Private lender YES Bank is expected to complete the selection process to replace Rana Kapoor as managing director and chief executive officer in another two months. December 15 is a cut-off that the bank has set for itself, a source in the know said.

The Reserve Bank of India (RBI) wants adequate time to vet YES Bank’s choice of Kapoor’s successor, before the new chief can take charge on February 1, 2019. In order to comply with the timeline, the bank plans to send its preferences to RBI for approval around mid-December.

ICICI Bank’s former managing director and chief executive officer (MD and CEO), Chanda Kochhar, has sought more time to appear before the Securities and Exchange Board of India (Sebi) for a personal hearing, said a source in the know.

Kochhar has been issued a showcause notice by the regulator for alleged violation of the code of conduct.

Making a sharp U-turn, the rupee on Monday opened 23 paise lower at 73.80 against the US dollar. Minutes later, the currency slipped 32 paise to hit 73.89 levels.

The domestic currency strengthened by 55 paise to settle at 73.57 on Friday, marking its biggest gain in over three weeks as global crude prices eased and domestic indices staged a smart rebound.

Union minister M J Akbar, facing charges of sexual harassment that go back to his time as newspaper editor, has not only refused to step down but insinuated that the approaching Lok Sabha elections had a bearing on the allegations.

Speaking on Sunday after his return from his official visit abroad, he said he would take legal action against the women who had alleged sexual harassment by him.

India lost 2-4 to Malaysia in the final of the men's hockey 5s competition at the third Youth Olympic Games to settle for the silver medal on Sunday.

Skipper Vivek Sagar Prasad's brace went in vain as Malaysia made a valiant fight back in the second half to clinch the yellow metal.

Mumbai: Indian equity markets rose the most in nearly two-and-a-half years on Friday, recouping most of the losses from Thursday, in sync with a bounceback in world equities. A a recovery in rupee also helped the sentiment.

The BSE’s 30-share Sensex rose 2.15% or 732.43 points to close at 34,733.58 points, while the National Stock Exchange’s 50-share Nifty closed 2.32% or 237.85 points up at 10,472.50 points.

BENGALURU: Tata Consultancy Services (TCS) is giving offers to 28,000 campus recruits this year, the highest number of offers it has made to freshers in the last three years, signalling a strong demand pipeline for its services.

In each of the last two years, the company made 20,000 offers to freshers. “We are seeing good demand in terms of business and growth.

MUMBAI: A Dubai-bound Air India Express Boeing 737 aircraft was diverted to Mumbai for an emergency landing hours after it was discovered that the underside of the plane had been badly scraped when it hit the airport compound wall while taking off from Trichy.

Although the plane was damaged and the wall broke when the wheels of the aircraft rammed into it during take-off, the pilot continued to operate the plane saying the systems were operating normally.

If you are an Internet banking user of State Bank of India (SBI), you have to register your mobile number with the bank by December 1, 2018. If you do not register it before the deadline, you will not be able to access your net banking account after December 1, i.e., it will be blocked.

Day four of Amazon’s Great Indian Festival sale has plenty of discounts lined up across televisions, washing machines and laptops.

TCL (49) 4K Ultra HD Smart LED TV see a discount of 40 % to Rs. 29,990 from the earlier price of from Rs 49,990. Buyers also get no cost EMI up to 9 months starting Rs 3333 per month.

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