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A pin up CEO parachuted to the board, Aditya Ghosh takes a back seat in Oyo – Economic Times

by abhinav | Jan 30, 2020 | News

Ghosh’s elevation to the Oyo board of directors seems as intriguing as it is perplexing. Read More

reported by Venkat Ananth, Biswarup Gooptu, Arijit Barman at The Times of India

Tata Motors Q3 Results: Profit Beats Estimates Even As Sales Fall – BloombergQuint

by abhinav | Jan 30, 2020 | News

Tata Motors’ net profit stood at Rs 1,738.3 crore in the December quarter against a record loss of Rs 26,993 crore a year ago. Read More

reported by BQ Desk at Bloombergquint.com

Rahul Bajaj to step down from executive role, to stay as non-executive chairman of Bajaj Auto – Economic Times

by abhinav | Jan 30, 2020 | News

Bajaj, who has been a director of the company since April 1, 1970, was last reappointed by the board for a five-year term with effect from April 1, 2015, and his term as executive chairman is expiring on March 31, 2020. Read More

reported by PTI at The Times of India

Govt plans to sell imported onion at Rs 22-23/kg to avoid rotting at port – Economic Times

by abhinav | Jan 30, 2020 | News

The central government is currently offering imported onions to state governments at an average landed cost of Rs 58/kg for further distribution in the retail market. It is also bearing the transportation cost. Read More

reported by PTI at The Times of India

Kotak Mahindra Bank: RBI accepts promoters’ voting rights to be capped at 20% by March – Livemint

by abhinav | Jan 30, 2020 | News

The RBI had asked the bank to cut promoter shareholding to 20% of paid up capital by December 31, 2018.The lender in August 2018 had proposed perpetual non-cumulative preference shares (PNCPS) to cut promoter holding to 19.70% Read More

reported by Staff Writer at Livemint.com

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