Oxford forecasts that in the long run, the debt of households and non-financial companies will remain above 100 percent of gross domestic product in most Asian economies, excluding Japan.
Toyota Motor Corp has said it will take a stake in taxi-hailing service JapanTaxi, set up by Japan's largest taxi firm, Nihon Kotsu. Uber's new chief executive, Dara Khosrowshahi, is currently in Tokyo and is expected to meet with regulators.
The Guptas are friends of former President Jacob Zuma and have done business with his son Duduzane. One of the family’s alleged scams involved leasing a dairy farm on state land and redistributing the 220 million rand of government funds, earmarked for the development of the farm, into their accounts.
‘Yogi to hold interactions with CEOs of various companies’
The move is likely to boost the chances of German Bundesbank Governor Jens Weidmann becoming head of the ECB next year to succeed Mario Draghi in 2019, possibly giving the ECB's policy a more hawkish tilt.
The export agreements are conditional upon receipt of regulatory and government approvals in Israel and in Egypt. Noble and Delek Drilling together control 85 percent of Leviathan, with the rest held by Ratio Oil.
“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.
According to the DRI, the total over-valuation by the Adani firms in the two DRI cases is worth Rs 5,467 crore.
With GSTR-2 & -3 suspension deadline closing, Council aims to bring one form.
“Digital India is a journey bringing about digital inclusion for digital empowerment aided by digital infrastructure for digital delivery of services,” says PM Modi.
Company sources reiterated that this was an ongoing case and there was no merit in the allegations.
"In the first phase, I am required to build a prototype 19-seater plane and three more similar planes for production. The investment required for this will be Rs 200 crore, which is the immediate requirement and will be spent in the next six months," Amol Yadav said.
"The SGX Nifty family of products can continue to list, trade and clear uninterrupted on SGX until August 2018 at a minimum, supported by the current licence agreement with NSE," the Singapore bourse said in a statement.
In four trading sessions, the stock has lost nearly 28 per cent and suffered an erosion of Rs 10,781.12 crore from its market capitalisation. Meanwhile, shares of PNB Housing slipped 1.36 per cent to Rs 1,184.35 on BSE.
AIBEA said fraud has raised a number of questions on technology issues, supervision, monitoring, audit and internal control besides role of RBI in the whole episode.
Globally, in the Asian region, Japan's Nikkei rose 1.33 per cent, while markets in Hong Kong and China remained shut on Monday on account of a public holiday. The US Dow Jones Industrial Average ended 0.08 per cent higher on Friday.
Focus was on economic indicators due this week, such as Wednesday's euro zone purchasing managers' index and Friday's German gross domestic product numbers, and whether they could propel the euro higher again.
The overall employment in the eight sectors had seen an addition of 77,000 workers in April-June 2016 and an increase of 1.85 lakh workers in January-March 2017.
The Richard Branson-led Virgin Group on Sunday signed a framework agreement with Maharashtra to build a hyperloop transportation system between Mumbai and Pune during the Magnetic Maharashtra investor summit.
According to official documents, the Department of Geology & Mining has established presence of 102.7 million cubic metres of granite reserves in Manjigund, Shilkchay, Channingund, Bhimbat and Kharbu areas of Kargil district.
Sebi has already launched a probe into trading and disclosure related issues in the matter of Punjab National Bank (PNB) and Gitanjali Gems in connection with the biggest fraud in the Indian banking industry so far allegedly perpetrated by Nirav Modi
Exports should account for 6-7 per cent of India's total steel production in the next few years, up from the 1.5 per cent at present, Union Steel Minister Chaudhary Birender Singh had earlier said.
The RBI has denied reports that it has directed PNB to meet its commitments under the Letter of Undertaking (LOU) to other banks.
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
Committee on GST returns simplification to submit report by end of the month
To address the problem, "I think four 'Rs' are the answers. They are Recognition, Resolution, Recapitalisation and Reforms," he said at the Annual Convention 2018 of Madras Management Association, in Chennai. "Recognition" is identifying the stressed assets and non-performing assets in banks," he said.
PNB fraud case: Gokulnath Shetty and Manoj Kharat apart from Hemand Bhat will be produced before a CBI Special court in Mumbai today.
The affordable housing segment is clearly on an uptrend. Growth in supply has been estimated to be 15 per cent in terms of launches in the last three months, as compared with the previous quarter.
While the largest Indian airline IndiGo reported a passenger load factor of 89.7 per cent, the second largest carrier Jet Airways saw a load factor of 88.7 per cent, followed by Tata-Singapore Airlines joint-venture Vistara at 87 per cent and flag-carrier Air India at 84.6 per cent.
New business performance by the corporation for nine months ended December 2017 has shown an impressive growth of 19.47 per cent with its first year premium netting Rs 99,783.33 crore.
As per Economic Survey for 2017-18, a total of 1.45 lakh appeals were pending with the Commissioner (Appeals), Customs, Excise and Service Tax Appellate Tribunal (CESTAT), High Courts and the Supreme Court together, that were valued by the Department at Rs 2.62 lakh crore As of the quarter ending March 2017.
Britain’s exit from the European Union (EU) is a big loss for the latter’s pharmaceutical regulatory structure and member-countries have been asked to step up their competence and expertise to cope with Britain’s departur
On Monday, the price regulator refused to provide separate sub-category and higher ceiling price for latest-generation biodegradable stents, as requested by multinational medical device companies.
According to banking sources, the bank may end up providing for the full amount in its books but a clear picture will emerge only when investigations are complete and the bank and the RBI scrutinise the details of the fraud.
Punjab National Bank (PNB) has lost market capitalisation worth Rs 8,731 crore after shares of the company slumped for the third straight session following the detection of a Rs 11,400-crore fraud.
On Wednesday, state-owned PNB admitted that it had detected fraudulent transactions worth over Rs 11,000 crore jewellery czar Nirav Modi.