News for 'Financial Conduct Authority'

CAG can audit accounts of private telcos: Court

CAG can audit accounts of private telcos: Court

Rediff.com6 Jan 2014

Delhi High Court says it can do so under the TRAI Act, rejects petitions filed by telecom associations.

IMF counters Rajan's Great Depression comment

IMF counters Rajan's Great Depression comment

Rediff.com28 Jun 2015

Rajan also said it's a problem of collective action and not a problem of industrial nations or emerging markets

Losses wipe out equity investments in 82 PSEs

Losses wipe out equity investments in 82 PSEs

Rediff.com16 May 2007

Equity investments in 82 public sector enterprises have been completely eroded due to accumulated losses, an audit of financial statements conducted by the Comptroller and Auditor General of India revealed.

Chanda Kochhar contests bonus clawback, ESOP termination

Chanda Kochhar contests bonus clawback, ESOP termination

Rediff.com20 May 2019

Until June 2018, the ICICI Bank board had given a clean chit to Kochhar with full backing and had said there was no question of favouritism, nepotism or conflict of interest on her part in granting loans to Videocon Industries or any other company. However, the stance changed soon after the regulatory and probe agencies initiated enquiry in the matter.

Why team owners are unhappy with scandal-hit TNPL

Why team owners are unhappy with scandal-hit TNPL

Rediff.com17 Sep 2019

The BCCI's Anti-Corruption Unit had revealed on Monday that multiple players have reported about suspected match-fixing approaches.

Can Shaktikanta Das be a peacemaker between RBI, govt?

Can Shaktikanta Das be a peacemaker between RBI, govt?

Rediff.com27 Dec 2018

If the new governor can think out of the box even as he signals that he can bat for the RBI cadre and respect its institutional memory, that will go a long way in getting out of the current impasse.

Lockdown: SC extends protection to employers for not paying full wages

Lockdown: SC extends protection to employers for not paying full wages

Rediff.com4 Jun 2020

The Ministry of Home Affairs (MHA), in its circular, had asked all employers to make payment of wages to their workers without any deduction for the period their establishments were under closure during the lockdown to contain COVID-19.

Can your career affect your fertility?

Can your career affect your fertility?

Rediff.com3 Aug 2018

A new study highlights the difficulty young people face while trying to balance career and achieve parenthood at an age when they are most fertile.

Top NSEL brass, executives failed in duty leading to scam: ED

Top NSEL brass, executives failed in duty leading to scam: ED

Rediff.com10 Aug 2014

The Rs 5,600-crore (Rs 56 billion) NSEL scam could have been averted had its top management and other functionaries "performed their duties and exercised due diligence" to check the dubious activities of defaulting firms which have been alleged to have cheated numerous investors, investigation by Enforcement Directorate (ED) has revealed.

Whatsapp Pay's India launch in jeopardy

Whatsapp Pay's India launch in jeopardy

Rediff.com6 Nov 2019

Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.

US imposes tough sanctions on Russia

US imposes tough sanctions on Russia

Rediff.com17 Jul 2014

The US has slapped additional tough sanctions on Russia's financial services and energy sectors for the failure of Moscow to taken enough steps to address the volatile political situation in Ukraine.

United Spirits says it has found fund diversions by Mallya entities

United Spirits says it has found fund diversions by Mallya entities

Rediff.com10 Jul 2016

Firm makes disclosures of improper transactions worth Rs 1,225.3 crore with entities linked to beleaguered businessman

Ban 2: No more Chinese firms in highway projects

Ban 2: No more Chinese firms in highway projects

Rediff.com1 Jul 2020

India will not allow Chinese companies to participate in highway projects, including those through joint ventures, Union Minister Nitin Gadkari said on Wednesday amid the border standoff with China. Gadakri also said the government will ensure that Chinese investors are not entertained in various sectors like the micro, small and medium enterprises (MSMEs).

RBI wants to end lazy banking

RBI wants to end lazy banking

Rediff.com6 May 2020

'Banks are being encouraged to lend instead of parking their resources with the RBI and earn risk-free interest income,' points out Tamal Bandyopadhyay.

RBI to crack whip on recovery agents, calls for restricting messaging apps

RBI to crack whip on recovery agents, calls for restricting messaging apps

Rediff.com28 Jan 2021

Digital lending apps extend small amounts at exorbitant rates. Payment delays invite messages to customer or close family members, often with sensitive information such as Aadhaar and PAN Card scans.

Banking transactions are now just a kirana shop away

Banking transactions are now just a kirana shop away

Rediff.com4 Nov 2014

During his last visit to India, Khosla had said the focus of Khosla Labs would be to fund innovations around Aadhaar.

Sushant had bipolar disorder: Mumbai police commissioner

Sushant had bipolar disorder: Mumbai police commissioner

Rediff.com3 Aug 2020

The FIR by the Bihar police says Rs 15 crore was siphoned off from Sushant's account.' 'During the probe, we found he had Rs 18 crore in his account of which around Rs 4.5 crore are still there.'

Compliance norms for next round of airport privatisation relaxed

Compliance norms for next round of airport privatisation relaxed

Rediff.com5 Dec 2018

The airports chosen for operation, management and development through a public-private partnership model are those in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.

Where's plan to handle COVID-19 crisis: Cong asks govt

Where's plan to handle COVID-19 crisis: Cong asks govt

Rediff.com25 Apr 2020

"You cannot have a lockdown of people, and a lockout of the economy. That is not the way to formulate policy. We are not criticising, we are only saying it is time to rethink, we will support the government in every possible way," said Kapil Sibal.

Benami property transactions on I-T radar

Benami property transactions on I-T radar

Rediff.com31 Dec 2016

Income tax officials have directed property dealers and registration authorities to prepare a list of top property deals that have taken place in the last three years.

Messi, Platini and disgraced FIFA officials named in Panama Papers

Messi, Platini and disgraced FIFA officials named in Panama Papers

Rediff.com4 Apr 2016

Disgraced FIFA officials, suspended UEFA chief Michel Platini and Barcelona superstar Lionel Messi were amongst the names found on Sunday in leaked documents which reveal offshore financial dealings.

Mallya loses plea against extradition, has 14 days to appeal

Mallya loses plea against extradition, has 14 days to appeal

Rediff.com20 Apr 2020

Embattled liquor tycoon Vijay Mallya on Monday lost his high court appeal against his extradition order to India in relation to charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

Economics Nobel for India-born Abhijit Banerjee, Esther Duflo, M Kremer

Economics Nobel for India-born Abhijit Banerjee, Esther Duflo, M Kremer

Rediff.com14 Oct 2019

Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.

Job situation in India is not all that scary

Job situation in India is not all that scary

Rediff.com17 Jan 2018

7 million jobs will be created in formal sector in FY18

Pak judge 'blackmailed' to convict Nawaz Sharif, says daughter

Pak judge 'blackmailed' to convict Nawaz Sharif, says daughter

Rediff.com7 Jul 2019

The Imran Khan government termed the leaked video "doctored" and demanded its forensic audit, saying that "it is an attack on the judiciary."

Post Pulwama, Pak remains safe haven for terrorists: US

Post Pulwama, Pak remains safe haven for terrorists: US

Rediff.com24 Jun 2020

The suspension of US aid to Pakistan, which was announced by President Donald Trump in January 2018, remained in effect throughout 2019, the State Department said.

Chidambaram flays govt after I-T, ED lens on son?s associates

Chidambaram flays govt after I-T, ED lens on son?s associates

Rediff.com2 Dec 2015

CBDT stated the searches were on a group based at Chennai and Tiruchirappalli, strictly in line with the Income Tax Act

COVID-19 tally in India crosses 2,500 mark; 76 dead

COVID-19 tally in India crosses 2,500 mark; 76 dead

Rediff.com2 Apr 2020

A home ministry official said while 9,000 Tablighi Jamaat members and their primary contacts have been quarantined till now across the country due to "massive efforts" to check the outbreak, the Centre has written to all states and union territories that "the lockdown measures should be implemented in letter and spirit".

EXPLAINED! How Kochhargate unfolded

EXPLAINED! How Kochhargate unfolded

Rediff.com20 Feb 2019

In the first of a two-part series, Tamal Bandyopadhyay explains why the ICICI Bank's board first rushed to deny all allegations against Kochhar and then took the extreme steps against her.

Why NHAI may shut its electronic-tolling arm

Why NHAI may shut its electronic-tolling arm

Rediff.com30 Jul 2018

IHMCL implemented the FASTag electronic tolling of national highways, but due to technical glitches, road ministry is mulling the option of offering this job to a Korean company

US slaps sanctions on N Korea in response to Sony cyber attack

US slaps sanctions on N Korea in response to Sony cyber attack

Rediff.com3 Jan 2015

US President Barack Obama imposed fresh financial sanctions on North Korea and its senior officials in America's first public retaliation against the "provocative" cyber-attack on Sony Pictures.

Asiad updates: Ministry sanctions funds for Sushil's training in Georgia

Asiad updates: Ministry sanctions funds for Sushil's training in Georgia

Rediff.com3 Aug 2018

The proposals of six para-athletes, who are training in India and abroad ahead of the Asian Para Games that will take place between October 6 and 13 in Jakarta, were also cleared at the meeting.

Probe ordered after tribal man denied ambulance, forced to carry wife's body

Probe ordered after tribal man denied ambulance, forced to carry wife's body

Rediff.com25 Aug 2016

The incident took place on Wednesday when locals found Majhi carrying his wife Amang Dei's body along with his 12-year-old daughter.

India's Most Wanted review: Death by boredom

India's Most Wanted review: Death by boredom

Rediff.com24 May 2019

Arjun Kapoor doesn't know the difference between restrained and reactionless.

'I've created 7 million jobs this year'

'I've created 7 million jobs this year'

Rediff.com20 Jan 2018

'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'

United Spirits shows proof of Mallya's fund diversion

United Spirits shows proof of Mallya's fund diversion

Rediff.com15 Jul 2016

USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.

Budweiser maker pays Rs 40 cr, settles India bribery charge

Budweiser maker pays Rs 40 cr, settles India bribery charge

Rediff.com29 Sep 2016

Leading brewer Anheuser-Busch InBev will pay USD 6 million (Rs 40.2 crores) to the American authorities for settling charges of making "improper payments" to government officials in India to push sales and production.

Demonetisation blues: Axis Bank suspends some suspicious accounts

Demonetisation blues: Axis Bank suspends some suspicious accounts

Rediff.com19 Dec 2016

The agency's probe till now found that huge monies were transferred through RTGS transfers to some shell companies including a case where the director of such a firm was a petty labourer

Pak didn't take sufficient action against LeT, JeM, says US terror report

Pak didn't take sufficient action against LeT, JeM, says US terror report

Rediff.com20 Sep 2018

However, the US praises India for its significant counter-terrorism actions.

The ugly truth of dying in a sewer

The ugly truth of dying in a sewer

Rediff.com16 Feb 2020

It's impossible to get the actual number of people dying and not getting compensation but the number is obviously much more than stingy official estimates. In any case, nowhere in the world are people sent inside gas chambers without oxygen cylinders and masks. Unofficial estimates suggest that on an average, one sanitation worker dies every five days all over the country, writes Shyamal Majumdar.