After M&A, it is the founder leaders that help the new company ease into the new business and geography. But in a peculiar event Flipkart's CEO Binny Bansal stepped down following Walmart's investigation into an allegation of "serious personal misconduct".

All these new IIMs, excluding IIM-Ranchi that is in initial stages of construction, are in the last leg of their construction. Addition funding have boosted this work, but now they are in a fix.

The proposal envisages selling about 5% equity stake in ONGC, 3% in IOCL and 10% in OIL. 

The Ministry of Labour and Employment is in the process of obtaining necessary budgetary grant and approvals of competent authorities, says the govt.

There was an increase of Rs 49,418 crore in the currency in the circulation to Rs 20.2-lakh crore during the Diwali week.