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Air India issues gag order on employees, warns of 'action' for interaction with media sans CMD's prior approval
Business

Air India issues gag order on employees, warns of 'action' for interaction with media sans CMD's prior approval

The communication also comes against the backdrop of instances where representatives of some Air India unions publicly criticised efforts to privatise the loss-making airline.

Ashwani Lohani, ex-Railway Board head, appointed chairman of Air India; second stint as chief of national carrier
Business

Ashwani Lohani, ex-Railway Board head, appointed chairman of Air India; second stint as chief of national carrier

Ashwani Lohani's first tenure as chief in national carrier Air India was from August 2015 to August 2017

Religare approaches Corporate Ministry with complaint against Singh brothers, ex-chairman Sunil Godhwani
Business

Religare approaches Corporate Ministry with complaint against Singh brothers, ex-chairman Sunil Godhwani

Earlier on Wednesday, Religare Finvest lodged a criminal complaint with the Economic Offences Wing (EOW) of the Delhi Police against the Singh brothers.

CIC asks HUDCO about 'ostentatious gifts' given by CMD, accuses body of being non-transparent
India

CIC asks HUDCO about 'ostentatious gifts' given by CMD, accuses body of being non-transparent

CIC has asked the HUDCO to disclose the details of those who have received the Mont Blanc pens, iPhones and iPads as gifts from its CMD in the last three years.

Panasonic launches 'StepFit', personal fitness trainer
News & Analysis

Panasonic launches 'StepFit', personal fitness trainer

Panasonic India on Wednesday launched its new personal fitness trainer "StepFit" at Rs 39,990 which can be used by people in all ages.

Modi govt scraps selection of CMDs for 6 PSU banks, initiates probe
Corporate

Modi govt scraps selection of CMDs for 6 PSU banks, initiates probe

Government on Monday scrapped the selection of six PSU bank heads during UPA tenure following a high-level panel finding irregularities in the process followed.<br />

CVC seeks power to initiate action against public sector bank CMDs, EDs
Economy

CVC seeks power to initiate action against public sector bank CMDs, EDs

The Central Vigilance Commission (CVC) has sought powers to probe corruption charges against Chairman and Managing Directors (CMDs) and Executive Directors (EDs) of public sector banks and insurance companies.

Syndicate Bank scam fallout: Govt considers splitting CMD post in public banks
Corporate

Syndicate Bank scam fallout: Govt considers splitting CMD post in public banks

Last week, Finance Minister Arun Jaitley had said the government was taking steps to professionalise the management and help them strengthen the risk management system in the public sector banks.<br />

Air India CMD Rohit Nandan may get a 2 year extension
Corporate

Air India CMD Rohit Nandan may get a 2 year extension

Nandan's tenure has also seen hiving off of two subsidiaries - MRO and Ground Handling - and the painful integration process of esrtwhile Air India and Indian Airlines finally getting completed.

Air India salary is a puzzle: CMD poorer than clerks
Business

Air India salary is a puzzle: CMD poorer than clerks

At Rs 1.30 lakh a month, the CMD's take home salary of around Rs 80,000 is equivalent to the salary of 500 clerical staff who draw anything between Rs 60,000 to Rs 1.30 lakh