Uncategorized

Murugappa Group heir fights to unseat gender bias in board MUMBAI: Valli Arunachalam, one of the heirs to the storied, 119-year old, Murugappa Group, is waging a “lonely battle” to succeed her father as a member of the male-only board of the holding company. “We are primarily seeking a board seat in Ambadi Investments, a holding company of the group, or fair market value for our stake in the company,” Arunachalam told ET over the phone from New York, where she lives. “My sister and I are qualified and experienced and hence eligible to get representation on the board.” Source:...

Air India would continue to fly, rumours of shutdown baseless, says chief Ashwani Lohani Amid privatisation talks of the national carrier Air India, its chairman and managing director Ashwani Lohani on Saturday said the airline would continue to fly and also expand. Lohani, in a tweet, said that the “ rumours about Air India shutting down or closing operations baseless.” “Rumours regarding Air India shutting down or closing operations are all baseless. Air India would continue to fly and also expand and there should be no cause for concern whatsoever to travellers, corporates or agents. Air India the national carrier...

$5-trillion economy achievable; timeframe uncertain: SBI chief HYDERABAD: State Bank of India chairman Rajnish Kumar on Saturday said the country can become a USD 5-trillion economy, but was skeptical whether it is achievable by 2024-25 as envisaged by the government. Speaking at an interactive session organsied by FICCI, he said private investment was necessary for achieving the target. “USD 5 trillion. We will definitely achieve, there is no doubt. Timeframe, I am not certain. Whether we’ll achieve in five years, it is like, a very difficult question to answer. But USD 5trillion, we will achieve for sure and again Im...

Indian-origin British MP Lisa Nandy announces bid for Labour leadership Lisa Nandy, the Indian-origin British MP, has launched her bid for the Labour leadership race, vowing to “bring the party home” to its traditional heartlands after it suffered it worst defeat in over 70 years in the December 2019 election, it was reported. The Wigan MP is the fourth contender to officially declare her bid in the race, alongside Birmingham MP Jess Phillips, Shadow First Secretary of State Emily Thornberry and Shadow Minister for Sustainable Economics Clive Lewis, reports metro.co.uk. She announced her bid on Friday in her local constituency...

Smriti Irani Explaining Why ‘Indian Women Walk Two Steps Behind Their Husband’ Wins Twitter Smriti Irani has always been vocal with her thoughts. Whether it be on Twitter, in the Parliament or in speeches, Irani’s words often seem to kick up a storm. Irrespective of controversy, or praise, the incumbent Minister of Women and Child Development and Minister of Textiles, has always been in the public spotlight – whether it be for the memes she shares on her social media, or for what she says in her speeches. Source: News18

Savitribai Phule, the revolutionary who still inspires millions As the fight to preserve India’s Constitution rages on, with students at the forefront bravely taking on the Central government and opposing the recently passed Citizenship Amendment Act (CAA), protesters are seeking inspiration from a woman leader from rural Maharashtra, who fought against huge odds for the rights of the oppressed and women’s empowerment, 120 years ago. Women and LGBTQI+ groups in Delhi, Mumbai, Kolkata, Chennai, Bengaluru, Ahmedabad and Ranchi are organising a National March to protest against the CAA-NRC-NPR on Savitribai Phule’s 189th birth anniversary on Friday,  drawing strength from this brave,...

Shiv Sena compromised on its ideology for CM’s chair: Nitin Gadkari Nagpur: Union Minister Nitin Gadkari on Friday said that Shiv Sena compromised on its ideology for the post of the Chief Minister of Maharashtra. Shiv Sena compromised its ideology for the Chief Minister`s post. Congress, NCP and Shiv Sena have come together solely for power. Shiv Sena only pretends to be `bhagwa` but in reality, it is now coloured in Congress` colours,” Gadkari said in Nagpur.  Source: Zee News

This Bengaluru-based fintech startup enables people to save, invest, and become Wealthy Benjamin Franklin famously said: “If you would be wealthy, think of saving as well as getting.” But how often does the ordinary employee have the time to draw up saving and investment plans that enable him or her to retire wealthy? Enter Bengaluru-based Wealthy, your personal wealth manager that offers tech-driven, tailor-made financial solutions. The fintech startup aims to ensure wealth creation is “easy and transparent”, by making quality financial advice accessible to everyone. Founded by IITians Prashant Gupta and Aditya Agarwal in 2015, the startup claims to...

India will face international isolation because of NRC-CAA: Shivshankar Menon India will face diplomatic isolation because of the Citizenship Amendment Act (CAA) 2019 and the National Register of Citizens (NRC), former National Security Adviser and Foreign Secretary Shivshankar Menon said here on Friday. “Cumulative effect of a series of actions, including what happened in Kashmir. We seem to know we are isolated. External Affairs Minister ducked a meeting with U.S. legislators,” said Mr. Menon while addressing a public hearing here on Friday organised by the Constitutional Conduct Group and Karwan-e-Mohabbat. Source: The Hindu

Ratan Tata moves SC against NCLAT verdict to restore Mistry Chairman emeritus of Tata Sons Private Limited Ratan N. Tata moved the Supreme Court on Friday against the National Company Law Appellate Tribunal’s (NCLAT) judgment restoring Cyrus Mistry as its chairman, saying the verdict has virtually pulled down the governance and corporate structure painstakingly built by the founders of the Indian multinational conglomerate. Tata Sons has already moved the apex court against NCLAT decision of December 18. Mr. Tata said the NCLAT judgment banked on specious arguments to find him “guilty” of acting in an “oppressive and prejudicial” manner against...