Hiesinger said: "Today I informed the Supervisory Board that I would like to step down from my position as CEO of Thyssenkrupp. I take this step very consciously to enable a fundamental discussion in the Supervisory Board on the future of Thyssenkrupp.
A UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Vijay Mallya who is fighting extradition to India on fraud and money laundering charges worth nearly Rs 9,000 crore.
On July 2, the rupee had hit its life-time closing low of 68.80 a dollar.
"A bad Brexit deal would cost Jaguar Land Rover (JLR) more than 1.2 billion pounds profit each year. As a result, we would have to drastically adjust our spending profile," JLR CEO Ralf Speth warned in a statement on Wednesday.
What makes the jump in Singh’s salary particularly egregious is that Fortis Healthcare, under Singh’s stewardship, reported losses of Rs 73.5 crore and Rs 74.7 crore in 2015-16 and 2016-17, respectively.
Index heavyweight Reliance Industries slumped 2.53 per cent after the conglomerate's Chairman Mukesh Ambani unveiled a mega fixed-line broadband initiative and announced plans for an e-commerce platform that may rival the likes of Amazon.
The oil-to-telecom conglomerate posted consolidated revenues of Rs 4,30,731 crore in 2017-18 and a profit after tax of Rs 36,075 crore.Reliance launches advanced fiber-based broadband connectivity service called JioGigaFiber.India’s e-commerce market is expected to grow to double its value to USD 250 billion by 2020. RIL’s big-ticket announcement is the conglomerate’s new plan to grab a share of the surge.
RIL chairman Mukesh Ambani launched a wired broadband service JioGigaFiber at the AGM. Currently available in select cities, JioFiber is a direct attempt by the Reliance group to expand its market disruptive service to the broadband sector.Currently available in select cities, JioFiber is a direct attempt by the Reliance group to expand its market disruptive service to the broadband sector.
Asian markets were trading lower as investors look for direction amid growing global trade war tensions. Wall Street closed for a public holiday.
Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nulla elementum viverra pharetra. Nulla facilisis, sapien non pharetra venenatis, tortor erat tempus est, sed accumsan odio ante ac elit./p>
