Shares rose more than 2% before the market open. Photo: Bloomberg Boeing CEO Dave Calhoun will step down from the embattled plane maker at the end of the year after a series of mishaps at one of America’s most storied manufacturers. Board Chair Larry Kellner has also told the company he doesn’t plan… Continue reading Boeing CEO Dave Calhoun to step down this year, board chairman to exit | World News
Tag: Chairman
We bet on private capex to grow corporate credit, says SBI chairman
By Ira Dugal and Siddhi Nayak MUMBAI (Reuters) – State Bank of India (SBI) expects to give out 3.5 trillion rupees ($42.30 billion) in corporate loans over the rest of this financial year as private companies step up investments in key sectors, the chairman of the country’s largest lender said. The Indian… Continue reading We bet on private capex to grow corporate credit, says SBI chairman
Sales weak in Q1; will meet Rs 14k cr target in FY24: Godrej Prop chairman
Realty firm Godrej Properties’ sales performance remained muted in April-June, but the company will meet the annual target to sell properties worth Rs 14,000 crore this fiscal as housing demand continues to be strong, its Executive Chairman Pirojsha Godrej said. Its sales bookings fell 11 per cent year-on-year during the first quarter of… Continue reading Sales weak in Q1; will meet Rs 14k cr target in FY24: Godrej Prop chairman
Govt appoints Sanjay Kumar Agarwal as CBIC chairman, to succeed Vivek Johri
Central Board of Indirect Taxes and Customs The government on Saturday appointed Sanjay Kumar Agarwal as chairman of the Central Board of Indirect Taxes and Customs (CBIC). Agarwal succeeds Vivek Johri who superannuated on May 31. “The President of India is pleased to appoint Shri Sanjay Kumar Agarwal, IRS, …member CBIC as… Continue reading Govt appoints Sanjay Kumar Agarwal as CBIC chairman, to succeed Vivek Johri
India can achieve $5-trn economy target within 18 months: NaBFID chairman
K V Kamath, chairman of the National Bank for Financing Infrastructure and Development (NaBFID), expressed his confidence in India’s potential to achieve the $5-trillion economy target within 18 months. “Between 2003 and 2008, we doubled our growth, which was the fastest growth till now. There were various reasons we slowed down, but we… Continue reading India can achieve $5-trn economy target within 18 months: NaBFID chairman
Critical industrial capacity woes in Kavach rollout: Railway Chairman
The Ministry of Railways’ efforts to expedite the deployment of the Kavach anti-collision technology, amidst rising safety concerns, are being hampered by significant industrial capacity constraints, according to Anil Kumar Lahoti, the Chairman of the Railway Board. “Kavach is already in operation across more than 1,465 route kilometres (rkm) with work ongoing for… Continue reading Critical industrial capacity woes in Kavach rollout: Railway Chairman
Manipal Group chairman Ranjan Pai in talks to invest in Byju’s-owned Aakash
Manipal Group Chairman Ranjan Pai is in early discussions to invest in Byju’s-owned Aakash Educational Services Limited (AESL). According to sources in the know, Byju’s founder and Chief Executive Officer Byju Raveendran, who owns a 30 per cent stake in Aakash, is expected to partially offload his holding to Pai for $80-90 million… Continue reading Manipal Group chairman Ranjan Pai in talks to invest in Byju’s-owned Aakash
ED raids Hero MotoCorp Chairman Munjal’s residence; PMLA case registered
The Enforcement Directorate (ED) on Tuesday raided the residence of Hero MotoCorp Chairman and Managing Director Pawan Munjal after taking cognisance of a Directorate of Revenue Intelligence (DRI) case. According to a CNBC report, a case has been registered against Munjal under the Prevention of Money Laundering Act (PMLA), 2002. The DRI… Continue reading ED raids Hero MotoCorp Chairman Munjal’s residence; PMLA case registered
K’taka ministers hold talk with Foxconn Chairman on investments in state
Industries Minister M B Patil on Monday said that the Karnataka government had held “fruitful” discussions with Foxconn, a major iPhone assembler for Apple, about intended projects for which the company is keen to invest in the state. Patil, IT/BT Minister Priyanka Kharge and Foxconn Chairman Young Liu were present at the discussions… Continue reading K’taka ministers hold talk with Foxconn Chairman on investments in state
Isro gearing up to launch ‘exciting’ missions for rest of year: Chairman
According to Isro, the Gaganyaan project envisages demonstration of human spaceflight capability by launching a crew of three members to an orbit of 400 kilometres for a three-day mission Isro has lined up a series of activities over the next few months as it gears up for “exciting” missions including a GSLV launch this… Continue reading Isro gearing up to launch ‘exciting’ missions for rest of year: Chairman