Leadership

JCB Group Announces New Deputy CEO and MD in India

The JCB Group has named Deepak Shetty as the new Deputy CEO and Managing Director of JCB India Limited. Shetty will replace Subir Kumar Chowdhury, who announced his retirement after working with JCB India for almost 15 years. Prior to this, Shetty was the Managing Director of JCB’s Global Excavator business in the UK for four years.
Startup

India’s Biggest Food Delivery Company Introduces ‘Period Leave’

Zomato has set an example for the rest to build a more inclusive culture by announcing 10 days of "period leave" per year for its female employees, including transgender people. The company's CEO stated that it 's a move that comes with an endeavor to "foster a culture of trust, truth, and acceptance". He also added, “There shouldn't be any shame or stigma attached to applying for a period leave”.
Banking

Hardayal Prasad, New MD & CEO of PNB Housing Finance

PNB Housing Finance Ltd. has announced Hardayal Prasad as the new Managing Director and Chief Executive Officer of the company. He was previously working with State Bank of India as the MD and CEO of SBI Cards, he’s a seasoned banker with outstanding experience in the credit card industry and banking. Neeraj Vyas, the current Interm MD, and CEO will be stepping down from the position on Aug 10, 2020
Startups

Govt. To Fund 234 More Agri-Startups In FY21

The agriculture ministry will be funding 234 more startups in the agriculture and allied sectors with a sum of Rs.24.85 crore. Earlier, they already funded 112 startups with a sum of Rs.11.85 crore. The aim is to promote agripreneurship by helping startups with financial support and nurture the incubation ecosystem under RKVY. The fund will be released in installments,
MSMEs

CBDT to Share Depreciation, Turnover Info of MSME With Ministry

The income tax department has announced that it will soon start sharing data related to depreciation, sales and gross turnover of micro, small and medium enterprises with the MSME Ministry. Under section 138 of Income tax act, the CBDT will share the data regarding depreciation sales of plant and machinery. This information will make sure that only those entities will qualify as MSME under new rules, that have prescribed investment in plant & machinery and turnover as reported in their ITR.
JCB Group

JCB Group Announces New Deputy CEO and MD in India

The JCB Group has named Deepak Shetty as the new Deputy CEO and Managing Director of JCB India Limited. Shetty will replace Subir Kumar Chowdhury, who announced his retirement after working with JCB India for almost 15 years. Prior to this, Shetty was the Managing Director of JCB’s Global Excavator business in the UK for four years.
Food Delivery

India’s Biggest Food Delivery Company Introduces ‘Period Leave’

Zomato has set an example for the rest to build a more inclusive culture by announcing 10 days of "period leave" per year for its female employees, including transgender people. The company's CEO stated that it 's a move that comes with an endeavor to "foster a culture of trust, truth, and acceptance". He also added, “There shouldn't be any shame or stigma attached to applying for a period leave”.
PNB Housing Finance

Hardayal Prasad, New MD & CEO of PNB Housing Finance

PNB Housing Finance Ltd. has announced Hardayal Prasad as the new Managing Director and Chief Executive Officer of the company. He was previously working with State Bank of India as the MD and CEO of SBI Cards, he’s a seasoned banker with outstanding experience in the credit card industry and banking. Neeraj Vyas, the current Interm MD, and CEO will be stepping down from the position on Aug 10, 2020
startups

Govt. To Fund 234 More Agri-Startups In FY21

The agriculture ministry will be funding 234 more startups in the agriculture and allied sectors with a sum of Rs.24.85 crore. Earlier, they already funded 112 startups with a sum of Rs.11.85 crore. The aim is to promote agripreneurship by helping startups with financial support and nurture the incubation ecosystem under RKVY. The fund will be released in installments,
CBDT

CBDT to Share Depreciation, Turnover Info of MSME With Ministry

The income tax department has announced that it will soon start sharing data related to depreciation, sales and gross turnover of micro, small and medium enterprises with the MSME Ministry. Under section 138 of Income tax act, the CBDT will share the data regarding depreciation sales of plant and machinery. This information will make sure that only those entities will qualify as MSME under new rules, that have prescribed investment in plant & machinery and turnover as reported in their ITR.

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