Eight days after he exited GoAir as its MD, Jehangir (Jeh) Wadia stepped down as the MD of Bombay Dyeing and Manufacturing Company — the flagship of the Nusli Wadia Group.
Signalling an overhaul of the appointments process for public sector companies, the government has opted to appoint a private sector representative to head the Public Enterprises Selection Board (PESB).
Tarun Bajaj is handling two crucial portfolios — economic affairs and revenue — at a time when the economy is recovering from the Covid shock. In an interview, the top finance ministry official told TOI that revenue collections have seen a surprise recovery, while the government has pushed spending during the last two months.
