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Indian-American ranked fourth among overpaid CEOs in US Sandeep Mathrani, the Indian-American CEO of property firm General Growth Properties, has been ranked fourth among the top 25 overpaid CEOs in the US, by non-profit organisation 'As You Sow'. Mathrani, with a total compensation of ₹257 crore in 2016, is overpaid by ₹170 crore, according to the report. Mass media company CBS' CEO Leslie Moonves has topped the list.
Read more at The Times Now


Railways plans to buy recycled water from private players The Indian Railways Water Policy, expected to be rolled out on March 22 (World Water Day), will spell out the way forward for all the railway zones including colonies, hospitals, factories, workshops and training centers to achieve the goal of reduced consumption and increased use of recycled water.
Read more at The News Nation


HDFC Bank to offer digital online loans against securities HDFC Bank on Wednesday launched an instant digital loan against securities (LAS) facility in collaboration with the National Securities Depository (NSDL). The bank said customers can avail themselves of overdraft facility against shares in three steps — select the shares to be pledged on net banking; accept agreement through one-time password (OTP); and pledge the shares with NSDL online through OTP.
Read more at Outlook India.


SBI, CREDAI sign MoU for development of real estate sector The State Bank of India (SBI) and the Confederation of Real Estate Developers’ Associations of India (CREDAI) have inked a Memorandum of Understanding (MoU) to jointly conduct various initiatives towards the development of the real estate sector for a period of three years.
Read more at The Hindu Business Line.


RBI removes limits on cash withdrawal from banks and ATMs All limits on savings bank cash withdrawals post-demonetisation ended on Monday, as had been announced by the Reserve Bank of India (RBI) last month. The limits on withdrawing cash from banks and ATMs end on Monday, four months after they were imposed following the demonetisation of old Rs 500 and Rs 1,000 notes, which created a currency shortage across the country.
Read more at The Hindu.


Reliance Jio, Paytm apologise for ads with PM Modi’s photos The government today said Reliance Jio and PayTm have tendered their apologies for using Prime Minister Narendra Modi's picture in their advertisements without its permission. Last month, the government had issued notices to the two companies asking them whether they had taken prior permission to use Modi's photographs on their advertisements.
Read more at Financial Express.


RBI to issue new Rs.10 currency notes soon; old notes to remain valid The Reserve Bank of India (RBI) today announced that it will soon issue new Rs 10 currency notes with enhanced security features, while clarifying that the old notes will still be valid. RBI will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter 'L' in both the number panels, bearing the signature of Dr. Urjit R. Patel, and the year of printing '2017'," RBI said in a release.
Read more at Economic Times.


Outgoing Coke CEO given pay package worth $16 million Coca-Cola CEO Muhtar Kent, who is stepping down in May, received compensation worth $16 million last year, according to a regulatory filing.Kent, 64, has overseen a challenging period for the company recently as it adapts to changing drinking habits.
Read more at abc news.


Former chief product officer of Snapdeal invests in LetsVenture Anand Chandrasekaran, angel investor and former chief product officer of Snapdeal, has invested an undisclosed amount in fundraising platform LetsVenture, the company said on Thursday. Registered in Singapore, with offices in India and the US, LetsVenture Online Pte is an online platform for fundraising and for start-ups and investors to connect.
Read more at Live Mint.


To support women founded startups, Facebook launches ‘SheLeadsTech’ Social networking site Facebook on Wednesday launched a new initiative, SheLeadsTech, to support women-founded or co-founded startups and said it will also be expanding its SheMeansBusiness program that supports women-led small businesses.
Read more at Business Today.