India Blog News - Page 12

PNB scam: CBI says former MD, two directors did not take 'any meaningful corrective measures' on RBI notices

In 2016, after separate incidents of misuse of the SWIFT system elsewhere, the RBI had repeatedly cautioned all banks, including PNB, and had sought details from the banks on their compliance with required cyber security controls.

Petrol, diesel hike: Centre, states must reduce excise duty, VAT on fuel, says Sachin Pilot

Pilot alleged that the BJP government had burdened people by levying more taxes on petrol products.

Retailers to move CCI against Walmart-Flipkart $16 bn deal, fear it would lead to massive job loss, be a 'nightmare for retail trade'

Global retail giant Walmart had last week approached the CCI for approval of its proposed acquisition in Flipkart, saying the deal doesn't raise any competition concerns.

PMO mulls new body to oversee governance of state-run lenders, move could dissolve Banks Board Bureau

It is learnt that the EAC proposal titled ‘Continuing Reforms In PSBs for Better Performance’ is under active consideration of the PMO and a decision to upgrade BBB is likely to be announced soon.

Sensex up 126 points on Asian cues, reverses four-session losing streak; Nifty up; Re falls 12 paise to 16-month low

The Sensex recovered 125.65 points, or 0.36 percent, at 34,973.95 while the Nifty moved up by 25.30 points, or 0.23 percent, to 10,621.70.

Rajnath Singh calls for inclusion of martyrs' biographies in syllabus to encourage patriotism

Rajnath Singh has said biographies of martyrs should be included in the syllabus

CRPF imposes restrictions in Srinagar to prevent Kashmir separatists' Eidgah march; exams postponed

Authorities imposed restrictions in parts of Srinagar city on Monday to prevent a separatist Eidgah march

Fortis stake sale: Independent director quits ahead of board meet tomorrow citing 'personal reasons'

The crucial stakeholders meeting to be held on 22 May to decide the fate of four independent directors -- Brian Tempest, Harpal Singh, Sabina Vaisoha and Gen Shergill.

Four years of NDA: Low-hanging fruits plucked but when will this regime address festering problems?

There have been a number of missed opportunities though for which the Modi government still has the time. In its fifth and final year, it must square its shoulders and address them

Petrol, diesel prices hit new lifetime highs: Petroleum minister promises govt will come out with a solution soon

Petrol prices touched a record high of Rs 76.24 per litre and diesel climbed to its highest-ever level of Rs 67.57

PNB fraud: CBI likely to approach Interpol for red corner notice against Nirav Modi, uncle Mehul Choksi

As per reports, Modi was in Hong Kong for a few days and later on, he used his Singaporean passport to avoid detection from authorities. He already holds Indian and Belgium passports.

Tata Steel’s Rs 35,200 cr Bhushan Steel deal: Why the first major IBC resolution is historic for ailing banks, investors

This resolution gives a hope to the banking sector, neck-deep in bad loans, that recovery of money is actually possible relying on the IBC channel.

Air India sale: Jet Airways' boss Naresh Goyal says could bid for troubled national carrier

Jet Airways' Naresh Goyal, who recently ruled out a stake in the embattled Air India stake sale, said that his firm has not said it will not look at Air India.

Walmart-Flipkart deal: US retail giant approaches CCI for approval of majority stake in proposed acquisition

Mergers and acquisitions beyond a certain threshold require the approval of the CCI.

ToR of 15th Finance Commission: It pays to look beyond the population criterion and work out a performance-based formula

Population has been one of the parameters but has become controversial as it has been interpreted as being discriminatory on account of the change in the base year from 1971 to 2011 for calculating allocations.

Avenue Supermarts promoter Radhakishan Damani to sell up to 1% stake in co for over Rs 888 cr

Radhakishan Damani will sell shares to comply with minimum public shareholding requirements.

SocGen's 10-week accelerator programme Catalyst calls out to fintech, tech startups and varsities

Catalyst will connect innovation experts and enterprise-relevant technology startups with Societe Generale's business leaders.

Rs 4 per litre rise in petrol, diesel prices in offing; fuel rates to return to pre-Karnataka poll hiatus margin levels

No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis.

Air India may have to abide by US norms, pay $8.8 mn penalty to passengers for delay in Delhi-Chicago flight

Air India referred to this particular incident in its plea before the High Court on 15 May. The court has sought the stands of the Centre and aviation regulator DGCA on the plea.

AirAsia India increases workforce to 2,000 as no-frills carrier to spread wings overseas later this year

AirAsia India, a 51:49 joint venture between the Tata group and Malaysian carrier AirAsia, began its operations in June 2014, and currently flies to 20 domestic destinations, with a fleet of 18 Airbus A320 planes.

NuMetal offers Rs 37,000 cr for Essar Steel, wants second round of bids opened; ArcelorMittal opposes move

Both NuMetal and ArcelorMittal put in a second round of bids after the first bids were opined to be invalid

Walmart's $16 bn investment in Flipkart could negatively impact US retail giant's earnings per share in FY19

After months of discussions, Walmart had announced the mega deal to pick up 77 percent stake in Flipkart Group holding company that is registered in Singapore.

Sensex drifts lower by 125 points on foreign fund outflows, rising oil prices; sectoral indices trade in negative zone

The 30-share index fell by 125.10 points, or 0.35 percent, to 35,024.02 in the opening trade. The gauge has lost 407.59 points in the previous three sessions.

PNB fraud: ED seizes Mehul Choksi firm's jewellery worth Rs 85 crore brought from Dubai

Mehul Choksi, along with his nephew and millionaire designer jeweller Nirav Modi, is being investigated by the ED for allegedly defrauding PNB, the country's second largest lender.

Mobile call drops: More infra needed; govt will ensure quality service, assures Telecom Secretary Aruna Sundararajan

There have been multiple reports on call drops faced by the country's nearly 1-billion mobile users and falling quality standards and the sector watchdog has also been seeking to improve the quality.

Money management: EPF is esoteric, FDs are for those who value safety; the contest is between PPF and NPS

The PPF is not employment specific. Indeed, its popularity lies in its availability for anyone who cares to save.

Flipkart, Wal-kart or Flip-Mart: In its hour of need, Walmart must focus on in-house brands and not on re-branding

Flipkart is a giant in its own right and has the ability to overshadow brand Walmart in India.

RBI advances Monetary Policy Committee meeting by a day to 4 June, increases duration to 3 days

The six-member MPC, headed by the RBI governor, sets the benchmark interest rate.

Looking for a job in the UK? Indian engineers, IT professionals, among thousands being denied skilled visas, reveals data

Indian engineers, IT professionals, doctors and teachers are among 6,080 skilled workers holding a UK job offer who were denied visas to the UK since December 2017,