Free Press Journal
  • Mumbai is upgrading to a more reliable and world-class lifeline – MMRC MD Ashwini Bhide

    ‘Mumbai is upgrading’ — and many are waiting to see this upgrade. But in this process of upgrade, it did stumble at a few places but that didn’t stop or delay the project. Mumbai Metro Rail Corporation Managing Director Ashwini Bhide, in an interview with Free Press Journal’s Jescilia Karayamparambil and R N Bhaskar, talks about the hiccups faced by the Metro 3 project (Colaba to Seepz).

  • Maha needs mechanism to track milk sourcing

    Mumbai : The Maharashtra government recently declared export subsidy for skimmed milk powder (SMP) to improve the farmers’ realisation. R S Sodhi, Managing Director, GCMMF, welcoming the move said that the state government will have to develop a mechanism to track milk produced in the state.

  • No plan to back out from acquisition of Ruchi Soya, says Patanjali MD

    New Delhi : Two companies, Adani Wilmar and Patanjali, are in the race to acquire debt-ridden Ruchi Soya. And no one is ready to blink. Now, Patanjali Ayurved, managing director, Acharya Balkrishna has also said that it will not back out from the race.

  • Bank of Maharashtra’s Managing Director gets bail in DSKDL cheating case

    Pune, A special Pune court today granted bail to Bank of Maharashtra’s Managing Director and CEO Ravindra Marathe in a cheating case involving city-based real estate developer D S Kulkarni and his wife, among others. Judge S N Sardesai of the special court set up under the Maharashtra Protection Of Interest Of Depositors (MPID) Act granted the relief to Marathe on a surety bond of Rs 50,000. While granting bail to Marathe,

  • Sheer brazenness of Chanda Kochhar

    The pose of injured innocence which the disgraced ICICI Bank managing director and chief executive officer, Chanda Kochhar, seeks to affect does not impress anyone. Not after the sordid facts in the public domain which speak of a clear conflict of interest in the bank’s dealings under her watch with the Videocon group and her husband’s web of companies. If she really felt wronged by the charges when they first surfaced in

  • Yamini Rao, managing director of Rao IIT Academy

    Yamini Rao, MD Rao IIT Academy on the right way to teach

    Mumbai: Apps and online teaching cannot replace coaching or for that matter school learning. “This is because there is some level of discipline and healthy stress needed,” says Yamini Rao, managing director of Rao IIT Academy. But she strongly opposes the idea of stress based on comparison.

  • Firms raise Rs 1.77 L cr from equity market

    New Delhi : Indian firms raised Rs 1,77,116 crore during 2017-18 through the equity market route, the highest amount ever raised in a financial year, says a report. IPOs and QIPs dominated the fund mobilisation route in 2017-18, the report by PRIME Database said.

  • PNB Scam: PNB CEO Sunil Mehta summoned by SFIO

    Mumbai: Punjab National Bank Managing Director and CEO Sunil Mehta today appeared before the Serious Fraud Investigation Office (SFIO) here after being summoned for recording his statement in connection with the Rs 12,636 crore fraud at the bank.

  • SC seeks Centre’s stand on Patra’s ONGC appointment

    New Delhi : The Supreme Court has sought the Centre’s response to a petition challenging allegedly arbitrary and mala fide appointment of BJP spokesman Sambit Patra (43) as an independent director of the state-owned Oil and Natural Gas Commission (ONGC) despite not being eligible for the post.

  • It is favourable time to invest in India, says LuLu Group Chairman

    Dubai : Chairman and Managing Director of Lulu Group International, Yusuff Ali said it is a favourable time to invest in India with tremendous efforts in the infrastructure sector with welcoming environment.

  • More Indians prefer US EB-5 visa route with assured migration, Green Card

    Mumbai : A large number of Indians are queuing up to invest in businesses in the US through the EB-5 Investor Visa which assures migration with a quicker eligibility for acquiring the Green Card. In the past four years or so, the number of high networth individuals, corporate executives and businessmen opting for the EB-5 visas has nearly tripled, with over 350 applications in 2016.

  • Airtel Payments Bank head Shashi Arora quits

    New Delhi: Airtel Payments Bank Managing Director and CEO Shashi Arora has resigned in the wake of the firm’s eKYC licence suspension by Aadhaar-issuing body UIDAI.

  • Mobile data traffic in India to grow eleven times by 2023, says Ericsson

    New Delhi :India, with 1.185 billion mobile users in the third quarter this year, will see a surge in mobile data traffic that is expected to grow 11 times — from 1.3 Exabytes to 14 Exabytes — by 2023, according to a report. Monthly data usage per smartphone (GB/month) in India will increase five times — from 3.9GB in 2017 to 18GB by 2023, according to the Ericsson Mobility Report.

  • HPCL acquisition: ONGC to hire independent consultant soon

    Mumbai : State-run ONGC is planning of hiring an independent consultant to evaluate HPCL’s acquisition cost, revealed ONGC, chairman and managing director, Shashi Shanker. He added that the valuation will be out days’ after the consultant is hired.

  • Maharashtra: 3-member SIT formed to probe MSRDC’s sacked MD Radheshyam Mopalwar

    Mumbai: The state government has appointed a three-member Special Investigation Team (SIT) to probe the allegations against Radheshyam Mopalwar, the sacked Managing Director (MD) of Maharashtra State Road Development Corporation (MSRDC). The SIT will be headed by former chief secretary Johnny Joseph.

  • Vishal Sikka resignation: The inside story of what went wrong at Infosys

    On Friday, in a shocking development, Vishal Sikka resigned as the Chief Executive Officer (CEO) and Managing Director of global software major Infosys Ltd. The months of trouble between the founders and management may have led to Sikka’s resignation.