RBI Lokpal Scheme: Know Com

RBI Lokpal Scheme: Know Com

Role of RBI Ombudsman RBI Ombudsman is an independent grievance redressal authority for customers of RBI-regulated entities. It provides a free, accessible and non-adversarial mechanism to resolve complaints when a regulated entity has not satisfactorily addressed a customer’s complaint. “Apart from resolving individual disputes, the Lokpal also promotes greater accountability, transparency and higher customer…

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Tata group hopes from auto business

Tata group hopes from auto business

Tata Group expects its automotive business, including passenger and commercial vehicles, to grow to US$100 billion over the next five years, with a capital expenditure target of Rs 40,000 crore in the domestic business and about Rs 20 billion (British) pounds for JLR, Tata Group Chairman N Chandrasekaran said on Wednesday. Answering questions from shareholders…

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Delhi High Court ordered reinstatement

Delhi High Court ordered reinstatement

The Delhi High Court on Tuesday directed the restoration of the X (formerly Twitter) account of satirical social media group, Cockroach Janata Party, after the Center informed the court that it now has no objection to restoring the account. Justice Swarn Kanta Sharma allowed the petition filed by the group’s founder Abhijit Dupke and quashed…

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Adani case: New York judge's question

US court unlikely to reject DO

US legal experts said it would be highly unusual for a federal court to reject the Justice Department’s request to dismiss the criminal case against Indian billionaire Gautam Adani, as prosecutors have outlined detailed legal and policy reasons for seeking to dismiss the indictment. Under Rule 48(a) of the Federal Rules of Criminal Procedure, the…

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What is the Centre's proposed share?

What is the Centre’s proposed share?

Last month, Sarvam AI became India’s latest artificial intelligence (AI) unicorn. After days, The Economic Times It was reported that the Center was considering picking up 1-2 per cent stake in the Bengaluru-based startup through extended compute support under the IndiaAI mission. As the race to build sovereign AI capabilities intensifies, India is trying to…

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Nike names David Denton as CFO

Nike names David Denton as CFO

Former Pfizer executive David Denton steps into the role of CFO amid a sharp decline in the stock. Nike Inc. said Tuesday it has appointed David Denton as its next chief financial officer, tapping the former finance chief of Pfizer Inc. to help stabilize a company that has navigated one of the toughest stretches of…

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Congress accused the center

Congress accused the center

The Congress on Monday accused the Modi government of putting India’s education system in “ICU” and stressed its demands that Education Minister Dharmendra Pradhan should resign, his alleged links with the paper leak mafia should be investigated and there should be comprehensive reforms in the system. Party leader and NSUI in-charge Kanhaiya Kumar said that…

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Shyama Prasad Mukherjee: A Life

Shyama Prasad Mukherjee: A Life

Today, July 6, is a special day for countless people who cherish the ideals of nationalism and selfless service. We celebrate the 125th birth anniversary of Dr. Syama Prasad Mukherjee, whose life is a timeless example of courage and unwavering commitment to Mother India. Few leaders in modern India embody the seamless fusion of intelligence,…

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FMCG companies are optimistic about demand

FMCG companies are optimistic about demand

Leading FMCG manufacturers have expressed optimism on consumption trends, growth prospects and margin improvement for the current financial year, although they continue to monitor inflation pressures and the potential impact of El Nino-induced weather instability. Fast-moving consumer goods (FMCG) companies said in their respective first quarter business updates that demand conditions remain resilient, supported by…

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