BUSINESS
Japanese firms rank India as top investment destination
Vietnam is a close second with 60 per cent firms opting for the Southeast Asian nation. Not just that. India also topped the list of countries from which Japanese firms expected to increase their profit margins amid the rising global challenges. According to the survey 63.2 per cent of the companies expected their profitability to increase while the figure was 26.8 per cent for China.
Steep rise in prices of essential commodities burning a hole in common man's pocket
Now the scenario is quite different. Even with two or three members, a nuclear family is finding it difficult to control expenses when it comes to spending on necessary items like edible oil, pulses, milk, petroleum, etc.
'Was collecting evidence', says CBI on delay in making arrests in ICICI Bank loan fraud case
The CBI had filed an FIR in the matter on January 22, 2019 while preliminary enquiry (PE) was initiated on December 8, 2017. Initially, the PE took two years to reach a conclusion that a loan fraud of Rs 3,250 crore was made. Two years after the PE, the CBI finally deemeed it fit to lodge an FIR against the accused persons. However, no action was taken after that.
RBI cracked the whip on ICICI, others, for flouting norms, but was ignored: RTI
The RTI of July 2019 shows the time-period of the SCNs and penalties to the banks - from April 2017 - to the State Bank of India, Deutsche Bank, ICICI Bank, Yes Bank, Axis Bank, IDBI Bank, Indusind Bank, Jammu & Kashmir Bank, Karur Vysya Bank, South Indian Bank.
Outstanding loans to minority communities by state-owned banks up 118% since 2011: Finance Ministry
Enhanced priority sector lending to minority communities by public sector banks (PSBs) had been mandated by the government in 2007-08. The government at that time had directed PSBs to step up their priority sector lending to minorities from 9 per cent to 15 per cent over a period of three years, sources said.
Smuggling of US dollars to Afghanistan hurting Pakistan's economy
"Pakistan is currently dealing with problems on several fronts, the political crisis being the first and biggest one. The dollar crisis is also connected with it," Malik Bostan, the Chairman of the Exchange Companies Association of Pakistan (ECAP), said at a news conference, The News reported.
'In 2022 Gold had more ups and downs than a roller-coaster ride'
According to Damani, the Comex Gold has made a high of about $1,935 and a low of about $1,630, while silver on other hand made a high of about $25 and low of about $18. There are few factors which triggered volatility in the market like, move in Dollar Index & yields, aggressive monetary policy stance from major central banks, rising inflationary concern, geo-political tension, which led to this volatility.
CBI grills Dhoot, Kochhars together in loan fraud case
On August 26, 2009, then ICICI Bank Sanctioning Committee, headed by Chanda Kochhar, sanctioned a rupee term loan of Rs 300 crore to Videocon International Electronics Ltd (VIEL) in contravention of rules and policies of the bank in a criminal conspiracy with the co-accused persons dishonestly by abusing her official position as public servant.
Govt raised Rs 4,06,000 cr through dated securities in July-Sept: Debt management report
Repayments stood at Rs 92,371.15 crore, as per the reports. The weighted average yield of primary issuances hardened to 7.33 per cent in the second quarter of the current fiscal from 7.23 per cent in first quarter of 2022-23.
Kochhar couple challenges arrest by CBI in Bombay HC; get no interim relief
The Kochhars and Dhoot, who were arrested on Saturday and Monday respectively, are currently in CBI custody till December 28 (Wednesday).
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