Axis Securities.

Govt to release data on June retail inflation today

The retail inflation has remained above 6 per cent since January this year forcing the central bank to go for two back-to-back hikes in policy rates (repo).

RBI hikes repo rate by 50 bps as inflationary pressures intensify

The Reserve Bank of India (RBI) Governor on Wednesday announced that the Monetary Policy Committee voted unanimously to hike the benchmark interest rate by 50 bps with immediate effect. The RBI also left its FY23 GDP growth forecast unchanged at 7.2%.

Tata Appoints Campbell Wilson As Air India CEO

The Tata Group has appointed Campbell Wilson as CEO & MD of Air India. Wilson is currently CEO of Singapore Airline’s low-cost subsidiary Scoot.

Tata launches long-awaited super app Neu, joins ecommerce battle

Tata group on Thursday launched possibly India's first super app, Tata Neu, that brings together grocery-to-hotel-to-airline ticket booking and medicine on a single platform, rivalling similar products from Amazon and Walmart's Flipkart.

Tata Group invokes Shakespeare to tell how Vistara, Tanishq got their names

For Tanishq, Tata Group chose a combination of two words – Tan (body) and Nishq (a gold ornament).

RBI keeps repo rate unchanged at 4% for 10th time in a row

The RBI's Monetary Policy Committee (MPC) on Thursday kept the repo rate unchanged at a record low of 4% for the 10th consecutive time. 

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