TeamLease Services Ltd on Tuesday announced that Sunil Chemmankotil has resigned from the post of chief executive officer at its subsidiary TeamLease Digital Pvt Ltd and will be relieved from his duties on March 25.

"Sunil Chemmankotil will be relieved from the services of the company with effect from the end of business hours of March 25, 2024," the company said.

Following the withdrawal of international brands like Ritz Carlton, Four Seasons, and Park Hyatt from Russia after its invasion of Ukraine, the country's top luxury hotels are seeking partnerships with leading Indian hospitality firms to manage their properties, according to a report by Mint. Russian officials have reportedly approached Tata Group's Indian Hotels Co Ltd (IHCL), which operates Taj luxury hotels, and East India Hotels (EIH), known for The Oberoi hotels, regarding potential collaborations. However, reports indicate that neither IHCL nor EIH has shown significant interest in pursuing these offers.

Vijay Shekhar Sharma has stepped down as part-time non-executive Chairman of Paytm Payments Bank Limited (PPBL), and the board of the bank has been reconstituted.

The Reserve Bank has barred the PPBL from accepting deposits and credits from any customer post-March 15 for persistent non-compliances and continued material supervisory concerns in the bank.

Zerodha Co-Founder and CEO Nithin Kamath on Monday disclosed that he suffered a "mild stroke" six weeks ago.

"Around 6 weeks ago, I had a mild stroke out of the blue. Dad passing away, poor sleep, exhaustion, dehydration, and overworking out -- any of these could be possible reasons," he revealed in a post on X.

The Securities Appellate Tribunal (SAT) on Monday gave the market regulator 10 days to file a reply in an appeal filed by Essel Group Chairman Subhash Chandra in the alleged fund diversion case.

Chandra has sought a stay on an order by the Securities and Exchange Board of India (Sebi) issued on August 14, 2023. The tribunal had earlier granted relief to Punit Goenka, Chandra's son and the managing director and chief executive officer of Zee Entertainment Enterprises (Zee), in the same case.

SpiceJet, the low-cost airline, informed the National Company Law Tribunal (NCLT) on Monday that their disagreement with aircraft lessor Celestial Aviation is nearly resolved, with only formalities remaining.

Senior advocate Krishnendu Dutta, representing SpiceJet, informed the tribunal that substantial progress had been made, with partial payments already made, and requested an adjournment to finalise the settlement process. Consequently, the case has been adjourned to April 2024.

Another blast occurred at the Dhanamanjuri University complex in Imphal on February 24, claiming one life and injuring another amid the ongoing conflict in Manipur.

At approximately 9:30 pm, an explosion rocked the vicinity of the All Manipur Students Union (AMSU) office within the Dhanamanjuri University complex in Imphal.

Prime Minister Narendra Modi is scheduled to inaugurate the commencement of redevelopment initiatives at over 554 railway stations as part of the Amrit Bharat Station Scheme on February 26 via video conference. Additionally, he is set to lay the foundation stone for approximately 1,500 road overpasses and underpasses across various states during a virtual event that will be held at over 2,000 railway stations and function sites. The entire initiative will cost Rs 41,000 crore.

Delhi Chief Minister Arvind Kejriwal has once again opted not to appear before the Enforcement Directorate (ED) on Monday, marking his seventh consecutive absence from the summons. The Aam Aadmi Party (AAP) asserted that CM Kejriwal would not attend the ED summons and urged the agency to await the Court's decision rather than issuing repeated summons.

The ED issued its seventh summons to Kejriwal last week, seeking his presence for questioning in connection with a money-laundering case linked to the alleged Delhi excise policy scam for 2021-22.

Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country.

The media unit of Reliance, controlled by billionaire Mukesh Ambani, and its affiliates are expected to own at least 61% in the merged entity, with Disney holding the rest, the people said, asking not to be identified as the information is not public.

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