Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

The rupee weakened by 9 paise to 73.92 against the US dollar in early trade Tuesday on increased demand for the American currency from banks and importers.

At the Interbank Foreign Exchange, the domestic currency opened higher at 73.79 but lost ground and fell to 73.92.

The Delhi Metro's Pink line will be opened by Diwali, according to various media reports. Pink line for Shiv Vihar-Trilokpuri Metro was scheduled to be opened in August as per a previous plan but then the deadline got extended.

Pink Line Metro will ease connectivity between North East Delhi and South Delhi by connecting Shiv Vihar and Lajpat Nagar.

Diwali has come early for e-tailers like Amazon and Flipkart whose Great Indian Festival and Big Billion Days Sales got over recently. With the 5-day long sale fst, both Amazon and Flipkart have amassed a whopping Rs 15,000 crore.

RedSeer Consulting in its report said e-tailers had a better sales performance over the five festive days from October 9-14, generating about Rs 15,000 crore (around USD 2 billion) in sales.

Jamaat-ul-Mujahideen, the Bangladeshi terror outfit, is planning to carry out serial blasts during Durga Puja celebration in West Bengal.

According to latest intelligence report, four JMB terrorists have sneaked into West Bengal. Intel inputs suggest that three locations in North Bengal - Jalpaiguri, Coochbehar and Siliguri are under the radar of the JMB terrorists.

Shares of Hathway Cable and DEN Networks rallied up to 8 per cent in opening deals on Tuesday on reports that Mukesh Ambani led-Reliance Industries may soon buy controlling stakes in two of India’s largest cable TV and broadband service providers, Hathway Cable & Datacom, and DEN Networks, as it seeks to ramp up coverage of its ambitious high-speed broadband network.

Tata Consultancy Services (TCS) will offer 40 per cent more jobs to fresh engineering graduates during the ongoing campus placements this year, compared to last year. Stronger demand across key sectors and geographies for the company’s services had prompted this decision.

The Mumbai-headquartered company said it would make offers to 28,000 candidates, who are being selected through a National Qualifier Test. This selection process has been introduced this year.

Following Google’s exit from a controversial US military Cloud project, an open letter claiming to be from an unspecified number of Microsoft employees has urged the tech giant to also back out of the military project.

Potentially worth up to $10 billion, “Joint Enterprise Defense Infrastructure (JEDI)” is a Cloud computing contract aimed to bring the entire military under the envelope of a single Cloud provider.

NEW DELHI: Infrastructure major Larsen and Toubro (L&T) Monday said that its heavy engineering arm has bagged additional orders worth over Rs 1,000 crore during the September quarter.

The L&T Heavy Engineering, the heavy engineering arm of Larsen & Toubro, has secured additional orders worth 1,050 crore in the second quarter this fiscal.

Fuel prices continued to rise across the four major metros on Sunday even as Prime Minister Narendra Modi prepares to meet oil company chiefs here on Monday to take stock of the global energy scenario.

In the national capital, petrol was priced at Rs 82.72 per litre, up from Rs 82.66 on Saturday, data on the Indian Oil Corporation website showed.

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