Axis Bank and Bandhan Bank announce finance chief exits

Axis Bank’s CFO Puneet Sharma and Bandhan Bank’s CFO Rajeev Mantri both resigned within a day of each other, each citing career growth reasons. Sharma exits on 31 August after over six years at Axis, while Mantri will continue till 25 September. Two private-sector lenders saw their chief financial officers resign within a day of…

India’s industrial output growth remains unchanged at 4% in September

Manufacturing output expanded 4.8 per cent during September, while the electricity sector grew 3.1 per cent. In contrast, mining activity slipped 0.4 per cent during the period The Index of Industrial Production (IIP) growth stood at 4 per cent in September, unchanged from August, supported by growth in the manufacturing sector, according to data released…

Adani Seeks Battery Tieup With BYD in Renewables Push

The Adani Group is exploring a tieup with Chinese EV giant BYD Co. that would allow billionaire Gautam Adani’s conglomerate to manufacture batteries in India and extend its push into clean energy, according to people familiar with the matter.   Adani is personally heading discussions with BYD executives, which have taken place as recently as…

Singapore tourism board partners with IndiGo to boost India travel

The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday.   The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on Thursday.…