Reserve Bank of India (RBI) has asked banks to do so as part of its efforts to tighten internal controls in banks following the Rs 11,400 crore fraud that was unearthed at Punjab National Bank last week
Prices will be reduced by 10 per cent on products across categories such as Adventure, Sport, Touring, Heritage and Roadster with immediate effect, it said in a release.
The Indian telecom market, the second-largest in the world after China in terms of subscriber base, had 1.19 billion users, both wireline and wireless, at the end of December 2017.
The RBI today launched 'Ombudsman Scheme' for non-banking financial companies (NBFC) for redressal of complaints against them. "The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the Scheme," the central bank said.
The observation by a bench comprising Justices A K Sikri and Ashok Bhushan came in the wake of delays taking place at different stages -- from forwarding of names by the respective High Court Chief Justices, waiting for inputs from the executive, clearance from the apex court collegium and the final nod from the executive.
Record sales of some 10.74 million vehicles worldwide helped the group based in Wolfsburg, Germany to boost revenues 6.2 per cent year-on-year, to 230.7 billion euros.
In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, Sebi virtually censured the top private sector lender
The collegium in a resolution said it had received certain complaints against some of the recommendees in the high courts of Bombay, Gujarat and Rajasthan, but did not see any merit in them.
Two promoters of drug firm Jubilant Life Sciences today sold 3 per cent stake in the company for over Rs 455 crore, through open market transactions.
In future, Regional Transport Offices (RTOs) will have to issue driving licenses within a stipulated time after a person passes a computerised driving test, Union transport minister Nitin Gadkari said.
A bench comprising Justices Madan B Lokur and Deepak Gupta referred to the situation of rivers like Ganga and Yamuna and said if illegal sand mining was not stopped, it might lead to drying up of the rivers.
Trade between India and Canada is expected to double to USD 10 billion in the next three years, PHD Chamber of Commerce and Industry said today.
GSTN, the company developing the technology backbone for the new indirect regime, has developed the utility which will help buyers to check the tax payment status of their suppliers and make claiming input tax credit (ITC) easier.
The fraud at Punjab National Bank (PNB) has raised concerns over the economic state of affairs at public sector banks triggering demands of privatization of public sector banks (PSBs). FICCI president Rashesh Shah urged the Finance Minister Arun Jaitley to begin the process of bank privatisation in a phased manner.
President Donald Trump was set to announce the action at the Conservative Political Action Conference, followed by a public announcement from the Treasury Department.
The division bench comprising justices K K Sasidharan and P Velmurugan stated this while dismissing an appeal by IOB against the order of a single judge which had asked the bank to consider an education loan application of a girl belonging to a backward community in Tamil Nadu.
"We have entered into an agreement, covering the project report as well as construction, with the Vizhinjam International Seaport Limited (VISL), a Kerala government undertaking, to build a 12 kilometre line connecting the port with the national network at Balarampuram, south of state capital Thiruvananthapuram," KR officials said.
In an interview with CNBC-TV18’s Ekta Batra, Eswara Reddy, Drugs Controller General, India, KT Rama Rao, Commerce Minister of Telangana, Kiran Mazumdar Shaw, CMD of Biocon, GV Prasad, CEO of Dr Reddy's, Jawed Zia, Country President – India at Novartis and Philip Larsen, Global Head-Diabetes at Sanofi discussed about the regulatory woes, drug companies’ growth prescription, outlook on the US market, drug discovery drive, importance of pricing freedom and many more topics concerning pharmaceutical industry.
The jewellery association today said the total USD 6.3-billion cut and polished diamonds imports included actual imports and return consignments, both terms officially used by the customs department.
Its spokesperson and national media head Anil Baluni said that results in the recent municipal elections, and today's outcome of 'taluka' and 'panchayat' polls have consigned the Congress to "oblivion".
Congress spokesperson Shaktisinh Gohil alleged that Nirav Modi and Choksi have not only siphoned off crores of rupees from India's banks, but have also duped India's middle class and common people of Rs 5,000 crore or more, by floating various schemes.
The company will seek approval of shareholders at its extra ordinary general meeting to be held on March 19, 2018, Religare Enterprises said in a regulatory filing.
This blog will give you the latest news and updates on the Rs 11,400-crore PNB fraud case.
Lakshmi Mittal, the chairman and CEO of the world's largest steel company Arcelor-Mittal feels that his company is a fitting buyer for Essar Steel as they can create value in the bankrupt company with their might and experience.
"An investment of CAD 100 million dollars (about Rs 510 crore) is planned over next 5 years to establish a new 'Center of Excellence' (COE) in Canada," a Tech Mahindra statement said.