By Administrator_India Capital Sands Firms controlled by Gautam Adani fell for a second day Tuesday, after the minister of state for finance told Parliament that some of them are being probed by the markets regulator over compliance with securities rules. Besides Sebi, Directorate of Revenue Intelligence is also “investigating certain entities” belonging to the Adani Group for compliance to another set […]
By Administrator_India Capital Sands The employees of Aircraft Maintenance Engineers/Service Engineers of AI Engineering Services Limited (AIESL), a wholly-owned subsidiary of Air India limited, have launched a nationwide protest over the salary cut of engineers, news wire ANI reported. According to the report, the recent salary cut is exclusively for the engineers while the rest of […]
By Administrator_India Capital Sands Reliance Industries will hold its 44th Annual General Meeting (AGM) at 2 pm on June 24. Reliance Industries is likely to make announcements across its telecom, retail and O2C businesses, as has been the norm in the past. AGMs have also been an occasion for new investors to join the digital […]
By Administrator_India Capital Sands For the planned initial public offering (IPO) of the state-run Life Insurance Corporation of India (LIC), the central government is considering to seek proposals from investment banks in June, a report said on June 3. People familiar to the development claimed that proposals could be sought from the investment banks “this month”, adding that government […]
By Administrator_India Capital Sands Several banks, including State Bank of India (SBI), have been imposing excessive charges on certain services provided to poor persons having zero-balance or Basic Savings Bank Deposit Accounts (BSBDA), a study by the IIT-Bombay has revealed. The study observed that the SBI’s decision to levy a charge of Rs 17.70 for […]
By Administrator_India Capital Sands The global diamond trade had spent years in the doldrums, only to be crippled by the pandemic when started looking up. Now, at last, business is booming again. Factories in the industry’s “engine room” of Surat are so desperate to boost production that the most-skilled cutters and polishers are being head-hunted with offers […]
By Administrator_India Capital Sands Facebook executives on Thursday fielded questions from an Indian parliamentary panel about changes to WhatsApp’s privacy policy, days after the country’s technology ministry asked the messaging platform to withdraw them. The committee asked why Facebook needed to change WhatsApp’s privacy terms and how it will impact users, a panel member told reporters on condition […]
By Administrator_India Capital Sands Indian companies on average have fared “much better” than their counterparts across the world, amid the COVID-19 pandemic, a study by Cognizant’s Centre for the Future of Work showed. In the region itself, during 2020, 36 percent of Indian companies reported ‘slight negative to very negative impact on business performance’ against the regional […]
By Administrator_India Capital Sands The Reserve Bank of India (RBI) on December 14 allowed certain exemptions in new current account rules which will come into effect from December 15 onwards. Under the new rules, all the scheduled commercial banks and payments banks will be excluded from the RBI’s August 6 circular, in which the regulator […]
By Administrator_India Capital Sands The World Economic Forum (WEF) will be held in Singapore instead of Switzerland next year as the COVID-19 pandemic would make it difficult to ensure the health and safety of participants in Europe, WEF organisers said on December 7. “The World Economic Forum will convene the Special Annual Meeting 2021 in […]