'They just say we agree to your demands in the meetings, which is lip service. But on the ground they do not implement anything.'
The latest whistle-blower revelations of multiple shenanigans at global ride-hailing app Uber, coming thick and fast after serial exposes of various dodgy practices at Facebook, Apple, Amazon, Netflix, Google in the recent past raises uncomfortable questions about India Inc. If the FAANGs, Twitter and Uber can be guilty of multiple and diverse transgressions what's happening in Indian corporations? It can be nobody's case that India's largely family-owned and - managed private sector is a beacon of transparency or best corporate governance practices, bolstered as it is by an informal omerta among employees, managements and even boards.
The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.
India and China made progress in five-six friction points along the Line of Actual Control in eastern Ladakh through talks in the last three years and efforts are underway to resolve the remaining issues, External Affairs Minister S Jaishankar said on Monday.
'An actor should learn to separate the actor and the character.' 'Me the actor and me the character should never intermingle.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
'The upper caste elite's belief that they are casteless is a belief that is available only to the upper castes. Because all the lower castes are reminded by society every day what their caste is.'
'IDF (the Israeli Defence Forces) soldiers, be it a girl or a boy, they may look very cute, but you cannot mess with them.' 'People are serving their country at 95 years of age. That's the greatest example of patriotism.'
Prime Minister Narendra Modi's visit to the United States this month will set new benchmarks for bilateral ties and some 'really big, historic and exciting' announcements are likely to be made on defence cooperation and boosting India's indigenous military industrial base, the Pentagon has said.
Tirumurti also said India is 'deeply concerned' about the welfare and security of the Indian community, including a large number of Indian students, in Ukraine.
'I'm pitching India for the strengths we offer, including the English language, engineers, doctors, nurses, professionals, innovative talent of startups.'
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
The Securities and Exchange Board of India (Sebi) is working on a new payment system for the secondary market, which could prevent brokers from accessing their client funds. It will be on the lines of the Application Supported by Blocked Amount (ASBA) process used for subscribing to initial public offerings (IPOs), where funds move out of an investor's bank account only after the trade is confirmed. Sebi chairperson Madhabi Puri Buch on Wednesday said that despite the challenges, the new system would be ready in a few months.
'We are in very tough times, but we are all absolutely committed to seeing the destruction of Hamas'
Most Japanese and Chinese imported oil and one-third of the world's traded goods pass through this area in Southeast Asia.
'People coming from the slightly upper section of Palestinian society want to fight and I see vengeance in their eyes.'
Handling pressure at the highest level can be tricky for rookies but archers Aditi Swami and Parneet Kaur were fortunate to have the seasoned Jyothi Surekha Vennam by their side.
Despite the narrowing spread of yields between the benchmark 10-year Indian government bond and the 10-year US Treasury bond, foreign portfolio investors (FPIs) are continuing to invest in the domestic debt market this year -- a trend backed by a stable currency and a less volatile bond market. FPIs have been net buyers in the debt market in 2023 so far, marking the first time since 2019. The yield spread between the 10-year Indian government bond and the 10-year US Treasury note stood at 3.14 per cent on August 8 - the narrowest in over a decade.
Led by the rally in stocks, the market capitalisation of BSE-listed companies rose by Rs 883,714.01 crore to Rs 1,51,08,711.01 crore.
'If individual stocks start falling 25% to 30% or more, then I doubt how many of them will be able to withstand that (kind of selloff). That is when you'll see panic coming in.'
India abstained on the procedural vote taken in the Security Council ahead of a meeting to discuss the tense situation on the Ukraine border.
Sam Bahadur is a mechanical summary of his life, ticking off one chapter after another without bothering to pause or ponder over their significance and influences, observes Sukanya Verma.
'Religion has divided our country like it never had done.' 'I can't remember a time of such focused hatred.'
Not known to share the best of equations with his former deputy, Rajasthan Chief Minister Ashok Gehlot on Wednesday came out in support of Sachin Pilot amid allegations by the Bharatiya Janata Party that his father, former Union minister Rajesh Pilot, was involved in the bombings over Mizoram in 1966.
India wicketkeeper-batter Rishabh Pant said the team is trying to find out which positions suit whom and how they can benefit the team.
'Israelis not only harassed Palestine Muslims, but also Christians.' 'Palestinians have been telling Israel that this will blow up the situation, but they would not listen to us.'
'In today's world, it is difficult for public pressure to work against a country like India.'
'...only if we sort it out with Pakistan.'
In the coming months, globally as well as in India, rice might remain a hot potato.
There is the problem of regions in the North East being theatre for power-play by nations with borders and influences converging in those parts, which in turn requires a sizable presence of the armed forces, notes Shyam G Menon.
Trading volumes for the equities cash segment remained soft, even as the benchmark indices rallied nearly 9 per cent in July. Meanwhile, volumes in the futures and options (F&O) market dipped marginally, but continued to hover at record levels. In July, the average daily turnover (ADTV) for the cash segment was Rs 46,602 crore, up 4.5 per cent month-on-month (MoM), but 26 per cent lower than the preceding 12-month average.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
Do you have financial planning queries? Ask rediffGURU Anil Rego.
The government plans to remove the definition of broadcasting services altogether from the bill to help reduce confusion among stakeholders.
Zuckerberg, in an interview with The New York Times, referred to the artificial intelligence tools deployed by Facebook to detect fake accounts trying to manipulate news and influence the elections.
India, along with 12 other United Nations Security Council members, abstained on a resolution by Russia on the humanitarian crisis in Ukraine.
'Israel has received an extremely hard and rude reminder that it cannot go ahead and talk of normalisation of relations with other Arab countries without addressing the issues pertaining to Palestine.'
'Rapists do have families. I wanted to see how a father or mother would deal with it.' 'They go through shame as well and get discriminated from the rest of the village.' 'Why don't we show it that way?'
The Chinese have been making inroads in Sri Lanka where they recently got a reclaimed port city near Colombo. Prior to that, they gained control over the Hambantota port which was built by them.
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