The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
Billionaire Mukesh Ambani's Reliance Industries has announced the contours of carving out of its oil-to-chemicals (O2C) business into an independent unit with a USD 25 billion loan from the parent, as it looks to unlock value by selling stakes to global investors like Saudi Aramco.
Other countries with a large number of cases including Brazil, Russia, Spain and the United States of America, all have more people heading to work.
The footprints of Indian-origin corporate executives at multinationals is expanding, with Sandeep Kataria taking over the reins of footwear major Bata as its global chief executive officer. From FMCG majors to IT titans, Kataria joins the league of Indian-origin executives who have climbed the highest echelons of corporate across diverse sectors globally. From Nooyi to Pichai to Nadella, the list of such people at the helm of multi-billion dollar enterprises is long.
Hollande said only Dassault can comment on whether India had put pressure on Reliance and Dassault to work together.
Scams happen with high regularity because the price of getting caught is insignificant. Aggrieved investors run from the police to already clogged courts to find redress for issues for which financial regulators have been specifically set up. For over 3,750 years we have known what to do, but we don't do it, observes Debashis Basu.
In addition to Pichai and Nadella, IBM's Arvind Krishna, Micron's Sanjay Mehrotra, Ajay Banga from Mastercard and Ann Mukherjee from Pernod are among the six Indian-Americans among over 200 corporate honchos who will advise the President and offer recommendations on how to revive the American economy.
The attack on an Indian Army patrol in January, in which one soldier was beheaded, was carried out by Special Services Group of Pakistan Army, Defence Minister A K Antony told the Rajya Sabha on Wednesday.
Tech Mahindra said the company believes in diversity and inclusion, and condemns "discrimination of any kind in the workplace".
Thirty militants and 23 soldiers have been killed during fighting between security forces and pro-Taliban rebels in the lawless Khyber tribal region of Pakistan. The fighting erupted after troops, including Special Services Group commandoes, launched a "decisive operation" against militants in Tirah Valley of Khyber Agency.
The BSF commanders initially thought that the jawan was killed by a sniper shot from across the border.
A large number of the civilian awards went to persons from the 'art' category.
Citigroup is expanding its relationship with Housing Development Finance Corporation beyond the stake it owns in the country's mortgage lender.
They either report a sales figure that shows clear signs of growth or future plans that indicate expansion in India.
With this launch, Airtel has now become the only private operator to have network footprints in all the districts of J&K.
Real Madrid and rivals Barcelona proved that passion for Spanish soccer remains undimmed despite the country's financial crisis, cementing their place as the highest revenue earners in the world's most popular sport, business services group Deloitte said on Thursday.
German retail giant Metro Cash & Carry and India's emerging retail venture Reliance Retail have roped in the property services group of ICICI Bank for identifying retail properties for its proposed pan India expansion.
French sources say Hollande was motivated to speak out after an Indian media report revealed that the Reliance Group had part-funded a film venture by his domestic partner, French actress Julie Gayet.
The threshold for identification of BOs of FPIs on controlling ownership interest is 25 per cent in case of companies and 15 per cent in case of partnership firms
Macron, who assumed the presidency in May 2017, emphasised that this is a government-to-government discussion and "this contract is part of a broader framework which is military and defence" coalition between India and France.
Lt Gen Haroon Aslam of the Pakistan Army on Thursday resigned a day after he was superseded by his two juniors who were made the new army chief and the chairman joint chief of staff committee.
Indian investigators doubt that the entire maritime wing of the Lashkar-e-Tayiba is handled by the elite Musa Company -- the special services group of the Pakistan Army, reports Vicky Nanjappa.
Bags long-term outsourcing deal from Allied Irish Banks
We invited employers looking out for summer interns to post openings in their companies. Here we post the latest batch of summer jobs that are up for grabs across the country.
General Bajwa gets inputs from his senior officers, but he has the final word, notes Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Alibaba is playing a big role in helping to train the senior management of the upcoming Paytm Payment Bank
Indians are still the most optimistic investors in Asia mainly because of its sustained domestic growth momentum, but going into 2011, they have somewhat lower expectations than they did in the previous quarters, says a survey.
Pakistan's Border Action Team set up the ambush and waited for long for the patrol team, while Pakistani troops attacked two forward posts with rockets and mortar bombs along the Line of Control in the Poonch district of Jammu and Kashmir.
A commando who deserted from the Pakistan Army has emerged as a suspect in the abduction of an American aid expert in Punjab's provincial capital, police officials said on Sunday.
The recent attacks against military installations in Pakistan, including the recent attack on the Mehran naval base, point to the role of some insiders. However, renowned Pakistani commentator Amir Mir says the jihadist elements with the military are sprinkled on among the lower-rung.
Pakistani intelligence agencies have taken into custody a former naval commando, who was court-martialled earlier, and two other persons for their alleged involvement in a terrorist attack on a naval airbase in Karachi that killed 10 security personnel.
Fifteen hours after brazenly storming into Pakistan navy's key Mehran airbase in the heart of the port city of Karachi, security forces were finally able to topple a group of heavily-armed Taliban militants after they destroyed two US-made surveillance aircraft and killing 13 security personnel.
NASDAQ-listed Rediff.com India Limited on Tuesday launched new service, group deals, named Rediff Deal Ho Jaye!
'It is time India thought big not only about its global clout politically and diplomatically, but also act its size against pin-pricking by anti national elements,' says Group Captain Murli Menon (retd).
The prime minister must clear his stand on the Rafale deal after Hollande's remarks, he said.
French government said French companies have the full freedom to select Indian firms for the deal.
Defence Ministry says the report is being verified, maintaining that neither Indian nor French government had any say in the decision.
Lashkar-e-Tayiba operative David Headley wants his five-year-old son to one day become a soldier in Pakistani army's elite Special Service Group, which is known for its anti-India operations. Headley, who was the star government witness in the Chicago trial of his childhood friend Tahawwur Rana in June, had been grooming his son.
Religare Enterprises, the financial services group promoted by Malvinder Singh and Shivinder Singh, was in advance talks with the Ajay Piramal group to buy a 60 per cent stake in the latter's private equity and fund management venture, Indiareit Fund Advisors, for Rs 175 crore, said an executive close to the development.
The Delhi police chargesheeted disgraced diplomat Madhuri Gupta on Tuesday accusing her of passing secret information to Pakistan's Inter State Intelligence during her posting in Islamabad.
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