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BusinessToday.In
New Delhi, June 29, 2018
The proposal, still at a nascent stage, envisages borrowers filling in relevant details online, based on which they will subsequently receive competitive offers from interested lenders.


BusinessToday.In
New Delhi, June 28, 2018
Malvinder and his brother Shivinder Singh had resigned as directors from FHL's board in February this year, following the Delhi High Court order upholding the Rs 3,500 crore arbitral award in favour of Daiichi Sankyo.


Anand Adhikari
New Delhi, June 25, 2018
Even as a former Supreme Court judge examines allegations of impropriety, the bank has to return to normal functioning.


PTI
June 12, 2018



BusinessToday.In
June 4, 2018
Rajeev Misra is currently at the helm of SoftBank Investment Advisers as CEO, leading its $100 billion SoftBank Vision Fund.


PTI
May 29, 2018



BusinessToday.In
New Delhi, May 24, 2018
The company has been battling with shrinking revenues from its investment banking division, which generates over 50 per cent of Deutsche Bank's total revenue. Other areas of concern for the German bank are increasing costs and stiff competition from the Wall Street companies.


BusinessToday.In
New Delhi, May 22, 2018
Top executives at fraud-hit PNB misled RBI: CBISenior executives at Punjab National Bank misled the Reserve Bank of India (RBI) in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the Central Bureau of Investigation (CBI) alleged in a charge sheet filed in court. Former PNB Chief Executive Usha Ananthasubramanian; two of the bank's executive directors - K.V. Brahmaji Rao and Sanjiv Sharan - and a general manager did not take \"any meaningful corrective measures\" on the RBI notices, the CBI said in the charge sheet, filed last week in the City Civil and Session Court, Mumbai. Retailers to move CCI against Walmart-Flipkart  Retailers have joined hands to approach fair trade regulator CCI against USD 16 billion Walmart-Flipkart deal as they apprehend that the it would lead to massive job loss and be a \"nightmare for retail trade\" of the country. Traders body CAIT in a strongly worded statement alleged ruling party BJP of bias towards multinational companies and deviating from its commitment made in 2014 election manifesto. The Confederation of All India Traders (CAIT) said that it will move fair trade regulator CCI to file objections on the proposed Walmart-Flipkart deal, claiming that the agreement would lead to an uneven playing field and massive job losses.Amazon India valued at $16 billion with 30% e-commerce market share: reportThe popular perception is that Flipkart has ruled the roost in India, at least in recent times. The much-talked about mega deal with Walmart presumably gave it an even bigger advantage over Amazon. But a recent Citi Research report reportedly pegged Amazon India's market share at 30 per cent - the same as the Bangalore-based company - and valued it at $16 billion. Of course, the recent Walmart acquisition of Flipkart valued the latter much higher at $20-22 billion. Amazon India's current GMV is estimated to be around $5 billion, while Flipkart and its subsidiary Myntra recorded GMV of $7.5 billion in the last fiscal. But Jeff Bezos' India arm fully intends to aggressively play catch up.India to achieve 9 pc growth rate by 2022  NITI Aayog vice-chairman Rajiv Kumar today exuded confidence that Indian economy will achieve 9 per cent growth rate on sustained basis by 2022 on the back of reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC). Indian economy grew by 6.6 per cent in 2017-18 and expected to grow at 7.5 per cent this fiscal. In a facebook live organised by NITI Aayog Kumar said, \"Given that we have done GST, demonetisation, IBC, recapitalisation of bank, we will grow at 9 per cent growth by 2022. We will also able to sustain it at that level.\" He pointed out that Indian economy averaged 8.3 per cent from 2003-11.India sixth wealthiest country with total wealth of $8,230 billionIndia is the sixth wealthiest country in the world with a total wealth of $8,230 billion, while the U.S. is the richest nation globally, according to  the AfrAsia Bank Global Wealth Migration Review. the US is the wealthiest country in the world with a total wealth of $62,584 billion, followed by China ($24,803 billion) in the second place and Japan ($19,522 billion) in third. Total wealth refers to the private wealth held by all the individuals living in each country. It includes all their assets (property, cash, equities, business interests) minus any liabilities. In the coming decade, China is expected to witness a significant rise in total wealth. Over the next 10 years,  India will overtake Germany and the UK to become the 4th largest wealth market worldwide by 2027.


Reuters
May 22, 2018
Senior executives at Punjab National Bank misled the RBI in late 2016 over the lender's handling of the financial messaging system and credit guarantees that were at the centre of a more than $2 billion fraud, the CBIalleged in a charge sheet filed in court.


PTI
May 20, 2018



PTI
May 14, 2018



BusinessToday.In
New Delhi, May 7, 2018
Sikka, whose venture is in early stages, said people need to be educated about AI as not many people in the world right now are well-versed with the technology. Sikka said fewer than 250,000 people in the world know about machine learning so far, and that its deeper understanding would lead to broader applications.


BusinessToday.In
New Delhi, April 23, 2018
Though the Supreme Court is still hearing a clutch of petitions challenging the constitutional validity of the Aadhaar Act, the Reserve Bank of India updated its master circular on know-your-customer (KYC) norms on Friday making Aadhaar and PAN cards mandatory for bank accounts, new as well as existing ones.


Reuters
April 18, 2018
Starbucks Corp will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees can undergo racial tolerance training in response to protests and calls for boycotts after the arrest of two black men waiting in a Philadelphia store.


PTI
April 12, 2018



Sumant Banerji
New Delhi, April 11, 2018
At its peak in 2011-12, its sales touched 74,527 units. It has been a downward slide ever since despite repeated attempts at propping it up including giving it a full facelift with the GenX Nano replete with an automatic transmission in 2015.


Anand Adhikari
June 18, 2018
ICICI was often given the tag of 'CEO factory' for the fast growing financial services industry.


Reuters
April 10, 2018
Facebook Chief Executive Mark Zuckerberg's No. 1 missionduring his appearance before U.S. lawmakers on Tuesday and Wednesday will be todefend against calls to regulate internet-based companies.


Anand Adhikari
New Delhi, April 9, 2018
Days after the Reserve Bank of India (RBI) asked the board of the Axis Bank to reconsider their decision to extend the tenure of Shikha Sharma, MD and CEO of the private bank, Sharma, an ex ICICI banker, seems to have looked for an honourable exit.


PTI
April 5, 2018



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