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RBI pushes asset reconstruction companies to strengthen KYC compliance

RBI pushes asset reconstruction companies to strengthen KYC compliance

Posted on: 03 Jun, 06:39 AM

RBI’s push is backed by its master circular from 24 April that mandated ARCs to follow these norms as prescribed in its KYC guidelines from 2016..ARCs face increased compliance costs and challenges, particularly with retail bad loans, as they adapt to stricter KYC guidelines.

Tags: #companies
Full story at mint
Indian advertisers in a fix over budget for ICC T20 World Cup

Indian advertisers in a fix over budget for ICC T20 World Cup

Posted on: 03 Jun, 01:39 AM

The IPL is well-established and timed to perfection to Indian summers and the start of the financial year. ICC World Cup is trying to play catch up Post-Covid, said Navin Khemka, chief executive of the media buying group GroupM-backed EssenceMediacom, which represents Google, Adidas, Airtel and Flipkart. He said advertisers' response could be subdued in June .

Tags: #group #Indian #media #financial
Full story at Economic Times
Holiday home demand tapers off as rentals fall

Holiday home demand tapers off as rentals fall

Posted on: 03 Jun, 01:39 AM

Goa is becoming a first-home market with interest from businessmen and startup founders. Luxury second homes are in demand, especially in locations like Porvorim. Coonoor Estates is developing high-end luxury homes for buyers looking to settle down.

Tags: #home #developing
Full story at Economic Times
India-US discussions underway for $3.9 billion MQ-9B drones acquisition

India-US discussions underway for $3.9 billion MQ-9B drones acquisition

Posted on: 03 Jun, 01:39 AM

A team from the United States is currently in India engaging in discussions regarding the acquisition of MQ-9B drones by the armed forces. The deal, estimated at $3.9 billion, has not been finalized as talks on technology sharing are still ongoing. Sources reveal that a team from General Atomics is in the capital for negotiations on the purchase of 31 drones, with 15 designated for maritime roles.

Tags: #India #States #sharing
Full story at Economic Times
Now, a 'Bank Clinic' to guide you on complaints

Now, a 'Bank Clinic' to guide you on complaints

Posted on: 03 Jun, 01:39 AM

The Bank Clinic is an initiative by the All India Bank Employees' Association (AIBEA) to help customers address their grievances amid rapid expansion in technology and a series of Reserve Bank of India (RBI) guidelines on retail banking. A customer can fill out the details of her/his complaint, create a ticket, and receive a reply in five working days on the remedies available and information on what the RBI guidelines prescribe on that matter.

Tags: #amid
Full story at Economic Times
As retail sales growth slow, retailers to cut deep discounts to drive profits

As retail sales growth slow, retailers to cut deep discounts to drive profits

Posted on: 03 Jun, 01:39 AM

Retailers like Aditya Birla Fashion and Retail, Arvind, and V-Mart are avoiding deep discounts to boost profits. Madura Fashion reduced discounts by 500 basis points in the previous fiscal year to drive profitable growth. Madura Fashion manages brands such as Louis Philippe, Van Heusen, Allen Solly and Peter England

Tags: #cut
Full story at Economic Times
Ruling SKM leading in 27 assembly seats, CM Tamang ahead by 1,400 votes in Rhenock

Ruling SKM leading in 27 assembly seats, CM Tamang ahead by 1,400 votes in Rhenock

Posted on: 02 Jun, 03:40 PM

Former CM and SDF supremo Pawan Kumar Chamling was trailing behind SKM candidate Raju Basnet by 546 votes in Namcheybung seat.

Full story at ThePrint
'I refuse your partition' — Faiz to Shankha Ghosh, how Bengali poets captured 1947 violence

'I refuse your partition' — Faiz to Shankha Ghosh, how Bengali poets captured 1947 violence

Posted on: 02 Jun, 03:40 PM

Many have claimed that not much literature was produced in Bengal during the time compared to Punjab, where Partition literature was a genre in itself.

Tags: #time #compared
Full story at ThePrint
India’s six-week mammoth elections end Saturday, Modi in fray in last 57 seats

India’s six-week mammoth elections end Saturday, Modi in fray in last 57 seats

Posted on: 02 Jun, 03:40 PM

Other prominent candidates Saturday are Union minister Anurag Thakur, Mamata Banerjee's nephew Abhishek Banerjee, Lalu Prasad's daughter Misa Bharti and actor Kangana Ranaut.

Tags: #Union #elections
Full story at ThePrint
Some matters settled, but many squabbles persist — AP-Telangana ties 10 yrs after bifurcation

Some matters settled, but many squabbles persist — AP-Telangana ties 10 yrs after bifurcation

Posted on: 02 Jun, 03:40 PM

Telangana was formed on 2 June, 2014. As anniversary of the bifurcation approaches, both states continue to grapple with challenges related to asset division & outstanding power dues.

Tags: #related
Full story at ThePrint
Success of Indian democracy under Modi threatens Chinese authoritarianism, Western liberalism

Success of Indian democracy under Modi threatens Chinese authoritarianism, Western liberalism

Posted on: 02 Jun, 03:39 PM

OpenAI and Meta reports show tools of disinformation have been employed not only to delegitimise the Indian general election but also to foment disaffection against the Modi government.

Tags: #general
Full story at ThePrint
Exit polls signal triumph for BJP with its strongholds secure & predictions of big gains in south

Exit polls signal triumph for BJP with its strongholds secure & predictions of big gains in south

Posted on: 02 Jun, 03:39 PM

Outlook for Congress-led INDIA bloc remains bleak despite aggressive campaigning. Official results of 2024 Lok Sabha polls to be announced on 4 June. ThePrint looks at 5 exit polls.

Tags: #BJP #polls ,#polls #results
Full story at ThePrint
Prosecution 'copy paste' arguments in UAPA cases, 'psychologically overawe judges', notes J&K HC

Prosecution 'copy paste' arguments in UAPA cases, 'psychologically overawe judges', notes J&K HC

Posted on: 02 Jun, 03:39 PM

Justice Atul Sreedharan made the remarks while granting bail to Khursheed Ahmad Lone, charged under the Act, questions lack of specific material against UAPA accused in bail hearings.

Tags: #made
Full story at ThePrint
Before returning to jail, Kejriwal says ‘exit polls fake’, urges INDIA bloc to stay alert on 4 June

Before returning to jail, Kejriwal says ‘exit polls fake’, urges INDIA bloc to stay alert on 4 June

Posted on: 02 Jun, 03:39 PM

Delhi CM Arvind Kejriwal also asked AAP workers to not get demoralised & told INDIA bloc parties to direct polling agents to not leave counting centres without tallying EVM & VVPAT numbers.

Tags: #asked #told
Full story at ThePrint
CM Pema Khandu leads BJP to victory in Arunachal Pradesh, retains power with a brute majority

CM Pema Khandu leads BJP to victory in Arunachal Pradesh, retains power with a brute majority

Posted on: 02 Jun, 03:39 PM

BJP won 46 of the state's 60 seats. NDA partner NPP came a distant 2nd, winning 5 seats, followed by Ajit Pawar faction of NCP, which got 3. Khandu is set to return as CM for 3rd term.

Tags: #faction
Full story at ThePrint
Prem Singh Tamang-led SKM sweeps Sikkim, Pawan Chamling's SDF wins 1 & BJP fails to open account

Prem Singh Tamang-led SKM sweeps Sikkim, Pawan Chamling's SDF wins 1 & BJP fails to open account

Posted on: 02 Jun, 03:39 PM

The ruling SKM emerged victorious in 31 of state's 32 assembly seats. Others in the fray included BJP, Congress and newly formed Citizen Action Party-Sikkim — all of which drew a blank.

Tags: #Congress
Full story at ThePrint
Now, Nitish Kumar's JD(U) flexes muscles, says will not talk to Congress on seat sharing in Bihar

Now, Nitish Kumar's JD(U) flexes muscles, says will not talk to Congress on seat sharing in Bihar

Posted on: 02 Jun, 05:39 AM

News News: NEW DELHI: With no visible movement on seat sharing talks between the partners of opposition's INDIA (Indian National Developmental Inclusive Alliance.

Tags: #movement
Full story at Times Of India
Sena row: Possible some Maharashtra MLAs from both sides may get disqualified or none at all, legal experts say

Sena row: Possible some Maharashtra MLAs from both sides may get disqualified or none at all, legal experts say

Posted on: 02 Jun, 05:39 AM

Legal experts in Mumbai discuss the possibility of some MLAs from both sides getting disqualified or none at all. The decision of the assembly Speaker will be based on constitutional provisions and will be legally sustainable.

Tags: #Mumbai #MLAs ,#MLAs
Full story at Times Of India
No rest for Maharashtra Speaker as January 31 deadline for NCP case looms

No rest for Maharashtra Speaker as January 31 deadline for NCP case looms

Posted on: 02 Jun, 05:39 AM

After disposing of a bunch of disqualification petitions on Wednesday that had been filed by rival factions of Shiv Sena, now another bunch of petitio

Tags: #Shiv
Full story at Times Of India
'If possible, BSP can ... ': Mayawati rules out pre-poll alliance for 2024 Lok Sabha elections

'If possible, BSP can ... ': Mayawati rules out pre-poll alliance for 2024 Lok Sabha elections

Posted on: 02 Jun, 05:39 AM

India News: BSP chief Mayawati has said that her party will think about joining any alliance after the Lok Sabha elections are over. She refuted reports of retire

Tags: #party
Full story at Times Of India
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