Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
India handed over a dossier to Pakistan to take action against the JeM, as pressure mounted on Islamabad to take action against individual and organisation listed by the UN Security Council as terrorists.
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
His remarks without naming any country came against the backdrop of tension between India and Pakistan after New Delhi revoked Jammu and Kashmir's special status.
'Any future course of action towards active participation in the alliance when formed would need a lot of deliberation, long term vision and should be in our best national interests,' notes Commodore Vengalil Venugopal (retd).
Sebi's move will help curb the illicit practice of keeping the parent company's account clean while maintaining debt in its subsidiaries.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
Mallya failed to repay loans worth Rs 7,200 cr, did not pay salaries, did not deposit PF, and did not pay income tax. It is still a mystery why banks continued to pour money into the airline when it was on life support
In last few years, a number of global players have exited the Indian mutual fund business.
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
India plans to launch trading of government bond futures within the next two months as part of efforts to deepen its financial markets, according to several sources involved in the discussions with the central bank.
There has been an exponential increase in the use of technology to validate financial numbers, with a greater reliance on electronic evidence, use of live videos where possible, data analytics, and project management software to overcome the physical limitations in verifying transactions and accounts.
If GDP growth in Q2FY18 remains below 7%, the outlook for Samvat 2074 would remain uncertain at best, says Nitin Desai.
Other London properties, aircraft & offshore accounts are yet to catch the attention of regulators.
Chief Minister Ashok Gehlot and other senior party leaders, including All India Congress Committee general secretary Avinash Pande and spokesperson Randeep Surjewala, also moved to Jaisalmer along with the MLAs in five chartered flights.
Bosch Limited's Bengaluru plant reached the settlement with its Workmen Union-Mico Employees' Association on December 8 and, with this, the prolonged "illegal" strike called by the Union comes to an end, it said.
In an online chat with readers, Vidhu Shekhar, Country Head - India, CFA Institute shared crucial advice to crack the competitive exam.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
A new rule has been drafted by aviation regulator Directorate General of Civil Aviation formally empowering the pilot-in-command of all flights to take suitable action to prevent such commotion which could endanger safety of the flight or passengers or crew members.
Interestingly, India had objected to the establishment of a UNHCHR when it was proposed by the US at the Vienna Conference on Human Rights in July 1993 and the whole proposal was remitted to the General Assembly in New York because India and others said that the whole issue should be examined in detail, says Ambassador T P Sreenivasan, who had led the Indian delegation for negotiating the terms of the HCHR.
'I would not be running had it not been for the army.' 'I learned to value my time only after I was posted in Kashmir.' 'I was posted there for three months. In those three months I learned everything about life.'
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
"Why is it that whenever there are no political overtones to a case, the CBI does a good job?" he said.
This is the first visit by diplomats to the newly carved out UT.
UV Asset Reconstruction Company Ltd has made the highest bid of Rs 16,000 crore to buy Anil Ambani group's Reliance Communications and Reliance Telecom, which are in the National Company Law Tribunal (NCLT). Last year it was the highest bidder for taking over Aircel's assets for an upfront payment of Rs 150 crore. Surajeet Das Gupta and Dev Chatterjee dig deeper to find out more about this little known company.
facilities at Bangalore one understands the financial year end frenzy at these establishments and the slipshod slippages in timeframes, quality of overhaul, servicing and quality control across the board, for aircraft and equipment alike,' says Group Captain Murli Menon (retd).
The prospects of getting a good course in a good college with an aggregate of 92 per cent are bleak, says a parent.
Even as you fight the ongoing health challenge, here are some tips to strengthen your personal finance in the time of coronavirus.
'If questioning and dethroning hierarchies is your primary motive, why not put an end to the practice of announcing your shining star, your box office draw, in big flaming letters and mentioning everyone else's name in small font at the bottom of the screen?' asks Sreehari Nair.
The investigation into the blasts at Dilsukhnagar in Hyderabad on February 21, 2013 that killed 19 people is today a case study about the pathetic state of affairs with regard to handling of terrorism cases in India
India's five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza Textiles
Experts hail Budget 2015 as a progressive, growth oriented one.
'After 8 to 10 hours of running, when my body starts paining, I keep thinking about the pain and sacrifice of my mother and it makes my will stronger.'
In an online chat with readers, Vidhu Shekar, CFA, country head-India, CFA Institute shared advice on how to crack the CFA exam.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
The deal comes at a huge cost to minority shareholders who have till date lost close to Rs 5,500 crore that were written off United Spirits' books
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances