Parliament's monsoon session began amid sloganeering and protests from opposition of different issues.
The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into banking business through newly created niche category of Payments and Small Finance Banks.
Congress, Bahujan Samaj Party and the Trinamool Congress competed with each other in trying to raise the issue more vociferously
Newly-appointed India coach Anil Kumble dismissed reports of conflict of interest between his new job and his involvement in a sports firm as well as heading the International Cricket Council's Cricket Committee.
Hundreds of Jokatte villagers adjacent to MRPL refinery near Mangalore have complained of air, noise, water pollution from plant.
Bhalla will succeed former RBI deputy governor Subir Gokarn, who died in the US on July 30 after a brief illness.
The gala organised by the Asian Pacific American Advisory Council and National Committee of Asian American Republicans on Friday was attended by ambassadors from several Asian countries including the Indian Ambassador to the US Navtej Sarna.
Criterion for corporates will effectively rule out entry for business houses.
Several opposition members, including from the Dravida Munnetra Kazagham and the Communist Party of India-Marxist, also pointed out that the government took almost two months to impose the lockdown after the first case came to light in January, and claimed the delay had proved costly.
Talking corporate heads are a barometer of the business community's engagement with the economy. If they have nothing to say now there should be cause for concern.
Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd.
Amul Thapar, 47, had become in 2007 the first South Asian Article III judge when he was appointed as a US District Judge for the Eastern District of Kentucky.
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
Electoral politics is going to be an important part of farmer protests going forward.
India will finish their home series against Sri Lanka on December 24 before leaving for South Africa on December 28. They are scheduled to play a two-day warm-up tie starting on December 30 before taking on South Africa in the first Test on January 5.
Capital markets regulator Sebi on Tuesday asked listed companies to work towards splitting the roles of chairman and managing director before the April 2022 deadline, as the new directive is not aimed at weakening the position of promoters. Listed entities were initially required to separate the roles of chairperson and MD/CEO from April 1, 2020 onwards. However, based on industry representations, an additional time period of two years was given for compliance. The regulation will now be applicable to the top 500 listed entities by market capitalisation, with effect from April 1, 2022.
The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
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.
Govt is keen to push reforms in the insurance sector.
Kerala, Punjab, Telangana and Andhra Pradesh are among the major agriculturally important states that have banned the use of glyphosate citing its adverse impact on human health.
Their offer values Fortis at over Rs 9,000 crore, or around Rs 172 per share.
The BSE and the NSE have also been asked to provide inputs.
Payments banks will mainly deal in remittance services and accept deposits of up to Rs 1 lakh.
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.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
Mumbai Metro One to continue with discounted fares till Nov 30.
The second half of the budget session of Parliament, beginning on Monday, is all set to be a stormy affair with opposition parties closing ranks over the imposition of Presidents' rule in Uttarakhand.
GST council may propose a faster refund procedure, deferment of electronic way bill, further simplification of composition scheme
Rediff.com gives you a look at newbies in the Council of Ministers
Truth be acknowledged, Rajinikanth is not known for wanting to leave his comfort zone to take the politico-electoral plunge, even if it meant his becoming the chief minister of a state that has conferred Tamil cinema's superstardom on him over the past 25 years. Today, his fans belong to the younger generation all right, but their numbers are far fewer than their counterparts in the '90s. They are not devoid of personal ambitions and agendas, unlike what Rajinikanh wants them to be, if he and they were to enter politics, says N Sathiya Moorthy.
'Trust your new governor,' Omkar Goswami advises RBI Deputy Governor Viral Acharya. 'Just because he is from the IAS and doesn't carry a PhD from a US university does not make him unsuitable for the task.' 'If anything, Das will pour oil on troubled waters, and save the RBI's reputation.'
Most listed corporate entities in the country are in a fix. With the sudden declaration in late March of a nationwide lockdown to tackle the Covid-19 pandemic, the final calculations of their financial results for the year 2019-20 (FY20) are hanging in limbo. Till April 19, only 41 of the 3,947 companies listed on the BSE have managed to finalise the dates for the declaration of their yearly financial results.
Startup may get some relation from Sebi for listing firms.
The immediate concern for all companies is to prepare themselves - and their vendors and suppliers - for the new GST return filing mechanism, being test piloted from April 1.
The gross bad debt of the Indian banking system as of March was at Rs 7.11 lakh crore
The new variant is said to be 70 per cent more transmissible, though health experts say there is no evidence that it is more deadly or would react differently to vaccines.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
As corporate India prepares to put its house in order, the transition raises concerns
It is significant that the PM's appeal to invest in India comes at a time when the global economy is facing a difficult phase
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