The country's largest lender State Bank of India has seen a perceptible increase in the number transactions happening at its multiple digital channels, with the percentage moving from 60 per cent in the pre-pandemic period to 67 per cent currently, chairman Dinesh Khara said. The rise in the number of digital transactions at the bank was largely driven by pick up in e-commerce during the pandemic-induced lockdown, which restricted movement, he said.
Asked if the government would provide aid to the beleagured IT major Satyam, he said, "I think its a decision that is being taken internally." The government had, on Thursday, ruled out a swift bailout for Satyam.
The Financial Intelligence Unit (FIU), the federal economic snoop agency under the Union finance ministry, sent 289 legal requests to its counterparts across the globe during 2018-19 as compared to 177 in 2017-18 and 138 in 2016-17.
The US president had in past expressed dismay with the $2.3 trillion package that Congress passed Monday, which includes $900 billion in coronavirus relief and $1.4 trillion to fund the government until October, conflating the two bills and saying the spending goals were misguided.
PNB has rich experience in the integration of commercial banks.
Ultimately, whether the UP ordinance is struck down by the courts or not, it will be the courage of young Hindu and Muslim women and men that will act as a foil to the UP police-cum-mobs who will be out to get them.
n February 2009, the CBI took over the investigation.
But it does not mention its views on the government demand to ban these two auditors for five years from business.
RBI has underlined the need for effective risk control mechanism in banks to avoid scams and banking frauds.
The judge confirmed that the bulk of the evidence submitted by the Indian authorities will be admissible
The proposals aims to impose new restrictions to prevent abuse and misuse of H-1B visas, besides ending the provision of granting extension for those who already have a green card.
'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.
Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences
All the 10 accused in the case, including prime accused Satyam Computers founder and former chairman B Ramalinga Raju and his brother and Satyam's former MD B Rama Raju, appeared in the court, as per its direction.
It is understood that Vijay Mallya left the country for UK on March 2 using a diplomatic passport issued to him by virtue of him being a sitting Rajya Sabha Member of Parliament.
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
The brand new bankruptcy process is being brazenly gamed by those with connections and money. The touts and fixers of the previous regime have been replaced by a new set close to this one, observes Debashis Basu.
Illustrious international thinkers met at the Milken Institute Global Conference 2021 and many discussions addressed the impact of the COVID-19 pandemic on the world at large.
The Dominica high court on Wednesday ordered that diamantaire Mehul Choksi be produced before a magistrate there to answer charges of his illegal entry into the Caribbean island country, local media reported. Dominica high court Judge Bernie Stephenson issued the orders after nearly three hours of hearing on a habeas corpus petition filed on behalf of Choksi who had claimed that he was abducted from neighbouring Antigua and Barbuda and forcefully brought to the Caribbean Island nation. She adjourned the habeas corpus matter till Thursday, Dominica News Online reported.
The UK Crown Prosecution Service said Mallya's appeal to certify a point of law was rejected on all three counts, of hearing oral submissions, grant a certificate on the questions as drafted, and grant permission to appeal to the Supreme Court.
Surjewala alleged that Mehta and his family were allowed to leave India even when there were complaints pending against him with the CBI.
The State Department has proposed not to issue temporary business visas for H-1B speciality occupations which allowed several companies to send their technology professionals for a short stay to complete jobs on site in the US, a move which could affect hundreds of Indians. The proposal, if finalised, will eliminate any misconception that the "B-1 in lieu of H policy" provides an alternative avenue for foreign professionals to enter the US to perform skilled labour that allows, and potentially even encourages them and their employers to circumvent the restrictions and requirements relating to the H non-immigrant classification established by Congress to protect the US workers, the State Department said.
Taking a tough stand on the failure by mobile operators to verify subscriber documents, the government on Monday issued them directives to carry out special authenticity checks for bulk connections.
Many movie folk hope the star is released without spending time in prison. And it is not entirely because of the money riding on his movies.
ED has approached the MEA seeking initiation of deportation.
The treaty can be invoked in a criminal probe case seeking the transfer of persons, including persons in custody, for the purpose of assisting in investigations or giving evidence
The ED has claimed that Nirav Modi had refused to join the probe despite acknowledging mails and summons issued to him and that he doesn't want to return to India.
Board of Control for Cricket in India secretary Anurag Thakur, who is also a Lok Sabha MP, has introduced three private member bills including a significant 'National Sports Ethics Commission' bill which recommends '10 years of jail term' for any sportsperson indulging in match-fixing.
The ED has pressed charges under various sections of the Prevention of Money Laundering Act against Mallya and others named in the CBI complaint
'To those who wreaked havoc in our Capitol today, You did not win. Violence never wins. Freedom wins. And this is still the people's house.'
Amid slowdown blues, the government has unveiled a raft of measures over the past few months aimed at improving liquidity in the system, moderating interest rates as well as credit growth apart from addressing stress in the NBFC sector.
The summons was issued to Mallya under provisions of the Prevention of Money Laundering Act in connection with the IDBI case.
CBI sources said the shell companies were allegedly being used by the suspects to divert loan funds meant for specified purposes, creating fake invoices, and 'round-tripping' of funds to evade taxes and generate black money.
The United States o Friday said senior Indian diplomat Devyani Khobragade, who returned to New Delhi, no longer enjoys immunity and she and Indian government were told that an arrest warrant might be issued against her.
Liquor baron Vijay Mallya's passport has been suspended.
A growing number of US companies are looking to India's outsourcing firms to cut the cost and time needed to comply with a US corporate governance law that calls for timely and accurate reporting of financial accounts.
Expelled Indian diplomat Devyani Khobragade, in effect, has been barred entry into the United States.
The Justice RM Lodha Committee on Monday submitted its report suggesting reforms in the Board of Control for Cricket in India (BCCI) to the Supreme Court. The committee, which was last year appointed by the apex court to make recommendations to the BCCI in order to prevent frauds and conflict of interest in cricket administration, recommended sweeping reforms for the controversy-ridden board.
The Supreme Court refused to entertain a plea seeking stay on the Board of Control for Cricket in India elections scheduled to take place on May 22.
Con men use Pakistani cell phone numbers to make calls to people in India.
