The Reserve bank of India (RBI) has penalized five banks, including Punjab National bank (PNB), for non-compliance with RBI directions. PNB became the fifth bank to be penalized, with a penalty of Rs 1.31 crore. The penalty was imposed for non-compliance with RBI directions regarding 'Loans and Advances: Statutory and Other Restrictions' and the 'Reserve bank of India (Know Your Customer (KYC) Direction, 2016'.
Radhika Gupta advises investors to avoid narrow theme based funds and opt for diversified 'dal-chawal' funds like balanced advantage and aggressive hybrid mutual funds. She shares insights on sector rotation and the challenges of predicting sector outcomes. Users discuss the benefits of active vs passive investing.
Koo, the Indian social media platform aiming to rival Twitter, has closed down due to unsuccessful acquisition negotiations. The company struggled with funding challenges and workforce reductions amidst a competitive landscape.
Budget 2024: Indian pharmaceutical companies are looking for tax incentives and financial support in the upcoming Union Budget to boost research on innovative drugs. Industry experts emphasize the importance of thinking creatively and implementing policies to enhance growth in the sector.
Wockhardt's Zaynich antibiotic surged stock by 75%. CEO Habil Khorakiwala cited its uniqueness; phase three trials end this fiscal year. Compared to Novo Nordisk's Ozempic, Zaynichs $25 billion potential counters global antibiotic resistance.
Caste discrimination: On 1 July, two groups of students pelted stones at each other at govt school in what was culmination of ‘caste tension’.
In Sokhna village, Vinod Kumar grieves the deaths of his mother, wife & 10-yr-old daughter. In Daunkeli, Kamlesh's body was adorned with sindoor and covered in new dupattas.
BJP has accused the Karanataka CM, his wife & loyalists of graft in compensatory land deal with Mysuru Urban Development Authority. CM has called accusations ‘politically motivated’.
Family in tow, Mann has moved to a rented accommodation in upscale Royal Estate in Jalandhar, where he is holding roadshows and meetings daily, while his doctor wife goes door-to-door.
Leader of the Opposition Rahul Gandhi calls for more compensation for bereaved, says there was 'lapse on the part of the administration' & it should be investigated.
In letter to administration, association says order also violates SC ruling that reporting authority can be from outside of dept only for principal chief conservator of forests.
Most BJP in-charges retain posts. Maharashtra, Gujarat, Rajasthan, Uttar Pradesh, Bengal & Telangana not included in list.
Billionaire heir Anant Ambani is set to marry his longtime girlfriend Radhika Merchant later this month, in what has been widely described as the country’s wedding of the year.
A crowd crush at a religious gathering in northern India killed more than a hundred people Tuesday, mostly women, in one of the deadliest such incidents the country has seen in recent years.
Eyewitnesses have recounted scenes of chaos and confusion after a religious festival in northern India ended in tragedy when over 100 people were killed in a crowd crush.
Indian Prime Minister Narendra Modi will visit Moscow next week for the first time since Russia invaded Ukraine, a sign of the growing relationship between the two nations.
The Himalayan kingdom of Bhutan has only 700,000 residents and has preserved a very traditional way of life. Not everyone wants it to stay that way.