MUMBAI: Deepak Kochhar, husband of the former CEO of ICICI Bank Chanda kochhar, has been referred to Execution direction (ED) custody until September 19. Arrested on Monday, he was presented before the special court of the Prevention of Money Laundering Act (PMLA) for his pretrial detention hearing at noon. The …
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Photo illustration of PUBG app with banned text on an iPad device in Guwahati, India on September 2, 2020. India has banned more than 100 additional apps linked to China, including the popular mobile game PUBG, citing cybersecurity concerns such as Geopolitical tensions between India and China rise. David Talukdar …
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NEW DELHI: Companies in sectors such as retail and wholesale, textile and engineering, which were repaying loans before the Covid crisis, can expect easier repayment terms while NBFCs, energy, steel and real estate business who were struggling even before the crisis may have to face the pain of recovery action. …
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PTI photo NEW DELHI / MUMBAI: The Directorate of Enforcement arrested Deepak Kochhar, husband of the former CEO of ICICI Bank on Monday Chanda kochhar, in an important event that is seen as a prelude to a possible drastic action also against the once famous head of ICICI Bank and …
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NEW DELHI: The Reserve Bank of India (RBI) released on Monday a report from the KV Kamath Committee that was formed to make recommendations on the financial parameters required to be considered in resolution plans under the ‘Resolution Framework for the Covid-related stress’. In an official statement, the RBI said …
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MUMBAI: The RBIRules on corporate loans restructuring they are likely to exclude a large number of companies bankers expect advances worth just Rs 2-3 lakh crore will qualify for recast. A five-member committee headed by KV Kamath, set up by the RBI to examine the parameters within which restructuring may …
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NEW DELHI: Vodafone idea Ltd said on Monday that it plans to change its name as the indebted telecom operator, which has been losing customers, seeks to change its image three years after announcing the largest merger in the Indian telecom market. The losing carrier on Friday approved fundraising of …
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NEW DELHI: One week after India reported a significant contraction in its GDP during the April-June quarter of fiscal year 2020-21, former Reserve Bank Governor and prominent economist Raghuram rajan He has said that negative GDP growth figures should alarm everyone. Emphasizing the importance of government help or support in …
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Written by Aanchal Magazine, P Vaidyanathan Iyer | New Delhi | September 7, 2020 4:35:13 am While a contraction in GDP was expected from April to June, there are clear signs that the second quarter will also contract, and July and August show no promise of a major recovery. (Proceedings) …
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Representative image NEW DELHI: Clearing up the confusion over ticket reimbursement for flights during the lockout period, the guidelines proposed by the Center oblige airlines and travel agents to immediately reimburse passengers if they had booked tickets between March 25 and April 14 for travel from March 25 to May …
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