Air India CMD Rohit Nandan may get extension
Posted on 15th July 2014 |
.jpg) |
| NEW DELHI: The Modi government is likely to extend the term of Rohit Nandan as Air India's chairman and managing director (CMD). The aviation ministry has asked the UP government to allow Nandan, a UP cadre IAS officer, to stay in the central deputation job as he has already spent five years out of the state. Usually states give an extension of two more years, commonly known as "five plus two" practice in bureaucratic parlance. "The state has to agree for Nandan's cadre extension. Once their nod comes, we will decide on the issue of extending Nandan's tenure as CMD as well as the terms of the extended tenure," said a senior official. Nandan, an officer with a clean reputation, was appointed AI CMD in August 2011 and is regarded to be the airline's first successful chief in many years. He joined AI soon after Star Alliance had virtually rejected the airline's bid to be in the fold by putting its application on hold. The alliance recently admitted that the Maharaja had turned a new chapter in past three years and termed it "new AI", while admitting it to the fold last week. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for Air India CMD Rohit Nandan may get extension |
|
|
|
