New Delhi, June 27 (IANS) Private sector lender Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer, Ashok Vaswani, has decided not to seek reappointment after the completion of his current term on December 31, prompting the board to initiate the process of appointing a new chief executive.In a regulatory filing, the bank said Vaswani informed the board that due to personal reasons, he does not wish to seek reappointment when his current term ends.”The Board ha…
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New Delhi, June 24 (IANS) Directorate of Enforcement (ED) has conducted search and seizure operations at nine premises of Rajesh Exports Limited (REL), located in Bengaluru and Mumbai, in connection with an ongoing investigation into the company and connected persons for suspected contraventions of provisions of the Foreign Exchange Management Act (FEMA), according to an official statement issued on Wednesday.Investigation has identified multiple issues, which include non-availability of records…
Bengaluru, May 16 (IANS) Kempegowda International Airport (BLR Airport) in Bengaluru has crossed the milestone of handling 400 million passengers since its opening, while recording strong growth in passenger traffic and cargo operations during the financial year 2025–26, according to Bangalore International Airport Limited (BIAL), as stated by the Chief Ministers’ Office (CMO) on Saturday. The achievements and performance highlights were reviewed during the 134th Board Meeting of BIAL, chaired…
New Delhi, April 7 (IANS) Air India on Tuesday confirmed the resignation of Chief Executive Officer and Managing Director, Campbell Wilson. In an official statement, the airline said that a committee has been constituted to find the successor in the coming months.“Wilson had conveyed his intention to step down in 2026 to Air India Chairman N. Chandrasekaran in 2024 and, since then, has been working to ensure the organisation and leadership team is on a stable footing for the transition,” the…