In order to push sales in a highly competitive retail market, Zara India has slashed its entry-level product price by more than 50% to Rs 390 from Rs 799 a year ago.
The Rs 390 price point was introduced by the Spanish retailer in the sale announced by it in January this year.
If you are planning a holiday during the summer break in May-June, the time to book your air tickets is now because fares on most routes will come cheaper than what it was last year during the same period.
A similar communication was sent to banks in 2016, without a time-frame though
India’s information technology (IT) industry is likely to be burdened with more paperwork and come under greater scrutiny on its use of H-1B visas, with the US government unveiling new regulations on Thursday that take effect immediately.
Shortage of captains to hit overseas flights it relies on for revenue, profit; OTP too affected
Public sector banks (PSBs) have penalised employees in more than 5,000 instances between January 2015 and March 2017 with more than half of them being in 2015, the government’s reply to a question in the Parliament showed.
Lack of PPAs, coal linkage add to overcapacity woes as costs balloon from Rs 1,85,000 cr from Rs 1,45,000 cr
The National Highways Authority of India’s (NHAI) plan to augment its non-debt resources by transferring its operational projects on long-term lease basis to domestic and foreign “patient capital” investors has got off to a good start.
Reliance Payments Solutions (RPSL) on Thursday sought permission from its JioMoney customers to transfer their prepaid payment instruments (PPIs), or wallet accounts, to Jio Payments Bank, according to a public notice.
The committee of creditors (CoC) to Essar Steel is likely to approach the National Company Law Tribunal (NCLT) regarding the bids received as part of the steelmaker’s insolvency resolution process since both the bidders — ArcelorMittal and Numetal — are facing eligibility issues, sources told FE.
Also say may take grievances to DoT, PMO, imply rules disfavour ‘all but one operator’
The Supreme Court on Wednesday refused to pass any order on a public interest litigation (PIL) seeking an investigation into the role of the Punjab National Bank (PNB) top brass and deportation of billionaire jeweller Nirav Modi in the Rs 11,400-crore fraud case.
To boost railway connectivity and ease congestion in eastern and central India, the CCEA on Tuesday approved doubling, new-line and electrification projects worth Rs 11,662 crore that are expected to create 211.74 lakh persondays of work.
In his first official statement after the Rs 11,400-crore fraud at Punjab National Bank (PNB), finance minister Arun Jaitley on Tuesday said banking supervisory agencies need to assess what new systems have to be put in place to avoid such scandals in future.
IT industry body National Association of Software and Services Companies (Nasscom) on Tuesday projected a growth rate of 7-9% in fiscal year 2018-19, slightly higher than the 7-8% expected in the current fiscal, while hiring is expected to remain muted.
Prime Minister Narendra Modi on Tuesday reiterated that the government will take all necessary steps to double the income of farmers by 2022.
In key reform, CCEA okays methodology for auction of coal blocks to private players for commercial use
The government could turn less ambitious on the invoice-matching mechanism, one of the crucial anti-evasion measures in the goods and services tax (GST) regime, as it now reckons that cost of complying with then system to taxpayers and the tax department far outweighed the potential gains by way of plugging revenue leakages.
Less than half of wallet users have opted for the know your customer (KYC) process, as defined under the master direction on issuance and operation of prepaid payment instruments (PPIs) issued by the Reserve Bank of India (RBI) on October 11, 2017, industry players told FE.
Poses tough questions on whether there were any supervisory or regulatory lapses
Singapore Exchange (SGX) on Monday said in a statement that it would launch products that will succeed the SGX Nifty family of products before August 2018, when its existing contract with National Stock Exchange (NSE) expires.
New NPA norms and the PNB scam pour cold water on fund-raising plans amid hammered shares
The prospect for FY19 is not bright either as at least six states are implementing farm loan waivers and most are to factor in Pay Commission-induced salary increases for their staff.
Some PSBs asked their vigilance officers to submit an internal report, assessing systemic preparedness to avoid potential frauds.
“The (PNB) fraud came as a bolt from the blue. We swung into action, scanned accounts of the accused and started fortifying our internal systems.
After UDAY was implemented in November 2015, AT&C losses at the national level had fallen 1.8 percentage points to 23.9% in FY16.
Though the banking industry has started to recognise the stressed assets, with a resolution process through NCLT, aptly backed by recapitalisation, the country has failed to recognise the aspect of regulation and the role of a regulator, he said.
Crisil said it has sought clarity from PNB to understand the timeline and quantum of crystallisation of this contingent liability, prospects for recovery, estimated provisioning, potential impact on capitalisation ratios and expectation of additional capital support, among others.