News for 'Letter of Credit'

Your Health Insurance Queries Answered

Your Health Insurance Queries Answered

Rediff.com6 Jul 2021

Roopam Asthana, CEO and whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH insurance and AUTO insurance.

Compliance worries hit shares in India's top two drugmakers

Compliance worries hit shares in India's top two drugmakers

Rediff.com9 Nov 2015

Credit Suisse analysts cut their rating on Sun Pharma stock to 'neutral' from 'outperform

Winding up of Franklin Templeton's 6 debt schemes delayed

Winding up of Franklin Templeton's 6 debt schemes delayed

Rediff.com28 May 2020

Franklin Templeton Mutual Fund, which has closed six debt schemes, has said the winding-up process will be delayed in the absence of authorisation from investors and further steps will be possible only after seeking fresh approval from them. It further said that investors who do not have an e-mail ID or mobile number registered with the fund house will not be able to participate in the voting process. The date on which the voting would start has not been disclosed yet.

Emotional former players salute Olympic bronze medallists

Emotional former players salute Olympic bronze medallists

Rediff.com5 Aug 2021

'Coaching centres across the world will make everyone watch this game, the quality of the match was top-notch'

'Nehru profoundly misunderstood how important religion was in the lives of the people'

'Nehru profoundly misunderstood how important religion was in the lives of the people'

Rediff.com26 Jan 2022

'Nehru's inability to take religion seriously as a category led to serious errors of judgement in his dealings with the Muslim League, and later, also with the Hindu right.'

You closed all options to recover dues by going public: Nirav Modi tells PNB

You closed all options to recover dues by going public: Nirav Modi tells PNB

Rediff.com19 Feb 2018

The billionaire jeweller, who has fled the country, in the letter also disagreed with the loan default amount of Rs 11,400 crore and pegged the amount his companies owe to the bank at under Rs 5,000 crore.

Points to remember before closing a loan

Points to remember before closing a loan

Rediff.com24 Mar 2015

Remember to take important documents like no dues certificate.

Bedi tried to get his undeserving son in Delhi team: Gambhir

Bedi tried to get his undeserving son in Delhi team: Gambhir

Rediff.com5 Aug 2019

Gautam Gambhir on Sunday alleged former India captain Bishan Bedi of indulging in nepotism while trying to push his son Angad in Delhi's age-group teams.

Now, Rotomac Pens owner goes missing after taking loans of Rs 800 crore

Now, Rotomac Pens owner goes missing after taking loans of Rs 800 crore

Rediff.com18 Feb 2018

Vikram Kothari took a loan of Rs 485 crore from Mumbai-based Union Bank of India and a loan of Rs 352 crore from Kolkata-based Allahabad Bank. A year later, Kothari has reportedly not paid back either the interest or the loan.

Beyonce makes history at Grammys 2021

Beyonce makes history at Grammys 2021

Rediff.com15 Mar 2021

With 28 Grammy wins in total, Beyonce breaks the record set by veteran singer Alison Krauss.

Foreign missions seek lifting cap on cash withdrawal

Foreign missions seek lifting cap on cash withdrawal

Rediff.com8 Dec 2016

Citizens of many countries including Iran, Sudan and Cuba, who come in large numbers to India are facing severe problems as they do not have international credit cards

Millions of job at stake, apparel exporters hit panic button

Millions of job at stake, apparel exporters hit panic button

Rediff.com4 Apr 2020

Even as the industrial cycle has ground to a halt during the 21-day lockdown, the industry has been hit hard by foreign orders from major clients in the US and Europe being cancelled. Also, a sudden lack of labour has crippled the sector because of a mass exodus of workers from industrial units to the hinterland.

Indian origin ex-MP challenges pornography allegations

Indian origin ex-MP challenges pornography allegations

Rediff.com18 Feb 2014

Indian-origin former German lawmaker has challenged the child pornography allegations levelled against him by state prosecutors, accusing them of lying about the probe against him.

StaChart ties up with OBC

StaChart ties up with OBC

Rediff.com2 Nov 2005

Foreign banking major Standard Chartered Bank has tied up with Oriental Bank of Commerce for providing agency trade services to Indian importers.

Didn't quote PAN with big transactions? Here's help!

Didn't quote PAN with big transactions? Here's help!

Rediff.com27 Jul 2016

The department gets data of high-value transactions under the Annual Information Return.

IIT students to get lockdown benefits!

IIT students to get lockdown benefits!

Rediff.com2 Jun 2020

From early graduation to flexible grading, Gunjan Sharma reports on how the IITs will help their graduating students.

Rana Kapoor: Banker gone Rogue

Rana Kapoor: Banker gone Rogue

Rediff.com9 Jan 2021

'The book captures Rana Kapoor's hunger for real estate leading to bungalows in Delhi, Mumbai, London and other cities; the multiple companies -- over 100 -- to fund his family's various ventures; the attempt to game the system by showing lower non-performing assets,' notes Joydeep Ghosh.

Interpol issues Red Corner Notice for Nirav Modi

Interpol issues Red Corner Notice for Nirav Modi

Rediff.com2 Jul 2018

In its RCN issued against a fugitive, the Interpol asks its 192 member countries to arrest or detain the person if spotted in their countries after which extradition or deportation proceedings can begin.

Nirav Modi's passport was revoked yet he managed to travel extensively

Nirav Modi's passport was revoked yet he managed to travel extensively

Rediff.com18 Jun 2018

CBI said it had shared the information about revocation of his passport in the 'diffusion' notice issued through the Interpol on February 15.

Scratched off para gives new twist to Rohith's suicide

Scratched off para gives new twist to Rohith's suicide

Rediff.com22 Jan 2016

The letter purportedly written by Rohith Vemula, the Dalit scholar of University of Hyderabad, before he committed suicide, has been sent to the forensic lab for analysis as reports emerged about an entire paragraph that had been scratched off the note.

Fraud in sight, De Beers cuts India's rough diamond allocation

Fraud in sight, De Beers cuts India's rough diamond allocation

Rediff.com1 Mar 2018

'We don't trade with any business where we have specific concerns,' a De Beers spokesperson said.

Why Anil Ambani wants Edelweiss banned from capital markets

Why Anil Ambani wants Edelweiss banned from capital markets

Rediff.com12 Feb 2019

Reliance Group, recently, accused L&T Finance and Edelweiss Group entities of "illegal" and "motivated" actions in invoking the pledged shares of Anil Ambani group's three listed firms and selling them in open market causing a steep fall in share values.

Must Read: The Great Diamond Heist

Must Read: The Great Diamond Heist

Rediff.com23 Feb 2018

'If there is any industry that is unfit for modern corporate form it is the diamond trade.' 'But no one was asking the right questions.' 'The music was playing and so the game was on,' says S Murlidharan, former MD, BNP Paribas.

The trillion-dollar question nobody can answer

The trillion-dollar question nobody can answer

Rediff.com15 Sep 2011

The United States government over the years has been spending more than what it earns. Like for the year 2011, the expected revenues for the US government stand at $2.17 trillion, whereas the expected expenditure is much higher at $3.82 trillion, leaving a difference of $1.65 trillion between what the government earns and spends.

Who Is RESPONSIBLE For The NSE Mess?

Who Is RESPONSIBLE For The NSE Mess?

Rediff.com22 Feb 2022

In all this, the political establishment -- and especially the finance ministry -- appears the weakest link, and worse still, the possible reason for the political backing to Narain and Ramkrishna that emboldened them to defy all the sentinels -- the independent board, the auditors, top management persons like the chief compliance officer, the company secretary, and unbelievably the super-regulator Sebi, observes V Ranganathan.

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rescue plan for Sahara in doubt as Spanish bank denies loan

Rediff.com25 Mar 2015

Spanish bank denies credit line to bail Sahara boss.

Acts of God don't impress banks

Acts of God don't impress banks

Rediff.com3 May 2010

Importers may be hit by delay in receipt of documents. But, they cannot hold the negotiating bank or the nominated bank or the LC-issuing bank responsible for the delay.

'Sachin Waze is not Mumbai police'

'Sachin Waze is not Mumbai police'

Rediff.com23 Mar 2021

'One man went berserk or rogue that does not mean the Mumbai police should be ashamed.'

Bullion traders slam duty move, gold markets shut for 3 days

Bullion traders slam duty move, gold markets shut for 3 days

Rediff.com2 Mar 2016

Association will write a letter to Finance Minister Arun Jaitley to demand a rollback.

'Sasikala will return with full power if...'

'Sasikala will return with full power if...'

Rediff.com15 Mar 2021

'If the EPS government falls, Sasikala will return. If EPS wins, he will become an indispensable leader and Sasikala will not be able to return.' T E Narasimhan reports.

IBC: The CURIOUS Case of Videocon

IBC: The CURIOUS Case of Videocon

Rediff.com6 Aug 2021

Valuers have found almost no assets to pay for their claims against the Videocon group that entered the insolvency process in 2018. But the dissenters suggest that the money is elsewhere, possibly in the group's oil and gas assets, which are not part of the group's bankruptcy case.

How PSBs plan to restructure loans of up to Rs 25 cr

How PSBs plan to restructure loans of up to Rs 25 cr

Rediff.com31 May 2021

Public sector banks, including the country's largest lender State Bank of India (SBI), have come out with a templated approach for restructuring retail and small business loans of up to Rs 25 crore under the Reserve Bank of India's (RBI) Covid restructuring package 2.0. They have also come out with standardised products to make funds available to business entities for improving healthcare infrastructure and to individuals for meeting Covid treatment expenses. Business loans have been divided into three categories.

Ex-MD of PNB was aware of Nirav fraud: CBI

Ex-MD of PNB was aware of Nirav fraud: CBI

Rediff.com21 May 2018

The 12,000-page charge sheet further claimed that a similar fraud was detected in 2016 following which the RBI took up the issue and issued circulars to all banks.

Dream home on your mind? Think pre-approved home loans!

Dream home on your mind? Think pre-approved home loans!

Rediff.com23 Dec 2015

Here are the many pros and some cons of going for such an arrangement

Why Amit Mitra is important to Mamata

Why Amit Mitra is important to Mamata

Rediff.com27 Nov 2021

No longer Bengal's finance minister, Amit Mitra, Mamata's principal chief advisor, will still advise and aid the 'chief minister and finance department on all matters relating to management of state finance', represent the 'state government in national and international events/meetings/committees' and examine 'important proposals/files and policy issues relating to financial matters referred to him for advice/views'.

From flashy diamantaire to fugitive: Nirav Modi's long road to extradition

From flashy diamantaire to fugitive: Nirav Modi's long road to extradition

Rediff.com25 Feb 2021

The diamond merchant wanted in India on charges of fraud and money laundering in the estimated $2-billion Punjab National Bank scam case, lost his legal battle against extradition as a UK judge ruled that he does have a case to answer before the Indian courts.

PNB fraud: CBI gets govt nod to act against Usha Ananthasubramanian

PNB fraud: CBI gets govt nod to act against Usha Ananthasubramanian

Rediff.com13 Aug 2018

The government has given sanction for prosecution against PNB executive director Sanjiv Sharan as part of the clean up exercise in the system.

It's difficult to escape the taxman now!

It's difficult to escape the taxman now!

Rediff.com20 Feb 2017

With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Patanjali's Rs 4,000-cr loan: Another big headache for banks

Rediff.com6 Nov 2019

Despite sanctioning the loans, bankers are worried whether to disburse the loan because of absence of an investment grade rating.

Dream home on your mind? Think pre-approved home loans!

Dream home on your mind? Think pre-approved home loans!

Rediff.com13 Sep 2015

Make your 'dream-home' dream come true