MUMBAI: Bajaj Group chairman Kushagra Bajaj’s daughter Anandamayi (22) joined the $2.5-billion family business as general manager (strategy) earlier this month. Her entry into the group is part of a growing trend of women from major business families taking up management roles. Anandamayi, whose mother Vasavadatta Bajaj is the sister of Aditya Birla Group chairman…
The Confederation of Indian Industry (CII) has proposed a series of comprehensive land reforms to bolster India’s position as a global manufacturing hub. Key among these proposals is the creation of a GST-like Council to facilitate coordinated and consensus-based land reforms across the country. CII suggests standardizing stamp duty rates to a uniform 3 to…
Willy Chavarria (L); Sandals known as “huaraches” displayed at a market in Oaxaca (R) US fashion designer Willy Chavarria has said he regrets that sandals he made with Adidas copied a traditional design from Oaxaca in southern Mexico.“I deeply regret that this design has appropriated the name and was not developed in direct and meaningful…
A fresh look at US inflation trends this week is set to test Wall Street’s record run, with several strategists warning that equities may be primed for a pullback after months of near-uninterrupted gains.The benchmark S&P 500 closed on Friday up more than 8% for the year and near all-time highs, while the Nasdaq Composite…
The Reserve Bank of India (RBI) has proposed standardised forms and a uniform process for settling claims on bank accounts, safe deposit lockers and articles kept in safe custody of deceased customers, with a 15-day settlement deadline and compensation to nominees or legal heirs for delays.The central bank has issued the Draft Circular – Reserve…
JM Financial Credit Solutions Ltd (JMFCSL), a wholly-owned subsidiary of JM Financial, will sell a 2.1% stake in its home loans subsidiary to Bajaj Allianz Life Insurance Company for Rs 65.5 crore.In a regulatory filing on Sunday, JM Financial said JMFCSL has signed an investment agreement with Bajaj Allianz Life to sell 1.36 crore equity…
Malaysia Airlines Berhad sees India as an “interesting” and high-potential market and wants to be accepted as one of the country’s core service providers connecting it to the rest of the world, Group Managing Director of Malaysia Aviation Group Berhad, Izham bin Ismail has said.The Southeast Asian premium carrier, headquartered in Kuala Lumpur, operates 77…
Agriculture minister Shivraj Singh Chouhan will digitally transfer Rs 3,200 crore in crop insurance claims on Monday under the Pradhan Mantri Fasal Bima Yojana (PMFBY) to 30 lakh farmer beneficiaries. The transfer will take place during an event in Jhunjhunu, Rajasthan, attended by Rajasthan Chief Minister Bhajanlal Sharma, Union Minister of State for Agriculture Bhagirath…
Gold prices are poised to extend gains in the coming week as macroeconomic uncertainty, trade tensions and central bank buying continue to fuel investor demand, analysts said.Traders will track a string of key economic data releases, including GDP figures from the UK and EU, and US Core PPI and Core CPI data. Speeches from US…
The Indian stainless steel industry has sought anti-dumping duties on low-priced imports from select countries, citing an urgent need to protect domestic players in the face of global trade uncertainties.Jindal Stainless Managing Director Abhyuday Jindal said the Indian Stainless Steel Development Association (ISSDA), representing the industry, has petitioned the Directorate General of Trade Remedies (DGTR)…