Multimillion-dollar contracts awarded by the Business Development Bank of Canada (BDC) to consulting firm McKinsey, coupled with some unusual spending choices — including a decision to fly a private chauffeur to B.C. to drive the Crown corporation’s president around — are raising eyebrows within the BDC, sources say.Current and former BDC employees say they’re alarmed at some…Continue Reading
The Greater Chennai Corporation has appointed 453 temporary teachers to cope with the increase in student strength in its schools The Greater Chennai Corporation has appointed 453 temporary teachers to cope with the increase in student strength in its schools With the student strength in its schools increasing by more than 20%, the Greater Chennai…Continue Reading
Civic body has warned of further action if delays in constructing stormwater drains continue Civic body has warned of further action if delays in constructing stormwater drains continue The Greater Chennai Corporation has penalised three contractors who delayed the work on development of stormwater drains as part of flood mitigation project.Corporation Commissioner Gagandeep Singh Bedi…Continue Reading
The stock market debut of Life Insurance Corporation of India was on Tuesday at Rs 865 per share, which is around 9% lower than the issue price of Rs 949 per share. LIC shares began trading on the BSE at Rs 867.20. The stock was trading at Rs 881.75 on the BSE at 11:12 a.m.…Continue Reading
Concrete structures put up by an erstwhile lessee on a piece of land belonging to the Thanjavur Corporation near the renovated Old Bus Stand were pulled down by the civic body authorities on Monday.The land measuring around 41,000 square feet near the Old Bus Stand was given on lease for 99 years in the 1920s…Continue Reading
SynopsisIts revenue from operation was down 1.49 per cent to Rs 1,750.06 crore during the quarter under review as against Rs 1,776.62 crore.AgenciesNew Delhi: M P Birla group firm Birla Corporation Ltd on Friday reported a decline of 59.27 per cent in its consolidated net profit at Rs 60.45 crore in the third quarter ended…Continue Reading
The ex-MLA blames the previous AIADMK govt. for city’s problems Dindigul is a corporation merely in name and though various panchayat wards were incorporated to make the erstwhile municipality a corporation, this change merely remains on paper, charges K. Balabharathi, three-time CPI (M) MLA from Dindigul.Pinpointing the failure of the previous AIADMK government for the…Continue Reading
In February this year, Baring PE had said it completed the acquisition – in an all-cash deal of $2 billion – and privatisation of Virtusa Baring Private Equity Asia (BPEA)-backed Virtusa Corporation, a provider of digital strategy, digital engineering and IT services, has announced the appointment of a CEO for global markets and industries, a…Continue Reading