Amid frauds- RBI delays bonuses of ICICI Axis and HDFC Bank CEOs

Amid frauds- RBI delays bonuses of ICICI Axis and HDFC Bank CEOs

06/Apr/2018 0 Comments India Business News

NEW DELHI: Reserve Bank of India (RBI) is delaying year-end bonuses to the heads of top private banks as it questions the size of the payouts citing the lenders’ performance issues, said people familiar with the matter. Chief executive officers (CEO) at HDFC Bank, ICICI Bank and Axis Bank -- the nation’s largest private lenders by assets -- are among bankers yet to receive bonuses for the financial year ended March 31, 2017, as the RBI hasn’t signed off on the proposed payments, the people sa .....

Amid frauds- RBI delays bonuses of ICICI Axis and HDFC Bank CEOs

Amid frauds- RBI delays bonuses of ICICI Axis and HDFC Bank CEOs

06/Apr/2018 0 Comments Indian Buisness Update

NEW DELHI: Reserve Bank of India (RBI) is delaying year-end bonuses to the heads of top private banks as it questions the size of the payouts citing the lenders’ performance issues, said people familiar with the matter. Chief executive officers (CEO) at HDFC Bank, ICICI Bank and Axis Bank -- the nation’s largest private lenders by assets -- are among bankers yet to receive bonuses for the financial year ended March 31, 2017, as the RBI hasn’t signed off on the proposed payments, the people sa .....

Government vs RBI- Deputy governor explains Kishore Kumar style

Government vs RBI- Deputy governor explains Kishore Kumar style

08/Dec/2017 0 Comments India Business News

NEW DELHI: Viral Acharya is RBI's (Reserve Bank of India) youngest deputy governor post- liberalisation. The 43 year-old is on a three-year leave from his job as a professor of Economics at NYU Stern (New York University Stern School of Business) to carry out his RBI assignment. The IIT-Bombay alumnus' resume is studded with several achievements, but what you won't find there is the fact that during his B-school days in New York, he had started an Indian film music band called 'Surbahaar'. .....

GDP at 6.3 percentage far below 7.5 percentage in 2nd quarter of last year - Opposition leaders

GDP at 6.3 percentage far below 7.5 percentage in 2nd quarter of last year - Opposition leaders

30/Nov/2017 0 Comments India Business News

NEW DELHI: The Opposition, as one, reminded the Modi government that the slight upward trend in GDP in this year's second quarter is far below that of 7.5% in the comparable period last year before demonetisation and GST were imposed. Worse, they said, is that agricultural growth has been "abysmal", leading to skyrocketing vegetable prices, especially of onions. "6.3% is far below the PROMISE of the Modi government and far below the POTENTIAL of a well-managed Indian economy," tweeted form .....

Restaurants fall in line on GST as new rates kick in

Restaurants fall in line on GST as new rates kick in

15/Nov/2017 0 Comments India Business News

NEW DELHI: Restaurants across the country on Wednesday complied with the lower goods and services tax (GST) rate of 5 per cent after initial reluctance to do so, at least from some quarters. The new GST rates for a host of items — from washing powders and razors to shampoo and watches — kicked in from Wednesday, days after the GST Council pared rates on over 200 items, including 178 in the top bracket of 28 per cent. Some members of the National Restaurants Association of India (NRAI), which l .....

Even businessmen and accounting experts cannot understand GST - BJPs MP MLA

Even businessmen and accounting experts cannot understand GST - BJPs MP MLA

09/Nov/2017 0 Comments India Business News

NEW DELHI: It appears, that the complexity of the Goods and Service Tax (GST) has left even the ministers of the ruling party perplexed. On Wednesday, BJP MLA Om Prakash Dhurve from Madhya Pradesh said that not only does he not understand how GST works, even accounting experts are not able to. "GST mai khud hi nahi samajh paa raha hoon, to iss sambandh mein nahi bolunga. Bade bade CA nahin samajh paa rahe hain, vyapari nahin samajh paa rahe hain," Dhurve said. (Even I can't understand GST. So .....

Next big GST move to reduce prices of many frequently used items

Next big GST move to reduce prices of many frequently used items

01/Nov/2017 0 Comments India Business News

NEW DELHI: India could review the application of the highest 28% slab under the goods and services tax (GST) and consider imposing a lower rate on items of frequent use, with policymakers supporting a move along these lines. Such a move will reduce prices of many goods, thus helping to boost demand. The Department of Industrial Policy and Promotion (DIPP) has pitched for such a shift to revive industry, especially small businesses that are regarded as engines of employment generation. "The .....

High GST rate on batteries to hit e-vehicle drive

High GST rate on batteries to hit e-vehicle drive

01/Nov/2017 0 Comments India Business News

New Delhi: Sending a clear signal that India is firmly moving towards electric vehicles, the goods and services tax (GST) Council has set a 12% tax rate for electric vehicles, compared with 28% plus cess for petrol and diesel cars and hybrid vehicles. The move has, however, got mixed response from those campaigning for sustainable mobility solutions and the automobile industry. Last week, the council announced rates of GST and, according to them, cars will attract a rate of 28% with a cess r .....

HCL Technologies Shares Fall Nearly 4% After Q2 Earnings

HCL Technologies Shares Fall Nearly 4% After Q2 Earnings

25/Oct/2017 0 Comments business latest

New Delhi: Shares of HCL Technologies Wednesday fell by nearly 4 per cent even as the company's net profit rose 8.6 per cent in the quarter ended September 30, 2017. The stock went down 3.3 per cent to Rs. 883.30 on BSE. At NSE, shares of the company dipped 3.65 per cent to Rs. 881.10. HCL Technologies reported a net profit of Rs. 2,188 crore for the quarter ended September 30, up 8.6 per cent over the year-ago period. The company maintained its 2017-18 revenue growth forecast at 10.5-12.5 p .....

Reliance Jio Happy New Year Offer- All Services Free Till March 31

Reliance Jio Happy New Year Offer- All Services Free Till March 31

01/Dec/2016 0 Comments Reliance Jio News

Continuing its free services that were introduced with the Jio Welcome Offer in September, Reliance Jio Happy New Year Offer will provide free data, voice calls, and Jio apps till March 31, 2017. The Reliance Jio Happy New Offer is applicable for both new and existing users, the company chairman said at an event on Thursday. The Reliance Jio Happy New Year Offer starts from December 4, a day after the the company's Jio Welcome Offer ends. "Starting December 4, 2016, every new Jio user will get .....

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