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.
Despite the incessant disruptions and bitter clashes between political parties witnessed in the ongoing monsoon session of Parliament, lawmakers from across the political spectrum will display rare unanimity in the coming days to pass two bills aimed at protecting their interests.
India's roughly $150 billion outsourcing sector generates about three quarters of its revenue from the United States.
'At a time when the entire India-US relationship needs to be defined by President Trump and Prime Minister Modi, a fresh look at the liability issue has become urgent,' says Ambassador T P Sreenivasan, former Governor for India at the IAEA.
Veteran Olympian, Ashok Diwan has sought government help to return home after 'developing some health problems in the USA'.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
Ola Electric's technology team is working hard to iron out the technical kinks that marred the electric vehicle company's hyped online sale of its electric scooters (e-scooters) - the S1 and the S1 Pro - on Wednesday, said company sources. The SoftBank-backed firm is facing technical difficulties in making the website live for the purchase of its e-scooters. According to company sources, the website couldn't go live as there were integration issues.
China accounts for 90% of imports of mobile phones to India.
'The rule for millennials is: You can have a career for life.' 'You have to constantly adapt to the needs of the industry to stay relevant.' 'The jobs will be the same, but the skill sets required will be different.' 'Technology will dominate the nature of jobs available in the future.'
Two-wheeler prices are likely to rise by 10-25 per cent on account of higher premiums on insurance and commodity prices, mandatory safety regulations and BS-VI emissions that kick in from April 1, 2020.
Finance Minister Nirmala Sitharaman presents her fourth Budget in Lok Sabha on Tuesday.
India and Russia are involved in talks to sort out the nuclear liability issues before they sign an agreement for setting up Units III and IV of the Kudankulam power plant in Tamil Nadu during Prime Minister Manmohan Singh's annual summit with President Putin in Moscow next week.
The presidential dreams that the veteran leader from Delaware had harboured since childhood seemed all but over for a third time until he won South Carolina's Democratic Party primary on February 29 last year, forcing most rivals out of the race and making one of the most dramatic comebacks in American political history.
Ties between India and the United States have been strained in recent years because of trade policies and patent disputes.
Bank strike continued for day-two on Tuesday, led by nine unions of public sector banks (PSBs) in the country, opposing government's policy to privatise the lenders. Customers will be inconvenienced to get services such as cash withdrawals, deposits, cheque clearances, remittance services. Government transactions related to treasury as well as business transactions will also be impacted. United Forum of Bank Unions (UFBU), an umbrella body of nine unions, had given a strike call for March 15 and 16.
The actual expenditure will only be marginally higher and hence, the multiplier effect will be muted.
For automakers, the festive season is about raking it in through ramped up sales and attractive consumer offers. However, despite the robust demand, what may spoil the party this year is a global shortage of semiconductors.
Large number of buyers has put purchases on hold because of a combination of factors, including high fuel prices, higher insurance cost, and firm interest rates.
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.
Modi said that violence, abuse and rude behaviour against frontline workers is not acceptable
The industry needs stimuli to help revive consumer demand and conversions.
'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan
"We suspended the deal as a simple preventive measure, since there are complaints that could not be explained well by the complainant, so we opened a preliminary investigation last week," said Rosario, head of the Federal Comptroller General.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Cumulative sale at India's top six passenger vehicle (PV) makers dropped 0.7 per cent to 267,000 units, from 269,000 a year before.
'Anything that couldn't be stolen they destroyed.' Saloni Dhumne and Atreya Raghavan speak to members of the Indian community in Durban -- the largest congregation of Indians outside India -- who were targeted in last month's horrific riots.
Such products in insurance parlance are called acturial-funded products. The ban would require Aviva Life Insurance to withdraw all its 14 ULIP products, while Bajaj Allianz one of its ULIPs called Capital Unit Gain.
Will the Financial Resolution and Deposit Insurance Bill endanger our bank deposits?
Over 200 world leaders, including former presidents, prime ministers and ministers have backed a campaign urging the Group of Seven (G7) rich nations to help vaccinate the world's poorest from low-income economies against COVID-19 by paying two-thirds of an estimated $66 billion required.
Voicing concern over potential job losses in the United Kingdon, Azim Premji chief of IT major Wipro said a number of large British corporations, including HSBC, Royal and SunAlliance
SoftBank-backed Ola Electric took the wraps off its maiden e-scooter offerings -- Ola S1 and S1 Pro -- for a commercial launch on Sunday. With prices starting from Rs 99,999 (excluding state government incentives, registration fee, and insurance cost), the Bhavesh Aggarwal-founded firm said the e-scooters are designed and engineered in India for the world and will deliver the best scooter experience to the consumer. He suggested that after 2025, sale of petrol-powered two-wheelers should not be allowed.
Bubbles can inflate indefinitely and also burst, with deep corrections, warns Devangshu Datta.
Traditionally, most PSUs have been cash-rich, which added to their value. However, the government has been tapping regularly into their cash resources to boost revenue for the exchequer
Irda asks insurance companies to increase risk cover from July 1
Ulips are investment-cum-insurance instruments that are at the centre of the confrontation between the insurance and capital market regulators.
'Everyone says never waste a crisis.' 'When we went into Covid and we were in total lockdown, we were at work.' 'The planes were not flying and we wondered what to do.' 'We looked at each of our performance metrics -- what are customers complaining about, how do employees feel, how do investors feel?'
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
While there's tax arbitrage advantage in ULIPs now, experts say investors should prefer mutual funds for long-term savings.
Of the nearly 4.6 crore people living as slaves globally, two-thirds, or 3.04 crore, are in the Asia-Pacific region, with the highest number in India.
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