Standard Chartered Bank, which bought a 49 per cent stake in UTI Securities from Securities Trading Corporation of India early this year, is likely to hive off the commodities broking business into a separate company and put this division for sale.
Earlier, the court had sought response from the Central government and K Nageshwar Rao, Special Director, ED, on the bank's petition seeking quashing of the Bombay high court order that refused to stay the proceedings.Earlier, the court had sought response from the Central government and K Nageshwar Rao, Special Director, ED, on the bank's petition seeking quashing of the Bombay high court order that refused to stay the proceedings.
Simona Halep ended Beatriz Haddad Maia's dream run in Toronto
Disposals also likely, clients to be cut -CEO memo to staff
'During the grass court season, I unfortunately experienced a setback with my knee, and have accepted that I must withdraw from the Tokyo Olympic Games.'
Not since Stan Wawrinka's 2016 US Open triumph has a Grand Slam been won by someone other than the 'Big Three', winners of the last 13 major titles.
Mitchell Starc's first ball of the match was as good as Steve Harmison's was poor, a full yorker which went behind the legs of hapless England opener Rory Burns and swung into the base of his stumps
The scheme offers complete solutions that combine savings, borrowing and protection for the emerging affluent segment, which consists of individuals with an annual income between Rs 5,00,000-Rs 40,00,000, the company said.
ELSS, in general, is one of the best options among the instruments eligible for tax benefits under section 80C both in terms of potential to grow as well as tax efficiency of the returns.
In view of India's faster industrial growth and improved business confidence, UK-based Standard Chartered Bank (SCB) on Tuesday revised upwards its forecast for the country's economic growth to 8.1 per cent for the current fiscal.
A probe by the New York State's key banking regulator, the Department of Financial Services, has found deficient money laundering controls in outsourcing of work by StanChart to India, thus exposing the US financial system to terror financing and other risks.
'I also stopped speaking to the media because I felt used by them.'
Cricket Australia marked International Women's Day by committing to addressing gender imbalances in the game, including the lack of statues of female cricketers around the country.
The Enforcement Directorate had invoked Section 68 of the Foreign Exchange Regulations Act against a number of top executives of the banks.
While other foreign banks are still shrinking their loan portfolio, Standard Chartered Bank says it is seeing a double-digit growth
Poet-activist Varavara Rao, 81, is the only accused in the case to have secured an interim bail. The Bombay high court had in February this year granted Rao conditional bail for six months considering his medical condition. Rao had been in jail since his arrest in August 2018.
IMAGES from Day 1 of the Wimbledon Championships played on Monday.
Dominic Xavier is puzzled by the NIA's campaign against Leftist activists and intellectuals and wonders if we will ever get to know the truth behind all these arrests.
The tough part starts now for Andy Murray, the 22-year-old Scot who is four victories away from giving Britain its first men's singles champion at Wimbledon since the days when they played in long trousers.
The Indo-Canadian got a walkover in their quarter-final clash against France's Benoit Paire and Stan Wawrinka of Switzerland.
The deal, which will be signed this week, will see Standard Chartered Bank adding 170,000 cards to its existing portfolio of 1.1 million cards. The foreign lender will also become the fifth largest card issuer in the country after HDFC Bank, ICICI Bank, Citibank and State Bank of India.
Few people know Ratan Tata as well as R K Krishna Kumar does. Widely perceived to be among the managers closest to Tata, Krishna Kumar assesses Ratan Tata, the man and business leader, in this exclusive interview to Rediff.com's Vaihayasi Pande Daniel.
French Open champion Stan Wawrinka warmed up for the defence of his title at Roland Garros with a 6-4, 7-6(11) victory over Marin Cilic to win the Geneva Open title on Saturday.
Standard Chartered has appointed Zarin Daruwala of ICICI Bank as its new Chief Executive.
Standard Chartered Bank appears to lead the race to acquire Barclays Bank's credit card business in India, six months after the British lender decided to sell it, three people familiar with the development said.
Drained Medvedev pulls out of home tournament in Moscow
Djokovic withdraws from Western & Southern Open, to 'turn focus on US Open.'
Sumit Nagal is the only Indian in the men's field with Prajnesh Gunneswaran, ranked 132, missing out.
Standard Chartered Bank's aim of expanding its consumer banking business in South Asia was strengthened when it convinced Sanjeeb Chaudhuri to join the bank earlier in July.
World number five Dominic Thiem heads into Friday's Australian Open semi-final against Alexander Zverev knowing he will have to put their friendship aside to continue his charge towards a maiden Grand Slam title.
Wawrinka, making his first return to the site of his 2016 triumph since undergoing knee surgery, showed he was still shaking off the ring rust despite encouraging victories in the first two rounds.
World number one Andy Murray shrugged off a sluggish start to reach his fifth French Open semi-final with a 2-6, 6-1, 7-6(0), 6-1 defeat of Japan's Kei Nishikori.
Standard Chartered Bank on Monday launched in India its Visa Mini card, which is almost half the size of a regular credit card, targetted at the growing young-earner segment.
IDFC is merging its Portfolio Management Services business with the newly-acquired Standard Chartered Mutual Fund to sell MF products targeting high net worth individuals. The company is also planning products that offer infrastructure as an asset to investors.
Nadal surpassed the haul of Roger Federer and Novak Djokovic.
Private airline Air Sahara on Wednesday launched a credit card with Standard Chartered Bank as part of efforts to improve passenger traffic and boost revenues.
Standard Chartered Bank is planning to aggressively beef up its presence in India ahead of the banking sector review in 2009. This number is significantly high, considering that the bank opened a mere 3 branches in the last two years. The bank has 83 branches and 231 ATMs across the country. The bank recently pumped $250 million into its Indian operations and this constitutes three-quarters of its profits in Asia.
RBI has granted permission to Standard Chartered bank to buy American Express Bank for its American Express credit card biz.
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