Anil Ambani's RCom Enterprises pledges 12.50 cr shares with IndusInd Bank : Bulletin: Business Today
Business Today

Anil Ambani's RCom Enterprises pledges 12.50 cr shares with IndusInd Bank

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March 25, 2019

Bill Gates lauds Azim Premji for philanthropy,says his contribution will make a tremendous impact

Bill Gates has lauded Indian billionaire Azim Premji for his philanthropic activities and charitable contribution to the society. Considered as a source of inspiration for philanthropists across the world, Gates took to Twitter to acknowledge Wipro chairman Azim Premji's continued commitment to philanthropy. "I'm inspired by Azim Premji's continued commitment to philanthropy. His latest contribution will make a tremendous impact," Gates tweeted.

Lok Sabha Elections: Congress releases list of 10 candidates, Karti Chidambaram to contest from Sivaganga in Tamil Nadu

With the first phase of Lok Sabha elections 2019 just a few days away, political parties are busy announcing candidates for the polls so they can start campaigning on the ground. While the BJP announced its sixth list of 48 candidates on Saturday, the Congress came out with its eighth list comprising 38 candidates.

Ola cabs will run their business as usual, says Karnataka Minister

Two days after Karnataka Transport Department revoked the licence of Ola, Priyank Kharge, the social welfare minister in the state, tweeted that app-based cab aggregator will run their business as usual from today.Earlier this week, Karnataka government had issued a notice to suspend Ola's licence for six months for violating government rules by running motorcycle taxis which are not allowed for safety reasons.

Anil Ambani's Reliance Communications Enterprises pledges 12.50 cr shares of RCom with IndusInd Bank

Debt-ridden Reliance Communications Enterprises has pledged 4.52 per cent of its holding in Reliance Communications (RCom) amounting to 12.50 crore shares with private sector lender IndusInd Bank, according to a PTI report.With the fresh pledge on March 22, the total pledged shares by RCE now stands at 9.37 per cent of total share capital or 25.90 crore shares, it reported.

Logistics firm Delhivery raises $413 million in SoftBank-led funding round

Logistics company Delhivery Sunday said it has raised more than USD 400 million (Rs 2,766.82 crore) in a financing round led by the SoftBank Vision Fund. Carlyle and Fosun, both existing investors in Delhivery, have also participated in this round of financing, the company said in a statement.

Karambir Singh's appointment as next Navy Chief: Modi govt overlooks seniority again

After General Bipin Rawat's appointment as the Army Chief in 2016, the government has again overlooked seniority as a criterion while appointing Vice Admiral Karambir Singh, the second senior-most officer in the Navy, as the next Navy Chief. Vice Admiral Karambir Singh, who has superseded Vice Admiral Bimal Verma, will take over from Admiral Sunil Lanba who is retiring on May 31. Vice Admiral Bimal Verma is currently serving as the Commander-in-Chief of the Andaman and Nicobar Command. The government is believed to have picked the "most suitable officer" for the top job.
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