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As Nirav Modi travels on revoked passport, CBI blames Interpol

the nodal agency for Interpol in India – on Monday blamed the international police body for not informing it about PNB scam accused Nirav Modi’s travels between different countries using

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SBI presentation fuels talk of bank mergers

The stage is set for intensification of attempts at public sector bank consolidation after a presentation by State Bank of India (SBI) chairman Rajnish Kumar at a recent meeting of

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Highest-paid Indian banker Aditya Puri gets 4% pay cut

HDFC Bank CEO Aditya Puri, who has been the highest-paid Indian banker for years, has seen a small dip in overall remuneration to Rs 9.6 crore in FY18 from Rs

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Interest-free loan from employer taxable: ITAT

Interest-free loans extended by an employer are taxable in the hands of an employee as a perquisite, the Income Tax Appellate Tribunal (ITAT) has said. However, the valuation of the

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India for G-20 action on loot & scoot

After promulgating an ordinance to act against economic fugitives, the government has made a pitch at the G-20 for a global framework on the issue that may be modelled on

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At 3% during 2017-18, FDI growth slowest in 4 years

Foreign direct inflows into India rose 3 per cent to $62 billion during 2017-18, the slowest pace of expansion since the Narendra Modi government came to office four years ago.

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Videocon faces bankruptcy proceedings

Videocon Industries is facing bankruptcy proceedings after the National Company Law Tribunal (NCLT) on Wednesday admitted a plea from lenders, led by SBI, to initiate a resolution process with a

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In first rate hike under Modi govt, RBI boosts repo to 6.25%

Prompted by inflation fears and emboldened by growth, Urjit Patel on Wednesday delivered his first rate hike since taking over as Reserve Bank of India (RBI) governor in September 2016.

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Government likely to announce Rs 7,000 crore bailout package for sugar mills as cane arrears mount

Concerned over mounting cane arrears of more than Rs 22,000 crore, the government is likely to announce a bailout package of over Rs 7,000 crore to ensure cash-starved mills clear

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Companies block poaching with ‘garden leave’

Retaining high potential talent through monetary incentives is a regular practice across industries. Disincentivising competition from acquiring your key talent by way of ‘garden leave clauses’ — seen mainly in

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