ECONOMY & NATION


While Vijay Mallya is complaining about the condition of Indian jails, the rich and powerful under-trials, who end up at Arthur Road Jail (Mumbai), tend to be housed together and become jail-buddies. So Ketan Parekh, chief architect of the market manipulation that led to the crash of 2000-01,...

Read More



IANS 06 January 2018
RJD supremo Lalu Prasad was on Saturday sentenced to three-and-a- half-years jail in a fodder scam case.   Special CBI judge Shivpal Singh announced the sentence after hearing arguments on the quantum of sentencing.    The sentence was pronounced through video conferencing. As...

Read More



IANS 06 January 2018
Moving swiftly after the Mumbai Fire Brigade probe report, the police on Saturday arrested Yug K. Pathak, the son of a retired DGP-level IPS officer and the co-owner of The Mojo's Bistro fire in which 14 people were killed on December 29.   "He has been booked under the stringent IPC...

Read More



Amit Khanna (IANS) 06 January 2018
As they say, never reinvent the wheel. Well we haven't in millennia. It is ironical that some of the oldest inventions of man have remained unaltered for centuries. In an age where mobile phones, cars and even airplanes get an upgrade every few months, some products and services remain...

Read More



IANS 06 January 2018
Tata Steel on Friday said its provisional India production in the October-December 2017 period was marginally down at 3.24 million tonnes compared to 3.28 million tonnes in the corresponding quarter of 2016-17.   But in the first nine month period from April-December of the current...

Read More



IANS 06 January 2018
BSE's small and medium enterprises (SME) platform is expecting a spell of listing in 2018 as 75-100 companies are likely to list in the year raising an estimated amount of Rs 1000-1500 crore amid rising interest from these firms to tap the capital market to raise funds.   "A flurry of...

Read More



IANS 06 January 2018
While the Indian economy is expected to perform better in the second half of this fiscal, the twin impact of demonetisation and GST implementation is estimated to pull down GDP growth to 6.5 per cent in 2017-18, from 7.1 per cent in the previous year, Chief Statistician T.C.A. Anant said on...

Read More



Moneylife Digital Team 05 January 2018
State Bank of India (SBI), the country's largest lender, may reduce its requirement for minimum average balance on savings account says a media report.   Quoting unnamed sources, the Economic Times, in its report says, "the bank is looking at bringing down the minimum balance...

Read More



India’s largest bank by deposits, the State Bank of India (SBI) has reduced its base rate—an older lending benchmark—by 30 basis points (bps) to 8.65%. Theoretically, this reduction is expected to benefit borrowers who had taken floating rate loans before April 2016, when the base rate was...

Read More



Moneylife Digital Team 04 January 2018
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has asked Deepak Sakharam Kulkarni of the DSK Group to pay all pre-equated monthly installment interest and an interest on booking amount paid by a buyer. DSK has to pay the interest till it hands over the possession to the flat...

Read More



Moneylife Digital Team 04 January 2018
According to the Press Trust of India, the finance ministry approved proposal for infusion of Rs7,577 crore in 6 weak PSBs – Rs2,257 crore in the Bank of India, Rs2,729 crore in IDBI Bank, Rs650 crore in Bank of Maharashtra, Rs243 crore in Dena Bank, Rs1,375 crore in UCO Bank and Rs323 crore...

Read More



Moneylife Digital Team 03 January 2018
The Rajya Sabha was informed today about the 25,800 fraud cases involving about Rs179 crore, related to credit/debit cards and Internet Banking, reported in the calendar year 2017 (up to December 21). The number of cases being reported has increased every quarter according to IT Minister Ravi...

Read More



Krishna Gupta 03 January 2018
Sporadic incidents of violence, road and rail blockages, stone-pelting, processions and protest demonstrations marred the Maharashtra shutdown called by some political parties on Wednesday. Later before evening Bharipa Bahujan Mahasangh President Prakash Ambedkar called off its 'Maharashtra...

Read More



IANS 03 January 2018
 In a bid to provide real time train information, the government plans to install GPS devices on over 2,700 electric locomotives by December 2018, Parliament was told on Wednesday.   "Railway Ministry in collaboration with Indian Space Research Organisation (ISRO) is implementing...

Read More



IANS 03 January 2018
The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, on Wednesday approved Jal Marg Vikas Project (JMVP) for capacity augmentation of navigation on National Waterway-1's (Ganga river) 1,380-km Haldia-Varanasi stretch.   According to a cabinet communique,...

Read More



Moneylife Digital Team 03 January 2018
The difference in the yields of 2-year and 10-year US Treasury (UST) securities have flattened. This has raised concerns signalling low-confidence in the short term health of the US economy, according to DBS bank’s Philip Wee and Eugene Leow.   Investors lock-in their money in...

Read More



IANS 03 January 2018
Sporadic incidents of violence, road and rail blockages, stone-pelting, processions and protest demonstrations marred the Maharashtra shutdown called by some Dalit parties on Wednesday amid tight security across the state.   Groups of Dalit activists jumped on the railway tracks,...

Read More



Ever since the National Democratic Alliance (NDA) has come to power, it has been a boom time for the world’s biggest consulting firms operating in India. There isn’t a project or an issue, committee or activity where the global majors are not bidding, and winning.   The quality of...

Read More



Moneylife Digital Team 03 January 2018
State Bank of India (SBI), the country's largest state-run lender has earned a whopping Rs1,771 crore as penalty income from customers for not maintaining minimum average balance during April to November 2017. This penalty income earned by SBI is more than its net profit of Rs1,581.55 crore...

Read More



Amit Kapoor (IANS) 03 January 2018
The New Year is upon us. It has been 17 years into the 21st century and if one word has to define this period, ‘innovation is bound to reign supreme. Technological innovation in every field has taken place at such a rapid pace over the last two decades that most of it is taken as...

Read More

Free Helpline
Legal Credit
Feedback