While IDBI Bank's 140 million customers and 1800-odd branches will come in handy for LIC to hawk insurance, the bank can use LIC's massive agent network to sell its retail loans. But if it is run the same way it had been in the past and LIC is a proxy of the government, then it has no future, says Tamal Bandyopadhyay.
With the PMO itself spearheading a re-evaluation, the Director General of Defence Accounts has been asked to justify its earlier contention that the 'slab based' system would benefit a larger number of disabled veterans -- something the army flatly denies, reports Ajai Shukla.
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
The S&P BSE Sensex ended down 371 points at 24,966 and the Nifty50 closed 101 points lower at 7,615.
The intelligence wing of Central Board of Excise and Customs has 532 officers and staff, he said, adding, the staff strength of DRI will double when cadre review is completely rolled out.
'The Sabarimala issue is no longer in splendid isolation.'
Companies' annual reports can hide as much as they reveal. Investors can get early warning signals of wrongdoing by frequently speaking to other stakeholders.
Zopper, a price comparison site, with 2,000 online and 200,000 offline merchants on board, aims to increase user activity 100 times in 3 years.
How the 4 ministries have performed
Goenka has not even attended the last three annual general meetings of the company, yet he drew around half of the managing director's pay
What was the RBI doing, what was the PNB top management doing, what were the auditors doing, asks Debashis Basu.
Concerned by fresh protests, Pakistan government has decided to send a security team to assess the situation in India before taking a final call on the team's participation in the upcoming T20 World Cup.
It was an extraordinary turnaround for an Olympics that was expected to be held without major issues by a country known for public safety and economic stability. It also revealed a fatal miscalculation by Japanese and IOC officials of public sentiment at a time of heightened fears over the coronavirus.
The commercial prospects of day-night Tests, however, have not been lost on the world's richest cricket board and it announced last month it would host a floodlit Test against New Zealand when the Black Caps tour later this year.
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
The import tariff value is the base price at which the customs duty is determined to prevent under-invoicing.
There will remain those, though, who will remain in opposition to this massive endeavour for world peace with an aim not to improve, but to scuttle the project. But for the rest of us, a cultural and spiritual event of this significance and scale is a feast for the mind and soul, say Sankrant Sanu.
Restricted by state government orders, the ownership of such land could not be formally registered, so the advances made continued to be reflected in the accounts as 'advances against land'.
'We must look at the entire question of military preparedness anew, taking into account the new realities,' says Vice Admiral Premvir Das (retd).
In its efforts to make listed firms more responsible towards investors, Sebi may announce new insider trading norms as early as next week.
The company will meet DGCA next week and is putting in place a strategy to contain the damage
The government had in October 2007 set a sale price of $4.20 per million British thermal unit based on the price discovered by RIL from key customers.
The load-shedding has been in force for the last several months as the water level in reservoirs depleted drastically due to deficient rainfall last year.
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
Mergers to create at most six state banks
'The list of things to be done or added or removed will keep growing and it will be a while before the emerging models settle down into lasting structures,' predicts Umesh Shrikhande, CEO, Taproot Dentsu.
The SC ruled that Karnataka will now have an enhanced share of 14.75 tmcft water per year while Tamil Nadu will get 404.25 tmcft, which will be 14.75 tmcft less than what was allotted by the tribunal in 2007.
The parent entity, (Holdings) Ltd, have also expressed concern over the company's significant exposure to the airline.
As Kashmir valley remains under flood water, Air India has decided to ferry free of cost tourists trapped in Srinagar while Gujarat and Bihar governments are sending 75,000 food and dry food packets for affected people.
India thrashed China 9-0 to stay in the hunt for top spot in the round-robin league competition of the fourth Asian Champions Trophy hockey tournament in Kuantan, Malaysia on Tuesday.
Resolution to the bad loans problem has to be incremental, and the RBI has to ensure NPAs are not swept under the carpet, HDFC chairman Deepak Parekh tells Joydeep Ghosh.
A new book may help companies in getting corporate social responsibility right, notes Ajit Balakrishnan.
The 606 positive cases includes 43 foreign nationals, the ministry said. On Tuesday, the number of cases was 519.
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
Aditya Birla Nuvo gets board's nod, Videocon submits application.
Theft, bribery and corruption, and regulatory non-compliance are the top three frauds
The industry began to upgrade its practices even before the NGO alleged Indian tea contained harmful pesticides.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
The BJP said it is legal with adequate safeguards and in the interest of national security..
Deputy CM Manish Sisodia says it's the 'biggest failure of our system'.
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