Vijayawada native Yellepeddi Padmasree, now Padmasree Warrior, is in the race for the post of Twitter CEO, according to a report by Bloomberg Business. The news agency said Twitter’s search firm Spencer Stuart has reached out to three or four senior business executives, including Ms. Warrior, to lead the company. Twitter...
DAC clears projects worth over Rs. 13,000 cr. The government cleared the purchase of 48 additional Mi-17 V5 helicopters and seven squadrons of Akash short range Surface to Air Missiles for the Air Force. These were part of the projects worth over Rs. 13,000 crore cleared by the Defence Acquisition Council...
Supreme Court lifts stay on Santhara ritual of Jains The Supreme Court on Monday restored the Jain religious practice of a ritualistic fast unto death by staying an order of the Rajasthan High Court, which compared it to an act of suicide. A three-judge Bench, headed by Chief Justice of India H.L....
Kohli becomes co-owner of UAE Royals Joining the IPTL bandwagon, India Test captain Virat Kohli has become co-owner of the UAE Royals, which will be led by Swiss great Roger Federer. Federer had played for Micromax Indian Aces in the inaugural season and this season he will be joined by 2001 Wimbledon...
Govt launches portal for students seeking education loans The government on Thursday said it has a launched a website, vidyalakshmi.co.in, for students seeking educational loans and five banks including SBI, IDBI Bank and Bank of India have integrated their system with the portal. The portal has been developed and maintained by NSDL...
India Post, 10 entities get nod for payments banks The Reserve Bank of India (RBI) gave approval in principle for 11 entities on Wednesday to set up payments banks. They are India Post, Reliance Industries Ltd., Aditya Birla Nuvo, Tech Mahindra, Sun Pharma, National Securities Depository Ltd., Airtel M Commerce Services Ltd.,...
Modi surprises with Rs. 1.25-lakh cr. largesse Ahead of the Assembly elections in Bihar, Prime Minister Narendra Modi announced a package of Rs. 1.25 lakh crore for the State at a function in Ara on Tuesday. The package would change the “face and fate” of the State, he said. Inaugurating several national highway...
Politicians, writers unite against move to honour Shivaji’s chronicler The ruling Bharatiya Janata Party (BJP)-Shiv Sena government’s decision to confer the prestigious Maharashtra Bhushan (Pride of Maharashtra) award on Babasaheb Purandare, a right wing chronicler of King Shivaji, has raised a political storm in the State. A Public Interest Litigation (PIL)...
RBI pays govt Rs 66,000 crore in dividend The Reserve Bank of India on Thursday paid a dividend of nearly Rs 66,000 crore to the government, the highest ever from the central bank in its 80-year history, and 22% more than it paid last year. On a point to point basis,...
PMO officials hold talks with ex-servicemen Giving credence to speculations that Prime Minister Narendra Modi might make an announcement on One Rank One Pension (OROP) from the Red Fort during his Independence Day address to the nation, officials from the PMO on Wednesday, held discussions with representatives from the United Federation...
Ten things to know about the GST Bill The Goods and Services Tax is one of the main items on the finance agenda of the BJP government. Finance Minister Arun Jaitley has said that it can raise India’s GDP by one to two per cent. As the Lok Sabha takes up...
Freedom fighters to get 218 per cent DA hike: Rajnath Pension of freedom fighters has been increased, with the introduction of a hike of 218 per cent in DA in 2014-15, Home Minister Rajnath Singh said on Sunday. In a message on the occasion of 73rd anniversary of Quit India movement, Mr....