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Dilip Shanghvi News
Govt appoints Dilip Shanghvi, PK Monhanty at RBI’s central board
Thu, Jan 25, 2018
The general superintendence and direction of the RBI is entrusted with the 21-member Central Board of Directors.
Future belongs to those who innovate: Netanyahu to India Inc
Thu, Jan 18, 2018
"The future belongs to those who innovate," Netanyahu said in his opening remarks at a power breakfast with top corporate honchos at the iconic Taj hotel overlooking the Arabia Sea.
Sun Pharma says sales may fall in 2018 as US market gets tougher for generic drugs
Sat, May 27, 2017
Sun Pharmaceutical Industries MD Dilip Shanghvi has said on Friday that the US sales might fall in 2018 because of pressure on drug prices, signalling tough market conditions in the United States (US) for generic drugmakers.
Reliance Industries' Mukesh Ambani tops Indian billionaire list in Forbes survey; see full list
Tue, Mar 21, 2017
Reliance Industries' chairman and MD Mukesh Ambani has topped the list of Indian billionaires featured in Forbes recent survey titled 'The World's Billionaires' with global ranking of 33 and networth of $23.2 billion, find out names of other Indians in the list.
India Post Payments Bank starts pilot services in Raipur & Ranchi
Mon, Jan 30, 2017
India Post has started operations of its payments bank on Monday on pilot basis in Raipur and Ranchi.
Fino Paytech raises Rs 149 crore from ICICI Bank's insurance arms
Wed, Jan 11, 2017
Payments bank licensee Fino Paytech on Wednesday said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek Reserve Bank of India's (RBI) final nod as it becomes a majority domestic investors-owned entity.
Chart of the day: Forbes richest Indian list
Fri, Oct 21, 2016
Forbes’ edition of most affluent Indians, released on Friday had Mukesh Ambani, managing director of Reliance Industries on top of the charts with net worth of $22.7 billion.
Mukesh Ambani tops Forbes' 100 Richest Indians list; Sun Pharma's Dilip Shanghvi bags no 2 spot
Thu, Sep 22, 2016
Reliance Industries Chairman Mukesh Ambani has grabbed the top most position in the Forbes' '100 Richest Indians' list with a net worth of $22.7 billion (nearly Rs 1,51,017.43 crore).
Patanjali CEO enters India's rich list; Ambani tops it for 5th straight year
Tue, Sep 13, 2016
Balakrishna, who owns 94% of the Patanjali company, has been named under the India's richest list 2016.
Bezos is now richer than Buffet, Mukesh Ambani jumps 2 spots
Fri, Jul 29, 2016
The fifth spot was taken by Facebook founder, Mark Zuckerberg, with the net worth of $54 billion (Rs 3.59 lakh crore).
We don't want to fight war on interest rates with banks: Paytm's Shinjini Kumar
Thu, Jun 09, 2016
Paytm payments bank's chief executive-designate Shinjini Kumar, who just joined the bank from consultancy major PwC, explained that it is "counter intuitive" for a payments bank to offer higher interest rates as it has restrictions on how it uses the deposits.
Sun Pharma shares down 5% post forecast of lower FY17 annual sales
Tue, May 31, 2016
India's Sun Pharmaceutical Industries issued a weaker-than-expected annual sales outlook as it grapples with increased competition in the United States (US) as well as supply constraints, sending its shares 5% lower.
Sun Pharma fourth quarter profit almost doubles but misses estimates
Tue, May 31, 2016
Net profit for the world`s fifth-largest generic drugs maker in the January-March quarter jumped to 17.1 billion rupees ($255 million) from 8.9 billion rupees in the same period a year earlier. But that was below a Thomson Reuters StarMine SmartEstimate of 19.14 billion rupees.
Tech Mahindra becomes third player to withdraw payments bank plan
Tue, May 24, 2016
Alibaba-backed Paytm, Reliance Industries and Airtel would have been Tech Mahindra's major competitors.
SS Mundra expresses 'displeasure' after Dilip Shanghvi cancels payments bank plan
Mon, May 23, 2016
Earlier this month, the RBI issued draft guidelines for issuing on-tap universal bank licences.
Dilip Shanghvi drops plans to form payments bank with IDFC, Telenor
Fri, May 20, 2016
India's second richest man, Dilip Shanghvi, said on Friday he had shelved plans to form a payments bank jointly with the Indian financial firm IDFC Bank and an arm of Norway`s Telenor, but did not disclose the reason.