For customers who want to know their individual credit rating scores, buying a credit information bureau's (CIB) report will take just a few minutes. However, trying to clear any lapses in that report could take a month. Besides, almost always, the onus of getting the lapses rectified will remain with the customer.
Asia would become a major hub for corporate and investment banking in five years, according to a report released by McKinsey.
Para-archer Ankit hospitalised after testing positive for COVID: SAI
Reliance Industries Ltd, the nation's most valuable company, on Thursday said it has raised $4 billion (around Rs 30,000 crore) in debt through the largest ever foreign currency bond issuance by an Indian entity. The oil-to-telecom conglomerate plans to use the proceeds of the three tranche issues to retire existing borrowings. The issue was "nearly 3 times oversubscribed with a peak order book aggregating around $11.5 billion," the company said in a statement. This is the largest ever foreign currency bond transaction in India, eclipsing ONGC Videsh Ltd's $2.2 billion US dollar bonds issue of 2014.
To better track generation of black money in the system, the finance ministry is planning to streamline third-party information provided on high-value transactions.
Commissioners of Income Tax of the Central Information Branch will now report to the intelligence wing, headquartered in the national capital.
The ministry of finance does not want a single entity to own more than five per cent in a CIB. This view is backed by the Reserve Bank of India.
Greece's Eleni Daniilidou caused the biggest upset on the opening day of the Amelia Island championship when she cruised to a 6-0 6-4 victory over French 10th seed Marion Bartoli on Monday.
With this batch, the department has now issued letters in 210,000 high priority cases.
Amid a major political row, former Tamil Nadu Agriculture Minister Agri Krishnamurthy has been arrested in connection with the alleged suicide of a senior engineering department official S Muthukumarasamy but the opposition remained unimpressed and pressed for CBI probe.
Tightening its noose on those who do not pay taxes, the Income Tax Department has started sending letters to around 12 lakh assessees who are high spenders but do not file returns, a top finance ministry official said.
Summary of sports events and persons who made news on Tuesday
A summary of sports events and persons who made news on Friday.
The country's merchandise deficit narrowed to $9.2 billion in November, but exports growth eased to 5.9 percent from 13.5 percent in October, government data showed.
RIL said it has priced its 144A/Reg S bonds to yield 240 basis points over US Treasuries Note at a 4.125 per cent coupon.
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RBI chief Raghuram Rajan said on Thursday he was 'very uncomfortable' with the inflation reading, a comment that probably seals the case for him to deliver his third rate increase next Wednesday, despite a weak economy.
The new office will have its base in the national capital.
The Reserve Bank of India unexpectedly raised its policy interest rate on Tuesday by 25 basis points (bps) but said that if consumer price inflation eases as projected, it does not foresee further near-term tightening.
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