News for 'Bank Guarantee'

Govt may cut transaction costs

Govt may cut transaction costs

Rediff.com30 Nov 2005

Can Modi Beat Rajiv Gandhi's 404 MPs Record?

Can Modi Beat Rajiv Gandhi's 404 MPs Record?

Rediff.com6 Feb 2024

Modi wants the BJP to gets an additional 10% of the vote share from what it won in 2019. Plans are afoot to get new faces to replace MPs with poor chances of winning. Sources say more than 100 MPs are like to be axed, notes Modi biographer Ramesh Menon.

Mahindra Satyam has to deposit Rs 350 cr with I-T

Mahindra Satyam has to deposit Rs 350 cr with I-T

Rediff.com31 Mar 2011

The former Satyam Computer's founder, Ramalinga Raju, had confessed in early 2009 to having falsified the company's accounts for years.

Review plea filed against SC verdict on same-sex marriage

Review plea filed against SC verdict on same-sex marriage

Rediff.com1 Nov 2023

The review plea by one of the petitioners Udit Sood has been filed with the apex court registry.

Kochi owners mull legal action against BCCI

Kochi owners mull legal action against BCCI

Rediff.com19 Sep 2011

The franchise owners Kochi Tuskers Kerala are planning to take legal action against the BCCI after the BCCI terminated the Indian Premier League side's contract at its Annual General Meeting on Monday.

ICC to release India's cup money

ICC to release India's cup money

Rediff.com31 Oct 2003

'The ICC would put in place a process through which any member can access the withheld money upon an unconditional and irrevocable undertaking, perhaps a bank guarantee,' ICC president Ehsan Mani said.

BoB asked to pay $103,869 to Indian co

BoB asked to pay $103,869 to Indian co

Rediff.com24 Nov 2005

The Dubai branch of Bank of Baroda has been directed by courts in Dubai to pay a sum of over $103,869 to an Indian company in a bank guarantee case.

Credit exposure limit set for banks

Credit exposure limit set for banks

Rediff.com2 Dec 2016

New regime on loans to one party to kick in by Apr 2019.

How old private banks are reinventing themselves

How old private banks are reinventing themselves

Rediff.com25 Jul 2019

Unlike in the past, when old private banks compromised upon underwriting standards to take on the bulk, they've now realised that scaling up at the cost of quality isn't worth the while. These banks have also readjusted growth targets when required, and rebalanced books to preserve capital and asset quality.

SC refuses to interfere in HC order against Times Now

SC refuses to interfere in HC order against Times Now

Rediff.com14 Nov 2011

The Supreme Court on Monday refused to interfere with a Mumbai high court's order under which Times Now news channel has been asked to deposit Rs 20 crore in cash and to give a bank guarantee of Rs 80 crore, before its appeal against a trial court award of damages of Rs 100 crore to former apex court judge P B Sawant, could be heard.Justice Sawant had sued the news channel for displaying his photo wrongly during the telecast of a news bulletin on September 10, 2008.

Rajasthan all set for battle royale today

Rajasthan all set for battle royale today

Rediff.com25 Nov 2023

Rajasthan is all set to vote on Saturday to elect members of a new assembly with the Bharatiya Janata Party aiming to unseat the ruling Congress, which is fighting hard to change the trend of alternate governments in the state.

Privatisation of PSBs gets bankers' thumbs up

Privatisation of PSBs gets bankers' thumbs up

Rediff.com22 Dec 2022

Exuding confidence in sustaining the tempo of credit growth, public sector bankers said on Wednesday that consolidation in the public sector bank (PSB) space has given them a robust base to scale. The privatisation of PSBs can be done through divestment of government stake to a wider base of investors without haste. There is nothing to worry about at this point (high credit offtake) as underwriting standards and risk management are much better.

Want fuel? Pay only cash, HPCL to Kingfisher

Want fuel? Pay only cash, HPCL to Kingfisher

Rediff.com3 Aug 2010

HPCL is Kingfisher Airline's largest aviation turbine fuel supplier.

5G spectrum auction: Trai releases consultation paper

5G spectrum auction: Trai releases consultation paper

Rediff.com30 Nov 2021

Telecom regulator TRAI on Tuesday released a detailed consultation paper to discuss threadbare the modalities for auction of spectrum across multiple bands, including pricing, quantum and other conditions -- preparing the groundwork for 5G auctions slated for next year. Trai's comprehensive consultation paper runs into 207 pages and throws up 74 questions for industry-wide discussion, touching on crucial aspects like valuation and reserve price of spectrum, including 5G, quantum of spectrum, block size, eligibility conditions for participation in auction, roll-out obligations, spectrum cap, and surrender of spectrum. Norms will also be worked out for new frequencies such as 526-698 MHz and millimetre band, that is 24.25 - 28.5 GHz, in addition to bands such as 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, 3300-3670 MHz.

IPL 2023: It's perform or perish for RCB against Sunrisers

IPL 2023: It's perform or perish for RCB against Sunrisers

Rediff.com17 May 2023

Virat Kohli will be in focus as Royal Challengers Bangalore look to strengthen their claim for an IPL play-offs berth in their must-win match against laggards Sunrisers Hyderabad.

'You should have a mix of equity, gold, fixed income'

'You should have a mix of equity, gold, fixed income'

Rediff.com10 Jul 2023

'Returns can be very variable in equity markets.' 'That is why I tell small investors don't put 100 per cent of your money in equities, even if you are young.'

OilMin behind EC stepping in on RIL gas price: Experts

OilMin behind EC stepping in on RIL gas price: Experts

Rediff.com23 Mar 2014

If the EC decides to put on hold a gas price revision for RIL, it would set a precedent for pricing decisions of the government and policy decisions taken but undergoing procedural delays.

TCS project gets govt sops

TCS project gets govt sops

Rediff.com22 Jul 2003

Bandwidth resale: TRAI plans Rs 1 cr fee

Bandwidth resale: TRAI plans Rs 1 cr fee

Rediff.com23 Mar 2007

In a bid to promote competition in resale of bandwidth, the Telecom Regulatory Authority of India in its recommendations submitted to Department of Telecom has favoured not fixing any ceiling on the number of players in the segment.

'Politics can't be a part time job'

'Politics can't be a part time job'

Rediff.com5 Dec 2023

'The BJP is doing politics 24x365, but the Congress revs up only during elections.'

10 Tips to Enjoy India on a Budget

10 Tips to Enjoy India on a Budget

Rediff.com5 Dec 2023

Fight the high season and ridiculous prices with these simple and easy travel hacks.

Want to protect your bank deposits? Here's how

Want to protect your bank deposits? Here's how

Rediff.com6 Jul 2015

Your money is protected by the Deposit Insurance and Credit Guarantee Corporation.

When a bank becomes too cooperative

When a bank becomes too cooperative

Rediff.com24 Jun 2011

The rift between the Congress Party and Nationalist Congress Party seems to have found a new battleground Maharashtra State Cooperative (MSC) Bank.

The bank fraud no one is checking

The bank fraud no one is checking

Rediff.com26 Mar 2018

The loss to policyholders due to massive mis-selling of insurance policies by trusted private sector and public sector banks will be well in excess of Rs 2 trillion, warns Harsh Roongta.

Cyber Scams: How To Stay Protected

Cyber Scams: How To Stay Protected

Rediff.com17 Feb 2023

Don't recharge your phone at public outlets -- carry a power bank instead. Avoid clicking on links sent by 'friends'. If you get into an online sexual encounter with a stranger and get blackmailed, refuse to pay up.

Supreme Court allows sale of Sahara property

Supreme Court allows sale of Sahara property

Rediff.com29 May 2014

The court, however, reserved its order on a fresh plea of Roy seeking modification of an earlier order by which he was asked to pay Rs 5,000 in cash besides a bank guarantee of an equivalent amount.

Can Cong buck alternating govt trend in Rajasthan?

Can Cong buck alternating govt trend in Rajasthan?

Rediff.com9 Oct 2023

Since 1993, when the BJP came to power after a stint of President's rule, the state has alternated between the Congress and the BJP.

Govt rules out fresh PSB merger proposal

Govt rules out fresh PSB merger proposal

Rediff.com3 Aug 2021

Experts attribute the lower target to increased allocation under the credit guarantee scheme for small businesses. Out of the Rs 3.21 trillion worth loans sanctioned under the Pradhan Mantri Mudra Yojana (PMMY) in the last financial year, Rs 3.12 trillion were disbursed to entrepreneurs, according to official data.

What does the future hold for NaBFID?

What does the future hold for NaBFID?

Rediff.com21 Dec 2021

This month, advertisements for managing directors and the senior management team for the National Bank for Financing Infrastructure and Development or NaBFID, should be out, signalling the start of a financial institution (FI) like no other the country has ever had. For this and other reasons government managers associated with the NaBFID project are convinced it should remain a 100 per cent government-owned entity. This is somewhat different from what former economic affairs secretary Tarun Bajaj said when the NaBFID Bill was being tabled in Parliament earlier this year: "To begin with, it will be 100 per cent government owned.

Broadband spectrum: Trai recommends e-auction

Broadband spectrum: Trai recommends e-auction

Rediff.com12 Jul 2008

Releasing its recommendations for BWA spectrum allocation on Friday, Trai has suggested that the auction should be done in blocks of 5 MHz each and any bidder can bid for one or two or three blocks. A company can bid up to a maximum to 15 Mhz in block of 5 Mhz. The bidder has to specify before the auction, the number of blocks he desires to bid for.

100% FDI in telecom sector gets govt nod

100% FDI in telecom sector gets govt nod

Rediff.com6 Oct 2021

The government on Wednesday notified its decision to permit 100 per cent foreign direct investment (FDI) under automatic route in the telecom services sector. In a press note, the Department for Promotion of Industry and Internal Trade (DPIIT) said foreign investment in telecom services will be subject to the condition of Press Note 3 of 2020. Accordingly, cases requiring prior government approval under the provisions of Press Note 3 will continue to be in place.

RIL slaps arbitration notice on govt

RIL slaps arbitration notice on govt

Rediff.com11 May 2014

Gas pricing guidelines stipulate that a new gas price will apply to all producers except RIL.

Special: Simplifying a complex financial saga

Special: Simplifying a complex financial saga

Rediff.com18 Nov 2009

Inside story of how Wall Street and Washington fought to save the financial system and themselves.

More Pain Lies Ahead For The Markets

More Pain Lies Ahead For The Markets

Rediff.com19 Apr 2023

Expect heightened volatility and stress to hit the markets. Caution may be the need of the hour, alerts Akash Prakash.

Ecclestone hands Donington British F1 deadline

Ecclestone hands Donington British F1 deadline

Rediff.com23 Aug 2009

Bernie Ecclestone has given Donington Park until the end of September to secure the funding needed to host next year's British Formula One Grand Prix or risk losing it. Donington is due to replace Silverstone as the venue for the British Grand Prix in 2010 and circuit operators have promised to invest 100 million pounds ($165.6 million) on revamping the circuit over a five-year period.

How Washington can prevent 'zombie banks'

How Washington can prevent 'zombie banks'

Rediff.com2 Mar 2009

Beginning in 1990, Japan suffered a collapse in real estate and stock market prices that pushed major banks into insolvency

Modi's longest Parliament speech pressed all the right buttons

Modi's longest Parliament speech pressed all the right buttons

Rediff.com10 Aug 2023

Prime Minister Narendra Modi on Thursday slammed the opposition alliance INDIA as a collection of arrogant dynasties who will take India back by two centuries as he exuded confidence that people will bless the "garib ka beta" with a record-breaking mandate in the 2024 Lok Sabha polls.

CAG slams navy for failing to conclude Rs 16,000-crore contract

CAG slams navy for failing to conclude Rs 16,000-crore contract

Rediff.com24 Sep 2020

The CAG also observed that the Indian Navy's auxiliary vessel strength was not increasing incommensurate with the rise in its combat fleet.

Seizure notice for Anil Ambani's aircraft

Seizure notice for Anil Ambani's aircraft

Rediff.com16 Jul 2008

Anil Ambani Group company has offered a bank guarantee and indemnity bond for the aircraft, but the Customs officials have that said that it is not possible without the seizure notice.