Raghuram Rajan will take over as RBI Governor on September 4 at a time when the country is facing a grave economic crisis.
Cricket Australia (CA) named Trevor Hohns as the full-time chairman of its National Selection Panel on Friday, effecting a structural change to improve the rankings of the underperforming Twenty20 side.
'It was Parrikar's sharp insights into finance and international systems that stood out when India --at his suggestion -- decided to procure the Rafale combat jets from France.'
MCX Stock Exchange, set up by crisis-hit NSEL's promoters, on Friday appointed Saurabh Sarkar as CEO and announced plans for fresh capital infusion by its existing shareholders among measures to boost business.
The apex court said the Annual Confidential Report evaluation criteria for grant of permanent commission to women officers ignored the achievement and laurels brought by them to the Indian Army.
Nudging the RBI to cut interest rates to boost growth, Finance Minister Arun Jaitley on Sunday said he had already made his mind clear and hoped the central bank will take decision after taking into account various factors.
If the Personal Data Protection Bill gets passed in its present form, a new class of companies and entities could emerge. The sole job of these new entities would be to manage the consent for data usage of a user.Banks, healthcare firms and fintech companies, among others, fear that sharing non-personal data with the government may hurt business interests. Banks also fear the threat of data misuse.
'I would say restore the banks to health, get active board composed of professionals, then there will be an ideal situation for merger.'
The new Diageo management had asked Vijay Mallya to step down.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
The saffron party will use Lord Ayyappa the same way it made use of Lord Ram in the north to take away the Nair vote and make electoral inroads in the state.
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
'We want to connect unique skills that students have with the unique jobs being created.'
Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
The whistle-blower's letter to Sebi said future disclosures on any wrongdoing could potentially not be exposed if Infosys is let off the hook now.
RBI says haste in easing norms for banks harmful to economy.
Extension of the deadline from December end this year till March 31, 2018, would apply only to those people who do not have Aadhaar and are willing to enrol for it.
Following the request of the Securities and Exchange Board of India, the Institute of Chartered Accountants of India
Banks have reduced their base rate or the minimum lending rate in the range of 0.1-0.5 per cent till April 15.
It has been a year since the Reserve Bank of India (RBI) initiated prompt corrective action (PCA), an exercise that puts weak banks under central bank scrutiny, against the 94-year-old Lakshmi Vilas Bank (LVB). But recently, this low-profile Chennai-headquartered bank found itself attracting some unwonted publicity when 60 per cent of its shareholders voted against a proposal to re-appoint seven directors, including one of the promoters, K R Pradeep (who holds around 2 per cent), and the company's managing director & chief executive officer S Sundar.
There is as yet no clarity on how the process of consulting with the RBI Governor, initiated under Section 7 of the RBI Act, would unfold in the coming days. The government is keen that its suggestions made in the public interest should be heeded by the central bank, says A K Bhattacharya.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
The defence minister clearly asserted that there will be no budgetary constraints to enhance the capability of the Army and meeting its other requirements.
Diesel prices for the Railways have come down from Rs 60.08 a litre in June to Rs 50.51 a litre now.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
Lenders can now review a borrower account within 30 days of default. Earlier, the banks had to start resolution within one day of default.
'India is not so distant from years of high and entrenched inflationary expectations that it should start trying to play games with the economy the way the West's central bankers think they are entitled to,' argues Mihir S Sharma.
Bad loans of PSU banks rose by 28.5 per cent.
Ahead of the system's debut in a test in India next week, the International Cricket Council (ICC) said referrals are always more likely on spinning tracks and that is why the review system is an essential tool for umpires.
"Here is an opportunity to look at it from a different perspective. It is an out of the box situation. It maybe a first of its kind situation.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
There will be tripartite pact with member, bank/housing agency and EPFO.
After every corporate announcement, check your demat and bank accounts for necessary credits.
Anti-corruption watchdog Transparency International has said that the ICC must tackle corruption both on and off the pitch that challenge the integrity of cricket by strengthening its own governance and by using its influence to promote high standards in national Boards.
'Aggressively stepping up vaccinations will constitute the most enduring stimulus of all in the coming quarters,' observes Sajjid Z Chinoy, Chief India Economist at J P Morgan.
The high-level panel, chaired by former Chief Justice of Karnataka and Kerala High Courts, K Sodhi, had focused on reviewing the Sebi (Prohibition of Insider Trading) Regulations, 1992.
News of all that's transpired on and off the football field
Mark Zuckerberg said one of his greatest regrets was that Facebook has been slow in identifying the Russian information operations in 2016.
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