SAT stays Sebi's directions in open offer for Federal-Mogul Goetze In a letter dated 30 August, the market regulator appointed MM Nissim & Co as an independent chartered accountant to value the shares of Federal-Mogul Goetze for the open offer

Banks don’t want you to overpay card dues [ad_1] (This story originally appeared in on Sep 15, 2023) MUMBAI: Banks are either not allowing credit card users to pay an amount more than their outstanding or refunding excess amounts due to concerns over money laundering and fraud. Most credit card users pay either their total outstanding or minimum dues every ...

telecom regulatory authority of india: It’s your right to get refund from telcos within 3 months if overcharged [ad_1] Telecom operators will have to refund any excess amount to consumers in case it is proved by an auditor that they have been overcharged. The telcos need to refund the amount within 3 months of the receipt of the audit observation, ...

Banks can't use LOC as measure to recover money: Delhi High Court Banks cannot use Look Out Circulars as a way to recover money, the Delhi High Court has said, holding LOCs can’t be opened on mere possibility of a person being made an accused in a criminal case as they take away a person’s right to travel abroad which ...

Finance ministry asks Sidbi to increase direct lending portfolio Out of Rs 10,000 cr corpus available under the Fund of Funds for Startups (FFS) Scheme, Sidbi has sanctioned around Rs 9,500 cr to AIFs and disbursements have been around Rs 4,500 crore so far

With 74 foreign visits since 2014, PM Modi breaks Manmohan Singh's record Data suggests that while Modi has spent fewer days abroad than his predecessor (270 days versus Singh’s 306), he has travelled more extensively and actively than any other Indian PM

Rainfall deficit wider and outcomes worsening: CRISIL's DRIP Index Six kharif crops at risk

Ensure Nomination To Tackle Unclaimed Deposits [ad_1] (This story originally appeared in on Sep 06, 2023) MUMBAI: Finance minister Nirmala Sitharaman has urged banks and capital market institutions to ensure all accounts have a nomination to address concerns over rising unclaimed deposits and investments due to death of individuals. The FM’s statement comes four months after she proposed a drive ...

RBI may extend incremental cash reserve ratio with tweaks: Bankers “The I-CRR is acting as an indirect rate hike and, at best, the RBI could lower the limit taking into consideration tax outflows,” a senior treasury official at a private bank said

RBI plans to widen use of wholesale CBDC in call money market: Official India’s CBDC is currently in a pilot phase across the retail and wholesale segments. The central bank has set a target of one million transactions a day by the end of 2023