A city prodigy, Nischal Narayana, 15, has become the youngest person ever to clear the tough-as-nails Integrated Professional Competence Course, a crucial hurdle in Chartered Accountancy. Blessed with a super power memory and razor sharp mind, Nisch
BERLIN: Speculation is growing that India-born Anshu Jain may take over as the co-head of Deutsche Bank , Germany’s largest private bank, together with Bundesbank President Axel Weber, when the incumbent Josef Ackermann retires in early 2013.
The country’s largest lender State Bank of India today raised lending and deposit rates on select maturities by 25 basis points in response to policy rate hike announced by Reserve Bank last month. SBI revised the base rate or the minimum lending ra
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The central board of the Reserve Bank met in Bhopal today and decided to prepare a financial inclusion plan for 2,736 Madhya Pradesh villages, with a population of over 2,000, as per the roadmap laid down in the last Union Budget.
More than 10 years after opening up of the insurance sector, regulator Irda today proposed to allow mergers and acquisitions in the general insurance business that requires consolidation among the 24 industry players, most of which are loss-making.
Concerned over delinquencies by accountancy firms in cases like Satyam, regulatory body ICAI is seeking changes in the statutes so that fines up to Rs one crore can be imposed on erring entities. “We have sent a proposal to the government to allow
The Central Provident Fund commissioner Mr. Samirendra Chatterjee, I.A.S.,today launched Web Based Claim enquiry module at a small function organized at the EPFO headquarters. Addressing the officers and Staff of the Head Office he said the computeri
After deciding to deploy revenue service officers at eight overseas Income Tax units, the government will now depute IRS officers at the top world economic body OECD to improve global cooperation in tackling money laundering, tax crimes and bribery.
The Centre today assured the Supreme Court that it would reveal the names of persons, who have stashed black money in foreign banks after registering a formal case against them. Solicitor general Gopal Subramanium, appearing before a bench headed by
