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  • The main warriors in India’s coming fintech revolution
    on June 24, 2018 at 1:55 am

    One week you are operating out of your corner office with the coveted view, dressed in a fitted suit, with a secretary whose job it is to make sure you remain as stress-free as possible. The next, you are working in a shared office space, in jeans and a hoodie, trying to make sense of the controlled chaos inside a startup. You have to fetch your own coffee and the printer has run out of ink.At least six senior bankers have willingly swapped the gilded safety of the former scenario for the […]

  • Bankers, the frontline warriors in India’s coming fintech revolution
    on June 24, 2018 at 1:55 am

    One week you are operating out of your corner office with the coveted view, dressed in a fitted suit, with a secretary whose job it is to make sure you remain as stress-free as possible. The next, you are working in a shared office space, in jeans and a hoodie, trying to make sense of the controlled chaos inside a startup. You have to fetch your own coffee and the printer has run out of ink.At least six senior bankers have willingly swapped the gilded safety of the former scenario for the […]

  • Midnight cheers and disbelief as Saudi Arabia ends ban on women driving
    on June 24, 2018 at 1:25 am

    By Vivian NereimThey hit the road at midnight in celebratory packs, whooping and ululating for joy.Teenagers gathered on Riyadh’s main boulevard to gawk. Men cracked jokes about how lucky they were to no longer have to chauffeur their wives around.Saudi Arabia’s infamous ban on women driving came to an end with a mixture of excitement and trepidation, as a handful of women maneuvered their way through the still-packed streets of the capital early Sunday. In a more secluded area, a […]

  • New pressures coming into play, life for audit firms is changing like never before
    on June 23, 2018 at 5:30 pm

    The position of an auditor in an Indian company is no longer an exalted one. Unlike in the not too distant past, when new auditor engagements were discussed politely between a company’s promoter and the heads of audit firms, the process has now moved to the procurement department of the company.Rotation norms that mandate a change in auditor after 10 years for all listed entities (about 6,000) and certain unlisted entities kicked in from April 2017. The earlier norm of not accepting an […]

  • Air India sale will be painful but necessary
    on June 23, 2018 at 5:30 pm

    Delay and dilly-dally. Prevaricate. Allow the enterprise to drift. Ensure that no one- the passengers, the crew or even the management- knows how long the rudderless ship caught in the maelstrom on the high seas will sail. Sooner than later, it will founder on the rocks and sink. Or, get caught in a gale and capsize. Indecision is in itself grief. There's news that the government has postponed the sale of Air India. It has taken everyone by surprise. The announcement could have been along these […]

  • Air India now a perfect case study on how not to handle bad assets
    on June 23, 2018 at 5:30 pm

    Delay and dilly-dally. Prevaricate. Allow the enterprise to drift. Ensure that no one- the passengers, the crew or even the management- knows how long the rudderless ship caught in the maelstrom on the high seas will sail. Sooner than later, it will founder on the rocks and sink. Or, get caught in a gale and capsize. Indecision is in itself grief. There's news that the government has postponed the sale of Air India. It has taken everyone by surprise. The announcement could have been along these […]

  • The week in 10 stocks: RIL, BoM IDBI Bank; highs, lows & IPOs
    on June 23, 2018 at 9:38 am

    The domestic equity market settled the volatile week with marginal gains amid some buying in financials as well as oil marketing stocks.The BSE Sensex advanced 67.50 points, or 0.18 per cent to 35,689 on June 22 from 35,622 on June 15. The NSE Nifty index added just 4 points, or 0.03 per cent, to 10,821 for the week ended June 22.ICICI Bank, HDFC, BPCL, Bajaj Finserv and HDFC Bank rallied up to 6.42 per cent in the Nifty index last week, while UPL, Hindalco, Coal India and HCL Tech slipped […]

  • Is the pharma rally here to stay? CLSA explains why stocks rallied
    on June 23, 2018 at 8:43 am

    Domestic pharmaceutical companies made a smart comeback this month with NSE’s Nifty index soaring over 13 per cent in June so far. The sector was underperforming for last three years amid pricing policy in the US generics markets, patent protection and regulatory overdrive, among others. The recent rally in pharma stocks is different, says CLSA. The global brokerage firm believes the stocks outperformed on the back of improving fundamentals in the US, which include recent good approvals […]

  • New offer from IIFL Finance: 4,000 jobs!
    on June 22, 2018 at 4:09 pm

    India Infoline Finance, backed by the UK-based CDC group, has embarked on a mega hiring plan as it aims to grow loans about 25% a year as more citizens step on to the consumption ladder in the world’s fastest-expanding economy.IIF has poached ace banker Sumit Bali from Kotak Mahindra Bank to head the non-banking unit as its chief executive officer (CEO): The company will also recruit 4,000 people this financial year.Total staff strength would reach 14,000 by March end next […]

  • Vishal Sikka denies Teradata's IP theft charges, terms allegations as 'baseless and outrageous'
    on June 22, 2018 at 12:07 pm

    Former SAP executive Vishal Sikka today denied IP theft charges made by tech firm Teradata, terming the allegations as "baseless and outrageous", and said the work on HANA platform was carried out with "highest integrity".Cloud-based data and analytics firm Teradata has filed a complaint in a US court against German firm SAP alleging trade secret misappropriation, copyright infringement and antitrust violations and also named Sikka as being aware of the situation. 64679793 Slamming the […]

  • Former finance minister Yashwant Sinha quits BJP, says democracy in danger
    on April 21, 2018 at 8:06 am

    Former Union Minister Yashwant Sinha, who has been at loggerheads with the party leadership in recent years, announced on Saturday that he is quitting BJP. "Today I am taking 'sanyas' from any kind of party politics, today I am ending all ties with the BJP," Sinha while addressing the first meeting of Rashtra Manch, founded by him.Sinha said democratic institutions were being undermined under the NDA regime and vowed to work for the protection of democracy in the country. He said that though he […]

  • MahaRERA slaps penalty on 8 Mumbai Builders for violation of rules
    on March 13, 2018 at 5:28 pm

    MUMBAI: The Maharashtra Real Estate Regulatory Authority (MahaRERA) has slapped penalty of Rs 2 lakh to Rs 10 lakh on 8 builders in Mumbai for advertising real estate project without mentioning the authority’s website address and advertising a non-registered project. MahaRERA has taken this action on Suo-Motu basis.Of the 8 realty developers, builder Tridhatu Morya has been fined Rs 10 lakh for advertising a non-registered project. Rest of the 7 builders including Sumit Group, The Wadhwa […]

  • Meet the Amit Shah of China: How a professor-turned-politician powers Xi Jinping
    on March 12, 2018 at 9:02 am

    Now that a constitutional amendment abolishes presidential term limits, it has become possible for China's president Xi Jinping to rule as long as he lives. China's shift from a collective rule indicates how it prizes Xi who has articulated the ambition of China becoming the world leader by displacing the US. Xi has turned China from an inward nation to a country focused on winning the world. Behind Xi's ideological offensive is brainy professor-turned-politician Wang Huning who has guided two […]

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