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Omar Davis, veteran banker, handling Vedanta group overhaul steps down | India News

[ad_1] NEW DELHI: Omar Davis, a veteran banker who was overseeing the restructuring of Vedanta Group, has left the metals conglomerate within a year of taking the role, dealing a fresh blow to its efforts to reduce a multibillion-dollar debt load, people familiar with the matter said.Davis, who was named as president for strategy at…

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Boost for economy! October IIP growth touches 16-month high of 11.7%

[ad_1] October IIP at 16-month high! India’s industrial production in October reached a 16-month high of 11.7%, according to the Ministry of Statistics & Programme Implementation (MOSPI). This is a significant improvement from the contraction of 4.1% recorded in the same period last year. In September, industrial production had grown by 5.8%.The Index of Industrial…

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