Finance Minister Nirmala Sitharaman on Tuesday asked banks and other financial institutions to ensure that their customers must update nominees to help resolve the problem of unclaimed money in future. "I want the banking system, the financial ecosystem including the mutual funds, stock markets to keep in mind that when someone deals with his (customer's) money, the organisations will have to think about the future and ensure that customers nominate their heirs, give the name and address," Sitharaman said speaking at the Global Fintech Fest (GFF) in Mumbai. According to a report, the banking system alone has more than Rs 35,000 crore of unclaimed deposits, while the overall quantum of the unclaimed money is said to be more than Rs 1 lakh crore.
Container Corporation of India (Concor) has been the worst performer among major logistics & port stocks registering returns of about 4 per cent over the past three months as compared to 10-12 per cent for peers Gateway Distriparks and Adani Ports and SEZ. Uncertain outlook on the export-import (EXIM) trade front, market share loss, lack of progress on divestment, and weak June quarter results weighed on the stock. Volume and margin movement will be key triggers for the stock going ahead. As was the case in the previous quarter, margin performance was muted even in the June quarter. Operating profit in the quarter was down 17 per cent at Rs 391 crore missing estimates by over 15 per cent. Operating profit margins at 20.4 per cent, too, were down sharply by 350 basis points over the year-ago quarter.
The project, the agreement for which was signed way back in 2009, had been gaining strategic relevance over the years as India-China ties took a hit.
The Yatri Niwas Bhagwati Nagar in Jammu serves as the main base camp for the pilgrims from across the country.
On January 10, the top court had refused urgent hearing of the plea, saying there are 'democratically elected institutions' to deal with the situation and all important matters should not come to it.
Adani Airports is planning to centre its airport business around Mumbai and Ahmedabad by developing them as gateway airports, feeding them with traffic from other airports in the company's portfolio. The Ahmedabad-based conglomerate - with investments in logistics, transportation, utilities and energy - intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate's total capex of Rs 50,000 crore. According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow, Guwahati, Trivandrum, Jaipur and Mangalore.
He said a detailed schedule of the Yatra for J&K is being worked out in consultation with the agencies concerned, especially the security establishment.
Reliance Industries Ltd on Monday announced an agreement to invest alongside Brookfield Infrastructure and Digital Realty in special purpose vehicles developing data centres in India. Reliance will hold a 33.33 per cent stake in each of the five Indian special purpose vehicles and become an equal partner, the company said in a statement. Digital Realty Trust, Inc is the largest provider of cloud and carrier-neutral data centre, colocation and interconnection solutions globally with 300+ data centres across 27 countries.
Navy Day is celebrated every December 4, as on this day in 1971 during the Indo-Pak war Indian Navy undertook Operation Trident in which its missile boats carried out an audacious attack to sink enemy ships.
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
What some of our leaders were up to on Tuesday, December 13.
The Bharatiya Janaat Party's 'lotus' bloomed for the first time in south India in 2008 but the saffron party had little time to celebrate as Karnataka was rocked by serial bomb blasts in capital Bangalore and attacks on churches that drew flak in the country and abroad.
"There are democratically elected institutions to look into it. Everything important should not come to us. We will list it on January 16," the CJI said.
The government will develop a mechanism to ensure that e-commerce companies and entities that have adopted Open Network for Digital Commerce (ONDC) architecture are compliant with the rules. Non-compliance may result in a penalty. "We will have our own evaluation system, and if we find any player is not sticking to it, then we will take action. "Participants will have to be compliant with the rule of the land," Sanjiv, joint secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), told reporters on Thursday.
Amid the controversy over the 22 locked rooms in the basement of the Taj Mahal, the Archaeological Survey of India has released some photographs of closed underground cells.
A Border Roads Organisation team will be stationed in Joshimath to monitor the yatra on a day-to-day basis and ensure immediate treatment of cracks on roads or any other problem that might arise, the chief minister said.
The demolition of 'unsafe' buildings in subsidence-hit Joshimath in Uttarakhand resumed on Saturday as the weather improved, even as the number of buildings with cracks rose to 863, officials said.
Prime Minister Narendra Modi on Tuesday dedicated to the nation the Mahakal Lok corridor at Ujjain in Madhya Pradesh.
'The Kuki-Zo are aware of this rich resource in their areas and feel the Meitei push for ST status is because of this reason'.
The authorities also declared unsafe a mosque and a religious school for girls at Nai Basti village in Thathri, 35 kilometres from Doda town along the Kishtwar-Batote National Highway.
Now only Inter stand in the way of a treble that would match Manchester United's still unique feat of 1999.
The 68-year-old influential Arab leader will grace the Republic Day celebrations on January 26. Sisi is accompanied by a high-level delegation.
The government may not auction spectrum frequency range between 27.5-28.5 gigahertz and leave it for satellite services, according to official sources. The Telecom Regulatory Authority of India (Trai) had recommended a base price for this frequency range and suggested that it can be used for both mobile as well as satellite services. Two official sources acknowledged that Department of Telecom (DoT) is considering auctioning spectrum only up to 27.5 Ghz as sharing between the two services is difficult.
An FIR had been registered against Prabhu at Colaba police station in south Mumbai under section 153 B (Imputations, assertions prejudicial to national integration) of the Indian Penal Code.
India and Egypt on Wednesday decided to elevate their ties to the level of strategic partnership with Prime Minister Narendra Modi and visiting Egyptian President Abdel Fattah El-Sisi vowing to expand ties in areas of defence and security, trade and counter-terror cooperation.
Leading scientists and experts said this monumental accomplishment not only marks India's indelible imprint on lunar exploration but also demonstrates the prowess of human collaboration, determination, and cutting-edge technology.
Indian Army soldiers posted along the Line of Control in Akhnoor light candles on Dhanteras.
Sunny rocks the shirt dress... Shefali looks back on friendship... Vidya turns 50...
'At school, on August 15, the Indian flag was raised. There was no national anthem at that time and we sang Rise India Thy Millions Lead,' recalls military legend Major General Ian Cardozo (retd).
The subsidence zone is located at central Joshimath only including the Army Helipad and Narsingh temple, the satellite images revealed.
The front seats upped the fashion quotient considerably at the Dior Gateway of India show.
Hotels Malari Inn and Mount View, which have developed more cracks, will be demolished on Tuesday.
No pandemic-related death was recorded in Mumbai on Thursday.
Payment aggregators should have a minimum net worth of Rs 100 crore and if they don't manage to arrange that money within one year of putting out final guidelines, they should stop doing their business, says central bank's draft paper.
A bench of Chief Justice DY Chandrachud and Justices PS Narasimha and JB Pardiwala asked petitioner Swami Avimukteshwaranand Saraswati to approach the Uttarakhand high court with his petition.
Fair trade regulator CCI on Thursday alleged that Google has created a digital data hegemony and called for a market space with "free, fair and open competition". Concluding the arguments of the Competition Commission of India (CCI) before the appellate tribunal NCLAT in the Google matter, Additional Solicitor General N Venkataraman said a market with greater freedom for all players would be in total sync with principles of free competition rather than the 'walled garden' approach of the internet major. On October 20 last year, the CCI slapped a penalty of Rs 1,337.76 crore on Google for anti-competitive practices in relation to Android mobile devices.
The landfall process of the eye of the extremely severe cyclonic storm Tauktae, which hit the Gujarat coast in Saurashtra region between Diu and Una, ended around midnight, the India Meteorological Department (IMD) said.
