Mumbai Billionaire Manages Fortunes For Burgeoning New Rich

The Mumbai banker’s $20 billion private-wealth-management unit became India’s biggest by assets and helped make him a billionaire. Nirmal Jain has hit the jackpot serving the new rich in the world’s fastest-growing major economy. The Mumbai banker’s $20 billion private-wealth-management unit became India’s biggest by assets and helped make him a billionaire. The nation’s demographics […]

I will stay away from PSU bank stocks, says Samir Arora of Helios Capital

Indian stock markets have performed better than expected recently despite the pessimism over the unravelling of nation’s biggest banking fraud at Punjab National Bank and the imposition of tax on LTCG, Samir Arora of Helios Capital said. Hedge fund manager Samir Arora is cautious on PSU Bank shares, so much so that he has said […]

India Considering Barring 91 Defaulters From Going Abroad

Public anger against Modi’s administration is mounting after two prominent jewelers left the country just before their alleged involvement in the nation’s biggest bank fraud came to light. India has compiled a list of people it is considering barring from leaving the country because of their involvement with companies that have defaulted on loans, a […]

Nirav Modi Scam “One-Off” Case: SBI Chief Rejects Privatisation Calls

New Delhi: The demands for privatization of national banks, triggered by the massive 11,000 crore fraud at the Punjab National Bank involving celebrity jeweller Nirav Modi, has been rebutted by State Bank of India chairman Rajnish Kumar. In an interview to NDTV, Mr Kumar has defended the record of public sector banks and asked if […]

State Bank Of India (SBI) Internet Banking: 5 Key Things To Know

Your SBI branch will provide you a pre-printed kit (PPK) containing username and password for first login. OnlineSBI is the internet banking portal provided by State Bank of India (SBI), the country’s largest lender. Internet banking is the most convenient way to bank anytime, from any place, and at your convenience. You can access OnlineSBI […]

Cheque books to be banned? To push for digital economy Modi govt likely to go for it

After one year of controversial demonetisation decision which sought to digitise economy, the Narendra Modi government is likely to ban cheque books usage, media reports say. The move comes in the wake of failure in achieving the complete digitisation of economy. Though digital transactions spiked soon after the ban of high value Rs 500 and […]

GST on white goods may be cut; refrigerators, washing machines could soon be cheaper

Indian consumers are likely to reap another round of big benefits in the next round of GST rate rejig. As per reports, the government may soon cut rates on consumer durables such as refrigerators and washing machines, which are currently in the 28% tax bracket. The move is likely to be a significant boost for […]

Egg prices jump 40% to Rs 7.5 a piece on tight supply, low production

Prices are up from Rs 4-5 last year as poultry farms reduced production for 2017 because they did not get better rates last year. Egg prices have jumped by up to 40 per cent to Rs 7-7.50 per piece in retail markets in most parts of the country, hit by tight supply, Poultry Federation of […]

GST Anti-Profiteering Authority Gets Cabinet Nod

This reflects government’s full commitment to take all possible steps to ensure benefits of implementation of GST to the common man, said Union Minister Ravi Shankar Prasad. New Delhi: The Union Cabinet on Thursday approved setting up of a National Anti-profiteering Authority under the GST, as it seeks to ensure that consumers get the benefit […]

500-year-old painting of Christ by Leonardo da Vinci sells for $450 million

NEW YORK: A 500-year-old painting believed to be by Leonardo da Vinci sold for $450.3 million in New York on Wednesday, blazing a new world record for the most expensive work of art sold at auction, Christie’s said. “Salvator Mundi” or “Savior of the World,” which depicts Jesus Christ, more than doubled the previous record […]