Global body calls for urgent changes to international tax systems to tackle inequality
Referring to an Oxfam study released yesterday, Independent Commission for the Reform of International Corporate Taxation (ICRICTC) said the inequality crisis remains unaddressed and out of control as hundreds of millions of people are living in extreme poverty while large rewards go to those at the very top.
Buy Persistent Systems, price target Rs 744: Dharmesh Shah
The analyst suggested a stoploss at Rs 678.
Share market update: Bank shares gain; Federal Bank rises 2%
The Nifty Bank index was trading 0.18 per cent up at 31135.95 .
Buzzing stocks: Vodafone Idea, YES Bank, RIL, Kotak Bank
RIL (Rs 256.34 crore) was leading the pack of most active stocks in value terms.
Sanjiv Chadha appointed MD, CEO Bank of Baroda; Atanu Kumar Das to head Bank of India
Sanjiv Chadha, who is at present Deputy Managing Director in State Bank of India, has been appointed to the new post for a period of three years, the order said. Lingam Venkata Prabhakar, Executive Director in Punjab National Bank, will be MD and CEO in Canara Bank, it said.
RBI says crypto not banned, but don’t bank on it
The central bank said this in a response to a petition filed by the Internet and Mobile Association of India (IAMAI), which wanted it to reconsider a 2018 circular directing regulated entities not to deal in cryptocurrencies. RBI said it had not banned crypto but only ringfenced regulated entities like banks from risks associated.
Bharat Electronics commissions real time train information system for Indian Railways
The system has been commissioned through the Centre for Railway Information System, under the technical guidance of Space Applications Centre at ISRO. RTIS provides real-time positional information of locomotives to the Railways. It facilitates automatic acquisition of train movement data, including that of arrival, departure and run-through timings, at the stations en route.
Stock market update: Private banks edge higher; Federal Bank climbs 2%
The Nifty Private Bank index was trading 0.14 per cent up at 17,185.55.
Cyient hires new VP of sales for its key Aerospace andDefense unit
Millard has over 20-years experience and in her new role will be responsible for accelerating sales through growth and expansion in the North American market, the company said. Denise was previously Vice President of Sales and Marketing at ECCS, responsible for leadership of sales, business development, marketing, and contract management.
Sachin Bansal to put $400m in banking biz
Bansal could likely invest $400-450 million in the new venture, according to estimates, which will likely make it one of the biggest equity infusions by a promoter into a new financial services venture.
New India Co-operative Bank shareholders approve conversion to small finance bank
The move comes after a slew of regulatory changes by the RBI following the Rs 4,500-crore PMC Bank fraud and to ensure better regulation of such lenders which are heavily influenced by regional political heavyweights. NICB shareholders will now be approaching the RBI and Central Registrar of Societies for further action, the bank said.
HDFC Bank to upgrade credit card systems
The instant card generation will initially be available only for existing customers but is likely to be extended to non-customers later. The new system will allow the users to file disputes by clicking photographs of charge slips and uploading them.
Federal Bank shares up nearly 3% post Q3 results
Total income also improved to Rs 3,738.22 crore in the third quarter.
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