Category Archives: Corporate

Rolls-Royce | Louise Öfverström appointed CFO of Power Systems

Louise Öfverström appointed CFO of Power Systems

Louise Öfverström is to become Chief Financial Officer of Power Systems, the Rolls-Royce business unit, from 1 January 2020 and a member of the board with responsibility for finance of Rolls-Royce Power Systems AG. She will be taking over from Wolfgang Widlewski.

Louise Öfverström, 44, is currently head of Controlling, Accounting & Risk at Thyssenkrupp… Read More

Beloved Qantas 747 becomes Rolls-Royce flying testbed

Beloved Qantas 747 becomes Rolls-Royce flying testbed

A much-loved Qantas passenger aircraft retired from commercial service this weekend to begin life as a Rolls-Royce flying testbed. The aircraft will be used to test current and future jet engine technology that will transform flight, reduce emissions and set new benchmarks for efficiency. The Boeing 747-400 – with the registration of VH-OJU – has been in… Read More

51st Foundation Day of the Institute of Company Secretaries of India

51st Foundation Day of the Institute of Company Secretaries

PIB News Update: The President of India, Shri Ram Nath Kovind, graced and addressed the 51st Foundation Day of the Institute of Company Secretaries of India in New Delhi today (October 5, 2019). Speaking on the occasion, the president said that in recent times, we have seen how some business enterprises have broken the trust of the people. Companies have either… Read More

S S Mallikarjuna Rao appointed PNB MD & CEO | 10 THINGS TO KNOW

SS Mallikarjuna Rao_Indian Bureaucracy_PNB_MD_CEO

Shri Ch S S Mallikarjuna Rao, 57has been appointed as Managing Director & CEO of Punjab National Bank . Earlier, he was the Chief Executive of Allahabad Bank and comes with 34+ years of banking experience behind him . His banking experience ranges from manual branch banking to core networked banking, rural orientation to Metro working, experience Read More

MCA | CCI approves acquisition of 70% shareholding in SABIC by Saudi Arabian Oil Company

Competition Commission of India(CCI)

PIB News Update:The proposed transaction entails acquisition of 70% shareholding in SABIC, currently held by the Public Investment Fund of Saudi Arabia by Saudi Aramco. Through this acquisition of shares, Saudi Aramco will acquire sole control over SABIC.

Saudi Aramco is primarily engaged in the exploration, production and marketing of crude oil and natural… Read More

Raksha Mantri commissions Indian Coast Guard Ship – Varaha

PIB News Update: Raksha Mantri Shri Rajnath Singh has called for a proactive coordination among all agencies and stakeholders involved in coastal security to achieve the common goal of national security. He was addressing a gathering at the Commissioning Ceremony of Indian Coast Guard Ship (ICGS) ‘Varaha’ in Chennai today. Raksha Mantri exuded confidence… Read More

PM meets Global CEOs and Senior Executives of leading American Companies

PM meets Global CEOs and Senior Executives of leading American Companies

PIB News Update:Prime Minister of India Narendra Modi chaired an exclusive roundtable discussion, at New York, with 42 global captains of industry from across 20 sectors. The companies that participated in the roundtable had a combined net worth of US$ 16.4 trillion, of which their net worth in India is US$ 50 billion.

The gathering included Ms. Ginni Rometty,… Read More

Steel Minister inaugurates Steel – Chintan Shivir

Chintan Shivir

PIB News Update: Union Minister for Steel and Petroleum & Natural Gas, Shri Dharmendra Pradhan participated in the Chintan Shivir: Towards a Vibrant, Efficient and Globally Competitive Indian Steel sector, organized by Ministry of Steel, here today. The event aims to bring all stakeholders together to deliberate on a roadmap for making Indian Steel… Read More

Steel Minister inaugurates Steel- Chintan Shivir

Chintan Shivir

PIB News Update:Union Minister for Steel and Petroleum & Natural Gas, Shri Dharmendra Pradhan participated in the Chintan Shivir: Towards a Vibrant, Efficient and Globally Competitive Indian Steel sector, organized by Ministry of Steel, here today. The event aims to bring all stakeholders together to deliberate on a roadmap for making Indian Steel… Read More

Vice President urges Corporate Sector to play a bigger role in nation-building activities

Vice President urges Corporate Sector to play a bigger role in nation-building activities

PIB News Update:The Vice President of India, Shri M. Venkaiah Naidu has called upon the private sector to play a bigger role in important nation-building activities such as infrastructure development and improving health and education sectors.

Inaugurating the 11th Project Management National Conference, in Hyderabad today, he said that public-private… Read More

Ministry of Finance | GST Rate on Services as Recommended by GST Council

GSTN portal

PIB News Update:The 37thGST Council met in Goa today under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman  . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Chief Minister of Goa Shri PramodSawant,  Finance Ministers of States & UTs and… Read More