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Promoters of HDIL group, Rakesh Kumar Wadhawan and Sarang Wadhawan, were arrested for alleged fraud in the PMC Bank case. At WEF’s India Economic Summit 2019, Wipro Chairman Rishad Premji emphasised on the need to make technology accessible to all. Meanwhile, US Secretary of Commerce Wilbur Ross said that President Trump had gone out of his way to have a very good relationship with PM Modi. Read for more top stories from the world of business and economy:
Rakesh is the executive chairman of HDIL, whereas Sarang is the managing director of the company. The government had issued a look-out circular to stop them from leaving the country
Premji also said that the IT services industry has changed dramatically over the last 20 years from being enterprise-focussed to customer-focussed.
Sunil Mittal said that large amount of economic value to big US companies like Facebook, Google, Snapchat rest on the people of India.
United States Secretary of Commerce Wilbur Ross says Trump has gone out of his way to have a very good relationship with PM Modi, and created history by joining Prime Minister Narendra Modi’s high profile ‘Hody, Modi!’ event in Houston last month.
Credit score will be a key determinant for charging a higher or lower interest rate over the benchmark external lending rate under the RBI-mandated repo-linked interest rate mechanism.