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Tata Sons head Chandrasekaran guest at Express Adda today

N Chandrasekaran, Chairman of Tata Sons — the holding company of Tata Group — who took over the reins of the Group in February 2017, will be the guest at the Express Adda in Mumbai on Tuesday. As head of the group, with revenues of over $110 billion in FY ’18, employee strength of 7,06,511 across around 100 companies and market capitalisation of Rs 11.31 lakh crore (as on December 6, 2019), Chandrasekaran is one of the most powerful…

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Yes Bank shares tumble 5 per cent ahead of board meeting

Shares of Yes Bank on Tuesday declined by over 5 per cent ahead of the board meeting later in the day to finalise and approve the proposed capital infusion. On the BSE, the shares fell 4.98 per cent to Rs 53.40. The scrip on the NSE tumbled by 5.15 per cent to Rs 53.35. The bank had said eight investors led by Erwin Singh Braich have evinced interest to pump USD 2 billion into the lender.

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Ex-Infosys CEO Vishal Sikka joins Oracle’s board of directors

Former Infosys CEO Vishal Sikka, who recently launched his AI startup Vianai Systems, has been nominated to the board of directors of global technology major Oracle. Sikka, 52, is among the world’s leading experts in Artificial Intelligence (AI), Machine Learning and would be helping Oracle in the business value and adapt to change, the company said in a statement. “Vishal is one the world’s leading experts in Artificial Intelligence and Machine Learning,” said Oracle chairman and CTO Larry Ellison,…

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CGST collections miss target by 40% in Apr-Nov.

The Central GST collection fell short of the budged estimate by nearly 40% during the April-November period of 2019-20, according to the data presented in Parliament on Monday. The actual CGST collection during April-November stood at ₹3,28,365 crore while the budgeted estimate is of ₹5,26,000 crore for these months, Minister of State for Finance Anurag Singh Thakur said in a written reply in Lok Sabha. The Minister added that the data was provisional. In 2018-19, the CGST collection stood…

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