ICICI Bank gets RBI approval to re-appoint Sandeep Bakhshi as MD & CEO
ICICI Bank said that the RBI has approved re-appointment of Sandeep Bakhshi as its Managing Director and CEO. The re-appointment will come into effect on October 15 and the tenure will continue till October 3, 2023. The decision to re-appoint Bakhshi as the MD and CEO got the approval of shareholders nearly two years ago, the bank said.
Ice cream maker NOTO raises ₹4 crore from John Abraham
Low-calorie ice cream brand NOTO on Tuesday said that it has raised ₹4 crore in a pre-Series A funding round. It saw participation from a group of investors, including Titan Capital, Rockstud Capital, WEH Ventures. Actor John Abraham and a few angel investors also participated in the round.
Managements need to cut expenditure on themselves: Maruti Chairman
Maruti Suzuki India Chairman RC Bhargava said that company managements need to “curtail the kind of expenditures on themselves personally”. He further said, “Recent shareholder action seems to suggest why a section of shareholders share this view and are voting on these lines. I think that’s a good development for the whole of industry.”
Sensex hits fresh record high of 56,188, Nifty trades near 16,700
Indian benchmark indices extended their gains on Wednesday after closing at record highs on the previous day. The Sensex jumped over 200 points to hit a fresh lifetime high of 56,188.5 in early trade while Nifty 50 jumped over 70 points to hit 16,699.7, a few points below its all-time high. Tata Steel, NTPC and HDFC were among top gainers.
Most NFT (non-fungible token ) players don’t know what to do with it: Crypto billionaire Sam Bankman-Fried
Crypto billionaire Sam Bankman-Fried has said most people getting into NFTs do not know what to do with them or what the future for those digital assets could be. NFTs are going mainstream faster than anything he has ever seen. Bankman-Fried also said the NFT space is quite undeveloped right now and discussed the uncertainty surrounding its future.
India’s crude oil production falls 3.2% in July, gas output rises 18%
India’s crude oil production fell by 3.2% year-on-year to 2.5 million tonnes in July, government data showed. Oil and Natural Gas Corporation (ONGC), the country’s largest oil and gas producer, produced 1.6 million tonnes of crude in July, 4.2% lower than last year. However, the country’s natural gas production rose 18.36% year-on-year to 2.9 billion cubic metres.