Splco emerging trend in bilingual online media
The Central Bureau of Investigation (CBI) has booked HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, along with other directors and auditors in the firm, in an alleged Rs 200-crore loan fraud in YES Bank, officials said Friday. After registering the case, the CBI searched the residence of Rakesh Wadhawan and his son Sarang in Read More…
The CBI had registered the case on the allegations that between 2006 and 2007 the Directors of National Medicines Private Limited had conspired with Kannan and Ramakrishnan with an intention to cheat the Union Bank of India. They fraudulently availed the enhanced Cash Credit (CC) facility from Union Bank of India by submitting the Read More…
Enforcement Directorate (ED) on Monday arrested Deepak Kochhar, husband of ICICI Bank former managing director and chief executive officer (CEO) Chanda Kochhar, in connection with ICICI Bank-Videocon money laundering case. This is the first arrest since the case was registered in February 2019. The action follows hours of grilling based on new evidence Read More…
The Supreme Court on Wednesday said that the problem in the country’s economy was created due to the government’s decision to impose strict lockdown earlier this year and it was concerned about the plight of the common man. The strict nationwide lockdown was imposed in March this year to curb the spread of coronavirus Read More…
The Reserve Bank of India board on Friday, August 14, again approved a dividend payout of Rs 57,128 crore to the Narendra Modi-led BJP government. In a statement, the RBI said its central board headed by Governor Shaktikanta Das “reviewed the current economic situation, continued global and domestic challenges and the monetary, regulatory, and Read More…
India’s largest private sector lender, HDFC Bank on Friday cut its marginal-cost based lending rate (MCLR) on loans across tenors by 10 basis points.The rate cut is effective from Friday (August 7), according to its website. . After the rate reduction, its overnight MCLR stands reduced to 7%, while one-month MCLR is 7.05%, according to Read More…
The Reserve Bank of Indian (RBI) on Thursday decided to keep the benchmark repo rate unchanged at 4 per cent, already at the lowest since 2000, and reverse repo rate at 3.35 per cent. In view of the Covid-19 pandemic and the resultant stress in the system, the central bank also decided to allow Read More…
Following Economy down scale prior outbreak of Covid-19, and then lockdown issue bank credit growth fallen drastically to 7 per cent in May from 11.5 per cent a year ago. The growth is likely to remain muted during the current fiscal due to uncertainty and consequent risk aversion on part of borrowers as well Read More…
Aam Aadmi Party (AAP) leader Sanjay Singh on Sunday thrashed BJP led modi centre government, accusing it of taking a loan of Rs 5,700 crore from China and on one other hand and on other hand asking people to boycott the neighbouring country “The drama of BJP is praiseworthy. You tell the country to Read More…
Fitch Ratings on Thursday downgraded India’s outlook to ‘negative’ from ‘stable’, stating that poor management of coronavirus pandemic has significantly weakened the country’s growth prospects for the year and exposed the challenges associated with a high public-debt burden. The move comes after another rating agency Moody’s earlier this month downgraded India’s sovereign rating by Read More…
