ICICI appoints Sandeep Bakhshi as COO as Chanda Kochhar goes on leave

ICICI appoints Sandeep Bakhshi as COO as Chanda Kochhar goes on leave

In a major management reshuffle, the ICICI Bank on Monday announced the appointment of Sandeep Bakhshi as the Wholetime Director and Chief Operating Officer-designate, ICICI Bank. His appointment as COO will be for a period of five years, subject to regulatory approvals. He will take over as the COO on Tuesday or on the date […]

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Good news for homebuyers! RBI revises upwards housing loan limits under priority sector

Good news for homebuyers! RBI revises upwards housing loan limits under priority sector

Housing loans of up to Rs 35 lakh, for dwellings costing less than Rs 45 lakh, will be treated as priority sector lending (PSL) to give a fillip to the low-cost segment, the Reserve Bank said on Tuesday. PSL loans are relatively cheaper than market interest rate. “With a view to bringing convergence of the […]

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Elon Musk emails staff alleging employee ‘sabotage’

Elon Musk emails staff alleging employee ‘sabotage’

Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted “extensive and damaging sabotage” to the company’s operations including allegedly making unspecified code changes to its manufacturing operating system and sending what the email said was sensitive Tesla data to unnamed third parties. Company […]

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Why Governor’s Rule in J&K when other Indian states have provision of President’s Rule

Why Governor’s Rule in J&K when other Indian states have provision of President’s Rule

With the resignation of Jammu and Kashmir Chief Minister Mehbooba Mufti, the Governor’s Rule is likely to come into effect in the restive state. This will be the eighth time that J&K would come under the Governor’s Rule in four decades. Jammu and Kashmir has come under Governor’s Rule on seven occasions in the last […]

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Ugandan wins major prize for developing bloodless malaria test

Ugandan wins major prize for developing bloodless malaria test

A Ugandan inventor has won a major prize for a device which tests for malaria without drawing blood. Brian Gitta, 24, won the Royal Academy of Engineering’s Africa Prize for a device that detects tell-tale signs of malaria by shining a red beam of light on the patient’s finger. The diagnosis is ready to be […]

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Two Indian-origin ministers in Singapore play key role in facilitating Trump-Kim summit

Two Indian-origin ministers in Singapore play key role in facilitating Trump-Kim summit

Two Indian-origin ministers in Singapore, Vivian Balakrishnan and K Shanmugam, are playing a key role in facilitating a hassle-free summit between US President Donald Trump and North Korean leader Kim Jong-un here on Tuesday. Balakrishnan, Singapore’s Foreign Minister, made important visits to Washington, Pyongyang and Beijing in recent days to ensure that there would be […]

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H-1B rejects is turning India into a new land of opportunity

H-1B rejects is turning India into a new land of opportunity

In 2014, Gaurang Poddar landed a job at Ernst & Young (EY) in New York after graduating with a degree in mechanical engineering and business administration from Carnegie Mellon University. Then the H-1B visa ground him down. The uncertainty in the timeline of securing the much sought-after visa and the procedural delays eventually forced him […]

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Home loans of up to Rs 35 lakh may cost less in metros

Home loans of up to Rs 35 lakh may cost less in metros

The decision of the Reserve Bank of India (RBI) to hike repo rates by 25 basis points, indicating tightening in the interest rates, could make all loans including home loans costlier, but the revision of housing loan limits for priority sector lending (PSL) from existing Rs 28 lakh to Rs 35 lakh may lead to reduction in the interest […]

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