India Blog News - Page 23

Jet Airways, SpiceJet, Air Asia to add new aircraft to their fleet to meet domestic, international demand

Jet Airways hopes to close a deal to buy another 75 narrowbody jets by the end of March, its CEO Vinay Dube told reporters on the sidelines of the airshow.

PNB-Nirav Modi fiasco: When all has been said and done, what kind of a banking system will we be left with?

Government ownership banks – public sector banks (PSBs) account for more than 70 percent of the system, both on the deposit and credit sides – has made us complacent about their fate.

PNB scam: Did UPA cook up 80:20 scheme to aid the Choksis and Nirav Modis; is Raghuram Rajan guilty of ignoring early warning?

The PNB scam was not about hoarding of gold but outright fraud conducted by diamantaire Nirav Modi in collusion with certain bankers forging Letter of Undertaking (LoU) from the bank for a good seven years

India’s missing employment data: We aren’t better off as a nation living in the dark about job scenario

The last time the labour bureau released job data, it showed unemployment in the country rose to a five-year high of 5 percent in 2015-16.

International Women's Day: NITI Aayog to launch entrepreneurship platform for women

The Women Entrepreneurship Platform will provide opportunities to women realize their entrepreneurial aspirations, scale-up innovative initiatives and chalk-out sustainable, long-term strategies for their businesses.

7th Pay Commission: Dearness allowance hiked to 7% from 5% for govt employees, pensioners

The hike in dearness allowance will benefit about 48.41 lakh central government employees and 61.17 lakh pensioners.

Paytm's Vijay Shekhar Sharma is youngest Indian billionaire in Forbes list; Samprada Singh of Alkem Lab, oldest

Sharma, ranked 1,394th on the list with a fortune of $1.7 billion, is the only Indian billionaire in the under-40 league.

You can buy only 92 sq metres for $1 mn in Mumbai, ranking it 16 among top 20 costliest cities globally: Knight Frank report

Mumbai ranks in the top 20 with Delhi at 22nd and Bengaluru at 26th positions respectively in terms of wealth alone

Gitanjali Gems falls 5%, hits fresh 52-week low; ICICI Bank stock dips 3% on SFIO probe

The agency yesterday arrested Vipul Chitalia in the Rs 12,636-crore PNB scam and claimed that he was a "mastermind" who reported directly to diamond trader Mehul Choksi.

PNB Scam: CBI, ED on verge of becoming blood hounds for Raid Raj; could imperil banking system

The way the CBI and ED have been pursuing cases of alleged irregularities in the banking and finance sector is bound to send a chill down banking and corporate sectors and make them common hate figures.

Aircel files for bankruptcy: Why consolidation is the way forward for telecom industry

What happened to Aircel was neither sudden nor unexpected; the rapid and unprecedented market consolidation is changing the workings of the telecom market like never before

PNB scam: RBI should regulate using legal, coercive powers and not through requests, entreaties

While the laws empower RBI to adopt formal, legal means to establish rules and enforce them, the central bank often uses informal means.

Masti ki Paathshala: A democratic learning centre comes up in Alwar, Rajasthan thanks to a former teacher; seeks funds for 500 more schools

Masti ki Paathshala operates in the problem-solving mode where real life problems are posed to children.

Rs 12,700 cr PNB scam: NCLT restrains Nirav Modi, Mehul Choksi, 60 entities from selling their assets

The National Company Law Tribunal (NCLT) has passed the directions against Nirav Modi and Mehul Choksi, the alleged main perpetrators of the fraud, as well as their firms and relatives, among other entities, as per a public announcement by the corporate affairs ministry

PNB scam: Noose tightens around Nirav Modi, DRI to move against fugitive diamantaire for duty evasion

Nirav Modi and Mehul Choksi, who are said to have left the country before criminal cases were registered, had failed to appear before the ED, promoting the agency to move the PMLA court for issuance of NBWs against them

PNB scam: Who will audit the auditors, police the police and judge the judges? Nirav Modi gave a wake-up call to govt

For too long have auditors taken smug shelter behind the watchdog-not-bloodhound defence.

India will retain position of fastest growing economy in coming decades like China did, says Arun Jaitley

The world keep facing its challenges and (in) the last few years India has started leaving its footprints behind.

Zomato co-founder Pankaj Chaddah quits after working for a decade in food ordering app firm

Zomato was founded in 2008 by Goyal and Chaddah. It currently operates in 24 countries, including Australia and United States.

Aircel bankruptcy proves a point: Spectrum is a horrible burden, content is the emerging king

It is quite clear that Aircel seems to be walking into the arms of an eager Sunil Mittal's Bharti Airtel. What is emerging is a clash of three giants: Idea-Vodafone, Reliance Jio and Airtel.

No need to adhere to western clothing size anymore, NIFT to come up with India size chart in 3 years

National Institute of Fashion Technology (NIFT) will soon start a national sizing survey that will sample 25,000 people using high-tech whole body scanners.

Fortis reports net loss in September, December quarters; Deloitte refuses to clear earnings audit

The results of Fortis Healthcare come amid controversy and scrutiny of the company's finances over alleged regulatory lapses in transfer of funds to some promoter-linked firms.

PNB scam: Chalta hai attitude resulted in fraud but jewellery sector not to be impacted for long, says Vinod Hayagriv of C Krishniah Chetty Jewellers

The Punjab and National Bank (PNB) scam does not point to lack of market intelligence or audit mechanisms.

India-Korea biz summit: PM Narendra Modi seeks foreign investments, says country one of the most open economies

Pitching for foreign investments, Prime Minister Narendra Modi today said India is one of the most open economies in the world and is ready to do business with the world.

Harley-Davidson issue: Donald Trump says US getting nothing even after 'fantastic man' Narendra Modi slashed customs duty

This is for the second time in a month that Trump raised the issue of high import duty on Harley Davidson motorcycles by India

PNB scam: Privatisation of public sector banks may not be politically acceptable, but idea needs a rethink

Private banks would not allow grass to grow under its feet as the massive PNB fraud did for seven long years without being detected.

E-way bill for inter-state goods movement should be implemented from 1 April, recommends GoM

E-way bill is an electronic way bill for movement of goods which can be generated on the GSTN (common portal)

After PNB scam, three fresh instances of financial fraud comes to light; CBI files cases

The CBI registered a case against diamond jewellery exporter Dwarka Das Seth International for an alleged bank loan fraud to the tune of Rs 389.85 crore towards the Oriental Bank of Commerce

PNB Rs 11,400 cr scam: No privatisation of public sector banks, not 'politically acceptable,' says Arun Jaitley

The call for privatisation gathered currency after diamond jeweller Nirav Modi allegedly colluded with some officials of PNB

Delhi jewellery exporter cheats Oriental Bank of Rs 390 cr, CBI registers case 6 months later

The company has availed various credit facilities from Oriental Bank of Commerce between 2007 and 2012, which swelled to Rs 390 crore during the period.

H-1B visa policy change won't make much difference to Indian IT firms, says Nasscom

The new policy envisages a detailed documentation of a legitimate employer-employee relationship while the latter is working at a third-party worksite.