RBI Deputy Governor Swaminathan J has asked banks to follow KYC guidelines with both "precision and empathy", failing which regulatory actions will be taken against them by the central bank. Addressing a Conference of Directors of Private Sector Banks here on Monday, the Deputy Governor also expressed concern that in many cases, customer grievance mechanisms, including the Internal Ombudsman structure, are treated more as a formality than as a robust, effective resource.
Former Supreme Court judge D K Jain will continue as BCCI's ethics officer and ombudsman after getting a one-year extension. Jain was appointed by the Supreme Court in February 2019 as BCCI's first ever ombudsman. He was later given the additional role of ethics officer.
'I used to plan my life earlier, but life does not go according to a plan.' 'So now, I just go with the flow and see where life takes me.'
'During a match, there is a lot of noise from the stadium -- cheers for sixes and fours -- but the batter focuses on the ball, not the pressure.' 'If you don't take pressure and focus on your duty, you can overcome stress easily.'
'You don't need massive industry or huge energy resources.' 'You could start with just 3 or 4 people in a coffee shop and invent the world.'
'Gift-giving' - from free dinners and drug samples to promotional merchandise - seems to be driving drugmakers' marketing - a marketing prescription deeply entrenched in the industry. This is a well-oiled racket that sees pharmaceutical (pharma) companies 'gifting' doctors to push their respective drugs under the guise of marketing. But is there a cure in sight to end this unhealthy alliance? The recent controversy following the income-tax raids on Bengaluru-based drugmaker Micro Labs, makers of popular paracetamol brand Dolo-650, has brought this to the fore, again.
Ankit Chatterjee, a 15-year-old left-handed batsman, made his Ranji Trophy debut for Bengal, becoming the youngest cricketer from the state to do so.
Magnus Carlsen and Ian Nepomniachtchi's decision to share the World Blitz Championship title for the first time in history sparked widespread criticism.
Sagoo was the lone candidate left in fray after incumbent senior vice president Anju Bobby George opted out of the race for the position.
'I think the way he goes about his aggressive nature and his work ethic would make him very enjoyable to play with.'
Cameroon Football Federation (Fecafoot) chief Samuel Eto'o has been banned from attending the national team's matches for six months after violating FIFA's disciplinary regulations, soccer's governing body said on Monday.
'I get enormous pleasure from seeing the uplift of an underprivileged or poor person.' 'I feel elated when I walk on the street and see someone who pushes a handcart talking on a cell phone.' A revealing glimpse from Peter Casey's The Story of Tata: 1968 to 2021.
Larsen & Toubro (L&T) chairman S N Subrahmanyan sparked an online outrage with his comments advocating a 90-hour work week and suggesting that employees should even give up Sundays.
Rohit Shetty is so pleased with Tiger Shroff's Lakshman act in Singham Again that the director is reportedly building an entire film around his character.
Shiv Sena-Uddhav Balasaheb Thackeray leader Uddhav Thackeray on Thursday said the Supreme Court's ruling on the political crisis that led to the fall of the three-party Maha Vikas Aaghadi government led by him following a revolt by the Eknath Shinde faction reinstates trust in democracy.
Industry leaders on Thursday mourned the death of Ratan Tata saying with his demise India has lost a visionary who shaped its industrial and philanthropic landscape. Tata was a truly remarkable business leader who placed the country before business interests, and whose vision was truly transformational for a country and its people, TVS Motor Co Chairman Emeritus Venu Srinivasan said in a statement. "Mr Tata was a truly remarkable business leader, the likes of whom nations get only once in a century," he added.
The COA, in its 10th Status Report filed on October 28, 2018, had requested the Supreme Court to appoint an Ethics Officer in addition to an Ombudsman for looking into the matters of Conflict of Interest.
Mint Road, on December 21, 2023, flagged the role of self-regulatory organisations (SROs) in strengthening the compliance culture in regulated entities (REs) and providing a consultative platform for policymaking. It also decided to issue an omnibus framework for SROs.
'Your love for life and relentless dedication inspire me every day.' 'Watching you hit the gym first thing this morning shows your incredible work ethic. Proud of you always!' 'Here's to another year of chasing your dreams!'
Justice Shekhar Kumar Yadav, an Allahabad High Court judge, is set to appear before the Supreme Court Collegium to explain his controversial statements made at a Vishva Hindu Parishad (VHP) function. The Supreme Court has sought a report from the Allahabad High Court after news reports surfaced regarding Justice Yadav's remarks, which were widely condemned as "hate speech". The judge's statements, made at a VHP event, sparked outrage from various quarters, including opposition leaders and lawyers. The Bar Association of India has also condemned the judge's remarks and called for an apology.
With the rapid evolution of channels like quick-commerce and the emergence of ONDC, the Indian retail industry is 'cautiously optimistic' for 2025, in which new-age technologies such as AI and automation will play a crucial role, driving efficiency and personalisation.
Expressing condolences on the demise of the doyen of Indian industry and Chairman Emeritus of Tata Group, Finance Minister Nirmala Sitharaman on Thursday said he has left an indelible mark on society. "Saddened by the passing away of Shri Ratan Tata, a leader par excellence, visionary industrialist, and philanthropist whose contributions have left an indelible mark on our society," Sitharaman said in a post on X.
The 27-page code was approved at the last meeting of the PCB's Board of Governors and aims to cover every individual working with the Board and the Pakistan Super League (PSL).
During the Syed Mushtaq Ali Trophy, Shaw missed training sessions regularly after showing up at the team hotel at "six in the morning" being out for most of the night.
While Rohit Sharma, K L Rahul, Yashasvi Jaiswal and Mohammed Siraj were all recognised for their exceptional fielding efforts, it was Jaiswal and Siraj who were awarded the coveted 'Impact Fielders of the Series' medals.
The Supreme Court has sought details from the Allahabad High Court regarding controversial statements made by Justice Shekhar Kumar Yadav at a VHP function. The development comes amid calls for action against the judge for his remarks, which have been labeled as hate speech by some. The judge's statements were made at a VHP function on December 8, where he spoke about the Uniform Civil Code and the law working according to the majority. Several individuals and organizations, including lawyer Prashant Bhushan and CPI(M) leader Brinda Karat, have called for an inquiry into the judge's conduct and for his removal from judicial duties.
BCCI unveils 10-point diktat: Domestic cricket must, restriction on personal staff, family stay on tours
The Indian Olympic Association has set up an Ethics Commission comprising three former Supreme Court and High Court judges to look into matters related to 'ethical principles of the Olympic movement'.
Amid a social media storm over the death of a young employee at tax consultancy major EY allegedly due to work pressure, Deloitte has formed a three-member external committee, which includes former revenue secretary Tarun Bajaj, to look into practices, policies and processes concerning employees, its South Asia CEO Romal Shetty said on Friday. Shetty said to manage the work pressure within the organisation and have an open work culture, Deloitte has a chief happiness officer and takes strictest action for any bad behaviour within the organisation. Deloitte is one of the four major global tax consultancy firms.
No great achievement or discovery or invention has been achieved without hard work. While the inspiration may have been an insight, it needs work to flesh the insight which requires hard work, asserts Mudit Jain.
Despatch just goes on and on, sighs Mayur Sanap.
Bill Gates' remark, intended to underscore India's role in global development efforts, faced swift backlash on social media, where many criticised the choice of words as inappropriate and patronising.
Industry leaders including Google's India-born chief executive Sundar Pichai on Wednesday mourned the death of Ratan Tata, saying the veteran industrialist cared about making India better. "He leaves an extraordinary business and philanthropic legacy and was instrumental in mentoring and developing the modern business leadership in India. He deeply cared about making India better," Pichai said in a post on X. Pichai recalled that his last meeting with Tata was at Google's office where they spoke about the progress of self-driving car Waymo.
Jobs requiring AI skills carry a significant wage premium, with some roles offering up to a 25 per cent increase in wages, notes Manoj Nagpal, vice president, professional services, OpenText, an information management company.
The National Medical Commission (NMC) has initiated the process of registration of all MBBS doctors eligible to practice in India on a recently launched portal, as a part of which all medical practitioners will have a unique ID.
'These are the people that have worked for you. These are the people who have served you all their careers. You send them out to live in the rain. Is that your definition of ethics when you treat your labour force that way?' the titan asks.
The most scathing criticism came from Dr. Cyriac Abby Phillips, a Indian hepatologist and social media influencer known as 'The Liver Doc' on X.
Dravid has already given a reply and defended himself saying he has taken leave of absence from employers India Cements and he has nothing to do with the Chennai Super Kings.
Being a finisher in T20s can be a nerve-jangling job even for the seasoned names, but 21-year-old Suryansh Shedge has pulled it off twice under pressure situations.
Singh, considered close to RJD president Lalu Prasad and his family, was charged with raising slogans against Chief Minister Nitish Kumar on February 13, during a heated exchange in the House.
