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The bank wanted to run a background check on some Indian promoters.
'I can snap my fingers and get 1,000 people overnight, but I can't guarantee that they will develop because there has been zero change in education in the country in the last nine years.'
He is the first Indian-origin person to head a 'Big-Four' audit co.
Estimates suggest about $100 million has been poured into these companies and a lot more is still to come.
The incoming government will have to encourage private investments, bring down cost of capital
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
The government has to cover a lot of ground if it wants to achieve the target of generating 10 million new jobs in the sector over the next three years, says Shyamal Majumdar.
The Indian Super League will be expanded to 10 teams this season with the organisers on Monday announcing two more franchises after a bidding process, with Bengaluru FC set to ply in the three-year-old ISL by leaving I-League.
India has been able to attract 40 global smartphone makers to the country -- creating at least 50,000 jobs. But GST could hurt that, discovers Ayan Pramanik.
Cognizant's consulting practice today has 5,500 consultants, perhaps one of the highest numbers when compared to Indian IT players.
Govt steps up security to check criminals seeking bank details of taxpayers
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
The RBI on April 6 directed all payments service providers to make sure "that the entire data relating to payment systems operated by them are stored in a system only in India."
India studied the Malaysian model, which was scrapped on Wednesday, before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry
While passing the scrutiny of courts is a tough challenge, with eight proposed amendments to the insolvency law, the government has sought to turn the focus back on at least some of the functions of the bankruptcy law.
The window for registration is open up to September 30
RJio will further add bottomline pressures on the already struggling telcos that will ultimately be forced to consolidate
JSW Steel is learnt to have submitted its resolution plan along with AION Capital
The GST will also be applicable on the non-compete amount given by an employer to an outgoing employee, report Indivjal Dhasmana and Sudipto Dey.
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
Penalties for undisclosed foreign income and assets extend up to 300%.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
With Indian infrastructure companies burdened with debt, global PE funds and developers sense an opportunity to buy the airports cheap
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Businesses coming to terms with Ind-AS (Indian Accounting Standards) implementation, GST can do without further uncertainty and costs, say N Sundaresha Subramanian & Sudipto Dey.
Before participating in such a scheme, do a detailed background check of the company's credentials, especially if the promised returns are unrealistic.
Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.
Assembly elections coming up in November and December could offer a window of opportunity to the government to make GST attractive through rate cuts.
If you were deputed abroad, filing income tax can be tricky.
Retrospective claims may not stand the test in international courts.
PM's announcement were focused on those most affected by the note ban.
As corporate India prepares to put its house in order, the transition raises concerns
The aviation sector requires proper implementation of policies, coupled with reasonable taxes and improved basic infrastructure.
India on Sunday set two new Guinness World Records for Yoga with 35,985 participants performing asanas at one venue and as many as 84 nationalities joining in the official observation of International Yoga Day on Rajpath in New Delhi.
There will be a review of employee compensation arrangement in the light of the new rules.