News for 'Bank of America'

Lost Your Job? How To Get REHIRED

Lost Your Job? How To Get REHIRED

Rediff.com31 Jan 2022

With accurate strategies you can create an online presence, reach out to employers and maximise your chances of getting employed.

Global Economic Crisis: What India Can Do

Global Economic Crisis: What India Can Do

Rediff.com27 Apr 2022

The employment situation remains dire. Whatever can be done to promote greater low-skill employment should be pursued aggressively, advises former chief economic adviser Shankar Acharya.

Rana Kapoor: The banker who said 'YES' to a chosen few

Rana Kapoor: The banker who said 'YES' to a chosen few

Rediff.com19 Mar 2020

The bank was worth over Rs 80,000 crore as recently as September 2017. The lender had grown at breakneck speed, helped perhaps by Rana Kapoor's reputation as a banker, willing to aggressively write checks.

Analysts expect RBI to hike rates in 2020

Analysts expect RBI to hike rates in 2020

Rediff.com4 Feb 2020

They pointed out that Finance Minister Nirmala Sitharaman relies a lot on divestments, where the government under-performed in FY2019-20, to achieve the 3.8 per cent fiscal deficit target.

The A is now The Quorum: Rana Kapoor family-led business club changes hands

The A is now The Quorum: Rana Kapoor family-led business club changes hands

Rediff.com25 Jan 2021

The Quorum in Mumbai aims to introduce and extend its blend of hospitality and philosophy of being community-led, content-driven, design-focused and experiential.

India to become 3rd largest economy by 2031: BofA Securities

India to become 3rd largest economy by 2031: BofA Securities

Rediff.com24 Mar 2021

Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.

BoA pays Mukesh Ambani Rs 1.3 cr as director pay

BoA pays Mukesh Ambani Rs 1.3 cr as director pay

Rediff.com14 Apr 2013

Amabni to relinquish the position next month to join BofA's non-fiduciary global advisory council.

World leaders thank India for Covid vaccine shipments to combat pandemic

World leaders thank India for Covid vaccine shipments to combat pandemic

Rediff.com29 Sep 2021

World leaders thanked India for its help and support in combating the coronavirus pandemic through "early and meaningful" shipments of COVID-19 vaccine doses, as they addressed the high-level UN General Assembly session this year.

FY20 GDP growth may fall to 5.8%: BofAML

FY20 GDP growth may fall to 5.8%: BofAML

Rediff.com4 Nov 2019

Economic growth has slipped to a six-year low of 5 per cent for the June quarter and is expected to turn in lower than that in the September quarter. Lack of consumption is seen as one of the key factors pulling down growth.

India, this champion dancing crew needs your help!

India, this champion dancing crew needs your help!

Rediff.com3 Jun 2020

Months after making history by winning America's Got Talent, Mumbai's V Unbeatable dancing crew is crumbling under the lockdown.

Where have all the women bankers gone?

Where have all the women bankers gone?

Rediff.com7 Jan 2020

Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.

Next-gen techs, services to lead IT sector growth: Wipro

Next-gen techs, services to lead IT sector growth: Wipro

Rediff.com21 Jun 2021

IT industry's growth will largely be led by next-generation technologies and services with areas like data, cloud and cybersecurity expected to see huge incremental growth, Wipro CEO Theirry Delaporte said. Wipro has also closed several acquisitions in the second half of FY21 across key markets like the US and Europe, which has helped the Bengaluru-based company strengthen its local presence and service offerings, he said in his note in the company's FY2020-21 annual report. "We know that industry growth will largely be led by next-generation technologies and services. "We can therefore expect to see huge incremental growth in areas such as digital, cloud, data, engineering, cybersecurity.

Kamala Harris is tough, proven fighter for middle class: Biden

Kamala Harris is tough, proven fighter for middle class: Biden

Rediff.com13 Aug 2020

Biden, 77, made his maiden public appearance with his running mate Harris on Wednesday and said that both of them are ready to get to work in rebuilding America and a better future for its people.

Inside the beautiful and weird world of science

Inside the beautiful and weird world of science

Rediff.com21 Aug 2019

Incredible images depicting the scientific world give a beautiful insight into the academic world. A shortlist of images from the Royal Photographic Society's science photographer of the year competition has been released and includes images from the macroscopic to the microscopic. The winning images will be revealed in October to coincide with the opening of the free exhibition. The Science Photographer of the Year exhibition will run at the Science Museum from October 7-January 5.

RJio ties up with lenders for $1.5 billion loan

RJio ties up with lenders for $1.5 billion loan

Rediff.com17 Nov 2014

Telecom operator Reliance Jio Infocomm has arranged credit facilities worth $1.5 billion with lenders, including Bank of America and Barclays, to refinance existing loans.

India's Submarine Dilemma

India's Submarine Dilemma

Rediff.com7 Oct 2021

Hydrography (underwater geography) prevents the Indian Navy for opting for an all-conventional, or all-nuclear submarine fleet.

Will RBI cut rates in April?

Will RBI cut rates in April?

Rediff.com25 Jan 2018

Analysts at Bank of America Merill Lynch said that fears of inflation getting "generalised" are overdone, as only two sub-categories of fuel and light and housing (accounting for 22 per cent of the basket) have seen a price-rise above the headline 5.2 per cent.

Modi meets 42 global CEOs, pushes Startup India

Modi meets 42 global CEOs, pushes Startup India

Rediff.com26 Sep 2019

Chairing an exclusive roundtable with 42 global CEOs and top executives from across 20 sectors, Modi stressed on continued political stability in India, predictability of policy, and pro-development and pro-growth policies.

100% placements for IIM-Lucknow graduates

100% placements for IIM-Lucknow graduates

Rediff.com23 Oct 2017

Irrespective of demonetisation and GST blues, IIM Lucknow has been able to successfully place their batch of 459 students.

Ola Electric to create 10,000 jobs

Ola Electric to create 10,000 jobs

Rediff.com17 Dec 2020

Upon completion, the factory will create almost 10,000 jobs and will initially have an annual capacity of 2 million units.

ICICI Pru Life IPO to open on Sep 19

ICICI Pru Life IPO to open on Sep 19

Rediff.com10 Sep 2016

ICICI Pru's IPO is being managed by 10 investment banks, including Bank of America Merrill Lynch and ICICI Securities

Ola Electric defers e-scooter sale to Sep 15 due to website glitch

Ola Electric defers e-scooter sale to Sep 15 due to website glitch

Rediff.com10 Sep 2021

Ola Electric's technology team is working hard to iron out the technical kinks that marred the electric vehicle company's hyped online sale of its electric scooters (e-scooters) - the S1 and the S1 Pro - on Wednesday, said company sources. The SoftBank-backed firm is facing technical difficulties in making the website live for the purchase of its e-scooters. According to company sources, the website couldn't go live as there were integration issues.

Crisil lowers FY21 growth by 50 bps to 5.2%

Crisil lowers FY21 growth by 50 bps to 5.2%

Rediff.com19 Mar 2020

Noting that external risks to global growth has increased significantly now, the Crisil report quotes its parent S&P's forecast of a recession in the US and in the Eurozone, and a record low growth in China, which is seen crashing to 2.9 per cent now, almost half of what it had said on March 5 when it has pegged the same at 4.8 per cent.

India's tariffs on US products 'no longer acceptable', tweets Trump

India's tariffs on US products 'no longer acceptable', tweets Trump

Rediff.com9 Jul 2019

India has raised tariffs on 28 items, including almond, pulses and walnut, exported from the US in retaliation to America's withdrawal of preferential access for Indian products.

Why Modi is HARSH on NGOs

Why Modi is HARSH on NGOs

Rediff.com24 Jul 2021

It should stop what it is deliberately doing to the NGO sector and let it operate as freely as the rest of the private sector, asserts Aakar Patel.

Political risks the stock markets face in 2018

Political risks the stock markets face in 2018

Rediff.com27 Dec 2017

Political risk culminating from elections in the US and Latin America, and evolving right-wing populism in Europe could lead to substantial volatility, say Abheek Barua & Tushar Arora.

Assured of win, Biden-Harris start work on health, economy

Assured of win, Biden-Harris start work on health, economy

Rediff.com7 Nov 2020

'We may be opponents - but we are not enemies. We are America'

Ambani may get Rs 1 crore as compensation from BoA

Ambani may get Rs 1 crore as compensation from BoA

Rediff.com12 Apr 2011

Bank of America has given shares worth nearly Rs 11 lakh (Rs 1.1 million) to Mukesh Ambani as part of annual retainer fee to the billionaire industrialist, who joined the United States banking giant's board last month.

Anish Shah is new MD-CEO of Mahindra group

Anish Shah is new MD-CEO of Mahindra group

Rediff.com27 Mar 2021

When Anand Mahindra becomes non-executive chairman in November, Shah will become the first professional MD and CEO in the history of the Mahindra group to have a complete oversight of and responsibility for the Mahindra group businesses.

FII holding in Sensex touches 8 year high in Jan-Mar

FII holding in Sensex touches 8 year high in Jan-Mar

Rediff.com13 May 2013

According to a research note by Bank of America Merrill Lynch, while foreign institutional investors' holding in Sensex has gone up to the highest level in last eight years, while LIC and domestic MFs were net sellers.

New York attorney general sues BofA, former CEO

New York attorney general sues BofA, former CEO

Rediff.com5 Feb 2010

Attorney general Andrew M Cuomo has also sued BofA's former CFO Joseph L Price. "Bank of America's management intentionally failed to disclose massive losses at Merrill so that shareholders would vote to approve the merger.

SC order on NPA resolution: 'It is Balakot on RBI'

SC order on NPA resolution: 'It is Balakot on RBI'

Rediff.com3 Apr 2019

The order, a "negative" overall, will be a short term positive for corporate focused state-run and private lenders because of the possibility of delaying incremental stressed asset recognition.

Economist wants RBI to cut rate by at least 25 bps

Economist wants RBI to cut rate by at least 25 bps

Rediff.com2 Apr 2019

The MPC headed by RBI Governor Shaktikanta Das will announce the resolution of the meeting at around noon on Thursday.

BoA appoints Mukesh Ambani director

BoA appoints Mukesh Ambani director

Rediff.com17 Mar 2011

Mukesh Ambani is also a member of the Prime Minister's Council on Trade and Industry.

US govt sues BoA for multi-year mortgage fraud

US govt sues BoA for multi-year mortgage fraud

Rediff.com25 Oct 2012

This generated thousands of fraudulent and otherwise defective residential mortgage loans sold to Fannie Mae and Freddie Mac that later defaulted, causing over $1 billion in losses and countless foreclosures.

Will RBI cut rates in December?

Will RBI cut rates in December?

Rediff.com15 Oct 2019

Analysts say RBI will cut rates because the liquidity crunch that began this time last year is still hurting the economy and also with an eye on the August industrial production numbers, which showed a contraction by 1.1 per cent -- the steepest in seven long years.

How to give the economy some animal spirit

How to give the economy some animal spirit

Rediff.com20 Nov 2019

Fix India's real estate sector. Fix India's public sector banks, advises Tamal Bandyopadhyay.

Hamara Bajaj Kindled Pride in Being Indian

Hamara Bajaj Kindled Pride in Being Indian

Rediff.com24 Feb 2022

In 1989 when Bajaj came out with their legendary and elegant Hamara Bajaj campaign, that looked more at apna India, rather than the scooter, and at all hues of scootered Indians, it drew millions of eyeballs and was brilliantly successful.

Ambani gets more BofA shares worth Rs 72 lakh

Ambani gets more BofA shares worth Rs 72 lakh

Rediff.com17 May 2011

Within weeks of granting shares worth about Rs 11 lakh (Rs 1.1 million), Bank of America has given fresh shares worth over Rs 72 lakh (Rs 7.2 million) to Mukesh Ambani as part of his annual fee for being a director of the United States banking major.

'November IIP may contract by 1.5%'

'November IIP may contract by 1.5%'

Rediff.com9 Jan 2013

According to the report, the December inflation will likely continue to peak off to 7.3 per cent.