Corporates

Ajit Mohan, who will join Facebook from video streaming service Hotstar, will take up the role of managing director and vice-president of Facebook India from early next year, Facebook said.

The development came a week after the government proposed a plan to merge the three PSU banks, to create the country's third largest lender. Dena Bank said, in a regulatory filing on Monday, that its board met on the same day and approved the merger plan.

Ranveer Singh also endorses Rupa Frontline brand of inner-wear, owned by Rupa & Company, which on Thursday announced actress Anushka Sharma as a brand ambassador for its leggings brand Softline.

A stake in More could potentially help Amazon to expand grocery services such as Prime Now, which promises two-hour deliveries, beyond the four large cities it currently serves.

Calling Anushka Sharma "an organic fit to represent the brand", Kolkata-based Rupa & Company said in a filing to stock exchange BSE that her "youthfulness and passion resonates well with the overall consumer psyche". The knitwear company also announced the campaign 'Effortless You' for Softline. Anushka Sharma will endorse only leggings under brand Softline, which is also available in inner-wear and athleisure, the company said.

In June this year, Yes Bank's shareholders had approved the re-appointment of Rana Kapoor as the chief executive and managing director for three years, subject to final approval from the central bank.

Jet Airways, which is grappling with financial woes, is already under the scanner of markets regulator Sebi and the Corporate Affairs Ministry for various alleged lapses.

Amazon's latest acquisition adds more heat to the US e-commerce giant's battle with Walmart Inc in the domestic market, after Walmart acquired Flipkart for $16 billion earlier this year.

OYO says hotels in its network will benefit from its partnerships with Expedia, Booking.com and other travel platforms.

Sebi provides for an out-of-the-court settlement procedure to settle cases -- consent mechanism -- which does not warrant admission or denial of the alleged wrongdoing. ICICI Bank said that it has submitted its response to the show cause notice issued by Sebi.

Odisha has received investment proposals worth Rs 7,416 crore, mainly from Indian companies, as part of its drive to create employment, the state government said.

Vistara said bookings under the sale will begin from 12:01 am on September 19, 2018, and will close at 11:59. The 24-hour sale from the airline comes amid high competition in the country's civil aviation market.

Billionaire Anil Ambani said he is confident of getting a resolution in the next few months, and added that other monetisation measures, including sale of telecom infrastructure and fibre to Reliance Jio, are at an advanced stage of closure.

Infosys said on Monday that a tribunal has ruled in favour of ex-chief financial officer (CFO) Rajiv Bansal's severance package, rejecting the company's claim for a refund. According to the arbitral tribunal's order, the IT company is now required to pay Mr Bansal the outstanding severance amount of Rs.12.17 crore along with interest. The move comes after co-founder NR Narayana Murthy had last year, in a public spat, questioned the heavy package approved to Mr Bansal by the then management led by Vishal Sikka, who was at the time the chief executive officer (CEO) and managing director.

Shannon Liss-Riordan on Monday filed a class-action lawsuit in federal court in Manhattan on behalf of three former IBM employees who say the tech giant discriminated against them based on their age when it fired them.