The controversy over allowing FDI in retail rocked Parliament for the third day on Tuesday with a united opposition forcing adjournment of both the Houses till noon. Shortly after the Lok Sabha met for the day, members rushed to the Well, demanding rollback of the decision to allow FDI in the retail sector. Members of Trinamool Congress, a key partner of the United Progressive Alliance, kept shouting 'Cancel FDI in retail'.
The proscribed organisations will be examined under heightened security checks at all layers of legal, administrative, investigative and financial regimes, the Dawn newspaper reported.
For development finance institution to succeed now, the government must stand like a rock behind it and be patient.
The Members suspended included K Ashok Kumar, R K Bharathi Mohan, M Chandrakasi, Jayakumar Jayavardhan, K Parasuraman, Dr K Kamraj, P Kumar, M Vasanti, C Mahendram, K Margatham and P Nagarajan.
The 'thanksgiving and feedback' programme will also gauze public mood by asking them about the problems they face.
E-commerce companies have understood the importance of having their own in-house wallet, explaining their acquisition spree, says Manoranjan Mohapatra.
Amid indications of a stormy Winter session of Parliament, an all-party meeting has been convened by Lok Sabha Speaker Meira Kumar on Thursday to ensure that the sittings were held smoothly.
Sweeping reforms mooted; feedback open till Aug 27.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Across Yes Bank branches, the busiest people were the relationship managers, trying to soothe nerves. Many were seen advising clients the situation was only temporary and that their money was safe.
Rajya Sabha MP and Lalu Prasad Yadav's daughter, along with her husband Shailesh Kumar, are alleged to have entered into benami deals for purchase of a farm house in Delhi.
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
Goswami was arrested on Wednesday morning by Raigad police from his residence at Lower Parel in Mumbai for allegedly abetting the suicide of architect and interior designer Anvay Naik, and was taken to the Alibaug police station in neighbouring Raigad district.
For FY21, CSB is looking at growth of around 25 per cent and is confident of doubling it in two years. And it is also exploring options to acquire a mid-size bank with a good client base and branches in the north to acquire an all-India presence.
He said the 'toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society' is stifling economic activity and growth.
The government is planning to liberalise the terms and conditions for the sale of the national carrier. The Centre is still pursuing the option of selling the airline's subsidiaries before the airline itself, in order to deal with an outstanding debt of around Rs 27,000 crore.
Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
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Birmingham-based Gurpreet Singh Chadda, who was doing business of sale and rent-back of homes through Red2Black Homes and B&L Homes, has also been banned from working in the British financial services industry, besides a fine of 945,277 pounds (nearly Rs nine crore), the FCA said.
At $12-bn valuation, this will be India's largest FDI; deal to be announced on Saturday, says Dev Chatterjee.
A combative External Affairs Minister Sushma Swaraj on Tuesday said she was ready for a debate in Parliament over Congress allegations about her links with controversial former Indian Premier League chief Lalit Modi.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
The rupee hovered in a range of 63.75 and 63.84.
Out of 11 companies that got listed in 2019, nine have outrun the market by gaining more than 10 per cent against their respective issue price.
In a significant ruling, District Consumer Complaints Redressal Forum has held HDFC bank responsible for unauthorised fund transfer in an internet banking transaction.
Most investment costs are bundled in with the financial product, and are often hidden in fine print, warns Erik Hon.
While the BSE's asking valuation is reasonable, compared to peers, there are some factors that long-term investors need to consider before investing.
India should not be left behind. It should join the seven central banks which are studying feasibility and safeguards necessary to eliminate risks, particularly from hacking, advises former foreign secretary Shyam Saran.
It cannot be that only in this case the CBI has developed a spine, refusing to heed the advice of its political masters.' 'There is something that does not meet the eye here,' notes Virendra Kapoor.
The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India.
Devendra Mukhia, an alleged aide of former Jharkhand Chief Minister Madhu Koda, on Monday surrendered before the Income Tax Department in Ranchi, which wants to probe his involvement in the alleged hawala and illegal investments case. Mukhia is among the four persons who had failed to meet the November 6 deadline, set by the IT department, to appear before it for questioning in connection with Rs 2000 crore hawala transactions and illegal investments case.
'What is unusual about the current period of slow growth is that it has come without an external driver -- high oil prices and/or successive monsoon failures -- as was the case with all previous periods of slowdown, going back 50 years, notes T N Ninan.
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.
Reddy, who appeared at the Central Crime Branch office in Bengaluru on Saturday, was arrested after the questioning ended on Sunday morning
Wanted diamond merchant Nirav Modi on Thursday lost his fight against being extradited to India as a United Kingdom judge ruled that he can be sent back to face charges of fraud and money laundering in the estimated $2 billion Punjab National Bank scam case.
Soccer highlights from across the globe.
Both Houses have been witnessing a ruckus over the Rafale fighter jet deal and Cauvery river issue, among other matters.
Airtel DTH has high hopes from a market that offers scope for exponential growth but is already packed tight like a can of sardines. Can the telecom major pull it off?
The five key components, which are indispensable for any smartphone, cost more than Rs 2,000 even for a budget 3G-enabled 3.5-inch handset.
This is part of a strategy to mop up as much revenue as possible in the current financial year.
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