The government has approved the appointments of 12 general managers as executive directors (EDs) of various public sector banks (PSBs).

According to sources, the Appointments Committee of the Cabinet on Saturday approved the appointments of 12 EDs.

As per the government order, Sanjay Rudra, general manager, Bank of Maharashtra, has been appointed ED, Union Bank of India.

Amid the diplomatic sparring and souring of bilateral ties in the wake of Canadian PM Justin Trudeau's allegation of Indian involvement in the killing of Sikh separatist leader Hardeep Singh Nijjar, the Special Envoy and Coordinator, Global Engagement Centre, James Rubin said the standoff was a "tricky subject" as he sought cooperation into the investigation as far as it goes.

During a virtual press briefing on October 5, the US special envoy said, This is a tricky subject. Let me just say that we support Canada's investigation.

Finance Minister Nirmala Sitharaman on Friday chaired a meeting with the heads of Multilateral Development Banks and the co-conveners of the G20 Independent Expert Group for strengthening MDBs, NK Singh and Lawrence Summers.

Under its key priority of strengthening MDBs to address global challenges of the 21st century, the G20 India Presidency had constituted the G20 Independent Expert Group on Strengthening MDBs.

IT services firm Tata Consultancy Services announced on Friday that it will consider a share buyback when the company's board meets next week to approve its second-quarter financial results.

In a regulatory filing, the company stated, "Pursuant to Regulation 29(1)(b) of the Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors will consider a proposal for buyback of equity shares of the Company, at its meeting to be held on October 11, 2023."

As the West continues to provide aid for war-torn Ukraine, Russian President Vladimir Putin stressed that Ukraine would not survive for more than "a week" without Western military and financial aid, reported Al Jazeera.

Putin made this claim on the same day when the European Union official warned that the bloc could not replace the funding gap if the US's support dries up for Kyiv.

Walt Disney Co. is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to people familiar with the matter.

The US entertainment giant’s senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options.

Amazon launched the first test satellites for its planned internet service on Friday as a rival to SpaceX's broadband network.

United Launch Alliance's Atlas V rocket blasted off with the pair of test satellites, kicking off a programme that aims to improve global internet coverage with an eventual 3,236 satellites around Earth.

Amazon plans to begin offering service by the end of next year.

The Supreme Court on Friday sought response of the Madhya Pradesh and Rajasthan governments on a PIL alleging distribution of freebies to voters ahead of assembly polls in both states.

A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra also issued notices to the Centre, the Election Commission and the Reserve Bank of India on the PIL, which also alleged that taxpayers' monies are misused by the two state governments to lure voters.

Inox Air Products plans to invest Rs 300-500 crore to establish purification facilities and a supply chain for gases used by semiconductor fabrication facilities in India, according to a report by Mint. The firm is India's largest industrial gas producer.

Siddharth Jain, managing director of Inox Air Products, told Mint that the funds will be invested on a smaller scale this year and will be scaled up in the future in tandem with the demand generated by semiconductor fabrication companies planning to set up manufacturing units in India in the coming years.

The price of 24-carat gold dipped Rs 210 during Friday's early trade, with ten grams of the precious metal selling at Rs 57,160, according to the GoodReturns website. The price of silver, on the other hand, jumped Rs 400 to Rs 71,100 per kilogram.

The price of 22-carat gold also fell Rs 190 to Rs 52,400.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.