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Thursday, November 26, 2020

  • Indian IT industry pioneer FC Kohli dead
    on November 26, 2020 at 11:38 pm

    Faqir Chand Kohli, who sowed the seeds of the $190-billion IT industry, has passed away on Thursday. He was 96. The sector's largest company TCS, of which he was the founding chief executive, announced the death of Kohli and said it was the insistence of JRD Tata which got Kohli to join the Tata Group, which now counts on its infotech arm for a bulk of resources.

  • LVB writes off bonds worth Rs 318cr ahead of merger
    on November 26, 2020 at 11:29 pm

    A day ahead of its merger with the Indian arm of Singapore-based DBS Bank, the debt-ridden Lakshmi Vilas Bank (LVB) on Thursday has written off bonds worth Rs 318.20 crore as per the existing provisions. As per the effective date of merger notified by the Reserve Bank of India (RBI) on Wednesday, LVB will lose its identity on Friday as it amalgamates with DBS Bank India Ltd.

  • Cox & Kings promoter arrested in money laundering case
    on November 26, 2020 at 10:53 pm
  • India's green energy plan worth $20bn biz sense: PM
    on November 26, 2020 at 10:33 pm

    Universal access to electricity, the government’s “commitment and conviction” to fight climate change along with plans to rapidly expand renewable energy capacity will generate business prospects worth $20 billion, or Rs 1.5 lakh crore, every year, prime minister Narendra Modi said on Wednesday urging investors to join India’s renewable energy programme.

  • India can create $1tn eco value by 2025: Kant
    on November 26, 2020 at 10:13 pm

    Niti Aayog CEO Amitabh Kant on Thursday said digital infrastructure has become indispensable to the functioning of society and India can create $1 trillion of economic value using digital technology by 2025.

  • 'In final stages of consolidating Walmart India ops'
    on November 26, 2020 at 8:36 pm

    Flipkart Wholesale on Thursday said it is in final stages of consolidating Walmart India within its operations, and has extended offers to all employees of Walmart India's home office to join the digital business-to-business (B2B) marketplace.

  • Best movers score more in digital age: PM Modi
    on November 26, 2020 at 8:15 pm

    India, he said, is uniquely positioned to move ahead in this era as the government’s Digital India mission has ceased to be another regular initiative but a way of life that has impacted people directly. He referred to the direct benefit transfer scheme, the rapid growth of online payments, and Ayushman Bharat.