Is it the light at the end of the tunnel for PMC Bank depositors? However some depositors believe that their deposits may not be repaid in full even as there is a new owner for the crisis-ridden bank. A clearer picture will only emerge post the RBI’s nod for the revival of the bank.
The glitches in the new income tax website were one issue which got prominent mention at the 40th AGM of Infosys Limited. Infosys is the vendor for this project. However the Infosys management sounded confident and clarified that its team of engineers were able to iron out many of the glitches.
The Indian stock market ended Friday with muted gains. It capped a week which saw hectic action as some stocks collapsed like nine-pins. Is the pain really over or will it linger for some more time? There is no positive news on the horizon even as the market has discounted the unlock process.
The RBI has given nod to Centrum Capital to set up a SFB. This will take over PMC Bank. As the chairman of Centrum Capital, all eyes will be on Jaspal Bindra, the chairman. He is no stranger to banking after heading Standard Chartered. The second innings as a banker eagerly awaits this banker.
He was the geek who gave millions the opportunity to use a personal computer, a device indispensable in our daily lives. However at some point, the source code had an error and that manifested in a divorce not before instances of wrongful booting came to light. How will Gates come out of this?
The stocks belonging to the Adani group haven’t fully recovered from the Monday shock. There are some pointers which still remain unanswered and appear to be perplexing to many including investors in these stocks. How fast things normalise will help these stocks to recover.
A report in a U.K daily has indicated that GST directorate has raised a demand note on Cloudtail India, a leading retailer where both Amazon and Infosys founder, NRN’s venture fund are investors. The presence of such preferred sellers has already rankled the small Indian kirana shop owners.
Stocks belonging to the Gautam Adani group were favourites of many investors and traders. A news report indicated that some of the investors had their accounts frozen. That news translated to mayhem and panic selling on the bourses leading to many investors losing heavily.
Indian kirana traders are raring for a fight with the e-commerce giants. The decision of the Karnataka High Court has given them literally a spring in their heels. They are hoping that the CCI upholds their contention and puts a stop to the negative tactics of these giants.
The Karnataka High Court single judge bench has upheld the CCI probe initiated against two large online retailers. The retailers had petitioned the CCI alleging predatory pricing, unfair advantage to a few sellers and other malpractices. With the appeal now dismissed the CCI probe will begin.