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Sasikala to be next Tamil Nadu CM as Panneerselvam resigns

Sasikala to be next Tamil Nadu CM as Panneerselvam resigns

V K Sasikala, aide and head of late J Jayalalithaa’s domestic arrangements for about three decades, will be the next chief minister of Tamil Nadu.

She’d smoothly taken over as head of the ruling AIADMK after Jayalalithaa’s death in December, without any dissent. The entire senior leadership said they saw her as the late supremo’s successor – she was formally elected party head on December 30.

Air India plane suffers bird hit, diverted to Jaipur

Air India plane suffers bird hit, diverted to Jaipur

A Delhi-bound Air India flight from Bhopal, carrying 122 passengers and crew on board, was diverted to Jaipur on Monday after the aircraft suffered a bird hit.

All the passengers deplaned safely after the aircraft landed at Jaipur, an Air India spokesperson said.

Oxford study says 47% modern day jobs will be claimed by automation by 2033

Oxford study says 47% modern day jobs will be claimed by automation by 2033

A University of Oxford study has revealed that by the year 2033, as many as 47% of modern day job roles could be claimed by automation.

Take for instance the hospitality industry, it will experience or be exposed to technological advances in four areas in 2017.

Implementation of Smart City Project has been Shallow: Azim Premji

Implementation of Smart City Project has been Shallow: Azim Premji

Wipro Chief Azim Premji today said the implementation of smart city project in India unfortunately has been shallow, despite catching a lot of attention from Prime Minister Narendra Modi. “It is very unfortunate that the smart city project has caught a lot of attention from Prime Minister etc, but its implementation has been shallow,” Premiji said in an interaction with the students at the celebrations of Wipro’s 2016 earthian awards here.

The smart city mission is one of the flagship programmes of NDA government, which was announced on June 25, 2015.

NEET 2017 to be counted as first attempt out of three available, says CBSE

NEET 2017 to be counted as first attempt out of three available, says CBSE

The National Eligibility-cum- Entrance Test (NEET-UG) 2017 for admission to medical colleges across the country will be considered as the first out of three available attempts for all the candidates, the Central Board of Secondary Education (CBSE) clarified on Sunday.

"It has been clarified by the Medical Council of India that the attempts made by candidates for AIPMT/NEET prior to 2017 should not be counted and accordingly appearance in NEET-2017 will be counted as the first attempt for all the candidates, irrespective of their previous attempts in AIPMT/NEET," CBSE stated in a statement.

Govt rules out tax incentive beyond Rs 2 lakh for second home

Govt rules out tax incentive beyond Rs 2 lakh for second home

NEW DELHI: Ruling out rollback of the proposal to restrict tax incentive for second home to Rs 2 lakh per annum, revenue secretary Hasmukh Adhia on Saturday said there is no point in subsidising purchase of second property by those who have surplus funds.

Moreover, he added that the tax incentive for second home loan borrower is being "virtually misused."

Sensex, Nifty close marginally higher amid thin trade

Sensex, Nifty close marginally higher amid thin trade

Mumbai: The post-Budget climb went on for the third day as the Sensex managed to close at 28,241 with a minuscule gain after a monthly survey suggested that Reserve Bank has much headroom to stay accommodative in its policy meet next week.

Aided by banking and healthcare stocks, the 30-share Sensex moved sideways for much of the session before settling at 28,240.52, up 13.91 points, or 0.05%. The previous two sessions have seen a rally of 570.65 points after the Union Budget was greeted positively by investors. The 50-share NSE Nifty settled at 8,740.95, up 6.70 points, or 0.08%.

PNB to help India Post Payments Bank set up pilot branches

PNB to help India Post Payments Bank set up pilot branches

New Delhi: Public sector Punjab National Bank (PNB) on Friday said it will help India Post Payments Bank (IPPB) set up pilot branches.

India Post Payments Bank and PNB have signed a memorandum of understanding (MoU) to achieve strategic depth in financial inclusion (FI), PNB said in a statement.

NSE selects Vikram Limaye as new CEO and MD

NSE selects Vikram Limaye as new CEO and MD

New Delhi: Vikram Limaye will be the new managing director and chief executive officer (MD and CEO) of National Stock Exchange of India Ltd, said two people with direct knowledge of the matter. Limaye was chosen by a selection panel and his appointment approved by the board of India’s largest stock exchange on Friday, they said.

The appointment of Limaye, 50, currently CEO and MD of IDFC Ltd, an infrastructure financing firm, will have to be cleared by the Securities and Exchange Board of India (Sebi), the people said on condition of anonymity.

Union Bank of India, Kotak Mahindra Bank cut MCLRs

Union Bank of India, Kotak Mahindra Bank cut MCLRs

State-owned Union Bank of India and private-sector lender Kotak Mahindra Bank have reduced their marginal cost of funds-based lending rates (MCLR), effective February 1. While Union Bank’s one-year MCLR now stands 15 basis points (bps) lower at 8.5%, the corresponding figure for Kotak Mahindra Bank came down 15 bps to 8.85%.

Union Bank’s overnight MCLR now stands at 8% and those on tenures between one month and three years range between 8.2% and 8.6%. Rates are down 15 bps across tenures.

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