Business

[ad_1] File photo: Dilipkumar Khandelwal BENGALURU: After a five-year stint, Dilipkumar Khandelwal stepped down as CEO of Deutsche India, head of global technology centres, and MD & global CIO of corporate functions in Deutsche Bank.Sources told TOI that he is beginning a new innings in the startup space.As CEO, his role was focused on optimising multiple, integrated functions that deliver solutions to the global organisation. Prior to this, he was the former managing director of SAP Labs India. He oversaw tech centres across Bengaluru, Pune, Bucharest, Berlin, and Cary. Deutsche India has 23,000 employees, with over 8,000 in the India tech centres, making up 25% of the global workforce. When TOI reached out to the firm, its spokesperson said, “This decision follows months of careful planning, and we are deeply grateful for his (Khandelwal’s) invaluable contributions to the company’s journey. […]

[ad_1] Representative image (Picture credit: X/@LupinGlobal) BENGALURU: Lupin is using Honeywell’s Solstice Air in its respiratory inhalers at scale, redefining respiratory care with near-zero global warming potential propellants. Designed for patients with asthma and chronic obstructive pulmonary disease (COPD), Honeywell Solstice Air has the potential to prevent the release of high global warming potential (GWP) molecules, marking a major step forward in helping to reduce carbon emissions.Solstice Air offers an alternative to traditional hydrofluorocarbon (HFC)-based propellants, helping to reduce greenhouse gas emissions by up to 99.9%.“ By integrating Solstice Air in our products, we are not only enhancing patient care, but we are also significantly reducing environmental impact,” said Vinita Gupta, CEO Lupin.“Solstice Air can play a critical role in ensuring that Lupin’s respiratory inhalers provide safe and effective treatment options that also leverage the latest advancements in technology to […]

[ad_1] NEW DELHI: The Reserve Bank of India (RBI) is expected to declare on Friday the dividend amount it will transfer to the central government for the fiscal year 2024-25, with indications pointing to a payout higher than the record Rs 2.1 lakh crore disbursed for 2023-24. This previous figure more than doubled the Rs 87,416 crore dividend paid for the 2022-23 fiscal, marking a significant increase in government receipts from the central bank, as reported by PTI.The decision is likely to be finalised at the RBI’s Central Board of Directors meeting scheduled for May 23. Last week, the Board reviewed the Economic Capital Framework (ECF), which serves as the basis for determining the surplus transfer to the government. This framework was adopted in August 2019 following recommendations from the Bimal Jalan-led Expert Committee, which advised maintaining the Contingent Risk […]

[ad_1] NEW DELHI: If you've lost or forgotten your Aadhaar card or number, there's no need to worry. The Unique Identification Authority of India (UIDAI) offers several easy ways to retrieve your Aadhaar details, both online and offline. You can retrieve your Aadhaar number or Enrolment ID (EID) using the "Retrieve UID/EID" option on the UIDAI website online if your mobile number is linked.Choose whether you want to retrieve Aadhaar Number (UID) or Enrolment ID (EID).Enter your full name (as per Aadhaar), registered mobile number or email, and the Captcha code.Authenticate via the OTP sent to your mobile/email.Upon successful verification, your Aadhaar number or EID will be sent to your registered mobile via SMS.This service is free of cost.If the mobile number isn't linked to Aadhaar, one needs to follow these steps:Option 1: Visit an Aadhaar Enrolment CentreVisit any Aadhaar […]

[ad_1] FLY91 announces 50% discount on base fares for defence personnel PUNE: In honour of the service of Indian armed forces personnel, FLY91 has announced a 50 per cent discount on base fares for defence personnel and their immediate families. The regional airline has also allocated special seats and additional baggage allowance as a gesture of gratitude for their selfless service rendered to the nation.The offer is valid on all FLY91 flights as part of the initiative on a first-come-first-served basis, even as armed forces personnel and their families can also avail themselves of a five-kgs extra baggage allowance per person for check-in baggage during their journey. This initiative underscores FLY91’s commitment to national service and its gratitude for the courage and dedication shown by the Indian Armed Forces in times of a national crisis, airline officials said.“FLY91 is proud […]

[ad_1] The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session. (AI image) BSE Sensex rejig: Tata Group's retail arm Trent is all set to replace FMCG giant Nestle India whilst defence PSU Bharat Electronics Limited (BEL) will replace IndusInd Bank in the BSE Sensex following the index rejig, which takes effect from June 23, 2025.The rejig for Sensex and additional indices were announced by BSE's fully-owned subsidiary Asia Index Private Limited after today's trading session.The removal of Nestle India from the index follows its poor stock performance. The FMCG company's share price has declined by approximately 5% in the previous year, falling behind Nifty's 9% gains during the same period. In contrast, Trent has surpassed the primary index, delivering 15% returns over the past 12 months.The defence sector […]

[ad_1] BENGALURU: Accenture will promote 43,000 employees in India in the 2025 financial year, marking one of the substantial increases in recent times. The company said it would promote 50,000 people globally in June, including around 15,000 people in India, according to an internal note sent by Ajay Vij, senior country managing director, Accenture in India.Accenture reset its promotion cycle, shifting it from December to June, citing better visibility of client demand. Due to the transition period, the earlier cycle in December rolled out 30,000 promotions to India-based employees. In the 2024 fiscal year, Accenture promoted 97,000 people globally through June 1, including 702 to managing directors and 64 to senior managing directors. Accenture follows a September-August financial year.Accenture has over 3.5 lakh employees in India out of the 8 lakh employees it has globally.Back in December, Accenture rolled out […]

[ad_1] NEW DELHI: Increased trade tariff uncertainty under US President Donald Trump is prompting businesses to delay or scale back investments, potentially paving the way for a global economic slowdown, according to a comprehensive analysis by Nomura Research Institute. The report warns that the unpredictability of US trade and foreign policy is already dampening investor sentiment and could have prolonged repercussions on global markets. “Businesses are likely to shelve, scale back, or delay new investments as long as concerns remain elevated, and that has the potential to trigger a global economic slowdown or recession,” the report stated. Nomura categorised the Trump administration’s tariff strategy into three phases- shock, backlash, and tactical recalibration, highlighting that the erratic nature of policymaking continues to pose systemic risks. Following the April 2 announcement of steep reciprocal tariffs, financial markets experienced what the report called […]

[ad_1] NEW DELHI: The Indian capital markets have witnessed a notable surge in retail investor participation in recent years, driven by a growing middle class and rising financial literacy.A joint report by ASSOCHAM and ICRA signifies a marked shift in investor behaviour, with a rising preference for mutual funds and systematic investment plans (SIPs), especially among individual investors.The transformation of India’s capital markets is being fueled by digital innovation, supportive regulatory reforms, and a broadening investor base, according to the reported quoted by ANI. Retail investor ownership in NSE-listed companies has grown significantly, rising from 11 per cent a decade ago to 18 per cent of total market capitalisation today.Regulatory improvements by the Securities and Exchange Board of India (SEBI) have enhanced market transparency and integrity. Key structural reforms, including the implementation of the Goods and Services Tax (GST) and […]

[ad_1] Honda Motorcycle & Scooter India Pvt. Ltd (HMSI) on Thursday announced a major expansion of its fourth manufacturing plant in Vithalapur, Ahmedabad district. The move is expected to increase the plant’s annual production capacity by 650,000 units, taking the total to 2.61 million units once the new line becomes operational in 2027.The company is set to invest approximately Rs 920 crore in the expansion. The plant is also expected to generate 1,800 new jobs in the region."HMSI currently has four production plants in India with a total annual production capacity of 6.14 million units. In addition, the cumulative production volume reached 70 million units in April of this year, after 25 years since start of production in 2001," Honda said, quoted by ANI.HMSI currently operates four manufacturing facilities across India with a combined annual capacity of 6.14 million units. […]