Investment banking star and Moelis India Chief Executive Officer Manisha Girotra remembers a colleague who wanted to resign because she needed to attend to her parents' health issues in a different state. Rather than quit a promising career, she was given the flexibility of working from home on Fridays, which was unusual in the pre-pandemic days. This allowed her to take care of her parents' visits to the doctor and other health-related needs without quitting her job. She would be back in the city office on Mondays.
Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.
The flight, AI1943, took off from the Mumbai airport around 3.40 am and is expected to land at the Bucharest airport around 10 am (Indian Standard Time), senior government officials said.
New series points to a sharp recovery since FY14.
The Indian regulatory framework forced Citi to hibernate -- contrary to the claim that it never sleeps!
Balance transfer is a facility in which you can transfer outstanding balance from one credit card to another. It works well if you have multiple cards.
Women dominate Indian banks's clerical and officer rolls, but few make it to the executive office these days, notes Tamal Bandyopadhyay.
Pallon has already joined the boards of some of the unlisted companies such as Afcons
While the first three parts of the operation, codenamed 'Red Spider', dealt with Indian banks (both private and state-run), the fourth part targeted a couple of foreign banks.
'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.
It is raining private equity funds in the logistics and warehousing space.
In August, RBI allowed 11 business houses to start a payments bank.
India believes no country would emerge victorious in the Russia-Ukraine war as all will suffer losses and there will be a "more serious" impact on developing and poor countries, Prime Minister Narendra Modi said on Monday after holding talks with German Chancellor Olaf Scholz as both leaders reiterated the need for an immediate cessation of hostilities.
IIM-A saw 36 per cent jump in maximum domestic salary in 2018 placements this year.
These cash shortages increase banks' funding costs, making it harder for them to lower lending rates
Its obsession for growth, chasing corporate clients and giving up its original mandate of meeting the needs of local trade and businesses. A quarter of its loan book has gone bad. That's an error of business strategy, points out Tamal Bandyopadhyay.
Elana Meyer looks back on the disappointment of missing out on competing internationally because of the sporting boycott of South Africa in conversation with Rediff.com's Laxmi Negi.
Putin said the purpose of the West is to weaken, divide and ultimately destroy Russia.
Modi, who met Putin last week on the sidelines of the 22nd meeting of the Shanghai Cooperation Organization in Uzbekistan's Samarkand, had told the Russian leader that "today's era is not of war".
High-end brand experiments with EMIs via credit cards to push market share.
The Institute of Chartered Accountants of India will soon ask the International Accounting Standards Board to upgrade India's ranking in terms of compliance with international accounting standards to positive from negative.
There's no rush to recognition from the United States or any country we have spoken with around the world. It will be very dependent on their behaviour and whether they deliver on what the expectations are of the global community, White House Press Secretary Jen Psaki told reporters.
Mired in corruption, politics and with a history of suicides by its hapless depositors, PMC Bank's revival is a challenge very different from Yes Bank and LVB, both for the regulator and the rescuer, observes Tamal Bandyopadhyay.
A concession has been made in allowing players to train after six days as long as they remain inside the team bubble.
No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.
The national trait of exploiting the inherent weakness of democracy is now mirrored within the ICAI too.
Tanzania's Alphonce Simbu won the men's elite full marathon event while Kenya's Bornes Kitur bagged the women's title at the Standard Chartered Mumbai Marathon in Mumbai, on Sunday.
Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs 2.05 lakh crore, a highest of 6,811 cases were reported by the ICICI Bank.
Bankers expect RBI to help them spur lending growth.
'Without bold action to deal with our banking crisis, count on the economy's doldrums to continue for much longer than most of us anticipate,' says Rahul Jacob.
Pune saw the fastest growth in terms of number of super-rich people.
Over 160 rights groups call on IOC chief to revoke 2022 Beijing Winter Games
Over 25,600 cases of banking fraud reported up to December 21, 2017, says Minister RS Prasad.
There's a long way to go before human beings are replaced by machines -- in banks at least.
Former Formula One World champion Damon Hill says the decision to scrap the Indian Grand Prix after just three years of its launch was a "shame", especially as the Buddh International Circuit in Greater Noida has a "great track".
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
May touch 64/$ due to foreign flows slowing down
Britain's 'remain' option gaining traction, with the implied probability of such an outcome at 78 per cent.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
England and Australia's cricketers, who will be playing in the upcoming Indian Premier League, will be available for selection for Kolkata Knight Riders' opening game on September 23, CEO Venky Mysore said.
