Indian-origin actor Dev Patel to be honoured with Asian Game Changer award for 2017

Indian-origin actor Dev Patel will be honoured with the Asian Game Changer award for 2017 by the Asia Society for making a transformative and positive difference for the future of Asia and the world. He will be felicitated with the ..

Mukesh Ambani becomes 2nd richest man in Asia

Mukesh Ambani has become the Asia’s second richest man according to the 2017 Bloomberg Billionaires Index (BBI). According to the 2017 index, Ambani’s net worth has risen to $35.8 billion (around Rs 2.2 lakh crore), making him the 19th richest ..

Axis Bank acquires Snapdeal-owned mobile wallet FreeCharge

Axis bank has acquired Snapdeal-owned mobile wallet FreeCharge in an all-cash deal worth Rs 385 crore to strengthen its position in the payments space. This acquisition is expected to help the bank take a significant step towards digital distribution of ..

RBI imposes penalty on 5 foreign banks for violating FEMA rules

The Reserve Bank of India (RBI) has slapped a fine on five foreign banks, namely, Deutsche Bank, Standard Chartered Bank, Bank of America, Bank of Tokyo Mitsubishi and The Royal Bank of Scotland for violating reporting requirements of the Foreign ..

NTPC, Nalco to set up 2,400 MW power plant in Odisha

NTPC Ltd and National Aluminium Company (NALCO) have jointly agreed to set up a 2,400 MW coal-based power project in Odisha’s Dhenkanal district. To this effect, NTPC has signed an MoU with NALCO to establish a joint venture company for developing a coal based power plant ..

Indian-American woman elected as Mayor of Californian city

In a first, an Indian-American woman, Savita Vaidhyanathan has been elected as the new Mayor of the key Californian city of Cupertino. She is an MBA and has previously worked as a high school Math teacher, an officer in a ..

Alphabet shifts self-driving cars into Waymo

Google parent company Alphabet Inc., is shifting its self-driving car project into a new business called Waymo. The company has been developing vehicle technology as part of its X research lab for the past six years. Now, a standalone business ..

Larsen & Toubro sheds 14,000 employees from its workforce

Owing to economic challenges, Larsen & Toubro (L&T) has shed 14,000 employees or 11.2% of its total workforce across businesses between April-September in the current fiscal. This is considered as one of the biggest corporate retrenchment exercises carried out in recent ..