Benchmark equity indices Sensex and Nifty extended their gains for the second straight session on Monday, driven by optimism over the India-US trade deal and robust buying in public sector banks, consumer durables, and realty stocks.
Saurabh and Gaurav Luthra, the owners of the Goa nightclub wanted in connection with the fire tragedy that claimed 25 lives at the facility, have fled to Thailand, prompting police to seek the help of Interpol to trace them, officials said in Panaji on Monday.
Starting Wednesday, October 1, foreigners in India have the option to submit a 'digital arrival card' online instead of the paper card.
Each employee is generating more business than before -- driven by cost rationalisation, digital adoption, and better resource utilisation -- signalling a stronger foundation for sustainable growth and profitability.
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
Public sector lender Bank of India has moved to the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Future Retail Ltd and a moratorium over the assets of the Kishore Biyani-led debt-ridden firm. Besides, Bank of India (BOI), the lead banker of a consortium of banks that lent money to Future Retail Ltd (FRL), also suggested the insolvency tribunal appoint Vijay Kumar V Iyer as the interim professional of the company. Meanwhile FRL, in a regulatory filing, said it has been served and received a copy of the petition and is in the "process of taking legal advice".
The legislation is aimed at streamlining various services related to immigration and foreigners, including their entry, exit and stay in India.
India is proposing a new law that would impose a jail term of up to seven years and a fine of Rs 10 lakh on anyone found using a forged passport or visa to enter, stay, or exit the country. The Immigration and Foreigners Bill, 2025, also mandates reporting of foreign visitors by hotels, universities, and hospitals to track overstaying individuals. The bill aims to simplify laws, ease business, and strengthen national security while promoting economic growth and tourism.
The group was being used to share obscene messages and morphed pictures of underage girls on the social media site.
Bank of India has upgraded its Representative Office in the southern city of Shenzhen into a full-fledged branch, a month ahead of China's opening up of its banking sector to foreign competition.
Bank of India, the first public sector bank to establish a foreign branch, would open another five overseas offices and raise tier-II capital of Rs 300-500 crore (Rs 3-5 billion) to improve its capital adequacy ratio.
Bank of India will not resort to panic selling and is open to offer funds to brokers needing additional liquidity in the face of the stock market mayhem, a top bank official said.
Novak Djokovic etched his name into Olympic history, capturing the gold medal in a thrilling victory over Carlos Alcaraz.
Bank of India will become the first Indian bank to set foot in the Chinese capital when its Representative Office is inaugurated in Beijing next week.
'Those betting against PSUs will likely be punished in this upswing.'
'If an individual makes significant financial investments, she should stick to the old regime.' 'If the individual prefers straightforward computation without any tax benefits, the new regime would be suitable.'
With this reduction, the banks BPLR will fall to 12.50 per cent from January 1. The bank has also lowered its deposit rates by 25-100 bps across various maturities. The maximum rate available would be 8.75 per cent for deposits of two years and above.
Bank of India has reduced interest rate on foreign currency non-resident deposits up to 0.22 per cent, effective from Saturday. There is, however, no change in the rates on yen-denominated FCNR deposits.
A summary of the day's tennis action at Roland Garros.
The Bank of India has revised the interest rates on Foreign Currency Non-Resident deposits in US dollar and Euro currencies with effect from Tuesday.
The Reserve Bank of India has recommended the names of State Bank of India and Bank of India to its Pakistani counterpart for allowing them to open of branches in that country.
Recent liquidity easing measures from the central bank and the improving scenario might lower the lending and deposit rates in the next one month, a top banker said. As part of its efforts to ensure stability and sufficient liquidity in the financial system, Reserve Bank is likely to continue its ongoing policy measures but is unlikely to slash the repo rate in the forthcoming policy, Narayanasami said.
The National Company Law Tribunal (NCLT) on Wednesday admitted Bank of India's plea to initiate insolvency resolution proceedings against debt-ridden Future Retail Ltd (FRL). The tribunal rejected Amazon's objection to initiating insolvency proceedings against Future Retail. Admitting the lenders' plea, the NCLT appointed Vijay Kumar Iyar as the resolution professional for FRL.
The aircraft was on a routine sortie over the sea off Goa.
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms, including one related to "Frauds - Classification and Reporting". A penalty of Rs 4 crore has been imposed on Bank of India and Rs 2 crore on Punjab National Bank. In a statement, the RBI said the statutory Inspection for Supervisory Evaluation (lSE) of Bank of India was conducted with reference to its financial position as on March 31, 2019.
It won't be easy for the banking sector to better its performance every quarter, predicts Tamal Bandyopadhyay.
While main events throughout the country were organised on Sunday by the Vishwa Hindu Parishad of America, several community members gathered at the iconic Times Square in New York to celebrate the historic event.
Deploying additional Central Industrial Security Force (CISF) personnel, providing real-time updates through social media, adding more immigration counters and ensuring 100 per cent manning of immigration counters - these are some of the steps that the Ministry of Civil Aviation (MoCA) is now taking in coordination with other stakeholders to avoid congestion at major airports during the upcoming festival season. During the last year's festival and winter season, major airports in the country suffered from congestion due to lack of sufficient airport infrastructure, inadequate X-ray screening machines, bunching of flights at peak hours, as well as inadequate CISF and immigration personnel, the MoCA stated on Thursday. Civil Aviation Minister Jyotiraditya Scindia, after last year's congestion issue, had asked major airports - including Delhi, Mumbai, Bengaluru, Hyderabad, Kolkata and Chennai - to identify bottlenecks and augment capacity to meet the growing passenger demand.
Shareholders of the six listed Future Group companies voted on Wednesday. Bankers said all the large lenders had rejected the proposal.
Bank of India decided to forfeit partly paid equity shares on which allotment monies have not been paid by the shareholders.
Bank of India plans to forfeit shares on which allotment money has not been paid by holders.
This is following revival of demand from the corporate sector and small and medium enterprises (SMEs), even as a nascent economic recovery is taking shape. Credit growth of scheduled commercial banks had accelerated to 9.2 per cent year-on-year (YoY) by the end of December 2021 after breaching the 7 per cent-mark in November, for the first time since April 2020.
The state police have been looking for the Shiromani Akali Dal leader to arrest him.
On the other hand, quasi-state owned National Bank of Pakistan and privately-owned United Bank Ltd will be running full-banking operations across the border, once licensed by India.
In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.
Banks looking to raise capital via bond sales to fund decade-high credit growth were compelled to put some of these debt issuances on hold amid a sharp rise in yields since late September, sources told Business Standard. A major private lender, Axis Bank, has not yet followed through with a planned issuance of infrastructure bonds worth around Rs 3,000 crore. This is because volatility in the bond market in late September led to investors seeking higher yields, sources said.
Maroon 5 threw just about everything at the Super Bowl halftime show: a gospel choir, a drumline, pyrotechnics, a giant letter "M" and even SpongeBob.
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