Search Results for: banking

arun jaitley, jaitley to meet bankers on 12 june, psu banks npas, bad loans, npa ordinance, gst implementation, it minister to meet head honchos

Govt seeks to directly fund Rs 1.35 lakh crore of bank recapitalisation; approval by year-end?

This will help the state run banks from building a pile of bad debt and make funds available to more productive sectors of the economy.

Nov 30, 2017

gst rates, gst rate finalisation, gst on cars, gst on food items, gst exempt on, gst on services, arun jaitley, gst council meeting at srinagar

Arun Jaitley says government broke nexus between banks and big defaulters

Public sector banks loan book swelled up from Rs 18.16 lakh crore in 2008 to Rs 52.15 lakh crore in 2014, Jaitley says.

Nov 29, 2017

Bitcoin creator Satoshi Nakamoto is none other than Elon Musk, says former SpaceX intern

Did Elon Musk create Bitcoin? A former SpaceX intern has provided multiple arguments to support this theory.

Nov 28, 2017

reliance communications, anil ambani, rcom debt default, rcom loan default, rcom downgrade, rcom share price, adag, indian telecom sector

China Development Bank files insolvency suit against debt-ridden Reliance Communication

Earlier, RCom's operational creditors Ericsson India and Manipal Tech have already filed bankruptcy petitions against the telecom company as dues were not cleared.

Nov 28, 2017

SBI to boost loan growth through renewables, roads sectors: Rajnish Kumar

Banks are also strengthening their risk assessment systems based on their past experience of failed projects they have financed.

Nov 26, 2017

reliance communications, anil ambani, anil ambani group, adag, telecom sector in india, job losses in india, hiring and firing in india, unemployment in india

Outplacement and redeployment firms have become the new normal; here's how they can help employees in distress

Layoffs have surged in India in recent times. Hence, the demand for outplacement and redeployment services has also shot up substantially. Here's how it helps you.

Nov 25, 2017

No cheque book ban to promote digital transactions: FinMin rubbishes reports

Several reports had suggested that Modi government may soon ban cheque book facility to boost digital transactions.

Nov 24, 2017

startup, indian startups, indian start-ups, startups in india, nasscom, indian it, it layoff, it hiring

Indian IT firms cut costs to tackle weak revenues

Top Indian IT companies reported muted growth of between 0.2 percent and 2.2 percent in constant currency terms for the September quarter.

Nov 24, 2017

No longer mystery: Malia Obama's 'kisser' follows Donald Trump and not Barack on Twitter

Malia Obama was recently recorded kissing a mystery man during a game between Harvard and Yale and then smoking a cigarette.

Nov 23, 2017

Cabinet approves ordinance for amendments of insolvency and bankruptcy code

Earlier the finance ministry notified banks to prevent willful defaulters from participating in bidding any stress assets called for insolvency proceedings.

Nov 22, 2017

Facial recognition on Samsung Galaxy S9 will get special software treatment to answer Face ID on iPhone X

Samsung can't ignore the fact that facial recognition is going to be next big thing in smartphones.

Nov 22, 2017

Arrest of Hong Kong ex-minister in New York casts corruption shadow over China's 'One Belt One Road'

CEFC China Energy has an important stake in Chinese President Xi Jinping's One Belt One Road initiative.

Nov 21, 2017

RBI sets March deadline for banks to provision against second list of bad loans

According to rules, banks need to do 50 percent provisioning against secured loans it has provided and 100 percent when it comes to unsecured exposures.

Nov 21, 2017

Samsung Galaxy S9 rumoured to feature 3D components for facial recognition, dual rear cameras

Samsung Galaxy S9 is expected to feature an improved facial recognition technology, but it may not be on par with the iPhone X.

Nov 20, 2017

Payments banks struggle to add more depositors after almost 1 year of operation

For payment banks, the central bank has capped the demand deposits at Rs 1 lakh in each account. Payment banks are not allowed to offer fixed deposits and provide loans to its customers.