ECONOMY & NATION


The managing director and chief executive officer (MD&CEO) of Tamilnad Mercantile Bank sent in his resignation letter on 28th September citing personal reasons for the decision. He had joined the bank on 4 September 2022, just a year back. The bank was flying on a single engine with just one...

Read More



IANS 02 October 2023
The Pratap Co-Operative Bank Ltd, which has recorded net zero NPAs for over 10 consecutive years, has bagged this year’s Best Bank Award instituted by the BrihanMumbai Cooperative Banks’ Association, it was announced on Saturday.   The PCBL’s Founder-Director Mithailal Singh accepted...

Read More



IANS 02 October 2023
Edtech major Byju's, which has missed its deadline to file the FY22 financial results in September, said on Saturday that it will now release the financial statement for FY22 in October.   In a statement, the company said it will convene a board meeting in the second week of October...

Read More



IANS 30 September 2023
For non-payment of dues worth Rs570 crore, LIC Housing Finance Ltd has taken symbolic possession of a Churchgate property in Mumbai whose guarantor was Essel group chairman Subhash Chandra. In a newspaper advertisement published on Saturday, LIC Housing Finance said it had issued a...

Read More



There are broadly two views on the Indian economy. One is untrammelled boosterism, the dream of becoming a US$5trn (trillion) economy, delivered by an ostensible era of perpetual prosperity, supported by a set of rosy data. Another view is sceptical of such an inference, based on a different...

Read More



Unified payment interface (UPI) continues to expand in three dimensions – volume, geography and consequences.   August 2023 recorded over 10bn (billion) UPI transactions, totalling over Rs15 lakh crore.   UPI now works in 20 countries, the latest being Sri...

Read More



IANS 29 September 2023
The Supreme Court has come to the rescue of a 75-year-old man who was convicted after 40 years in a 1983 murder and rape case.   In its recent order, a bench comprising Justices Abhay S. Oka and Pankaj Mithal granted bail to the elderly man considering the 40-year delay in the trial...

Read More



IANS 28 September 2023
The securities appellate tribunal (SAT) on Wednesday reserved its order on Zee Entertainment promoter Punit Goenka's plea against Securities and Exchange Board of India's (SEBI's) interim order restraining him from holding any key managerial position in listed entities due to alleged fund...

Read More



IANS 28 September 2023
India's current account deficit (CAD) jumped 7-fold to US$9.2bn (billion) in the April-June quarter compared to the corresponding figure of US$1,3bn in the preceding quarter, according to Reserve Bank of India (RBI) data released on Thursday.   "The widening of CAD on a...

Read More



IANS 28 September 2023
The Central government for the first time will sell 50-year bonds to meet the demand for longer dated securities from the country's life insurance and pension fund segments.   This comes as a major development in the country’s financial sector as a fast-growing middle-class looks for...

Read More



IANS 28 September 2023
India Inc. is worried over the staggering growth in illicit trade and views it as a threat to the economy and security of the country that needs to be tackled on a war footing.   A report released by the Federation of Indian Chambers of Commerce and Industr (FICCI) on Thursday, based...

Read More



IANS 28 September 2023
Visionary scientist and father of the Green Revolution in India, Dr Mankombu Sambasivan Swaminathan passed away on Thursday morning.   The Padma Bhushan awardee, popularly known as MS Swaminathan, passed away at Chennai at the age of 98.   He is survived by his three...

Read More



IANS 28 September 2023
In a massive action, Income Tax Department teams on Wednesday carried out searches at premises of Chinese electronics giant Lenovo across India over allegations of tax evasion, sources said.   "Yes, the teams of the IT Department are carrying out searches at premises of Lenovo in...

Read More



IANS 28 September 2023
The Enforcement Directorate (ED) has arrested CPM leader P.R. Aravindakshan and former bank accountant C.K. Jilse under the provisions of the Prevention of Money Laundering Act (PMLA) in connection with the Karuvannur Service Co-Operative Society Bank scam worth Rs 150 crore, an official...

Read More



IANS 27 September 2023
Ranchi-based public sector company Heavy Engineering Corporation (HEC) Limited, once known as the mother of all industries in the country, is now gradually 'dying down'.   All three huge furnaces of its foundry forge plant (FFP) have cooled down and it will cost Rs4 crore to Rs5 crore...

Read More



IANS 27 September 2023
The largest workers’ union in the banking sector, the All India Bank Employees’ Association, has called for a series of strikes across the nation between 4th December and 20 January 2024 demanding staff recruitment.   “There is a deliberate attempt on the part of the Government and...

Read More



IANS 27 September 2023
Suzlon Energy has said that Dilip Shanghvi and Associates have terminated the agreement with the promoters of the company.   Dilip Shanghvi and Associates, referred to as the 'Investor Group', who had entered into an amended and restated shareholders’ agreement dated 28 February 2020...

Read More



IANS 26 September 2023
The Directorate General of GST Intelligence (DGGI) has reportedly issued around 12 pre-show cause notices to online real money gaming (RMG) firms, accusing them of evading approximately Rs 55,000 crore in Goods and Services Tax (GST).   The GST department has issued a notice exceeding...

Read More



IANS 26 September 2023
The income-tax (I-T) department has issued new regulations concerning the valuation of equity and compulsorily convertible preference shares issued by startups to both resident and non-resident investors.   These regulations, effective Monday (25th September), amend Rule 11UA of the...

Read More



IANS 26 September 2023
The debt recovery tribunal-I (DRT-I) here has put up a solar power plant belonging to a group entity of the absconder diamantaire Nirav D Modi to try and recover a tiny portion of the whopping dues of over Rs2,348-crore.   The solar power plant, with a capacity of 5.247MW, is situated...

Read More

Free Helpline
Legal Credit
Feedback