Sandeep Singh

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After falling to 3 per cent post note ban, banks’ credit growth sees revival at 8 per cent
Tue, Apr 17, 2018

Increase in demand for credit from retail side, jump in off-take from services sector contribute to growth rise.

New Toyota Yaris ticks all the right boxes
Mon, Apr 16, 2018

While a lot will depend on Toyota’s pricing strategy, which it will announce this week, it is expected to come with starting price tag of around Rs 10 lakh.

Chanda Kochhar: After initial show of support, growing questions within ICICI Bank
Tue, Apr 10, 2018

“At first, the board squarely stood behind Chanda Kochhar but in recent meetings they told us that the organisation was bigger than an individual and that the board is looking into investors’ concerns,” said the CEO of a mutual fund with significant investments in ICICI Bank.

Checking NPAs: 11 public sector banks now on RBI watchlist, small firms face credit crunch
Mon, Apr 09, 2018

At present, 11 weak PSBs out of the 21 State-owned banks are under the PCA, which kicks in when banks breach regulatory norms on issues such as minimum capital, amount of non-performing assets and return on assets.

LTCG tax impact: Equity mutual funds see huge redemptions in March
Fri, Apr 06, 2018

According to data released by Association of Mutual Funds in India, while the gross investments into equity schemes of mutual funds stood strong at Rs 39,102 crore in March, the net inflow was Rs 2,954 crore.

SFIO seeks green signal to investigate ICICI Bank loan to Videocon Group
Tue, Apr 03, 2018

It is learnt that the Mumbai SFIO received a complaint relating to ICICI Bank, Videocon Group and their promoters in February 2018.

Chanda Kochhar’s brother-in-law advised ICICI borrowers on their foreign loans
Tue, Apr 03, 2018

Avista Advisory, founded by Rajiv Kochhar, who is the brother-in-law of Chanda Kochhar, got the mandate to restructure foreign currency-denominated debt deals worth over $1.7 billion of seven companies over the last six years.

Videocon gets Rs 3250-crore loan from ICICI Bank, bank CEO’s husband gets sweet deal from Venugopal Dhoot
Sat, Mar 31, 2018

Promoter Venugopal Dhoot forms JV with Chanda Kochhar’s husband, loans Rs 64 crore, then hands him ownership of lending entity for Rs 9 lakh; ICICI Bank declares Videocon account NPA.

NBCC chief AK Mittal under CBI scanner gets his vigilance dept’s clean chit, additional post
Mon, Mar 26, 2018

It said that during investigations, the allegations against Mittal “were not found corroborated”.

Utilising idle gold with households: Government schemes fail to glitter
Tue, Mar 20, 2018

Various govt initiatives, aimed at fishing out yellow metal lying idle with households, have failed to achieve the desired results. The 22 tonnes mobilised under SGB scheme in last 3 years translates to just about 1% of India's physical demand in that period.

Mutual Funds investments: LTCG fails to derail inflow
Fri, Mar 09, 2018

Data released by the Association of Mutual Funds in India show that in February, the gross sales across equity schemes of mutual funds declined by Rs 11,935 crore or 26 per cent over those witnessed in January 2018.

CSR Spend in 2016-17: Hunger, poverty eradication & healthcare take back seat
Mon, Mar 05, 2018

Expenditure on these fell 18.6 per cent; highest spend on education, vocational skills.

UP Investors Summit: India Inc opens wallet, MoUs worth Rs 4.28 lakh crore inked
Thu, Feb 22, 2018

Mukesh Ambani said India cannot rise without 22 crore people of UP rising. Having invested Rs 20,000 crore in the state through Jio in the past, Ambani said Jio will invest another Rs 10,000 crore in UP over the next three years.

UP Investors Summit: Defence industry corridor from Agra to Chitrakoot soon, says PM Modi
Thu, Feb 22, 2018

PM Modi said that Chief Minister Yogi Adityanath has taken the state from 'negativity' to 'positivity'.

Uttar Pradesh Investors’ Summit 2018: Defence industry corridor from Agra to Chitrakoot, says PM Modi
Thu, Feb 22, 2018

Stressing that the “foundation of a new UP has been laid” with this summit, the Prime Minister said that the state would also get two new expressways in Poorvanchal and Bundelkhand to boost industrialisation.

Workman/officer director posts vacant in 20 public sector lenders
Tue, Feb 20, 2018

“None of the 20 PSBs have a workman and an officer director as of now. Also, there has not been a single appointment of these directors over the last three-and-half years,” C H Venkatachalam, general secretary, All-India Bank Employees’ Association (AIBEA), said.

LIC equity holding crosses 6 lakh crore for 1st time ever as market rises
Sun, Feb 18, 2018

Even as LIC’s gains in value of portfolio is mostly on account of rise in markets (as its overall holding percentage has come down), in the quarter ended December 2017 LIC held more than 1 per cent stake in 327 companie

Fraud effect: LIC, investor in PNB, Gitanjali, loses Rs 1400 crore in three days
Sat, Feb 17, 2018

While LIC owns 13.93 per cent in PNB, 13.24 per cent in Union Bank of India and 13.17 per cent in Allahabad Bank, it also owns 2.88 per cent in Gitanjali Gems as on December 31, 2017.

Long Term Capital Gains tax nudges investors to consider shifting funds from MFs to ULIPs
Tue, Feb 13, 2018

Finance Minister Arun Jaitley had in his Budget speech announced the imposition of long term capital gains tax on equity gains of over Rs 1 lakh on transfer of shares or units of equity mutual funds.

Interview with Ashu Suyash: Fiscal slippage a worry despite push for inclusion, rural growth
Fri, Feb 09, 2018

Reducing the corporate tax rate for companies with turnover of up to Rs 250 crore should be seen a progression towards the next step: Ashu Suyash.