Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Sabare International, a Karur-based home furnishings company, has taken ICICI Bank to court over a foreign exchange derivative contract. The company has requested the Karur civil court to declare the contract void. This is the second company to have gone into a legal dispute with ICICI Bank after the Chennai-based Sundaram Multi Pap, which had alleged "mis-selling of certain foreign exchange derivative contracts for speculative purposes".
"The Reserve Bank of India... has levied an aggregate penalty of Rs 10 million (Rs 1 crore) on the bank for non-compliance of regulatory directions observed during assessment of implementation of SWIFT-related operational controls," Yes Bank said in a regulatory filing.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
'Any person who wants to enter this service should have a single object of serving the public irrespective of hindrances.'
Congress leader Rahul Gandhi on Monday accused Prime Minister Narendra Modi is the 'person through which' prior information on India's air strikes in Balakot in Pakistan in 2019 was made available to Republic TV editor-in-chief Arnab Goswami.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The FIR was filed for alleged irregularities in construction of a bridge that collapsed during heavy rains in November in Karur district.\n
A bench of Justice N Kirubakaran, since retired, and Justice B Pugalendhi, in a recent order also said that in our country 'it is made to believe that Sanskrit alone is Gods' language'.
Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.
The central bank tweaked the retail inflation range to 4.8-4.9 per cent in the first half of 2018-19, and 4.7 per cent in the second half.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
Executives are dusting down the musty corner offices at private banks and spearheading a quiet revolution in the way they function.
The size of the Indian financial services market could touch around $340 billion in the next few years.
With the addition of the seven banks - South Indian Bank, Karur Vysya, State Bank of Hyderabad, State Bank of Bikaner, State Bank of Travancore, State Bank of Mysore, and Punjab and Sind Bank - the number of banks allowed to import the precious metals now stands at 30.
A portion of the 15-foot tall private compound wall, totally wet due to heavy rains lashing the area for the past few days, fell on the adjoining tiled-roof houses in Nadur village.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
30-year-old Krishnamurthy, founder, Honey Kart, quit his job as a technical programmer at Wipro, and borrowed money from friends to become a beekeeper. Today he is not only debt-free but also processes 500 kilograms of honey every month that sells for Rs 716 per kg.
Flight services were disrupted in Karnataka while in Tamil Nadu, heavy rains battered Karur, Ariyalur, Perambalur, Thanjavur, Tiruvarur and coastal Pudukkottai and Nagapattinam districts.
Sounding a statewide alert, the Tamil Nadu police on Monday detained 96 persons and stepped up search operations across the state following the theft of 17,100 detonators used for quarrying purposes, from a private godown at Karur near Tiruchirappalli. "We are serious about the theft and are probing the matter. We have already detained 96 persons in connection with the matter," DGP K P Jain said.
Rediff readers tell us how they spent their first salaries.
Protests were held across Tamil Nadu with raising of slogans-- "Vendum Vendum Kudineer Vendum" (we want water) and "Edappadi Arasai Kandikirom" (we condemn chief minister Edappadi K Palaniswamy's government).
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
About 40 bull tamers were injured, they said.
Anil Dhirubhai Ambani Group company Reliance Energy Ltd on Thursday announced it has bagged three road projects valued at Rs 2,320 crore (Rs 23.2 billion) from National Highways Authority of India.
For the first time, consumers, including those at the so-called bottom of the pyramid, are monetising gold by taking loans from banks, offering the yellow metal as collateral, says Tamal Bandyopadhyay.
While Rakesh Jhunjhunwala is up 14.9% during the year to Rs 12,381 cr, Ashish Dhawan is up 68.4% to Rs 810 cr, Ashish Kacholia is down 23.4% to Rs 515 cr, Rajiv and Dolly Khanna are down 74.6% to Rs 116 cr and Vijay Kedia is down 6.2% to Rs 294 cr.
In separate letters to the two banks, located at Mylapore area, he said that under the relevant party laws, he continued to be the AIADMK treasurer.
The rain claimed the life of a eight-year-old girl, who was crushed to death when a portion of her hut collapsed early on Tuesday.
Thirteen persons were killed and 27 injured in a collision between a government bus and a cement laden lorry at T Kallupatti, about 40 km from Madurai in Saturday, police said.
New Union minister L Murugan's declaration of Kongu Nadu as his native place, instead of Tamil Nadu, may be part of a grand BJP strategy to create new states out of existing ones, particularly those that have anti-BJP governments, mulls N Sathiya Moorthy.
The incident occurred in Balammalpuram in Tamil Nadu's Karur district.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Union Minister M Venkaiah Naidu on Tuesday deplored violence against dalits in the name of cow protection
Kandha was run over by a train while trying to save his schoolmates at an unmanned crossing near Amur in Karur district.
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
The squatted there, raised slogans against the National Eligibility-cum-Entrance Test and demanded justice for Anitha, a Dalit medical aspirant and anti-NEET court petitioner who committed suicide on Friday.
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