Gadkari creates a storm by claiming defaulter 'Mallya-ji' is not a 'chor' : Bulletin: Business Today
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Gadkari creates a storm by claiming defaulter 'Mallya-ji' is not a 'chor'

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BusinessToday.In | December 14, 2018

Standard Chartered lays off over 200 employees in India

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters. The layoffs would not result in any branch closures in the country, according to the source. The bank is working with the affected employees on existing opportunities and fair severance packages

Gadkari creates a storm by claiming defaulter 'Mallya-ji' is not a 'chor'

Union Minister Nitin Gadkari has said that it is unfair to tag a "one-time loan defaulter Vijay Mallyaji" as a "chor" (thief), adding that the embattled businessman has a four-decade-long track record of timely debt servicing.Gadkari, however, clarified that he has no business dealing with Mallya, who faces extradition from the UK for alleged bank fraud and money laundering amounting to an estimated Rs 9,000 crore.
Led by FM, Modi ministers say RBI policies were 'unreasonable' under ex-Governor Urjit Patel

Under fire for the surprise resignation of governor Urjit Patel, senior Union ministers went on offensive on Thursday, decrying RBI policies as "unreasonable" and also justified the discussions under the never-before-used Section 7. The counter was led by finance minister Arun Jaitley himself, who, while admitting that government has issues with the central bank on credit flow and liquidity, said the government has begun "discussions" with it to rectify the same.
'Operational independence' of RBI important for carrying out responsibilities: International Monetary Fund

The International Monetary Fund (IMF) on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities. IMF Director Gerry Rice said this in response to a question on the recent developments at the RBI. He, however, added that his views were in the context of international experiences.
Uday Shankar appointed Walt Disney Asia Pacific president

The Walt Disney Company announced the appointment of Uday Shankar as president of its Asia Pacific unit. The appointment is part of Disney's integration planning for its acquisition of 21st Century Fox and strategic alignment of its consolidated international business units. Shankar, who currently serves as president, 21st Century Fox, Asia, and chairman and CEO of Star India, will become chairman, Star and Disney India, and president, The Walt Disney Company Asia Pacific
Tata Motors, Ford, Nissan to hike prices from January

Automobile manufacturers, Tata Motors, Ford India and Nissan India Thursday announced plans to hike prices of their passenger vehicles from next month to partially offset the impact of rising input costs. Nissan India said it will increase prices by up to 4 per cent across its models.Maruti Suzuki, Toyota Kirloskar, BMW, Renault and Isuzu have already announced price hike from next month citing impact of increase in commodity prices and foreign exchange rates
Google launches 'Shopping' in India to woo online shoppers

Tech giant Google yesterday unveiled 'Google Shopping' in India that will allow users to easily filter through offers, review prices from multiple retailers and find products that they are looking for.The personalised experience will be available across various Google products -- a Shopping home page, Shopping tab on Google Search and through Google Lens. Customers will be able to see trending products across different categories, various deals, and compare prices using the new offering. For retailers, the company will offer its 'Merchant Center' in Hindi
Vijay Mallya congratulates Sachin Pilot, Jyotiraditya Scindia on poll victories; Twitterati heaps sarcasm

Fugitive liquor baron Vijay Mallya congratulated Sachin Pilot and Jyotiraditya Scindia over their victorious runs in the state assembly elections in Rajasthan and Madhya Pradesh elections, respectively. In a tweet earlier today, Mallya wished well to the young politicians from the Indian National Congress who played a crucial role in securing the win for their party in respective states. As expected, this got people talking, with some sarcastic retorts asking Mallya to come to India and congratulate Pilot and Scindia in person



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