News for 'Accountability Review Board'

Ghost Jobs Are Worse Than No Jobs!

Ghost Jobs Are Worse Than No Jobs!

Rediff.com20 Feb 2025

By staying informed and focusing on legitimate job openings, candidates can navigate the job market more effectively and safeguard their career aspirations.

How to get more bang for the buck out of field agents

How to get more bang for the buck out of field agents

Rediff.com23 Jan 2025

Will allowing business correspondents to hawk insurance products help in reviving 5-lakh strong field agents as a viable channel?

New Sebi rule make accountants more accountable

New Sebi rule make accountants more accountable

Rediff.com20 May 2019

Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.

Pant to play Delhi's next Ranji match, no word from Kohli yet

Pant to play Delhi's next Ranji match, no word from Kohli yet

Rediff.com14 Jan 2025

According to ESPNCricinfo, Shubman Gill has also confirmed his availability for Punjab's upcoming Ranji Trophy sixth-round fixture against Karnataka, set to begin on January 23.

'Algo Trading Is Not Risk-Free'

'Algo Trading Is Not Risk-Free'

Rediff.com23 Dec 2024

Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'

Economists see reforms in the air ahead of Budget

Economists see reforms in the air ahead of Budget

Rediff.com6 Jan 2025

Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.

Donald Trump's Facebook account suspended for 2 years

Donald Trump's Facebook account suspended for 2 years

Rediff.com5 Jun 2021

Social media behemoth Facebook on Friday said the account of former United States President Donald Trump will remain suspended for two years, and post that period it will re-assess the ban.

ATMs to loans: All eyes on the road for finance world

ATMs to loans: All eyes on the road for finance world

Rediff.com6 Jan 2025

In the Union Budget for Financial Year 2023-24 (FY24), Finance Minister Nirmala Sitharaman had held forth on the need for better governance and investor protection in the banking sector. She had proposed certain amendments to the Reserve Bank of India Act (RBI Act), 1934; the Banking Regulation Act (BR Act), 1949; and the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970.

RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt

RBI approves highest-ever dividend of Rs 2.11 lakh crore to govt

Rediff.com22 May 2024

The Reserve Bank on Wednesday approved a Rs 2.11 lakh crore dividend payout to the central government for 2023-24, more than double the amount it paid for the previous 2022-23 financial year. The decision was taken at the 608th meeting of the Central Board of Directors of the Reserve Bank of India held under the chairmanship of Governor Shaktikanta Das.

US forms panel to investigate Benghazi consulate attack

US forms panel to investigate Benghazi consulate attack

Rediff.com21 Sep 2012

The US has formed a panel to investigate the attack on the United States consulate in Benghazi that killed Ambassador to Libya Christopher Stevens and three other American officials.

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

SEBI chief Buch skips PAC summons; BJP miffed at panel chair

Rediff.com24 Oct 2024

Buch, under a cloud over allegations of conflict of interest levelled by United States-based short-seller Hindenburg, was asked to appear before the PAC, which is reviewing the performance of the market regulator.

Trent may replace Bajaj Finserv in Sensex rejig in December

Trent may replace Bajaj Finserv in Sensex rejig in December

Rediff.com24 Sep 2024

Bajaj Housing Finance Ltd's impressive stock market debut has brought cheer to the 100-year-old Bajaj Group, but the conglomerate faces the prospect of Bajaj Finserv being removed from the benchmark Sensex index. According to market expectations, Trent, a Tata group-owned fashion retailer, is likely to replace Bajaj Finserv during the upcoming index rebalancing in December.

RBI seeks details of select NBFCs' loan book growth

RBI seeks details of select NBFCs' loan book growth

Rediff.com25 Sep 2024

The Reserve Bank of India (RBI) has sought granular data from select non-banking financial companies (NBFCs) on their loan book growth. The details sought are on the outstanding product-wise portfolio and the annualised interest charged on them. The annualised interest slabs mentioned are as follows: less than 10 per cent, 10-20 per cent, 20-30 per cent, 30-40 per cent, 40-50 per cent, and above 50 per cent.

7 Adani group firms have received Sebi show cause notices

7 Adani group firms have received Sebi show cause notices

Rediff.com3 May 2024

Seven out of the 10 listed firms of Adani group have received show cause notices from the Securities and Exchange Board of India (Sebi) for alleged violation of related party transactions and non-compliance with listing regulations, the companies said in their regulatory filings to the stock exchanges. While group's flagship Adani Enterprises Ltd, renewable energy firm Adani Green Energy Ltd (AGEL) and city gas distributor Adani Total Gas Ltd said Sebi sent notices of their parent or holding company controlled by conglomerate's chairman Gautam Adani, ports company Adani Ports & Special Economic Zone, Adani Power, electricity transmission firm Adani Energy Solutions, and commodities firm Adani Wilmar said they have received Sebi notices.

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Hindujas' RCap purchase hangs fire as deadline looms with payment on hold

Rediff.com1 Aug 2024

Mauritius-based Hinduja group firm IndusInd International Holdings (IIHL) has informed the administrator of Reliance Capital that it is ready with its equity contribution of Rs 2,750 crore in cash to acquire the bankrupt firm, but it wants certain conditions to be met in accordance with the resolution plan before transferring the amount. IIHL has also filed an application with the Mumbai Bench of the National Company Law Tribunal (NCLT), seeking directions for the administrator and the committee of creditors (CoC) to complete all pending activities to close the transaction and not let the lenders invoke the bank guarantees provided by the firm earlier.

Sebi clears norms to aid ease of doing biz for FPIs

Sebi clears norms to aid ease of doing biz for FPIs

Rediff.com15 Mar 2024

Regulator Sebi on Friday approved a slew of measures to further improve the ease of doing business for market participants, including providing relaxations to Foreign Portfolio Investors (FPIs) and entities looking to raise funds through initial share sale. The proposals were cleared by the Sebi board during its meeting on Friday.

Should You Invest In SME IPOs?

Should You Invest In SME IPOs?

Rediff.com4 Oct 2024

'Many do not have robust business models, and their prospects of survival and long-term growth are poor.'

Why RBI Flagged Small Loans As Risky

Why RBI Flagged Small Loans As Risky

Rediff.com6 Aug 2024

In FY24, loans given out by such firms had topped a whopping Rs 146,517 crore, up by 49 per cent year-on-year and spread over 10.19 million accounts (up 35 per cent).

Zee shares tumble 12%; hit lower circuit limit

Zee shares tumble 12%; hit lower circuit limit

Rediff.com21 Feb 2024

Shares of Zee Entertainment Enterprises Ltd (ZEEL) tumbled 12 per cent in the mid-session trade on Wednesday amid reports of capital market regulator Sebi has unearthed a financial discrepancy exceeding USD 241 million (nearly Rs 2,000 crore) in the accounts of the company. The stock of the company nosedived 11.58 per cent to Rs 170.65 apiece on the BSE. ZEEL shares plunged 11.39 per cent to Rs 170.70 per piece on the NSE.

Porsche crash: Teen's mother asks police to 'protect' her son

Porsche crash: Teen's mother asks police to 'protect' her son

Rediff.com24 May 2024

Appealing to the police to "protect" her son, the mother breaks down, shows her video message. Unable to gather herself, she then walks away from the camera.

Did Chances Of A Trump Win Spook Bezos?

Did Chances Of A Trump Win Spook Bezos?

Rediff.com31 Oct 2024

Did Jeff Bezos decide against endorsing Harris because it would hurt his business interests? Only God and Bezos know, and neither of them are talking, notes Prem Panicker.

Disney-Reliance merger may include compromises, watchdogs warn of 'monopoly'

Disney-Reliance merger may include compromises, watchdogs warn of 'monopoly'

Rediff.com23 Aug 2024

Reuters reported earlier this week that the Competition Commission of India (CCI) has sent a warning notice to the companies expressing concern that the merged entity will effectively have a monopoly on cricket broadcast rights worth billions of dollars, allowing it to squeeze advertisers.

Caught Out: Crime. Corruption. Cricket Review: Scratches Only The Surface

Caught Out: Crime. Corruption. Cricket Review: Scratches Only The Surface

Rediff.com21 Mar 2023

An earnest attempt at uncovering the truth behind the match-fixing saga, but fails to highlight any new information.

Should My Son Work In A Reputed Firm Or A Start-Up?

Should My Son Work In A Reputed Firm Or A Start-Up?

Rediff.com9 Sep 2024

rediffGURU Nayagam PP counsels students and aspiring professionals on how to pick the right courses and scale up in your career.

Rs 26,697 cr lying in dormant bank accounts: Sitharaman

Rs 26,697 cr lying in dormant bank accounts: Sitharaman

Rediff.com30 Nov 2021

As much as Rs 26,697 crore was lying in dormant accounts of banks, including cooperative banks, as on December 31, 2020, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. This money is lying in nearly 9 crore accounts which have not been operated for 10 years. As per information received from the Reserve Bank of India (RBI), as on December 31, 2020, the total number of such accounts in Scheduled Commercial Banks (SCBs) was 8,13,34,849 and the amount of deposits in such accounts was Rs 24,356 crore, Sitharaman said in a reply.

ICAI reviews financial statements of Mallya's firms

ICAI reviews financial statements of Mallya's firms

Rediff.com5 May 2016

The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore.

Do I have to sweep roads? Mamata pulls up MLAs, officials over poor amenities

Do I have to sweep roads? Mamata pulls up MLAs, officials over poor amenities

Rediff.com25 Jun 2024

An angry Banerjee slammed a minister, a former Trinamool Congress mayor and a few bureaucrats for their "below-par performance".

In export push, govt steps in to raise container capacity

In export push, govt steps in to raise container capacity

Rediff.com27 Sep 2024

Concerned over the fallout of the Red Sea crisis and severe shortage of containers against the backdrop of a steep decline in merchandise exports in August, the Union government is pulling out all the stops to find a solution. To begin with, the government has devised a strategy aimed at boosting container supply and supporting exporters.

Investing in IPOs? Read this

Investing in IPOs? Read this

Rediff.com18 Sep 2024

IPOs inherently carry more risks than stocks that have been listed on the exchanges for some time.

HUL Q4 profit dips 1.53% to Rs 2,561 cr

HUL Q4 profit dips 1.53% to Rs 2,561 cr

Rediff.com24 Apr 2024

FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter ended March 31, 2024 due to factors such as deflation and softening of commodity prices. The company had posted a net profit of Rs 2,601 crore in the year-ago period, according to a regulatory filing from HUL. Net sales of Hindustan Unilever Ltd (HUL) were almost flat to Rs 15,013 crore in the March quarter.

PIX: New Zealand crumble but match evenly poised

PIX: New Zealand crumble but match evenly poised

Rediff.com2 Nov 2024

Images from Day 2 of the 3rd Test played between India and New Zealand, in Mumbai, on Saturday.

IIT prof among new members on NSE board

IIT prof among new members on NSE board

Rediff.com27 Feb 2020

Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.

RBI imposes biz restrictions on Edelweiss

RBI imposes biz restrictions on Edelweiss

Rediff.com30 May 2024

The Reserve Bank on Wednesday imposed business restrictions on Edelweiss Group's lending and asset reconstruction arms on concerns over evergreening of loans. The central bank has asked ECL Finance Ltd (ECL) to cease and desist from undertaking any structured transactions in respect of its wholesale exposures, other than repayment and/or closure of accounts, an official statement said.

Inzamam questions PCB over Hafeez sacking

Inzamam questions PCB over Hafeez sacking

Rediff.com4 Mar 2024

Rauf's central contract may be 'restored'

Monica, O My Darling Review: Riveting!

Monica, O My Darling Review: Riveting!

Rediff.com11 Nov 2022

Nasty surprises and quirky humour make Monica, O My Darling an intriguing, fun, watch, observes Sukanya Verma. Monica, O My Darling Review.

RBI proposes stringent norms for wilful defaulters

RBI proposes stringent norms for wilful defaulters

Rediff.com21 Sep 2023

The Reserve Bank on Thursday proposed tighter norms for treatment of wilful defaulters under which banks and other lenders will be required to examine all accounts with outstanding amount of Rs 25 lakh and more to see if the borrower is deliberately not repaying the loan. The central bank has issued a 'Draft Master Direction on Treatment of Wilful Defaulters and Large Defaulters' on which comments have been invited till October 31. According to Reserve Bank of India (RBI), the draft Master Direction expands the scope for regulated entities which can classify borrowers as wilful defaulters and broadens the definition of wilful default.

Ministry permits video conferencing board meets till June 30

Ministry permits video conferencing board meets till June 30

Rediff.com21 Mar 2020

Companies will have to follow all requirements laid out under rules for holding board meetings via video conferencing such as recording of these proceedings, ensuring availability of proper equipment among others.

SLC invites retired judges to form independent panel

SLC invites retired judges to form independent panel

Rediff.com8 Nov 2023

The committee will consist of retired Supreme Court judges S I Imam and Rohini Marasinghe, and Irangani Perera, retired High Court judge.

6-person core group manipulated accounts at PMC Bank

6-person core group manipulated accounts at PMC Bank

Rediff.com7 Oct 2019

Only when the RBI inspection started on September 19 did they realise that their game was up and one of them had sent a letter to the central bank, leading to the RBI crackdown, report Anup Roy and Subrata Panda.

Byju: 'We'd like you to be part of our turnaround story'

Byju: 'We'd like you to be part of our turnaround story'

Rediff.com6 Apr 2024

'Despite the animosity shown by some of the investors in pursuing uncalled for legal actions, we continue to show good faith towards all our shareholders.'