October 2021

Mukesh Ambani tops Hurun India Rich List 2021

Mukesh Ambani tops Hurun India Rich List 2021

Reliance Industries Limited chairman Mukesh Ambani has topped the IIFL Wealth Hurun India Rich List 2021. Adani Group chairman Gautam Adani has occupied the second spot after his net worth surged by 261 percent. Reliance Industries Limited (RIL) Chairman Mukesh Ambani continues to be India’s richest man for the 10th straight year with a net

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World Vegetarian Day: 01 October

World Vegetarian Day: 01 October

World Vegetarian Day is observed annually on October 1 globally to raise awareness about the ethical, environmental, health, and humanitarian benefits of a vegetarian lifestyle. The day was initiated by the North American Vegetarian Society in Scotland in 1977 during the World Vegetarian Congress. World Vegetarian Day is celebrated to emphasize environmental considerations, animal welfare, and rights issues, and personal

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International Day of Older Persons: 01 October

International Day of Older Persons: 01 October

International Day of Older Persons is observed globally on 1st October since 1991. The day aims to raise awareness about issues affecting the elderly, such as senescence and elder abuse, and appreciate the contributions that older people make to society. The United Nations General Assembly adopted the day on December 14, 1990. The theme of International Day of

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PK Purwar to continue as MTNL CMD till Oct 2022

PK Purwar to continue as MTNL CMD till Oct 2022

The Appointments Committee of the Cabinet extended the additional charge of PK Purwar as chairman and managing director of loss-making telecom firm MTNL for a period of one year till 14-10-2022. Purwar also holds the position of chairman and managing director of debt-ridden firm BSNL. The government has already announced the merger of BSNL and

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CEO of National Securities Depositories

Padmaja Chunduru appointed MD, CEO of National Securities Depositories

Padmaja Chunduru has been appointed managing director and chief executive officer (MD & CEO) of National Securities Depositories (NSDL). Her appointment has been ratified by the shareholders of NSDL at its meeting held on September 29, the company said in a release. She has replaced GV Nageswara Rao as the MD & CEO of NSDL.

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Piramal Group acquires DHFL for Rs 34,250 crore

Piramal Group acquires DHFL for Rs 34,250 crore

Piramal has completed the acquisition of Dewan Housing Finance Limited (DHFL) for Rs 34,250 crore which includes a cash component and non-convertible debentures. This is the first successful resolution of a financial services company under the Insolvency and Bankruptcy Code (IBC). The total consideration of Rs 34,250 crore includes an upfront cash payment of nearly Rs 14,700 crore

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RBI takes Indian Overseas Bank out of PCA Framework

RBI takes Indian Overseas Bank out of PCA Framework

The Reserve Bank of India (RBI) on Wednesday removed Indian Overseas Bank from its prompt corrective action (PCA) framework, subject to certain conditions and continuous monitoring. This means the bank will no longer face strict lending restrictions that were put in place by the RBI. RBI said that as per the published results for the

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