ECONOMY & NATION


The Department of Telecommunications (DoT) is seeking legal opinion on the Vodafone-Idea Cellular merger in respect to Vodafone's administratively allocated spectrum holdings, according to industry sources.   As per merger and acquisition (M&A) guidelines, for such spectrum holdings...

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The BJP on Tuesday ended its alliance with the Peoples Democratic Party (PDP) and pulled out of the PDP-led Jammu and Kashmir government, saying it had become "untenable" to continue in the coalition.   "Three years ago BJP formed a government in Jammu and Kashmir with the PDP with...

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Moneylife Digital Team 19 June 2018
Handling social media, especially for corporates is a big responsibility and if the job is not done properly, then there could be eggs all over your face. HDFC Bank learned this hard lesson recently, when one of its executive inadvertently posted directions issued by seniors on...

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Private lending major ICICI Bank on Monday announced the appointment of Sandeep Bakhshi as Wholetime Director and Chief Operating Officer (COO) designate as its MD and CEO Chanda Kochhar decided "to go on leave till the completion of the inquiry" in relation to the allegations levelled...

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Moneylife Digital Team 19 June 2018
Jerry, the mouse from the  famous 'Tom & Jerry' series looks nice on screen as he goes about wreaking havoc, but is still loved by everyone. However, when it comes to real world, there are number of incidents where these Jerrys have caused unpardonable destruction of food grain, cloth,...

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Moneylife Digital Team 19 June 2018
Jerry, the mouse from the  famous 'Tom & Jerry' series looks nice on screen as he goes about wreaking havoc, but is still loved by everyone. However, when it comes to real world, there are number of incidents where these Jerrys have caused unpardonable destruction of food grain, cloth,...

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Rajnish Singh (IANS) 19 June 2018
Nirav Modi, the prime accused in a Rs 13,500 crore fraud at the Punjab National Bank (PNB), travelled multiple times to Britain, US, China, Cuba and France on a revoked Indian passport with additional booklets, despite his details shared on the "central database of Interpol internationally",...

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Rajnish Singh (IANS) 19 June 2018
Nirav Modi, the prime accused in a Rs 13,500 crore fraud at the Punjab National Bank (PNB), travelled multiple times to Britain, US, China, Cuba and France on a revoked Indian passport with additional booklets, despite his details shared on the "central database of Interpol internationally",...

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Tik Root (for ProPublica) 19 June 2018
As internet use took off at the turn of the millennium, the Office of Management and Budget asked the Internal Revenue Service (IRS) to create no-cost electronic tax-filing options for low- and moderate-income taxpayers. The tech-challenged agency turned to the online tax-preparation industry...

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Moneylife Digital Team 18 June 2018
The Reserve Bank of India (RBI) has issued draft guidelines on loan system for delivery of bank credit with an aim to instil more discipline among the corporate borrowers with a minimum level of loan component in working capital. This proposed new norms are positive for all players, says a...

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Moneylife Digital Team  and   IANS 18 June 2018
The email ID of Rajiv Singh, Joint Director of Central Bureau of Investigation (CBI), who heads the banking fraud division and was probing the Rs13,000 crore Nirav Modi fraud case, says a report.   According to report from News18, Singh's account was found to be used for sending bulk...

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Moneylife Digital Team  and   IANS 18 June 2018
The email ID of Rajiv Singh, Joint Director of Central Bureau of Investigation (CBI), who heads the banking fraud division and was probing the Rs13,000 crore Nirav Modi fraud case, says a report.   According to report from News18, Singh's account was found to be used for sending bulk...

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Raju Vernekar 18 June 2018
Aiming to regulate their activities, private coaching classes will be placed under the government scanner, with the “Maharashtra Private Coaching Regulation Act 2018”, being introduced in the forthcoming monsoon session of the state legislature. If the Bill is passed in the monsoon session,...

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Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations, a company spokesman said.   German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker's continuing emissions scandal, reports Efe...

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Audi AG CEO Rupert Stadler was arrested on Monday on fraud allegations, a company spokesman said.   German prosecutors named Stadler and one other Audi executive as suspects for fraud and false advertisement in the car maker's continuing emissions scandal, reports Efe...

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K S Jayaraman (IANS) 18 June 2018
Like Janus, the Greek god, the Indian monsoon has two faces, according to a report by researchers from Germany in the journal "Science".   The report says the monsoon convection not only transports pollutants upward all the way to the stratosphere (that starts at 18 km), from where...

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The Banks Board Bureau (BBB) has recommended 22 general managers to be promoted as Executive Directors at various state-run banks, according to an announcement by the BBB.   Tasked to improve the governance of public sector banks (PSBs), the BBB is an autonomous body that recommends...

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Moneylife Digital Team 15 June 2018
Fitch Ratings on Friday, while affirming its long-term issuer default rating (IDRs) on Axis Bank to 'bbb-' has revised outlook on the lender to 'negative' from 'stable'. "The Negative Outlook on Axis's IDR reflects rising pressure on its standalone profile relative to banks with a Viability...

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Arun Kumar Das (IANS) 15 June 2018
Heeding a PMO directive, Indian Railways has changed its earlier decision to provide escalators at a large number of stations. These will now only be provided at stations with minimum footfall of 100,000 passengers per day instead of 25,000 as previously envisaged.   With this, not...

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In a bid to keep an eye on the services offered in trains and at railway stations, the Indian Railways is mulling a proposal to use "undercover mystery men" to check for faults in the services offered by it, a senior official said on Thursday.   According to the Railway Ministry...

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