Business

<!-- -->Mumbai: Reliance Industries Ltd has appointed Srikanth Venkatachari as chief financial officer effective June 1, according a late evening release by the company.He takes over from Alok Agarwal, who has been CFO since 2005, and will now assume the role of senior advisor to Reliance Chairman Mukesh Ambani.Mr Venkatachari is currently the joint CFO for the company.(Except for the headline, this story...

<!-- -->Indian defence stocks have been on a steady rise. (File)Over the past one year or so, ever since Russia made its sinister intentions clear after invading Ukraine, the world has woken up to the possible threats of autocratic military powers.The lesson that India learnt the hard way was it needed to be self-reliant in the defence sector. Ever since then, Indian defence...

<!-- -->in October 2021, the country's forex kitty had reached an all-time high of $645 billion. (File)Mumbai: India's forex kitty rose by $12.798 billion to $572.801 billion in the week ended March 17, the Reserve Bank said on Friday.In the previous reporting week, the reserves had dropped by $2.39 billion to a three-month low of $560.003 billion.It can be noted that in October 2021, the country's forex kitty had reached...

<!-- -->Reliance, India's top retailer, will supply Campa to its 2,500 grocery outlets. (File)New Delhi: Industrial giant Reliance is reviving a historic local cola brand with plans to use its vast retail network, slash prices and tap nationalist sentiment to challenge U.S. beverage giants PepsiCo and Coca-Cola in a key market.Controlled by billionaire Mukesh Ambani, Reliance this month launched revamped Campa drinks, sugary...

<!-- -->The Finance Bill 2023 has proposed a marginal relief to taxpayers under new tax regime. (File)New Delhi: In a relief to taxpayers opting for new tax regime, individuals earning marginally higher income than no-tax ceiling of Rs 7 lakh will pay tax only on the differential income after the government amended the Finance Bill.The Finance Bill 2023, passed by the Lok Sabha...