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Ashwani Kumar steps down as Suzlon CEO, JP Chalasani takes over
04, Apr, 23Chalasani who has over 40 years of experience in the power sector, served as group CEO at Suzlon from 2016 to 2020. Chalasani was the chief executive and Managing Director of Punj Lloyd since January 2014. Ashwani Kumar's resignation comes despite a two-fold increase in profit for Suzlon in the October-December quarter at Rs 78 crore.
Forex reserves rise $2.8 billion to a new high of $692.3 billion
28, Sep, 24The Reserve Bank of India's foreign exchange reserves reached a new high of $692.3 billion in the week ending September 20, driven by a $2 billion surge in foreign currency assets. Foreign investors contributed $10.9 billion to Indian stocks and bonds this month, marking the highest monthly inflow this year.