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Ashok Leyland appoints Shenu Agarwal as new managing director, CEO

Shenu joins Ashok Leyland from Escorts Kubota Ltd, where he was president

We've lowered size of policy rate change, RBI's Das and Patra tell media

Battle against inflation is far from over though the worst is behind us; moderation of inflation will be grudging and uneven, they say

Aparajitha eyes new deals after 76% stake buy in Quess Corp arm Simpliance

The firm aims to become the top player in India' compliance segment; currently has 1,700 employees and over 1,750 clients across 25 states

RBI restores pre-pandemic trading hours for some money market segments

Changes effective Dec 12; RBI had shortened market hours for all segments in April 2020

Myntra's End of Reason Sale set to cater to five million shoppers

This edition of EORS is bigger, with a 70% higher style count than the previous; will have 1.7 million styles across 6,000 popular domestic and international brands on offer

Valuations in 'high optimism zone' as Nifty forward P/E tops 20x: ICICI Sec

Historically, one-year returns for the markets have been tepid whenever valuations have been in this zone, reveals a study by the brokerage

Adani Power, Varun Beverages, ABB ripe for Nifty Next50 inclusion

Biocon, Gland Pharma, Mphasis and Bandhan Bank may move out, says note by Nuvama Alternative & Quantitative Research

Wine maker Sula's IPO to open Dec 12, size Rs 900-1,000 crore, say sources

Entire issue will be OFS of nearly 27 million shares belonging to promoters and PE investors

Find gold import and smuggling link, says FM Nirmala Sitharaman

The remarks came against the backdrop of a substantial quantity of gold seized between April last year and March this year

Credit card use at PoS higher than at e-com sites in July-Sept: Report

Attributes trend to value-added services such as EMI and BNPL which are allowing consumers to use cards for big-ticket transactions, as opposed to small-ticket earlier

Shriram Finance turns India's largest retail NBFC after merger: Group

The company has net worth of Rs 40,900 crore and assets under management of Rs 1,71,000 crore

Softbank halves stake in Policy Bazaar parent, mops up Rs 1,043 crore

Sells 22.84 million shares, or 5.08% stake, at Rs 456.4 apiece; 30 institutional investors among buyers

Tech Mahindra signs MoU with Egyptian agency for delivery centre in Cairo

Facility will serve firm's clients across telecom, oil & gas, BFSI, Energy & Utilities and public sector; company to hire 1,000 staff to serve global and local customers from centre

Two-wheeler sales rise in Nov at most manufacturers on last year's low base

Some of the uptick is also attributable to the marriage season which usually perks up the volumes in the northern part of the country

CIEL HR acquires talent assessment company, plans IPO in Q2 of FY24

Skilling solutions firm is in talks to acquire two other professional staffing companies before its goes public

Accenture partners with AWS to launch cloud acceleration platform

Accenture and AWS plan to expand their portfolio of differentiated solutions across industries to accelerate innovation powered by Velocity

BCG carves out a new unit for its digital transformation capabilities

The global consulting major said the new unit will bring together nearly 3,000 technologists, builders, and designers

Two-wheeler sales extend recovery; Hero MotoCorp posts 15.5% growth

This is the eighth consecutive month of increase in sales in the world's largest market for scooters and motorcycles

IIFL Mutual Fund launches India's first passive tax-saver fund

The scheme, which opened for subscription on Thursday, will mimic the Nifty 50 index

TCS secures contract to develop UK's rail data marketplace

The digital marketplace will bring together fragmented sources of rail data into one digital service, to accelerate innovation in the transport sector and enhance the passenger experience