RBI slaps Rs 1 crore fine on Bank of Maharashtra

This penalty has been imposed taking into account the failure of the bank to adhere to directions issued by the RBI, the central bank said in a statement. Read more »

IL&FS ex-directors seek clarification on asset freeze from NCLT

The order had restrained the former directors from mortgaging, or third-party interests or in any way alienating movable or immovable or jointly held properties. Read more »

Proactively storing all Indian users’ data locally, says Truecaller

Truecaller pointed out that it was already storing payments data of its Indian users, who use its unified payment interface (UPI)-based payment service in India. Read more »

Tata’s Trent buys 1.5 lakh sq ft space in Lodha’s project

Lodha Excelus at New Cuffe Parade, is a mixed-use development spread over 23 acres and encompassing 10 residential and three commercial towers. Read more »

FDI in e-commerce: Amazon, Flipkart seek extension of February 1 deadline

These norms - which are effective February 1 - are likely to hit Amazon and Flipkart, the hardest. These two e-commerce platforms are also the largest in the country. Read more »

Kotak Mahindra Bank case to come up for hearing amid clamour for change in ownership rules

The rules require a bank to cut the promoter stake to 40 per cent within 3 years, 20 per cent within 10 years and then to 15 per cent within 15 years. Read more »

IIT Delhi, Tata Trusts ink pact to scale up School of Public Policy

The School is in the process of recruiting its first crop of faculty members. Read more »

Government mulls sale of IFCI non-core assets, MGMT change

IFCI’s net non-performing assets were Rs 5,127 crore, or 29.54%, at the end of March 2018, compared with Rs 5,882 crore, or 27%, a year earlier. Read more »

49 Indian universities in the Times Higher Education Emerging Economies University Rankings

The overall 2019 ranking comprises nearly 450 universities – expanded from 378 last year – from 43 countries, across four continents. Read more »

Gail Chief Bhuwan Chandra Tripathi may get third term

Tripathi has been the CMD of GAIL since August 2009, before which he held the position of Director (Marketing) for about two years. Read more »