Bagchi has spent most of his career inside the ICICI group. A chemical engineer from IIT Kanpur, he joined ICICI after an MBA in finance from IIM Bangalore. MUMBAI: For a bank that has long been a training ground for financial-sector talent, there is a certain symmetry in Anup Bagchi becoming the first outsider to…
Official data showed that the GST growth in Sept, based on transactions in Aug, was powered by a 26% jump in integrated GST on imported goods to Rs 65,525 crore as higher commodity prices and a weaker rupee drove up the import bill. NEW DELHI/MUMBAI/CHENNAI: It turned out to be a strong end to the…
HDFC Bank appointed Anup Bagchi as MD & CEO from Oct 27, succeeding Sashidhar Jagdishan, while Anup Kumar Saha will be Kotak Mahindra Bank chief for three years from Jan 1, 2027, succeeding Ashok Vaswani. MUMBAI: It was a day of coincidences in the banking sector. Two private banks, two new CEOs named Anup, both…
The sister-in-law also submitted a written statement to support the man’s version. (Image for representative purpose only) An income tax raid is conducted and foreign currency is found, but it doesn’t belong to you – what happens then? A few months after demonetisation, the Income Tax Department searched a man’s property in Delhi.During the operation,…
After securing the job, she allegedly left her in-laws to deal with financial hardship and other difficulties on their own. (AI image for representative purpose only) It is a known practise for government jobs to be offered to the family of the deceased if the employee has passed away while still in service. The aim…
The new rules, effective October 15, limit dealers to 1,000 quintals and require stocks to be sold within 15 days of receipt. NEW DELHI: The Centre has further tightened stock limits for sugar dealers ahead of the festive season, capping inventories at 1,000 quintals and restricting the holding period to 15 days in a move…
Since the vehicle was insured, the man expected the insurance policy to cover the loss. (Image for representative purpose only) You leave your punctured car on the roadside and in the morning it is found burnt. Should the insurer give a payout? In one such case a man’s BMW developed a tyre puncture on the…
India’s growth momentum holds as finance ministry sees 7.3% Q2 expansion (representative image) India’s economy is estimated to have grown 7.3% in the September quarter of the current financial year, slowing from the 7.8% expansion recorded in the April-June period, according to the finance ministry’s latest Monthly Economic Review released on Thursday.The ministry said the…
Companies are cutting some mid-career and routine roles while continuing to hire specialist freshers. At a time when layoffs in the IT sector globally grab headlines every few weeks, what’s happening in Indian IT this year? The Indian IT jobs market is going through a shift that is increasingly more structural than cyclical – new…
The technology used to produce premium-quality Waste Plastic Modified Bitumen was developed by IIT (BHU). (Image for representative purpose only) In a first for the road sector, the Nitin Gadkari-led Road Transport Ministry has used waste plastic in a wet mix with bitumen to construct a bituminous stretch of a national highway. The initiative could…
