GIFT is a financial centre almost entirely devoid of bankers and, indeed, of people.
Sebi has approved the norms for financial institutions setting up shop at GIF City in Ahmedabad.
The board meeting is scheduled to be held on Tuesday to discuss the PwC report findings on Grover's conduct. There have been allegations of financial irregularities against him. According to sources, Grover in his resignation letter said that he is being forced to bid adieu to a company of which he is a founder. Grover alleged in the letter that he and his family have been embroiled in baseless and targeted attacks by a few individuals, who are ready to not only harm his reputation, but also the reputation of the company. Queries sent to Grover did not elicit any immediate reply.
Heavy rains continued to pound Chennai and nearby districts on Monday under the impact of a cyclonic storm, which is likely to cross the coast in Andhra Pradesh on December 5.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
'It is Dhoni, Fleming and the support staff who decide on cricket.' 'The fans expect CSK to do well, and with Dhoni at the helm, CSK is capable of it.'
'IT companies do not have a large presence there either in terms of market and team. So, the impact of the war will be minimal. But West Asia is an emerging economy.'
Work on projects worth Rs 1,000 cr in full swing: Gift City
The branch is likely to be inaugurated on Saturday by Prime Minister Narendra Modi, who is on a three-day visit to China
Percy Mistry says things at market regulator Sebi are also in bad shape.
Indian banks have the potential to go global, says ICICI Bank chief Chanda Kochhar.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by $80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices.
Travels to Gulf accounted for 40% of India's international air traffic in 2016.
Overseas bourses may take similar action and stop providing data on foreign indices and commodities traded in India, Ashish Chauhan, chief executive officer, BSE said.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Pranay Bhatia offers insights on some key issues from Nirmala Sitharaman's maiden Budget.
When India's Arif Khan steps into the Beijing National Stadium for the opening ceremony at next month's Winter Olympics it will mark the culmination of a journey over a decade in the making.
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Sebi keen to attract larger number of retail investors
Cases with the Omicron variant have already been detected in Karnataka and Gujarat.
The markets regulator made it easier for banks to acquire control in listed companies.
The protests brought home the fact that the Sri Lankan public is in no mood for halfway measures, as voices against Rajapaksa 'family rule' and 'securitisation' of the civilian administration began sidestepping the more critical economic crisis, affecting the nation and afflicting the individual, observes Sri Lanka watcher N Sathiya Moorthy.
Iran is preparing for a trade and investment boom that could reshape the region after agreeing with world powers to curb its nuclear programme, paving the way for sanctions that have stifled its economy to be lifted.
Declining crude price translates into lower under-recoveries for OMCs
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Some experts believe that building new cities may not be the answer to India's swelling urban population.
The far-reaching effect on the implementation of the Lodha Committee's recommendations calling for sweeping reforms in the BCCI's structure and the subsequent scathing observation on the matter by the Supreme Court which has shaken the Board members, is set to dominate the Special General Meeting.
The Pakistan Cricket Board (PCB) is expecting to play atleast six home and away Test series against India in the next eight-year FTP cycle between 2015 and 2023 which will also include an "off-shore" home series in the United Arab Emirates.
Father of the former Delhi age-group cricketer, caught in the Ashes spot-fixing controversy, says his son has never even been to England or Australia, let alone fix matches involving the two countries.
The culture of these firms is alien to the Indian financial system. Distressed assets funds are known for their ruthless recovery ethics. Slicing and dicing a company and selling it on a piecemeal basis is their usual practice. This is something Indian banks are finding a little uncomfortable.
With the revision of the HRA, which was extended to include the west coast of India in 2010, some of the country's maritime security concerns like floating armouries and proliferation of private security are likely to be addressed, the Navy said.
Since many of Modi's urban policies were initiated in Ahmedabad, the city may act as a template to examine what can be expected in a country that is witnessing the biggest migration from rural to urban areas in the world
Anurag Singal, founder of cajobportal, a job site that caters exclusively to CAs and commerce graduates tells us how he aims to skill and enable satisfactory employment to aspiring professionals.
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
Vistara was launched on January 9.
Since multilateral trade creates a stable, peaceful world, normalisation of bilateral trade between India and Pakistan will start a series of peace building measures, especially along the bordering areas of both states which is the worst affected from the on-going conflict, say Riya Sinha and Shehzad Poonawalla.
Sarao was described as a fun guy, outgoing and talkative by other members of the tight knit South Asian community.
An analysis of the National Housing Bank's Residex shows from 2007 to now, almost all tier-II cities have seen their residential property prices appreciate by 45-120 per cent.
