Top officials said asking employees other than the fund management team to mandatorily invest a fifth of their salary goes against the principle of natural justice.
His kids were there at their granddad's Eid celebration, but the superstar was missing...
'He will be missed by all of us in Saurashtra.'
'Put the assets of PMC Bank and the personal assets of the HDIL promoters and head of PMC Bank in an escrow account and ring-fence it from the ad hoc action of the revenue departments and creditors,' recommends Debashis Basu.
Amitabh Chaudhry, who will now head the merged entity, will manage assets under management of about Rs 1.10 lakh crore and an employee base of 23,620 after the completion of the deal
City Football Group Chief Executive Officer Ferran Soriano said there is no doubt that India will become a major football nation in the coming years.
Banks are not allowed to lend to developers for purchasing land parcels.
The launch was attended by family and friends.
It is up to the bank management to decide which application gets to interact with the CBS
The Central Bureau of Investigation on Tuesday registered a fresh case against Kumar Mangalam Birla in coal allocation scam.
Uncertainty lingers in the minds of retail investors due to scams.
In a special series, we will put YOU to the test everyday!
CBI conducted raids at over two dozen places including those of senior officials of SBI Mutual Fund, UTI and broker Ketan Parekh for allegedly duping the financial institutions of crores of rupees in the latest stock market scam.
A special screening was organised for the beautiful ladies.
Top business leaders to raise issues on investment, trade and the rupee
Celebrities attend an awards show. Looking at the pictures.
'It can't be a coincidence that he and his family, uncles and all, vanished from India only days before the scam was discovered.'
'Ajay Devgn is perfect to slip into Idris Elba's shoes.' 'Taapsee can play any role under the sun.'
Take this quiz to test your finance gyaan.
The settlement with Sebi was seen as Infosys admitting guilt of the lapse, clearing out any legal or regulatory challenges and preparing ground for new chief executive officer Salil Parekh.
Do you know Ashaji crooned a seductive night club song, Zooby Zooby Je L'aime Vous for An Evening In Paris?
Experts said this would not only reduce Infosys' dependence on the H1B visa, which has seen increased restrictions under the current US administration. It will also help the company in building an employee pyramid for its future operations.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
Economists advise against it, citing international experiences; business leaders say RBI should allow move for inclusive growth.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
Given the developments, analysts expect fiscal and monetary support from the government and RBI to revive sentiment. However, recovery, they say, from these levels will be slow and painful.
Nandan Nilekani said the co-founders have served the company "selflessly" and remain committed to the long-term success of Infosys.
In this week's Classic Re-visited special, we look back at Shammi Kapoor and Asha Parekh's 1966 film, Teesri Manzil.
A Kolkata court on Friday rejected the bail prayer of former Calcutta Stock Exchange president Kamal Parekh and extended his police custody till June 24 in connection with the Rs 120 crore (Rs 1.2 billion) scam.
The windfall from RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalise banks and provide fiscal stimulus to some stressed sectors, experts and economists said.
JM Financial Consultants, Arpwood Capital and Alvarez & Marsal will advise the board going forward
Reader Saloni Parekh has sent us few photographs
Analysts on Wednesday welcomed the Reserve Bank's decision to grant bank licences to Bandhan and IDFC, but expressed dismay that only two of the over two dozen aspirants made the cut.
