India Blog News - Page 24

Donald Trump administration's new H-1B policy makes approval tough; Indian firms to be impacted

Companies seeking H-1B visas for their employees working at a third-party site would now have an intensive paper work to file before submitting their applications.

Why bullet train is not a luxury but a necessity for India; its bigger benefits are speed, convenience

The bullet train project is about trying an alternative approach which is easier in terms of effort and project management but may have similar financial burden.

Coca-Cola India to launch frozen fruit dessert in April, carrot juice plans also on the cards

Coca-Cola India is doing the research and development (R&D) work for new products here and also in Shanghai in China.

Budget 2018: Urgent need for research, regulation and innovation in health insurance

About 80 percent of India’s citizens have no health insurance cover as a result and our country’s health spend is just around 4 percent of GDP,

UK-India Business Council perspective of Budget 2018: Nothing to fear, nothing to cheer

The ease of doing business efforts will continue apace because Modi and Jaitley are pragmatic.

Budget 2018: Taxes will go up due to increase in health and education cess

The Budget expectations on indirect tax front were already low-spirited, given the little room to tweak indirect taxes.

What is driving women entrepreneurs to smash the glass ceiling in biotech?

India is the third-largest startup hub in the world, but in 2016, only 9 percent of startup founders were women.

PNB fraud case raises questions about how businesses are managed and failures handled

The widespread panic, both with regards to the NPA crisis, the debate over depositor protection, and bank frauds is perhaps linked to the larger question of government credibility.

Rs 11,000 cr Nirav Modi case: How Punjab National Bank fell victim to one of India's biggest bank frauds

Punjab National Bank has accused three companies - Solar Exports, Stellar Diamonds and Diamond R US - it said belong to Nirav Modi.

PNB fraud: Banks will have to be equipped with better risk management tools as NPAs pile-up

Fraud typology is roughly the same across countries. But where India is probably way behind is in the preparedness of banks in fraud risk management.

PNB Rs 11,000 cr fraud: Banks reward wrongdoers if they make profit, cry foul when there are losses, says former RBI deputy K C Chakrabarty

The PNB fraud is a result of long-followed poor risk management systems and inefficient auditing practices

Punjab National Bank fraud: Nirav Modi case expands to around Rs 3,000 crore and 17 banks

Nirav Modi, the now-infamous billionaire diamond king did not just use Punjab National Bank to money launder Rs 280 crore but also managed to get an additional Rs 3,000 crore from around 17 banks

PNB Rs 11,000-cr fraud: PMO was alerted in 2016 about ‘impending scam’ related to Gitanjali Gems, Mehul Choksi

The result of inaction has emerged as a biggest fraud in India’s is banking history and all the accused in Punjab National Bank fraud have fled country.

PNB Rs 11,400 cr scam: Reserve Bank of India, Sebi to seek help from Hong Kong regulators

While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on LoUs issued by PNB.

Punjab National Bank Rs 11,400 cr fraud: Here's how the state-run bank was victimised by fraudsters

PNB has suspended 10 of its officials and named a deputy manager, Gokulnath Shetty, who was posted at its foreign exchange department in Mumbai since 31 March, 2010,

RBI overhauls bad loan treatment norms for banks: All you need to know about the new framework

The new RBI guidelines have scrapped all loan restructuring schemes present in the banking system to deal with stressed assets.

RBI overhauling bad loan rules is a wake-up call for banks, says DFS secy Rajiv Kumar

Bankers said RBI wants IBC main tool for resolution where banks fails to reach a consensus.

WhatsApp Payments will impact home-grown players but existing customers won't switch to it easily, say experts

One of the reasons that digital payments have not really gone by beyond the billion mark is because people have moved back to using cash as it is back in the system.

Idea Cellular raises Rs 3,250 cr through preferential allotment; shareholding of promoter group goes up to 47.2%

The net debt of Idea as on 31 December, 2017 stood at Rs 55,781.8 crore.

RBI overhauls bad loan framework for banks; insists on time-bound resolution of stressed assets

The RBI has decided to do away with the Joint Lenders Forum (JLF) as an institutional mechanism for resolution of stressed accounts also stands discontinued.

Startups lose lustre: Nasscom worried over steep fall in angel investments, Series A funding

Corrective measures are needed in startups However, the Budget did not address it, says Nasscom

SBI drops over 3% despite recovery in markets after bank posts Rs 1,886 cr loss in third quarter

SBI shares opened at Rs 288 and slumped 3.85 percent to touch an intra-day low of Rs 285 in morning trade on the BSE.

Mumbai 12th richest city globally with total wealth at $950 bn; New York tops list

Mumbai, also features among the top 10 cities in terms of billionaire population.

Retail inflation expected to moderate at 5%, trade deficit likely to improve, says report

The debate on the re-emergence of macro stability risks has intensified owing to the rising headline inflation, widening trade deficit and also the widening the fiscal deficit targets for both the current and next fiscals.

ONGC Videsh-led group picks up 10% stake in Abu Dhabi's Zakum oilfield for $600 mn; deal to help UAE expand foothold in Asia

ONGC Videsh is the foreign investment arm of ONGC. Other members of the consortium are Indian Oil Corp and Bharat Petro Resources Ltd, an upstream arm of refiner Bharat Petroleum Corp.

Budget 2018: Many concerns of corporate India remain unanswered

corporate India had made various proposals which would give a boost to their business from a tax perspective

SBI Q3 net loss at Rs 2,416 crore, NPAs at 10.35%: There is both good news and bad news for investors here

There are a few more state-run banks that are yet to announce the December quarter earnings. The final picture could be even worse.

Fortis founders alleged to have siphoned off Rs 500 cr out of hospital, co denies report

Fortis founders Malvinder Singh and his brother Shivinder Singh have been alleged to have siphoned off around Rs 500 crore or $78 million out of the publicly-traded hospital, Fortis Hospitals Ltd. (FHSL), without board approval a year ago, Bloomberg reported, quoting sources.

Budget 2018: Finance Minister Arun Jaitley's rural package is a leg-up to the farm economy

Union Budget 2018 focusses on strengthening the rural economy in all aspects including from farmers to the salaried class, cutting across the poor and middle class society