Business

South Korea aims for startup

South Korea aims for startup

Tech Crunch February 19, 2018

 Back in 2011, when South Korea won its longshot bid to host the 2018 Winter Olympics, the country wasn’t widely recognized as a destination for ski and snow lovers. It wasn’t co

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Mahindra to Set Up Rs 1700 Crore Film-based Entertainment Centre in

Mahindra to Set Up Rs 1700 Crore Film-based Entertainment Centre in

Business February 18, 2018

On the Rs 1,700-crore investment announced in the city, Mahindra said, we are exploring to set up a unique film-centric entertainment destination on our land at Kandivali in the city as Mumbai is

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All Industry Captains, Except Anand Mahindra, Heap Praises on Fadnavis at Magnetic Maharashtra

All Industry Captains, Except Anand Mahindra, Heap Praises on Fadnavis at Magnetic Maharashtra

Business February 18, 2018

Besides Mahindra, Ratan Tata also chose the state government-organised investor summit and the presence of Prime Minister Narendra Modi to make public his concerns on the infrastructure front.

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Chandrasekarans 2nd Year May Begin With Tatas Largest Domestic Deal With Bhushan Steel

Chandrasekarans 2nd Year May Begin With Tatas Largest Domestic Deal With Bhushan Steel

Business February 18, 2018

Before being named the chairman of Tata Sons, the holding company, Chandra was managing director and chief executive of the group flagship TCS, which commands the highest market valuation at clos

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Fortis Healthcare Co-owner Restrained From Selling Properties in Bank Loan Default

Fortis Healthcare Co-owner Restrained From Selling Properties in Bank Loan Default

Business February 18, 2018

A bench headed by presiding officer GVK Raju passed the interim direction on an application by Yes Bank seeking recovery of Rs 569.64 crore loan given to Oscar Investment Ltd. for which Singh was

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PNB Fraud: 200 Shell Firms, Benami Assets Under ED, I-T Dept

PNB Fraud: 200 Shell Firms, Benami Assets Under ED, I-T Dept

Business February 18, 2018

The Enforcement Directorate on Sunday raided at least 45 premises, including jewellery showrooms and workshops, across the country.

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PNB Turmoil, Global Cues to Dictate Market Trend This

PNB Turmoil, Global Cues to Dictate Market Trend This

Business February 18, 2018

Besides domestic developments, the movement of funds and crude oil prices are expected to dictate the market sentiment this week. During the past week, the Sensex had tumbled 286.71 points while

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PNB Scam: Officials of Other Banks Under

PNB Scam: Officials of Other Banks Under

Business February 18, 2018

Had someone raised alarm earlier, the quantum of fraud could have been lower, sources said, adding that it is like alert citizen informing police about some nefarious activity to authorities for

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CII-IBA Q4 Financial Conditions Index up Over 2016-17, Falls Below

CII-IBA Q4 Financial Conditions Index up Over 2016-17, Falls Below

Business February 18, 2018

According to a CII release in New Delhi, the CII-IBA Financial Condition index for the Q4 FY2017-18 registered 53.2, which on a year-on-year basis has shown an improvement of five points.

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ASSOCHAM Calls for Privatising PSBs in Light of Rs 11,300 Crore Fraud at

ASSOCHAM Calls for Privatising PSBs in Light of Rs 11,300 Crore Fraud at

Business February 18, 2018

The industry body said PSB senior managements spend bulk of their time receiving and implementing directions from the bureaucrats even for innocuous issues.

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GST Good for Logistics but GSTN Glitches, Compliance Major Issues:

GST Good for Logistics but GSTN Glitches, Compliance Major Issues:

Business February 18, 2018

The Federation of Indian Chambers of Commerce and Industry (FICCI) had conducted a survey on the experiences of micro, small and medium enterprises (MSMEs), as well as large corporates, on the fi

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Nirav Modi Scam: Crisil Puts PNB Ratings on the

Nirav Modi Scam: Crisil Puts PNB Ratings on the

Business February 18, 2018

The ratings also continue to factor the stress on the banks asset quality especially in the corporate portfolio; the resultant increase in provisions would continue to impact profitability over t

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8 PSUs to Hit Capital Markets Next Fiscal: DIPAM

8 PSUs to Hit Capital Markets Next Fiscal: DIPAM

Business February 18, 2018

Department of Investment and Public Asset Management (DIPAM) Secretary Neeraj Gupta said these initial public offerings (IPO) will be done in a staggered manner depending upon the size of the iss

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Frances AFD Keen to Invest 100 Million Euros in Smart City

Frances AFD Keen to Invest 100 Million Euros in Smart City

Business February 18, 2018

Under the smart city mission, the government has so far identified 99 cities for upgradation which would require a total investment of about Rs 2.03 lakh crore.

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NTPC Eyes 100% Equity in Some JVs With State Utilities, Stressed

NTPC Eyes 100% Equity in Some JVs With State Utilities, Stressed

Business February 18, 2018

Sources meanwhile indicated that NTPC could be in talks with Bihar utilities for two joint venture projects at Kanti and Nabinagar but it could not be ascertained from the company.

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Digital nomads are hiring and firing their

Digital nomads are hiring and firing their

Tech Crunch February 18, 2018

 The nation state has survived wars, plagues, and upheaval, but it won’t survive digital nomads, not if people like Karoli Hindriks have something to say about it. Hindriks is the foun

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Sqreen wants to become the IFTTT of web app

Sqreen wants to become the IFTTT of web app

Tech Crunch February 18, 2018

 French startup Sqreen recently launched a Security Hub with dozens of plugins to put you in control of the security of your web app. In many ways, it feels like enabling tasks on popular au

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Indian Banks May Take More Than Rs 19,000 Crore Hit From PNB Fraud, Says Tax

Indian Banks May Take More Than Rs 19,000 Crore Hit From PNB Fraud, Says Tax

Business February 17, 2018

As of March 2017, banks had extended loans and guarantees worth Rs 11, 400 crores to companies tied to billionaire jeweller Nirav Modi and his ncle Mehul Choksi

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After PNB, Chennais City Union Bank Hit by Fraud Using the Same

After PNB, Chennais City Union Bank Hit by Fraud Using the Same

Business February 17, 2018

Just like the fraud at Punjab National Bank (PNB), no entries of remittances were made in the ledgers of City Union Bank and transfers were pushed through the SWIFT financial platform.

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UCO Bank Admits Exposure of Over Rs 2,600 Crore in PNB

UCO Bank Admits Exposure of Over Rs 2,600 Crore in PNB

Business February 17, 2018

Fraud-hit PNB has said it will honour its bonafide commitments and entire liability will be known after the investigation.

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