CEO Chanda Kochhar would be on leave during probe in Videocon loan matter, confirms ICICI Bank; Sandeep Bakhshi appointed COO

CEO Chanda Kochhar would be on leave during probe in Videocon loan matter, confirms ICICI Bank; Sandeep Bakhshi appointed COO

India's ICICI Bank Ltd said on Monday Chief Executive Chanda Kochhar would go on leave until the completion of an inquiry over an alleged conflict of interest, and named Sandeep Bakhshi, the head of its life insurance unit, as chief operating officer (COO) of the bank.

Shimla to Chandigarh in 20 minutes: Now, heli-taxi service to ply three times a week
Shimla to Chandigarh in 20 minutes: Now, heli-taxi service to ply three times a week

The to and fro heli-taxi service between this Himachal Pradesh tourist resort and Chandigarh will now ply thrice a week, Chief Minister Jai Ram Thakur said on Monday.

Irdai sets up panel to review norms for insurance marketing firms
Irdai sets up panel to review norms for insurance marketing firms

The new distribution channel of IMF was introduced in 2015 by Irdai, with the objective of increasing insurance penetration through an area–wise registration approach.

Airlines, telecom, pharma, IT may see earnings pressure in FY19
Airlines, telecom, pharma, IT may see earnings pressure in FY19

Icra report pointed out that continuing the past two-year trend, corporate earnings improved on the back of benign commodity prices and improving consumption demand. This trend continued to an extent in FY18 as healthy volume growth helped offset the impact of rising commodity prices.

Modi's powerplay! PM's UDAY scheme helps debt-laden discoms cut annual losses by 70%
Modi's powerplay! PM's UDAY scheme helps debt-laden discoms cut annual losses by 70%

The UDAY scheme has helped debt-laden discoms reduce annual losses by 70 per cent to around Rs 17,350 crore in last two years, according to the Deutsche Bank Market Research report.

Mobile devices to be exempt from testing till year end
Mobile devices to be exempt from testing till year end

Mobile devices may be exempted from mandatory testing process starting October 1 as state-run body TEC will take time beyond Diwali to get the facility ready.

Warning by Reliance Energy - May snap power supply to Mumbai colony for dues
Warning by Reliance Energy - May snap power supply to Mumbai colony for dues

Reliance Energy on Monday warned that it would disconnect power supply to the Siddharth Colony in Chembur here for non-payment of bills.

AUTOMOBILES

Jeep Compass Bedrock edition launched at Rs 17.53 lakh: 25,000 Compass SUVs already sold
Jeep Compass Bedrock edition launched at Rs 17.53 lakh: 25,000 Compass SUVs already sold

Jeep Compass Bedrock edition will be available in limited numbers and only with a diesel engine. It is based on the base variant of the Compass - Sport, but comes with a list of new equipment and cosmetic upgrades to the inside and out.

TECHNOLOGY

World's most powerful supercomputer unveiled that can complete over 200,000 trillion calculations per second
World's most powerful supercomputer unveiled that can complete over 200,000 trillion calculations per second

US scientists have unveiled the world's most powerful and smartest scientific supercomputer that can complete over 200,000 trillion calculations per second - providing unprecedented computing power for research in energy, advanced materials and artificial intelligence (AI).

SCIENCE

ISRO clears GSAT-11 for launch
ISRO clears GSAT-11 for launch

The ISRO has cleared for launch GSAT-11, the satellite which was recalled from Kourou in French Guinea for thorough checks, after losing contact with its another satellite that was launched from Sriharikota in Andhra Pradesh, in March this year, an official said

Horoscope: By Peter Vidal

Today ( 18 Jun )This Week ( 17 Jun - 23 Jun )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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