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Ravi will also be the managing trustee of SOT and others will be trustees. The SOT was formed in 2006 as a private discretionary trust. As per reports, SOT owns close to a 30 per cent stake in the groups holding company Shriram Capital. Representational image/By arrangement

Shriram Group puts succession plan in place

The board members have been appointed by Shriram Ownership Trust (SOT), which will function as the promoter group

1 Dec 2021 10:53 AM IST

Union Minister for Finance & Corporate Affairs Nirmala Sitharaman addresses during the launch of National Monetisation Pipeline, in New Delhi, Monday, Aug. 23, 2021. (PTI/Manvender Vashist)

Crypto bill to be tabled after cabinet nod: FM

This is a risky area and not in a complete regulatory framework. No decision was taken on banning its advertisements

1 Dec 2021 10:49 AM IST

Anil Ambani , CEO , Reliance Communications. (PTI Photo)

RBI appoints advisory panel to assist R-Cap administrator

The members: Sanjeev Nautiyal, ex-deputy MD, SBI; Srinivasan Varadarajan, ex-deputy MD, Axis Bank, Praveen P. Kadle,...

1 Dec 2021 10:47 AM IST

ATF price hiked by 7.5 pc; petrol, diesel rates unchanged for 2nd straight day. (PTI Photo)

Centre collects Rs 3.72 L cr as excise on fuel in FY21

Of this, around Rs 20,000 crore has gone to the states

1 Dec 2021 10:40 AM IST

The industrial growth measured by the Index of Industrial Production (IIP) for 2017-18 too decelerated to 4.3 per cent from 4.6 per cent in the previous fiscal. The IIP had grown by 4.4 per cent in March 2017.

Core industries output rises 7.5% in October

The combined index of 8 core industries stood at 136.2 in October 2021, which increased by 7.5% (provisional) as...

1 Dec 2021 10:39 AM IST

After delaying the launch of its electric scooter for a year, Ather Energy is finally gearing up to launch the S340 in India with bookings scheduled to begin in June 2018.

Ather starts second factory

Ather is setting up a second plant near its existing facility at Hosur in Tamil Nadu to ramp up its capacity to 4,00,000...

1 Dec 2021 10:37 AM IST

The manufacturing sector, which contracted by 1.5 per cent in Q2 FY21, staged a robust comeback with a growth of 5.5 per cent in the second quarter. (Representational Photo:AFP)

GDP grows 8.4% in Q2 amid positive signals in economy

The official data Tuesday also showed that the economy has surpassed the pre-Covid level

1 Dec 2021 1:43 AM IST

Parag Agrawal (Twitter)

Twitter's Agrawal is youngest CEO in S&P 500, nudging out Zuckerberg

Agrawal, who was appointed to succeed Twitter founder and CEO Jack Dorsey, is 37, the same age as Meta Platform Inc. CEO...

30 Nov 2021 1:58 PM IST

Union Finance Minister Nirmala Sitharaman speaks during a press conference at NMC in New Delhi, Thursday, Sept. 16, 2021. (PTI /Manvender Vashist)

No proposal to recognise Bitcoin as a currency: FM Nirmala Sitharaman

It was introduced in 2008 by an unidentified group of programmers as a cryptocurrency as well as an electronic payment...

29 Nov 2021 1:23 PM IST

Predictive analysis and data mining are usually used by companies that deal with big data.

Data centres to attract large funding

Global businesses which are into data management have also announced partnerships or acquisitions to develop capacity in...

29 Nov 2021 7:42 AM IST

Traders at Dow Jones.

Global cues stay negative for market; all eyes on GDP data

New Covid variant, FIIs' behaviour along with macro numbers will be the key factors to drive the market this week

29 Nov 2021 7:39 AM IST

Amazon, which is trying to block Asias richest man Mukesh Ambani from taking over the struggling Future retail chain, alleged last week that money from the local firm may have been diverted to other companies. (Bloomberg)

India's anti-money laundering agency summons Amazon

We are in receipt of summons issued by the ED in connection with the Future Group, an Amazon spokesperson said

28 Nov 2021 2:08 PM IST