Amazon
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space.
Sebi on Monday barred Franklin Templeton AMC from launching any new debt scheme for two years and fined it Rs 5 crore for violating regulatory norms in the case of winding up of six debt schemes in 2020. Also, it has been asked to refund investment management and advisory fees to the tune of Rs 512 crore, including interest, collected with respect to the six debt schemes, Sebi said in its 100-page order. In a separate order, the regulator has barred Vivek Kudva, former head of Asia Pacific (APAC) for Franklin Templeton, and his wife Roopa from the securities market for one year for redeeming units of Franklin Templeton MF schemes while in possession of non-public information.
Reflecting an immense growth potential, India's Enterprise Application Software market stood at $39.4 million on 2002 constituting six per cent of Asia Pacific EAS market, according to Gartner Dataquest.\n\n\n\n
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
Star earned ad revenues of around Rs 30 billion during last year's IPL. Whether it hits last year's figure will depend on how the economy picks up during the festival season.
Moody's said India's current account deficit (CAD) has narrowed significantly from 4.8 per cent in 2012 to 1.4 per cent in 2014.
After a contraction in the current financial year, India's economy is forecast to bounce back with a sharp growth rate of 9.5 per cent next year provided it avoids further deterioration in financial sector health, Fitch Ratings said on Wednesday. The coronavirus pandemic will lead to shrinking of the already slowing economy in 2020-21 that started in April. Fitch Ratings forecast a 5 per cent contraction in the GDP in the ongoing financial year.
Sebi on Monday imposed a penalty totalling Rs 15 crore on senior officials of Franklin Templeton AMC and its trustee for violating regulatory norms in the case of winding up of six debt schemes in 2020. However, a spokesperson of Franklin Templeton said they disagree with the findings in Sebi's order and intend to file an appeal with the Securities Appellate Tribunal (SAT). A fine of Rs 3 crore has been levied on Franklin Templeton Trustee Services Pvt Ltd and Rs 2 crore each on Franklin Asset Management (India) Pvt Ltd President Sanjay Sapre and its chief investment officer Santosh Kamat, according to the Sebi order. In addition, the regulator imposed a penalty of Rs 1.5 crore each on fund managers -- Kunal Agarwal, Pallab Roy, Sachin Padwal Desai and Umesh Sharma -- as well as former fund manager Sumit Gupta.
In the course of his various tenures, Yediyurappa made many adversaries. Bommai, by contrast, knows the Opposition well and has many friends, cutting across parties -- he is, after all, only a 2008 BJP entrant.
Hiranandnani's new venture is well-timed, but it will face heavy competition from both international majors and domestic peers like Adani Group.
The company's revenue rose 29.87 per cent to Rs 81,809 crore.
Days after keeping India's rating at lowest investment grade for 13th year in a row, the rating agency in a webinar said despite the contraction in GDP this year, the country continues to be an outperformer among the peer groups.
I'd like to see more women at the top help other women climb the ranks says Paula Parkes, head of marketing in the APAC region for Adobe.
'That it is happening in the second half of the year, during the festive season, will only encourage many to step up advertising.'
Internet giant Google is the most attractive employer for graduates from the Asia-Pacific region in a list of top companies which figures no Indian firm.
Shift in economic balance toward the East and South is happening with unprecedented speed and scale.
Fitch says possibility of downgrading India's sovereign rating is more than 50 per cent.
The agency proposes to improve revenues from non-advertising segments, integrate non-traditional disciplines and strengthen sister agencies Orchard and Black Pencil.
Advertising agencies admitted that conversations had begun with their clients to exercise restraint while using brand endorsements featuring film actors whose names appeared in the probe.
'Having fared not too successfully in Haryana, Maharashtra and Jharkhand, the BJP can't afford to disappoint its supporters in Delhi,' says Amulya Ganguli.
Such partnership will not only give the company an opportunity to showcase its expertise in new technology areas, they will also help in boosting its brand image with clients and employees
'Although Narendra Modi had no direct participation in the Ayodhya agitation, he would not have been in the dominant position he is now had it not been for the Ram Janambhoomi agitation.'
The US will find it difficult to maintain the sinews of the forces that have held the global order together.
Satyam Computer Services (rebranded as Mahindra Satyam) has recovered 32 clients of Satyam since May. The company has close to 420 clients at present -- down from the approximately 500 clients it had before takeover.
City-wise data showed that there has been improvement in online recruitment activity. Kolkata (up 51 per cent) recorded the most notable annual growth rate among all monitored cities, followed by Baroda (up 46 per cent).
Life expectancy will be higher for both men and women.
In an earlier interview, chief operating officer N Chandrasekaran had voiced this concern and said TCS was taking some measures. The impact was also evident on the overall revenue contribution, which fell to 4.7 per cent in FY09 from 5.2 per cent in FY08. TCS' head for Apac, Girija Pandey, feels the region will continue to be volatile till they reach a certain level.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
About 15 lakh small and medium businesses from India are using Facebook to reach out to customers.
Tech start-ups will continue to take the lead in bolstering the regional economy, says Murali Talasila.
'India is possibly the most fiscally constrained market in the region.'
"Though we reiterate our commitment to peace, our defence forces -- the army, the air force and the navy -- are adequately mobilised in a well-coordinated move to thwart any attempt to undermine our security. Our national interest will be protected at all costs. We have also ensured a widespread understanding in the international community of India's firm and principled stand," the President said. India and China are locked in a nearly nine-month long military standoff in eastern Ladakh.
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
India's state-owned institutes have literally been forced to embrace technologies to go digital - however reluctantly. Till the museum reopen, the magic mantra has been "online", "cyber", "virtual" - a transition that has been less smooth for most art institutions than one might have hoped. The first of a four-part series, Kishore Singh turns the gaze to some of India's leading art institutions to see how they are keeping the show going.
Under a memorandum of understanding signed in New Delhi by Jim Albaugh, President of Boeing Integrated Defence System and HAL Chairman Ashok K Baweja, the Indian defence PSU, will manufacture subsystems for Boeing's wide range of fighter planes like F-15, F-18 Super Hornetts and Apace Helicpoters.
At a recent White House meeting, Paul Volcker, the 81-year-old former chairman of the Fed and a part-time adviser to Barack Obama, said the president should delay revamping the US regulatory system until he had quelled the financial crisis.
Here is a checklist to help you work out tax-smart salary and perk options:
IT services provider Satyam Computers Services Ltd said on Monday it has entered into an agreement with The University of Melbourne for enabling students of the varsity to do software development internship with the company each year.\n\n
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