Global rating Moody's on Monday affirmed India's long-term local and foreign-currency issuer ratings and the local-currency senior unsecured rating at 'Baa3' with a 'stable' outlook on the back of robust economic growth and sound external position. The rating agency also affirmed India's other short-term local-currency rating at P-3.
Meanwhile, the Indian National Centre for Ocean Information Services (INCOIS) issued high sea waves, up to 4.7 metres high, warning across several coastal districts.
Due to the impact, the vehicle carrying students was flung a distance away from the level crossing after it hit the running train. The loco pilot managed to stop the train after traversing some distance, police said.
Global Rating agency Moody's on Wednesday said it was reviewing IndusInd Bank's risk management capabilities, and its leadership transition, with the private sector lender grappling with accounting lapses pertaining to its derivatives transactions. "The financial impact of the derivatives losses is quite manageable considering IndusInd Bank's strong capital.
IndusInd Bank on Tuesday said global rating agency Moody's has placed the bank's baseline credit assessment (BCA) under review for a possible downgrade. The rating review comes days after IndusInd Bank disclosed a Rs 2,100 crore discrepancy in accounting with an estimated impact of 2.35 per cent of the bank's net worth.
From how to open an NPS Vatsalya account to knowing how this scheme compares to investing in mutual fund or in provident fund, Ramalingam Kalirajan offers a 360-degree view and the pros and cons of investing in a scheme that has the potential to secure your child's financial well-being.
The Enforcement Directorate has upgraded its Look out Circular (LC) issued against Byju's founder and CEO Byju Raveendran in connection with a FEMA probe, seeking to stop him for going abroad. The earlier such alert meant that immigration authorities had to just intimate the agency about his movements through various ports. Official sources said that the over an year old LC was revised sometime back in light of investors' concerns and ongoing adjudication of a FEMA contravention case against Raveendran and some others.
Ask rediffGURU and PF expert Milind Vadjikar your insurance, stocks, mutual fund and personal finance-related questions.
The flight test fully met all the trial objectives validating complete network centric warfare weapon system, the defence ministry said.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
Repair work at a level crossing near Bahanaga Bazar railway station in Odisha's Balasore where the June 2 train crash took place was allegedly conducted without the approval of senior divisional signal and telecom engineer and without an approved circuit diagram.
General Syed Asim Munir is now firmly ensconced as army chief after the May 9, 2023 upheavals, which were planned by Imran Khan's supporters to destabilise him, asserts Rana Banerji, who headed the Pakistan desk at RA&W.
An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders, flexibility for submission of life certificates by pensioners and a centralised KYC database. The report of the Committee for Review of Customer Service Standards in RBI Regulated Entities (REs) has also suggested that the operations of accounts should not be stopped pending periodic Know Your Customer (KYC) updates. It recommended that there should be a time limit for the return of property documents to borrowers after the closure of the loan account, failing which a penalty should be imposed on the lender.
The CBI has charged the accused under Indian Penal Code Section 304 part II (culpable homicide not amounting to murder), Section 34 read with 201 (common cause read with destruction of evidence) and 153 of the Railways Act.
The top court said there are serious lapses in the enforcement of the 2013 Prevention of Sexual Harassment Act.
commercial airlines and air navigation service providers have to carry out random drug tests on at least 10 per cent of their flight crew and air traffic controllers every year.
The probe report has estimated the cost of damage due to the accident at more than Rs 52 crore.
Raising equity exposure to 50 per cent in the National Pension Scheme will benefit young investors, provided they can stomach higher volatility.
The CBI has booked Kanpur-based Rotomac Global and its directors for Rs 750.54 crore for alleged fraud in Indian Overseas Bank, officials said. The company, which was in the business of writing instruments, has a total outstanding of Rs 2,919 crore against a consortium of seven banks led by Bank of India in which Indian Overseas Bank has an exposure of 23 per cent. The agency has booked the company and its Directors - Sadhna Kothari and Rahul Kothari - under IPC sections related to criminal conspiracy (120-B) and cheating (420), besides various provisions of the Prevention of Corruption Act.
Returning officer and state principal secretary (assembly) R P Pandey said the polling was underway on a peaceful note.
Banks have written off bad loans worth Rs 10,09,511 crore during the last five financial years, finance minister Nirmala Sitharaman informed Parliament on Tuesday. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the bank concerned by way of write-off, she said in a reply to Rajya Sabha. "Banks write off NPAs as part of their regular exercise to clean up their balance sheet, avail tax benefit and optimise capital, in accordance with RBI guidelines and policy approved by their boards.
Toyota Land Cruiser LC200 VX (Premium) 2 comes at a price of about Rs 88,30,000, ex-showroom Delhi.
Toyota Land Cruiser LC200 VX (Premium) 2 comes at a price of about Rs 88,30,000, ex-showroom Delhi.
Srinagar-based Chinar Corps tweeted a photograph of the epitaph on grave which read, 'In memory of Major Mohd Shabir Khan."
He said if the Chinese military maintains the deployment through the second winter, it may lead to an LoC-like situation (Line of Control) though not an active LoC as is there on the western front with Pakistan.
Now govt employees to enjoy greater say in how their NPS corpus is invested. Younger employees should raise their allocation to equities in this very long-term investment instrument
Former army chief V K Singh, who did not turn up before a Jammu and Kashmir Legislative Council privileges committee on Thursday, will appear before it on January 22, complying with fresh summons issued in connection with his alleged remarks against leaders from the state.
Inspiring story of 13-year-old boy who spends his spare time in helping his peers become smarter students
United Bank of India has denied having defaulted to the tune of Rs 800 crore. It also dismissed any merger talk.
From April 1, subscribers will be able to change investment option & asset allocation twice a year, instead of once. Use greater flexibility offered by pension scheme judiciously.
Trial by the media can be avoided if the industry itself devises effective mechanisms to bring this to an end
Brigadier, Northern Command, S Gotra said the Indian Army launched a counter offensive along the LoC in retaliation to Tuesday's offensive in Machhil.
Industry sources and certain airline executives revealed this was done after the LCCs hammered out their differences with full-service carriers on certain contentious issues related to pricing. Industry source said the fares had been lowered as a protest against the full-service carriers' sale of coupons worth Rs 300 crore (Rs 3 billion) and valid for six months to travel agents across the country at prices that were 20-30 per cent less than those available on their websites.
Designer label Lecoanet Hemant showcased three distinct lines on the third day of the LFW -- sporty vests and jackets for men, slinky cocktail dresses for women and a third, very unusual organic line of 'Ayurganic' clothing. Read on.
Ireland beat Netherlands by six wickets in Pretoria on Wednesday to clinch a second consecutive appearance at the Cricket World Cup.
Licence of NGO run by Indira Jaising--'Lawyers' Collective'--was suspended by the government for 6 months.
'I was shocked by the kidnapping episode. I could have lost my life.'
the Australian women's team beat India by eight wickets in the first of the five-match ODI series in Sydney on Friday.
Indian Army's Director General of Military Operations Lt Gen A K Bhatt on Monday met his Pakistani counterpart.
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