Companies Legal Market

31000 Crores Scam : DHFL’s shares have now nosedived further 30%

Reuters said that the Ministry of Corporate Affairs will look into allegations against Dewan highlighted by Cobrapost. The report further said that the government had already launched its probe.   This news bought today crash, and DHFL’s shares have now tanked by 30% over the last four days. The company’s stock is now trading at Read More…

Industries Market Technology

Infy Chairman Nilekani appointed as head of a RBI panel to give report on digital payments

Infosys Chairman, Nandan Nilekani has been appointed as the chairman of the Reserve Bank of India’s committee on enhancing digital payments.   Other than Nilekani, Kishore Sansi, Chairman and managing director of Bengaluru-based PSB Vijaya Bank is also part of the five-member committee.   The committee includes three other H R Khan, former Deputy Governor Read More…

Business Market

Enormous tasks awaiting for new RBI Governor Shaktikanta

The new central bank governor has a list of challenges to face as he takes office: from fixing a banking crisis to convincing investors of the institution’s autonomy.   Shaktikanta Das, 61, a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, Read More…

National Politics Voice

BJP made CBI ,RBI total disasters slams Opposition Jointly

Consensus reached among opposition parties that the assault on institutions such as the RBI must be stopped,   Congress president Rahul Gandhi said on Monday following the resignation of the central bank’s governor Urjit Patel.   Rahul Gandhi’s remarks came after top leaders of over a dozen opposition parties met in New Delhi as part Read More…

Business Politics

First time in History of central bank “Unprecedented” RBI Governor Quits

In a sudden unprecedented development, the Reserve Bank of India (RBI) Governor Urjit Patel has resigned from his post citing ‘personal reasons’. It is important to note that there have been reports of conflict between the PM Modi led NDA government and the central bank.   For the first time in the history of the Read More…

Business Industries Market Politics

RBI Report of MSME Expert committee only in June 2019 shocks BJP

  The Reserve Bank of India (RBI) might have the last laugh in its spat with the government as the expert committee on Micro, Small and Medium Enterprise (MSME) credit is unlikely to submit its recommendations before the upcoming General Elections.   “An expert committee would be constituted by the RBI to identify causes and Read More…

Business Companies Market Technology

WhatsApp awaiting payment nod from RBI for its 200 millions User base

WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India.   The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch Read More…

Business National Politics

Demonetisation has a transient impact on the economy says RBI Governor before parliamentary committee

RBI Governor Urjit Patel Tuesday committed to a parliamentary committee to give in writing his views on some of the controversial issues, which may include the government citing never-used powers to get the central bank on the discussion table, said sources.   Patel, who appeared before the 31-member Parliamentary Standing Committee on Finance, said the Read More…