As president-elect Trump looks to overturn some aspects of the eight-year legacy of President Obama, the outgoing US president has sought to resolve one of its last remainingbank mortgage crisis. Two giants, Deutsche Bank and Credit Suisse, have agreed to multi-billion dollarsettlements with the US Department of Justice, often abbreviated as the DoJ, over a decade-old toxic bond misselling scandal. …

In a glancing blow to the common man of the country, especially the elderly and the retired who survive on interest garnered on bank deposits and small savings schemes, the Public Provident Fund, the Kisan Vikas Patra, the Sukanya Samriddhi Account and the Senior Citizens Savings Scheme are set to earn less as the government is mulling an interest rate …

Standard Chartered Private Equity, SCPE in short, has released $17 million as the first tranche of an estimated $50 million investment in IFMR Capital, the Non-Banking Financial Corporation (NBFC) which offers structured finance products such as term loans and cash credits, besides commercial borrowing services and collateralized pooled bond programmes. With existing investor Leapfrog partially selling its stake in the company, …

After much hue and cry from the public regarding the ban on 500 and 1000 rupee notes by the Central government last night, today at the closing of Sensex, share prices of DLF, HDIL, IndiaBulls, Oberoi Realty, Prestige, etc. witnessed a slope down by its respective percentages. Real estate section hit the worst as 500 and 1000 rupee notes got …

Did you change the Rs 500 and Rs 1000 notes in your wallet? It’s time to go cashless for everything. We are used to with getting items from ecommerce companies on COD (cash on delivery) mode. But this time, we are in big trouble because all the old notes of 500 and 1000 have been cancelled from transactions by order …

In an attempt to outdo global giant Amazon in a burgeoning Indian market, India’s top e-commerce player Flipkart plans to move into the online groceries business, as well as make a renewed push in the online furniture business. These twin moves are being seen as efforts to expand Flipkart’s product portfolio. Binny Bansal, Flipkart’s CEO told Reuters in an interview …

In one of the recent events telecom aggregator, Nokia has signed a deal worth 230 million USD for 4G network with Bharti Airtel in almost 9 circle where it provides services in various cities. The two magnets coming together all over again will add on to its long history of mergers and amalgamations. After the deal, Nokia becomes the largest …

The Union Cabinet, on Wednesday, proposed an enlarged plan on providing annual surveys on labour force, workforce and unemployment rate standards in India which would help give an estimation regarding the developing and under-developed stages. As per the National Sample Survey (NSS), the motive is to plan and conduct a survey in a regular basis which will help in bringing …

Ever since the ouster of Cyrus Mistry as the chairman of Tata Sons on October 24, in what has been described as a boardroom coup, speculation has been rife as to who will take over the reins once Ratan Tata‘s four-month tenure is over. The 78-year old Tata scion has been serving as interim chairman and a search committee of …

In one of the recent events telecom aggregator, Nokia has signed a deal worth 230 million USD for 4G network with Bharti Airtel in almost 9 circle where it provides services in various cities. The two magnets coming together all over again will add on to its long history of mergers and amalgamations. After the deal, Nokia becomes the largest …

One of the most alarming lay-off in the recent past at the top most hierarchy level, the then Chairman of Tata Sons Cyrus Mistry was removed from his post handing over the baton to Mr Ratan Tata all over again thus considering him as the interim Chief of the gigantic enterprise for few months. Now, the development comes as that …

Nowadays, we see more and more of Ramdev while surfing through Television channels and even the social media. Well, yoga guru Baba Ramdev’s brand Patanjali is on cloud nine. The brand now has already increased its on-air advertisement. Started as a yoga guru Ramdev first captivated the mass with his different ‘asana’ that proved to be life-saving and having the ability …

The Groupe Special Mobile Association (GSMA) elected MrSunil Mittal as Chairman which would be a tenure of 2 years starting from January 2017 to December 2018. The election was held in a Board of Delegation Meeting comprising 26 Members in the presence of Honourable Prime Minister Narendra Modi, here in New Delhi on Wednesday. The newly elected 26 members of …

In a recent event of bowing down, Tata Sons aggregator Ratan Tata (78 years old) resumed to his post thus taking the baton again as Cyrus Mistry, (48 years old) the emeritus of Tata Sons was asked to resign from his post. In Board of Directors meeting held in the headquarters held today, the committee decided to uphold the decision of choosing or …

The much speculated US-based retail giants Walmart Stores Inc., collaboration with Flipkart the e-commerce portal for a minority stake around $1 billion has been put on hold. With the latest news pouring in the audit which was conducted by Walmart may have fallen through due to some noticeable inconsistency in Flipkart’s financial report. Walmart Stores Inc previously tried the South American market with Bharti …

When it comes to the latest victim of stark controversy, we are aware of the liquor baron Vijay Mallya. According to the latest news, the Supreme Court has directed Vijay Mallya to fully disclose his foreign assets within a month. The well-known owner of Kingfisher Airlines was caught in a scandal when in the year 2009 after IDBI Bank provided …

In a recent event, e-commerce giant witnessed another high-level exit as Flipkart’s Chief Financial Officer (CFO) Sanjay Baweja resigns from his post. He is one of those higher officials who comes in the list of latest quitting. Earlier, the company sacked as many as 700 to 1000 employees as a part of the cost-cutting drive. Moreover, the recent resignation of …

The motor car manufacturing and aerospace, power systems & defence company Rolls-Royce has appointed Daily Mail‘s Stephen Daintith as the new Chief Financial Officer (CFO). Stephen has been the Finance Director for Daily mail ever since 28th March 2011. And now it is stated that Stephen will be replacing the current CFO of Rolls-Royce David Smith in the year 2017. …

Amid much spoken about Reliance Jio new features, extravagant tariff, connection, and so on, Vodafone has decided to move ahead on the same path as it is all set to provide 10GB data at the cost of 1GB data and that too in the upcoming models of Vodafone 4G inbuilt handsets. Smartphones which will support 4G connection only can take …

As the nation continue to struggle with keeping up the inflation battle and introducing varied policies in the banking sector, Urjit Patel signs as the new Governor of Reserve Bank of India on Monday i.e. 5th September. Despite being a holiday for Ganesh Chaturthi, the precedent of Raghuram Rajan took over the post on a very low note and minimal …

The Chairman of Tata Group Cyrus Mistry opinionated in a recent meeting held in the head office that the enterprise is currently faced challenges in various situations which ought to be confronted before time, along with pruning few business portfolios within and outside India, for appropriate growth. Although the decision making requires bold and hard confrontations which eventually help the …

In a recent event held in the financial capital,Market Regulator SEBI made a decision to amend REITs as well as InvITs regulations henceforth relaxing the norms in terms of making it look more attractive so that capital are raised in a uniform manner. Earlier, the regulator made several attempts to attract the due attention from various firms and enterprises scattered …

The last day of submitting the taxes for all the taxpayers have already approached, as September 30 is stated to be the deadline of Income Disclosure Scheme (IDS) 2016. However, despite high confidentiality levels strictly imposed by the Government, the Amnesty Scheme is getting leaked. And as per reports, the collection of taxes from the finance as well as real …

The ongoing strike continued for two days has hit the Coal India Ltd. Sensex in an adverse manner which saw its shares sloping down by 50%. The government of India proposed a halt over the nation-wide strike which started off 5 days ago imposing the trade Union to call it off as soon as possible. The affect have been in …

In a recent event, automobile aggregator Mahindra & Mahindra raised almost funds worth Rs. 475 crores through the help on Non-Convertible Debentures (NCD), here in the financial capital, Mumbai. The fundraising went ahead on a private placement basis. Although the home-grown utility and tractor, major did not disclose the details yet as in how the fund will be used and …