Jan Dhan or hawala dhan? Modi should heed RBI’s warnings on his pet scheme...
Several crores of bank accounts across the country that opened within days under Prime Minister Narendra Modi’s flagship financial inclusion programme Jan Dhan Yojana could act as vehicles for hawala operators and money launderers to transfer black money in and out of the country, the Reserve... read more »
Alibaba’s Big Debut, 10 Things to Know
New York: China’s e-commerce giant Alibaba began trading its shares Friday on the New York Stock Exchange. Here are ten things to know about Alibaba, and why its initial public offering made history: The Biggest: Alibaba raised $21.8 billion in its debut, making it the biggest US-listed IPO... read more »
Biocon stock zooms after Silver Leaf Oak buys 10% stake in Syngene for Rs 3...
MThis investment reflects Syngene’s leading position in the contract research and manufacturing space in Asia, acknowledging its comprehensive multidisciplinary capabilities,” Biocon Chairman and Managing Director Kiran Mazumdar-Shaw said in a statement. This transaction is part of the... read more »
UCO Bank examining ways to declare Kingfisher Airlines wilful defaulter
State-run lender UCO Bank is examining its options on how to declare Kingfisher Airlines a willful defaulter, chairman and managing director Arun Kaul said on Friday. “We are examining the possibility,” Kaul said on the sidelines of an event organised by the Confederation of Indian... read more »
