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Chris Kempczinski, most recently president of McDonald’s USA, was named the company’s new CEO, effective immediately.McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee,…

The finance ministry has effected upfront release of capital to PSBs, with Rs 60,314 crore being infused in banks in September 2019 through recapitalisation bonds, including Rs 4,557 crore in IDBI Bank.The finance ministry on Thursday…

JLR’s performance was strong, with the Ebitda margin at 13.8% (est. of 7.7%)—one of the highest in four years.Consolidated revenue declined ~9% y-o-y to ~Rs 654.3 bn (estimates of ~~Rs 632.2 bn) in Q2FY20. Ebitda grew ~8% y-o-y to ~~Rs…

This story has been updated with a more accurate count of Chinese consumers using social media to pay.…

Traders’ body CAIT on Sunday said it will launch a nation-wide movement to protest against e-commerce majors Amazon and Flipkart, alleging that they are flouting FDI policy norms and destroying the country’s retail business.In a…

IndusInd Bank’s balance sheet was at Rs 23,000 crore at the time Sobti joined the bank, which has now grown to Rs 2.78 lakh crore.Private-sector lender IndusInd Bank on Thursday said the board of directors of the bank has finalised a…

Aramco is still holding meetings with its bankers to nail down the details of the offer, and the dividend plan and the valuation could still change. (REUTERS)Saudi Arabia will compromise on valuation to ensure the initial public offering…

MARKETWATCH FRONT PAGE In 2011, at 50, I took early retirement from my job as an air-traffic controller, left Texas and began traveling the world. See full story.How to dig yourself out of debt…

The company would also be launching a global debit card. (Image source: Uber.com)Uber is looking to empower its driver and delivery (courier) partners with a large set of financial services. The ride-hailing company recently announced…

Elaborating on the way ahead, Gill said a board committee on capital raising will be meeting next week to consider both the binding proposal and also the other ones which it has.Private sector lender Yes Bank is aiming to finish a USD…