Usually maintaining a good credit score is crucial for obtaining bank loans and those failing to maintain optimum score are likely to be turned down. It will now become even more crucial for individuals to maintain good credit score. Some banks, which have already linked Reserve Bank of India's external benchmark regime, look to utilize third party credit score to offer different interest rates on retail loans to potential
Mukesh Ambani richest Indian Adani claimed second position
Mukesh Ambani remained the richest Indian with astonishing net worth of $51.4 billion, while Adani climbed to second position with $15.7 billion, last time he stood at eight position.
Forbes has released this year’s richest Indian list, there has been a 8 percent drop in the wealth of the overall wealth creators of the country. Philanthropic works and helping in reducing the poverty has left many wealth creators slipping down in the
India likely to limit palm oil import from Malaysia over J&K remark
India is mulling on restricting some imports of products including palm oil, the reason of restrictions is Malaysian government remarks on J&K situation.
India may restrict or limit the import of palm oil from Malaysia, the reaction was after Malaysian government criticized the government’s decision on Jammu and Kashmir.
According to sources, the Indian government infuriated after Malaysian Prime minister Mahathir Moham
Oil companies to Air India: pay monthly or will cut fuel supply
All three major oil companies of the country has strictly warned the Carrier to pay the bills of fuel on monthly basis, or else the fuel supply will be cut-off.
The three major PSU's of oil in India has served the ultimatum to the national carrier Air India to clear all monthly dues by October 18 or else the supply would be cut-off across all major airports to the airplanes of the carrier.
In a letter to Air India the three
Niti CEO to decide on private rails, stations, not railway
Privatisation of railways has been a matter of debate, it was decided that Niti CEO recommended committee will look after all decisions, not the railway ministry.
A group of secretaries under the CEO of Niti Aayog will decide on the core developments of the railways, developing stations and bringing on the private players for running 150 trains. Thus ending the power of railway bureau ministry. The railway ministry has approved the c
RSS and BJP lock horns over regional trade grouping
RSS and BJP are differing on the issue of regional trade grouping, Mohan Bhagwat recently urged the centre not to yield too much in regional grouping.
In a rare development, RSS and BJP has widen its differences over RCEP (Regional comprehensive economic partnership), while BJP has been firm on the decision saying, India can’t be a closed economy as many sectors are keeping it moving. RCEP is initiated to group 10 ASEAN countries with Ind
Malvinder Singh former CEO of Ranbaxy arrested
EOW made big breakthrough in Fortis-Religare scam after arresting the key accused. Earlier a look out circular was issued for the accuse who reportedly was on the run.
Malvinder Singh former CEO of Ranbaxy was arrested by EOW (economic offenses wing) in Ludhiana. The Delhi police wing will bring him on transit warrant. The former CEO was on the run, due to which a look out circular was issued against him.
He was arrested soon after his brot
Reportedly the State Bank of India (SBI) on Wednesday announced lowering its marginal cost of funds based lending rate (MCLR) by 10 basis points across all tenors to 8.05 per cent from October 10. The MCLR cut will make home and other retail loans cheaper for the existing borrowers.
Johnson & Johnson fined 8 billion dollars for not informing consumer of some drugs that grows Male breast
Consumer products giant J&J has been fine 8 billion dollars for not informing the consumer about certain drugs used in products. The drug stimulates the growth of breast in males.
Philadelphia court has ordered to Johnson & Johnson to pay 8 billion dollars to a man, who previously won 6,80,000 dollars over psychopathic drug Risperdal which could grow breast among men. The jury verdict we
Reportedly former Managing Director of Punjab and Maharashtra Cooperative (PMC) Bank has been sent to police custody for 12 days till October 17 after he was produced in the Mumbai magistrate court on Saturday in connection with the bank fraud case. Joy Thomas, the former managing director of PMC Bank, was arrested by SIT (Special Investigation Team) of Mumbai Police's Economic Offences Wing
Ravi Prakash arrested now khaidi no. 4412
Former CEO of Tv9 group was arrested in connection to siphoning crores of money. He is currently lodged in Chanchalguda jail. Hearing of bail petition is on October 09.
Ravi Prakash former CEO of media group Tv9 was arrested. It is alleged that he siphoned off 18.31 crores belonging to Associated Broadcasting company limited (ABCL). He allegedly diverted the money in his own pocket from Alandha media, which holds major stake in ABCL, he diverted the
Reportedly the United States on Wednesday said it would slap 10 per cent tariffs on European made Airbus planes and 25 per cent duties on French wine, Scotch and Irish whiskeys, and cheese from across the continent as punishment for illegal EU aircraft subsidies.
The police apprehended a 39-year-old lab technician in connection with the murder of a scientist of the National Remote Sensing Centre, ISRO.
S. Suresh Kumar (52) was murdered in his Ameerpet flat on Monday night with injuries to the back of his head. The victim was staying alone; his wife Indira Suresh Kumar, a manager at a public sector bank, stays in Chennai along with their daughter while their son is in the US.
Reportedly Britain's aviation regulator said on Monday that refunds of bookings by Thomas Cook customers could take longer than expected as the regulator does not have all information needed from the collapsed travel firm.
Reportedly petrol and diesel prices continued the upward trend on Friday with petrol selling at Rs 80/litre and diesel at Rs 70.55/litre in Mumbai. The maximum surge was recorded in Maharashtra's Parbhani where the price of petrol was Rs 81.93/litre and diesel Rs 71.31/litre.
Reportedly the UN trade agency has projected India's growth rate for the current year to slowdown at 6 per cent from last year's 7.4 per cent, but the country will be the world's second fastest growing economy, lagging by just a tiny fraction behind China.
Onion prices continue to rise across metros in India with rates touching Rs 80 per kg in some places. The crunch in onion supply has sent prices soaring with many places seeing an increase of nearly Rs 30-40 per kg. Poor supply has pushed wholesale onion prices to a four-year high.
Reportedly US natural gas company Tellurian Inc. and Petronet LNG Limited (PLL) of India have signed an MoU, under which PLL and its affiliates intend to import up to five million tonnes per annum (5 mtpa) of liquefied natural gas (LNG) from America, the two companies announced on Saturday.
Reportedly the November 8, 2016 decision of the Narendra Modi government to demonetize banknotes of Rs 1,000 and Rs 500 was a reform that will reap long-term benefits for India, said senior Union minister Nitin Gadkari on Friday. He said some reforms may have short-term problems but in the long run they are beneficial.
“Areas near Pocharam, Adibhatla and towards Medchal till a few years did not find many buyers. But now they are seeing a huge demand. The cityscape changes in about five years,” he said. Hyderabad: Real estate developers in the city will look to focus on the eastern and northern side of the city. This will aid in spreading the development to all parts of the city and also aid in the Government’s efforts to decongest the city, said CH Ramchandra Reddy, the newly elected Credai Telagana President.
Finance Minister Nirmala Sitharaman is scheduled to hold a crucial meeting on Wednesday regarding the disinvestment of Air India. The national carrier reportedly incurred a net loss of around Rs 8,400 crore in the financial year 2018-19. The total revenue of the state-run carrier stood around Rs 26,400 crore during the year under review.
With an aim to unearth financial irregularities and other fraudulent transactions at listed companies, capital market regulator SEBI is planning to set up a new whistle-blower mechanism for auditors and other 'gatekeepers' to report such cases.
Reportedly west Bengal’s biggest festival Durga pooja seem to have taken a bad hit due to the economic slowdown in the country. Pooja organizers, a few hundred of them, are reeling under its impact as cash inflow by corporate advertisers shrink manifold due to economic slump.
Even as auto sales plunged to a multi-decade low in August, the government remains hesitant about the idea of GST rate cuts for the sector. Some states and the GST fitment committee are against the idea of GST rate cut as it would lead to a massive loss in tax collection.
According to finance minister Nirmala Sitharaman the drop in car sales is due to the rise in popularity of app based cabs. She said that people nowadays prefer to use these cabs instead of buying their own cars. According to her millennials do not want the commitment of buying a car and instead want to use these app based cabs to make things easier for themselves. After all buying a car is not just an investment but cars also need to be maintained and taken care of.
Reportedly officials said oil marketing companies have cited issues like sales tax as a barrier to the Civil Aviation Ministry's plan to rationalize additional charges that airlines have to pay while uplifting aviation turbine fuel (ATF) at airports across India. Currently, airlines have to pay taxes for certain services, such as 'throughput charges', 'into-plane charges' and 'fuel-infrastructure charges' when they take
Reportedly leading milk supplier Mother Dairy has increased price of cow milk by Rs 2 to Rs 44 a litre in Delhi-NCR, with effect from Friday. The retail price has been increased as the company is paying more to farmers for procuring raw milk. However, there will be no increase in rates of other variants of milk.
தங்கத்தின் விலை சில வாரங்களாக அதிகரித்த நிலையில் வருட இறுதிக்குள் தங்கம் சவரன் ஒன்றுக்கு ரூ.30 ஆயிரத்தை தொட்டுவிடும்.செப்டம்பர் மாதமே தங்க விலை சவரன்க்கு 30 ஆயிரத்தை தாண்டிவிட்டது. பொருளாதார நிலை, டாலருக்கு எதிரான ரூபாய் சரிவு, அமெரிக்கா- சீனா போர், பங்குச்சந்தை ஆகியவை காரணமாக தங்கத்தில் முதலீடு செய்யப்படுவதால் விலை உயர்ந்து வருகிறது.
Oil prices recovered some ground on Wednesday after touching their lowest in close to a month during the previous session on concerns that a weakening global economy could depress demand. Brent crude was up 12 cents, or 0.21 per cent, at $58.38/barrel by 0425 GMT, while US West Texas Intermediate futures gained 20 cents, or 0.37 per cent, at $54.14/barrel.
Reportedly Minister Nirmala Sitharaman on Sunday said that the GST Council will take the final call on reducing the tax rate on motor vehicles. When speaking to reporters here, she said that the government is addressing the issues of the automotive segment on the backdrop of the recent slowdown in sales.
Rajnish Kumar, Chairman, SBI said, "The RBI policy decision to change the policy stance to “ accommodative” will simultaneously help the financial system to navigate to a lower term structure of interest rates and also accommodate growth concerns. On the regulatory front, the decision to lower the Basel III Leverage Ratio will augment the lendable resources of the Banks. Also the move to scrap transaction charges for RTGS & NEFT will boost digital transactions. The decision to issue draft for
State Bank of India (SBI) has tightened lending terms dramatically for auto dealerships, according to a source and an internal memo seen by Reuters, seeking to reduce its exposure to risk from a sector in the midst of a sharp downturn.
Accordingly Beverage major Coca-Cola has entered India's niche but potentially high-volume non-alcoholic malt drinks market in a big way with its global brand Barbican. The company, which launched pilot project six months back, focuses on the youth. "We introduced Barbican, a non-alcoholic malt-based beverages, in select Indian markets," a senior company official told.
Breaching a psychological barrier, gold prices in Mumbai touched a new high of a little over Rs 40,000 per 10 gm, on Monday, industry players said. "This is indeed an unprecedented high, but lower by at least 20 per cent in US Dollar terms. Presently, it is $1,545 on the Comex, lower than $1,920 in September 2011," expert and former All Indian Gems & Jewellery Federation Chairman Bachhraj Bamalwa told.
AirAsia India on August 20 announced its plans to expand network by introducing daily flights between New Delhi and Chennai, Tamilnadu. The launch fare for the booking is Rs 3,499. While the sale for booking is scheduled to go live on August 20, 2019, the inaugural flight between the two destinations is set to take off on September 20, 2019.
Reportedly the Modi government, through the Central Board of Direct Taxes (CBDT), has decided to completely do away with manual correspondence with taxpayers. Paper-based communication is now barred by the CBDT. It comes amid the allegations from many quarters on harassment by the taxmen. The order will come into effect from October this year and apply to all kind of communications
Reportedly city based traders' body Monday demanded an extension of deadline for filing income tax and GST returns as internet and other communication channels are disrupted following the Centre's move to revoke provisions of Article 370. In a letter to Union Finance Minister Nirmala Sitharaman, the Chamber of Traders Federation (CTF) said its demand be considered as a special
Reportedly the Supreme Court on Friday heard petitions posing legal challenges to the Centre's decision to scrap provisions of Article 370 and subsequent measures putting restrictions on the working of media in the region. Meanwhile advocate ML Sharma has challenged the scrapping of special status and bifurcation of Jammu and Kashmir into two Union Territories, Kashmir Times Executive Editor
Reportedly employees of beleaguered Jet Airways gathered at Jantar Mantar, Delhi on Tuesday demanding clarity on the future of the airline and salaries. "Our people are facing so many problems. Many have defaulted on loans. There are no medical benefits for us. Employees are having a hard time managing their families," said Ashish Mohanty, head of the engineering association.